New York, According to a new market research report published by Global Insight Services “Agricultural Micronutrients Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Agricultural micronutrients are those nutrients that are required in small quantities by plants. They include Boron (B), Chlorine (Cl), Copper (Cu), Iron (Fe), Manganese (Mn), Molybdenum (Mo), and Zinc (Zn). While macronutrients are required in large quantities and are typically applied to fields in the form of fertilizers, micronutrients are applied in much smaller quantities and are often applied in the form of chelates or through the irrigation water.
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Key Trends
There are several key trends in agricultural micronutrients technology. One is the development of new and more effective micronutrient products. This includes products that are more concentrated and easier to apply, as well as products that are specifically designed for certain crops or soil types.
Another trend is the increasing use of micronutrients in foliar applications. This is because foliar applications can provide a more targeted and efficient way to deliver micronutrients to plants.
Finally, there is an increasing focus on understanding the role of micronutrients in plant nutrition and how to optimize their use in order to improve crop yields. This includes research on the most effective application methods and timing, as well as the development of new diagnostic tools to help farmers identify micronutrient deficiencies in their crops.
Key Drivers
The key drivers of the Agricultural Micronutrients market are the increasing demand for food, the need for higher crop yields, and the growing awareness of the importance of micronutrients for plant health.
The demand for food is increasing due to the growing population and the need for higher crop yields is driven by the need to meet the food demand.
The growing awareness of the importance of micronutrients for plant health is driven by the increasing research on the topic and the growing recognition of the role of micronutrients in plant nutrition.
Market Segments
The Agricultural Micronutrients Market is segmented by type, mode of application, form and region. By type, the market is divided into zinc, boron, iron, manganese and others. Based on mode of application, it is bifurcated into soil, foliar and fertigation. On the basis of form, it is classified into chelated and non-chelated micronutrients. Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Players
The Agricultural Micronutrients Market includes players such as BASF SE, AkzoNobel, Nutrien, Ltd., Nufarm, Coromandel International Ltd., Helena Chemical Company, Yara International ASA, The Mosaic Company, Haifa Group and Sapec SA.
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Reasons to buy Agricultural Micronutrients Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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