Global Agricultural Micronutrient Market Analysis, Key Trends, Growth Opportunities, Challenges And Key Players By 2029

Market Overview:
Global Agricultural Micronutrient Market was valued at USD 7.20 Billion in 2021 and is expected to reach USD 11.87 Billion by the year 2028, at a CAGR of 7.4%.

Agricultural micronutrients are minerals that are essential for plant growth. It contains elements such as zinc (Zn), boron (B), and iron (Fe), copper (Cu), manganese (Mn) and molybdenum (Mo). Plants use it in small amounts, so it is called a trace element. They play an important role in improving the yield and quality of agricultural products. These trace elements are mainly used in soil, foliar spray and fertilization systems. They also contribute to the biological processes of plants and helps plant cell growth. Micronutrients are applied to the plant using conventional seed equipment, mixing micronutrients mixed with liquid and dry fertilizer in an inappropriate amount.

To identify the key drivers and the competitors' insights, Request a Sample @:
https://introspectivemarketresearch.com/request/16270

Analysis of the Top Market Players:
• BASF SE(Germany)
• AkzoNobel (Netherlands)
• Nutrien Ltd. (Canada)
• Yara International ASA (Norway)
• The Mosaic Company (US)
• Compass minerals international (US)
• Valagro (Italy)
• Coromandel International Limited (India)
• Haifa Group (Israel)
• Helena Agri-Enterprises LLC (U.S.)
• Valagro S.p.A (Italy)
• Sigma AgriScience LLC (U.S.)
• Aries Agro Limited (India)
• Nufarm Limited (Australia)
• AgroLiquid (U.S.)
• Indian Farmer Fertilizer cooperative limited (India)
• SAPEC SA (Belgium) and Other Major Players.

Market Dynamics:
Driver:
Soil deficiencies of micronutrients have become a global concern as these nutrients are required in small quantities but play a crucial role in crop growth. Although plants contain some micronutrients, the levels are often insufficient, leading to detrimental effects on crops. Several factors contribute to micronutrient deficiency in soil, including soil pH, humidity, and temperature. Specifically, higher pH levels in the soil reduce the availability of micronutrients. Consequently, there is a growing demand for products that can increase micronutrient levels in agricultural settings, which is driving the agricultural micronutrient market.

Opportunities:
The Agricultural Micronutrients Market is experiencing a boost due to the development of biodegradable chelating products. Non-biodegradable chelating agents have been found to have detrimental effects on the soil, crops, and human health. As a result, there is a growing demand for the production of chelates that are environmentally friendly. Prominent examples of recently developed and widely adopted agents include NTA and EDDS, which are being actively promoted and marketed as alternatives to non-biodegradable agents. Biodegradable chelating products are being utilized to remove harmful metals from plants and soil, thereby safeguarding their health.

Read More: https://introspectivemarketresearch.com/reports/agricultural-micronutrient-market/

The Report Will Include A Major Chapter
• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis
• Company Profiling and Competitive Positioning
• Industry Value Chain Analysis
• Market Dynamics and Factors
• Porter's Five Forces Analysis
• Pestle Analysis
• SWOT Analysis

Segmentation of The Agricultural Micronutrient Market:
By Type
• Zinc
• Boron
• Iron
• Others

By Form
• Chelated
• Non-chelated

By Application
• Soil
• Foliar
• Fertigation

Have a query? Market an enquiry before purchase@:
https://introspectivemarketresearch.com/inquiry/16270

Regional Analysis Of Agricultural Micronutrients Market
The Asia Pacific contributed the largest share in agricultural micronutrients market, during the forecast period due to Rising awareness about the micronutrients among farmers is expected to provide more scope for market growth. The government of this region also provided plans, subsidies for fertilization and nutrition of crops, and spreading awareness about the use of this micronutrient helping in the development of this industry. Sometimes government is giving a 100% margin on fertilizers for farmers, which is the major factor helping the growth of this market in the Asia Pacific region. The requirement for high-quality agricultural products and the increasing agricultural practices are factors that boost the micronutrient fertilizer market in the Asia Pacific region.
• North America (U.S., Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)

Key Industry Developments in Agricultural Micronutrients Market
In September 2021, In India Coromandel International Limited launched a new product namely GroShakti Plus a fertilizer, which is a superior and complex fertilizer with new technology. Coromandel is continuously serving the farmers in all aspects to enhancing productivity of crops and increasing yield of crop, by creating Specialty nutrients, Bulk fertilizers, and nutrient based pure Organic fertilizers that's improve the quality of soil.

In March 2021, for the development and distribution of nutrient efficiency products, The Mosaic Company made a partnership with Sound Agriculture. The product is inspired by biochemistry that activates the soil microbiome to give open space to the plant for absorption of fertilizers. Sound Agriculture has invented technology that activates the soil microbiome to give access to enter important nutrients in plants and which allow farmers to get more benefits of fertilizer.

The report covers exhaustive analysis on:
• The market size and industry growth rate of the global and regional market across various segments
• Based on extensive primary and secondary research this report provides comprehensive and granular data
• Key technological advancements and market trends that shape the market
• Brand dynamics and distribution trends in order to effectively plan strategies in the forecast period 2023-2029
• Key companies operating in the global Agricultural Micronutrients market and their market share

Buy the Latest Version of this Report @

https://introspectivemarketresearch.com/checkout/?user=1&_sid=16270

Read More Related Report: -

https://introspectivemarketresearch.com/reports/virtual-power-plant-market/

https://introspectivemarketresearch.com/reports/surgical-scrub-market/

https://introspectivemarketresearch.com/reports/surgical-equipment-market/

Contact us:
Introspective Market Research
3001 S King Drive,
Chicago, Illinois
60616 USA
Ph no: +1 773 382 1049

About Us:
Introspective Market Research (introspectivemarketresearch.com) is a visionary research consulting firm dedicated to assist our clients grow and have a successful impact on the market. Our team at IMR is ready to assist our clients flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global market research company, specialized in using big data and advanced analytics to show the bigger picture of the market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyse extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.

This release was published on openPR.