Middle East and Africa agricultural micronutrients market is expected to reach USD was worth USD 1.49 billion in 2024 and reach USD 2.12 billion by 2029, growing at a CAGR of 7.31% from 2024 to 2029. Market is expected to increase during the forecast period because of untapped potential in this region.
Agricultural micronutrients are those nutrients that are required in smaller amounts than other plant nutrients in a crop to obtain a better yield. These include chloride (Cl), iron (Fe), boron (B), copper (Cu), molybdenum (Mo), manganese (Mn), and zinc (Zn). Hence, these are essential elements for plant growth. This region is likely to witness steady gains during the forecast period as North Africa is witnessing advancements in farming technologies.
Factors such as rising demand for food and increasing demand for standard quality and continuous yield because of growing population, depleting arable land are the driving the market. Factors such as 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 limiting the markets.
This research report on the Middle East and African agricultural disinfectants market is segmented and sub-segmented into the following categories.
Middle East and Africa Agricultural Micronutrients Market – By Type:
Middle East and Africa Agricultural Micronutrients Market – By Mode of Application:
Middle East and Africa Agricultural Micronutrients Market – By Form:
Middle East and Africa Agricultural Micronutrients Market – By Crop Type:
The zinc segment is expected to grow at the highest CAGR because of the growing demand for zinc in food. Cereals is the highest growing segment around the world owing to continuous technological advancements and growing demand for cereals.
Middle East and Africa Agricultural Micronutrients Market – By Country:
Geographically, this market is further segmented in to Middle East and Africa. This region has untapped market potential and is gaining the interest of market leaders.
KEY MARKET PLAYERS:
Major companies operating in this 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.
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