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Global Crop Micronutrients Market to reach USD 10.9 billion by 2028

Global Crop Micronutrients Market Size study, by Form (Chelated, and Non-Chelated), by Product Type (Boron, Copper, Iron, Manganese, Molybdenum, Zinc, Others), by Crop Type (Cereals & Grains, Fruits & Vegetables, Pulses & Oilseeds, and Others), by Application (Fertigation, Soil, Foliar, Seed Treatment, Others ) and Regional Forecasts 2022-2028

Product Code: OIRAL-85746597
Publish Date: 25-05-2022
Page: 200

Global Crop Micronutrients Market is valued at approximately USD 6.5 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7.6% over the forecast period 2022-2028. Crop micronutrients are necessary nutrients for plant development and other metabolic processes. They help to improve quality, colour, taste, fertiliser efficiency, water use, disease resistance, and other factors. They also aid in the development of large and strong roots, as well as the formation of full proteins and chemicals and improved plant immunity. The global crop micronutrients market is being driven by factors such as the effectiveness of micronutrients for crop production and productivity, growing awareness among growers about the benefits of micronutrients, and shrinking agricultural land. Furthermore, government and private-sector investments assist development and new product development, resulting in increased market growth. For example, to meet the increased demand, Aries has expanded its worldwide reach by leveraging manufacturing facilities in the United Arab Emirates, with two manufacturing units located in Sharjah (for Chelated Micronutrients) and Fujairah (for Sulphur Bentonite). As part of their growth plans, these companies are making a slew of investments, new launches, and R&D to improve their positions and give better products and services to their clients around the world, which is projected to move the market forward in the approaching years. The following are some examples: Tracegro OY announced the signing of a distribution agreement with AMD Agro in Brazil in August 2020. Similarly, in April 2019, BASF SE, one of the world’s major chemical manufacturers, announced the signing of a deal with Quadra Chemicals Ltd, based in Canada, as a new distributor for its micronutrient products in Canada. The agricultural micronutrient market is restrained by the mining of micronutrient reserves, the availability of low-cost alternatives and counterfeit products, and farmers’ lack of knowledge about micronutrient dosage and administration.

The key regions considered for the global Crop Micronutrients market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. In terms of both value and volume, Asia-Pacific is the largest market for crop micronutrients. The rising demand for high-quality food, as well as farmers’ increased understanding and acceptance of micronutrients, are some of the primary reasons driving the crop micronutrient market in Asia Pacific. Furthermore, the crop micronutrients market in this region is expected to be driven by rising farming practises and the demand for high-quality agricultural output. Whereas, since many industry players are involved in the production and development of micronutrient fertilisers in North America, the industry is fragmented. Various industry players are implementing new strategies such as product development, mergers and acquisitions, expanding their distribution networks, and utilising online platforms to boost sales, among others.

Major market players included in this report are:
Akzo Nobel N.V
Aries Agro Ltd.
Baicor, L.C.
BASF SE
Compass Minerals International, Inc
DowDuPont Inc.
The Mosaic Company
Nutrien Ltd.
Western Nutrients Corporation
Yara international ASA
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Form:
Chelated Micronutrients
Non-chelated Micronutrients

By Product Type:
Boron
Copper
Iron
Manganese
Molybdenum
Zinc
Others
By Crop Type:
Cereals & Grains
Fruits & Vegetables
Pulses and Oilseeds
Others
By Application:
Fertigation
Soil
Foliar
Seed Treatment
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Crop Micronutrients Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Crop Micronutrients Market, by Region, 2020-2028 (USD Billion)
1.2.2. Crop Micronutrients Market, by Form, 2020-2028 (USD Billion)
1.2.3. Crop Micronutrients Market, by Product Type, 2020-2028 (USD Billion)
1.2.4. Crop Micronutrients Market, by Crop Type, 2020-2028 (USD Billion)
1.2.5. Crop Micronutrients Market, by Application, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Crop Micronutrients Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Crop Micronutrients Market Dynamics
3.1. Crop Micronutrients Market Impact Analysis (2020-2028)
3.1.1. Market Drivers
3.1.1.1. Increasing deficiency of micronutrients in the soil
3.1.1.2. Depleting oil reserves increasing the demand for biofuels
3.1.2. Market Challenges
3.1.2.1. Lack of awareness regarding dosage and proper application of micronutrients among farmers
3.1.3. Market Opportunities
3.1.3.1. Increase in new methods of farming
Chapter 4. Global Crop Micronutrients Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Crop Micronutrients Market, by Form
6.1. Market Snapshot
6.2. Global Crop Micronutrients Market by Form, Performance – Potential Analysis
6.3. Global Crop Micronutrients Market Estimates & Forecasts by Form, 2018-2028 (USD Billion)
6.4. Crop Micronutrients Market, Sub Segment Analysis
6.4.1. Chelated Micronutrients
6.4.2. Non-chelated Micronutrients
Chapter 7. Global Crop Micronutrients Market, by Product Type
7.1. Market Snapshot
7.2. Global Crop Micronutrients Market by Product Type, Performance – Potential Analysis
7.3. Global Crop Micronutrients Market Estimates & Forecasts by Product Type, 2018-2028 (USD Billion)
7.4. Crop Micronutrients Market, Sub Segment Analysis
7.4.1. Boron
7.4.2. Copper
7.4.3. Iron
7.4.4. Manganese
7.4.5. Molybdenum
7.4.6. Zinc
7.4.7. Others
Chapter 8. Global Crop Micronutrients Market, by Crop Type
8.1. Market Snapshot
8.2. Global Crop Micronutrients Market by Crop Type, Performance – Potential Analysis
8.3. Global Crop Micronutrients Market Estimates & Forecasts by Crop Type, 2018-2028 (USD Billion)
8.4. Crop Micronutrients Market, Sub Segment Analysis
8.4.1. Cereals & Grains
8.4.2. Fruits & Vegetables
8.4.3. Pulses and Oilseeds
8.4.4. Others
Chapter 9. Global Crop Micronutrients Market, by Application
9.1. Market Snapshot
9.2. Global Crop Micronutrients Market by Application, Performance – Potential Analysis
9.3. Global Crop Micronutrients Market Estimates & Forecasts by Application, 2018-2028 (USD Billion)
9.4. Crop Micronutrients Market, Sub Segment Analysis
9.4.1. Fertigation
9.4.2. Soil
9.4.3. Foliar
9.4.4. Seed Treatment
9.4.5. Others
Chapter 10. Global Crop Micronutrients Market, Regional Analysis
10.1. Crop Micronutrients Market, Regional Market Snapshot
10.2. North America Crop Micronutrients Market
10.2.1. U.S. Crop Micronutrients Market
10.2.1.1. Form breakdown estimates & forecasts, 2018-2028
10.2.1.2. Product Type breakdown estimates & forecasts, 2018-2028
10.2.1.3. Crop Type breakdown estimates & forecasts, 2018-2028
10.2.1.4. Application breakdown estimates & forecasts, 2018-2028
10.2.2. Canada Crop Micronutrients Market
10.3. Europe Crop Micronutrients Market Snapshot
10.3.1. U.K. Crop Micronutrients Market
10.3.2. Germany Crop Micronutrients Market
10.3.3. France Crop Micronutrients Market
10.3.4. Spain Crop Micronutrients Market
10.3.5. Italy Crop Micronutrients Market
10.3.6. Rest of Europe Crop Micronutrients Market
10.4. Asia-Pacific Crop Micronutrients Market Snapshot
10.4.1. China Crop Micronutrients Market
10.4.2. India Crop Micronutrients Market
10.4.3. Japan Crop Micronutrients Market
10.4.4. Australia Crop Micronutrients Market
10.4.5. South Korea Crop Micronutrients Market
10.4.6. Rest of Asia Pacific Crop Micronutrients Market
10.5. Latin America Crop Micronutrients Market Snapshot
10.5.1. Brazil Crop Micronutrients Market
10.5.2. Mexico Crop Micronutrients Market
10.6. Rest of The World Crop Micronutrients Market

Chapter 11. Competitive Intelligence
11.1. Top Market Strategies
11.2. Company Profiles
11.2.1. Akzo Nobel N.V
11.2.1.1. Key Information
11.2.1.2. Overview
11.2.1.3. Financial (Subject to Data Availability)
11.2.1.4. Product Type Summary
11.2.1.5. Recent Developments
11.2.2. Aries Agro Ltd.
11.2.3. Baicor, L.C.
11.2.4. BASF SE
11.2.5. Compass Minerals International, Inc
11.2.6. DowDuPont Inc.
11.2.7. The Mosaic Company
11.2.8. Nutrien Ltd.
11.2.9. Western Nutrients Corporation
11.2.10. Yara international ASA
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

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