Europe Agricultural Micronutrients Market

Europe Agricultural Micronutrients Market Size, Growth, Trends and Forecast:

Europe Agricultural Micronutrients Market was worth USD 2.42 billion in 2021 and is expected to reach USD 4.06 billion by 2026 with a CAGR of 7.8 %. European Market is estimated to grow at a significant pace because of its mature market and increased awareness among farmers.

Micronutrients are essential components which are used by plants in small quantities. Quality and Yield of agricultural products are increased with micronutrients application, so the human and animal health is protected with the feed of enrichment plant materials. These essential elements can perform its role in plant nutrition properly that other essential elements are maintained at proper ratio.

Drivers and Restraints of Europe Agricultural Micronutrients Market:

Rising demand for food and increasing demand for standard quality and continuous yield because of growing population, depleting arable land are the major factors driving the market. Lack of awareness among farmers in developing regions, high cost, lack of awareness about an appropriate quantity to be injected into the soil due to lack of standardized levels established by regulatory agencies are the major restraints of the markets.

Europe Agricultural Micronutrients Market Segmentation:

Europe Agricultural Micronutrients Market – By Type:

• Zinc

• Boron
• Copper
• Manganese
• Molybdenum
• Iron
• cobalt
• others

Europe Agricultural Micronutrients Market – By Mode of Application:

• Soil
• Fertigation
• seed treatment
• Foliar
• Others

Europe Agricultural Micronutrients Market – By Form:

• Chelated
  • Ethylenediaminetetraacetic Acid (EDTA)
  • Diethylene Triamine Pentaacetic Acid (DTPA)
  • Ethylenediamine Di-2-Hydroxyphenyl Acetate (EDDHA)
  • D,L-Aspartic Acid N-(1,2-Dicarboxyethyl) Tetrasodium Salt (IDHA)
  • Hydroxybenzyl Ethylenediamine Diacetic Acid(HBED)
• Non-Chelated Agricultural Micronutrients

Europe Agricultural Micronutrients Market – By Crop Type:

• Fruits and Vegetables
• Cereals
• Pulses
• oilseeds
• others

Zinc segment is expected to grow at highest CAGR because of growing demand for zinc in the food. Cereals is the highest growing segment around the world owing to continuous technological advancements and growing demand for cereals.

Geographical Analysis:

Geographically, this market is further segmented in to UK, France, Italy, Spain and Germany.

Key Players:

Some of the major players in the market are Agrium Inc., BASF SE, Mosaic and Cheminova, Aries Agro Ltd., Coromandel International Ltd., Yara International, Valagro, AkzoNobel, Gujarat State Fertilizers & Chemicals, Tradecorp International.