Pharma & Healthcare / Crop Micronutrients Market - Global Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players: Akzo Nobel, BASF, Dow, Bayer, Dupont, FMC
Crop Micronutrients Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Akzo Nobel, BASF, Dow, Bayer, Dupont, FMC
Registering a CAGR of 7.6% over the forecast period of 2022-2027, the global Crop Micronutrients market is anticipated to reach the market value of US$ 6.89 billion in the year 2027 from US$ 4.12 billion in the year 2021.
Crop Micronutrients Market Overview
Micronutrients are vital nutrients that are essential for growth as well as for the metabolic activities of plants. Micronutrients help to increase the taste, quality, and color of the plants or crops. These also enhance the efficiency of the fertilizers and help in the reduction of water use. Micronutrients help in the development of strong roots and help in the building up of complete compounds and proteins thereby helping in boosting the immunity of crops.
The global crop micronutrient market is being driven by factors such as the effectiveness of micronutrients for crop production and productivity, growing awareness among growers about the benefits of micronutrients, and shrinking agricultural land. The agricultural micronutrient market is restrained by the mining of micronutrient reserves, the availability of low-cost alternatives and counterfeit products, and farmers' lack of knowledge about micronutrient dosage and administration.
The report aspects discussed the profile of the top manufacturers of the global Crop Micronutrients market. These aspects include the financial status of major companies, trending advancements and the entire market scenario. The growth of the report has examined Crop Micronutrients Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.
Industry News and Updates
April 17, 2019: BASF names Quadra Chemicals as new distributor for micronutrients products in Canada--
BASF Canada signed an agreement with Quadra Chemicals Ltd., a leading chemical and ingredient distributor, to represent its portfolio of micronutrients products in Canada effective March 1, 2019.
Mar. 8, 2022: FMC India launches new insecticide ‘Corprima’ for tomato and okra crops--
FMC India, an agricultural sciences company, has launched a new insecticide Corprima. Powered by FMC’s world’s leading Rynaxypyr insect control technology, Corprima will provide tomato and okra farmers across the country with superior crop protection against fruit borers, one of the bigger pain points for Indian farmers.
What are the major Applications, Types and Regions for Crop Micronutrients Market?
By Type, it is segmented into
Zinc
Iron
Boron
Molybdenum
Manganese
Others
By Application,it is segmented into
Soil
Fertigation
Foliar
Others
Crop Micronutrients Market Regional Analysis
Asia-Pacific was the largest market for crop micronutrients in terms of both value and volume in 2019. The rising demand for high-quality food, as well as farmers' increased understanding and acceptance of micronutrients, are some of the primary reasons driving the crop micronutrients market in Asia Pacific. Furthermore, the crop micronutrients market in this region is expected to be driven by rising farming practises and the demand for high-quality agricultural output. According to the 2020 CropLife 100 poll, 69% of respondents think their micronutrient sales would increase by 1% to 5% in 2020. Government support programmes and a high global demand for nutritious agricultural goods have boosted sales. The World Health Organization (WHO) promotes the importance of a balanced diet that includes grains, legumes, and vegetables. These factors are predicted to boost the product's demand in the next years.
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
The Crop Micronutrients Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Crop Micronutrients Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Crop Micronutrients Market report scope?
Yes, the report can be customized as per your needs
Key Takeaways from this Crop Micronutrients Report
Evaluate Crop Micronutrients market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at country level - for product types, end-use applications, and by different industries verticals.
Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.
Get in-depth insights on your competitor's performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.
Analyze the sales and distribution channels across geographies to enhance top-line revenues.
Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the Crop Micronutrients market entropy - M&As, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.
Frequently Asked Questions
What is the growth rate of Crop Micronutrients Market?
The Crop Micronutrients Market is growing at a CAGR of 7.6% over the next 5 years.
Who are the key players in Crop Micronutrients Market?
What are the significant types of Crop Micronutrients Market?
Zinc, Iron, Boron, Molybdenum, Manganese, Others
What are the major end-use applications of Crop Micronutrients Market?
Soil, Fertigation, Foliar, Others
All our reports are custom made to your company's needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
