Agricultural Micronutrients Market Report 2020 | Global Industry Size, Trends, Growth, Analysis, Demand, 2026 Forecast

According to IMARC Group’s latest report, titled “Agricultural Micronutrients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global agricultural micronutrients market grew at a CAGR of around 8% during 2015-2020.

Boron, iron, zinc, molybdenum and manganese are some of the commonly used agricultural micronutrients.

They are utilized to increase the yield and quality of agricultural products and are found in non-chelated and chelated forms.

Micronutrients are mixed with dry and liquid fertilizers to provide uniform distribution of nutrients and promote plant metabolism.Request for a PDF sample of this report: https://www.imarcgroup.com/agricultural-micronutrients-market/requestsampleThe global agricultural micronutrients market is primarily being driven by the rising incidences of micronutrient deficiency in the soil.

Other factors, including the widespread utilization of fertilizers enriched with micronutrients for protection against insects and ultraviolet (UV) radiations, along with the implementation of favorable government policies promoting the use of environment-friendly agrochemicals, are anticipated to drive the market toward growth.

Looking forward, IMARC Group expects the global agricultural micronutrients market to exhibit moderate growth during the next five years.As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.Competitive Landscape with Key Players:ATP Nutrition (Concentric Agriculture Inc.)Balchem CorporationBASF SECompass Minerals InternationalCoromandel International Ltd. (Murugappa Group and EID Parry)Corteva Inc.Helena Agri-Enterprises LLC (Marubeni Corporation)Nufarm Canada, Stoller USA Inc.The Mosaic CompanyValagro SpA (Syngenta Crop Protection AG)Yara International ASAZuari Agro Chemicals Ltd.Market Segmentation:Breakup by Type:ZincBoronIronManganeseMolybdenumOthersBreakup by Crop Type:CerealsPulses and OilseedsFruits and VegetablesOthersBreakup by Form:ChelatedNon-ChelatedBreakup by Application:SoilFoliarFertigationOthersBreakup by Region:North America (United States, Canada)Europe (Germany, France, United Kingdom, Italy, Spain, Others)Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)Latin America (Brazil, Mexico, Others)Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/agricultural-micronutrients-marketWe are updating our reports, If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc.

The United Nations Department of Economic and Social Affairs (UNDESA) forecasts that the global population will reach around 9.7 billion by 2050, and it could further surge to approximately 11 billion by 2100.

The population boom will create an excessive demand for food crops in the forthcoming years.

The population explosion would, therefore, put immense pressure on the agriculture community to augment the volume of the crops produced.

To keep up with the mounting pressure, farmers are already using agriculture micronutrients in abundance.Additionally, the burgeoning demand for horticulture and high-value crops, such as fruits, vegetables, nuts, and ornamental crops, will aid the agricultural micronutrients market in advancing at a CAGR of 7.5% during 2018–2023.

Horticulture crops require a larger volume of micronutrients, on a per hectare basis, as compared to other agronomic crops.Zinc, boron, iron, manganese, and molybdenum are the most-commonly used micronutrients by farmers.

In recent years, the agricultural community has shown the highest preference for zinc as it promotes plant growth, increases the yield of agronomic crops, and improves disease control.

The global agricultural micronutrients market will derive growth from the emphasis on the development of low-cost nutrient enhancing products.

According to a report by Fortune Business Insights, titled “Agricultural Micronutrients Market Size, Share & Industry Analysis, By Type (Zinc, Iron, Copper, Manganese, Boron, Molybdenum, Others), By Mode of Application (Foliar, Fertigation, Soil), By Crop Type (Cereals, Oilseeds & Pulses, Fruits & Vegetables, Others) and Regional Forecast, 2019-2026,” the market will rise considerably driven by the influx of product innovations in recent years.Agricultural micronutrients are substances that are used to enhance the overall crop produce.

The primary micronutrients that are required for proper plant growth are zinc, copper, manganese, iron, molybdenum, and boron.

The huge potential held by these products is consequential to their ability to stimulate several functions of plants.

The increasing number of company mergers and acquisitions will constitute an increase in the overall agricultural micronutrients market size in the forthcoming years.The report provides an in-depth analysis of the global agricultural micronutrients market.

Moreover, these predictions are made on the basis of extensive research analysis methods, coupled with the opinions of experienced market research professionals.

Therefore, with the change in time globally, micronutrients adaptation has increased for crop production and growth.

In addition to this factors such as increased chemical fertilizer, mining of micronutrients, and extensive irrigation facilities propel the global micronutrient market.

Micronutrients support an increasing level of crop production with less harmful impacts on the environment.

The micronutrient market can broadly be segmented into boron, iron, copper, manganese, molybdenum, zinc, cobalt, and chromium based on product types.

According to our research zinc segment is anticipated to hold the highest market due to the increasing number of benefits offered.

And transportation problem also had a significant impact up and down the fertilizer chain.Renub Research latest report “Global Agricultural Micronutrients Market by Products (Boron, Copper, Iron, Manganese, Molybdenum, Zinc, & Others), Forms (Chelated, Non-Chelated), Crops (Cereals, Food & Vegetables, Pulses & Oil seeds, Others), Regions (North America, Europe, Asia – Pacific, South–America, Rest of World), Company Analysis (The Mosaic Company, Yara International, Nutrien Limited, BASF SE, Nufarm)” provides a complete analysis of Crop Micronutrients Industry.Follow the link for the full report with detailed TOC and list of figures and tables: https://www.renub.com/agricultural-micronutrients-market-p.phpProduct Types – Market breakup from 7 Viewpoints• Boron• Copper• Iron• Manganese• Molybdenum• Zinc• OtherForm Types - Market breakup from 2 Viewpoints• Chelated• Non-ChelatedCrop Types - Market breakup from 4 Viewpoints• Cereals• Food& Vegetables• Pulses & Oil seeds• OthersRegions - Market breakup from 5 Viewpoints• North America• Europe• Asia - Pacific• South – America• Rest of WorldAll companies have been covered from 3 viewpoints• Overviews• Recent Developments• RevenuesCompany Analysis• The Mosaic Company• Yara International• Nutrien Limited• BASF SE• NufarmAbout the Company:Renub Research is a Market Research and Consulting Company.