Micronutrient Fertilizers Industry 2021: Global Analysis, Plant Nutrition, Latest Trends till 2028

Micronutrient such as iron, manganese, zinc, boron, molybdenum and copper, etc. are essential for plant growth and soil health. Micronutrient fertilizers are used to protect the soil against the deficiency of micronutrients. Micronutrients fertilizers provide a remedial solution to soil degradation. Soil degradation may occur due to greater removal from the soil, intensive liming of soil, intensive drainage of the soil, higher use of nitrogenous, phosphatic and potassic fertilizers, etc.

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Certain crops are highly responsive to specific micronutrient fertilizers; for example, cotton is highly responsive to boron while rye has low responsiveness towards boron. Thus usage of micronutrient fertilizers can be different as per the crops. Micronutrients can be of different form such as chelated and non-chelated. Micronutrients are extensively used for various crop types such as grains and cereals, oilseeds and pulses and others.

The increase in soil degradation due to extensive cultivation and shrinking farmland will drive the micronutrient fertilizers market. Additionally, the growing demand for the high-value crops like fruits and vegetable will further entice the demand growth for the micronutrient fertilizers market. Predominantly, limited product availability may hamper the micronutrient fertilizers market. However, increasing investment for agricultural operation in developing countries will create opportunities for micronutrient fertilizers market.

The micronutrient fertilizers market is segmented on the basis of type, form, crop type, function. On the basis of type, the micronutrient fertilizers market is segmented into, zinc, manganese, copper, boron, molybdenum, iron, other types. On the basis of form, the micronutrient fertilizers market is segmented into, chelated, non - chelated. On the basis of crop type, the micronutrient fertilizers market is segmented into, grains and cereals, oilseeds and pulses, fruits and vegetables, other crop types. On the basis of function, the micronutrient fertilizers market is segmented into, soil, foliar, fertigation, other functions.

Top Companies are:

1.ATP Nutrition Ltd
2.BASF SE
3.Coromandel International Limited
4.FMC Corporation
5.Haifa Group
6.Sapec Group
7.The Mosaic Company
8.Valagro Spa
9.Wolf Trax
10.Yara International ASA

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