Crop Micronutrients Market size worth US$9.621 billion by 2027
Knowledge Sourcing Intelligence announces the publication of a new analysis report on the market of “Crop Micronutrients Market- which is forecasted from 2020 to 2027”.
The prime factor driving the growth of the crop micronutrients market is rising soil deficiency combined with increased awareness among farmers or crop growers about the delivery of essential nutrients to crops.
As per the report, the market about crop micronutrients market is expected to grow at a steady pace.
Micronutrients are essential nutrients that are required for plant growth as well as metabolic activities. Micronutrients aid in the enhancement of plant or crop flavor, quality, and color. These also improve fertilizer efficiency and aid in water conservation. A growing awareness of food security is also driving demand and is expected to propel the crop micronutrient market forward throughout the forecast period.
Based on type, the crop micronutrients market offers Boron, Copper, Zinc, Iron, and Other. The zinc segment is expected to grow significantly in the projected period. Due to its ability to regulate auxin, which is an essential growth hormone in the formation of pollen. Zinc also acts as an enzyme activator during protein synthesis.
Based on crop type, the crop micronutrients market provides Cereals and Grains, Fruits and Vegetables, Oilseeds and Pulses, and Others. The fruit and vegetable segment is expected to grow rapidly. Fruits and vegetables are in high demand due to their nutritional value. Furthermore, the growing production of vegetables as a result of global demand is driving the demand for micronutrients for their growth. Hence, maintaining the nutrient quality and productivity of vegetables and fruits is critical.
Based on form, the crop micronutrient market is segmented into Chelated and Non-Chelated. Chelated micronutrients are expected to have a significant market share due to their wide range of applications, notably in agriculture, and their higher stability than non-chelated compounds.
Based on geography segmentation, the crop micronutrient market is segmented into North America, Europe, South America, the Middle East and Africa, and Asia Pacific regions. Geographically, the Asia Pacific region is likely to account for a sizable market share due to the presence of major producing countries such as India and China, among others,
As a part of the report, the major players operating in the crop micronutrients market, that have been covered are key players of Crop Micronutrients Market include BASF SE, Yara International, Nutrien Ltd, The Mosaic Company, Aries Agro Limited, Baicor, LLC, Helena Agri-Enterprises, LLC, Haifa Group, Nouryon, Valagro S.p.A, Western Nutrients Corporation, ATP Nutrition Ltd., BMS Micro-Nutrients NV.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/crop-micronutrients-market
This analytics report segments the Crop Micronutrients Market on the following basis
- By Type
- By Crop Type
- Cereals and Grain
- Fruits and Vegetables
- Oilseeds and Pulses
- By Form
- By Geography
- North America
- South America
- United Kingdom
- The Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America
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