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Crop Micronutrients Market (Product Type - Copper, Boron, Iron, Zinc, and Other Product Types; Form - Chelated, and Non-chelated; Crop Type - Fruits and Vegetables, Cereals and Grains, Pulses and Oilseeds, and Other Crop Types; Application - Soil, Foliar, Fertigation, Seed Treatment, and Other Applications): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025

  • Published : March, 2020

  • Rep Id : AC0058

  • Category : Agriculture & Agrochemicals

  • Status : Published

This report provides exclusive insights into the COVID-19 impact on the Crop Micronutrients Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Crop Micronutrients Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Crop Micronutrients Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.

A recent report published by Infinium Global Research on crop micronutrients market provides an in-depth analysis of segments and sub-segments in the global as well as regional crop micronutrients market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional crop micronutrients market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global crop micronutrients market. According to the report, the global crop micronutrients market is projected to grow at a CAGR of 8.2% over the forecast period of 2019-2025.

 

Market Insight

Crop micronutrients are vital elements required in small quantities for plant growth and other metabolic activities of plants. These are naturally found and can be artificially synthesized. Micronutrients such as zinc, iron, boron, and copper balanced crop nutrition. These micronutrients stimulate plant growth by improving properties such as quality, taste, color, resistance to disease, and water use.

 

Micronutrients increase the effectiveness of crop yield and productivity. Growing awareness about the benefits of micronutrients led to the expansion of the crop micronutrients market. Further, the rising use of chemical fertilizers, intensive cropping patterns, and water scarcity issues promote deficiencies in micronutrients among crops. Such deficiencies are detected through different symptoms in plants and testing the plant tissues and soil. This will augment the demand for crop micronutrients over the forecast period. In addition, micronutrients have an impact on the body’s immune system and it reduces the risk of dementia, blindness, and mental retardation. This encourages consumers to prefer a nutrient-rich diet complementing the growth of crop micronutrients market. Additionally, micronutrients are used by humans and other microorganisms for different physiological functions. On the flip side, the availability of cheaper alternatives and counterfeit products hampers the growth of crop micronutrients market. Moreover, research and development on micronutrient availability bode well create several opportunities for the market.

 

Geographically, the global crop micronutrients market is divided into North America, Asia-Pacific, Europe, and the Rest of the World. Asia-Pacific region accounts for the largest share in the global crop nutrients market. Increasing focus on improving the efficiency in agriculture in countries such as India and China contributes to the growth of the Asia-Pacific crop micronutrients market. Agriculture is a major industry in India and China. North America has potential opportunities in the global crop micronutrients market. The adoption of advanced technologies in farming in North America will expand the growth of crop micronutrients market in North America. Europe is expected to grow in the global crop micronutrients market with a healthy CAGR over the forecast period. The growth of the market in Europe is attributed to the rising vegan population and growing awareness about nutrient-rich diet in the region. A study shows that Italy has the dominant share of vegetarians in Europe with 10% of the total population.

 

Segment Covered

The report on global crop micronutrients market covers segments such as product type, form, crop type, and application. On the basis of product type, the sub-markets include copper, boron, iron, zinc, and other product types. On the basis of form, the sub-markets include chelated, and non-chelated. On the basis of crop type, the sub-markets include fruits and vegetables, cereals and grains, pulses and oilseeds, and other crop types. On the basis of application, the sub-markets include soil, foliar, fertigation, seed treatment, and other applications.

 

Companies Profiled:

The report provides profiles of the companies in the market such as BASF SE, Akzo Nobel N.V., Aries Agro Ltd., The Mosaic Company, Nutrien Ltd., Western Nutrients Corporation, Yara International ASA, Baicor L.C., Compass Minerals International, Inc., DowDuPont Inc., and Other companies.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of crop micronutrients market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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