Press release
Global Agriculture Micronutrients Market : North America to Expand at 7.9% CAGR by 2024
According to the latest market report published by Persistence Market Research, titled “Global Market Study on Agriculture Micronutrients: Established Players Are Focusing to Strengthen Partnerships along the Value Chain to Gain Better Market Access over the Forecast Period 2016 - 2024,” the global agriculture micronutrients market was valued at US$ 6,576.9 Mn in 2015 and is anticipated to expand at a CAGR of 8.3% from 2016 to 2024, to reach a market value of US$ 13,344.2 Mn by 2024.
Currently, the agriculture micronutrients market is mainly driven by factors such as increasing the need for effective fertilizers due to poor soil quality and high demand for quality and uniform yield, due to increasing population across the globe. However, factors such as lack of awareness among farmers in developing countries regarding dosage and proper application of micronutrients are the major factor expected to restrain the growth of the global agriculture micronutrients market during the forecast period.
The global agriculture micronutrients market is anticipated to expand at a CAGR of 8.3% in terms of revenue from 2016 to 2024, to reach a market value of US$ 13,344.2 Mn by 2024.
The report provides detailed information about various market trends and offers analysis and insights into the potential of the agriculture micronutrients market globally. Furthermore, the agriculture micronutrients market is segmented on the basis of product type into boron, copper, iron, manganese, molybdenum, zinc, and others.
A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/3825
The zinc product type segment is expected to be the highest contributor to the agriculture micronutrients market in terms of value share, followed by the boron segment by 2016 end. The molybdenum product type segment is expected to be the fastest growing segment in the overall market over the forecast period (2016–2024). The segment is expected to expand at a CAGR of 10.2% over the forecast period in terms of revenue.
On the basis of application, the global agriculture micronutrients market is segmented into fertigation, foliar, soil, seed treatment and others.
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Key players in the global agriculture micronutrients market include ADAMA Agricultural Solutions Ltd., Agrium Inc., Akzo Nobel N.V., Auriga Industries A/S, BASF SE, Bayer Crop, Compass Minerals International Inc., E. I. DUPONT DE NEMOURS AND COMPANY, Land O’Lakes Inc. Monsanto Co., Nufarm Limited, Sumitomo Chemical Co., Ltd., Syngenta International AG, The Dow Chemical Co., The Mosaic Company, Yara International ASA, ATP Nutrition, Baicor, L.C., Brandt Consolidated Inc., Grow More Inc., Kay-Flo, Micnelf USA Inc., Nutra-Flo Company (K- Flo), Stoller USA, Inc., Verdesian Life Sciences, LLC, Merck KGaA, and Sigma-Aldrich Corporation.
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Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
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