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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Top Key Players in Agricultural Micronutrients market: BASF SE, AkzoNobel, Nutrien, Ltd., Nufarm, Coromandel International Ltd., Helena Chemical Company, Yara International ASA
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.
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.
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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.
Reasons to buy Agricultural Micronutrients 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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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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