Press release
Crop Micronutrients Market 2022 : Trends, Business Growth And Major Driving Factors | BASF SE, Akzo Nobel NV, Nutrien Ltd, Yara International ASA, The Mosaic Company, Aries Agro Limited
Crop Micronutrients Market
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The global crop micronutrients market report by the business research company identifies a developing soil micronutrient deficit to be a major growth driver for the crop micronutrients market. Micronutrient deficiency is the absence of vital vitamins and minerals that the body needs in minute amounts for healthy growth and development. Micronutrients are vital to plant nutrients that are present in tiny levels and aid in boosting the growth of new plants. According to a report published by the Center for Science and Environment (CSE) India, in 2022, there was nitrogen deficiency in 90% of the soil samples collected from 27 states. 85% of soil samples are deficient in organic carbon. Also, 15% contain low levels of organic carbon, and 49% of soil samples have low levels of organic carbon. Therefore, the developing soil micronutrient deficit is driving the growth of the crop micronutrient market.
The global crop micronutrients market size is expected to grow from $5.72 billion in 2021 to $6.28 billion in 2022 at a compound annual growth rate (CAGR) of 9.80%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The crop micronutrients market is expected to reach $9.03 billion in 2026 at a CAGR of 9.52%.
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Asia-Pacific was the largest region in the crop micronutrients market in 2021. North America is expected to be the fastest-growing region in the forecast period. The regions covered in crop micronutrients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Major players in the crop micronutrients market are BASF SE, Akzo Nobel NV, Nutrien Ltd, Yara International ASA, The Mosaic Company, Aries Agro Limited, Dow DuPont Inc, Western Nutrients Corporation, Nufarm Ltd, Coromandel International Limited, Haifa Group, Helena Agri-Enterprises LLC, Compass Minerals International Inc, and BMS Micro-Nutrients NV.
The global Crop Micronutrients market is segmented -
1) By Type: Zinc, Boron, Iron, Manganese, Molybdenum, Copper, Others
2) By Crop Type: Cereals & Grains, Fruits & Vegetables, Oilseeds & Pulses, Other
3) By Application: Fertigation, Soil, Foliar, Others
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The Crop Micronutrients Market Report Contents Include
1. Executive Summary
2. Crop Micronutrients Market Characteristics
3. Crop Micronutrients Market Trends And Strategies
4. Crop Micronutrients Market - Macro Economic Scenario
5. Crop Micronutrients Market Size And Growth
....
27. Crop Micronutrients Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Crop Micronutrients Market
29. Crop Micronutrients Market Future Outlook and Potential Analysis
30. Appendix
This report covers the trends and market dynamics of the Crop Micronutrients market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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