Global Nutrients and Micronutrient Fertilizers Market, By Nutrient Type (Zinc, Manganese, Copper, Boron, Molybdenum, Iron, Others), Form (Chelated, Non-Chelated), Crop Type (Grains and Cereals, Pulses and Oilseeds, Commercial Crops, Fruits and Vegetables, Others), Application (Soil, Foliar, Fertigation, Others), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, 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, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Nutrients and Micronutrient Fertilizers Market
Data bridge market research analyses that the nutrients and micronutrient fertilizers market will project a compound annual growth rate of 8.7% during the forecast period of 2021 to 2028 and account for USD 17.34 billion by 2028.
Micronutrients play a significant role in ensuring balanced nutrition to crops, and the absence of these may limit crop growth. Many micronutrient fertilizer products are available in the market and owing to their low requirement, they are generally applied along with NPK fertilizers.
The rising micronutrient deficiency in soil is the major factor accelerating the growth of the nutrients and micronutrient fertilizers market. Furthermore, the rise in the focus on crop production and quality, supporting policies from the government, and rising micronutrients utility in greater quantities to meet the global cereals and food and vegetables are also expected to drive the growth of the nutrients and micronutrient fertilizers market. However, the flourishing organic fertilizer industry and bio-accumulation of non-biodegradable chelates restrains the nutrients and micronutrient fertilizers market, whereas, the need for sustainable sourcing of raw materials will challenge market growth.
- In addition, development of biodegradable chelates, occurrences of micronutrient deficiencies in soils around the world and the improvement in human nutrition will create ample opportunities for the nutrients and micronutrient fertilizers market.
This nutrients and micronutrient fertilizers market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized 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 nutrients and micronutrient fertilizers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Nutrients and Micronutrient Fertilizers Market Scope and Market Size
The nutrients and micronutrient fertilizers market is segmented on the basis of nutrient type, form, crop type, and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on the nutrient type, the nutrients and micronutrient fertilizers market is segmented into zinc, manganese, copper, boron, molybdenum, iron, and others.
- On the basis of form, the nutrients and micronutrient fertilizers market is segmented into chelated and non-chelated.
- On the basis of crop type, the nutrients and micronutrient fertilizers market is segmented into grains and cereals, pulses and oilseeds, commercial crops, fruits and vegetables, and others.
- Based on the application, the nutrients and micronutrient fertilizers market is segmented into soil, foliar, fertigation, and others.
Nutrients and Micronutrient Fertilizers Market Country Level Analysis
The nutrients and micronutrient fertilizers market is analyses and market size, volume information is provided by country by nutrient type, form, crop type, and application as referenced above.
The countries covered in the nutrients and micronutrient fertilizers market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, 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, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Asia-Pacific dominates the nutrients and micronutrient fertilizers market due to high demand for food grains, coupled with decreasing nutrients in the soil. North America is expected to grow in the forecast period of 2021 to 2028 due to rise in awareness and high adoption of crop nutrition.
The country section of the nutrients and micronutrient fertilizers 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.
Competitive Landscape and Nutrients and Micronutrient Fertilizers Market Share Analysis
The nutrients and micronutrient fertilizers 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 nutrients and micronutrient fertilizers market.
The major players operating in the nutrients and micronutrient fertilizers market report are BASF SE, Akzo Nobel N.V., UPL, Yara, Coromandel International Limited, FMC Corporation, Nutrien Ltd., FEECO International, Inc., Borealis AG., EuroChem Group, Petrobras, Helena Agri-Enterprises, LLC, Borealis AG, and Olam International, among others.
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