Why the Agricultural Micronutrients Market is set to explode? Top Companies: The Mosaic Company, Dow, Yara International, Agrium and more

The global agricultural micronutrients market will derive growth from the emphasis on the development of low-cost nutrient enhancing products. According to a report by Fortune Business Insights, titled "Agricultural Micronutrients Market Size, Share & Industry Analysis, By Type (Zinc, Iron, Copper, Manganese, Boron, Molybdenum, Others), By Mode of Application (Foliar, Fertigation, Soil), By Crop Type (Cereals, Oilseeds & Pulses, Fruits & Vegetables, Others) and Regional Forecast, 2019-2026," the market will rise considerably driven by the influx of product innovations in recent years.

Some of the key players covered in the Agricultural Micronutrients Market report include

o The Mosaic Company
o Dow
o Yara International
o Agrium
o Land O'Lakes, Inc.
o Coromandel International Limited

Agricultural micronutrients are substances that are used to enhance the overall crop produce. Lack of micronutrients may lead to poor crop output. The primary micronutrients that are required for proper plant growth are zinc, copper, manganese, iron, molybdenum, and boron. The huge potential held by these products is consequential to their ability to stimulate several functions of plants. The availability of these products at affordable prices will have a direct impact ton the growth of the market in the coming years.

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Recent product innovations have led to a wider product adoption. Accounting to the huge potential held by this market, major companies are focused on adopting mergers and acquisitions (M&As). The increasing number of company mergers and acquisitions will constitute an increase in the overall agricultural micronutrients market size in the forthcoming years.

The report provides an in-depth analysis of the global agricultural micronutrients market. It highlights the latest product launches and recent innovations in the market and states their impact on the growth of the market. Forecast values have been provided for the market for the period of 2019-2026. The factual figures have been obtained through trusted sources. Moreover, these predictions are made on the basis of extensive research analysis methods, coupled with the opinions of experienced market research professionals. The competitive landscape has been discussed in detail and predictions are made with respect to leading companies and products in the coming years.

Dow India's Nutribuild is Among the Major Products of Recent Times

The increasing investment on the research and development of newer products have made a huge impact on the growth of the market in recent years. With a bid to establishing a stronghold in the market, several companies have come up with innovative products. The healthy market competition will contribute to the growth of the market. In August 2016, Dow India announced the launch of 'Nutribuild', a product that was developed for soil enrichment.

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The company claims that the product is inclusive of numerous micronutrient that are supposedly included for the first time in any micronutrient across the world. The report analyzes a few of the major product launches of recent years and gauges their impact on the global market.

Major Segments includes:

By Type

o Zinc
o Iron
o Copper
o Manganese
o Boron
o Molybdenum
o Others

By Mode of Application

o Foliar
o Fertigation
o Soil

By Crop Type

o Cereals
o Oilseeds & Pulses
o Fruits & Vegetables
o Others

Asia Pacific Likely to Lead the Market; Favourable Government Policies to Aid Growth

The market is segmented on the basis of regional demographics into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, the market in Asia Pacific is projected to dominate the market in the coming years. The presence of several large scale companies and their efforts taken to maximize the use of micronutrients in crops will aid the growth of the market in this region. Besides this, the cultivation of prominent crops in leading countries such as India and China will fuel the demand for micronutrients in these countries.

Industry Developments:

August 2018: Mosaic India, announced the launch of K Mag, a naturally occurring fertilizer. The product is said to possess 22%, 18%, and 20% of potassium, magnesium, and sulphur concentration respectively.

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