Micronutrients Market Size Analysis, DROT, PEST, Porter’s, Region & Country Forecast Till 2028

The global Micronutrients market research report published by Reports and Data is a comprehensive assessment of the Micronutrients industry with regards to key companies in the market, market size, share, revenue, demand, drivers, restraints, regional bifurcation, segments and sub-segments of the market. The study evaluates the market from various dimensions to deliver an end-product that is accurate, reliable, informative, and elaborate and includes detailed market segmentation, regional analysis, and competitive landscape of the Micronutrients market.
Additionally, the diminishing proportion of the arable land in major economies and the growing levels of contamination in the soil are projected to add traction to the market growth. Micronutrients play a crucial role in the growth and metabolism of plants, and subsequently, humans and animals. They are projected to have an impact on the immune system and reduce the risks of cancer and other severe illnesses in humans. This has boosted the shift of consumers towards a nutrient-dense diet, which is, in turn, projected to drive the market growth in the forecast timeframe.

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The increasing need for high crop yield, more use of synthetic fertilizers, and the reduction in the content of micronutrients available for the plants are estimated to bolster the growth of the market in the timeframe. Additionally, the amalgamation of fertilizers and micronutrients has led to a reduction in costs and allowed the uniform distribution of micronutrients. This is further estimated to bolster the market growth in the timeline.

Major Players Of This Market –
Inc., BASF SE, Aries Agro Ltd., Coromandel International Ltd., Yara International, Valagro, Gujarat State Fertilizers & Chemicals, AkzoNobel, Tradecorp International, Mosaic, and Cheminova.

Key Highlights from the Report:
• Zinc is projected to observe a significant growth in the market in the estimated timeframe accredited to the increasing deficiency of zinc in the soil and the important role of zinc in plant growth and development.
• The hydroponics segment is estimated to register a significantly high growth rate in the projected period attributed to its rapid adoption in agricultural practices due to the rapidly declining availability of cultivable land.
• The soil segment is forecast to grow at a rapid rate in the timeframe owing to its easy-to-use and cost-efficient applications. The increasing preference of this mode by the farmers coupled with the expanding use of conventional agricultural equipment is projected to further drive the segment’s growth.
• The chelated form is projected to observe considerable growth in the timeframe owing to the increasing need to enhance micronutrients’ efficiency in the soil, increasing development of innovative chelated micronutrients, and the high stability of chelated micronutrients.
• The fruits and vegetable segment is projected to record substantial growth in the estimated timeframe owing to increasing consumption of fruits and vegetables, consumer shift to a vegetarian diet, and escalating demand for nutrition-dense crops.
• North America is projected to grow at a substantial rate in the timeframe accredited to the escalating decrease in the area of agricultural land. The increasing awareness among the farmers regarding crop nutrition, the presence of major manufacturers, and extensive R&D activities in the region are contributing to the market growth.

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For the purpose of this report, Reports and Data has segmented the global Micronutrients Market based on Crop Type, Type, and Region:

Type Outlook (Revenue, USD Billion; 2018-2028)
• Zinc
• Molybdenum
• Boron
• Manganese
• Others

Form Outlook (Revenue, USD Billion; 2018-2028)
• Chelated
• Non-chelated

Application Outlook (Revenue, USD Billion; 2018-2028)
• Soil
• Hydroponics
• Foliar

End-user Outlook (Revenue, USD Billion; 2018-2028)
• Cereals
• Fruits & Vegetables
• Pulses & Oilseeds
• Others

Regional Outlook (Revenue, USD Billion; 2018-2028)
• North America
o U.S
o Canada
o Mexico
• Europe
o Germany
o U.K.
o Italy
o France
o BENELUX
o Rest of Europe
• Asia Pacific
o China
o Japan
o South Korea
o India
o Rest of APAC
• Latin America
o Brazil
o Rest of LATAM
• Middle East & Africa
o Saudi Arabia
o U.A.E.
o South Africa
o Rest of MEA

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/micronutrients-market

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