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Agricultural Micronutrients Market by Type, Mode of Application, Form, Crop Type And Region - Global Forecast to 2022

Agricultural Micronutrients Market: Global Forecast until 2022

  • September 2017
  • 183 pages
  • ID: 5129362
In this report:
The molybdenum segment of the global agricultural micronutrients market registered a consumption of ##.## KT in 2016 and is projected to reach ##.## KT by 2022, at a CAGR of ##.##%.
According to Hart Energy, the global demand for gasoline is projected to reach around ## billion barrels per day by 2020 from around ##.## billion barrels in 2015.

Summary

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"Agricultural micronutrients Market forecasted to grow at a compound annual growth rate (CAGR) of ~8.6 percent."

The agricultural micronutrients market has grown quickly in the last few years and is forecasted to reach ~$5.8B by 2017. It is projected to extend ~$8.8B by 2022 at a Compound annual growth rate of ~8.6 percent from 2017, in terms of value concern.

The agricultural micronutrients market is influenced by increased awareness among growers about the benefits of micronutrients, shrinkage of agricultural land, and effectiveness of micronutrients for crop yield and productivity. The lack of awareness among farmers and critical application doses of micronutrients are the restraining factors for the agricultural micronutrients market.

"The zinc segment to lead the agricultural micronutrients market through 2022."

In 2016, the zinc segment recorded for the biggest share of the agricultural micronutrients market in terms of value significance. Zinc plays an important role in the increase of plants as it regulates auxin, a vital increase hormone in pollen formation. It also acts as an enzyme activator in protein synthesis and is involved in the regulation and consumption of sugars which enhance the overall zinc consumption in agricultural micronutrients.

"North America continent is forecasted to be the second-largest area in the agricultural micronutrients market in 2017."

The North American area is expected to account for the second-largest market share in 2017, in terms of value importance. The industry demand for micronutrients is anticipated to growth in the outlook with the shrinking arable land in North America (NA).

North America continent is a main market for agricultural micronutrient manufacturers. The use of micronutrients depends on a number of Elements such as soil type, crop system, local environmental conditions, and economic factors. The main firms operating in North America (NA) contain Helena Chemical Company, The Mosaic Company, Agrium, and The Andersons, Incorporated.

Break-up of Primaries:

• By Company category: Tier 1 - 28.0 percent, Tier 2 - 39.0 percent, and Tier 3 - 33.0 percent

• By Description: C - level - 34.0 percent, D - Level -19.0 percent, and Others* - 47.0 percent

• By Area: North America continent - 25.0 percent, EU - 21.0 percent, Asia-Pac - 32.0 percent, South America area - 13.0 percent, and RoW** - 9%.

*Others contain sales managers, marketing managers, and product managers.

**RoW includes African continent and the Middle East (ME).

The key players in the agricultural micronutrients market are BASF, Dow Chemical, AkzoNobel, Agrium, Yara International, The Mosaic Company, Land O'Lakes, Helena Chemical Company, and Nufarm.

Segment Research

The agricultural micronutrients market is divided on the basis of type, crop type, mode of application, form, and top regions. On the basis of class, the sector is divided into zinc, copper, boron, manganese, molybdenum, and others (nickel and chloride). The crop type segment comprises cereals, oilseeds & pulses, fruits & vegetables, and others (floriculture crops, permanent crops, pastures, grasslands, and other cultivations).

The form segment is further divided into chelated and non-chelated. The mode of application segment is detached into soil, foliar, fertigation, and others (seed treatment and hydroponics). On the basis of area, the sector is divided into North America, Europe (EU), Asia Pacific (APAC), South America region, and the Rest of the globe. The market research also comprises a detailed competitive analysis of the top players in the sector together with their company descriptions, competitive leadership mapping, recent evolutions, and key industries strategies.

Main highlights

• To get a comprehensive overview of the agricultural micronutrients market with specific reference to agricultural sectors

• To benefit a wide range of information about the top actors in this market, their products review, and top strategies approved by them

• To benefit insights of the main regions/territories in which the agricultural micronutrients sector is prospering

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