The global Agricultural Micronutrients market size in 2022 is 4229.3 million US dollars, and it is expected to be XX million US dollars by 2029, with a compound annual growth rate of 8.00% expected in 2023-2029.
MARKET COMPETITIVE LANDSCAPE:
The main players in the Agricultural Micronutrients market include BASF SE (Germany), AkzoNobel (Netherlands), Nutrien Ltd.(Canada), Nufarm (Australia), and Coromandel International Ltd. (India). The share of the top 3 players in the Agricultural Micronutrients market is XX%.
REGION SHARE:
The report covers the market size information of North America, Europe, Asia Pacific, Latin America, Middle East and Africa, and North America accounted for XX%, Europe accounted for XX% of Agricultural Micronutrients market, and Asia Pacific accounted for XX%.
SEGMENT OVERVIEW:
The report segments the market by Type and Application. Zinc accounted for XX% of Agricultural Micronutrients market in 2022. Boron share of XX%.
Cereals & grains accounted for XX% of the Agricultural Micronutrients market in 2022. Oilseeds & pulses accounts for XX%.
Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
COVID-19 Impact:
Outbreak of COVID-19 pandemic due to lockdown restrictions imposed by governments around the world has affected the growth of the global Agricultural Micronutrients market in 2020. The containment measures taken by the governments of various countries in response to control the outbreak of COVID-19 disrupted the entire supply chain by creating logistical interruptions, transportation restrictions, and product supply across borders.
The report analyzes the key trends in each segment of the global Agricultural Micronutrients market along with global and country-level forecasts from 2023 to 2028. Our report segments the market based on types and applications, thereby providing a detailed analysis of the market to help gain an in-depth understanding of the market and enable market participants, stakeholders, investors, etc. to have a clearer understanding of the market and judgment.
Key benefits to stakeholders:
The report provides a comprehensive quantitative analysis of various segments, historical and current market trends, market forecasts, and dynamics of the Agricultural Micronutrients market for 2017-2028.
The research report provides the latest information on the market drivers, challenges and opportunities of the global Agricultural Micronutrients market.
The study profiles the leading as well as the fastest growing regional markets. It further enables stakeholders to identify key country-level markets within each region.
Porter's Five Forces Analysis helps stakeholders assess the impact of new entrants, competitors, supplier strength, buyer strength, and threat of substitution. It helps stakeholders analyze the level of competition in the Agricultural Micronutrients industry and its attractiveness.
The competitive landscape enables stakeholders to understand their competitive environment and gain insight into the current position of the key players in the market.
Digital technology is becoming more and more popular in agricultural value chain
Digital technology is becoming more and more popular in agricultural value chain, which reduces information asymmetry, improves transparency and raises output to a new high. So far, agricultural technology has promoted the development of agriculture in four "times" and continues to determine the maturity of producing countries.
For example, in terms of corn production, Africa and India are still in the first stage, known as the Green Revolution, which is characterized by the use of fertilizers and pesticides. Argentina, Brazil and China are in the stage of modern agriculture, which involves a new generation of crop protection products and new farming methods, such as mechanization. The European Union and the United States have developed into the 21st century agriculture characterized by precision agriculture-for example, using advanced analytical techniques to apply nutrients and crop protection products in different proportions.
In the next few years, only the producers who master precision agriculture can be ready to use the fourth era, that is, the next generation of agricultural technology. Although it is still far away, this era will be characterized by the the proliferation of biotechnologies, gene editing (such as CRISPR), and automation, including agricultural robots that will monitor fields and harvest crops.
Highlights-Regions
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Spain
Nordic
Asia Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Latin America
Brazil
Mexico
Argentina
Middle East & Africa
Egypt
South Africa
UAE
Turkey
Saudi Arabia
Player list
BASF SE (Germany)
AkzoNobel (Netherlands)
Nutrien Ltd.(Canada)
Nufarm (Australia)
Coromandel International Ltd. (India)
Helena Chemical Company (US)
Yara International ASA (Norway)
The Mosaic Company (US)
Haifa Group (Israel)
Sapec SA (Belgium)
Compass minerals international (US)
Valagro (Italy)
Zuari Agrochemicals Ltd (India)
Stoller Enterprises Inc (US)
Balchem (US)
Types list
Zinc
Boron
Iron
Manganese
Molybdenum
Others (Chlorine and Nickel)
Application list
Cereals & grains
Oilseeds & pulses
Fruits & vegetables
Others (Turfs
ornamentals
plantation crops
forages
and fiber crops)
