Agricultural Micronutrient Market Insights, Trends, and Huge Business Opportunities (2023-2030)

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The Global Agricultural Micronutrient Market size is expected to grow from USD 7.73 billion in 2023 to USD 13.68 billion by 2030, at a CAGR of 7.4% during the forecast period (2023–2030).

Agricultural micronutrients are minerals, which are essential for plant growth. It includes elements, such as Zinc (Zn), Boron (B), Iron (Fe), Copper (Cu), Manganese (Mn), and Molybdenum (Mo). It is used by plants in small quantities so it’s called micronutrients. They play an important role in improving the yield and quality of agricultural products. These micronutrients are majorly used with soil, in foliar sprays, and in Fertigation systems. They also help in the biological processes of plants. And assist the plant in cell growth. Micronutrients are applied to the plant with conventional application equipment, by mixing micronutrients with liquid and dry fertilizer in inappropriate amounts. It will reduce the cost and allow the equal, uniform distribution of micronutrients. Agricultural micronutrients help to achieve balanced nutrition in crops of pulses, spices, oilseeds, and cereals.

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Top Market Players Covered in the Agricultural Micronutrient Market:

BASF SE(Germany), AkzoNobel (Netherlands), Nutrien Ltd. (Canada), Yara International ASA (Norway), The Mosaic Company (US), Compass minerals international (US), Valagro (Italy), Coromandel International Limited (India), Haifa Group (Israel), Helena Agri-Enterprises LLC (U.S.), Valagro S.p.A (Italy).

The report Agricultural Micronutrient Market provides an in-depth analysis of the Agricultural Micronutrient Market including a detailed description of market growth and size, value, and the key opportunities in the market, as well as an outline of the factors that are and will be driving the industry's growth, taking previous growth patterns into account. The global Agricultural Micronutrient Market provides an in-depth analysis of the market state of Agricultural Micronutrient Market manufacturers, including the latest facts and data, SWOT analysis, and expert views from around the world. The cost structure, market size, Agricultural Micronutrient Market Sales, Gross Margin and Market Share, Price, Revenue, Size, Forecast, and Growth Rate are all calculated in the report. The income earned from the sale of This Study and technologies by various application industries is considered in the report.

Segmentation Analysis of Agricultural Micronutrient Market:

The segmentation of the Liquid-Cooled Charging Station For the Electric Vehicle Market can be done along the following lines:

By Type          

·         Zinc

·         Boron

·         Iron

·         Others

By  Form        

·         Chelated

·         Non-chelated

By Application          

·         Soil

·         Foliar

·         Fertigation

 Market share data Market Segment by Regions and Countries Level Analysis:

§  North America (U.S., Canada, Mexico)

§  Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

§  Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

§  Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)

§  Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)

§  South America (Brazil, Argentina, Rest of SA)

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Key Industry Developments in Agricultural Micronutrients Market

·         In September 2021, In India Coromandel International Limited launched a new product namely GroShakti Plus a fertilizer, which is a superior and complex fertilizer with new technology. Coromandel is continuously serving the farmers in all aspects to enhance productivity of crops and increase the yield of the crop, by creating Specialty nutrients, Bulk fertilizers, and nutrient-based pure Organic fertilizers that improve the quality of the soil.

·         In March 2021, for the development and distribution of nutrient-efficiency products, The Mosaic Company made a partnership with Sound Agriculture. The product is inspired by biochemistry that activates the soil microbiome to give open space to the plant for the absorption of fertilizers. Sound Agriculture has invented a technology that activates the soil microbiome to give access to important nutrients in plants and which allows farmers to get more benefits of fertilizer.

·         In 2020 July, Haifa Group invested in AgrlOT they signed an agreement with AgrIOT. They are investing around USD 2 million and getting 30% rights of the company for distribution. AgrIOT technology works on reducing costs required for farmers, frequent monitoring of development, making the identification process effective.

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The key questions answered in this report:

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