Agricultural Micronutrients Market by Type (Zinc, Boron, Iron, Manganese, Molybdenum, and Copper), By Mode of Application (Soil, Foliar, and Fertigation), Form (Chelated and Non-Chelated micronutrients), Crop Type, and Region Global Forecast to 2025
Agricultural Micronutrients Market
Global Agricultural Micronutrients Market is expected to grow at a CAGR of 8.7%
Market dynamics for agricultural micronutrients continue to evolve on the basis of key drivers and restraints. Micronutrients are of growing importance in crop nutrition because of the increased demand from higher-yielding crops and intensive cropping. With the growing population around the globe and the decrease in arable land, the need for micronutrients for improving crop yield becomes essential. . The key drivers and restraints in agricultural micronutrients market are enlisted below.
Key drivers for agricultural micronutrients include:
- Increasing micronutrient deficiency in soil
- Rising focus on crop production and quality
- Supporting policies from the government
Restraints impeding the market include:
- Booming Organic fertilizer industry
- Bio-accumulation of non-biodegradable chelates
The dominance of the fruits & vegetables segment is attributed to the increasing consumption of micronutrients for these crops, particularly in the Asian and North American countries. The high export potential of fruits & vegetables has led to an increase in production levels. This has propelled the requirement of micronutrient products for efficient usage of agricultural inputs in order to meet export quality standards. The leading crop segments are ranked below by their application.
- Fruits and vegetables
- Cereals and grains
- Oilseeds and pulses
- Other crop types
The rising concern toward food security and growth in the consumption of high nutritive food products by consumers has propelled the adoption of agricultural micronutrients in the developed regions. Several agrochemical and specialty chemical manufacturers have developed agricultural micronutrients. The leading players in the agricultural micronutrients market are listed below.
Top players in agricultural micronutrients include:
- BASF SE
- Yara International ASA
- The Mosaic Company
- Nutrien Ltd
- Nouryon
- Compass Minerals International
- Nufarm Ltd
- Helena Chemical Company
- Land O’Lakes
- Corteva Agriscience
The agricultural micronutrients market includes certain progressive companies, which, though are in the initial stages of development, have done exceedingly well in terms of product portfolio and business strategy. The startups in the agricultural micronutrients market are listed below.
Top 10 Start-ups in agricultural micronutrients include:
- BMS Micro-Nutrients NV
- Van Iperen International
- ATP Nutrition
- Baicor LC
- Grow More Inc
- Adler Agro
- OMEX Agriculture
- Axter Agroscience
- Zuari Agrochemicals Limited
- Solufeed Ltd.
[204 Pages Report] The global agricultural micronutrients market is estimated to be valued at USD 3.6 billion in 2020 and is projected to reach a value of USD 5.4 billion by 2025, growing at a CAGR of 8.7% during the forecast period. Factors such as the rise in micronutrient deficiencies in the soil and growing awareness about food security are projected to drive the growth of the agricultural micronutrients market.
By crop type, the fruits & vegetables segment is projected to be the fastest-growing segment in the agricultural micronutrients market during the forecast period.
The trend of consuming fruits has witnessed a growth in the past two decades, and this trend is projected to continue in the coming years. According to the FAO, the global production levels of the fruits and the vegetables has raised from 108 hundred metric tons in 2007 to 141 hundred metric tons in 2017. The increasing exports of fruits & vegetables have also led to an increase in the crop plantation area, which has resulted in a rise in their production levels. Hence, the crop sustaining and protecting the chemicals market for fruits & vegetables is projected to witness significant growth.
By type, the zinc segment is projected to dominate the agricultural micronutrients market during the forecast period.
Soil deficiencies of zinc are vastly recorded in regions of Asia (Turkey, India, China and Indonesia), sub-Saharan Africa and the northwestern region of South America.
According to a report on ¡°Scarcity of micronutrients in soil, feed, food, and mineral reserves¡± by ¡°The Platform for Agriculture, Innovation & Society,¡± an estimated 800,000 people die every year from zinc deficiency, which is similar to the total mortality rate from malaria. The mineral reserves for raw material supply, seem to be most restrictive for zinc. At the current production rates of mining, the known reserves are sufficient for only 21 years. Thus, the market for the same is driven towards growth, as it is an important micronutrient and the governments across the globe are making efforts to curb its deficiency through increasing its content in the agricultural produce.
By form, the chelated segment is projected to be the fastest-growing segment in the agricultural micronutrients market during the forecast period.
Chelated micronutrients are organic molecules that combine with metal cation to form a ring-like structure. Chelated micronutrients are available in different ranges of soil pH. Some of the most commonly used chelating agents during the production of synthetic micronutrient chelates are ethylene diamine-tetra-acetic acid (EDTA), diethylene-triamine Penta-acetic acid (DTPA), and ethylenediamine-N, N¡ä-bis (2-hydroxyphenyl acetic acid) (EDDHA). Moreover, due to the stable nature of chelated compounds, the adoption of chelated micronutrients is projected to grow at a faster pace.
The increasing demand for various crops in the Asia Pacific regions is driving the growth of the agricultural micronutrients market.
The increasing agricultural practices and requirement of high-quality agricultural produce are factors that drive the micronutrient fertilizer market growth in the Asia Pacific region. According to the World Bank, about 56.2% and 60.4% of the entire land area were accounted for as agricultural land in China and India, respectively, in 2015. Major crops produced in Asia include rice, sugar beet, fruits & vegetables, cereals, and grains; the region consumes 90% of the global rice produced. There is a huge demand for agricultural micronutrients market in Asia Pacific due to the direct use of micronutrients to treat plant deficiencies and are often sprayed in combination or as additives to NPK products.
Key Market Players
Key players in this market include BASF SE (Germany), AkzoNobel (Netherlands), Nutrien, Ltd.(Canada), Yara International ASA (Norway), The Mosaic Company (US), Compass minerals international (US), and Valagro (Italy). These major players in this market are focusing on increasing their presence through expansions & investments, mergers & acquisitions, partnerships, joint ventures, and agreements. They show a strong presence in North America, Asia Pacific, and Europe. And also have manufacturing facilities, along with strong distribution networks across these regions.
Scope of the report
|
Report Metric |
Details |
|
Market size available for years |
2017-2025 |
|
Base year considered |
2018 |
|
Forecast period |
2019-2025 |
|
Forecast units |
Value (USD) |
|
Segments covered |
Type, Crop Type, Form, and Mode of Application |
|
Geographies covered |
North America, Europe, Asia Pacific, South America, and RoW |
|
Companies covered |
BASF SE (Germany), AkzoNobel (Netherlands), Nutrien, Ltd.(Canada), Nufarm (Australia), Coromandel International Ltd. (India), Helena Chemical Company (US), Yara International ASA (Norway), The Mosaic Company (US), Haifa Group (Israel), Sapec SA (Belgium), Compass minerals international (US), Valagro (Italy), Zuari Agrochemicals Ltd (India), Stoller Enterprises Inc (US), Balchem (US), ATP Nutrition (Canada), Baicor LC (US), Corteva Inc (US), and BMS Micronutrient NV (Belgium). |
This research report categorizes the agricultural micronutrients market based on crop type, application method, form, type, technology, and region.
On the basis of type, the agricultural micronutrients market has been segmented as follows:
- Zinc
- Boron
- Iron
- Manganese
- Molybdenum
- Others (Chlorine and Nickel)
On the basis of crop type, the agricultural micronutrients market has been segmented as follows:
- Cereals & grains
- Oilseeds & pulses
- Fruits & vegetables
- Others (Turfs, ornamentals, plantation crops, forages, and fiber crops)
On the basis of form, the agricultural micronutrients market has been segmented as follows:
- Chelated
- Non-Chelated
On the basis of mode of application, the agricultural micronutrients market has been segmented as follows:
- Soil
- Foliar
- Fertigation
- Others (Seed treatment, trunk injection, and implantation)
On the basis of region, the agricultural micronutrients market has been segmented as follows:
- North America
- Europe
- Asia Pacific
- South America
- Rest of World (RoW)*
* RoW includes South Africa, Turkey, and other countries in RoW.
Recent Developments:
- In March 2020, The Mosaic Company entered into an agreement with the Technology Research Centre (FTRC) at the University of Adelaide in Australia to focus on enhanced fertilizer efficiency.
- In December 2019, Compass Minerals announced the launch of rocket Seeds Moly Shine seed finisher which has the benefit of micronutrient. This launch marks a new addition to the company¡¯s Plant Nutrition business unit.
- In October 2019, Valagro renewed its distribution agreement with Just Agrotech (China) which is a leading agricultural technology enterprise in China. This agreement would help the company in market penetration.
- In September 2019, Nutrien closed the acquisition of Ruralco Holdings Limited (Ruralco) in Australia which would help the company to enhance the delivery of products and services to Australian farmers.
- In August 2018, BASF closed the acquisition of businesses and a range of assets from Bayer, which would help the company to strengthen the market position in agricultural solutions.
- In April 2018, AkzoNobel Specialty Chemicals entered into a co-operation agreement with INEOS Nitriles, which allowed AkzoNobel to expand its production of biodegradable chelates used in detergents and other industries by utilizing one of INEOS Nitriles¡¯ chemical products.
- In January 2018, Yara International signed an agreement to partner with the Veolia group is (France), the global leader in optimized resource management. The partnership will scale up nutrient recycling in the European food and agricultural chain.
Key questions addressed by the report:
- What are the factors that would drive the growth of the agricultural micronutrients market?
- Which are the major players in the agricultural micronutrients market?
- How would the adoption of chelated micronutrients impact the global market for micronutrients?
- Which growth strategies are adopted by various key players to improve their position in the market?
- Which crops require higher application of micronutrients, and why?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 20)
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 REGIONAL SEGMENTATION
1.4 PERIODIZATION CONSIDERED
1.5 CURRENCY CONSIDERED
1.6 UNIT CONSIDERED
1.7 STAKEHOLDERS
2 RESEARCH METHODOLOGY (Page No. - 26)
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key Data from Secondary Sources
2.1.2 PRIMARY DATA
2.1.2.1 Key Data from Primary Sources
2.1.2.2 Breakdown of Primaries
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN & DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS & LIMITATIONS
2.4.1 ASSUMPTIONS
2.4.2 LIMITATIONS OF THE STUDY
3 EXECUTIVE SUMMARY (Page No. - 35)
4 PREMIUM INSIGHTS (Page No. - 39)
4.1 OPPORTUNITIES IN THE AGRICULTURAL MICRONUTRIENTS MARKET
4.2 AGRICULTURAL MICRONUTRIENTS MARKET, BY FORM
4.3 ASIA PACIFIC: AGRICULTURAL MICRONUTRIENTS MARKET, BY FORM & KEY COUNTRY
4.4 AGRICULTURAL MICRONUTRIENTS MARKET, BY CROP TYPE & REGION
4.5 KEY MARKETS, BY KEY COUNTRY
5 MARKET OVERVIEW (Page No. - 43)
5.1 INTRODUCTION
5.2 MACROECONOMIC INDICATORS
5.2.1 DECREASING ARABLE LAND AROUND THE GLOBE
5.2.2 GROWING PRODUCTION OF HIGH-VALUE CROPS
5.2.3 GROWING IMPORTANCE OF MICRONUTRIENTS IN HUMAN CONSUMPTION
5.3 MARKET DYNAMICS
5.3.1 DRIVERS
5.3.1.1 Increasing micronutrient deficiency in soil
5.3.1.2 Rising focus on crop production and quality
5.3.1.3 Supporting policies from the government
5.3.2 RESTRAINTS
5.3.2.1 Booming Organic fertilizer industry
5.3.2.2 Bio-accumulation of non-biodegradable chelates
5.3.3 OPPORTUNITIES
5.3.3.1 Development of biodegradable chelates
5.3.4 CHALLENGES
5.3.4.1 Poor awareness among the developing regions regarding the benefits of micronutrients
5.3.4.2 Need for sustainable sourcing of raw materials
5.4 REGULATORY FRAMEWORK
5.4.1 NORTH AMERICA
5.4.1.1 US
5.4.2 ASIA PACIFIC
5.4.2.1 Australia
5.4.2.2 China
5.4.3 SOUTH AFRICA
6 AGRICULTURAL MICRONUTRIENTS MARKET, BY TYPE (Page No. - 52)
6.1 INTRODUCTION
6.2 ZINC
6.2.1 ZINC-BASED FERTILIZER DEMAND OBSERVED TO BE STABLE IN THE MARKET AS IT IS A SCARCE NUTRIENT ACROSS THE GLOBE
6.3 BORON
6.3.1 COMPLEX SOIL CONDITIONS AND PLANT PHYSIOLOGIES MAKE IT DIFFICULT TO MANAGE THE SUPPLEMENTATION OF BORON
6.4 IRON
6.4.1 THE UNABSORBABLE EXISTENT FORM OF IRON FUELS THE DEMAND IN THE AGRICULTURAL SECTOR
6.5 MOLYBDENUM
6.5.1 DEMAND FOR MOLYBDENUM HIGHER AMONG THE FARMERS UNDERTAKING LEGUMINOUS CROPS
6.6 COPPER
6.6.1 COPPER HAS MAJOR ROLE IN CARBOHYDRATE AND NITROGEN METABOLISM
6.7 MANGANESE
6.7.1 IRREGULAR DEPOSITS OF MANGANESE ACROSS REGIONS FUEL DEMAND IN REGIONS EXPERIENCING A DEFICIT
6.8 OTHER TYPES
7 AGRICULTURAL MICRONUTRIENTS MARKET, BY CROP TYPE (Page No. - 66)
7.1 CONNECTED MARKET: NPK (N+P2O5+K2O) FERTILIZERS
7.2 INTRODUCTION
7.3 CEREALS & GRAINS
7.3.1 MICRONUTRIENT DEFICIENCIES IN MAJOR STAPLE CROPS TO DRIVE THE AGRICULTURAL MICRONUTRIENTS MARKET
7.3.1.1 Corn
7.3.1.2 Wheat
7.3.1.3 Rice
7.3.1.4 Others
7.4 FRUITS & VEGETABLES
7.4.1 INCREASING CONCERN TOWARD BALANCED NUTRITION TO DRIVE THE AGRICULTURAL MICRONUTRIENTS MARKET
7.5 OILSEEDS & PULSES
7.5.1 INCREASE IN DEMAND FROM THE FEED INDUSTRY FOR OILSEEDS TO PROMOTE THE APPLICATION OF MICRONUTRIENTS
7.5.1.1 Soybean
7.5.1.2 Canola
7.5.1.3 Others
7.6 OTHER CROP TYPES
8 AGRICULTURAL MICRONUTRIENTS MARKET, BY FORM (Page No. - 76)
8.1 INTRODUCTION
8.2 CHELATED MICRONUTRIENTS
8.2.1 INCREASED BIOAVAILABILITY OF MICRONUTRIENTS DUE TO THE ADOPTION OF CHELATED MICRONUTRIENTS
8.2.1.1 Ethylene diamine-tetra-acetic acid (EDTA)
8.2.1.2 Ethlyenediamine Di-2-Hydroxyphenyl Acetate (EDDHA)
8.2.1.3 Diethylene-triamine penta-acetic acid (DTPA)
8.2.1.4 Iminodisuccinic Acid (IDHA)
8.2.1.5 Other Chelated Micronutrients
8.3 NON-CHELATED MICRONUTRIENTS
8.3.1 CHEAPER RATES OF NON-CHELATED MICRONUTRIENTS TO DRIVE THE AGRICULTURAL MICRONUTRIENTS MARKET
9 AGRICULTURAL MICRONUTRIENTS MARKET, BY MODE OF APPLICATION (Page No. - 84)
9.1 INTRODUCTION
9.2 SOIL
9.2.1 REDUCED COST AND UNIFORM DISTRIBUTION OF MICRONUTRIENTS TO PROMOTE THE USE OF SOIL MODE OF APPLICATION
9.3 FOLIAR
9.3.1 LOW RATES OF APPLICATION AND IMMEDIATE RESPONSE TO APPLIED NUTRIENTS TO DRIVE THE FOLIAR SEGMENT
9.4 FERTIGATION
9.4.1 IMPROVED NUTRIENT USE EFFICIENCY TO DRIVE THE FERTIGATION SEGMENT
9.5 OTHER MODES OF APPLICATION
10 AGRICULTURAL MICRONUTRIENTS MARKET, BY REGION (Page No. - 90)
10.1 INTRODUCTION
10.2 NORTH AMERICA
10.2.1 US
10.2.1.1 Sustainable agriculture production systems and stringent environmental regulations to drive the market for agricultural micronutrients
10.2.2 CANADA
10.2.2.1 Boron and zinc deficiencies in the soil to promote the application of agricultural micronutrients
10.2.3 MEXICO
10.2.3.1 Increasing government focus toward sustainable agriculture to drive the demand for agricultural micronutrients
10.3 EUROPE
10.3.1 FRANCE
10.3.1.1 Increase in organic farming practices to promote the use of agricultural micronutrients
10.3.2 GERMANY
10.3.2.1 Rise in demand for agricultural micronutrients due to the increase in boron deficiencies in the soil
10.3.3 POLAND
10.3.3.1 Prevalence of unfertile acid soils and low content of available nutrients to drive the market for agricultural micronutrients
10.3.4 SPAIN
10.3.4.1 High export rate of organic food products to drive the demand for agricultural micronutrients
10.3.5 UK
10.3.5.1 Adoption of the agronomic bio-fortification process to accumulate the micronutrients in crops to drive the demand for agricultural micronutrients
10.3.6 ITALY
10.3.6.1 Growing demand for cereals & grains for feed and food to drive the growth in the market
10.3.7 REST OF EUROPE
10.4 ASIA PACIFIC
10.4.1 CHINA
10.4.1.1 Multiple soil nutrient deficiencies to drive the demand for agricultural micronutrients
10.4.2 INDIA
10.4.2.1 Government initiatives for restoring the micronutrient availability in the soil to drive the market for agricultural micronutrients
10.4.3 AUSTRALIA
10.4.3.1 Shift toward nutritionally balanced food products to promote the application of agricultural micronutrients
10.4.4 JAPAN
10.4.4.1 Cultivation of micronutrient-efficient genotypes to drive the demand for agricultural micronutrients
10.4.5 VIETNAM
10.4.5.1 High erosion rates of the soil to drive the growth of the agricultural micronutrients market
10.4.6 REST OF ASIA PACIFIC
10.5 SOUTH AMERICA
10.5.1 BRAZIL
10.5.1.1 Demand for export of agricultural products to drive the market for agricultural micronutrients
10.5.2 ARGENTINA
10.5.2.1 Growth in awareness among farmers about the benefits of micronutrients to drive the agricultural micronutrients market
10.5.3 REST OF SOUTH AMERICA
10.5.3.1 Prevalence of low-nutrient soil to drive the market for agricultural micronutrients
10.6 REST OF THE WORLD
10.6.1 SOUTH AFRICA
10.6.1.1 The depleting arable land and the poor financial support to result in slow market growth in the country
10.6.2 TURKEY
10.6.2.1 The increase in iron and zinc deficiencies drives the growth of micronutrients in the country
10.6.3 OTHERS IN ROW
10.6.3.1 Slow-developing market for micronutrients due to the slow growth of the agricultural sector
11 COMPETITIVE LANDSCAPE (Page No. - 147)
11.1 OVERVIEW
11.2 COMPANY RANKING
11.3 COMPETITIVE LEADERSHIP MAPPING
11.3.1 DYNAMIC DIFFERENTIATORS
11.3.2 INNOVATORS
11.3.3 VISIONARY LEADERS
11.3.4 EMERGING COMPANIES
11.4 COMPETITIVE LEADERSHIP MAPPING (FOR SMES/START-UPS)
11.4.1 PROGRESSIVE COMPANIES
11.4.2 STARTING BLOCKS
11.4.3 RESPONSIVE COMPANIES
11.4.4 DYNAMIC COMPANIES
11.5 COMPETITIVE SCENARIO
11.5.1 NEW PRODUCT LAUNCHES
11.5.2 EXPANSIONS
11.5.3 MERGERS & ACQUISITIONS
11.5.4 AGREEMENTS
12 COMPANY PROFILES (Page No. - 158)
(Business overview, Products offered, Recent Developments, SWOT analysis, MNM view)*
12.1 BASF SE
12.2 AKZONOBEL (NOURYON)
12.3 NUTRIEN LTD.
12.4 NUFARM
12.5 YARA INTERNATIONAL ASA
12.6 COROMANDEL INTERNATIONAL LTD
12.7 LAND O¡¯ LAKES
12.8 HELENA CHEMICAL COMPANY
12.9 THE MOSAIC COMPANY
12.10 HAIFA GROUP
12.11 SAPEC S.A.
12.12 COMPASS MINERALS INTERNATIONAL
12.13 VALAGRO
12.14 ZUARI AGROCHEMICALS LTD
12.15 STOLLER ENTERPRISES INC
12.16 BALCHEM
12.17 ATP NUTRITION
12.18 BAICOR LC
12.19 CORTEVA INC
12.20 BMS MICRO-NUTRIENTS NV
*Details on Business overview, Products offered, Recent Developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.
13 APPENDIX (Page No. - 196)
13.1 DISCUSSION GUIDE
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS¡¯ SUBSCRIPTION PORTAL
13.3 AVAILABLE CUSTOMIZATIONS
13.4 RELATED REPORTS
13.5 AUTHOR DETAILS
LIST OF TABLES (129 Tables)
TABLE 1 INCLUSIONS AND EXCLUSIONS PERTAINING TO THE AGRICULTURAL MICRONUTRIENTS MARKET
TABLE 2 USD EXCHANGE RATES, 2016¨C2019
TABLE 3 AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2018¨C2025 (USD MILLION)
TABLE 4 AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2018¨C2025 (KT)
TABLE 5 ZINC: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY REGION, 2018¨C2025 (USD MILLION)
TABLE 6 ZINC: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY REGION, 2018¨C2025 (KT)
TABLE 7 BORON: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY REGION, 2018¨C2025 (USD MILLION)
TABLE 8 BORON: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY REGION, 2018¨C2025 (KT)
TABLE 9 IRON: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY REGION, 2018¨C2025 (USD MILLION)
TABLE 10 IRON: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY REGION, 2018¨C2025 (KT)
TABLE 11 MOLYBDENUM: MARKET SIZE, BY REGION, 2018¨C2025 (USD MILLION)
TABLE 12 MOLYBDENUM: MARKET SIZE, BY REGION, 2018¨C2025 (KT)
TABLE 13 COPPER: MARKET SIZE, BY REGION, 2018¨C2025 (USD MILLION)
TABLE 14 COPPER: MARKET SIZE, BY REGION, 2018¨C2025 (KT)
TABLE 15 MANGANESE: MARKET SIZE, BY REGION, 2018¨C2025 (USD MILLION)
TABLE 16 MANGANESE: MARKET SIZE, BY REGION, 2018¨C2025 (KT)
TABLE 17 OTHER TYPES: MARKET SIZE, BY REGION, 2018¨C2025 (USD MILLION)
TABLE 18 OTHER TYPES: MARKET SIZE, BY REGION, 2018¨C2025 (KT)
TABLE 19 AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY CROP TYPE, 2018¨C2025 (USD MILLION)
TABLE 20 CEREALS & GRAINS: MARKET SIZE, BY REGION, 2018¨C2025 (USD MILLION)
TABLE 21 CEREALS & GRAINS: MARKET SIZE , BY SUBTYPE, 2018¨C2025 (USD MILLION)
TABLE 22 FRUITS & VEGETABLES: MARKET SIZE, BY REGION, 2018¨C2025 (USD MILLION)
TABLE 23 OILSEEDS & PULSES : MARKET SIZE, BY REGION, 2018¨C2025 (USD MILLION)
TABLE 24 OILSEEDS & PULSES: MARKET SIZE, BY SUBTYPE, 2018¨C2025 (USD MILLION)
TABLE 25 OTHER CROP TYPES: MARKET SIZE, BY REGION, 2018¨C2025 (USD MILLION)
TABLE 26 AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY FORM, 2018¨C2025 (USD MILLION)
TABLE 27 CHELATED MICRONUTRIENTS: MARKET SIZE, BY REGION, 2018¨C2025 (USD MILLION)
TABLE 28 CHELATED MICRONUTRIENTS: MARKET SIZE, BY TYPE, 2018¨C2025 (USD MILLION)
TABLE 29 EDTA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY REGION, 2018¨C2025 (USD MILLION)
TABLE 30 EDDHA: MARKET SIZE, BY REGION, 2018¨C2025 (USD MILLION)
TABLE 31 DTPA: MARKET SIZE, BY REGION, 2018¨C2025 (USD MILLION)
TABLE 32 IDHA: MARKET SIZE, BY REGION, 2018¨C2025 (USD MILLION)
TABLE 33 OTHER CHELATED MICRONUTRIENTS: MARKET SIZE, BY REGION, 2018¨C2025 (USD MILLION)
TABLE 34 NON-CHELATED MICRONUTRIENTS: MARKET SIZE, BY REGION, 2018¨C2025 (USD MILLION)
TABLE 35 AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY MODE OF APPLICATION, 2018¨C2025 (USD MILLION
TABLE 36 SOIL APPLICATION MARKET SIZE, BY REGION, 2018¨C2025 (USD MILLION)
TABLE 37 FOLIAR APPLICATION MARKET SIZE, BY REGION, 2018¨C2025 (USD MILLION)
TABLE 38 FERTIGATION APPLICATION MARKET SIZE, BY REGION, 2018¨C2025 (USD MILLION)
TABLE 39 OTHER MODES OF APPLICATION MARKET SIZE, BY REGION, 2018¨C2025 (USD MILLION)
TABLE 40 AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY REGION, 2018¨C2025 (USD MILLION)
TABLE 41 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2018¨C2025 (USD MILLION)
TABLE 42 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2018¨C2025 (KT)
TABLE 43 NORTH AMERICA: MARKET SIZE, BY TYPE, 2018¨C2025 (USD MILLION)
TABLE 44 NORTH AMERICA: MARKET SIZE, BY TYPE, 2018¨C2025 (KT)
TABLE 45 NORTH AMERICA: MARKET SIZE, BY CROP TYPE, 2018¨C2025 (USD MILLION)
TABLE 46 NORTH AMERICA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY FORM, 2018¨C2025 (USD MILLION)
TABLE 47 NORTH AMERICA: CHELATED MARKET SIZE, BY SUBTYPE, 2018¨C2025 (USD MILLION)
TABLE 48 NORTH AMERICA: MARKET SIZE, BY MODE OF APPLICATION, 2018¨C2025 (USD MILLION)
TABLE 49 US: MARKET SIZE, BY TYPE, 2018¨C2025 (USD MILLION)
TABLE 50 US: MARKET SIZE, BY TYPE, 2018¨C2025 (KT)
TABLE 51 CANADA: MARKET SIZE, BY TYPE, 2018¨C2025 (USD MILLION)
TABLE 52 CANADA: MARKET SIZE, BY TYPE, 2018¨C2025 (KT)
TABLE 53 MEXICO: MARKET SIZE, BY TYPE, 2018¨C2025 (USD MILLION)
TABLE 54 MEXICO: MARKET SIZE, BY TYPE, 2018¨C2025 (KT)
TABLE 55 EUROPE: MARKET SIZE, BY COUNTRY, 2018¨C2025 (USD MILLION)
TABLE 56 EUROPE: MARKET SIZE, BY COUNTRY, 2018¨C2025 (KT)
TABLE 57 EUROPE: MARKET SIZE, BY TYPE, 2018¨C2025 (USD MILLION)
TABLE 58 EUROPE: AGRICULTURAL MICRONUTRIENT MARKET SIZE, BY TYPE, 2018¨C2025 (KT)
TABLE 59 EUROPE: MARKET SIZE, BY CROP TYPE, 2018¨C2025 (USD MILLION)
TABLE 60 EUROPE: MARKET SIZE, BY FORM, 2018¨C2025 (USD MILLION)
TABLE 61 EUROPE: CHELATED AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY SUBTYPE, 2018¨C2025 (USD MILLION)
TABLE 62 EUROPE: MARKET SIZE, BY MODE OF APPLICATION, 2018¨C2025 (USD MILLION)
TABLE 63 FRANCE: MARKET SIZE, BY TYPE, 2018¨C2025 (USD MILLION)
TABLE 64 FRANCE: MARKET SIZE, BY TYPE, 2018¨C2025 (KT)
TABLE 65 GERMANY: MARKET SIZE, BY TYPE, 2018¨C2025 (USD MILLION)
TABLE 66 GERMANY: MARKET SIZE, BY TYPE, 2018¨C2025 (KT)
TABLE 67 POLAND: MARKET SIZE, BY TYPE, 2018¨C2025 (USD MILLION)
TABLE 68 POLAND: MARKET SIZE, BY TYPE, 2018¨C2025 (KT)
TABLE 69 SPAIN: MARKET SIZE, BY TYPE, 2018¨C2025 (USD MILLION)
TABLE 70 SPAIN: MARKET SIZE, BY TYPE, 2018¨C2025 (KT)
TABLE 71 UK: MARKET SIZE, BY TYPE, 2018¨C2025 (USD MILLION)
TABLE 72 UK: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2018¨C2025 (KT)
TABLE 73 ITALY: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2018¨C2025 (USD MILLION)
TABLE 74 ITALY: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2018¨C2025 (KT)
TABLE 75 REST OF EUROPE: MARKET SIZE, BY TYPE, 2018¨C2025 (USD MILLION)
TABLE 76 REST OF EUROPE: MARKET SIZE, BY TYPE, 2018¨C2025 (KT)
TABLE 77 ASIA PACIFIC: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY COUNTRY, 2018¨C2025 (USD MILLION)
TABLE 78 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2018¨C2025 (KT)
TABLE 79 ASIA PACIFIC: MARKET SIZE, BY TYPE, 2018¨C2025 (USD MILLION)
TABLE 80 ASIA PACIFIC: MARKET SIZE, BY TYPE, 2018¨C2025 (KT)
TABLE 81 ASIA PACIFIC: MARKET SIZE, BY CROP TYPE, 2018¨C2025 (USD MILLION)
TABLE 82 ASIA PACIFIC: MARKET SIZE, BY FORM, 2018¨C2025 (USD MILLION)
TABLE 83 ASIA PACIFIC: CHELATED AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY SUBTYPE, 2018¨C2025 (USD MILLION)
TABLE 84 ASIA PACIFIC: MARKET SIZE, BY MODE OF APPLICATION, 2018¨C2025 (USD MILLION)
TABLE 85 CHINA: MARKET SIZE, BY TYPE, 2018¨C2025 (USD MILLION)
TABLE 86 CHINA: MARKET SIZE, BY TYPE, 2018¨C2025 (KT)
TABLE 87 INDIA: MARKET SIZE, BY TYPE, 2018¨C2025 (USD MILLION)
TABLE 88 INDIA: MARKET SIZE, BY TYPE, 2018¨C2025 (KT)
TABLE 89 AUSTRALIA: MARKET SIZE, BY TYPE,2018¨C2025 (USD MILLION)
TABLE 90 AUSTRALIA: MARKET SIZE, BY TYPE, 2018¨C2025 (KT)
TABLE 91 JAPAN: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2018¨C2025 (USD MILLION)
TABLE 92 JAPAN: MARKET SIZE, BY TYPE, 2018¨C2025 (KT)
TABLE 93 VIETNAM: MARKET SIZE, BY TYPE, 2018¨C2025 (USD MILLION)
TABLE 94 VIETNAM: MARKET SIZE, BY TYPE, 2018¨C2025 (KT)
TABLE 95 REST OF ASIA PACIFIC: MARKET SIZE, BY TYPE, 2018¨C2025 (USD MILLION)
TABLE 96 REST OF ASIA PACIFIC: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2018¨C2025 (KT)
TABLE 97 SOUTH AMERICA: MARKET SIZE, BY COUNTRY, 2018¨C2025 (USD MILLION)
TABLE 98 SOUTH AMERICA: MARKET SIZE, BY COUNTRY, 2018¨C2025 (KT)
TABLE 99 SOUTH AMERICA: MARKET SIZE, BY TYPE, 2018¨C2025 (USD MILLION)
TABLE 100 SOUTH AMERICA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2018¨C2025 (KT)
TABLE 101 SOUTH AMERICA: MARKET SIZE, BY CROP TYPE, 2018¨C2025 (USD MILLION)
TABLE 102 SOUTH AMERICA: MARKET SIZE, BY FORM, 2018¨C2025 (USD MILLION)
TABLE 103 SOUTH AMERICA: CHELATED AGRICULTURAL MICRONUTRIENTS: MARKET SIZE, BY SUBTYPE, 2018¨C2025 (USD MILLION)
TABLE 104 SOUTH AMERICA: MARKET SIZE, BY MODE OF APPLICATION, 2018¨C2025 (USD MILLION)
TABLE 105 BRAZIL: MARKET SIZE, BY TYPE, 2018¨C2025 (USD MILLION)
TABLE 106 BRAZIL: MARKET SIZE, BY TYPE, 2018¨C2025 (KT)
TABLE 107 ARGENTINA: MARKET SIZE, BY TYPE, 2018¨C2025 (USD MILLION)
TABLE 108 ARGENTINA: MARKET SIZE, BY TYPE, 2018¨C2025 (KT)
TABLE 109 REST OF SOUTH AMERICA: MARKET SIZE, BY TYPE, 2018¨C2025 (USD MILLION)
TABLE 110 REST OF SOUTH AMERICA: MARKET SIZE, BY TYPE, 2018¨C2025 (KT)
TABLE 111 ROW: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY COUNTRY, 2018¨C2025 (USD MILLION)
TABLE 112 ROW: MARKET SIZE, BY COUNTRY, 2018¨C2025 (KT)
TABLE 113 ROW: MARKET SIZE, BY TYPE, 2018¨C2025 (USD MILLION)
TABLE 114 ROW: MARKET SIZE, BY TYPE, 2018¨C2025 (KT)
TABLE 115 ROW: MARKET SIZE, BY CROP TYPE, 2018¨C2025 (USD MILLION)
TABLE 116 ROW: MARKET SIZE, BY FORM, 2018¨C2025 (USD MILLION)
TABLE 117 ROW: CHELATED: MARKET SIZE, BY SUBTYPE, 2018¨C2025 (USD MILLION)
TABLE 118 ROW: MARKET SIZE, BY MODE OF APPLICATION, 2018¨C2025 (USD MILLION)
TABLE 119 SOUTH AFRICA: MARKET SIZE, BY TYPE, 2018¨C2025 (USD MILLION)
TABLE 120 SOUTH AFRICA: MARKET SIZE, BY TYPE, 2018¨C2025 (KT)
TABLE 121 TURKEY: MARKET SIZE, BY TYPE, 2018¨C2025 (USD MILLION)
TABLE 122 TURKEY: MARKET SIZE, BY TYPE, 2018¨C2025 (KT)
TABLE 123 OTHERS IN ROW: MARKET SIZE, BY TYPE, 2018¨C2025 (USD MILLION)
TABLE 124 OTHERS IN ROW: MARKET SIZE, BY TYPE, 2018¨C2025 (KT)
TABLE 125 AGRICULTURAL MICRONUTRIENTS: COMPANY RANKINGS, 2018
TABLE 126 NEW PRODUCT LAUNCHES, 2017¨C2019
TABLE 127 EXPANSIONS, 2017¨C2019
TABLE 128 MERGERS & ACQUISITIONS, 2016¨C2019
TABLE 129 AGREEMENTS, 2018-2020
LIST OF FIGURES (46 Figures)
FIGURE 1 AGRICULTURAL MICRONUTRIENTS MARKET SEGMENTATION
FIGURE 2 RESEARCH DESIGN: AGRICULTURAL MICRONUTRIENTS MARKET
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
FIGURE 5 DATA TRIANGULATION METHODOLOGY
FIGURE 6 GLOBAL AGRICULTURAL MICRONUTRIENTS MARKET, 2018¨C2025
FIGURE 7 INCREASING DEMAND FOR FRUITS & VEGETABLES TO DRIVE THE GROWTH OF THE AGRICULTURAL MICRONUTRIENTS MARKET DURING THE FORECAST PERIOD
FIGURE 8 MOLYBDENUM SEGMENT, BY TYPE, IS ESTIMATED TO DOMINATE THE AGRICULTURAL MICRONUTRIENTS MARKET, IN TERMS OF VALUE
FIGURE 9 ASIA PACIFIC ACCOUNTED FOR THE LARGEST SHARE IN 2019, BY VALUE
FIGURE 10 RISING MICRONUTRIENT DEFICIENCY IN THE SOIL IS DRIVING THE GROWTH OF THE MARKET
FIGURE 11 NON-CHELATED WAS A LARGER SEGMENT IN THE AGRICULTURAL MICRONUTRIENTS MARKET IN 2019
FIGURE 12 ASIA PACIFIC: CHINA WAS ONE OF THE MAJOR CONSUMER ACROSS THE GLOBE IN 2019
FIGURE 13 ASIA PACIFIC DOMINATED IN 2019
FIGURE 14 CHINA DOMINATED THE AGRICULTURAL MICRONUTRIENTS MARKET IN 2019, IN TERMS OF VALUE
FIGURE 15 GLOBAL DECREASE IN PER CAPITA ARABLE LANDS (1960¨C2050)
FIGURE 16 AREA HARVESTED, BY CROP TYPE, 2014¨C2018 (HA)
FIGURE 17 AGRICULTURAL MICRONUTRIENTS MARKET DYNAMICS
FIGURE 18 MOLYBDENUM SEGMENT PROJECTED TO DOMINATE THE AGRICULTURAL MICRONUTRIENTS MARKET DURING THE FORECAST PERIOD
FIGURE 20 GLOBAL PRODUCTION RATES OF BORON, 2019
FIGURE 21 GLOBAL MOLYBDENUM PRODUCTION, 2018 VS. 2019
FIGURE 23 FRUITS & VEGETABLES SEGMENT PROJECTED TO DOMINATE THE AGRICULTURAL MICRONUTRIENTS MARKET DURING THE FORECAST PERIOD
FIGURE 24 NON-CHELATED SEGMENT PROJECTED TO DOMINATE THE AGRICULTURAL MICRONUTRIENTS MARKET DURING THE FORECAST PERIOD
FIGURE 25 FOLIAR IS PROJECTED TO DOMINATE THE AGRICULTURAL MICRONUTRIENTS MARKET DURING THE FORECAST PERIOD
FIGURE 26 VIETNAM PROJECTED TO WITNESS A HIGH GROWTH RATE IN THE AGRICULTURAL MICRONUTRIENTS MARKET DURING THE FORECAST PERIOD
FIGURE 27 NORTH AMERICA: MARKET SNAPSHOT
FIGURE 28 ASIA PACIFIC: MARKET SNAPSHOT
FIGURE 29 AGRICULTURAL MICRONUTRIENTS MARKET: COMPETITIVE LEADERSHIP MAPPING, 2019
FIGURE 30 KEY DEVELOPMENTS OF THE LEADING PLAYERS IN THE AGRICULTURAL MICRONUTRIENTS MARKET, 2014¨C2019
FIGURE 31 AGRICULTURAL MICRONUTRIENTS MARKET: COMPETITIVE LEADERSHIP MAPPING FOR SMES/START-UPS, 2019
FIGURE 32 BASF SE: COMPANY SNAPSHOT
FIGURE 33 BASF SE: SWOT ANALYSIS
FIGURE 34 AKZONOBEL: COMPANY SNAPSHOT
FIGURE 35 AKZONOBEL: SWOT ANALYSIS
FIGURE 36 NUTRIEN LTD: COMPANY SNAPSHOT
FIGURE 37 NUTRIEN LTD: SWOT ANALYSIS
FIGURE 38 NUFARM: COMPANY SNAPSHOT
FIGURE 39 YARA INTERNATIONAL ASA: COMPANY SNAPSHOT
FIGURE 41 LAND O¡¯ LAKES: COMPANY SNAPSHOT
FIGURE 42 THE MOSAIC COMPANY: COMPANY SNAPSHOT
FIGURE 43 COMPASS MINERALS INTERNATIONAL: COMPANY SNAPSHOT
FIGURE 44 ZUARI AGROCHEMICALS LTD: COMPANY SNAPSHOT
FIGURE 45 BALCHEM: COMPANY SNAPSHOT
FIGURE 46 CORTEVA INC: COMPANY SNAPSHOT
The study involved four major activities for estimating the global market size Agricultural Micronutrients Market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. These findings, assumptions, and market sizes were validated with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation approaches were used to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources such as the Food and Agriculture Organization (FAO), International Fertilizer Association (IFA), Micronutrient Manufacturers Association (MMA), the ministries of the agricultural department in various countries, corporate filings (such as annual reports, press releases, investor presentations, and financial statements), and trade, business, and professional associations. The secondary data was collected and analyzed to arrive at the overall market size, which was further validated by primary research.
Primary Research
The agricultural micronutrients market comprises of several stakeholders, such as agricultural manufacturers, formulators and blenders, fertilizer traders, suppliers, distributors, importers and exporters, raw material suppliers, and technology providers to micronutrients manufacturers, The agricultural co-operative societies, fertilizers associations and industry bodies, and government agricultural departments and regulatory bodies. The market is driven potentially by factors such as decreasing arable lands around the globe, growing production of high-value crops, and raising the micronutrient content in human consumption. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the total size of the agricultural micronutrients market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry and markets were identified through extensive secondary research.
- Major regions were identified, along with countries contributing to the maximum share.
- The industry¡¯s supply chain and market size, in terms of value, was determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary respondents
Data Triangulation
After arriving at the overall market size-using the market size estimation processes as explained above-the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed. The data was triangulated by studying various factors and trends from both the demand and supply sides in the agricultural micronutrients market.
Report Objectives
Market Intelligence
- Determining and projecting the size of the agricultural micronutrients market, based on type, crop type, form, mode of application, and regional markets, over a five-year period, ranging from 2020 to 2025
- Identifying attractive opportunities in the market by determining the largest and fastest-growing segments across regions
- Analyzing the demand-side factors based on the following:
- Impact of macro- and micro-economic factors on the market
- The shift in demand patterns across different subsegments and regions
Competitive Intelligence
- Identifying and profiling the key market players in the agricultural micronutrients market
- Providing a comparative analysis of the market leaders based on the following:
- Product offerings
- Business strategies
- Strengths, weaknesses, opportunities, and threats
- Key financials
- Understanding the competitive landscape and identifying major growth strategies adopted by the key companies
- Analyzing the patents registered and regulatory frameworks across the regions
- Analyzing the market dynamics and competitive situations & trends across the regions, as well as their impact on prominent market players
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to company-specific scientific needs.
The following customization options are available for the report:
Product Analysis
- Product matrix, which gives a detailed comparison of the product portfolio of each company
Geographic Analysis
- Further breakdown of the Rest of Europe market into the Netherlands, Belgium, Romania, Russia, and Scandinavian countries.
- Further breakdown of the Rest of Asia Pacific market into Indonesia, Malaysia, South Korea, and Thailand.
- Further breakdown of the Rest of South America market into Chile, Colombia, Uruguay, and Peru
Company Information
- Detailed analyses and profiling of additional market players (up to five)
Get in-depth analysis of the COVID-19 impact on the Agricultural Micronutrients Market
Benchmarking the rapid strategy shifts of the Top 100 companies in the Agricultural Micronutrients Market
Request For Special Pricing
- Triangulate with your Own Data
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- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Agricultural Micronutrients Market
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- Who will be your Top Customer; what will make them switch?
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Growth opportunities and latent adjacency in Agricultural Micronutrients Market