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Agricultural Micronutrients Market worth 8.05 Billion USD by 2021
The report "Agricultural Micronutrients Market by Type (Zinc, Boron, Copper, Manganese, Molybdenum & Iron), Mode of Application (Soil, Foliar & Fertigation), Form (Chelated & Non-Chelated), Crop Type, and by Region - Global Trends & Forecast to 2021", The agricultural micronutrients market is projected to reach a value of USD 8.05 Billion by 2021, at a CAGR of 8.2% from 2016. The market is driven by factors such as increasing soil deficiencies, increasing demand of biofuels, macronutrients antagonism, and increasing demand of high-quality yield. The high growth potential in emerging markets and untapped regions provides new growth opportunities for the market players.
Browse 118 market data Tables and 66 Figures spread through 179 Pages and in-depth TOC on "Agricultural Micronutrients Market by Type (Zinc, Boron, Copper, Manganese, Molybdenum & Iron), Mode of Application (Soil, Foliar & Fertigation), Form (Chelated & Non-Chelated), Crop Type, and by Region - Global Trends & Forecast to 2021"
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Zinc micronutrient segment to be the fastest growing on the basis of type between 2016 and 2021
The zinc micronutrients segment is projected to grow at the highest CAGR from 2016 to 2021. It drives the many metabolic reactions in all crops and maintains growth. Furthermore, the use of zinc as micronutrients is increasing as the demand for zinc in food is growing around the globe.
Cereals segment depicts high potential for the agricultural micronutrients market
The cereals segment is the highest growing among all crop types of the agricultural micronutrients market. The production of cereals is becoming more intensive and vertically integrated due to continuous technological advancements and the growing demand. The global demand for cereal grains is expected to increase in the future, especially in the developing regions such as Asia and Latin America.
Significant growth for agricultural micronutrients is observed in the Asia-Pacific region
Asia-Pacific has a high growth potential for agricultural micronutrients as this region has many emerging countries such as China, India, and Japan. Moreover, factors such as a high demand for nutritive food and sustainable crop yields, increasing investment in agriculture sector, and the management of crop production costs are driving the growth of the agricultural micronutrients market in this region.
This report includes a study of the marketing and development strategies, along with the product portfolio of the leading companies. It includes the profiles of leading companies, such as Agrium Inc. (U.S.), BASF SE (Germany), Akzonobel N.V. (Netherlands), Yara International ASA (Norway), and The Mosaic Company (U.S.).
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