Agriculture Micronutrients Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Agriculture Micronutrients Market: By Product Type (Chelated products, Non-chelated products), Micronutrient type (Iron, Copper, Zinc, Magnesium, Molybdenum, Manganese, Boron, Others), Crop type (Cereals, Oilseeds and pulses, Vegetables and fruits, Others), Mode of application ( Foliar, Soil, Fertigation) and Geography

 

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Report

Description

Global Agriculture Micronutrients Market was valued at USD 4.02 billion in 2021 and is anticipated to grow at USD 6.66 billion by 2028 recording a CAGR of 7.52% during the forecast period 2022-2028. Agriculture Micronutrients Market is the essential elements for plants, which are required in very small quantities. Micronutrients are the fundamental input in agriculture to improve the quality and yield of agriculture products. Most commonly used agriculture micronutrients include Boron, Zinc, Copper, Manganese, Iron, Molybdenum, Nickel, and among others. Micronutrients perform a different function for the development and growth of plant and required less than a pound per acre. Due to lack of these micronutrients, critical functions of the plant are limited and result in the plant abnormities, lower yield, and reduced growth of plant. Rise in global population and decrease in the arable land, increase in the soil deficiency due to soil and water pollution, rise in demand for biofuels, and growing demand for quality food products with better yields are fuelling the market. Moreover, innovation of newer products, shrinkage in agriculture land due to rise in population, and deficiency of micronutrients in agriculture land due to rise in usage of chemical fertilizers anticipated to propel the  market over the forecast period. However, lack of awareness regarding proper application and appropriate dosage of agriculture micronutrients in undeveloped countries and high cost of the products expected to restrain the market over the forecast period. In June 2017, Sumitomo Corporation collaborated with Roshini Crop Sciences Pvt Ltd. and launched Foliar Blend, which contains complex carbohydrates and other micronutrients in India. In March 2017, SUL4R-Plus, LLC expands its product line by launching the B+Z Fertilizer, a micronutrient product which contains Boron, Zinc, Calcium, and Sulfur


Global Agriculture Micronutrients Market

MARKET SUMMARY
-
7.52%
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 7.52%
  • Largest Market– North America
  • Fastest Growing Market– Europe

Agriculture Micronutrients Market

  • Agriculture Micronutrients Market gives historical, current, and future market sizes (US$ Bn) of product type and distribution channel and geographic regions.
  • This report studies market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market.
  • In addition, the market report includes regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition.
  • Moreover, PBI analyzed the market to better equip clients with possible investment opportunities across the regions (Regional Investment Hot-Spots) and market unmet needs (Product Opportunities).
  • Key stakeholders of the market report include suppliers, manufacturers, marketers, policy makers engaged in manufacturing and supply of Infant nutrition
Market Key Players
  • AkzoNobel N.V.
  • BASF SE
  • Agrium, Inc.
  • The Dow Chemical Company
  • The Mosaic Company
  • Novozymes
  • Sumitomo Corporation
  • Helena Chemical Company
  • Nufarm Ltd.
  • SUL4R-PLUS, LLC
  • ara International
  • Land O’Lakes, Inc.
Growth

Agriculture Micronutrients Market

The market is growing at a significant CAGR due to increase in the population demanding for high-quality food products. Moreover, efficiency of the soil is gradually decreasing due to pollution of water and soil with excessive use of fertilizers. Agriculture scientists are focusing on high product yields in less cultivation area, which is expected to propel the market. Moreover, increase in the R&D activities for the innovation of newer products, acquisition and mergers, product approvals and launchings, patent fillings, and collaborations are the strategies followed by agriculture industries to increase their revenue share. For instance, in June 2013, Novozymes acquired TJ Technologies Inc. for strengthening its position in bioagriculture including agriculture micronutrients product portfolio. In addition, Zero Gravity Solutions, Inc. received a U.S. patent for its product BAM-FX an agriculture micronutrient product, which increase the efficiency of fertilizers use.


North-America Got Significant Share

Agriculture Micronutrients Market

The market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America Market growing at significant rate owing to increase in the demand for quality food products, decrease in the arable land due to rise in population, increase in the use of genetically modified crops, and adoption of newer technologies for improving the yield of products. Europe Agriculture Micronutrients Market driven by rise in the soil and water pollution due to increase in the number of industries, high awareness in the farmers about the benefits of agriculture micronutrients, and increase in the R&D activities for the innovation of newer products. However, Asia Pacific Agriculture Micronutrients Market exhibiting significant growth, which is attributed to increase in disposable income, increase in the production of rice, fruits, vegetables, grains and sugar beet majorly in India and China, and growing micronutrient deficiency in soil in the region.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2016 to 2021) and forecast (2022 to 2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Agriculture Micronutrients Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content

1. Executive Summary

2. Global Agriculture Micronutrients Market Introduction

2.1. Global Agriculture Micronutrients Market – Taxonomy

2.2. Global Agriculture Micronutrients Market –Definitions

2.2.1. Product Type

2.2.2. Micronutrient Type

2.2.3. Crop Type

2.2.4. Mode of Application

3. Global Agriculture Micronutrients Market Dynamics

3.1. Drivers

3.2. Restraints

3.3. Opportunities/Unmet Needs of the Market

3.4. Trends

3.5. Global Agriculture Micronutrients Market Dynamic Factors – Impact Analysis

3.6. Global Agriculture Micronutrients Market – Competition Landscape

3.7. Epidemiology

4. Global Agriculture Micronutrients Market Analysis,2015 – 2019 and Forecast, 2020 – 2026

4.1. Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)

4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)

4.3. Market OpportunityAnalysis

5. Global Agriculture Micronutrients Market, By Product Type, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)

5.1. Chelated products

5.1.1. Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)

5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.1.3. Market Opportunity Analysis

5.2. Non-chelated products

5.2.1. Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)

5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.2.3. Market Opportunity Analysis

6. Global Agriculture Micronutrients Market Forecast, By Micronutrient Type,2015 – 2019 and Forecast, 2019 – 2026

6.1. Iron

6.1.1. Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)

6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

6.1.3. Market Opportunity Analysis

6.2. Copper

6.2.1. Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)

6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

6.2.3. Market Opportunity Analysis

6.3. Zinc

6.3.1. Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)

6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

6.3.3. Market Opportunity Analysis

6.4. Magnesium

6.4.1. Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)

6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

6.4.3. Market Opportunity Analysis

6.5. Molybdenum

6.5.1. Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)

6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

6.5.3. Market Opportunity Analysis

6.6. Manganese

6.6.1. Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)

6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

6.6.3. Market Opportunity Analysis

6.7. Boron

6.7.1. Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)

6.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

6.7.3. Market Opportunity Analysis

6.8. Others

6.8.1. Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)

6.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

6.8.3. Market Opportunity Analysis

7. Global Agriculture Micronutrients Market Forecast, By Crop Type, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)

7.1. Cereals

7.1.1. Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)

7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.1.3. Market Opportunity Analysis

7.2. Oilseeds and pulses

7.2.1. Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)

7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.2.3. Market Opportunity Analysis

7.3. Vegetables and fruits

7.3.1. Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)

7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.3.3. Market Opportunity Analysis

7.4. Others

7.4.1. Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)

7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.4.3. Market Opportunity Analysis

8. Global Agriculture Micronutrients Market Forecast, By Mode of Application, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)

8.1. Foliar

8.1.1. Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)

8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

8.1.3. Market Opportunity Analysis

8.2. Soil

8.2.1. Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)

8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

8.2.3. Market Opportunity Analysis

8.3. Fertigation

8.3.1. Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)

8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

8.3.3. Market Opportunity Analysis

9. Global Agriculture Micronutrients Market Forecast, By Region, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)

9.1. North America

9.1.1. Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)

9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

9.1.3. Market Opportunity Analysis

9.2. Europe

9.2.1. Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)

9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

9.2.3. Market Opportunity Analysis

9.3. Asia-Pacific

9.3.1. Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)

9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

9.3.3. Market Opportunity Analysis

9.4. Latin America

9.4.1. Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)

9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

9.4.3. Market Opportunity Analysis

9.5. Middle East and Africa

9.5.1. Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)

9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

9.5.3. Market Opportunity Analysis

9.6. Global Agriculture Micronutrients Market – Opportunity Analysis Index, By Product Type, By Micronutrient Type, By Crop Type, By Mode of Application and Region, 2020 – 2026

10. North America Agriculture Micronutrients MarketAnalysis,2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)

10.1. Product Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)

10.1.1. Chelated products

10.1.2. Non-chelated products

10.2. Micronutrient Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)

10.2.1. Iron

10.2.2. Copper

10.2.3. Zinc

10.2.4. Magnesium

10.2.5. Molybdenum

10.2.6. Manganese

10.2.7. Boron

10.2.8. Others

10.3. Crop Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)

10.3.1. Cereals

10.3.2. Oilseeds and pulses

10.3.3. Vegetables and fruits

10.3.4. Others

10.4. Mode of Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)

10.4.1. Foliar

10.4.2. Soil

10.4.3. Fertigation

10.5. Country Analysis 2016 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)

10.5.1. U.S.

10.5.2. Canada

10.6. North America Agriculture Micronutrients Market – Opportunity Analysis Index, By Product Type, By Micronutrient Type, By Crop Type, By Mode of Application and Region, 2020 – 2026

10.7. North America Agriculture Micronutrients Market Dynamics – Trends

11. Europe Agriculture Micronutrients Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)

11.1. Product Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)

11.1.1. Chelated products

11.1.2. Non-chelated products

11.2. Micronutrient Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)

11.2.1. Iron

11.2.2. Copper

11.2.3. Zinc

11.2.4. Magnesium

11.2.5. Molybdenum

11.2.6. Manganese

11.2.7. Boron

11.2.8. Others

11.3. Crop Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)

11.3.1. Cereals

11.3.2. Oilseeds and pulses

11.3.3. Vegetables and fruits

11.3.4. Others

11.4. Mode of Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)

11.4.1. Foliar

11.4.2. Soil

11.4.3. Fertigation

11.5. Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)

11.5.1. Germany

11.5.2. UK

11.5.3. France

11.5.4. Spain

11.5.5. Italy

11.5.6. Russia

11.5.7. Poland

11.5.8. Rest of Europe

11.6. Europe Agriculture Micronutrients Market – Opportunity Analysis Index, By Product Type, By Micronutrient Type, By Crop Type, By Mode of Application and Region, 2020 – 2026

11.7. Europe Agriculture Micronutrients Market Dynamics – Trends

12. Asia-Pacific Agriculture Micronutrients Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)

12.1. Product Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)

12.1.1. Chelated products

12.1.2. Non-chelated products

12.2. Micronutrient Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)

12.2.1. Iron

12.2.2. Copper

12.2.3. Zinc

12.2.4. Magnesium

12.2.5. Molybdenum

12.2.6. Manganese

12.2.7. Boron

12.2.8. Others

12.3. Crop Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)

12.3.1. Cereals

12.3.2. Oilseeds and pulses

12.3.3. Vegetables and fruits

12.3.4. Others

12.4. Mode of Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)

12.4.1. Foliar

12.4.2. Soil

12.4.3. Fertigation

12.5. Country Analysis2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)

12.5.1. Japan

12.5.2. China

12.5.3. India

12.5.4. ASEAN

12.5.5. Australia & New Zealand

12.5.6. Rest of Asia-Pacific

12.6. Asia-Pacific Agriculture Micronutrients Market – Opportunity Analysis Index, By Product Type, By Micronutrient Type, By Crop Type, By Mode of Application and Region, 2020 – 2026

12.7. Asia-PacificAgriculture Micronutrients Market Dynamics – Trends

13. Latin America Agriculture Micronutrients Market Analysis, 2012 – 2012 – 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)

13.1. Product Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)

13.1.1. Chelated products

13.1.2. Non-chelated products

13.2. Micronutrient Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)

13.2.1. Iron

13.2.2. Copper

13.2.3. Zinc

13.2.4. Magnesium

13.2.5. Molybdenum

13.2.6. Manganese

13.2.7. Boron

13.2.8. Others

13.3. Crop Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)

13.3.1. Cereals

13.3.2. Oilseeds and pulses

13.3.3. Vegetables and fruits

13.3.4. Others

13.4. Mode of Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)

13.4.1. Foliar

13.4.2. Soil

13.4.3. Fertigation

13.5. Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)

13.5.1. Brazil

13.5.2. Mexico

13.5.3. Argentina

13.5.4. Venezuela

13.5.5. Rest of Latin America

13.6. Latin America Agriculture Micronutrients Market – Opportunity Analysis Index, By Product Type, By Micronutrient Type, By Crop Type, By Mode of Application and Region, 2020 – 2026

13.7. Latin America Agriculture Micronutrients Market Dynamics – Trends

14. Middle East and Africa Agriculture Micronutrients Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)

14.1. Product Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)

14.1.1. Chelated products

14.1.2. Non-chelated products

14.2. Micronutrient Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)

14.2.1. Iron

14.2.2. Copper

14.2.3. Zinc

14.2.4. Magnesium

14.2.5. Molybdenum

14.2.6. Manganese

14.2.7. Boron

14.2.8. Others

14.3. Crop Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)

14.3.1. Cereals

14.3.2. Oilseeds and pulses

14.3.3. Vegetables and fruits

14.3.4. Others

14.4. Mode of Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)

14.4.1. Foliar

14.4.2. Soil

14.4.3. Fertigation

14.5. Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)

14.5.1. Gulf Cooperation Council (GCC) Countries

14.5.2. Israel

14.5.3. South Africa

14.5.4. Rest of MEA

14.6. MEA Agriculture Micronutrients Market – Opportunity Analysis Index, By Product Type, By Micronutrient Type, By Crop Type, By Mode of Application and Region, 2020 – 2026

14.7. MEA Agriculture Micronutrients Market Dynamics – Trends

15. Competition Landscape

15.1. Strategic Dashboard of Top Market Players

15.2. Company Profiles (Introduction, Financial Analysis, Drug Class& Service Offerings, Key Developments, Strategies, and SWOT Analysis)

15.2.1. AkzoNobel N.V. (Netherlands),

15.2.2. BASF SE (Germany)

15.2.3. Agrium, Inc. (Canada)

15.2.4. The Dow Chemical Company (U.S.)

15.2.5. The Mosaic Company (U.S.), Novozymes (Denmark)

15.2.6. Sumitomo Corporation (Japan)

15.2.7. Helena Chemical Company (U.S.)

15.2.8. Nufarm Ltd. (Australia)

15.2.9. SUL4R-PLUS, LLC (U.S.)

15.2.10. Yara International (Norway)

15.2.11. Land O’Lakes, Inc. (U.S.)

16. Research Methodology

17. Key Assumptions and Acronyms


Report

Company Profile

  • AkzoNobel N.V. (Netherlands)
  • BASF SE (Germany)
  • Agrium, Inc. (Canada)
  • The Dow Chemical Company (U.S.)
  • The Mosaic Company (U.S.)
  • Novozymes (Denmark)
  • Sumitomo Corporation (Japan)
  • Helena Chemical Company (U.S.)
  • Nufarm Ltd. (Australia)
  • SUL4R-PLUS, LLC (U.S.)
  • Yara International (Norway)
  • Land O’Lakes, Inc. (U.S.)

Description

Global Agriculture Micronutrients Market was valued at USD 4.02 billion in 2021 and is anticipated to grow at USD 6.66 billion by 2028 recording a CAGR of 7.52% during the forecast period 2022-2028. Agriculture Micronutrients Market is the essential elements for plants, which are required in very small quantities. Micronutrients are the fundamental input in agriculture to improve the quality and yield of agriculture products. Most commonly used agriculture micronutrients include Boron, Zinc, Copper, Manganese, Iron, Molybdenum, Nickel, and among others. Micronutrients perform a different function for the development and growth of plant and required less than a pound per acre. Due to lack of these micronutrients, critical functions of the plant are limited and result in the plant abnormities, lower yield, and reduced growth of plant. Rise in global population and decrease in the arable land, increase in the soil deficiency due to soil and water pollution, rise in demand for biofuels, and growing demand for quality food products with better yields are fuelling the market. Moreover, innovation of newer products, shrinkage in agriculture land due to rise in population, and deficiency of micronutrients in agriculture land due to rise in usage of chemical fertilizers anticipated to propel the  market over the forecast period. However, lack of awareness regarding proper application and appropriate dosage of agriculture micronutrients in undeveloped countries and high cost of the products expected to restrain the market over the forecast period. In June 2017, Sumitomo Corporation collaborated with Roshini Crop Sciences Pvt Ltd. and launched Foliar Blend, which contains complex carbohydrates and other micronutrients in India. In March 2017, SUL4R-Plus, LLC expands its product line by launching the B+Z Fertilizer, a micronutrient product which contains Boron, Zinc, Calcium, and Sulfur

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