Latest Agricultural Micronutrients Market by Type (Zinc, Boron, Iron, Manganese, Molybdenum, and Copper), Mode of Application (Soil, Foliar, and Fertigation), Form (Chelated and Non-Chelated micronutrients), Crop Type and Region

The Agricultural Micronutrients research report explains the competitive hierarchy of this global Agricultural Micronutrients market by analyzing key strategies of companies operating in the market and their impact analysis. Here, the competitive landscape is because of market suppliers, numerous sales channels, and revenue share. Moreover, the report offers an overview of the market’s determined vendors and the major market players. It also highlights the market value, growth rate, and key players operating the Agricultural Micronutrients market.

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The global market for agricultural micronutrients is estimated at USD 4.3 Billion in 2022; it is projected to grow at a CAGR of 8.6% to reach USD 6.4 Billion by 2027.

The report provides a comprehensive analysis of company profiles listed below:

  • BASF SE (Germany)
  • Nutrien, Ltd. (Canada)
  • Yara International ASA (Norway)
  • AkzoNobel (Netherlands)
  • The Mosaic Company (US)
  • Nufarm (Australia)
  • Corteva Inc. (US)
  • Balchem (US)
  • Sapec S.A. (Belgium)
  • Coromandel International Ltd (India)
  • Land O’ Lakes (US)
  • Compass Minerals International (US)
  • Haifa Group (Israel)
  • Helena Chemical Company (US)
  • ATP Nutrition (Canada)
  • Stoller Enterprises (US)
  • Baicor LC (US)
  • Valagro (Italy)
  • Zuari Agrochemicals Ltd. (India)
  • BMS-Micro-Nutrient NV (Belgium)

“The zinc segment, is accounted for the highest share by type in the agricultural micronutrients market throughout the forecasted period”

Zinc is one of the most essential micronutrients required by plants in small quantities. Sandy soil, highly leached acid soil and soils having poor organic content, show low zinc contents. The symptoms of zinc deficiency include reduced height, interveinal chlorosis, and brown spots on upper leaves. Zinc deficiency is the most common problem witnessed globally, mainly for cereals and grains, hence the demand for zinc as a micronutrient is high in the agricultural micronutrients market

“The fruits & vegetables segment by crop type is estimated to account for the largest market share in the global agricultural micronutrients market”

Agricultural micronutrients are gaining importance among the fruits & vegetable growers because of their beneficial nutritional support and at the same time, ensure better harvest and returns. Zinc deficiency commonly affects fruits such as banana, custard apple and mangoes. In citrus production, the molybdenum deficiency called as yellow spot is commonly observed. Hence proper plant nutrition is essential for the proper growth of fruits & vegetables globally

“Foliar application segment, by mode of application is projected to be the largest segment in the agricultural micronutrients market during the forecast period.”

Foliar mode of application is widely used for the application of micronutrients, particularly iron and manganese, for various crops. It is mostly used for fruits, vegetables, and flower crops. Foliar spraysare advantageous to meet the internal demand of micronutrients during flowering when soil moisture and temperature is not favorable for growth of the crop.

Non-chelated application segment, by form is projected to be the largest segment in the agricultural micronutrients market during the forecast period.”

Non-chelated micronutrients are more widely used than chelated ones, as they are easily available and inexpensive. These micronutrients are marketed in the form of sulfates, such as zinc sulfate, iron sulfate, and copper sulfate. However, there is an increasing awareness among farmers about the benefits of chelated micronutrients, as they offer enhanced nutrient efficiency and improved absorption as compared to non-chelated micronutrients

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Competitive Landscape of Agricultural Micronutrients Market:

1 Overview
2 Market Share Analysis
3 Key Player Strategies
4 Revenue Analysis Of Key Players
5 Covid-19-Specific Company Response
5.1 Yara International Asa
5.2 Nutrien Ltd
5.3 The Mosaic Company
6 Company Evaluation Quadrant (Key Players)
6.1 Dynamic Differentiators
6.2 Innovators
6.3 Visionary Leaders
6.4 Emerging Companies
7 Start-Up/Sme Evaluation Quadrant
7.1 Progressive Companies
7.2 Starting Blocks
7.3 Responsive Companies
7.4 Dynamic Companies
8 Product Footprint
9 Competitive Scenario
9.1 New Product Launches
9.2 Deals
9.3 Others

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