Agricultural Micronutrients Market was worth USD 6.9 Billion in 2021 and is expected to reach USD 10.3 Billion by 2026 with a CAGR of 8.28 %. The market is growing at a huge rate due to rising soil deficiencies and increasing demand for high-quality yields.
Micronutrients are supplements required by organisms throughout life in little amounts to coordinate a range of physiological functions. Micronutrients are essential for the growth of the plants and play an important role in balanced crop protection. Deficiency of Micronutrients results in withering of buds in crops, yellowing of leaves, health hazards and eventually results in the decline of crop productivity.
Drivers & Restraints:
Rising demand for food and increasing demand for standard quality and continuous yield because of a 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.
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REPORT METRIC |
DETAILS |
|
Market Size Available |
2021 – 2026 |
|
Base Year |
2020 |
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Forecast Period |
2022 - 2027 |
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CAGR |
8.28% |
|
Segments Covered |
By Type, Mode of Application, Form, Crop Type, and Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
|
Market Leaders Profiled |
BASF SE, Mosaic, and Cheminova, Agrium Inc., Aries Agro Ltd., Coromandel International Ltd., Yara International, Valagro, Gujarat State Fertilizers & Chemicals, Tradecorp International, AkzoNobel. |
Chelated
Based on crop type:
The zinc segment is expected to grow at the highest CAGR because of the growing demand for zinc in food. Cereals are the highest growing segment around the world owing to continuous technological advancements and growing demand for cereals.
Agricultural Micronutrients Market Regional Analysis:
Asia-Pacific is the largest market globally and continues to dominate the world throughout the forecast period owing to the high demand for nutritious food, increasing investment in the agricultural sector and management of crop production costs.
Key Players:
Some of the key players operating in the global market are BASF SE, Mosaic, and Cheminova, Agrium Inc., Aries Agro Ltd., Coromandel International Ltd., Yara International, Valagro, Gujarat State Fertilizers & Chemicals, Tradecorp International, AkzoNobel.
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 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
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.
8.4 Aries Agro Ltd.
8.5 Coromandel International Ltd.
8.6 Yara International
8.7 Valagro
8.8 Gujarat State Fertilizers & Chemicals
8.9 Tradecorp International
8.10 AkzoNobel
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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