Global Agricultural Micronutrients Market was worth USD 5.486 Billion in 2016
Deficiency of Micronutrients results in withering of buds in crops, yellowing of leaves, health hazards and eventually results in the decline of crop productivity.
(EMAILWIRE.COM, April 09, 2018 ) Global Agricultural Micronutrients Market was worth USD 5.486 Billion in 2016 and is expected to reach USD 8.05 Billion by 2021 with a CAGR of 8.2 %. Market is growing at a huge rate due to rising soil deficiencies and increasing demand for high quality yield.
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Micronutrients are supplements required by organisms throughout the life in little amounts to coordinate a range of physiological functions. Micronutrients are essential for the growth of the plants and plays an important role in balanced crop protection. Deficiency of Micronutrients results in withering of buds in crops, yellowing of leaves, health hazards and eventually results in the decline of crop productivity.
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Rising demand for food and increasing demand for standard quality and continuous yield because of growing population, depleting arable land are the major factors driving the market. Lack of awareness among farmers in developing regions, high cost, lack of awareness about an appropriate quantity to be injected into the soil due to lack of standardized levels established by regulatory agencies are the major restraints of the markets.
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Agricultural Micronutrients Market is segmented based on Type, Mode of Application, Form and Crop type. Based on Type, Market is segmented into Zinc, Boron, Copper, Manganese, Molybdenum, Iron, cobalt and others. Based on Mode of Application, Market is segmented into Soil, Fertigation, seed treatment, Foliar and Others. Based on Form, Market is segmented into Chelated and Non-Chelated Agricultural Micronutrients. Chelated agricultural micronutrients are further segmented into Ethylenediaminetetraacetic Acid (EDTA), Diethylene Triamine Pentaacetic Acid (DTPA), Ethylenediamine Di-2-Hydroxyphenyl Acetate (EDDHA), D,L-Aspartic Acid N-(1,2-Dicarboxyethyl) Tetrasodium Salt (IDHA), Hydroxybenzyl Ethylenediamine Diacetic Acid(HBED). Based on crop type, the market is segmented into Fruits and Vegetables, Cereals, Pulses and oilseeds and others. Zinc segment is expected to grow at highest CAGR because of growing demand for zinc in the food. Cereals is the highest growing segment around the world owing to continuous technological advancements and growing demand for cereals.
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Geographically, this market is further segmented into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. Asia-Pacific is the largest market globally and continues to dominate the world throughout the forecast period owing to high demand for nutritious food, increasing investment in agricultural sector and management of crop production costs.
Some of the key players operating in global market are BASF SE, Mosaic and Cheminova, Agrium Inc., Aries Agro Ltd., Coromandel International Ltd., Yara International, Valagro, Gujarat State Fertilizers & Chemicals, Tradecorp International, AkzoNobel.
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Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialities with competitive pricing options. For more info kindly visit, www.marketdataforecast.com
Browse full report @ https://www.marketdataforecast.com/market-reports/global-agricultural-micronutrients-market-1825/
Micronutrients are supplements required by organisms throughout the life in little amounts to coordinate a range of physiological functions. Micronutrients are essential for the growth of the plants and plays an important role in balanced crop protection. Deficiency of Micronutrients results in withering of buds in crops, yellowing of leaves, health hazards and eventually results in the decline of crop productivity.
Request sample report @ https://www.marketdataforecast.com/market-reports/global-agricultural-micronutrients-market-1825/request-sample
Rising demand for food and increasing demand for standard quality and continuous yield because of growing population, depleting arable land are the major factors driving the market. Lack of awareness among farmers in developing regions, high cost, lack of awareness about an appropriate quantity to be injected into the soil due to lack of standardized levels established by regulatory agencies are the major restraints of the markets.
Inquire before buying report @ https://www.marketdataforecast.com/market-reports/global-agricultural-micronutrients-market-1825/inquire
Agricultural Micronutrients Market is segmented based on Type, Mode of Application, Form and Crop type. Based on Type, Market is segmented into Zinc, Boron, Copper, Manganese, Molybdenum, Iron, cobalt and others. Based on Mode of Application, Market is segmented into Soil, Fertigation, seed treatment, Foliar and Others. Based on Form, Market is segmented into Chelated and Non-Chelated Agricultural Micronutrients. Chelated agricultural micronutrients are further segmented into Ethylenediaminetetraacetic Acid (EDTA), Diethylene Triamine Pentaacetic Acid (DTPA), Ethylenediamine Di-2-Hydroxyphenyl Acetate (EDDHA), D,L-Aspartic Acid N-(1,2-Dicarboxyethyl) Tetrasodium Salt (IDHA), Hydroxybenzyl Ethylenediamine Diacetic Acid(HBED). Based on crop type, the market is segmented into Fruits and Vegetables, Cereals, Pulses and oilseeds and others. Zinc segment is expected to grow at highest CAGR because of growing demand for zinc in the food. Cereals is the highest growing segment around the world owing to continuous technological advancements and growing demand for cereals.
Request discount report @ https://www.marketdataforecast.com/market-reports/global-agricultural-micronutrients-market-1825/request-discount
Geographically, this market is further segmented into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. Asia-Pacific is the largest market globally and continues to dominate the world throughout the forecast period owing to high demand for nutritious food, increasing investment in agricultural sector and management of crop production costs.
Some of the key players operating in global market are BASF SE, Mosaic and Cheminova, Agrium Inc., Aries Agro Ltd., Coromandel International Ltd., Yara International, Valagro, Gujarat State Fertilizers & Chemicals, Tradecorp International, AkzoNobel.
Buy full report @ https://www.marketdataforecast.com/cart/buy-now/global-agricultural-micronutrients-market-1825
About Market Data Forecast:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialities with competitive pricing options. For more info kindly visit, www.marketdataforecast.com
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Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results