Global Agricultural Micronutrients Industry was valued at USD 5.85 Billion in the year 2017. Global Agricultural Micronutrients Industry is further estimated to grow at a CAGR of 8.10% from 2019 to reach USD 10.88 Billion by the year 2025. Asia Pacific region holds the highest Industry share in 2017 and is considered as the fastest growing Industry in the forecast period due to growing demand for Agricultural Micronutrients and strongly developing agriculture sector. At a country level, India holds the notable Industry share and is projected to grow strongly in the coming due to leading agriculture commodities producer and stands at the second position in terms of agriculture production.
Major market players in Agriculture Micronutrients Industry are The DOW Chemical Company, Agrium, Land O’lakes, The Mosaic Company, Yara International, FMC, Akzonobel N.V., BASF SE, Nufarm Ltd, Haifa Chemicals Ltd., Helena Chemical Company, Coromandel International, and overview of 10 companies is provided in the erport. Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years.
SWOT Analysis Agriculture Micronutrients Industry:
Growing need of high quality crops
Increasing focus on agricultural productivity
Low awareness about micronutrients products
High opportunities in the developing region
The segmentation are done on the basis of type, by forms, by crop type and by region. On the basis of types, the global Agricultural Micronutrients Industry is sub segmented as zinc, copper, iron, manganese, boron, molybdenum and others of which the zinc segment is expected to hold the highest Industry share during the forecast period and have high adoption rate mainly in developed countries.
Agricultural Micronutrients Industry Segmentation:
By Crop Type
• Cereals & Grains
• Fruits & Vegetables
• Oilseeds & Pulses
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Middle East & Africa