Global Agricultural Micronutrients Market Size, Share, Growth & Trends Analysis Report By Type (Zinc, Copper, Iron, Manganese, Boron, Molybdenum and Others) By Form (Chelated and Non-Chelated) By Crop Type (Cereals & Grains, Fruits & Vegetables, Oilseeds & Pulses and Others) And Regional Market Intelligence & Forecast, 2019-2025
Date: Jan-2019 | Id: MACRC-0001 | Geographical Scope: Global | Publisher: MACRC
“Global Agricultural Micronutrients Market was valued at USD 5.62 Billion in the year 2017 and is expected to reach approximately USD 10.24 Billion by 2025, at CAGR 7.8% from 2019 to 2025.”
Introduction
Nutrient antagonism and synergism play an important role in plant nutrients, which has an extensive effect on the overall yield. Deficiency of micronutrients may result in yellowing of leaves, withering of buds, health hazards which directly effect on crop productivity. Farmers are mainly focusing on maximizing crop production by providing micronutrients to the crops, which can further reduce crop input costs. Micronutrients are used by humans in micro quantities to treat deficiencies in plants and crops. The growing demand for contract farming in improving productivity is enforcing to fuel the demand for micronutrient products.
The agricultural Micronutrients market is segmented on the basis of type, by form, by crop type, and by region. By type, the agricultural micronutrients market is sub-segmented as zinc, copper, iron, manganese, boron, molybdenum and others. Due to increasing demand for antioxidant and to maintain ideal hormone levels, Zinc micronutrient is expected to witness high growth. Chelated and non-chelated are the form of agriculture micronutrients market. The non-chelated segment is expected to hold the largest market share due to its high demand and cost-effectiveness. By crop type, the agricultural micronutrients market is fragmented by cereals & grains, fruits & vegetables, oilseeds & pulses, and others. Among crop type, cereals & grains is estimated to hold the largest market share and will grow at the highest CAGR due to rise consumption of food.
Market Dynamics
Major factors driving the growth of agriculture micronutrients market is the growing need for high-quality crops and increasing focus on agriculture activities. However, low awareness about micronutrients products, diagnosis issues, and micronutrient toxicity is hindering the growth of agriculture micronutrients market. Farmers are unable to gauge the appropriate quantity to be injected into the soil due to lack of awareness. This factor is expected to hinder global market growth. Nonetheless, the inclination of consumer towards nutrient-rich food will surge the demand for agriculture micronutrients market in the next years.
Geographical Outlook
The global agricultural micronutrients market has been segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific has held the largest share for agricultural micronutrients market in 2017, especially in China and India. High awareness about nutrient-rich diet among consumers is expected to drive the growth of agricultural micronutrients market in Europe. In North America, depletion of arable land in the U.S. is expected to gain traction for agricultural micronutrients market. Due to emerging farming technology and increasing agriculture yield, Middle East & Africa is predicted to witness significant growth.
Market Segmentation
On the Basis of Type
On the Basis of Form
Key Players
Some of the key players operating in the global agricultural micronutrients market are AkzoNobel N.V., The Dow Chemical Company, Agrium, FMC, Land O’lakes, Yara International, Coromandel International, BASF SE, Nufarm Ltd, and others.
Key questions addressed by the report:
a) What are the growth trends and the largest revenue-generating region for agricultural micronutrients market?
b) What are the key trends and dynamics existing in the market?
c) How competitive is the market?
d) What are the emerging trends?
e) What are the global opportunities in the agricultural micronutrients market?
f) Who are the major market players in the agricultural micronutrients market?
g) Which geographical region is holding major potential for new entrants?
Introduction
Nutrient antagonism and synergism play an important role in plant nutrients, which has an extensive effect on the overall yield. Deficiency of micronutrients may result in yellowing of leaves, withering of buds, health hazards which directly effect on crop productivity. Farmers are mainly focusing on maximizing crop production by providing micronutrients to the crops, which can further reduce crop input costs. Micronutrients are used by humans in micro quantities to treat deficiencies in plants and crops. The growing demand for contract farming in improving productivity is enforcing to fuel the demand for micronutrient products.
The agricultural Micronutrients market is segmented on the basis of type, by form, by crop type, and by region. By type, the agricultural micronutrients market is sub-segmented as zinc, copper, iron, manganese, boron, molybdenum and others. Due to increasing demand for antioxidant and to maintain ideal hormone levels, Zinc micronutrient is expected to witness high growth. Chelated and non-chelated are the form of agriculture micronutrients market. The non-chelated segment is expected to hold the largest market share due to its high demand and cost-effectiveness. By crop type, the agricultural micronutrients market is fragmented by cereals & grains, fruits & vegetables, oilseeds & pulses, and others. Among crop type, cereals & grains is estimated to hold the largest market share and will grow at the highest CAGR due to rise consumption of food.
Market Dynamics
Major factors driving the growth of agriculture micronutrients market is the growing need for high-quality crops and increasing focus on agriculture activities. However, low awareness about micronutrients products, diagnosis issues, and micronutrient toxicity is hindering the growth of agriculture micronutrients market. Farmers are unable to gauge the appropriate quantity to be injected into the soil due to lack of awareness. This factor is expected to hinder global market growth. Nonetheless, the inclination of consumer towards nutrient-rich food will surge the demand for agriculture micronutrients market in the next years.
Geographical Outlook
The global agricultural micronutrients market has been segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific has held the largest share for agricultural micronutrients market in 2017, especially in China and India. High awareness about nutrient-rich diet among consumers is expected to drive the growth of agricultural micronutrients market in Europe. In North America, depletion of arable land in the U.S. is expected to gain traction for agricultural micronutrients market. Due to emerging farming technology and increasing agriculture yield, Middle East & Africa is predicted to witness significant growth.
Market Segmentation
On the Basis of Type
- Zinc
- Copper
- Iron
- Manganese
- Boron
- Molybdenum
- Others
On the Basis of Form
- Chelated
- Non-Chelated
- Cereals & Grains
- Fruits & Vegetables
- Oilseeds & Pulses
- Others
Key Players
Some of the key players operating in the global agricultural micronutrients market are AkzoNobel N.V., The Dow Chemical Company, Agrium, FMC, Land O’lakes, Yara International, Coromandel International, BASF SE, Nufarm Ltd, and others.
Key questions addressed by the report:
a) What are the growth trends and the largest revenue-generating region for agricultural micronutrients market?
b) What are the key trends and dynamics existing in the market?
c) How competitive is the market?
d) What are the emerging trends?
e) What are the global opportunities in the agricultural micronutrients market?
f) Who are the major market players in the agricultural micronutrients market?
g) Which geographical region is holding major potential for new entrants?
Chapter1. Methodology and Scope 1.1. Research Methodology 1.2. Research Scope & Assumptions 1.3. List of Data Sources 1.4. List of Abbreviations Chapter 2. Executive Summary 2.1. Agricultural Micronutrients Market - Industry Snapshot 2.2. Agricultural Micronutrients Market Chapter 3. Customer Care BPO Industry Outlook 3.1. Market Segmentation 3.2. Value Chain Analysis 3.3. Market Dynamics 3.3.1. Market driver analysis 3.3.2. Market restraint analysis 3.3.3. Market opportunity analysis 3.4. Penetration & Growth Prospects Mapping 3.5. Industry Analysis - Porter’s Five Forces Analysis 3.6. PESTEL Analysis Chapter 4. Agricultural Micronutrients Market: By Micronutrients Type (USD Billion) 4.1. Zinc 4.2. Copper 4.3 Iron 4.4 Manganese 4.5 Boron 4.6 Molybdenum 4.7 Others Chapter 5. Agricultural Micronutrients Market: By Form (USD Billion) 5.1. Chelated 5.2. Non-Chelated Chapter 6. Agricultural Micronutrients Market: By Crop Type (USD Billion) 6.1 Cereals & Grains 6.2 Fruits & Vegetables 6.3 Oilseeds & Pulses 6.4 Others Chapter 7. Agricultural Micronutrients Market: Regional Outlook 7.1. Agricultural Micronutrients Market Estimates & Forecasts 7.2. North America 7.2.1. Market estimates and forecasts 7.2.2. Market estimates and forecasts, By Type 7.2.3. Market estimates and forecasts, By Form 7.2.4. Market estimates and forecasts, By Crop Type 7.2.4. U.S. 7.2.4.1. Market estimates and forecasts 7.2.4.2. Market estimates and forecasts, By Type 7.2.4.3. Market estimates and forecasts, By Form 7.2.4.4 Market estimates and forecasts, By Crop Type 7.2.5. Canada 7.2.5.1. Market estimates and forecasts 7.2.5.2. Market estimates and forecasts, By Type 7.2.5.3. Market estimates and forecasts, By Form 7.2.5.4 Market estimates and forecasts, By Crop Type 7.3. Europe 7.3.1. Market estimates and forecasts 7.3.2. Market estimates and forecasts, By Type 7.3.3. Market estimates and forecasts, By Form 7.3.4 Market estimates and forecasts, By Crop Type 7.3.4. U.K. 7.3.4.1. Market estimates and forecasts 7.3.4.2. Market estimates and forecasts, By Type 7.3.4.3. Market estimates and forecasts, By Form 7.3.4.4 Market estimates and forecasts, By Crop Type 7.3.5. Germany 7.3.5.1. Market estimates and forecasts 7.3.5.2. Market estimates and forecasts, By Type 7.3.5.3. Market estimates and forecasts, By Form 7.3.5.4 Market estimates and forecasts, By Crop Type 7.3.6. France 7.3.6.1. Market estimates and forecasts 7.3.6.2. Market estimates and forecasts, By Type 7.3.6.3. Market estimates and forecasts, By Form 7.3.6.4 Market estimates and forecasts, By Crop Type 7.4. Asia Pacific 7.4.1. Market estimates and forecasts 7.4.2. Market estimates and forecasts, By Type 7.4.3. Market estimates and forecasts, By Form 7.4.4 Market estimates and forecasts, By Crop Type 7.4.4. China 7.4.4.1. Market estimates and forecasts 7.4.4.2. Market estimates and forecasts, By Type 7.4.4.3. Market estimates and forecasts, By Form 7.4.4.4. Market estimates and forecasts, By Crop Type 7.4.5. India 7.4.5.1. Market estimates and forecasts 7.4.5.2. Market estimates and forecasts, By Type 7.4.5.3. Market estimates and forecasts, By Form 7.4.5.4. Market estimates and forecasts, By Crop Type 7.4.6. Japan 7.4.6.1. Market estimates and forecasts 7.4.6.2. Market estimates and forecasts, By Type 7.4.6.3. Market estimates and forecasts, By Form 7.4.6.4. Market estimates and forecasts, By Crop Type 7.4.7. Singapore 7.4.7.1. Market estimates and forecasts 7.4.7.2. Market estimates and forecasts, By Type 7.4.7.3. Market estimates and forecasts, By Form 7.4.7.4. Market estimates and forecasts, By Crop Type 7.5. Latin America 7.5.1. Market estimates and forecasts 7.5.2. Market estimates and forecasts, By Type 7.5.3. Market estimates and forecasts, By Form 7.5.4 Market estimates and forecasts, By Crop Type 7.5.5. Brazil 7.5.5.1. Market estimates and forecasts 7.5.5.2. Market estimates and forecasts, By Type 7.5.5.3. Market estimates and forecasts, By Form 7.5.5.4. Market estimates and forecasts, By Crop Type 7.6.5. Mexico 7.6.5.1. Market estimates and forecasts 7.6.5.2. Market estimates and forecasts, By Type 7.6.5.3. Market estimates and forecasts, By Form 7.6.5.4. Market estimates and forecasts, By Crop Type 7.7. Middle East & Africa 7.7.1. Market estimates and forecasts 7.7.2. Market estimates and forecasts, By Type 7.7.3. Market estimates and forecasts, By Form 7.7.4. Market estimates and forecasts, By Crop Type Chapter 8. Competitive Landscape 8.1. Akzonobel N.V. 8.1.1. Company overview 8.1.2. Financial performance 8.1.3. Product benchmarking 8.1.4. Recent developments 8.2 The DOW Chemical Company 8.2.1. Company overview 8.2.2. Financial performance 8.2.3. Product benchmarking 8.2.4. Recent developments 8.3. Agrium 8.3.1. Company overview 8.3.2. Financial performance 8.3.3. Product benchmarking 8.3.4. Recent developments 8.4. FMC 8.4.1. Company overview 8.4.2. Financial performance 8.4.3. Product benchmarking 8.4.4. Recent developments 8.5. Land O’lakes 8.5.1. Company overview 8.5.2. Financial performance 8.5.3. Product benchmarking 8.5.4. Recent developments 8.6. Yara International 8.6.1. Company overview 8.6.2. Financial performance 8.6.3. Product benchmarking 8.6.4. Recent developments 8.7. Coromandel International 8.7.1. Company overview 8.7.2. Financial performance 8.7.3. Product benchmarking 8.7.4. Recent developments 8.8. BASF SE 8.8.1. Company overview 8.8.2. Financial performance 8.8.3. Product benchmarking 8.8.4. Recent developments 8.9. Nufarm Ltd 8.9.1. Company overview 8.9.2. Financial performance 8.9.3. Product benchmarking 8.9.4. Recent developments
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