Global Agricultural Micronutrients Market
Report Highlights
Market Overview:
The global Agricultural Micronutrients market was valued at USD 7.10 billion in 2016 and is projected to reach USD 14.32 billion by 2025, growing at a CAGR of 8.1% from 2017 to 2025.
Micronutrients although required in very small quantities play an important role in soil health. The rising usage of chemical pesticides and fertilizers has deprived the soil of its essential micronutrients. The usage of these products is expected to play a major role in increasing productivity and also maintain the quality of soil.
Market Dynamics:
1. Market Drivers
1.1 Micronutrient deficiency in soil
1.2 Increased focus on agricultural productivity
2. Market Restraints
2.1 Lack of awareness regarding micronutrients
2.2 Diagnosis issues and micronutrient toxicity
Market Segmentation:
The global Agricultural Micronutrientsmarket is segmented on thetype, form, crop type, functionand region.
1. By Type:
1.1 Manganese
1.2 Zinc
1.3 Boron
1.4 Copper
1.5 Molybdenum
1.6 Others
2. By Form:
2.1 Chelated
2.2 Non-Chelated
3. By Crop Type:
3.1 Pulses and Oilseeds
3.2 Vegetables and Fruits
3.3 Cereals and Grains
3.4 Others
4. By Function:
4.1 Fertigation
4.2 Soil
4.3 Foliar
4.4 Others
5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Akzo Nobel Nutrients
2. Yara International
3. BASF
4. Hellagrolip SA
5. FMC
6. Verdesian
7. BMS Micro Nutrients NV
8. Lemagro
9. Haifa Chemicals Ltd.
10. PPC ADOB
11. Valagro
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Agricultural Micronutrientsmarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the Research Methodology of Verified Market Intelligence and other aspects of the research study, kindly get in touch with our sales team.
Verified Market Research has been providing Research Reports, with up to date information, and in-depth analysis, for several years now, to individuals and companies alike that are looking for accurate Research Data. It has large database which includes the latest content from renowned authors and publications worldwide. It also provides customized Data and Reports according to the need of the client.