Quick Summary:
In the intensely competitive world of agriculture, where productivity is key, the significance of micronutrients has grown exponentially. The comprehensive global agricultural micronutrients market report detailed here is an indispensable guide for anyone seeking to leverage this trend. It offers crucial data on the various essential mineral elements--from Zinc and Copper to Boron and Molybdenum--used by plants in small quantities but with large impact. These micronutrients influence multiple biological processes, cell growth and even hormone balancing in plants.
Understanding their influence on crop yield, root strength, and overall plant immunity is essential for business strategy. This report goes beyond just understanding the broad picture. It dives deeper, offering analyses of key trends in sub-segments, global and regional forecasts, and market breakup by type, crop, form, and application. Unlock the potential of agricultural micronutrients and equip your business with the insights needed to succeed in the global market.
The global agricultural micronutrients market size reached US$ 4.9 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 7.9 Billion by 2027, exhibiting a CAGR of 8.29% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Agricultural micronutrients are the essential mineral elements, such as Zinc (Zn), Copper (Cu), Manganese (Mn), Iron (Fe), Boron (B) and Molybdenum (Mo), which are used by plants in small quantities. They help improve the yield and quality of agricultural products and are majorly used with soil, in foliar sprays and fertigation systems. They also assist in the biological processes and cell growth of plants. Nowadays, micronutrients are mixed with dry and liquid fertilizers to reduce cost and allow uniform distribution with conventional application equipment.
Micronutrients are utilized in plants for hormone balancing, auxin activity, enhancing flowering blooms and developing a uniform ripening process. The rising focus on plant nutrients for successful growth and optimum yields represents one of the key factors bolstering the market growth. Besides this, they improve sugar translocation and root strength, which helps develop large roots and supports overall plant immunity. Additionally, as they act as enzyme co-factors and building blocks that enable plants to build complete proteins and compounds, they are considered an essential mineral element for nurturing horticultural crops. This, in turn, is increasing their overall sales worldwide. Other factors contributing to an increase in the usage of agricultural micronutrients include the need to achieve proper balanced nutrition in crops of cereals, pulses, oilseeds, spices and plantation. Apart from this, as micronutrient deficiency leads to stunted growth, leaf discoloration, loss of fruiting bodies, plant deformations and reduced crop yields, their demand is anticipated to expand in the agricultural industry.
Agricultural micronutrients are the essential mineral elements, such as Zinc (Zn), Copper (Cu), Manganese (Mn), Iron (Fe), Boron (B) and Molybdenum (Mo), which are used by plants in small quantities. They help improve the yield and quality of agricultural products and are majorly used with soil, in foliar sprays and fertigation systems. They also assist in the biological processes and cell growth of plants. Nowadays, micronutrients are mixed with dry and liquid fertilizers to reduce cost and allow uniform distribution with conventional application equipment.
Micronutrients are utilized in plants for hormone balancing, auxin activity, enhancing flowering blooms and developing a uniform ripening process. The rising focus on plant nutrients for successful growth and optimum yields represents one of the key factors bolstering the market growth. Besides this, they improve sugar translocation and root strength, which helps develop large roots and supports overall plant immunity. Additionally, as they act as enzyme co-factors and building blocks that enable plants to build complete proteins and compounds, they are considered an essential mineral element for nurturing horticultural crops. This, in turn, is increasing their overall sales worldwide. Other factors contributing to an increase in the usage of agricultural micronutrients include the need to achieve proper balanced nutrition in crops of cereals, pulses, oilseeds, spices and plantation. Apart from this, as micronutrient deficiency leads to stunted growth, leaf discoloration, loss of fruiting bodies, plant deformations and reduced crop yields, their demand is anticipated to expand in the agricultural industry.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global agricultural micronutrients market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, crop type, form and application.Breakup by Type:
- Zinc
- Boron
- Iron
- Manganese
- Molybdenum
- Others
Breakup by Crop Type:
- Cereals
- Pulses and Oilseeds
- Fruits and Vegetables
- Others
Breakup by Form:
- Chelated
- Non-Chelated
Breakup by Application:
- Soil
- Foliar
- Fertigation
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ATP Nutrition (Concentric Agriculture Inc.), Balchem Corporation, BASF SE, Compass Minerals International, Coromandel International Ltd. (Murugappa Group and EID Parry), Corteva Inc., Helena Agri-Enterprises LLC (Marubeni Corporation), Nufarm Canada, Stoller USA Inc., The Mosaic Company , Valagro SpA (Syngenta Crop Protection AG), Yara International ASA and Zuari Agro Chemicals Ltd.Key Questions Answered in This Report:
- How has the global agricultural micronutrients market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global agricultural micronutrients market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the crop type?
- What is the breakup of the market based on the form?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global agricultural micronutrients market and who are the key players?
- What is the degree of competition in the industry?
Frequently Asked Questions about the Global Agricultural Micronutrients Market
What is the estimated value of the Global Agricultural Micronutrients Market?
What is the growth rate of the Global Agricultural Micronutrients Market?
What is the forecasted size of the Global Agricultural Micronutrients Market?
Who are the key companies in the Global Agricultural Micronutrients Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 146 |
| Published | October 2022 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value ( USD | $ 4.9 Billion |
| Forecasted Market Value ( USD | $ 7.9 Billion |
| Compound Annual Growth Rate | 8.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 13 |
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Agricultural Micronutrients Market
6 Market Breakup by Type
7 Market Breakup by Crop Type
8 Market Breakup by Form
9 Market Breakup by Application
10 Market Breakup by Region
11 SWOT Analysis
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- ATP Nutrition (Concentric Agriculture Inc.)
- Balchem Corporation
- BASF SE
- Compass Minerals International
- Coromandel International Ltd. (Murugappa Group and EID Parry)
- Corteva Inc.
- Helena Agri-Enterprises LLC (Marubeni Corporation)
- Nufarm Canada
- Stoller USA Inc.
- The Mosaic Company
- Valagro SpA (Syngenta Crop Protection AG)
- Yara International ASA
- Zuari Agro Chemicals Ltd.
Methodology
LOADING...
