Agricultural Micronutrients Market – Global Industry Insights, Market Size Estimation and Growth Forecast By Type (Zinc, Iron, Boron, Molybdenum, Manganese, and Others), By Form Factor (IDHA, EDTA, DTPA, EDDHA, HBED, and Non-Chelated), By Crop Type (Fruits & Vegetables, Cereals & Grains, Oilseeds & Pulses, Floriculture, and Others), By Application Mode (Soil, Fertigation, Foliar, and Others), & By Regions, 2017- 2025

Report Description

The market for agricultural micronutrients has been covered under the scope of this report. Agricultural micronutrients are essential nutritional elements required in small amount by plants. Zinc (Zn), Boron (B), Copper (Cu) and Molybdenum (Mo) are some of the examples of agricultural micronutrients. The global micronutrients market has been segmented on the basis of type, form factor, crop type, application mode, and region. It also provides a cross sectional study of the global agricultural micronutrients market across broad regional segments such as North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America under its scope.

Scope of the Report

A complete analysis of market dynamics, which include the market drivers, restraints and opportunities, is included under the scope of the report. Market dynamics are the distinctive factors that influence the growth of any specific market and hence are invaluable in studying the current trends in the global market. Market dynamics for the different segments, namely type, form factor, crop type, application mode, have been covered separately, under the purview of the report. Additionally, the pricing dynamics for each region has also been covered under the scope of the report. The pricing dynamics focuses on the price range of agricultural micronutrients, in each region, and details the reasons for rise or fall in prices of Agricultural Micronutrients. Thus, this report provides an exhaustive study of the global market and also provides the forecast of the market for the period from 2017 – 2025.

High-level Analysis Covered in the Report

Under the scope of the report on global agricultural micronutrients market, several high-level analyses have been covered. This includes:

1. The product-market trend analysis
2. Product life-cycle analysis
3. Patent analysis
4. Porter’s five forces analysis, and
5. Market attractiveness analysis

Market evolution analysis discusses regarding the product evolution and current market scenario. Key trends analysis discusses the current and upcoming trends of this market. Product lifecycle analysis analyzes the current lifecycle stage of the product in the five wide geographic regions, such as whether the product is approaching maturity in a region or whether it is a new entrant etc. Porter’s five forces analysis provides insights on the competitive scenario, with regards to new entrants, substitutes, buyers and suppliers. Patent analysis discusses on the various patents being filed and granted, across the different patent offices. For providing a detailed insight into the global market, the market attractive analysis has been provided in the report. Market attractiveness analysis details the investment attractiveness, by each type, form factor, crop type, application mode, and geography.

Market Dynamics

The primary driving factors of the market are increasing awareness among agricultural community to use nutritional elements to address micronutrients deficiencies in plants. In Asian countries, non-chelated micronutrients are gaining popularity due to its low cost, convenience in usage and compatibility with most of the crop types. Decrease in soil quality and arable land is encouraging farmers to use agricultural micronutrients to increase crop production volume within the limited available land. In addition, growing usage of agricultural micronutrients for food fortification is also driving the growth of the market. Considering the positive impacts of the aforementioned factors, the demand for agricultural micronutrients is expected to rise during the forecast period from 2017 – 2025.

The Competitive Profiling

The competitive profiling of the key players in the global agricultural micronutrients market and their capabilities as well as major customers has been exhaustively covered under the purview of the study. Moreover, the distinct business strategies that have been adopted by the major players in the market have also been included in the report.

Leading Companies in the Agricultural Micronutrients Market

Some major players in the agricultural micronutrients industry are:

• FMC Corporation (U.S.), Mosaic Company (U.S.)
• BASF SE (Germany)
• Akzo Nobel N.V. (Netherlands)
• Yara International ASA (Norway)
• Sinochem Group (China)
• SAPEC SA (Belgium)
• Haifa Chemicals Ltd (Israel)
• Chambal Fertilizers and Chemicals Limited (India), Coromandel International Limited (India) among others.

Report Highlights

1. Impeccable insights related to relevant segment of the market.
2. In depth analysis of key trends of the market.
3. In-depth analysis of the competitive landscape and competitor behavior in the market.
4. Major push factors that will affect the growth of the market.
5. Growth possibilities in different segments of the market till 2025.
6. Key strategies implemented by the market leaders to sustain growth in the market.
7. Major restraining factor of the market.
8. Ways to generate new revenue streams.

The Agricultural Micronutrients Market has been segmented as follows:

Agricultural Micronutrients Market, by Type

• Zinc
• Iron
• Boron
• Molybdenum
• Manganese
• Others

Agricultural Micronutrients Market, by Form Factor

• IDHA
• EDTA
• DTPA
• EDDHA
• HBED
• Non-Chelated

Agricultural Micronutrients Market, by Crop Type

• Fruits & Vegetables
• Cereals & Grains
• Oilseeds & Pulses
• Floriculture
• Others

Agricultural Micronutrients Market, by Application Mode

• Soil
• Fertigation
• Foliar
• Others

Agricultural Micronutrients Market, by Region

• North America (The U.S., Canada and Mexico)
• Europe (Germany, The U.K, Netherlands, France and Rest of the Europe)
• Asia Pacific (China, India, Australia, New Zealand, Bangladesh and Rest of the Asia-Pacific)
• Middle East and Africa (South Africa, Ethiopia, and Rest of the MEA)
• South America (Brazil, Argentina, and Rest of the South America)

Regional Outlook

By region, the global market has been segmented into five regions; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. Asia Pacific occupied the largest share of the market in 2016. The large market share can be attributed to growing demand of agricultural micronutrients for increasing crop production yield, food fortification and addressing plant malnutrition in different countries in the Asia-Pacific region.