Revenue of Agricultural Micronutrients Market to cross US$ 10.4 Bn by 2030, TMR Report

Growing awareness among unorganized farmers about significance of agricultural micronutrients is driving manufacturers for increased production of agricultural micronutrients

Albany, New York, UNITED STATES


Albany NY, United States, May 13, 2022 (GLOBE NEWSWIRE) -- Analysts at TMR estimate the agricultural micronutrients market to expand at a CAGR of 8% during the forecast period from 2020 to 2030. Increasing need to use agricultural micronutrients for depleting soil quality to prevent low crop yield or low quality of agricultural yield is fuelling the growth of global market for agricultural micronutrients.

Micronutrient deficiency is a global phenomenon but differs based on soil condition, climate, rainfall, and other environmental conditions. Declining availability of arable land due to overuse of agricultural land has stimulated the demand for agricultural micronutrients. Excess use of fertilizers such as phosphate that obstructs the availability of zinc, iron, and copper from soil for agricultural crop is compelling the use of micronutrients.

Micronutrients play an important role in sustainable crop production. The balanced use of soil treatment products is likely to help increase the availability of agricultural land and serve the growing demand for food. This opens growth prospects for agricultural micronutrients market.

Asia Pacific held the leading share of agricultural micronutrients market in 2019. Increase in demand for food for the exploding population in some countries and increasing prevalence of micronutrient deficiency boosts the agricultural micronutrients market in the region. High prevalence of deficiency of zinc, iron, and boron in developing countries related to erosion of soil nutrients due to drought, flood, and application of fertilizers with lower quantity micronutrients are some key factors driving the use of agricultural micronutrients in the region.

Get PDF Brochure for More Insights – https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=74472

Agricultural micronutrients Market – Key Findings of the Report

  • Biofortification is gaining popularity as a sustainable and economic way to increase mineral concentration in staple crops. For example, iron fortification helps to integrate nutrients in food crops to result into high yields
  • Agricultural practice of paddy wheat crop rotation resulting into declined soil quality, reduced underground water table, and new micronutrient deficiencies has led to the adoption of zinc biofortification. Zinc is applied as a foliar, and is added to soil to improve cereal-based nutrition. Companies in the agricultural micronutrients market are promoting biofortification at specific and critical stages of cultivation to improve yield.
  • Use of manganese in agricultural crop is gaining popularity to resist diseases in crops. This is encouraging agricultural micronutrients product manufacturers to boost output capacities for manganese compounds. Manganese fertigation enables crop resistance against diseases by triggering the plant’s phytoalexins and molecular compounds, which helps to fight pathogen attack.
  • Significance of calcium, copper, and boron to obtain maximum crop yield is leading manufacturers in the agricultural micronutrients market to scale up production of their compounds
  • Keen companies in the agricultural micronutrients market are engaging in to develop novel agricultural micronutrient compounds for industrial applications. OEMs are tapping into properties of novel agricultural micronutrients that can replace metal and some standard polymers in transmissions, engines, and other powertrain components and withstand harsh ambient conditions.

Get Covid 19 Analysis – https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=74472

Agricultural micronutrients Market – Growth Drivers

  • Increasing concerns of micronutrient deficiency in humans related to lack of adequate micronutrients in soil that impacts quality of yield is opening growth opportunities in agricultural micronutrients market
  • Growing knowledge among unorganized famers about the significance of micronutrients for healthy plant growth stimulates the growth of agricultural micronutrients market

Request a Sample – https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=74472

Agricultural micronutrients Market – Key Players

Some of the key players operating in the agricultural micronutrients market are;

  • BASF SE
  • Nouryon
  • Nufarm
  • Coromandel International
  • Haifa Group
  • Deepak Fertilizers and Petrochemicals Ltd
  • BMS Micro-nutrients
  • The Mosiac Company
  • Nutrien Ltd.
  • Yara International
  • Helena Agri Enterprises LLC
  • Compass Minerals
  • Valagro S.p.A

Make an Enquiry Before Buying - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=74472

The agricultural micronutrients market is segmented as follows;

Agricultural Micronutrients Market, by Product Type

  • Boron
    • Crop Type
      • Cereals & Grains
      • Fruits & Vegetables
      • Oilseeds & Pulses
      • Others
    • Application
      • Soil
      • Fertigation
      • Foliar
      • Seed Treatment
      • Others
  • Iron
    • Crop Type
      • Cereals & Grains
      • Fruits & Vegetables
      • Oilseeds & Pulses
      • Others
    • Application
      • Soil
      • Fertigation
      • Foliar
      • Seed Treatment
      • Others
  • Manganese
    • Crop Type
      • Cereals & Grains
      • Fruits & Vegetables
      • Oilseeds & Pulses
      • Others
    • Application
      • Soil
      • Fertigation
      • Foliar
      • Seed Treatment
      • Others
  • Zinc
    • Crop Type
      • Cereals & Grains
      • Fruits & Vegetables
      • Oilseeds & Pulses
      • Others
    • Application
      • Soil
      • Fertigation
      • Foliar
      • Seed Treatment
      • Others
  • Copper
    • Crop Type
      • Cereals & Grains
      • Fruits & Vegetables
      • Oilseeds & Pulses
      • Others
    • Application
      • Soil
      • Fertigation
      • Foliar
      • Seed Treatment
      • Others
  • Others
    • Crop Type
      • Cereals & Grains
      • Fruits & Vegetables
      • Oilseeds & Pulses
      • Others
    • Application
      • Soil
      • Fertigation
      • Foliar
      • Seed Treatment
      • Others

Agricultural Micronutrients Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

Chemicals & Materials Industry battles Tangible Impact of Economic and Cultural changes, Explore Transparency Market Research’s award-winning coverage of the global Chemicals & Materials:

Onshore Drilling Fluids Market - https://www.transparencymarketresearch.com/onshore-drilling-fluids-market.html

Anthracite Coal Mining Market- https://www.transparencymarketresearch.com/anthracite-coal-mining.html         

        
About Transparency Market Research        

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyse information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

For More Research Insights on Leading Industries, Visit our YouTube channel - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ

Contact

Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
Press Release Source: https://www.transparencymarketresearch.com/pressrelease/agricultural-micronutrients-market.htm