"Growing Fields: Agricultural Micronutrients Market Set to Reach $13.35 Billion by 2030"

Meticulous Research®, a globally recognized market research company, has released a comprehensive report titled "Agricultural Micronutrients Market by Type (Zinc, Iron, Copper, Molybdenum), Crop Type (Cereals and Grains, Fruits and Vegetables), Form (Non-chelated, Chelated), Mode of Application (Soil, Foliar, Fertigation, Seed Treatment) - Global Forecast to 2030."
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According to this latest report, the agricultural micronutrients market is poised to achieve a value of $13.35 billion by 2030, exhibiting a robust Compound Annual Growth Rate (CAGR) of 8.4% from 2023 to 2030. This growth trajectory is attributed to several key factors, including the global population increase, rising food insecurity concerns, diminishing arable land, escalating soil micronutrient deficiencies, and favorable governmental policies and organizational initiatives advocating micronutrient use. However, challenges such as farmer awareness gaps and sustainable raw material sourcing constraints are noted, along with the emergence of contract farming and nanotechnology as growth opportunities within the market.

Key Highlights from the Report:

Market Segmentation: The agricultural micronutrients market is segmented based on type, crop type, form, mode of application, and geography.

Market Drivers: Factors such as population growth, food security concerns, declining arable land, soil micronutrient deficiencies, and supportive government policies are driving market growth.

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Market Challenges: Lack of farmer awareness and sustainable raw material sourcing pose challenges to market expansion.

Growth Opportunities: Contract farming and nanotechnology adoption are identified as growth opportunities within the market.

Regional Analysis: Asia-Pacific is anticipated to dominate the market, driven by factors such as extensive crop cultivation, population growth, and governmental support for agricultural development.

Key Market Players:

The report highlights key players in the global agricultural micronutrients market, including AgroLiquid, Aries Agro Limited, BASF SE, BMS Micro-Nutrients NV, Coromandel International Limited, Haifa Group, Helena Agri-Enterprises, LLC, Koch Industries, Inc., Nouryon, Nufarm Limited, Nutrien Ltd., The Mosaic Company, VALAGRO S.P.A (Part of Syngenta AG), and Yara International ASA.

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This release was published on openPR.