Europe Agricultural Micronutrients Market was worth USD 2.42 billion in 2020 and is expected to reach USD 4.06 billion by 2025 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.
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.
Market Segmentation:
Europe Agricultural Micronutrients Market is segmented based on
Based on Type, Market is segmented into Zinc, Boron, Copper, Manganese, Molybdenum, Iron, cobalt and others. Based on Mode of Application, Market is segmented into Soil, Fertigation, seed treatment, Foliar and Others. Based on Form, Market is segmented into Chelated and Non-Chelated Agricultural Micronutrients. Chelated agricultural micronutrients are further segmented into 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). Based on crop type, the market is segmented into Fruits and Vegetables, Cereals, Pulses and oilseeds and 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. 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.
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Mode of Application
5.1.1 Introduction
5.1.2 Soil
5.1.3 Foliar
5.1.4 Fertigation
5.1.5 Seed Treatment
5.1.6 Others
5.1.7 Y-o-Y Growth Analysis, By Mode of Application
5.1.8 Market Attractiveness Analysis, By Mode of Application
5.1.9 Market Share Analysis, By Mode of Application
5.2 Form
5.2.1 Introduction
5.2.2 Chelated
5.2.2.1 Ethylenediaminetetraacetic Acid
5.2.2.2 Diethylene Triamine Pentaacetic Acid
5.2.2.3 Ethylenediamine Di-2-Hydroxyphenyl Acetate
5.2.2.4 D,L-Aspartic Acid N-(1,2-Dicarboxyethyl) Tetrasodium Salt
5.2.2.5 Hydroxybenzyl Ethylenediamine Diacetic Acid
5.2.3 Non Chelated
5.2.4 Y-o-Y Growth Analysis, By Form
5.2.5 Market Attractiveness Analysis, By Form
5.2.6 Market Share Analysis, By Form
5.3 Type
5.3.1 Introduction
5.3.2 zinc
5.3.3 Copper
5.3.4 Manganese
5.3.5 Molybdenum
5.3.6 Iron
5.3.7 Cobalt
5.3.8 Boron
5.3.9 Others
5.3.10 Y-o-Y Growth Analysis, By Type
5.3.11 Market Attractiveness Analysis, By Type
5.3.12 Market Share Analysis, By Type
5.4 Crop Type
5.4.1 Introduction
5.4.2 Fruits & Vegetables
5.4.3 Cereals
5.4.4 Pulses and Oilseeds
5.4.5 Others
5.4.6 Y-o-Y Growth Analysis, By Crop Type
5.4.7 Market Attractiveness Analysis, By Crop Type
5.4.8 Market Share Analysis, By Crop Type
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Mode of Application
6.1.3.3 By Form
6.1.3.4 By Type
6.1.3.5 By Crop Type
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Mode of Application
6.1.4.3 By Form
6.1.4.4 Type
6.1.4.5 By Crop Type
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Mode of Application
6.1.5.3 By Form
6.1.5.4 By Type
6.1.5.5 By Crop Type
6.2 U.K
6.3 Spain
6.4 Germany
6.5 Italy
6.6 France
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 BASF SE
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Mosaic and Cheminova
8.3 Agrium Inc.
