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Global Crop Micronutrients Market Size study, by Form (Chelated, and Non-Chelated), by Product Type (Boron, Copper, Iron, Manganese, Molybdenum, Zinc, Others), by Crop Type (Cereals & Grains, Fruits & Vegetables, Pulses & Oilseeds, and Others), by Application (Fertigation, Soil, Foliar, Seed Treatment, Others ) and Regional Forecasts 2022-2028

  • BIZ4982834
  • 200 Pages
  • May 2022
  • Food and Beverages
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Global Crop Micronutrients Market is valued at approximately USD 6.5 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7.6% over the forecast period 2022-2028. Crop micronutrients are necessary nutrients for plant development and other metabolic processes. They help to improve quality, colour, taste, fertiliser efficiency, water use, disease resistance, and other factors. They also aid in the development of large and strong roots, as well as the formation of full proteins and chemicals and improved plant immunity. The global crop micronutrients 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. Furthermore, government and private-sector investments assist development and new product development, resulting in increased market growth. For example, to meet the increased demand, Aries has expanded its worldwide reach by leveraging manufacturing facilities in the United Arab Emirates, with two manufacturing units located in Sharjah (for Chelated Micronutrients) and Fujairah (for Sulphur Bentonite). As part of their growth plans, these companies are making a slew of investments, new launches, and R&D to improve their positions and give better products and services to their clients around the world, which is projected to move the market forward in the approaching years. The following are some examples: Tracegro OY announced the signing of a distribution agreement with AMD Agro in Brazil in August 2020. Similarly, in April 2019, BASF SE, one of the world's major chemical manufacturers, announced the signing of a deal with Quadra Chemicals Ltd, based in Canada, as a new distributor for its micronutrient products in Canada. 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 key regions considered for the global Crop Micronutrients market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. In terms of both value and volume, Asia-Pacific is the largest market for crop micronutrients. 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 micronutrient 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. Whereas, since many industry players are involved in the production and development of micronutrient fertilisers in North America, the industry is fragmented. Various industry players are implementing new strategies such as product development, mergers and acquisitions, expanding their distribution networks, and utilising online platforms to boost sales, among others.

Major market players included in this report are:

Akzo Nobel N.V

Aries Agro Ltd.

Baicor, L.C.

BASF SE

Compass Minerals International, Inc

DowDuPont Inc.

The Mosaic Company

Nutrien Ltd.

Western Nutrients Corporation

Yara international ASA

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Form:

Chelated Micronutrients

Non-chelated Micronutrients

By Product Type:

Boron

Copper

Iron

Manganese

Molybdenum

Zinc

Others

By Crop Type:

Cereals & Grains

Fruits & Vegetables

Pulses and Oilseeds

Others

By Application:

Fertigation

Soil

Foliar

Seed Treatment

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020

Base year – 2021

Forecast period – 2022 to 2028

Target Audience of the Global Crop Micronutrients Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Chapter 1. Executive Summary

1.1. Market Snapshot

1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)

1.2.1. Crop Micronutrients Market, by Region, 2020-2028 (USD Billion)

1.2.2. Crop Micronutrients Market, by Form, 2020-2028 (USD Billion)

1.2.3. Crop Micronutrients Market, by Product Type, 2020-2028 (USD Billion)

1.2.4. Crop Micronutrients Market, by Crop Type, 2020-2028 (USD Billion)

1.2.5. Crop Micronutrients Market, by Application, 2020-2028 (USD Billion)

1.3. Key Trends

1.4. Estimation Methodology

1.5. Research Assumption

Chapter 2. Global Crop Micronutrients Market Definition and Scope

2.1. Objective of the Study

2.2. Market Definition & Scope

2.2.1. Scope of the Study

2.2.2. Industry Evolution

2.3. Years Considered for the Study

2.4. Currency Conversion Rates

Chapter 3. Global Crop Micronutrients Market Dynamics

3.1. Crop Micronutrients Market Impact Analysis (2020-2028)

3.1.1. Market Drivers

3.1.1.1. Increasing deficiency of micronutrients in the soil

3.1.1.2. Depleting oil reserves increasing the demand for biofuels

3.1.2. Market Challenges

3.1.2.1. Lack of awareness regarding dosage and proper application of micronutrients among farmers

3.1.3. Market Opportunities

3.1.3.1. Increase in new methods of farming

Chapter 4. Global Crop Micronutrients Market Industry Analysis

4.1. Porter’s 5 Force Model

4.1.1. Bargaining Power of Suppliers

4.1.2. Bargaining Power of Buyers

4.1.3. Threat of New Entrants

4.1.4. Threat of Substitutes

4.1.5. Competitive Rivalry

4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)

4.2. PEST Analysis

4.2.1. Political

4.2.2. Economical

4.2.3. Social

4.2.4. Technological

4.3. Investment Adoption Model

4.4. Analyst Recommendation & Conclusion

4.5. Top investment opportunity

4.6. Top winning strategies

Chapter 5. Risk Assessment: COVID-19 Impact

5.1.1. Assessment of the overall impact of COVID-19 on the industry

5.1.2. Pre COVID-19 and post COVID-19 market scenario

Chapter 6. Global Crop Micronutrients Market, by Form

6.1. Market Snapshot

6.2. Global Crop Micronutrients Market by Form, Performance - Potential Analysis

6.3. Global Crop Micronutrients Market Estimates & Forecasts by Form, 2018-2028 (USD Billion)

6.4. Crop Micronutrients Market, Sub Segment Analysis

6.4.1. Chelated Micronutrients

6.4.2. Non-chelated Micronutrients

Chapter 7. Global Crop Micronutrients Market, by Product Type

7.1. Market Snapshot

7.2. Global Crop Micronutrients Market by Product Type, Performance - Potential Analysis

7.3. Global Crop Micronutrients Market Estimates & Forecasts by Product Type, 2018-2028 (USD Billion)

7.4. Crop Micronutrients Market, Sub Segment Analysis

7.4.1. Boron

7.4.2. Copper

7.4.3. Iron

7.4.4. Manganese

7.4.5. Molybdenum

7.4.6. Zinc

7.4.7. Others

Chapter 8. Global Crop Micronutrients Market, by Crop Type

8.1. Market Snapshot

8.2. Global Crop Micronutrients Market by Crop Type, Performance - Potential Analysis

8.3. Global Crop Micronutrients Market Estimates & Forecasts by Crop Type, 2018-2028 (USD Billion)

8.4. Crop Micronutrients Market, Sub Segment Analysis

8.4.1. Cereals & Grains

8.4.2. Fruits & Vegetables

8.4.3. Pulses and Oilseeds

8.4.4. Others

Chapter 9. Global Crop Micronutrients Market, by Application

9.1. Market Snapshot

9.2. Global Crop Micronutrients Market by Application, Performance - Potential Analysis

9.3. Global Crop Micronutrients Market Estimates & Forecasts by Application, 2018-2028 (USD Billion)

9.4. Crop Micronutrients Market, Sub Segment Analysis

9.4.1. Fertigation

9.4.2. Soil

9.4.3. Foliar

9.4.4. Seed Treatment

9.4.5. Others

Chapter 10. Global Crop Micronutrients Market, Regional Analysis

10.1. Crop Micronutrients Market, Regional Market Snapshot

10.2. North America Crop Micronutrients Market

10.2.1. U.S. Crop Micronutrients Market

10.2.1.1. Form breakdown estimates & forecasts, 2018-2028

10.2.1.2. Product Type breakdown estimates & forecasts, 2018-2028

10.2.1.3. Crop Type breakdown estimates & forecasts, 2018-2028

10.2.1.4. Application breakdown estimates & forecasts, 2018-2028

10.2.2. Canada Crop Micronutrients Market

10.3. Europe Crop Micronutrients Market Snapshot

10.3.1. U.K. Crop Micronutrients Market

10.3.2. Germany Crop Micronutrients Market

10.3.3. France Crop Micronutrients Market

10.3.4. Spain Crop Micronutrients Market

10.3.5. Italy Crop Micronutrients Market

10.3.6. Rest of Europe Crop Micronutrients Market

10.4. Asia-Pacific Crop Micronutrients Market Snapshot

10.4.1. China Crop Micronutrients Market

10.4.2. India Crop Micronutrients Market

10.4.3. Japan Crop Micronutrients Market

10.4.4. Australia Crop Micronutrients Market

10.4.5. South Korea Crop Micronutrients Market

10.4.6. Rest of Asia Pacific Crop Micronutrients Market

10.5. Latin America Crop Micronutrients Market Snapshot

10.5.1. Brazil Crop Micronutrients Market

10.5.2. Mexico Crop Micronutrients Market

10.6. Rest of The World Crop Micronutrients Market

Chapter 11. Competitive Intelligence

11.1. Top Market Strategies

11.2. Company Profiles

11.2.1. Akzo Nobel N.V

11.2.1.1. Key Information

11.2.1.2. Overview

11.2.1.3. Financial (Subject to Data Availability)

11.2.1.4. Product Type Summary

11.2.1.5. Recent Developments

11.2.2. Aries Agro Ltd.

11.2.3. Baicor, L.C.

11.2.4. BASF SE

11.2.5. Compass Minerals International, Inc

11.2.6. DowDuPont Inc.

11.2.7. The Mosaic Company

11.2.8. Nutrien Ltd.

11.2.9. Western Nutrients Corporation

11.2.10. Yara international ASA

Chapter 12. Research Process

12.1. Research Process

12.1.1. Data Mining

12.1.2. Analysis

12.1.3. Market Estimation

12.1.4. Validation

12.1.5. Publishing

12.2. Research Attributes

12.3. Research Assumption

List of Tables

TABLE 1. Global Crop Micronutrients Market, report scope

TABLE 2. Global Crop Micronutrients Market estimates & forecasts by Region 2018-2028 (USD Billion)

TABLE 3. Global Crop Micronutrients Market estimates & forecasts by Form 2018-2028 (USD Billion)

TABLE 4. Global Crop Micronutrients Market estimates & forecasts by Product Type 2018-2028 (USD Billion)

TABLE 5. Global Crop Micronutrients Market estimates & forecasts by Crop Type 2018-2028 (USD Billion)

TABLE 6. Global Crop Micronutrients Market estimates & forecasts by Application 2018-2028 (USD Billion)

TABLE 7. Global Crop Micronutrients Market by segment, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 8. Global Crop Micronutrients Market by region, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 9. Global Crop Micronutrients Market by segment, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 10. Global Crop Micronutrients Market by region, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 11. Global Crop Micronutrients Market by segment, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 12. Global Crop Micronutrients Market by region, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 13. Global Crop Micronutrients Market by segment, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 14. Global Crop Micronutrients Market by region, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 15. Global Crop Micronutrients Market by segment, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 16. Global Crop Micronutrients Market by region, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 17. U.S. Crop Micronutrients Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 18. U.S. Crop Micronutrients Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 19. U.S. Crop Micronutrients Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 20. Canada Crop Micronutrients Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 21. Canada Crop Micronutrients Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 22. Canada Crop Micronutrients Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 23. UK Crop Micronutrients Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 24. UK Crop Micronutrients Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 25. UK Crop Micronutrients Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 26. Germany Crop Micronutrients Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 27. Germany Crop Micronutrients Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 28. Germany Crop Micronutrients Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 29. RoE Crop Micronutrients Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 30. RoE Crop Micronutrients Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 31. RoE Crop Micronutrients Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 32. China Crop Micronutrients Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 33. China Crop Micronutrients Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 34. China Crop Micronutrients Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 35. India Crop Micronutrients Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 36. India Crop Micronutrients Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 37. India Crop Micronutrients Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 38. Japan Crop Micronutrients Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 39. Japan Crop Micronutrients Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 40. Japan Crop Micronutrients Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 41. RoAPAC Crop Micronutrients Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 42. RoAPAC Crop Micronutrients Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 43. RoAPAC Crop Micronutrients Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 44. Brazil Crop Micronutrients Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 45. Brazil Crop Micronutrients Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 46. Brazil Crop Micronutrients Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 47. Mexico Crop Micronutrients Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 48. Mexico Crop Micronutrients Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 49. Mexico Crop Micronutrients Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 50. RoLA Crop Micronutrients Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 51. RoLA Crop Micronutrients Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 52. RoLA Crop Micronutrients Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 53. Row Crop Micronutrients Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 54. Row Crop Micronutrients Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 55. Row Crop Micronutrients Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 56. List of secondary sources, used in the study of global Crop Micronutrients Market

TABLE 57. List of primary sources, used in the study of global Crop Micronutrients Market

TABLE 58. Years considered for the study

TABLE 59. Exchange rates considered

 
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