Energy & Power / Agricultural Micronutrients Market - Global Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players: BASF, DowDuPont, The Mosaic Company (NYSE: MOS), Nufarm, Sapec S.A.
Agricultural Micronutrients Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: BASF, DowDuPont, The Mosaic Company (NYSE: MOS), Nufarm, Sapec S.A.
Over the next five years the Agricultural Micronutrientsmarket will register a 7.52% CAGR in terms of revenue, the global market size will reach USD 6.63 billion by 2027.
Agricultural Micronutrients Market Overview
In 2020, the global agricultural micronutrients market was valued at USD 3.86 billion. Lockdown was established once COVID-19 spread over the world, and this imposed lockdown had a significant influence on the fertiliser industry's supply chain, notably micronutrient fertilisers. However, government support and various techniques used by micronutrient manufacturers during the pandemic resulted in a 2.50% increase in global sales of agricultural micronutrients over the previous year. The market is expected to increase at a CAGR of 7.52% over the forecast period, from USD 4 billion in 2021 to USD 6.63 billion in 2027. (2022-2027). The product's demand will be boosted by government agencies' increased usage of technology and the incorporation of supportive policies to assist farmers. During the shutdown, the Indian government, for example, revealed a plan to deploy technology on a massive scale to track production and monitor crucial agricultural data points. Similarly, the US government said that it would offer agricultural farmers with an additional USD 14 billion in help.
The report aspects discussed the profile of the top manufacturers of the global Agricultural Micronutrients market. These aspects include financial status of major companies, trending advancements and entire market scenario. Growth of the report have examined Agricultural Micronutrients Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.
Who are the Major Players in Agricultural Micronutrients Market?
The Agricultural Micronutrients Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market BASF, DowDuPont, Akzonobel, Nutrien, Land O’lakes, Yara International, The Mosaic Company, Helena Chemical Company, Nufarm, Coromandel International, Haifa Chemicals, Sapec S.A. and others.
Industry News:
BASF names Quadra Chemicals as new distributor for micronutrients products in Canada
April 17, 2019 – 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.
Agricultural Micronutrients Market provides details by vendors, including company total revenue (financials), company overview, market potential, global presence, his business report briefly talks about market performance of each business sector covering growth factors and sales volume. this analysis provides the This Agricultural Micronutrients Market analysis report provides recent trends, granular level data covering market size and share. It provides all the recent updates about CORONA virus and its impact on world economy and human health. By getting this data, key players can obtain profit making and right business opportunities for future growth. Its further guides to increase the product demand and business expansion.
What are the major Applications, Types and Regions for Agricultural Micronutrients Market?
Asia-Pacific held the greatest market share in 2019 and is expected to continue to dominate the global agricultural micronutrients market during the review period. India and China are two of the most populous countries in the world, with vast swaths of agricultural land. The market is growing due to the expansion of the agricultural sector and increased knowledge of the products among farmers in these emerging countries.
North America accounted for a considerable proportion of the market in 2019, with the United States being the leading contributor at the country level. The demand for crop yield-improving goods such as agricultural micronutrients has increased as the region's arable land has shrunk. Market growth is further aided by the widespread presence of significant players in the region.
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 Agricultural 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 Agricultural 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 Agricultural Micronutrients Market report scope?
Report Attributes
Report Details
Forecast Period 2022 to 2027 CAGR
CAGR of 7.52% during the review period (2022 to 2027).
By Type
Zinc
Copper
Boron
Iron
Manganese
Molybdenum
Others
By Application
Soil
Foliar
Fertigation
By Companies
BASF, DowDuPont, Akzonobel, Nutrien, Land O’lakes, Yara International, The Mosaic Company, Helena Chemical Company, Nufarm, Coromandel International, Haifa Chemicals, Sapec S.A.
Regions Covered
North America
Europe
Asia-Pacific
Rest of the World
Countries Covered
US
Canada
Germany
France
UK
Italy
Spain
Rest of Europe
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East & Africa
Latin America
Base Year
2022
Historical Year
2017 to 2021
Forecast Year
2022 to 2027
Number of Pages
106
Customization Available
Yes, the report can be customized as per your needs
Key Takeaways from this Agricultural Micronutrients Report
Evaluate Agricultural 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 industry verticals.
Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
Get in-depth insights on your competitor 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 Agricultural Micronutrients market entropy - M&A's, 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 top 20 countries globally for the market.
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
Frequently Asked Questions
What is the study period of this market?
The Agricultural Micronutrients Market is studied from 2017 - 2027.
What is the growth rate of Agricultural Micronutrients Market?
The Agricultural Micronutrients Market is growing at a CAGR of 7.52% over the next 5 years.
Who are the key players in Agricultural Micronutrients Market?
BASF, DowDuPont, Akzonobel, Nutrien, Land O’lakes, Yara International, The Mosaic Company, Helena Chemical Company, Nufarm, Coromandel International, Haifa Chemicals, Sapec S.A.
What region does this Agricultural Micronutrients Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Agricultural Micronutrients Market?
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.
