HOME Top Market Reports Agriculture Micronutrient Market by Type (Zinc, Manganese, Boron, Copper, Molybdenum, Iron), Form (Chelated & Non Chelated), Application Mode (Soil, Foliar, Fertigation), Crop Type, & by Region - Global Trends and Forecast to 2020

Agriculture Micronutrient Market by Type (Zinc, Manganese, Boron, Copper, Molybdenum, Iron), Form (Chelated & Non Chelated), Application Mode (Soil, Foliar, Fertigation), Crop Type, & by Region - Global Trends and Forecast to 2020

By: marketsandmarkets.com
Publishing Date: June 2015
Report Code: AGI 2266

 

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Agricultural micronutrients have become a fundamental input in agriculture production and leading the industry to achieve its transformation in line with the changing demand from growers as well as to replenish the increasing demand for food with the increasing population worldwide. The agricultural micronutrients 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.

The report provides a detailed analysis of the agricultural micronutrients market, which is segmented into application mode, form, type, and crop type. The market size for agricultural micronutrients is also analyzed for the key regions which are North America, Europe, Asia-Pacific, and Rest of the World (RoW). The market is further segmented on the basis of the key countries in these regions.

In 2014, The Asia-Pacific region was the largest market accounting for 53% of the total volume of the global market, followed by North America accounting for 20.3% of the global market volume in 2014. The Asia-Pacific agricultural micronutrients market is estimated to show potential growth in the next five years. The largest market is for molybdenum. It accounted for 23.0% of the total agriculture micronutrients market in 2014.

The report provides a qualitative analysis of the leading players in the market. It also enumerates the development strategies preferred by these players. The market dynamics in terms of market drivers, restraints, opportunities, and challenges are discussed in detail in the report. Key players profiled in the report include AkzoNobel (The Netherlands), Yara International Ltd (Norway), BASF SE (Germany), Agrium Inc. (Canada), and Auriga Industries Ltd (Denmark). Other players include The Mosaic Company (U.S.), Coromandel International Ltd (India), Haifa Chemicals Ltd (Israel), Sapec SA (Spain), and Valagro (Italy).

Agricultural Micronutrients Market Share (Value), by Region, 2014

Agriculture Micronutrient Market

Source: Industry Journals, Related Publications, Company Publications, and MarketsandMarkets Analysis

Scope of the Report

This report focuses on the agricultural micronutrients market.

On the basis of region, the agricultural micronutrients market has been segmented as follows:

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World (RoW)

On the basis of type, the agricultural micronutrients market has been segmented as follows:

  • Zinc
  • Manganese
  • Copper
  • Iron
  • Boron
  • Molybdenum
  • Others (chlorine, nickel, and cobalt)

On the basis crop type, the agricultural micronutrients market has been segmented as follows:

  • Cereals & grains
  • Fruits & vegetables
  • Oilseeds & pulses
  • Others (floriculture, plantation, etc.)

On the basis form, the agricultural micronutrients market has been segmented as follows:

  • Chelated
  • Non-chelated

On the basis crop type, the agricultural micronutrients market has been segmented as follows:

  • Soil
  • Fertigation
  • Foliar
  • Other (seed treatment and hydroponics)

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
    1.4 Markets Covered
           1.4.1 Geographic Scope
           1.4.2 Periodization Considered for the Agricultural Micronutrients Market
    1.5 Currency Considered for the Agricultural Micronutrients Market
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 22)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries By Company Type, Designation & Region
    2.2 Factor Analysis
           2.2.1 Introduction
           2.2.2 Demand-Side Analysis
                    2.2.2.1 Rising Population
                    2.2.2.2 Decreasing Per Capita Arable Land
           2.2.3 Supply-Side Analysis
                    2.2.3.1 Increased Cereals Production
                    2.2.3.2 Increased Oilseeds Production
                    2.2.3.3 Global Rise in Vegetable Production
    2.3 Market Size Estimation
    2.4 Market Breakdown & Data Triangulation
    2.5 Market Share Estimation
    2.6 Research Assumptions & Limitations
           2.6.1 Assumptions
           2.6.2 Limitations

3 Executive Summary (Page No. - 33)

4 Premium Insights (Page No. - 37)
    4.1 Attractive Opportunities in Agricultural Micronutrients Market
    4.2 Soil Application: Leading Segment By Application Mode
    4.3 Molybdenum: Leading Segment By Type
    4.4 Asia-Pacific: Largest Agricultural Micronutrients Market
    4.5 Agricultural Micronutrients Market, By Form
    4.6 China Dominated the Agricultural Micronutrients Market, 2014
    4.7 Life Cycle Analysis: Asia-Pacific and North America Present Attractive Investment Opportunities

5 Market Overview (Page No. - 43)
    5.1 Introduction
    5.2 Evolution
    5.3 Market Segmentation
           5.3.1 Agricultural Micronutrients Market, By Application Mode
           5.3.2 Agricultural Micronutrients Market, By Crop Type
           5.3.3 Agricultural Micronutrients Market, By Type
           5.3.4 Agricultural Micronutrients Market, By Form
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Increasing Micronutrients 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
           5.4.4 Challenges
                    5.4.4.1 Micronutrients Toxicity

6 Industry Trends (Page No. - 54)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Supply Chain Analysis
           6.3.1 Prominent Companies
           6.3.2 End Users (Manufacturers/Consumers)
           6.3.3 Key Influencers
    6.4 Industry Insights
           6.4.1 Molybdenum Segment Dominates the Agricultural Micronutrients Market
           6.4.2 Zinc: Projected to Be the Fastest-Growing Segment in the Agricultural Micronutrients Market
    6.5 Porter’s Five Forces Analysis
           6.5.1 Intensity of Competitive Rivalry
           6.5.2 Bargaining Power of Suppliers
           6.5.3 Bargaining Power of Buyers
           6.5.4 Threat of New Entrants
           6.5.5 Threat of Substitutes
    6.6 Strategic Benchmarking
           6.6.1 Expansions & Product Portfolio Enhancement
           6.6.2 Acquisitions & Agreements

7 Agricultural Micronutrients Market, By Application Mode (Page No. - 63)
    7.1 Introduction
           7.1.1 Nutrition Application Matrix
    7.2 Soil Application Mode
    7.3 Foliar Application Mode
    7.4 Fertigation Application Mode
    7.5 Other Application Modes
           7.5.1 Seed Treatment
           7.5.2 Hydroponics

8 Agricultural Micronutrients Market, By Crop Type (Page No. - 74)
    8.1 Introduction
    8.2 Agricultural Micronutrients Market, By Crop Type, 2015-2020
    8.3 Cereals
    8.4 Oilseeds & Pulses
    8.5 Fruits & Vegetables
    8.6 Others

9 Agricultural Micronutrients Market, By Type (Page No. - 86)
    9.1 Introduction
    9.2 Zinc
           9.2.1 Functions of Zinc in Crop Growth
    9.3 Copper
           9.3.1 Functions of Copper in Plant Growth
    9.4 Iron
           9.4.1 Functions of Iron in Crop Growth
    9.5 Manganese
           9.5.1 Functions of Manganese in Plant Growth
    9.6 Boron
           9.6.1 Functions of Boron in Plant Growth
    9.7 Molybdenum
           9.7.1 Functions of Molybdenum in Plant Growth
    9.8 Others
           9.8.1 Chlorine
                    9.8.1.1 Functions of Chlorine in Plant Growth

10 Agricultural Micronutrients Market, By Form (Page No. - 100)
     10.1 Introduction
     10.2 Agricultural Micronutrients Market, By Form
     10.3 Agricultural Micronutrients Market, By Form
     10.4 Chelated
             10.4.1 Ethylenediaminetetraacetic Acid (EDTA)
             10.4.2 Ethylenediamine Di-2-Hydroxyphenyl Acetate (EDDHA)
             10.4.3 Diethylene Triamine Pentaacetic Acid (DTPA)
             10.4.4 Hydroxybenzyl Ethylenediamine Diacetic Acid(HBED)
             10.4.5 D,L-Aspartic Acid N-(1,2-Dicarboxyethyl) Tetrasodium Salt (IDHA)
     10.5 Non-Chelated

11 Agricultural Micronutrients Market, By Region (Page No. - 108)
     11.1 Introduction
     11.2 North America
             11.2.1 U.S.
             11.2.2 Canada
             11.2.3 Mexico
     11.3 Europe
             11.3.1 U.K.
             11.3.2 Spain
             11.3.3 Italy
             11.3.4 Germany
             11.3.5 France
             11.3.6 Poland
     11.4 Asia-Pacific
             11.4.1 China
             11.4.2 India
             11.4.3 Australia
             11.4.4 New Zealand
     11.5 Rest of the World (RoW)
             11.5.1 Brazil
             11.5.2 Argentina
             11.5.3 South Africa

12 Competitive Landscape (Page No. - 145)
     12.1 Overview
     12.2 Agricultural Micronutrients Market Share Analysis
     12.3 Competitive Situation & Trends
             12.3.1 Acquisitions
             12.3.2 Expansions & Agreements, Collaborations, Partnerships & Joint Ventures
             12.3.3 New Product Launches
             12.3.4 Investments, Divestments, and Dissolutions

13 Company Profiles (Page No. - 154)
(Overview, Products & Services, Strategies & Insights, Developments and MnM View)*
     13.1 Introduction
     13.2 Agrium Inc.
     13.3 Akzonobel N.V.
     13.4 BASF SE
     13.5 Auriga Industries A/S
     13.6 The Mosaic Company
     13.7 Coromandel International Ltd.
     13.8 Haifa Chemicals Ltd.
     13.9 SAPEC SA
     13.10 Valagro
     13.11 Yara International ASA

*Details on Overview, Products & Services, Strategies & Insights, Developments and MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 183)
     14.1 Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Company Developments
             14.3.1 Acquisitions
             14.3.2 Expansion & Agreements, Collaborations, Partnerships & Joint Ventures
             14.3.3 New Product Launches
     14.4 Introducing RT: Real Time Market Intelligence
     14.5 Available Customizations
     14.6 Related Reports


List of Tables (95 Tables)

Table 1 Functions of Micronutrients in Crop Growth
Table 2 Relative Responsiveness of Selected Crops to Micronutrients
Table 3 Impact of Key Drivers on the Agricultural Micronutrients Market
Table 4 Health Issues Faced Due to Consumption of Processed Foods are Majorly Restraining the Growth of the Market
Table 5 Nutrition Application Matrix
Table 6 Agricultural Micronutrients Market Size, By Application Mode, 2013-2020 ($Million)
Table 7 Agricultural Micronutrients Market Size, By Application Mode, 2013-2020 (000’ MT)
Table 8 Soil Application in Agricultural Micronutrients Market Size, By Region, 2013-2020 ($Million)
Table 9 Soil Application in Agricultural Micronutrients Market Size, By Region, 2013-2020 (000’ MT)
Table 10 Foliar in Agricultural Micronutrients Market Size, By Region, 2015-2020 ($Million)
Table 11 Foliar in Agricultural Micronutrients Market Size, By Region, 2015-2020 (000’ MT)
Table 12 Fertigation in Agricultural Micronutrients Market Size, By Region, 2013-2020, ($Million)
Table 13 Fertigation in Agricultural Micronutrients Market Size, By Region, 2013-2020 (000’ MT)
Table 14 Others Application Modes in Agricultural Micronutrients Market Size, By Region, 2013-2020 ($Million)
Table 15 Others Application Modes in Agricultural Micronutrients Market Size, By Region, 2013-2020 (000’ MT)
Table 16 Agricultural Micronutrients Market Size, By Crop Type, 2013-2020 ($Million)
Table 17 Agricultural Micronutrients Market Size, By Crop Type, 2013-2020 (000’ MT)
Table 18 Cereals Market Size, By Region, 2013-2020 ($Million)
Table 19 Cereals Market Size, By Region, 2013-2020 (000’ MT)
Table 20 Oilseeds & Pulses Market Size, By Region, 2013-2020 ($Million)
Table 21 Oilseeds & Pulses Market Size, By Region, 2013-2020 (000’ MT)
Table 22 Fruits & Vegetables Market Size, By Region, 2013-2020 ($Million)
Table 23 Fruits & Vegetables Market Size, By Region, 2013-2020 (000’ MT)
Table 24 Others Market Size, By Region, 2013-2020 ($Million)
Table 25 Others Market Size, By Region, 2013-2020 (000’ MT)
Table 26 Agricultural Micronutrients Market Size, By Type, 2013-2020 ($Million)
Table 27 Agricultural Micronutrients Market Size, By Type, 2013-2020 (000’ MT)
Table 28 Zinc Micronutrients Market Size, By Region, 2013-2020 ($Million)
Table 29 Zinc Micronutrients Market Size, By Region, 2013-2020 (000’ MT)
Table 30 Copper Micronutrients Market Size, By Region, 2013-2020 ($Million)
Table 31 Copper Micronutrients Market Size, By Region, 2013-2020 (000’ MT)
Table 32 Iron Micronutrients Market Size, By Region, 2013-2020 ($Million)
Table 33 Iron Micronutrients Market Size, By Region, 2013-2020 (000’ MT)
Table 34 Manganese Micronutrients Market Size, By Region, 2013-2020 ($Million)
Table 35 Manganese Micronutrients Market Size, By Region, 2013-2020 (000’ MT)
Table 36 Boron Micronutrients Market Size, By Region, 2013-2020 ($Million)
Table 37 Boron Micronutrients Market Size, By Region, 2013-2020 (000’ MT)
Table 38 Molybdenum Micronutrients Market Size, By Region, 2013-2020 ($Million)
Table 39 Molybdenum Micronutrients Market Size, By Region, 2013-2020(000’ MT)
Table 40 Other Micronutrients Market Size, By Region, 2013-2020 ($Million)
Table 41 Other Micronutrients Market Size, By Region, 2013-2020 (000’ MT)
Table 42 Agricultural Micronutrients, By Form, Solubility & Content
Table 43 Standard vs Chelated Micronutrients
Table 44 Agricultural Micronutrients Market Size, By Form, 2013-2020 ($Million)
Table 45 Agricultural Micronutrients Market Size, By Form, 2013-2020 (000’ MT)
Table 46 Chelated Micronutrients Market Size, By Region, 2013-2020 ($Million)
Table 47 Chelated Micronutrients Market Size, By Region, 2013-2020 (000’ MT)
Table 48 Non-Chelated Micronutrients Market Size, By Region, 2013-2020 ($Million)
Table 49 Non-Chelated Micronutrients Market Size, By Region, 2013-2020 (000’ MT)
Table 50 Agricultural Micronutrients Market Size, By Region, 2013-2020 ($Million)
Table 51 Agricultural Micronutrients Market Size, By Region, 2013-2020 (000’ MT)
Table 52 North America: Agricultural Micronutrients Market Size, By Country, 2013-2020 ($Million)
Table 53 North America: Agricultural Micronutrients Market Size, By Country, 2013-2020 (000’ MT)
Table 54 U.S.: Agricultural Micronutrients Market Size, By Type, 2013-2020 ($Million)
Table 55 U.S.: Agricultural Micronutrients Market Size, By Type, 2013-2020 (000’ MT)
Table 56 Canada: Agricultural Micronutrients Market Size, By Type, 2013-2020 ($Million)
Table 57 Canada: Agricultural Micronutrients Market Size, By Type, 2013-2020 (000’ MT)
Table 58 Mexico: Agricultural Micronutrients Market Size, By Type, 2013-2020 ($Million)
Table 59 Mexico: Agricultural Micronutrients Market Size, By Type, 2013-2020 (000’ MT)
Table 60 Europe: Agricultural Micronutrients Market Size, By Country, 2013-2020 ($Million)
Table 61 Europe: Agricultural Micronutrients Market Size, By Country, 2013-2020 (000’ MT)
Table 62 U.K.: Agricultural Micronutrients Market Size, By Type, 2013-2020 ($Million)
Table 63 U.K.: Agricultural Micronutrients Market Size, By Type, 2013-2020 (000’ MT)
Table 64 Spain: Agricultural Micronutrients Market Size, By Type, 2013-2020 ($Million)
Table 65 Spain: Agricultural Micronutrients Market Size, By Type, 2013-2020 (000’ MT)
Table 66 Italy: Agricultural Micronutrients Market Size, By Type, 2013-2020 ($Million)
Table 67 Italy: Agricultural Micronutrients Market Size, By Type, 2013-2020 (000’ MT)
Table 68 Germany: Agricultural Micronutrients Market Size, By Type, 2013-2020 ($Million)
Table 69 Germany: Agricultural Micronutrients Market Size, By Type, 2013-2020 (000’ MT)
Table 70 France: Agricultural Micronutrients Market Size, By Type, 2013-2020 ($Million)
Table 71 France: Agricultural Micronutrients Market Size, By Type, 2013-2020 (000’ MT)
Table 72 Poland: Agricultural Micronutrients Market Size, By Type, 2013-2020 ($Million)
Table 73 Poland: Agricultural Micronutrients Market Size, By Type, 2013-2020 (000’ MT)
Table 74 Asia-Pacific: Agricultural Micronutrients Market Size, By Country, 2013-2020 ($Million)
Table 75 Asia-Pacific: Agricultural Micronutrients Market Size, By Country, 2013-2020 (000’ MT)
Table 76 China: Agricultural Micronutrients Market Size, By Type, 2013-2020 ($Million)
Table 77 China: Agricultural Micronutrients Market Size, By Type, 2013-2020 (000’ MT)
Table 78 India: Agricultural Micronutrients Market Size, By Type, 2013-2020 ($Million)
Table 79 India: Agricultural Micronutrients Market Size, By Type, 2013-2020 (000’ MT)
Table 80 Australia: Agricultural Micronutrients Market Size, By Type, 2013-2020 ($Million)
Table 81 Australia: Agricultural Micronutrients Market Size, By Type, 2013-2020 (000’ MT)
Table 82 New Zealand: Agricultural Micronutrients Market Size, By Type, 2013-2020 ($Million)
Table 83 New Zealand: Agricultural Micronutrients Market Size, By Type, 2013-2020 (000’ MT)
Table 84 RoW: Agricultural Micronutrients Market Size, By Country, 2013-2020 ($Million)
Table 85 RoW: Agricultural Micronutrients Market Size, By Country, 2013-2020 (000’ MT)
Table 86 Brazil: Agricultural Micronutrients Market Size, By Type, 2013-2020 ($Million)
Table 87 Brazil: Agricultural Micronutrients Market Size, By Type, 2013-2020 (000’ MT)
Table 88 Argentina: Agricultural Micronutrients Market Size, By Type, 2013-2020 ($Million)
Table 89 Argentina: Agricultural Micronutrients Market Size, By Type, 2013-2020 (000’ MT)
Table 90 South Africa : Agricultural Micronutrients Market Size, By Type, 2013-2020 ($Million)
Table 91 South Africa: Agricultural Micronutrients Market Size, By Type, 2013-2020 (000’ MT)
Table 92 Acquisitions, 2010–2014
Table 93 Expansions & Agreements, Collaborations, Partnerships & Joint Ventures, 2010–2015
Table 94 New Product Launches, 2010–2014
Table 95 Investments, Divestments, and Dissolutions, 2012–2013


List of Figures (74 Figures)

Figure 1 Agricultural Micronutrients Market Segmentation
Figure 2 Agricultural Micronutrients: Research Design
Figure 3 Global Population is Projected to Reach ~9.5 Billion By 2050
Figure 4 Global Arable Land, 2008-2012
Figure 5 Global Cereals Production, 2009–2013 (Thousand Tons)
Figure 6 Global Oilseeds Production, 2009–2013 (Thousand Tons)
Figure 7 Global Vegetables Production, 2009–2013 (Thousand Tons)
Figure 8 Market Size Estimation Methodology: Bottom-Up Approach
Figure 9 Market Size Estimation Methodology: Top-Down Approach
Figure 10 Data Triangulation Methodology
Figure 11 Agricultural Micronutrients Market Snapshot (2015 vs 2020)
Figure 12 Agricultural Micronutrients in Soil to Hold Largest Market Share By 2020
Figure 13 Agricultural Micronutrients Market, By Region, 2014
Figure 14 Top Five Fastest-Growing Markets (Countries)
Figure 15 Largest Markets Projected to Be in Asia-Pacific
Figure 16 Attractive Opportunities in Agricultural Micronutrients Market
Figure 17 Soil Application: Projected to Be the Largest Segment
Figure 18 Molybdenum: Largest Market for the Next Five Years
Figure 19 Cereals Segment Accounted for Largest Share in the Global Agricultural Micronutrients Market, 2014
Figure 20 Agricultural Micronutrients Market, By Form: Non-Chelated Dominated the Market
Figure 21 China Dominated the Global Agricultural Micronutrients Market
Figure 22 Asia-Pacific Region to Provide Immense Opportunities for Agricultural Micronutrients Market Growth
Figure 23 Agricultural Micronutrients Market Evolution
Figure 24 Agricultural Micronutrients Market, By Application Mode
Figure 25 Agricultural Micronutrients Market, By Crop Type
Figure 26 Agricultural Micronutrients Market, By Type
Figure 27 Agricultural Micronutrients Market, By Form
Figure 28 Increasing Micronutrients Deficiency and Shrinkage in Agricultural Land Around the Globe Will Drive the Market
Figure 29 Global Arable Land Per Person, 2008-2012 ( Hectares)
Figure 30 Production Process Plays A Major Role in the Value Chain of Agricultural Micronutrients
Figure 31 Manufacturers of Dry & Spray Formulation: Integral Part of Supply Chain of Agricultural Micronutrients Market
Figure 32 Molybdenum Segment Dominates the Agricultural Micronutrients Market, 2014
Figure 33 Asia-Pacific is the Largest Market for Zinc Segment
Figure 34 Porter’s Five Forces Analysis: Agricultural Micronutrients Market
Figure 35 Strategic Benchmarking: Akzonobel N.V. & Auriga Industries Ltd. Adopted Inorganic Growth Strategies in the Agricultural Micronutrients Market
Figure 36 Strategic Benchmarking: Key Players Increasing Their Product Portfolio and Geographical Presence
Figure 37 Agricultural Micronutrients Market, By Application Mode: A Snapshot
Figure 38 Agricultural Micronutrients Market: Foliar Projected to Be the Fastest-Growing Segment Between 2015 and 2020
Figure 39 Soil Application Mode: Fastest-Growing Segment
Figure 40 Foliar Application: Market Growth (2015-2020)
Figure 41 Demand for Cereals, Fruits & Vegetables Dominates the Global Agricultural Micronutrients Market, 2015 vs 2020 ($Million)
Figure 42 Cereals: Fastest-Growing Market Segment
Figure 43 Corn: Largest Market Segment in Cereals
Figure 44 Asia-Pacific: Largest Upcoming Market for Cereals, 2015-2020
Figure 45 Soybean: Largest Market Segment in Oilseeds & Pulses
Figure 46 Tomatoes: Largest Market Segment in Fruits & Vegetables
Figure 47 Increasing Harvested Area for Fruits & Vegetables, 2009-2013 (Million Hectares)
Figure 48 Agricultural Micronutrients, By Type: A Snapshot
Figure 49 Molybdenum Micronutrients: Market Growth (2015-2020)
Figure 50 Global Agricultural Chelates Market Share (Volume), By Agent, 2014
Figure 51 Geographic Snapshot (2015-2020): Rapidly Growing Markets are Emerging as New Hotspots
Figure 52 North American Agricultural Micronutrients Market: A Snapshot
Figure 53 European Agricultural Micronutrients Market, By Type: A Snapshot, 2014
Figure 54 Italy: Largest Share in European Agricultural Micronutrients Market, 2014
Figure 55 Asia-Pacific Agricultural Micronutrients Market: A Snapshot
Figure 56 Acquisitions and Agreements Were Preferred By Key Agricultural Micronutrients Companies From 2010 to 2014
Figure 57 Agricultural Micronutrients Market Share, By Key Player, 2010 to January 2015
Figure 58 Acquisitions Fueled Growth & Innovation of Agricultural Micronutrients Between 2010 and 2015
Figure 59 Battle for Market Share (2010-2015): Acquisitions & Agreements Were the Key Strategies
Figure 60 Geographical Revenue Mix of Top 5 Market Players
Figure 61 Agrium Inc. : Company Snapshot
Figure 62 Agrium Inc.: SWOT Analysis
Figure 63 Akzonobel N.V.: Company Snapshot
Figure 64 Akzonobel N.V.: SWOT Analysis
Figure 65 BASF SE: Company Snapshot
Figure 66 BASF SE: SWOT Analysis
Figure 67 Auriga Industries A/S: Company Snapshot
Figure 68 Auriga Industries A/S: SWOT Analysis
Figure 69 The Mosaic Company: Company Snapshot
Figure 70 The Mosaic Company: SWOT Analysis
Figure 71 Coromandel International Ltd.: Company Snapshot
Figure 72 SAPEC SA: Company Snapshot
Figure 73 Yara International ASA: Business Overview
Figure 74 Yara International ASA: SWOT Analysis

Micronutrients are essential elements that are used for the growth and regulation of the plant’s vital physiological activities. Agriculture micronutrients market growth has increased progressively because of increased global micronutrient deficiency in soil and shrinkage in the world’s agricultural land and intensive agricultural practices. The increase in demand from industries such as cereals, fruits & vegetables, and oilseeds & pulses is driving the agricultural micronutrients market. Agricultural micronutrients manufacturers have focused on research and development in order to produce new formulations and innovative application modes for the delivery of micronutrients. The main micronutrients for crop are zinc, copper, boron, iron, manganese, and molybdenum.

The market for agriculture micronutrients was valued $4.8 Billion in 2014, and is projected to reach $7.6 Billion by 2020, at a CAGR of 8.1%. In 2014, the Asia-Pacific region was the largest market and is projected to reach $4.1 Billion by 2020. This region is also the fastest-growing market and is projected to grow at a CAGR of 8.3% during the period under review.

The agricultural micronutrients market is segmented on the basis of key types, crop types, forms, application modes, and regions. In the type segment, molybdenum formed the largest market for agricultural micronutrients in 2014. In the crop type segment, cereals formed the largest market in 2014. In the application mode segment, the soil mode of application formed the largest market in 2014.

Agricultural Micronutrients Market Size, by Type, 2015 vs. 2020 ($Million)

Agriculture Micronutrient Market

E – Estimated; P - Projected
Source: Industry Journals, Related Publications, Company Publications, and MarketsandMarkets Analysis

The agricultural micronutrients market is fragmented, with the leading companies driving the growth. The report provides qualitative analysis of the prominent market players and their preferred development strategies. Key players such as AkzoNobel (The Netherlands), Yara International Ltd (Norway), BASF SE (Germany), Agrium Inc. (Canada), and Auriga Industries Ltd (Denmark) have been profiled in the report. The leading players have adopted expansion as their key development strategy to explore new and untapped markets, expanding in local areas of emerging markets and constructing a new customer base for long-term client relationships. This has not only enabled the key players to expand their geographical reach, but has also reinforced their market position by gaining a larger share in terms of revenues and product portfolios. Small-scale players also adopted this strategy to expand their businesses, globally, by investing in the establishment of manufacturing facilities and technical service centers in various regions. This inorganic growth strategy is an important proposition for smaller companies, enabling them to improve their technical expertise through intensive R&D infrastructure offered by the bigger players.

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