The Global Micronutrient Fertilizers Market is expected to reach a market value of USD 6291.3 million by 2022, from an estimated USD 3922.2 million in 2016, at a CAGR of 8.2% during 2017-2022.
Micronutrient fertilizer requirement varies from region to region according to the soil structure, climate and plant types. These nutrients are naturally, abundantly present in soil and are sometimes derived as the impurities in fertilizers and pesticides. However, the depletion of nutrients in the soil, due to adoption of modern crop production technologies, like multiple cropping, intercropping and use of high yielding crop varieties, has led to a greater demand for micronutrient-based fertilizers in agriculture. North America and Asia-Pacific, together, account for more than 70% of the global micronutrient fertilizer demand. The largest market growth is projected to be seen in Asia-Pacific, led by countries like China and India.
The global micronutrient fertilizer market is growing at an encouraging rate given the increasing occurrence of soil and micronutrient depletion across the regions. As the natural availability of micronutrients is declining, it is paving the way for higher market growth of micronutrient-based fertilizers. The issue of food security, along with shrinking farm lands, further necessitates the usage and application of micronutrient fertilizers in fields. Low acceptance and lack of product knowledge among the farming community are the major hindering factors affecting the demand. Product and application innovation, based on region-specific needs, and growing awareness regarding upgraded agricultural practices involving environment-friendly intensive farming would help the industry to penetrate further into developing regions.
The report provides a detailed analysis of the nutrient-source, which is broadly segmented into zinc, iron, copper, molybdenum, manganese, boron and other micronutrients like chlorine, nickel and cobalt. Zinc is considered to be the major deficient micronutrient all over the world and this is the most consumed fertilizer among micronutrients. These fertilizers are available in two forms, chelated and non-chelated. Non-chelated fertilizers are the most common as they are more stable and easily soluble. In case of product application, grains and cereal crops amount to most of the demand, globally.

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The report will answer the following key questions:
1. Who are the major manufacturers of micronutrient fertilizers globally?
2. What are the types and applications of micronutrient fertilizers? What is the market share of each type and application?
3. What are the key market trends driving the growth of the micronutrient fertilizers market?
4. What are the micronutrient fertilizers market challenges to market growth?
5. What are the micronutrient fertilizers market opportunities and threats faced by the vendors in the global market?

Objective of Studies:
1. To provide market analysis for the Global Micronutrient Fertilizers Market, with region-specific assessments and competition analysis on global and regional scales.
2. To provide market definition, along with the identification of key drivers and restraints.
3. Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
4. Extensively researched competitive landscape section with profiles of major companies, along with their market share.
5. Identification and analysis of the macro and micro factors that affect the Global Micronutrient Fertilizers Market on both global and regional scales.
6. A comprehensive list of key market players, along with the analysis of their current strategic interests and key financial information.
7. A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
8. Insights on the major countries/regions where this industry is growing and identify the regions that are still untapped.
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