Global Agricultural Micronutrients
Market Report
2024
Agricultural Micronutrients Market size is USD 4.5 Billion in 2024 and will expand at a compound annual growth rate (CAGR) of 8.60% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global agricultural micronutrients market size is USD 4.5 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 8.6% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Agricultural Micronutrients Market Sales Revenue 2024 | $ 4.5 Billion |
Global Agricultural Micronutrients Market Sales Revenue 2030 | $ 8.52 Billion |
Global Agricultural Micronutrients Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8.6% |
Market Split by Type |
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Market Split by Crop Type |
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Market Split by Form |
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Market Split by Mode of Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Agricultural Micronutrients Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Agricultural micronutrients are the minute concentrations of essential trace elements that plants require for normal growth and development, and factors such as zinc, iron, copper, manganese, molybdenum, boron, and chlorine fall within this unit. A number of factors are propelling the micronutrients market forward, including the need to address soil micronutrient deficiencies caused by intensive farming practices, the growing awareness of the benefits of micronutrients in agriculture, and the pressing need to increase agricultural productivity in response to the world’s increasing food demand. Supporting the expansion of agricultural micronutrients relies heavily on effective government policy. In addition, the demand for efficient fertilizer has been on the rise in the agriculture industry, which is mostly attributable to the massive increase in the demand for premium agricultural products around the world.
Growing Concern over the Quality of Harvested Food- Agricultural micronutrients have grown in popularity because there is a growing need for premium crops and other agricultural products. The need for food is rising in tandem with the world’s population. Improving agricultural yields and nutritional quality is a top priority in order to keep up with this increasing demand. Plant development, nutrient absorption, and crop quality are all greatly improved by agricultural micronutrients, including zinc, iron, manganese, and others, which are expected to drive market expansion. The expanding global population and the prevalence of food poverty are driving growth in the agricultural micronutrient industry.
Market expansion for agricultural micronutrients would be hindered over the forecast period by rising raw material prices and tightening regulations. The limited availability of government schemes and services that address soil health and nutrient deficiencies for farmers also impedes the expansion of the agricultural micronutrient market.
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In January 2024, Nouryon, a world-renowned pioneer in specialty chemicals, announced that its new Expancel expandable microspheres plant in Green Bay, Wisconsin, US, has commenced full-scale production. Complementing the Company’s current full-scale plant in Sundsvall, Sweden, and product expansion facilities in China and Brazil, the new plant’s launch marks a significant milestone in better serving North American specialty additives customers in the packaging, construction, mining, and automotive industries.
Top Companies Market Share in Agricultural Micronutrients Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40%of the global revenue. North America emerges as the dominant region in the agricultural micronutrients market because of the large amount of land used for farming, the increasing number of people in the world, the demand for better food, and the increased interest in using agricultural micronutrients to boost crop yields and productivity in developing nations. This industry is expected to continue growing due to rising agricultural practices and the need for high-quality agricultural produce.
Asia-Pacific stands out as the fastest-growing region in the agricultural micronutrient market because the region’s awareness of micronutrient deficiencies is on the rise, food output is growing rapidly, and technology is improving. Market expansion is also driven by the introduction of new products that capitalize on technology developments in this area.
The current report Scope analyzes Agricultural Micronutrients Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global Agricultural Micronutrients Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Agricultural Micronutrients Industry growth. Agricultural Micronutrients market has been segmented with the help of its Type, Crop Type Form, and others. Agricultural Micronutrients market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for Agricultural Micronutrients market.
Type of Agricultural Micronutrients analyzed in this report are as follows:
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Agricultural Micronutrients Industry. Request a Free Sample PDF!
According to cognitive market research, fruits & vegetables are the dominant category because it’s essential for a wide range of plant physiological processes, which in turn boost plant growth, disease resistance, and nutrient density. Micronutrients, such as boron and zinc, improve the size, and flavor of fruits and vegetables, and they are essential for fruit set and quality. Plants are healthier and more productive when they have access to enough agricultural micronutrients, which allows them to make better use of macronutrients. More sustainable farming practices are encouraged since fruits and vegetables cultivated with the right amounts of micronutrients tend to be more disease- and pest-resistant.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Agricultural Micronutrients market report 2024 Edition by contacting our team.
Research Analyst at Cognitive Market Research
I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.
I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.
I am committed to continuous professional development, regularly engaging in workshops, seminars, and staying attuned to the latest industry trends. This commitment reflects my dedication to providing cutting-edge insights and staying ahead in the ever-evolving field of research. I led research initiatives aimed at uncovering market opportunities and enhancing competitive positioning. My responsibilities spanned the entire research lifecycle, from designing methodologies to presenting findings. Through collaborative efforts, I facilitated data-driven decision-making processes that contributed to the overall success of key projects.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Agricultural Micronutrients Market is witnessing significant growth in the near future.
In 2023, the Zinc segment accounted for noticeable share of global Agricultural Micronutrients Market and is projected to experience significant growth in the near future.
The Fruits & Vegetables segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies BASF SE (Germany) , Nufarm (Australia) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Type | Zinc, Boron, Iron, Molybdenum, Copper, Manganese, Others |
Crop Type | Fruits & Vegetables, Cereals & Grains, Oilseeds & Pulses, Others |
Form | Chelated, Non-Chelated |
Mode of Application | Soil, Foliar, Fertigation, Others |
List of Competitors | BASF SE (Germany), Nouryon (Netherlands), Nufarm (Australia), Yara International ASA (Norway), Coromandel International Limited (India), Land O’Lakes Inc. (US), Helena Agri-Enterprises LLC (US), The Mosaic Company (US), Haifa Negev Technologies Ltd (Israel), Manvert (Spain), Syngenta AG(Switzerland), Zuari Agrochemicals Ltd (India), Stoller Enterprises Inc (US), Balchem Corp. (US), ATP Nutrition (Canada), WILBUR-ELLIS HOLDINGS INC. (US), BMS Micro-Nutrients NV (Belgium), Koch Agronomic Services LLC (US), AgroLiquid (US), Aries Agro Limited (India), GREEN RISE AGRO INDUSTRIES (India), BLUE-DIP ORGANIC INDUSTRIES (India), Napnutriscience(Thailand), Gitaji Pesticides Industries (India), Nutrimax Agro (India) |
This chapter will help you gain GLOBAL Market Analysis of Agricultural Micronutrients. Further deep in this chapter, you will be able to review Global Agricultural Micronutrients Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Agricultural Micronutrients Market Trends North America Agricultural Micronutrients Technological Road Map North America Agricultural Micronutrients Market Drivers North America Agricultural Micronutrients Market Restraints North America Agricultural Micronutrients Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
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Chapter 3 Europe Market Analysis
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Chapter 4 Asia-Pacific Market Analysis
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Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Crop Type Analysis 2019 -2031
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Chapter 12 Market Split by Form Analysis 2019 -2031
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Chapter 13 Market Split by Mode of Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Agricultural Micronutrients market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Zinc have a significant impact on Agricultural Micronutrients market? |
What are the key factors affecting the Zinc and Boron of Agricultural Micronutrients Market? |
What is the CAGR/Growth Rate of Fruits & Vegetables during the forecast period? |
By type, which segment accounted for largest share of the global Agricultural Micronutrients Market? |
Which region is expected to dominate the global Agricultural Micronutrients Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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