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Agricultural Micronutrients: Market Growth, Future Prospects & Competitive Analysis, 2016-2023

Overview:

Uniform and quality yield is of utmost importance among micronutrients product manufacturers, agrochemical manufacturers and other key participants in the agriculture industry. Agricultural micronutrients are plant nutrients, which are used in small amounts for obtaining better yield. Some of the plant nutrients required include iron, zinc, chloride, manganese, copper, boron and molybdenum. Companies operating in the agricultural micronutrients market are focused on opting for agreements with the regional players, in order to gain significant share at the local level and maintain the competiveness in the market.

Global agricultural micronutrients market is anticipated to witness significant growth during the forecast period. This is attributed to bio-fuel crop production, rising agriculture contribution in overall GDP, soil quality improvement and others. Furthermore, increasing consumer inclination towards nutrient rich food especially to overcome deficiencies and concerns for healthy food have led food manufacturers to focus on improving product quality by improvising nutritional content, thus bolstering agricultural micronutrients market growth. However, lack of awareness among farmers and infrastructure availability especially in certain developing countries is restricting the agricultural micronutrients market growth. Since, animal and human health is affected due to enrichment of plant materials, quality and yield of agricultural products.

Asia Pacific holds largest market in terms of revenue share, followed by North America. Agricultural micronutrients market in North America is expected to record robust CAGR during the forecast period.

The global agricultural micronutrients market is segmented on the following bases:

  • Crop Type
    • Cereals
    • Pulses and oilseeds
    • Fruits and vegetables
    • Others
  • Application
    • Fertigation
    • Foliar
    • Soil
    • Seed treatment
    • Others
  • Product Type
    • Boron
    • Copper
    • Iron
    • Manganese
    • Zinc
    • Others
  • Geography
    • North America
      • US
      • Canada
    • Europe
      • UK
      • Germany
      • Rest of Europe
    • Asia-Pacific
      • Japan
      • China
      • Rest of APAC
    • Latin America
    • Middle East and Africa

Key Players Identified for Anti-aging nutraceutical ingredients Market Include but are Not Limited to:

The Dow Chemical Co., Verdesian Life Sciences, LLC, Akzo Nobel N.V., DUPONT DE NEMOURS AND COMPANY, ATP Nutrition, Compass Minerals International Inc., Merck KGaA, Monsanto Co., Syngenta International AG, Sigma-Aldrich Corporation, DAMA Agricultural Solutions Ltd., Sumitomo Chemical Co., Ltd., Yara International ASA, Nutra-Flo Company (K- Flo), Grow More Inc., Stoller USA, Inc., Auriga Industries A/S, Micnelf USA Inc., BASF SE, Bayer Crop., Brandt Consolidated Inc., Agrium Inc., The Mosaic Company, Baicor, E. I., Land O’Lakes Inc. and Kay-Flo.

This report offers:

  • An overview of the global markets for agricultural micronutrients
  • Market trends assessment for the period 2013-2023, with historical information for 2013 &2014, and projections through 2023, with respective CAGRS during 2016-2023
  • Qualitative assessment tools such as market drivers, challenges and future prospects for agricultural micronutrients
  • Market competition scrutiny tools such as market share analysis, fractal map assessment, attractive investment proposition
  • Focus on each level of market segmentation based on product approvals, launch, and current and anticipated market dynamics
  • A general overview of the industry structure
  • Company profiles highlighting key information about the major players operating in the agricultural micronutrients market
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