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  • Agricultural Micronutrients Market To Reach US$ 5.8 Billion By 2028; Rising In the Deficiency of Nutrients in Soil have boosted the Market growth.

Agricultural Micronutrients Market To Reach US$ 5.8 Billion By 2028; Rising In the Deficiency of Nutrients in Soil have boosted the Market growth.

“Agricultural Micronutrients Market, Size, Share, Opportunities analysis, By Crop type (Cereals & grains, Fruits & vegetables, Others), By Type (Zinc, Boron, Iron, Others), By Form (Chelated, Non-Chelated), and By Region regional forecast, 2020-2028.”

The global Agricultural Micronutrients market is anticipated to expand at a CAGR of 8.5 % between 2020 and 2027 and earn around US 5.8 billion$ by 2028. One of the major drivers of the global Agricultural Micronutrients market is the increase in the focus for improving crop production and quality so as to obtain a high yield. The surge in the incidences of crop contamination and development in the research activities for micronutrient fertilizers are attributed to the rise in the market revenue

The rise in the population and an increase in the consumption of agricultural produces and positively impacted the market

Key trends of global Agricultural Micronutrients market

  • Asia Pacific could show faster growth in the global Agricultural Micronutrients market due to the rise in the agricultural activities especially in countries like India
  • North America is expected to hold a significant share due to the presence of key players and also due to demand in specialized micronutrient fertilizers for agricultural activities
  • The rise in awareness among the farmers for crop nutrition has elevated the demand for Agricultural micronutrients
  • Based on the Crop Type, Fruits & vegetable segment has obtained the lions share due to the rise in the consumption rate of fruits and vegetables owing to the benefits obtained through it
  • Among type segments, Zinc has held the most significant growth due to the rise in the deficiency of zinc in soil

The players of the Agricultural Micronutrients Market are fragmented as a number of players are competing against each other. Agricultural Micronutrients companies focus more on launching innovative and efficient products and fertilizers signing merger and acquisition deals, and increasing market presence in emerging countries Helena Chemical Company AkzoNobel, Nutrien, Ltd., Nufarm, Coromandel International Ltd, and BASF SE. are the key players of the global Agricultural Micronutrients market.

Table of Segmentation:

ATTRIBUTE DETAILS
Study Period   2019-2028
Unit   Value (USD Billion)
Market scope By Crop type

·       Cereals & grains

·       Fruits & vegetables

·       Others

By Type

·       Zinc

·       Boron

·       Iron

·       Others

By Form

·       Chelated

·       Non-Chelated

By Region

·       North America (U.S., Canada, and Mexico)

·       Europe (U.K., France, Italy, Spain, Germany, Russia, and the Rest of Europe)

·       Asia-Pacific (China, India, Japan, Australia, and the Rest of Asia- Pacific)

·       South America, Middle East & Africa (Brazil, South Africa, UAE, and the Rest of the region)