Agricultural Micronutrients Market, Size, Share, Outlook and Growth Opportunities 2019-2026
Global Agricultural Micronutrients Market is segmented By Type (Boron, Copper, Iron, Manganese, Molybdenum, Zinc, Others), By Application (Fertigation, Foliar, Soil, Others), By Form (Chelated, Non- Chelated), By Crop Type (Cereals, Fruits & Vegetables, O
(EMAILWIRE.COM, April 14, 2020 ) Market Overview
Global Agricultural Micronutrients Market is expected to grow at a CAGR of 8.40% during the forecast period (2019-2026)
Micronutrients are essential for plant growth and play an essential role in balanced crop nutrition.
Lack of any of the micronutrients can limit soil growth even when all other nutrients are present in adequate amounts.
Download free sample: https://www.datamintelligence.com/download-sample/agricultural-micronutrients-market
Market Dynamics
The market is driven by several factors such as micronutrient deficiency, growing food demand, shrinking farmland and focus on agricultural productivity.
But the market is restrained by factors such as lack of awareness, diagnosis issues, and micronutrient toxicity.
The demand for food is increasing as the population works rapidly. To meet the requirement of a growing population, agriculture production is expanding by using new and improvised techniques.
Growing urbanization and less availability of arable land are motivating farmers to adopt efficient crop protection techniques such as the application of micronutrients.
Within the 13 billion hectares of total land, only 1.6 billion is under farmland production; 36% of that land is in Europe, the Middle East, and Africa, 39% in the Asia Pacific, 15% in North America and the remaining 10% in Latin America.
The most potent forces driving demand for agriculture micronutrients include the need for crop intensification. FAO estimates suggest that ~80% of crop production growth by 2050 is expected to come from higher yields.
However, the land available for farming will also have to expand, which is difficult in the present scenario.
Market Key Companies
Agrium Inc., AkzoNobel N.V., Auriga Industries A/S, BASF SE, Coromandel International Ltd., Haifa Chemicals Ltd., Sapec SA, The Mosaic Company, Valagro, Yara International ASA, Nufarm, and Land Olakes.
Market Segmentation
Agricultural Micronutrients market has the following segments:
Based on the type
Zinc
Copper
Iron
Manganese
Boron
Molybdenum
Other
Based on the form
Chelated
Non-Chelated.
Based on crop type
Cereals
Oilseeds & Pulses
Fruits & Vegetables
Other
Based on applications
Soil
Foliar
Fertigation
Other
Based on the geographies by region
North America
South America
Europe
The Asia Pacific
RoW
Scope of the report
The report covers factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles.
View full report: https://www.datamintelligence.com/research-report/agricultural-micronutrients-market
Enquiry before buying: https://www.datamintelligence.com/enquiry/agricultural-micronutrients-market
About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at DataM Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Global Agricultural Micronutrients Market is expected to grow at a CAGR of 8.40% during the forecast period (2019-2026)
Micronutrients are essential for plant growth and play an essential role in balanced crop nutrition.
Lack of any of the micronutrients can limit soil growth even when all other nutrients are present in adequate amounts.
Download free sample: https://www.datamintelligence.com/download-sample/agricultural-micronutrients-market
Market Dynamics
The market is driven by several factors such as micronutrient deficiency, growing food demand, shrinking farmland and focus on agricultural productivity.
But the market is restrained by factors such as lack of awareness, diagnosis issues, and micronutrient toxicity.
The demand for food is increasing as the population works rapidly. To meet the requirement of a growing population, agriculture production is expanding by using new and improvised techniques.
Growing urbanization and less availability of arable land are motivating farmers to adopt efficient crop protection techniques such as the application of micronutrients.
Within the 13 billion hectares of total land, only 1.6 billion is under farmland production; 36% of that land is in Europe, the Middle East, and Africa, 39% in the Asia Pacific, 15% in North America and the remaining 10% in Latin America.
The most potent forces driving demand for agriculture micronutrients include the need for crop intensification. FAO estimates suggest that ~80% of crop production growth by 2050 is expected to come from higher yields.
However, the land available for farming will also have to expand, which is difficult in the present scenario.
Market Key Companies
Agrium Inc., AkzoNobel N.V., Auriga Industries A/S, BASF SE, Coromandel International Ltd., Haifa Chemicals Ltd., Sapec SA, The Mosaic Company, Valagro, Yara International ASA, Nufarm, and Land Olakes.
Market Segmentation
Agricultural Micronutrients market has the following segments:
Based on the type
Zinc
Copper
Iron
Manganese
Boron
Molybdenum
Other
Based on the form
Chelated
Non-Chelated.
Based on crop type
Cereals
Oilseeds & Pulses
Fruits & Vegetables
Other
Based on applications
Soil
Foliar
Fertigation
Other
Based on the geographies by region
North America
South America
Europe
The Asia Pacific
RoW
Scope of the report
The report covers factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles.
View full report: https://www.datamintelligence.com/research-report/agricultural-micronutrients-market
Enquiry before buying: https://www.datamintelligence.com/enquiry/agricultural-micronutrients-market
About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at DataM Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Contact Information:
DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
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DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results