Global Agricultural Micronutrients Market By Type (Zinc, Boron, Iron, Manganese, Molybdenum, Copper, Molybdenum, Others), Crop Type (Cereals and Grains, Fruits and Vegetables), Form (Non-Chelated, Chelated), Mode of Application (Soil, Foliar, Fertigation), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2027.
Market Analysis and Insights: Global Agricultural Micronutrients Market
Agricultural micronutrients market is expected to reach USD 9.2 billion by 2027 growing at a growth rate of 8.80% in the forecast period 2020 to 2027. Increased usage of chemical fertilizers in the agriculture market due to its several benefits such as protection from UV rays among others is the major factor driving agricultural micronutrients market in the forecast period of 2020-2027.
Agricultural micronutrients are directly responsible for certain biochemical functions associated with plant growth, micronutrients are essential substances required for healthy plant growth.
Increased deficiency of essential minerals in the soil required for the growth of plants such as zinc, copper, iron among others is a vital factor for the rise in agricultural micronutrients market, increasing soil contamination across the globe and the research activities on the development and to introduce low pricing agricultural micronutrients are the major factors driving the growth of agricultural micronutrients market. Technical advancements in the production of agricultural micronutrients and the rapid development are likely to create new opportunities for agricultural micronutrients market in the forecast period of 2020-2027.
The restraining factors for the forecast period will be the lack of awareness among the farmers regarding the benefits of adopting agricultural micronutrients which will further challenge the growth of agricultural micronutrients market.
This agricultural micronutrients market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on agricultural micronutrients market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Agricultural Micronutrients Market Scope and Market Size
Agricultural micronutrients market is segmented on the basis of type, crop type, form & mode of application. The growth among various segments helps in the better analyzation of growth and strategies for better vision of market.
- On the basis of type, the agricultural micronutrients market is segmented into zinc, boron, iron, manganese, molybdenum, copper, molybdenum & others.
- Based on crop type, the agricultural micronutrients market is segmented into cereals and grains, fruits and vegetables
- Based on form, the agricultural micronutrients market is segmented into non-chelated & chelated
- The agricultural micronutrients market is also segmented on the basis of mode of application into soil, foliar and fertigation
Agricultural Micronutrients Market Country Level Analysis
Agricultural micronutrients market size, volume information is provided by country by type, crop type, form & mode of application as referenced above.
The countries covered in agricultural micronutrients market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates agricultural micronutrients market due to the factors such as the increased requirement of high-quality agricultural produce and the increasing agricultural practises in this region.
The country section of the agricultural micronutrients market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Agricultural Micronutrients Market Share Analysis
Agricultural micronutrients market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to agricultural micronutrients market.
The major players covered in the agricultural micronutrients market report are BASF SE, Akzo Nobel N.V., Nutrien Ltd, Yara, The Mosaic Company, Compass Minerals, ADAMA India Private Limited, AURIGA INDUSTRIES A/S, Bayer AG, DuPont, Land O'Lakes, Inc, Sumitomo Chemical Co., Ltd., Dow Dow, ATP Nutrition, Baicor, LLC, Brandt, Inc, Grow More Inc., The Fertilizer Institute among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provides competitive analysis for each competitor separately.
Customization Available: Global Agricultural Micronutrients Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.