The North America Crop Micronutrient market size was around USD 2.6 billion in 2021. It is expected to grow at a CAGR of 8.7% to reach USD 4.42 billion by 2026. It captures 25% of the global market.
Crop micronutrients are significant elements that a crop requires for its growth. Unavailability of micronutrients hamper the critical functions of crops, leading to abnormality, reduced yield and slow growth.
Drivers and Restraints of North America Crop Micronutrient Market:
This market is growing in accordance with the rising soil deficiency and growing demand for biofuels. Moreover, the growing need for effective fertilizers owing to poor soil quality and high demand for quality and uniform yield because of the growing population worldwide are anticipated to drive the growth of the market. Inadequate awareness among farmers and critical application doses of micronutrients are the primary factors restraining market growth.
North America Crop Micronutrient Market - By Type:
Zinc
North America Crop Micronutrient Market - By Crop Type:
North America Crop Micronutrient Market - By Form:
North America Crop Micronutrient Market - By Application:
Geographical Analysis:
By geography the market is segmented into
Major Key Players:
Key players in the market include Yara International (Norway), The Mosaic Company (US), Land O’Lakes (US), BASF (Germany), Dow Chemical (US), Agrium (Canada), AkzoNobel (Netherlands), Helena Chemical Company (US), and Nufarm (Australia).
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