Crop Micronutrients Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Crop Micronutrients Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : November, 2020 | Food and Beverages | PPT format

Report Digest


Global Crop Micronutrients Market: Snapshot 

Various micronutrients such as boron, copper, iron, manganese, molybdenum, and zinc are essential for the growth of all crop plants. Though most are usually required in traces, their deficiency may hamper grain production. Some soils such as acidic soils meet most of the needs of crop micronutrients while the soils with high pH may typically lack essential set of micronutrients. The availability of crop micronutrients may be lacking for several factors. Usually, growing number of harvests to meet the rising worldwide food demand over the past decades has led to the depletion of micronutrients naturally present in the soil. Some types of soil are more vulnerable to this than the others. A case in point is peat soils characterized by high organic matter. Several other factors have been responsible for crop micronutrient deficiencies, thus underpinning the rising demands in the crop micronutrients market. A few are emphasized below. 

  • Adoption of intensive cropping systems over the past few years has accentuated the incidence of micronutrient deficiencies. In recent years, leaching and liming of acid soils has also bolstered the need for crop micronutrients. 
  • Worldwide, farmers and growers are adopting high-purity chemical fertilizers and preferring them over manure. Growing popularity of modern crop cultivars has also worsened the natural availability of crop micronutrients. 
  • Various methods have emerged in recent years that help farmers determine the extent of micronutrients deficiency in soils. They take numerous factors into account such as redox potential, biological activity, and clay contents to determine the availability of crop micronutrients. 
  • On the other hand, better understanding of plant growth factors of the micronutrient needs of the crops has boosted the crop micronutrients market. Extensive research on micronutrient availability bodes well for future prospects for the crop micronutrients market.

Global Crop Micronutrients Market: Overview

An upcoming report on global crop micronutrients market by TMR Research could be a valuable source of information for major stakeholders in the market. The report would offer a brilliant study of the market with its focus on market dynamics, segmentation, and geographical outreach. It could prove to be a useful guideline for players wanting to cement their position in the global crop micronutrients market.

Micronutrients are essential elements for plant growth and play a major role in other metabolic activities in plants. Micronutrients such as iron, zinc, boron, and copper help in balancing crop nutrition. They are advantageous in the areas such as improving color, quality, taste, water use, efficiency of fertilizers, and disease resistance. Along with these, micronutrients also help in promoting better plant immunity, developing large and strong roots, and building complete proteins and compounds. Inadequate supplement of micronutrients in plants result in slow growth, abnormality, and reduced yield.

Global Crop Micronutrients Market: Trends and Opportunities

Growing demand for effective fertilizers to improve poor soil quality, increasing consumption of food, and rising population is believed to be driving the global crop micronutrients market.

Micronutrients are advantageous in upping production of food. And, with the burgeoning world population, sales in the global crop micronutrients market is set to rise in the near term. Farmers are seen incorporating essential ingredients with micronutrients in the form of fertilizers which offers increased yield. The lack of micronutrients can cause various diseases in plants such as yellowing of leaves, chlorosis, gummosis and others.

Growing demand for maintain the quality and quantity of the plants, increasing usage of micronutrients in various crops such as fruits and vegetables, oilseeds, pulses, and cereals and grains, and rising demand for biofuels over conventional fuels are projected to propel the expansion in the global crop micronutrients market. However, lack of awareness among farmers about proper dosage and applications of micronutrients may hinder the growth in the global crop micronutrients market. However, such deterrents may not impact the robust growth momentum of the global crop micronutrients market in the near term.

Global Crop Micronutrients Market: Market Potential

The adoption of new methods by farmers for improving productivity is believed to be fuelling the global crop micronutrients market. Chemical fertilizers that consist of micronutrient provides protection to the crops from UV radiation as well as insects. Crop micronutrients are available in the form of chelated and non-chelated micronutrients. Zinc is extensively used as a micronutrient in the soil for better growth and productivity of agricultural crops. Thus, farmers are choosing zinc more often for preparing standard fertilizers. Huge applications of micronutrients in fertigation, foliar, ad seed treatment are expected to give a thrust in the global crop micronutrients market.

Global Crop Micronutrients Market: Regional Outlook

Region wise, Asia Pacific is expected to lead the global crop micronutrients market. This is because of the growing demand for high-quality food, rising population, and increasing acceptance of micronutrients by farmers. Other prominent regions in the global crop micronutrients market are North America, Europe, and LAMEA. Increasing agricultural practice is the only major factor fueling the growth in the global crop micronutrients market in these regions.

Global Crop Micronutrients Market: Competitive Dynamics

Some of the prominent players operating in the global crop micronutrients market are Aries Agro, Compass Minerals International, DowDuPont, and Western Nutrients Corporation. The upcoming TMR Report would provide crucial information on their product offerings, market standing, and strategies for progress.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?