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Agricultural Micronutrients Market Trends and Forecast
The future of the global agricultural micronutrients market looks promising with opportunities in the soil, foliar, and fertigation markets. The global agricultural micronutrients market is expected to reach an estimated $7.6 billion by 2030 with a CAGR of 7.1% from 2024 to 2030. The major drivers for this market are expanding knowledge of plant deficits in micronutrients, rising agricultural technological developments, and growing understanding of the advantages of micronutrients for promoting the synthesis of chlorophyll.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Agricultural Micronutrients Market by Segment
The study includes a forecast for the global agricultural micronutrients market by form, type, application, and region
Agricultural Micronutrients Market by Form [Shipment Analysis by Value from 2018 to 2030]:
• Chelated
• Non-chelated
Agricultural Micronutrients Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Zinc
• Boron
• Iron
• Molybdenum
• Manganese
• Others
Agricultural Micronutrients Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Soil
• Foliar
• Fertigation
Agricultural Micronutrients Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Agricultural Micronutrients Market Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies agricultural micronutrients market companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the agricultural micronutrients market companies profiled in this report include-
• Nutrien
• Israel Chemicals
• Coromandel International
• Yara
• Indian Farmers Fertiliser
• Koch Agronomic
• Marubeni
• Nouryon Chemicals
Agricultural Micronutrients Market Insights
Lucintel forecast that zinc is expected to witness largest segment over the forecast period because of growing understanding of the global zinc shortage in soils and its many roles in plant development.
APAC is expected to witness highest growth over the forecast period because the public demand for crops farmed responsibly is rising, and there is a growing emphasis on using environmentally friendly farming methods to cut down on waste and carbon emissions.
Features of the Global Agricultural Micronutrients Market
Market Size Estimates: Agricultural micronutrients market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Agricultural micronutrients market size by form, type, application, and region in terms of value ($B).
Regional Analysis: Agricultural micronutrients market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different form, type, application, and regions for the agricultural micronutrients.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the agricultural micronutrients.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the agricultural micronutrients market size?
Answer: The global agricultural micronutrients market is expected to reach an estimated $7.6 billion by 2030.
Q.2 What is the growth forecast for agricultural micronutrients?
Answer: The global agricultural micronutrients market is expected to grow with a cagr of 7.1% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the agricultural micronutrients?
Answer: The major drivers for this market are expanding knowledge of plant deficits in micronutrients, rising agricultural technological developments, and growing understanding of the advantages of micronutrients for promoting the synthesis of chlorophyll.
Q4. What are the major segments for agricultural micronutrients?
Answer: The future of the global agricultural micronutrients market looks promising with opportunities in the soil, foliar, and fertigation markets.
Q5. Who are the key agricultural micronutrients market companies?
Answer: Some of the key agricultural micronutrients market companies are as follows:
• Nutrien
• Israel Chemicals
• Coromandel International
• Yara
• Indian Farmers Fertiliser
• Koch Agronomic
• Marubeni
• Nouryon Chemicals
Q6. Which agricultural micronutrients market segment will be the largest in future?
Answer: Lucintel forecast that zinc is expected to witness largest segment over the forecast period because of growing understanding of the global zinc shortage in soils and its many roles in plant development.
Q7. In agricultural micronutrients, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period because the public demand for crops farmed responsibly is rising, and there is a growing emphasis on using environmentally friendly farming methods to cut down on waste and carbon emissions.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the agricultural micronutrients market by form ( chelated and non-chelated), type (zinc, boron, iron, molybdenum, manganese, and others), application (soil, foliar, and fertigation), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Agricultural Micronutrients Market, Agricultural Micronutrients Market Size, Agricultural Micronutrients Market Growth, Agricultural Micronutrients Market Analysis, Agricultural Micronutrients Market Report, Agricultural Micronutrients Market Share, Agricultural Micronutrients Market Trends, Agricultural Micronutrients Market Forecast, Agricultural Micronutrients Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Agricultural Micronutrients Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Agricultural Micronutrients Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Agricultural Micronutrients Market by Form
3.3.1: Chelated
3.3.2: Non-chelated
3.4: Global Agricultural Micronutrients Market by Type
3.4.1: Zinc
3.4.2: Boron
3.4.3: Iron
3.4.4: Molybdenum
3.4.5: Manganese
3.4.6: Others
3.5: Global Agricultural Micronutrients Market by Application
3.5.1: Soil
3.5.2: Foliar
3.5.3: Fertigation
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Agricultural Micronutrients Market by Region
4.2: North American Agricultural Micronutrients
4.2.1: North American Agricultural Micronutrients Market by Type: Zinc, Boron, Iron, Molybdenum, Manganese,Others
4.2.2: North American Agricultural Micronutrients Market by Application: Soil, Foliar, and Fertigation
4.3: European Agricultural Micronutrients Market
4.3.1: European Agricultural Micronutrients Market by Type: Zinc, Boron, Iron, Molybdenum, Manganese, and Others
4.3.2: European Agricultural Micronutrients Market by Application: Soil, Foliar, and Fertigation
4.4: APAC Agricultural Micronutrients Market
4.4.1: APAC Agricultural Micronutrients Market by Type: Zinc, Boron, Iron, Molybdenum, Manganese, and Others
4.4.2: APAC Agricultural Micronutrients Market by Application: Soil, Foliar, and Fertigation
4.5: ROW Agricultural Micronutrients Market
4.5.1: ROW Agricultural Micronutrients Market by Type: Zinc, Boron, Iron, Molybdenum, Manganese, and Others
4.5.2: ROW Agricultural Micronutrients Market by Application: Soil, Foliar, and Fertigation
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Agricultural Micronutrients Market by Form
6.1.2: Growth Opportunities for the Global Agricultural Micronutrients Market by Type
6.1.3: Growth Opportunities for the Global Agricultural Micronutrients Market by Application
6.1.4: Growth Opportunities for the Global Agricultural Micronutrients Market by Region
6.2: Emerging Trends in the Global Agricultural Micronutrients Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Agricultural Micronutrients Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Agricultural Micronutrients Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Nutrien
7.2: Israel Chemicals
7.3: Coromandel International
7.4: Yara
7.5: Indian Farmers Fertiliser
7.6: Koch Agronomic
7.7: Marubeni
7.8: Nouryon Chemicals
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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