Micronutrients are those elements essential for plant growth which are needed in only very small (micro) quantities. These elements are sometimes called minor elements or trace elements, but use of the term micronutrient is encouraged by the American Society of Agronomy and the Soil Science Society of America. The micronutrients are boron (B), copper (Cu), iron (Fe), chloride (Cl), manganese (Mn), molybdenum (Mo) and zinc (Zn). Recycling organic matter such as grass clippings and tree leaves is an excellent way of providing micronutrients (as well as macronutrients) to growing plants.
Micronutrients are known to play many complex roles in plant development and health. Micronutrients promote the strong, steady growth of crops that produce higher yields and increase harvest quality ? maximizing a plant?s genetic potential. In particular, their presence can have a great impact on root development, fruit setting and grain filling, seed viability and plant vigor and health.
Micronutrient deficiency or toxicity can result in stunted growth, low yields, dieback and even plant death. They also benefit plants indirectly by feeding the microorganisms in the soil that perform important steps in various nutrient cycles of the soil-plant root system.
Increasing evidence indicates that crops grown in soils with low levels of micronutrients may not provide sufficient human dietary levels of certain elements, even though the crops show no visual signs of deficiency themselves.
According to this study, over the next five years the Micronutrient market will register a xx% CAGR in terms of revenue, the global market size will reach USD xx million by 2024, from USD xx million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Micronutrient business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Micronutrient market by product type, application, key manufacturers and key regions and countries.
This study considers the Micronutrient value and volume generated from the sales of the following segments-
Segmentation by product type- breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Soil Fertilizer
Foliar Fertilizer
Seed Treatment
Hydroponics
Other
Segmentation by application- breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Cereals
Fruits and Vegetables
Flowers
Other
This report also splits the market by region- Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report- Breakdown data in in Chapter 3.
BASF
AkzoNobel
Yara International
Haifa
Agrium
Stoller
Mosaic
JR Simplot
Nulex
Sapec SA
Wolf Trax
DAYAL GROUP
SAM HPRP
Frit Industries
Valagro
ATP Nutrition
Kronos Micronutrients
Sun Agrigenetics
QC Corporation
Coromandel International
Microfeed
Sinofert Holding
Jinpai Fertilier
Hui Yi Chemical
Wintong Chemicals
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Micronutrient consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Micronutrient market by identifying its various subsegments.
Focuses on the key global Micronutrient manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Micronutrient with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Micronutrient submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
