North America Boron Fertilizers Market Forecast to 2028 COVID19 Impact and Regional Analysis By Source (Boric Acid, Borax, and Others) and Application (Fruits and Vegetables, Cereals and Grains, Oilseeds and Pulses, and Others)

Borax Segment to Dominate North America Boron Fertilizers Market during 2021-2028.

According to a new market research study on “North America Boron Fertilizers Market to 2028 - COVID19 Impact and Analysis and Forecast by: Source and Application,” the market is expected to reach US$ 846.81 million by 2028 from US$ 491.78 million in 2021. The market is estimated to grow at a CAGR of 8.1% from 2021 to 2028. The report provides trends prevailing in the North America boron fertilizers market along with the drivers and restraints pertaining to the market growth. Growing awareness regarding the importance of boron in maintaining soil profile and nutritional balance is the major factor driving the growth of the North America boron fertilizers machine market. However, issues associated with the absence of awareness hinder the growth of North America boron fertilizers market.

The North America boron fertilizers market is segmented into source, application and country. Based on source, the North America boron fertilizers market is segmented into boric acid, borax, and others. The borax segment dominated the market in 2020 and boric acid segment is expected to be the fastest growing during the forecast period. By application, the boron fertilizers market is segmented into oilseed and pulses, fruits and vegetables, cereals and grains, and others. The fruits and vegetables segment dominated the North America boron fertilizers market in terms of value in 2020 and is expected to register the highest CAGR during the forecast period 2021-2028.

The US has the highest number of confirmed cases of COVID19, as compared to Mexico and Canada. This is likely to impact the fertilizer manufacturing industry in the region as, due to the COVID19, the overall manufacturing processes, research, and development activities and the supply chain is likely to get affected. In addition, COVID19 has impacted several industries including agriculture industry negatively in the US. All these industries are highly dependent on agricultural sector and thus generate a huge demand for fertilizers both macro and micronutrients.

Eti Maden; MCC Russian Bor; Minera Santa Rita S.R.L; ORO AGRI Europe; Quimical Tierra; Rose Mill Co.; The Mosaic Company; Valagro S.P.A.; and Yara are among the leading companies in the North America boron fertilizers market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

The report segments the North America Boron Fertilizers market as follows:

North America Boron Fertilizers Market - By Source

• Boric Acid
• Borax
• Others

North America Boron Fertilizers Market - By Application

• Fruits and Vegetables
• Cereals and Grains
• Oilseeds and Pulses
• Others

North America Boron Fertilizers Market - By Country

• US
• Canada
• Mexico

Reasons to buy:

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• The key findings and recommendations highlight crucial progressive industry trends in the North America Boron Fertilizers market, thereby allowing players across the value chain to develop effective longterm strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize indepth North America market trends and outlook coupled with the factors driving Boron Fertilizers market, as well as those hindering it
• Enhance the decisionmaking process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution