Global Agricultural Micronutrients Market Trends, Size, Forecast - 2019-2025


Posted July 28, 2020 by pooja1919

The global agricultural micronutrients market is growing at a significant CAGR of more than 8.4% during the forecast period (2019-2025).

 
The global agricultural micronutrients market is growing at a significant CAGR of more than 8.4% during the forecast period (2019-2025). Crop improvement is being considered as a flourishing area in the agriculture industry due to the shift towards a scientific approach in the agriculture technologies, rising concerns of poor crop yield and irregular reaping process of flowers and vegetables. Agricultural micronutrients play a role in improving the crop yield and enhancing the nutrients content of the crops. The substantial growth in funding the US and other countries is propelling the market of the global agricultural micronutrients market during the forecast period. Additionally, the market is being supported by products and research projects developed by companies operating in the agriculture industry. Companies such as BASF SE are procuring license agreements to develop micronutrients for agriculture products.

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In addition, some other pivotal factors that drive the agricultural micronutrients market growth include increasing deficiency of micronutrients in the crops, supportive government policies, and rising focus for escalating crop production and quality. With the development of biodegradable chelates, the market for agricultural micronutrients is further expected to grow in the near future. However, the lack of awareness regarding the advantages of micronutrients for crops and booming organic fertilizer industry are some factors that are restarting the growth of the market across the globe.

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Global Agricultural Micronutrients Market Segmentation

By Micronutrients

Zinc

Boron

Iron

Manganese

Others (Copper and Molybdenum)

By Crop Type

Pulses and Oilseeds

Fruits and Vegetables

Cereals

Others (Floriculture)

By Application

Seed Treatment

Soil

Fertigation

Foliar

Others (Hydroponics)

Regional Analysis

North America

United States

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe

Asia-Pacific

China

India

Japan

Rest of Asia-Pacific

Rest of the World

Company Profiles

AgroLiquid

AgXplore International, LLC

Akzo Nobel N.V.

Aries Agro Ltd.

ATP Nutrition Ltd.

Balchem Corp.

BASF SE

BMS Micro-Nutrients NV

Compass Minerals International, Inc.

COMPO EXPERT GmbH

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Issued By Mr. Anurag Tiwari
Country India
Categories Business
Last Updated July 28, 2020