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Agricultural Micronutrients Market Top Key Players - BASF SE, The Mosaic Company, Nouryon, Nutrien Ltd., Nufarm, Yara International, AkzoNobel, Coromandel International, Helena Agri-Enterprises, LLC, Haifa Group, Compass Minerals, Deepak Fertilizers, Petr
Factors such as increasing usage of fertilizers because of rising micronutrient deficiency in soil and implementation of favorable Government regulations become the key benefactors for the growth of the agricultural micronutrients market.
Crop growers place a premium on soil health since it is one of the most important aspects of plant growth and development. Farms that have fertile soils have productive farms. Agricultural inputs such as soil amendments and micronutrients are becoming increasingly popular as a result.
In addition, many farmers see soil health as a means of preserving the land for future generations. Aside from soil health, home gardening is becoming increasingly popular around the world. Horticultural crops are the most popular among home gardeners due to their nutritional value.
The COVID-19 pandemic has increased the amount of people who desire to raise their own food at home. As a result, the expanding trend of home gardening and the increased emphasis on soil health would raise the demand for micronutrients.
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Geographically, during the projected period, APAC has the greatest agricultural land and it led the Agricultural Micronutrients market from upfront. India and China, for example, are key actors in this region. Rice, sugar beet, fruits and vegetables, cereals, and grains are among the major crops grown in Asia; the region consumes 90% of the world's rice.
The direct use of micronutrients to address plant shortages has created a great need for Agricultural Micronutrients in Asia Pacific, and they are frequently sprayed in combination or as additives.
The gradual loss of arable land in countries like the United States and Mexico, which raises demand for specialist products like micronutrient fertilizer blends, can be connected to North America's strong regional expansion.
Some of the major agricultural micronutrients companies profiled in the report include BASF SE, The Mosaic Company, Nouryon, Nutrien Ltd., Nufarm, Yara International, AkzoNobel, Coromandel International, Helena Agri-Enterprises, LLC, Haifa Group, Compass Minerals, Deepak Fertilizers, Petrochemicals Ltd, Valagro S.p.A., BMS Micro-Nutrients, The Mosaic Company, Indian Farmers Fertilizer Cooperative Limited, SAPEC S.A., and other players.
The global agricultural micronutrients market is segmented into type, end use, form, mode of application, and region. Based on type, the market is divided intonon-agricultural cereal and grains, fruits and vegetables, oilseeds and pulses, and other crop types. Non-agricultural division is further segmented into corn, wheat, rice, and other cereals & grains. The division oilseeds and pulses are subdivided into soybean, canola, and others.
Other crop types include turfs, ornamentals, plantation crops, forages, and fiber crops. Based on form, the market is bifurcated into chelated and non-chelated. Based on the mode of application, it is categorized into foliar, fertigation, soil, seed treatment, trunk injection and implantation, and hydroponics.
The global agricultural micronutrients market is analyzed across into North America (the United States, Canada), Europe (Germany, the United Kingdom, France, Italy, Spain and the rest of Europe), Asia-Pacific (China, India, Japan, Australia, and the rest of Asia-Pacific),Latin America (Brazil, Mexico, Argentina), The Middle East and Africa (South Africa, UAE, Rest of Middle East& Africa).
Key Insights of Agricultural Micronutrients Market
• The report examines the existing and emerging trends and dynamics in the worldwide agricultural micronutrients market.
• The global agricultural micronutrients market research study examines the market in depth, focusing on key areas like competitive landscape, type, crop type, form, and application mode.
• Increased fertilizer use, which protects crops from insects and UV radiation while also increasing yield, is expected to boost the market for agricultural micronutrients.
• On the basis of technology, micronutrient insufficiency has been confirmed in several soils, increasing the demand for micronutrients reciprocated with advance technology.
• On the basis of government policies, emerging nations like India, China, and US aided by strong governmental and international organizational support pave a better avenue to acquire greater market shares.
• On the basis of region, the rising demand from applications such as tomato, citrus, soybean, and others lead to the dominance of Asia-Pacific region in the agricultural micronutrients market.
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