Micronutrients Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2019 and Forecast 2020-2026

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Micronutrients Market By Type (Zinc, Boron, Iron, Manganese, Molybdenum, Others (Chlorine and Nickel)), By Crop (Cereals & grains, Oilseeds & pulses, Fruits & vegetables, Others (Turfs, ornamentals, plantation crops, forages, and fiber crops)), By Form (Chelated and Non-Chelated), By Application (Soil, Foliar, Fertigation, Others (Seed treatment, trunk injection, and implantation)), and Geography

 

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Description

Global Micronutrients Market

The global micronutrients market is expected to be valued at US$ 3,587.2 million in market and growing at a CAGR of 7.5% over the forecast period by 2026. It has been estimated with a significant growth with the help of key driver like improve uniformity and quality in crop yield. There are resistant which may hamper the growth of global micronutrients market, farmers are unable to gauge the appropriate quantity to be injected into the soil due to lack of standardized permissible levels established by regulatory agencies. Various opportunity is provided by increasing micronutrients utility in greater quantities to meet the global cereals and food & vegetables demand

 

Increasing Cultivation and Requirements for High Vegetable Yield

It is noticed that increase cultivation and requirements for high vegetable yield help in the significant growth of global micronutrients market. According to the FAO, the global production levels of the fruits and the vegetables has raised from 108 hundred metric tons in 2007 to 141 hundred metric tons in 2017 due to the increase in population and demand for vegetables. Hence a micronutrient is required in large scale to sustain this because of their properties like Zinc as an antioxidant to prevent cancer and for maintaining ideal hormone levels. All these contribute towards the growth of global micronutrients market.

 

Asia Pacific Dominates the Market Share in the Global Micronutrient Market

Asia Pacific contributed major revenue followed by North America and Europe. In 2019, Asia Pacific accounted huge growth rate and is anticipated to grow with a forecast year. The emerging countries like China and India is the key variable for increasing agricultural yield on perspective of global micronutrient market. North America lead with the help of depletion of arable land and rising food demand. Increasing vegan population in Europe coupled with high awareness regarding nutrient rich diet are the factors boosting the global micronutrient market.

 

Competition Assessment

Key player’s profiles in the global micronutrient market include:

  • BASF SE (Germany)
  • AkzoNobel (Netherlands)
  • Nutrien, Ltd. (Canada)
  • Yara International ASA (Norway)
  • The Mosaic Company (US)
  • Compass minerals international (US)
  • Valagro (Italy)
  • Tradecorp International (Spain)
  • Gujarat State Fertilizers & Chemicals (India)
  • Coromandel International Ltd (US)

 

Key Developments

  • Market players have witnessed the strategic collaboration and acquisition to expand product portfolio and strengthen their position in the market to enhance the revenue of the company.
  • In August 2018, BASF closed the acquisition of businesses and a range of assets from Bayer, which would help the company to strengthen the market position in agricultural solutions.
  • In April 2018, AkzoNobel Specialty Chemicals entered into a co-operation agreement with INEOS Nitriles, which allowed AkzoNobel to expand its production of biodegradable chelates used in detergents and other industries by utilizing one of INEOS Nitriles¡¯ chemical products

 

Global Micronutrient Report Description:

Global micronutrient market report gives comprehensive outlook on micronutrient market across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report on global micronutrient market gives historical, current, and future market sizes on the basis of type, crop, form, application and region. This report studies global micronutrient market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global micronutrient market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global micronutrient 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 global market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global micronutrient market

 

Key Findings of the Report:

  • Global micronutrient market expanding at significant CAGR over 2020 to 2026 owing due to increasing cultivation and requirements for high vegetable yield
  • Based on region, North America accounted for larger market revenue share in 2019 and projected gain market revenue share over the forecast period
  • Players focusing on innovation of newer products and collaboration strategies to retain market position in global market.

 

Key Features of the Report:

  •  The report provides granular level information about the market size, regional market share, historic market (2015-2019) and forecast (2020-2026)
  • 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

 

Detailed Segmentation

  By Type

  • Zinc
  • Boron
  • Iron
  • Manganese
  • Molybdenum
  • Others (Chlorine and Nickel)

 By Crop

  • Cereals & grains
  • Oilseeds & pulses
  • Fruits & vegetables
  • Others (Turfs, ornamentals, plantation crops, forages, and fiber crops)

By Form

  • Chelated
  • Non-Chelated

By Application

  • Soil
  • Foliar
  • Fertigation
  • Others (Seed treatment, trunk injection, and implantation)

 

By Geography

 

North America

  • USA
  • Canada

Europe

  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
  • Poland
  • Rest of Europe

Asia-Pacific

  • Japan
  • China
  • India
  • Australia & New Zealand
  • ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Argentina
  • Venezuela
  • Rest of Latin America

Middle East and Africa (MEA)

  • Gulf Cooperation Council (GCC) Countries
  • Israel
  • South Africa
  • Rest of MEA


Location

GEOGRAPHY

PBI Location Map

Competition Assessment

Key player’s profiles in the global micronutrient market include:

    • BASF SE (Germany)
    • AkzoNobel (Netherlands)
    • Nutrien, Ltd. (Canada)
    • Yara International ASA (Norway)
    • The Mosaic Company (US)
    • Compass minerals international (US)
    • Valagro (Italy)
    • Tradecorp International (Spain)
    • Gujarat State Fertilizers & Chemicals (India)
    • Coromandel International Ltd (US)

Table of Content

  1. Executive Summary
  2. Global Micronutrients Market Introduction
    • Global Micronutrients Market – Taxonomy
    • Global Micronutrients Market –Definitions
      • Type
      • Crop
      • Application
      • Form
  1. Global Micronutrients Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Micronutrients Market Dynamic Factors – Impact Analysis
    • Global Micronutrients Market – Competition Landscape
  2. Global Micronutrients Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026
    • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global Micronutrients Market, By Type, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Zinc
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Boron
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Iron
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Manganese
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Molybdenum
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Micronutrients Market Forecast, By Crop, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Cereals & grains
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Oilseeds & pulses
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Fruits & vegetables
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Micronutrients Market Forecast, By Application, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Soil
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Foliar
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Fertigation
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Micronutrients Market Forecast, By Form, 2015 – 2019 and Forecast, 2020 – 2026
    • Chelated
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Non-Chelated
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Micronutrients Market Forecast, By Region, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Micronutrients Market – Opportunity Analysis Index, By Type, Crop, Application, Form and Region, 2020 – 2026
  2. North America Micronutrients Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Zinc
      • Boron
      • Iron
      • Manganese
      • Molybdenum
      • Others
    • Crop Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Cereals & grains
      • Oilseeds & pulses
      • Fruits & vegetables
      • Others
    • Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Soil
      • Foliar
      • Fertigation
      • Others
    • Form Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Chelated
      • Non-Chelated
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • USA
      • Canada
    • North America Micronutrients Market – Opportunity Analysis Index, By Type, Crop, Application, Form and Country, 2020 – 2026
    • North America Micronutrients Market Dynamics – Trends
  3. Europe Micronutrients Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Zinc
      • Boron
      • Iron
      • Manganese
      • Molybdenum
      • Others
    • Crop Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Cereals & grains
      • Oilseeds & pulses
      • Fruits & vegetables
      • Others
    • Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Soil
      • Foliar
      • Fertigation
      • Others
    • Form Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Chelated
      • Non-Chelated
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Poland
      • Rest of Europe
    • Europe Micronutrients Market – Opportunity Analysis Index, By Type, Crop, Application, Form and Country, 2020 – 2026
    • Europe Micronutrients Market Dynamics – Trends
  4. Asia-Pacific Micronutrients Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Zinc
      • Boron
      • Iron
      • Manganese
      • Molybdenum
      • Others
    • Crop Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Cereals & grains
      • Oilseeds & pulses
      • Fruits & vegetables
      • Others
    • Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Soil
      • Foliar
      • Fertigation
      • Others
    • Form Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Chelated
      • Non-Chelated
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Asia-Pacific Micronutrients Market – Opportunity Analysis Index, By Type, Crop, Application, Form and Country, 2020 – 2026
    • Asia-Pacific Micronutrients Market Dynamics – Trends
  5. Latin America Micronutrients Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Zinc
      • Boron
      • Iron
      • Manganese
      • Molybdenum
      • Others
    • Crop Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Cereals & grains
      • Oilseeds & pulses
      • Fruits & vegetables
      • Others
    • Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Soil
      • Foliar
      • Fertigation
      • Others
    • Form Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Chelated
      • Non-Chelated
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
    • Latin America Micronutrients Market – Opportunity Analysis Index, By Type, Crop, Application, Form and Country, 2020 – 2026
    • Latin America Micronutrients Market Dynamics – Trends
  6. Middle East and Africa Micronutrients Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Zinc
      • Boron
      • Iron
      • Manganese
      • Molybdenum
      • Others
    • Crop Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Cereals & grains
      • Oilseeds & pulses
      • Fruits & vegetables
      • Others
    • Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Soil
      • Foliar
      • Fertigation
      • Others
    • Form Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Chelated
      • Non-Chelated
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Micronutrients Market – Opportunity Analysis Index, By Type, Crop, Application, Form and Country, 2020 – 2026
    • MEA Micronutrients Market Dynamics – Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Aptamer Type & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • BASF SE (Germany)
      • AkzoNobel (Netherlands)
      • Nutrien, Ltd. (Canada)
      • Yara International ASA (Norway)
      • The Mosaic Company (US)
      • Compass minerals international (US)
      • Valagro (Italy)
      • Tradecorp International (Spain)
      • Gujarat State Fertilizers & Chemicals (India)
      • Coromandel International Ltd (US).
  1. Research Methodology
  2. Key Assumptions and Acronyms

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