A Demand on Agriculture Micronutrients Market due to Limited Plant Yield and for Better Quality Products

Micronutrients are the essential elements for plants, which are required in very small quantities. Micronutrients are the fundamental input in agriculture to improve the quality and yield of agriculture products. Due to lack of these micronutrients, critical functions of the plant are limited and result in the plant abnormities, lower yield, and reduced growth of plant.

Rise in global population and decrease in the arable land, increase in the soil deficiency due to soil and water pollution, rise in demand for biofuels, and growing demand for quality food products with better yields are fueling the agriculture micronutrients market. Moreover, innovation of newer products, shrinkage in agriculture land due to rise in population, and deficiency of micronutrients in agriculture land due to rise in usage of chemical fertilizers anticipated to propel the agriculture micronutrients market. However, lack of awareness regarding proper application and appropriate dosage of agriculture micronutrients in undeveloped countries and high cost of the products expected to restrain the agriculture micronutrients market.

• The global agriculture micronutrients market is segmented on the basis of product type, disease type, end users and geography
• The global agriculture micronutrients market is expected to reach XX USD Mn by 2024 with a growing CAGR of XX% from 2018 to 2024
• The report covers in-detail insights about the competitor’s overview, key findings and their key strategies

The global Agriculture micronutrients market is divided into following categories-
1. Product type
• Chelated products
• Non-chelated products
2. Micronutrient type
• Iron
• Copper
• Zinc
• Magnesium
• Molybdenum
• Manganese
• Boron
• Others
3. Crop type
• Cereals
• Oilseeds and pulses
• Vegetables and fruits
• Others
4. Mode of application
• Foliar
• Soil
• Fertigation

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Geographically agriculture micronutrients market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

North America Micronutrients Market growing at significant rate owing to increase in the demand for quality food products, increase in the use of genetically modified crops, and adoption of newer technologies for improving the yield of products.

Europe Micronutrients market driven by rise in the soil and water pollution due to increase in the number of industries, high awareness in the farmers about the benefits of agriculture micronutrients, and increase in the R&D activities for the innovation of newer products.

However, Asia Pacific Micronutrients market exhibiting significant growth, which is attributed to increase in disposable income, increase in the production of rice, fruits, vegetables, grains and sugar beet majorly in India and China, and growing micronutrient deficiency in soil in the region.

Some of the key players in agriculture micronutrients market are AkzoNobel N.V. (Netherlands), BASF SE (Germany), Agrium, Inc. (Canada), The Dow Chemical Company (U.S.), Novozymes (Denmark), Sumitomo Corporation (Japan), Helena Chemical Company (U.S.), SUL4R-PLUS, LLC (U.S.), Yara International (Norway), and Land O’Lakes, Inc. (U.S.) to name a few.

Some of the market development include Sumitomo Corporation collaborated with Roshini Crop Sciences Pvt Ltd. In 2017 and launched Foliar Blend, which contains complex carbohydrates and other micronutrients in India

Global Agriculture micronutrients market is growing at a significant CAGR due to increase in the population demanding for high-quality food products. Agriculture scientists are focusing on high product yields in less cultivation area, which is expected to propel the agriculture micronutrients market. Moreover, increase in the R&D activities for the innovation of newer products, acquisition and mergers, product approvals and launchings, patent fillings, and collaborations are the strategies followed by agriculture industries to increase their revenue share in agriculture micronutrients market.

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Key Questions Answered
• What is the current and future agriculture micronutrients market outlook worldwide? What trends are affecting the global market?
• What is the competitive landscape and market share of major players in the agriculture micronutrients globally?
• What are the key, high growth markets that agriculture micronutrients manufacturers should expand into? Which market segments are growing the fastest?
• What are the unmet needs with the agriculture micronutrients currently on the market? How will emerging technologies fulfil these unmet needs?
• What is physician perception and market outlook of agriculture micronutrients?
• What are the challenges and barriers that have hindered widespread adoption of agriculture micronutrients?

Reasons to buy agriculture micronutrients market Report:
• Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
• Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
• A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

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