Agricultural Micronutrients Market Potential Growth, Share, Demand and Analysis of Key Players

by Deepak Kumar Sr. SEO Executive

The Agricultural micronutrients market is projected to reach $9,009.2 million by 2023. The market growth is driven by the fact that growing global population will continue to boost the demand for cereals and grains, thereby boosting the demand for micronutrients used for the promoting the growth of the crops.

On the basis of crop type, the agricultural micronutrients market is categorized into cereals and grains, fruits and vegetables, oilseeds and pulses, and others (sugarcane, cotton, coconut, rubber, and tea and coffee). In 2017, cereals and grains were the largest category in the market.

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On the basis of type, the agricultural micronutrients market is categorized into zinc, iron, boron, molybdenum, manganese, and others (copper, nickel, and chlorine). Of these, zinc micronutrients contributed the largest revenue to the market in 2017, accounting for more than 25.0% share.                          agricultural micronutrients market

APAC accounted for the largest revenue share in terms of value in the agricultural micronutrients market, accounting for more than 55.0% in 2017. The  high demand for the product is driven by increasing demand for processed and non-processed food, which in turn, is boosting the adoption of micronutrients used in growing different types of crops.

The agricultural micronutrients market is characterized by presence of large number of multinational corporations as majority of the major players operating in the market are present in more than three countries. FMC Corporation, Akzo Nobel N.V., Yara International ASA, BASF SE, Sinochem Group, and SAPEC SA were the leading players in 2017. Companies such as FMC Corporation and Akzo Nobel N.V. have wide range of agricultural micronutrients products.

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Some of the other major players operating in the global agricultural micronutrients market are The Mosaic Company, Coromandel International Limited, Chambal Fertilisers and Chemicals Limited, and Haifa Group.


By Type

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

By Form Factor

  • Ethylenediaminetetraacetic Acid (EDTA)
  • Diethylenetriaminepentaacetic Acid (DTPA)
  • Ethylenediamine-N,N’-bis(2-hydroxyphenylacetic acid) (EDDHA)
  • N,N′-bis(2-hydroxyphenyl)ethylendiamine-N,N′-diacetic acid (HBED)
  • Non-Chelated

By Crop Type

  • Cereals and Grains
  • Fruits and Vegetables
  • Oilseeds and Pulses
  • Others

By Application Mode

  • Soil
  • Fertigation
  • Foliar
  • Others

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About Deepak Kumar Advanced   Sr. SEO Executive

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Joined APSense since, May 30th, 2017, From New York, United States.

Created on Mar 28th 2019 04:04. Viewed 409 times.


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