HOME Top Market Reports Micronutrient Market by Type (Zinc, Manganese, Boron, Copper, Molybdenum, Iron), Form (Chelated & Non Chelated), Application Mode (Soil, Foliar, Fertigation), Crop Type & Geography - Global Trends and Forecast to 2018

Micronutrient Market by Type (Zinc, Manganese, Boron, Copper, Molybdenum, Iron), Form (Chelated & Non Chelated), Application Mode (Soil, Foliar, Fertigation), Crop Type & Geography - Global Trends and Forecast to 2018

By: marketsandmarkets.com
Publishing Date: February 2014
Report Code: AGI 2266

 

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Plants require 16 essential elements to grow properly. The elements include carbon (C), hydrogen (H), and oxygen (O2), which are derived from air and water. The remaining nutrients used by plants are derived from the soil in the form of inorganic salts. Macronutrientsobtained from the soil include nitrogen (N), phosphorus (P), potassium (K), calcium (Ca), magnesium (Mg), and sulfur (S). The remaining essential elements needed by plants are known as micronutrients, which are required in trace amounts; although these are in small quantity, they are as important as macronutrients. They include boron (B), chlorine (Cl), copper (Cu), iron (Fe), manganese (Mn), molybdenum (Mo), and zinc (Zn).

Micronutrients are the essential elements that are used for the growth and regulation of the plant’s vital physiological activities. Agriculture micronutrient’ market growth has increased progressively because of increased global micronutrient deficiency in soil and shrinkage in the world’s agricultural land. The deficiency of micronutrients has increased worldwide due to intensive cropping pattern, extensive use of chemical fertilizers, mining of micronutrient reserves, and extensive irrigation facilities. Plant growth and development may be decelerated if any of these elements are lacking in the soil or are inadequately balanced with other nutrients. To replenish the crop’s micronutrients requirement, micronutrients are applied to crops. The agriculture micronutrients market has gained worldwide importance in the recent past due to its effectiveness on quality and productivity of crops.

In 2012, APAC was the largest market accounting for 53% of the total volume of the global market. Followed by APAC, North America accounted for 23% of the global market volume in 2012. The North American agriculture micronutrient market is estimated to show potential growth in the next five years. The largest global market is for zinc. Zinc had accounted for 36% of the total agriculture micronutrients market in 2012. The deficiency in micronutrients’ content results in stunted growth, withering of buds, yellowing of leaves, etc.

Cereal, fruit, and vegetable markets are the major consumers of agriculture micronutrients. With increased population, demand for cereals has also increased over the decade. To meet the global cereals demand, micronutrients are significantly applied to increase the cereals’ productivity. Soil, foliar, and fertigation are the three application modes of agriculture micronutrient. Soil application has the largest share in the global market. The micronutrient can be applied in chelated or non-chelated form. Non-chelated form has dominated the global market with 93% usage while chelated form has only 7% share.

The report provides complete analysis of the world’s leading players in the agriculture micronutrient industry, major micronutrients types and their forms, major application modes, and crop types, with a clear insight and commentary on the developments and trends. The market is anticipated to flourish in the next five years. With the huge market potential and growth, the market is likely to witness a significant change in the industry. Major demand in agriculture micronutrients market is anticipated to come from countries such as China, U.S., Canada, Indonesia, Poland, Italy, Brazil, India, etc. The growth was also attributed to the increasing demand for standard quality and productivity of agriculture produce. The report provides detailed analysis on the current phase of the industry and the competitive strategies adopted by the major players in the agriculture micronutrient industry.

Scope of the report

This report concentrates on the global agriculture micronutrients market. It classifies the global agriculture micronutrients market on the basis of types, application modes, forms, crop types, and geography.

On the basis of Types:

  • Zinc
  • Boron
  • Manganese
  • Molybdenum
  • Copper
  • Iron
  • Others (Chlorine, Nickel, Cobalt)

On the basis of Application Modes:

  • Soil (direct)
  • Fertigation
  • Foliar
  • Others (Seed Treatment and Hydroponics)

On the basis of Forms:

  • Chelated
  • Non-chelated

On the basis of Crop Types:

  • Cereals
  • Oil seeds and pulses
  • Fruits and vegetables
  • Others (Floriculture, Plantation, etc.)

On the basis of Geography:

  • North America
  • Europe
  • APAC
  • Rest of the World (ROW)

Table of Contents 
 
1 Introduction (Page No. - 21)
    1.1 Objectives
    1.2 Analyst Insights
    1.3 Report Description
    1.4 Market Segments & Market Aspects Covered
    1.5 Stakeholders
    1.6 Report Assumptions
          1.6.1 Periodization Considered
    1.7 Research Methodology
          1.7.1 Market Size Estimation
          1.7.2 Market Breakdown & Data Triangulation
          1.7.3 Key Data Taken From Secondary Sources
          1.7.4 Key Data Taken From Primary Sources

2 Executive Summary (Page No. - 36)

3 Market Overview (Page No. - 38)
    3.1 Definition of Micronutrients
    3.2 Evolution
    3.3 Market Statistics
          3.3.1 Agricultural Micronutrients Market Share Analysis By Company, 2013
    3.4 Related Markets
          3.4.1 Nitrogenous (N) Fertilizers
          3.4.2 Phosphatic Fertilizers
          3.4.3 Potash Fertilizers
    3.5 Complementary Markets
          3.5.1 Organic Fertilizers Market

4 Industry Analysis (Page No. - 46)
    4.1 Introduction
    4.2 Supply Chain Analysis of Agricultural Micronutrients Market
    4.3 Core Industry Segments
          4.3.1 Micronutrients Manufacturers

5 Market Analysis (Page No. - 49)
    5.1 Introduction
    5.2 Burning Issue
          5.2.1 Registration of Micronutrient Products
          5.2.2 Perceived High Cost of Micronutrients
    5.3 Winning Imperatives
          5.3.1 New Product Development
          5.3.2 Educating & Encouraging Farmers to Use Micronutrients
    5.4 Market Dynamics
          5.4.1 Drivers
                   5.4.1.1 Increasing Micronutrient Deficiency
                   5.4.1.2 Shrinkage in Agricultural Land Area
                   5.4.1.3 Effectiveness on Crop Yield &Productivity
                   5.4.1.4 Macronutrient Antagonism
          5.4.2 Restraints
                   5.4.2.1 Lack of Awareness Amongst Farmers
                   5.4.2.2 Critical Application Doses
          5.4.3 Opportunities
                   5.4.3.1 Technological Development
                   5.4.3.2 Increase in Contract Farming
    5.5 Porter’s Five Forces Analysis
          5.5.1 Degree of Competition
          5.5.2 Bargaining Power of Suppliers
          5.5.3 Bargaining Power of Buyers
          5.5.4 Threat of New Entrants
          5.5.5 Threat of Substitutes

6 Premium Insights (Page No. - 68)
    6.1 Molybdenum: Dominating the Micronutrients Market
    6.2 Asia-Pacific: Dominating the Market By Geography
    6.3 Cereals: Fastest Growing Agricultural Micronutrients Market
    6.4 Asia-Pacific: Leading Agricultural Micronutrients Market
    6.5 ROW: Emerging Agricultural Micronutrients Market
    6.6 Oilseeds&Pulses: Upcoming Market
    6.7 Molybdenum: A Key Micronutrient
    6.8 Soil Application: the Major Form of Application

7 Agricultural Micronutrients Market, By Application Mode (Page No. - 46)
    7.1 Introduction
          7.1.1 Micronutrients: As Important As Macronutrients
          7.1.2 Soil (Direct): the Most Commonly Used Method
          7.1.3 Nutrition Application Matrix
          7.1.4 Fertigation: Gradually Growing Application Mode
          7.1.5 Other Modes of Application
          7.1.6 Limitations of Soil
                   7.1.6.1 Soil Application: Commonly Used in Asia-Pacific
    7.2 Foliar Application
          7.2.1 More Uniform Results Than Soil Application Method
                   7.2.1.1 Asia-Pacific: Largest Market For Foliar Application
    7.3 Fertigation
          7.3.1 A Recent Technique in Agricultural Micronutrients Market
          7.3.2 Crop & Soil Types Using Fertigation
                   7.3.2.1 North America: Anticipated to Show Significant Growth in Fertigation Application
    7.4 Others
          7.4.1 Seed Treatment
          7.4.2 Hydroponics

8 Agricultural Micronutrients Market, By Crop Type (Page No. - 93)
    8.1 Introduction
          8.1.1 Requirement of Agricultural Micronutrients, By Crop Type
          8.1.2 Uptake of Secondary Nutrients & Micronutrients By Crops
                   8.1.2.1 Zinc: High Deficiency in Cereals
    8.2 Cereals
          8.2.1 Global Area Under Agriculture
                   8.2.1.1 North American Micronutrients Consumption of Cereals Growing Significantly
    8.3 Oilseeds & Pulses
          8.3.1 Area Under Oilseeds & Pulses
                   8.3.1.1 Deficiency Affects Yield and Quality of Agriculture Produce
                   8.3.1.2 ROW Is Projected to Show Second-Highest Growth in Micronutrient Consumption in Oilseeds & Pulses
    8.4 Fruits & Vegetables
          8.4.1 Crops Under Fruits & Vegetables
          8.4.2 Functions of Micronutrients in Growth of Leaves
                   8.4.2.1 North America: Second-Largest Consumer of Micronutrients for Fruits & Vegetables
    8.5 Others
          8.5.1 Floriculture More Prevalent in Europe
          8.5.2 Micronutrients Requirement in Pastures
 
9 Agricultural Micronutrients Market, By Geography (Page No. - 113)
    9.1 introduction
    9.2 North America
          9.2.1 North America: Market Estimates, By Country
          9.2.2 U.S.
          9.2.3 Canada
          9.2.4 Mexico
    9.3 Europe
          9.3.1 U.K.
          9.3.2 Spain
          9.3.3 Italy
          9.3.4 Germany
          9.3.5 France
          9.3.6 Poland
    9.4 Asia-Pacific
          9.4.1 China
          9.4.2 India
          9.4.3 Australia
          9.4.4 New Zealand
    9.5 ROW
          9.5.1 Brazil
          9.5.2 Argentina
          9.5.3 South Africa

10 Agricultural Micronutrients Market, By Type (Page No. - 176)
     10.1 Introduction
             10.1.1 Essential Micronutrients
             10.1.2 Molybdenum: Largest Value Market
             10.1.3 Zinc: Vital Component
     10.2 Zinc
             10.2.1 Functions of Zinc in Crop Growth
                        10.2.1.1 North America: Fastest Growing Market for Zinc
                        10.2.1.2 Asia-Pacific: Biggest Consumer of Zinc
     10.3 Copper
             10.3.1 Functions of Copper in Plant Growth
                        10.3.1.1 Asia-Pacific: Contributes 37% to Global Micronutrients Market in Value
                        10.3.1.2 Europe: Second Largest Market for Copper
     10.4 Iron
             10.4.1 Functions of Iron in Crop Growth
                        10.4.1.1 North America: Fastest Growing Market By Value and Volume
     10.5 Manganese
             10.5.1 Functions of Manganese in Plant Growth
     10.6 Boron
             10.6.1 Boron Requirement By Major Crops
             10.6.2 Boron Deficiency in Major Crops
             10.6.3 Functions of Boron in Plant Growth
                        10.6.3.1 Boron Consumption Projected to Grow in the North American Region
     10.7 Molybdenum
             10.7.1 Functions of Molybdenum in Plant Growth
                        10.7.1.1 Asia-Pacific: Largest Molybdenum Market
     10.8 Others
             10.8.1 Chlorine
                        10.8.1.1 Functions of Chlorine in Plant Growth

11 Agricultural Micronutrients Market, By form (Page No. - 201)
     11.1 Introduction
             11.1.1 Sulfate Salts of Micronutrients 
                        11.1.1.1 Comparison of Chelated and Non-Chelated Micronutrients
             11.1.2 Chelated Micronutrients Contribute 18% (Value) to Global Micronutrients Market
     11.2 Chelated
             11.2.1 Chelates: Best Results in Alkaline Soil
             11.2.2 Types of Organic Material
                        11.2.2.1 Manganese Chelates: Fastest Growing form of Micronutrients
                        11.2.2.2 Iron Chelates Capture 51% of total Chelated Micronutrients Market Volume
     11.3 Non-Chelated Micronutrients
             11.3.1 Sulfate Salts
             11.3.2 Oxides
     11.4 North America
             11.4.1 Competitive Micronutrients Market
             11.4.2 U.S.: Changing Trend in Micronutrients Usage
             11.4.3 Chelated Micronutrients: Fastest Growing Market, in Terms of Value& Volume
     11.5 Europe
             11.5.1 Diverse Land
             11.5.2 increasing Awareness Aboutmicronutrient Usage
             11.5.3 Chelated Micronutrients: Fastest & Largest Market in Europe
     11.6 Asia-Pacific
             11.6.1 Leading Geography in Micronutrients Consumption
             11.6.2 Non-Chelated Micronutrients: Highly Consumed
                        11.6.2.1 Non-Chelated Micronutrients Contribute 5% to Asia-Pacificmicronutrients Market
                        11.6.2.2 Chelated Micronutrients Market Showing Significant Growth
     11.7 ROW
             11.7.1 Various Conditions in ROW
             11.7.2 Limited Use of Micronutrients in Some States of South Africa& South America

12 Competitive Landscape (Page No. - 224)
     12.1 Introduction
     12.2 Acquisitions & Agreements: Most Preferred Strategic Approach
     12.3 Maximum Developments in 2013
     12.4 Akzo Nobel N.V.: Most Active Company

13 Company Profiles (Page No. - 235)
     (Company At A Glance, Recent Financials, Products & Services, Strategies & insights, & Recent Developments)* 
     13.1 Agrium Inc.
     13.2 Akzonobel N.V.
     13.3 Auriga Industries A/S
     13.4 BASF SE
     13.5 Coromandel International Ltd.
     13.6 Haifa Chemicals Ltd.
     13.7 Sapec SA
     13.8 The Mosaic Company
     13.9 Valagro
     13.1 Yara International ASA

*Details on Company At A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies. 
 
List of Tables (117 Tables) 

Table 1 Agricultural Micronutrients Products Market Estimation
Table 2 Agricultural Micronutrients Market Size, 2012–2019, ($Million) & (’000 Mt) 
Table 3 Evolution of Micronutrients
Table 4 List of Companies &Their Products
Table 5 Functions of Micronutrients In Cropgrowth
Table 6 Relative Responsiveness of Selected Crops to Micronutrients
Table 7 Critical & Marginal Levels of Micronutrients Application
Table 8 Nutrition Application Matrix
Table 9 Agricultural Micronutrients Market Size, By Application Mode, 2012–2019 ($Million)
Table 10 Agricultural Micronutrients Market Size, By Application Mode, 2012–2019 (’000 Mt)
Table 11 Soil Application: Agricultural Micronutrients Market Size, By Geography, 2012–2019 ($Million)
Table 12 Soil Application: Agricultural Micronutrients Market Size, By Geography, 2012–2019 (’000 Mt)
Table 13 Foliar Application: Agricultural Micronutrients Market Size, By Geography, 2012–2019 ($Million)
Table 14 Foliar Application: Agricultural Micronutrients Market Size, By Geography, 2012–2019 (’000 Mt)
Table 15 Fertigation: Agricultural Micronutrients Market Size, By Geography, 2012–2019 ($Million) 
Table 16 Fertigation: Agricultural Micronutrients Market Size, By Geography, 2012–2018 (’000 Mt) 
Table 17 Others: Agricultural Micronutrients Market Size, By Geography, 2012–2019 ($Million) 
Table 18 Others: Agricultural Micronutrients Market Size, By Geography, 2012–2019 (’000 Mt) 
Table 19 Micronutrient & Secondary Nutrient Uptake By Crops
Table 20 Agricultural Micronutrients Market Size, By Crop Type, 2012–2019 ($Million) 
Table 21 Agricultural Micronutrients Market Size, By Crop Type, 2012-2019 (’000 Mt) 
Table 22 Cereals: Agricultural Micronutrients Market Size, By Geography, 2012–2019 ($Million) 
Table 23 Cereals: Agricultural Micronutrients Market Size, By Geography, 2012–2019 (’000 Mt) 
Table 24 Oilseeds & Pulses: Agricultural Micronutrients Market Size, By Geography, 2012–2019 ($Million)
Table 25 Oilseeds & Pulses: Agricultural Micronutrients Market Size, By Geography, 2012–2019 (’000 Mt)
Table 26 Fruits & Vegetables: Agricultural Micronutrients Market Size, By Geography, 2012–2019 ($Million)
Table 27 Fruits &Vegetables: Agricultural Micronutrients Market Size, By Geography, 2012–2019 (’000 Mt)
Table 28 Others: Agricultural Micronutrients Market Size, By Geography, 2012–2019 ($Million) 
Table 29 Others: Agriculture Micronutrients Market Size, By Geography, 2012–2019 (’000 Mt) 
Table 30 Agricultural Micronutrients Market Size, By Geography, 2012–2019 ($Million)
Table 31 Agricultural Micronutrients Market Size, By Geography, 2012–2019 (‘000 Mt)
Table 32 North America: Agricultural Micronutrients Market Size, By Country, 2012–2019 ($Million) 
Table 33 North America: Agricultural Micronutrients Market Size, By Country, 2012–2019 (’000 Mt) 
Table 34 U.S.: Agricultural Micronutrients Market Size, By Type, 2012–2019 ($Million) 
Table 35 U.S.: Agricultural Micronutrients Market Size, By Type, 2012–2019 (’000 Mt) 
Table 36 Canada: Agricultural Micronutrients Market Size, By Type, 2012–2019 ($Million)
Table 37 Canada: Agricultural Micronutrients Market Size, By Type, 2012–2019 (’000 Mt)
Table 38 Mexico: Agricultural Micronutrients Market Size, By Type, 2012–2019 ($Million)
Table 39 Mexico: Agricultural Micronutrients Market Size, By Type, 2012–2019 (’000 Mt)
Table 40 Europe: Agricultural Micronutrients Market Size, By Country, 2012–2019 ($Million) 
Table 41 Europe: Agricultural Micronutrients Market Size, By Countriy, 2012–2019 (’000 Mt) 
Table 42 U.K.: Agricultural Micronutrients Market Size, By Type, 2012–2019 ($Million) 
Table 43 U.K: Agricultural Micronutrients Market Size, By Type , 2012–2019 (’000 Mt) 
Table 44 Spain: Agricultural Micronutrients Market Size, By Type, 2012–2019 ($Million)
Table 45 Spain: Agricultural Micronutrients Market Size, By Type, 2012–2019 (’000 Mt)
Table 46 Italy: Agricultural Micronutrients Market Size, By Type, 2012–2019 ($Million)
Table 47 Italy: Agricultural Micronutrients Market Size, By Type, 2012–2019 (’000 Mt)
Table 48 Germany: Agricultural Micronutrients Market Size, By Type, 2012–2019 ($Million)
Table 49 Germany: Agricultural Micronutrients Market Size, By Type, 2012–2019 (’000 Mt)
Table 50 France: Agricultural Micronutrients Market Size, By Type, 2012–2019 ($Million)
Table 51 France: Agricultural Micronutrients Market Size, By Type, 2012–2019 (’000 Mt)
Table 52 Poland: Agricultural Micronutrients Market Size, By Type, 2012–2019 ($Million)
Table 53 Poland: Agricultural Micronutrients Market Size, By Type, 2012–2019 (’000 Mt)
Table 54 Asia-Pacific: Agricultural Micronutrients Market Size, By Countries, 2012–2019 ($Million) 
Table 55 Asia-Pacific: Agricultural Micronutrients Market Size, By Country, 2012–2019 (’000 Mt) 
Table 56 China: Agricultural Micronutrients Market Size, By Type, 2012–2019 ($Million)
Table 57 China: Agricultural Micronutrients Market Size, By Type, 2012–2019 (’000 Mt)
Table 58 India: Agricultural Micronutrients Market Size, By Type, 2012–2019 ($Million)
Table 59 India: Agricultural Micronutrients Market Size, By Type, 2012–2019 (’000 Mt)
Table 60 Australia: Agricultural Micronutrients Market Size, By Type, 2012–2019 ($Million)
Table 61 Australia: Agricultural Micronutrients Market Size, By Type, 2012–2019 (’000 Mt)
Table 62 New Zealand: Agricultural Micronutrients Market Size, By Type, 2012–2019 ($Million) 
Table 63 New Zealand: Agricultural Micronutrients Market Size, By Type, 2012–2019 (’000 Mt) 
Table 64 ROW: Agricultural Micronutrients Market Size, By Country, 2012–2019 ($Million)
Table 65 ROW: Agricultural Micronutrients Market Size, By Country, 2012–2019 (’000 Mt)
Table 66 Brazil: Agricultural Micronutrients Market Size, By Type, 2012–2019 ($Million)
Table 67 Brazil: Agricultural Micronutrients Market Size, By Type, 2012–2019 (’000 Mt)
Table 68 Argentina: Agricultural Micronutrients Market Size, By Type, 2012–2019 ($Million) 
Table 69 Argentina: Agricultural Micronutrients Market Size, By Type, 2012–2019 (’000 Mt) 
Table 70 South Africa: Agricultural Micronutrients Market Size, By Type, 2012–2019 ($Million) 
Table 71 South Africa: Agricultural Micronutrients Market Size, By Type, 2012–2019 (’000 Mt) 
Table 72 Agricultural Micronutrients Market Size, By Type, 2012-2019 ($Million) 
Table 73 Agricultural Micronutrients Market Size, By Type, 2012-2019 ('000 Mt) 
Table 74 Zinc: Agricultural Micronutrients Market Size, By Geography, 2012-2019, ($Million) 
Table 75 Zinc: Agricultural Micronutrients Market Size, By Geography, 2012-2019, ('000 Mt) 
Table 76 Copper: Agricultural Micronutrients Market Size, By Geography, 2012–2019 ($Million) 
Table 77 Copper: Agricultural Micronutrients Market Size, By Geography, 2012–2019 (’000 Mt) 
Table 78 Iron: Agricultural Micronutrients Market Size, By Geography, 2012–2019 ($Million) 
Table 79 Iron: Agricultural Micronutrients Market Size, By Geography, 2012–2019 ('000 Mt) 
Table 80 Manganese: Agricultural Micronutrients Market Size, By Geography, 2012–2019 ($Million) 
Table 81 Manganese: Agricultural Micronutrients Market Size, By Geography, 2012–2019 (’000 Mt) 
Table 82 Boron Requirement By Major Crops
Table 83 Boron Deficiency Symptoms Observed in Major Crops
Table 84 Boron: Agricultural Micronutrients Market Size, By Geography, 2012–2019 ($Million) 
Table 85 Boron: Agricultural Micronutrients Market Size, By Geography, 2012–2019 (’000 Mt) 
Table 86 Molybdenum: Agricultural Micronutrients Market Size, By Geography, 2012–2019 ($Million) 
Table 87 Molybdenum: Agricultural Micronutrients Market Size, By Geography, 2012–2019 (’000 Mt) 
Table 88 Others: Agricultural Micronutrients Market Size, By Geography, 2012–2019 ($Million) 
Table 89 Others: Agricultural Micronutrients Market Size, By Geography, 2012–2019 (’000 Mt) 
Table 90 Micronutrients, By Form, Solubility, & Content
Table 91 Agricultural Micronutrients Market Size, By Form, 2012–2019 ($Million) 
Table 92 Agricultural Micronutrients Market Size, By Form, 2012–2019 (’000 Mt) 
Table 93 Chelated Micronutrients Market Size,By Type, 2012–2019($Million) 
Table 94 Chelated Micronutrients Market Size,By Type, 2012–2019 (’000 Mt) 
Table 95 North America: Agricultural Micronutrientsmarketsize, By Form, 2012–2019($Million) 
Table 96 North America: Agricultural Micronutrients Market Size, By Form, 2012–2019('000 Mt) 
Table 97 Europe: Agricultural Micronutrients Market Size,By Form, 2012–2019($Million)
Table 98 Europe: Agricultural Micronutrients Market Size, By Form, 2012–2019(’000 Mt)
Table 99 Asia-Pacific: Agricultural Micronutrientsmarket Size, By Form, 2012–2019($Million) 
Table 100 Asia-Pacific: Agricultural Micronutrients Market Size, By Form, 2012–2019(’000 Mt) 
Table 101 ROW: Agricultural Micronutrients Market Size, By Form, 2012–2019($Million)
Table 102 ROW: Agricultural Micronutrients Market Size, By Form, 2012–2019('000 Mt)
Table 103 Acquisitons, 2010-2014
Table 104 Agreements, 2010-2014
Table 105 Expansions, 2010-2014
Table 106 New Product Launches, 2010-2014
Table 107 Investments & Divestments, 2010-2014
Table 108 Agrium Inc.: Products & Their Description
Table 109 Akzonobel N.V.: Products & Their Description
Table 110 Auriga Industries A/S: Products & Their Description
Table 111 BASF SE: Products & Their Description
Table 112 Coromandel: Products & Their Description
Table 113 Haifa: Products & Their Description
Table 114 Sapec: Products & Their Description
Table 115 The Mosaic Company: Products & Their Description
Table 116 Valagro: Products & Their Description
Table 117 Yara International ASA: Products & Their Description


List of Figures (33 Figures) 

Figure 1 Agriculture Micronutrients Market Segmentation
Figure 2 Agricultural Micronutrients Market Size, 2013 (’000 Mt)
Figure 3 Micronutrientrequirement,By Crop Growth Stage
Figure 4 Timeline of Micronutrients
Figure 5 Agricultural Micronutrients: Market Share Analysis, By Company, 2013 
Figure 6 Supply Chain Analysis of Micronutrients Market
Figure 7 Micronutrients Market Abstract
Figure 8 Agricultural Micronutrients Market
Figure 9 Project ‘Reach’ By Akzonobel (The Netherlands)
Figure 10 Impact Analysis of Micronutrients Market
Figure 11 Porter’s Five Forces Analysis
Figure 12 Agricultural Micronutrients Market, By Type ($Million)
Figure 13 Agricultural Micronutrients Market Size, By Geography, 2012-2019 ($Million)
Figure 14 Agricultural Micronutrients Market Size, By Crop Type, 2012-2019 ($Million) 
Figure 15 Agricultural Micronutrients Market Size, By Geography, 2012-2019 (Kt)
Figure 16 Agricultural Micronutrients Market (Value) Share, By Geography, 2013 
Figure 17 Agricultural Micronutrients Market Share (Value), By Crop Type, 2013
Figure 18 Agricultural Micronutrients Market Share (Value), By Type, 2013
Figure 19 Agricultural Micronutrientsmarket Share (Value), By Mode of Application
Figure 20 Requirement of Agricultural Micronutrients, By Crop Type
Figure 21 Global Area Under Agricultural Crops, 2011
Figure 22 Micronutrients & Symptoms of Their Deficiency
Figure 23 Regional Market Life Cycle for Agricultural Micronutrients
Figure 24 Agricultural Micronutrients Deficiency in India
Figure 25 Advantages of Chelated Micronutrients&Disadvantages ofnon-Chelated Micronutrients
Figure 26 U.S.: Agricultural Micronutrients Market Size,By Type, 2014 (’000 Mt) 
Figure 27 Agricultural Micronutrients Market: Developments Share, By Growth Strategy, 2010-2014
Figure 28 Annual Agricultural Micronutrients Market Developments, 2009-2014
Figure 29 Akzonobel N.V.: SWOT Analysis
Figure 30 BASF: SWOT Analysis
Figure 31 Haifa: SWOT Analysis
Figure 32 Valagro: SWOT Analysis
Figure 33 Yara International ASA: SWOT Analysis

Agriculture micronutrients are vital plant nutrients required in trace amounts. Micronutrient enhance the quality and productivity of the crops. Application of micronutrients has an added advantage worldwide as the farmers obtain visible and rapid improvement in the quality and productivity of crops. Increased land degradation, shrinkage in arable land, and intensive agriculture practices have driven the global market. The global agriculture micronutrient manufacturers have focused on research and development in order to produce new formulations and innovative application modes for the delivery of micronutrients. The main micronutrient for crops are zinc, copper, boron, iron, manganese, and molybdenum.

Global Agriculture Micronutrient Market Value, by Geography, 2012

Micronutrient Market

Source: MarketsandMarkets Analysis

APAC was the largest market for agriculture micronutrient accounting for 53% of the total agriculture micronutrients value. Countries such as U.S., Brazil, China, and Poland are the major consumers of agriculture micronutrients. North America is the second-largest market for agriculture micronutrient which is estimated to grow progressively in the next five years. In the European region, Western European countries are anticipated to show potential growth in terms of consumption and value by 2018. In 2012, Brazil and Argentina led the ROW agriculture micronutrient market and are anticipated to be competent markets for agriculture micronutrients in the coming years. Consumption of agriculture micronutrient in U.S. and Canada is anticipated to increase in the near future.

Global Agriculture Micronutrients Market Volume (’000 Metric Tons), 2012

Micronutrient Market

Source: MarketsandMarkets Analysis

The agriculture micronutrient market is estimated to grow at a CAGR of 6% from 2013 to 2018, reaching 1,335.4 thousand MT by 2018. The most widely used form of micronutrient is the inorganic form which includes oxides and carbonates, and metallic salts such as sulfates, chlorides, and nitrates. Chelated and non-chelated are the forms of micronutrients that are sold worldwide. Non-chelated micronutrients are available in three forms, namely, metal salts, inorganic, and organic. Soil (direct), foliar, and fertigation are the major modes of application. The application methods change according to the crop type. Soil (direct) application of micronutrients was used predominantly in 2012.

Global Agriculture Micronutrient Market Volume, by Application, 2012

Micronutrient Market

Source: MarketsandMarkets Analysis

Zinc has the largest consumption volume accounting for 36% of the total market volume. Zinc, boron, and manganese are reported as the most deficient micronutrients across the world. Major zinc deficiency has been reported in the Asia-Pacific region.

Boron deficiency is projected to be the next biggest deficiency worldwide. Iron and manganese markets have the capability to nearly counterpart the value market of zinc in the coming five years.

The key players in the agriculture micronutrient market are BASF SE, Yara International (Norway), Agrium Inc. (Canada), Haifa (Israel), Tradecorp (Spain), etc.

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