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(HomeGarden247.com, September 16, 2019 ) Market Overview
The Global Agricultural Micronutrients Market was valued at USD xx million in 2018, USD xx million in 2018, and is estimated to reach USD xx million by 2026, with a CAGR of xx% during the period (2019-2026).
Micronutrients are essential for plant growth and play an essential role in balanced crop nutrition.
Lack of any of the micronutrients can limit soil growth even when all other nutrients are present in adequate amounts.
Market Dynamics
The market is driven by several factors such as micronutrient deficiency, growing food demand, shrinking farmland and focus on agricultural productivity.
But the market is restrained by factors such as lack of awareness, diagnosis issues, and micronutrient toxicity.
The demand for food is increasing as the population works rapidly. To meet the requirement of a growing population, agriculture production is expanding by using new and improvised techniques.
Growing urbanization and less availability of arable land are motivating farmers to adopt efficient crop protection techniques such as the application of micronutrients.
Within the 13 billion hectares of total land, only 1.6 billion is under farmland production; 36% of that land is in Europe, the Middle East, and Africa, 39% in the Asia Pacific, 15% in North America and the remaining 10% in Latin America.
The most potent forces driving demand for agriculture micronutrients include the need for crop intensification. FAO estimates suggest that ~80% of crop production growth by 2050 is expected to come from higher yields.
However, the land available for farming will also have to expand, which is difficult in the present scenario.
Market Segmentation
Agricultural Micronutrients market has the following segments:
By Type
o Boron
o Copper
o Iron
o Manganese
o Molybdenum
o Zinc
o Others
By Application
o Fertigation
o Foliar
o Soil
o Others
By Form
o Chelated
o Non- Chelated
By Crop Type
o Cereals
o Fruits & Vegetables
o Oilseeds & Pulses
o Others
Geographical Analysis
North America
Europe
South America
Asia Pacific
The Middle East and Africa
Key Companies
The report profiles the following companies, which include
Agrium Inc.
Akzonobel N.V.
Auriga Industries A/S
BASF SE
Coromandel International Ltd.
Haifa Chemicals Ltd.
Sapec SA
The Mosaic Company
Valagro
Yara International ASA
Nufarm
Land-O-lakes
View full report: https://www.datamintelligence.com/research-report/agricultural-micronutrients-market
Download free sample: https://www.datamintelligence.com/download-sample/agricultural-micronutrients-market
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DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
DataM Intelligence
Sai Kiran
+1 877 441 4866
pr@datamintelligence.com
Source: EmailWire.Com
Source: EmailWire.com
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