Agricultural Micronutrients Market
Agricultural Micronutrients Market - Global Industry Assessment & Forecast
Segments Covered
- By Type Zinc, Boron, Iron, Manganese, Molybdenum, Others (Chlorine and Nickel)
- By Crop Type Cereals & grains, Oilseeds & pulses, Fruits & vegetables, Others (Turfs, ornamentals, plantation crops, forages, and fiber crops)
- By Form Chelated, Non-Chelated
- By Application Soil, Foliar, Fertigation, Others (Seed treatment, trunk injection, and implantation)
Snapshot
Base Year: | 2022 |
Forecast Years: | 2023 - 2030 |
Historical Years: | 2017 - 2021 |
Revenue 2022: | USD 4229.28 Million |
Revenue 2030: | USD 7828.10 Million |
Revenue CAGR (2023 - 2030): | 8.00% |
Fastest Growing Region (2023 - 2030) | Asia Pacific |
Largest Region (2022): | Asia Pacific |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
Research Methodology: Agricultural Micronutrients Market by Type by Crop Type by Form by Application - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
The next stage involves the primary research conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills data requirements pertaining to first-hand information global market size, regional and segmental trends, competitive landscape expertise development and market understandings among others.
Data Triangulation and Market Size Estimations
Top-down and bottom-up approaches are used to validate and estimate the market size of the Agricultural Micronutrients market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. The data was triangulated by employing various data models and statistical techniques to arrive at exact statics and market size for each segment/sub-segment of the market.
FAQ
Frequently Asked Question
What is the global demand for Agricultural Micronutrients in terms of revenue?
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The global Agricultural Micronutrients valued at USD 4229.28 Million in 2022 and is expected to reach USD 7828.10 Million in 2030 growing at a CAGR of 8.00%.
Which are the prominent players in the market?
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The prominent players in the market are 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), ATP Nutrition (Canada), Baicor LC (US), Corteva Inc (US), and BMS Micronutrient NV (Belgium)..
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 8.00% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
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The driving factors of the Agricultural Micronutrients include
- increasing micronutrient deficiencies in the soil and rising awareness about food security
Which region accounted for the largest share in the market?
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Asia Pacific was the leading regional segment of the Agricultural Micronutrients in 2022.