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Agricultural Micronutrients Market Global Forecast by Products, Forms, Crops, Regions, Company Analysis

  • ID: 5317029
  • Report
  • April 2021
  • Region: Global
  • 172 pages
  • Renub Research
The Global Agricultural Micronutrients Market Was a US$ 6.4 Billion Industry in 2020

FEATURED COMPANIES

  • BASF SE
  • Nufarm
  • Nutrien Limited
  • The Mosaic Company
  • Yara International
  • MORE
Micronutrients play an essential role in healthy plant growth. Micronutrients perform biochemical functions which are needed for plants metabolism and growth. Earlier farmers use nutrients such as nitrogen, potassium, and phosphate, which do not act efficiently against the increasing prevalence of plant diseases. Therefore, with the change in time globally, micronutrients adaptation has increased for crop production and growth. Micronutrients are naturally present in plants and some animal-based food and can also artificially synthesized. Micronutrients rescue plants from the yellowing of leaves, withering of buds in crops and health hazards. The Global Agricultural Micronutrients Market was a US$ 6.4 Billion industry in 2020.

The demand for agricultural micronutrients also depends on the type of deficiency found in cereals, fruits and vegetables, pulses and oilseeds, etc. Consumers mostly prefer cereals in countries like the Asia Pacific and South America. With the rise in the economy in developing nations, agro scientists apply new agricultural practices, and the uses of high-quality agricultural produce are factors propelling the use of micronutrients in cereals. Micronutrients also help in reducing the risk of blindness, mental retardation and death during childbirth. These properties mentioned above anticipated being key factors driving the global market growth over the forecast period. In addition to this factors such as increased chemical fertilizer, mining of micronutrients, and extensive irrigation facilities propel the global micronutrient market. As per this research report, Global Crop Micronutrients Market is expected to grow with a CAGR of 7.62% during 2020-2027.

According to national geography, by the end of 2050, there will be two billion more mouths to feed; in total, there will be more than nine billion people on the planet. Micronutrients support an increasing level of crop production with less harmful impacts on the environment. In a day, these nutrients are required less than 100 milligrams in soil and humans. The micronutrient market can broadly be segmented into boron, iron, copper, manganese, molybdenum, zinc, cobalt, and chromium-based on product types. According to our research zinc segment is anticipated to hold the highest market due to the increasing number of benefits offered. According to the publisher, The Agricultural Micronutrients Market is expected to be US$ 10.7 Billion by 2027.

COVID-19 Impact on Global Crop Micronutrients Industry

However, COVID- 19 had affected the global micronutrients market. Farmers were facing a shortage of agricultural inputs as worldwide lockdown has disturbed the processes that connect farm production to the final consumer. China is leading fertilizer producers and exporters globally. Pandemic has lowered the production in China due to the labour shortage. And transportation problem also had a significant impact up and down the fertilizer chain.

This latest report “Global Agricultural Micronutrients Market by Products (Boron, Copper, Iron, Manganese, Molybdenum, Zinc, & Others), Forms (Chelated, Non-Chelated), Crops (Cereals, Food & Vegetables, Pulses & Oilseeds, Others), Regions (North America, Europe, Asia - Pacific, South-America, Rest of World), Company Analysis (The Mosaic Company, Yara International, Nutrien Limited, BASF SE, Nufarm)” provides a complete analysis of Crop Micronutrients Industry.

Product Types - Market breakup from 7 Viewpoints
  • Boron
  • Copper
  • Iron
  • Manganese
  • Molybdenum
  • Zinc
  • Other
Form Types - Market breakup from 2 Viewpoints
  • Chelated
  • Non-Chelated
Crop Types - Market breakup from 4 Viewpoints
  • Cereals
  • Food& Vegetables
  • Pulses & Oilseeds
  • Others
Regions - Market breakup from 5 Viewpoints
  • North America
  • Europe
  • Asia - Pacific
  • South - America
  • Rest of World
All companies have been covered from 3 viewpoints
  • Overviews
  • Recent Developments
  • Revenues
Company Analysis
  • The Mosaic Company
  • Yara International
  • Nutrien Limited
  • BASF SE
  • Nufarm
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • BASF SE
  • Nufarm
  • Nutrien Limited
  • The Mosaic Company
  • Yara International
  • MORE
1. Introduction

2. Research & Methodology

3. Executive Summary

4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges

5. Global Agriculture Micronutrients Market

6. Market Share Analysis
6.1 By-Products
6.2 By Forms
6.3 By Crops
6.4 By Regions

7. Products - Global Agriculture Micronutrients Market
7.1 Boron
7.2 Copper
7.3 Iron
7.4 Manganese
7.5 Molybdenum
7.6 Zinc
7.7 Other

8. Forms - Global Agriculture Micronutrients Market
8.1 Chelated
8.2 Non-Chelated

9. Crops - Global Agriculture Micronutrients Market
9.1 Cereals
9.2 Food& Vegetables
9.3 Pulses & Oilseeds
9.4 Others

10. Regions - Global Agriculture Micronutrients Market
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 South-America
10.5 Rest of World

11. Company Analysis
11.1 The Mosaic Company
11.1.1 Overviews
11.1.2 Recent Developments
11.1.3 Revenues
11.2 Yara International
11.2.1 Overviews
11.2.2 Recent Developments
11.2.3 Revenues
11.3 Nutrien Limited
11.3.1 Overviews
11.3.2 Recent Developments
11.3.3 Revenues
11.4 BASF SE
11.4.1 Overviews
11.4.2 Recent Developments
11.4.3 Revenues
11.5 Nufarm
11.5.1 Overviews
11.5.2 Recent Developments
11.5.3 Revenues

List of Figures:
Figure-1: Global Agriculture Micronutrients Market (Billion US$), 2017 - 2020
Figure-2: Forecast for - Global Agriculture Micronutrients Market (Billion US$), 2021 - 2027
Figure-3: Product Type - Boron Market (Million US$), 2017 - 2020
Figure-4: Product Type - Forecast for Boron Market (Million US$), 2021 - 2027
Figure-5: Product Type - Copper Market (Million US$), 2017 - 2020
Figure-6: Product Type - Forecast for Copper Market (Million US$), 2021 - 2027
Figure-7: Product Type - Iron Market (Million US$), 2017 - 2020
Figure-8: Product Type - Forecast for Iron Market (Million US$), 2021 - 2027
Figure-9: Product Type - Manganese Market (Million US$), 2017 - 2020
Figure-10: Product Type - Forecast for Manganese Market (Million US$), 2021 - 2027
Figure-11: Product Type - Molybdenum Market (Million US$), 2017 - 2020
Figure-12: Product Type - Forecast for Molybdenum Market (Million US$), 2021 - 2027
Figure-13: Product Type - Zinc Market (Million US$), 2017 - 2020
Figure-14: Product Type - Forecast for Zinc Market (Million US$), 2021 - 2027
Figure-15: Product Type - Other Market (Million US$), 2017 - 2020
Figure-16: Product Type - Forecast for Other Market (Million US$), 2021 - 2027
Figure-17: Form Type - Chelated Market (Million US$), 2017 - 2020
Figure-18: Form Type - Forecast for Chelated Market (Million US$), 2021 - 2027
Figure-19: Form Type - Non-Chelated Market (Million US$), 2017 - 2020
Figure-20: Form Type - Forecast for Non-Chelated Market (Million US$), 2021 - 2027
Figure-21: Crop Type - Cereals Market (Million US$), 2016 - 2020
Figure-22: Crop Type - Forecast for Cereals Market (Million US$), 2021 - 2027
Figure-23: Crop Type - Food & Vegetables Market (Million US$), 2016 - 2020
Figure-24: Crop Type - Forecast for Food & Vegetables Market (Million US$), 2021 - 2027
Figure-25: Crop Type - Pulses & Oil Seeds Market (Million US$), 2016 - 2020
Figure-26: Crop Type - Forecast for Pulses & Oil Seeds Market (Million US$), 2021 - 2027
Figure-27: Crop Type - Others Market (Million US$), 2016 - 2020
Figure-28: Crop Type - Forecast for Others Market (Million US$), 2021 - 2027
Figure-29: North America - Agriculture Micronutrients Market (Million US$), 2016 - 2020
Figure-30: North America - Forecast for Agriculture Micronutrients Market (Million US$), 2021 - 2027
Figure-31: Europe - Agriculture Micronutrients Market (Million US$), 2016 - 2020
Figure-32: Europe - Forecast for Agriculture Micronutrients Market (Million US$), 2021 - 2027
Figure-33: Asia - Pacific - Agriculture Micronutrients Market (Million US$), 2016 - 2020
Figure-34: Asia - Pacific - Forecast for Agriculture Micronutrients Market (Million US$), 2021 - 2027
Figure-35: South - America - Agriculture Micronutrients Market (Million US$), 2016 - 2020
Figure-36: South - America - Forecast for Agriculture Micronutrients Market (Million US$), 2021 - 2027
Figure-37: Rest of World - Agriculture Micronutrients Market (Million US$), 2016 - 2020
Figure-38: Rest of World - Forecast for Agriculture Micronutrients Market (Million US$), 2021 - 2027
Figure-39: The Mosaic Company - Global Revenue (Million US$), 2016 - 2020
Figure-40: The Mosaic Company - Forecast for Global Revenue (Million US$), 2021 - 2027
Figure-41: Yara International - Global Revenue (Million US$), 2016 - 2020
Figure-42: Yara International - Forecast for Global Revenue (Million US$), 2021 - 2027
Figure-43: Nutrien Limited - Global Revenue (Million US$), 2016 - 2020
Figure-44: Nutrien Limited - Forecast for Global Revenue (Million US$), 2021 - 2027
Figure-45: BASF SE - Global Revenue (Million US$), 2016 - 2020
Figure-46: BASF SE - Forecast for Global Revenue (Million US$), 2021 - 2027
Figure-47: Nufarm - Global Revenue (Million US$), 2016 - 2020
Figure-48: Nufarm - Forecast for Global Revenue (Million US$), 2021 - 2027

List of Tables:
Table-1: Global Agriculture Micronutrients Market Share by Product Type (Percent), 2017 - 2020
Table-2: Forecast for - Global Agriculture Micronutrients Market Share by Product Type (Percent), 2021 - 2027
Table-3: Global Agriculture Micronutrients Market Share by Form (Percent), 2017 - 2020
Table-4: Forecast for - Global Agriculture Micronutrients Market Share by Form (Percent), 2021 - 2027
Table-5: United States Cheese Market Share by Crop Type (Percent), 2017 - 2020
Table-6: Forecast for - United States Cheese Market Share by Crop Type (Percent), 2021 - 2027
Table-7: United States Cheese Market Share by Region (Percent), 2017 - 2020
Table-8: Forecast for - United States Cheese Market Share by Region (Percent), 2021 - 2027
Note: Product cover images may vary from those shown
  • The Mosaic Company
  • Yara International
  • Nutrien Limited
  • BASF SE
  • Nufarm
Note: Product cover images may vary from those shown

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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