Agricultural Micronutrients Market Size, Emerging Trends and Prospects 2027 with Leading Vendors

Market Forecast

Global Agricultural Micronutrients Market Size has been projected to be valued at USD 7.3 Billion by 2026 at a CAGR of 8.4% between 2020 and 2026. Micronutrients play an important role in agriculture by promoting sustainable crop production. Owing to various factors such as continuous fertilization in limited agricultural land, the over-application of fertilizers or manure, and also due to natural calamities, soil tends to lose essential nutrients which causes nutrient deficiencies in the soil and impacts the growth of crops and their nutrient content negatively. Thus, the continuous rise in demand for nutrition-rich food from the rising population is boosting the growth of the Agricultural Micronutrients Market Size. The market players are also emphasizing on product launches, partnerships, acquisitions, and expansions to meet the increasing market demand. For instance, in June 2017, AkzoNobel declared its plan to invest more than USD 12 million in Sweden to expand the production capacity for its chelated micronutrients, which are considered as essential in the agricultural market.

Market USP

Increasing prevalence of micronutrient deficiencies in soil

Key Players

  • BASF SE (Germany)
  • AkzoNobel (Netherlands)
  • Nutrien, Ltd. (Canada)
  • Yara International ASA (Norway)
  • The Mosaic Company (US)
  • Compass Minerals International (US)
  • Valagro (Italy)
  • Nufarm (Australia)
  • Coromandel International Ltd. (India)
  • Helena Chemical Company (US)
  • Zuari Agrochemicals Ltd (India)
  • Stoller Enterprises, Inc. (US)
  • ATP Nutrition (Canada)
  • Balchem (US)
  • Corteva, Inc. (US)

Access Report Details @ https://www.marketresearchfuture.com/reports/agricultural-micronutrients-market-10137

Growth Opportunities in the Market

High Demand for Cereals & Grains: The cereals & grains segment dominated the global Agricultural Micronutrients Market Size in 2019 and is anticipated to remain dominant during the review period. Among all the crops, cereals & grains are the most consumed and account for the largest proportion of agricultural land worldwide. Also, the increasing demand for plant-based foods has further boosted the demand for cereals & grains in food processing industries. Manganese, Copper, and Zinc are the top three micronutrient deficiencies found in cereal crops.

Deficiency of Zinc in the Soil Across the Globe: In plants, zinc is an essential constituent of many enzymes and proteins and plays a vital role in a wide range of processes, such as growth hormone production and internode elongation. However, Zinc deficiency is probably the most common micronutrient deficiency in crops worldwide, resulting in substantial losses in crop yields.

Product Innovation on Chelated Micronutrients: Non-chelated micronutrients hold a substantial share in the Agricultural Micronutrients Market Size owing to their high affordability and availability. However, chelated compounds are more stable than non-chelated compounds, and the key players such as AkzoNobel and BASF SE are investing heavily in the innovation of chelated agricultural micronutrients.

Increasing Adoption of the Fertigation Method: The most common method of micronutrient application for crops is soil application. This method has been traditionally used in many countries and is fast and economical. However, advancements in fertigation technology have increased the adoption of the fertigation method among farmers.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street,5Th Floor, New York,

New York 10013,

United States of America


Comments

Post a Comment

Popular posts from this blog

Car Air Purifier Market Size Insights Report 2021-2027 With Major Impacting Factors And Investment Study

Market Scope Market Research Future (MRFR) suggests in its new exhaustive study that the Car Air Purifier Market Size will touch USD 12,105.7 million by the end of 2027. Also, the market size is expected to soar at a rate of 7.58% from 2020 to 2027. Major Boosters and Restraints The deteriorating condition of the environment along with the surging toxicity levels has been favorable for car air purifiers, in terms of sales. The expanding private and public infrastructure, in line with soaring number of large-scale construction projects has had a negative impact on the environment, thereby raising the need for car air purifiers. Mounting air pollution and related concerns across China, India, the U.S., and U.K., would also boost the adoption rate of car air purifiers over the ensuing period.  Booming sales of luxury vehicles, particularly in developing countries in line with the rising purchasing power of consumers should also benefit the global industry. To this end, high ef...
Read more

Key Space Battery Market Players, Strategies and Resources to Grow Your Company, 2030

Market overview    Space batteries are used for space applications such as the launching of vehicles, crew return vehicles, equipment, landers, rovers, and on the International Space Station. The space batteries are used as the energy storage devices or as a secondary source of power. There are a number of space missions that demand the use of space batteries. The companies are working towards the growth of high-speed Internet across the world by deploying satellites.   The lithium-ion batteries that are present in the space batteries that are durable and reliable. There has been a rise in the number of space missions around the world with companies that are planning to launch thousands of satellites by the year 2030, that have been deployed in the end of 2021. The designing of small batteries and the various space applications are some of the challenges that are faced by the market players in the global space battery market .   The global space batte...
Read more

Shoe Care Products Market Players, Type, Dynamics, and Industry Analysis by 2030

Market Research Future Insights According to MRFR analysis, the global shoe care products market is expected to register a CAGR of 3.3% from 2023 to 2030 and hold a value of over USD 0.69 billion by 2030. The Shoe Care Products Market growth promises good investment returns to investors during the continuing forecast period. Nonstop developments and their regular need is leading the market operations towards upright growth during the forecast period. The arrival of e-commerce has further the chain of benefits as it is an easier mode that gives the target audience reliable visions and accurate access to products based on their preference and taste. wearing brands is measured as a luxury amongst many global regions. Since the pandemic was presented to the world, luxury brands were facing practical restrictions owing to the lockdown and unattainability of skilled labor that hindered the quality goals of the market. Also, a decay in the purchasing power of people resulted in a halt...
Read more