North America Agricultural Micronutrients Market By Type (Zinc, Boron, Copper, Manganese, Molybdenum, Iron, Cobalt And Others), Mode Of Application (Soil, Fertigation, Seed Treatment, Foliar And Others), Form (Chelated (EDTA, DTPA, EDDHA, IDHA, HBED), Non-Chelated), Crop Type (Fruits And Vegetables, Cereals, Pulses And Oilseeds And Others), And By Region - Industry Analysis, Share, Size, Growth, Trends, And Forecasts (2024 to 2029).

Updated On: January, 2024
ID: 1742
Pages: 145

North America Agricultural Micronutrients Market Size, Growth, Trends and Forecast:

North America Agricultural Micronutrients Market was worth USD 3.29 billion in 2021 and is expected to reach USD 5.89 billion by 2026 with a CAGR of 8.0%. Micronutrients are used to grow crops that meet export quality standard. Micronutrients plays a crucial part in maintaining balanced crop protection and is also essential for the growth of the plants. These micro-nutrients are also important in facilitating plant functions and also in enhancing root strength, sugar translocation, and overall plant immunity. Deficiency of Micronutrients results in withering of buds in crops, yellowing of leaves, health hazards and eventually results in the decline of crop productivity.

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

North America Agricultural Micronutrients Market Segmentation:

North America Agricultural Micronutrients Market – By Type:

  • Zinc

  • Boron
  • Copper
  • Manganese
  • Molybdenum
  • Iron
  • Cobalt
  • others

North America Agricultural Micronutrients Market – By Mode of Application:

  • Soil, Fertigation
  • Seed treatment
  • Foliar
  • Agricultural Micronutrients

North America 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

North America Agricultural Micronutrients Market – By Crop Type:

  • Fruits and Vegetables
  • Cereals
  • Pulses
  • Oilseeds and others

Zinc segment is expected to grow at the highest CAGR because of the growing demand for zinc in the food. Cereals are 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 US and Canada. The U.S. and Canada use advanced agricultural techniques, which help them deliver quality agricultural produce that meets international export standards.

Key Players:

This report also provides detailed marketing and development strategies used by key players such as 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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