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3. BASF SE (Germany), Yara International ASA (Norway), and Coromandel International Ltd (India) are leading players in Agricultural Micronutrients Market

The agricultural micronutrients market is estimated at USD 4.5 billion in 2023 and is projected to reach USD 6.9 billion by 2028, at a CAGR of 8.6% from 2023 to 2028.

Agricultural micronutrients are essential mineral elements required in small quantities by plants for their growth and development. These micronutrients include elements like iron, zinc, copper, manganese, and boron, among others. They play a crucial role in enhancing agricultural yield and crop quality by ensuring that plants receive the necessary nutrients for optimal growth.

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Several factors such as the increasing adoption of modern agricultural practices, a rising emphasis on high-quality agricultural produce to meet the demands of a growing population, and the prevalence of soil micronutrient deficiencies worldwide. Moreover, the shrinking availability of arable land and the growing awareness of the importance of micronutrients for crop health are contributing to the market's expansion, further fueling the market's growth.

BASF SE (Germany)

BASF SE is a major player in chemical manufacturing with a diversified portfolio spanning six key segments: chemicals, materials, industrial solutions, surface technologies, nutrition & care, and agriculture solutions. BASF SE offers a diverse portfolio of liquid and solid chelated micronutrients within its Agricultural Solutions business segment. The company has a significant global presence, enabling it to serve the agricultural needs of various regions. While specific recent developments related to agricultural micronutrients are not mentioned in the available sources, BASF's commitment to innovation and sustainability underscores its ongoing progress in enhancing agriculture practices and crop quality. With approximately 500 crop procurement facilities, BASF SE stands as one of the key players in the global agricultural micronutrients industry. The company has a presence in regions such as Europe, Asia Pacific, Africa, South America, and North America.

With a vast global footprint, BASF SE operates in over 91 countries and boasts an extensive network of 239 production sites worldwide. Furthermore, the company has 11 operating divisions and 72 strategic business units.

Yara International (Norway)

YARA International is a global leader in the agricultural micronutrient sector with a strong presence and notable developments. The company's headquarters are based in Norway. YARA operates across several business segments, including crop nutrition, digital farming, and industrial. It maintains a widespread regional presence with operations in North America, South America, Europe, Asia, Africa, and Australia. The company heavily focuses on partnerships, acquisition, and expansion to hold a significant market share in the agricultural micronutrients market.

Operating in over 70 countries worldwide, the company has established a strong presence with a network of research and development centers in Europe, North America, and Latin America. These centers serve diverse regions across Africa, Europe, Asia, Latin America, North America, and the Middle East, contributing to the company's continuous growth and innovation.

Coromandel international Limited. (India)

Coromandel International Limited is a prominent player in the Indian agricultural sector with a focus on agricultural micronutrients. The company's headquarters are located in Coromandel House, Sardar Patel Road, Secunderabad, Telangana, India. Coromandel specializes in the innovation and manufacturing of fertilizers for crop protection and special nutrients, making it one of the most trusted agricultural brands in India. The company's core business segment revolves around the production and distribution of agricultural micronutrients to enhance crop quality and yield. Coromandel has a robust regional presence and a global footprint, with operations in more than 80 countries, demonstrating its commitment to serving the agricultural industry on a global scale.

Related Reports:

Agricultural Micronutrients Market by Type (Zinc, Boron, Iron, Manganese, Molybdenum, Copper), Mode of Application (Soil, Foliar and Fertigation), Form (Chelated and Non-Chelated Micronutrients), Crop Type and Region - Global Forecast to 2028

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