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Crop Micronutrients Market Share, Size, Growth, Worth, Trends, Scope, Revenue 2032
Crop Micronutrients Global Market
Crop Micronutrients Market Size, Growth Rate, And Forecast
The global crop micronutrients market size grew from $6.33 billion in 2022 to $7.08 billion in 2023 at a compound annual growth rate (CAGR) of 11.9%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The crop micronutrients market size is expected to grow to $10.37 billion in 2027 at a CAGR of 10.0%.
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Crop Micronutrients Market Drivers
Developing soil micronutrient deficit is expected to propel the growth of the crop micronutrient market going forward. 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.
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Crop Micronutrients Market Segments
1) By Type: Zinc, Boron, Iron, Manganese, Molybdenum, Copper, Other Types
2) By Crop Type: Cereals & Grains, Fruits & Vegetables, Oilseeds & Pulses, Othe Cropr
3) By Application: Fertigation, Soil, Foliar, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacifc was the largest region in the Crop Micronutrients market.
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Crop Micronutrients Market Key Players
Major competitors in the Crop Micronutrients market include BASF SE, Akzo Nobel NV, Nutrien Ltd., Yara International ASA, The Mosaic Company, Aries Agro Limited, Dow DuPont Inc., Western Nutrients Corporation
The Table Of Content For The Crop Micronutrients Market 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
The Business Research Company's "Global Crop Micronutrients Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
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