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 – By Type:
Zinc
North America Agricultural Micronutrients Market – By Mode of Application:
North America Agricultural Micronutrients Market – By Form:
North America Agricultural Micronutrients Market – By Crop Type:
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.
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 United States
6.3 Canada
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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