The global agricultural micronutrients market is expected to reach a value of USD 6.9 Billion by 2028 and register a CAGR of 8.6%, according to the latest report by Reports and Data. Micronutrients including iron, copper, zinc, and boron are considered essential for plants growth. Micronutrient deficiency can result in numerous plant diseases, reducing quantity and quality of crops and yield. Growing preference for genetically modified seeds globally is a primary factor supporting revenue growth of the agricultural micronutrients market and the trend is expected to continue going forward.

Rising use of special chemical fertilizers is augmenting demand for micronutrients as it aids in protecting crops from UV radiation, insects, and parasites, and promotes increased yield. Demand for zinc is increasing across various regions, particularly countries in Asia Pacific. Due to zinc deficiency in soil, agricultural crop productivity and yield decreases over time. Therefore, growing number of companies are focusing on offering zinc as a major micronutrient for application in different types of soils to enhance agricultural crop production and yield. However, factors including broad irrigation facilities, rising use of chemical fertilizers, and mining of micronutrient reserves are leading to global shortage of micronutrients, which could hamper market growth to some extent in the long run.

Major manufacturers in the agricultural micronutrients market include AkzoNobel (Netherlands), BASF SE (Germany), Nutrien, Ltd. (Canada), The Mosaic Company (US), Yara International ASA (Norway), Valagro (Italy), and Compass minerals international (US).

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For the purpose of this report, Reports and Data has segmented the global agricultural micronutrients market on the basis of type, mode of application, form, crop type, and region:

Type Outlook (Revenue, USD Billion, 2018 – 2028)

• Zinc
• Boron
• Iron
• Manganese
• Molybdenum
• Others (Chlorine and Nickel)

Crop Type Outlook (Revenue, USD Billion, 2018 – 2028)

• Cereals & grains
• Oilseeds & pulses
• Fruits & vegetables
• Others (Turfs, ornamentals, plantation crops, forages, and fiber crops)

Form Outlook (Revenue, USD Billion, 2018 – 2028)

• Chelated
• Non-Chelated

Mode of Application Outlook (Revenue, USD Billion, 2018 – 2028)

• Soil
• Foliar
• Fertigation
• Others (Seed treatment, trunk injection, and implantation)

Regional Outlook (Revenue, USD Billion, 2018 – 2028)

• North America
• Europe
• Asia-Pacific
• Latin America (LATAM)
• Middle East and Africa (MEA)

Some key findings in the report

• Zinc biofortification is considered an appropriate solution for addressing deficiencies, especially in human health. Rising demand for zinc biofortification is a primary factor driving revenue growth of this segment, and the trend is expected to continue over the forecast period.
• Asia Pacific is expected to register the largest revenue share in the industry during the forecast period. Revenue growth of the market in the region is attributed to increasing crop cultivation, rising interest of consumers in high quality and healthy food, and growing awareness regarding benefits and advantages of agricultural micronutrients among farmers in emerging economies, including India and China…Continued

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Table of Content:

Chapter 1 Introduction

    1.1 Objectives Of The Study

    1.2 Market Definition

    1.3 Study Scope

           1.3.1 Regional Segmentation

    1.4 Periodization Considered

    1.5 Currency Considered

    1.6 Unit Considered

    1.7 Stakeholders

Chapter 2 Research Methodology

    2.1 Research Data

           2.1.1 Secondary Data

                    2.1.1.1 Key Data From Secondary Sources

           2.1.2 Primary Data

                    2.1.2.1 Key Data From Primary Sources

                    2.1.2.2 Breakdown Of Primaries

    2.2 Market Size Estimation

           2.2.1 Bottom-Up Approach

           2.2.2 Top-Down Approach

    2.3 Market Breakdown & Data Triangulation

    2.4 Research Assumptions & Limitations

           2.4.1 Assumptions

           2.4.2 Limitations Of The Study

Chapter 3 Executive Summaries

Chapter 4 Premium Insights

    4.1 Opportunities In The Agricultural Micronutrients Market

    4.2 Agricultural Micronutrients Market, By Form

    4.3 Asia Pacific: Agricultural Micronutrients Market, By Form & Key Country

    4.4 Agricultural Micronutrients Market, By Crop Type & Region

    4.5 Key Markets, By Key Country

Continued…

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Tags: Agricultural Micronutrients Market Size, Agricultural Micronutrients Market Growth, Agricultural Micronutrients Market Share