Liquid nutrients directly applied to plant leaves for essential ingredient absorption
Market Overview
Strong CAGR of 8.70% during the forecast period (20252031)
Global market valued at USD 1873.30 million in 2023Projected to reach USD 3968.93 million by 2032
North American market
estimated at USD 563.64 million in 2023 with 7.46% CAGR
Market Value & Growth Projections
Market Value & Growth Projections 2023: USD 1873.30 million
2032 (Projected): USD 3968.93 million
CAGR: 8.70%
Key Market Drivers:
Increasing farmer awareness about productivity enhancement benefits Growing adoption of precision agriculture techniques Technological advancements in eco-friendly formulations
Rising demand for horticultural crops and field
Market Segmentation
By Type
By Application
Phosphatic
Potassic
Micronutrients
& Ornamentals
Key Market Players
Nutrien GSFC
Regional Market Analysis
North America: USD 563.64 million (2023), 7.46% CAGR
Strong growth in USA and Canada
Europe: Strong demand in Germany, UK, and France, driven by advancements in agricultural practices
Asia-Pacific: Key growth in China, Japan, and India, expanding agricultural sector presents significant opportunities
Middle East & Africa: Growing adoption in Saudi Arabia and UAE, focus on improving crop yields and agricultural productivity
South & Central America: Favorable environment for market growth, diverse crop cultivation and increasing sustainable farming focus
