The iron micronutrient fertilizer comprises at least 0.1 wt. % iron. It may optionally contain other micronutrients, such as selenium and molybdenum. It may also contain other primary and secondary micronutrients. It is preferably ground to an average particle size less than 150 mesh. It may also contain other components, such as manganese and boron. The iron and manganese nutrient segments are used in a variety of soils. The iron nutrient segment is used in soils with a high pH. The pH of the soil is a major factor in the availability of micronutrients.
Market Dynamics:
With the growing number of farmers and increasing awareness about micronutrient deficiencies, the demand for micronutrients is expected to rise. Moreover, the industry players are investing a lot in R&D and developing new product portfolios. In addition, the increasing awareness about the use of liquid micronutrient fertilizers is again expected to stimulate market growth over the forecast period.
On the other hand, lack of adoption of micronutrients across developing countries is projected to hamper market growth.
Key features of the study:
- This report provides in-depth analysis of the global micronutrient fertilizers market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global micronutrient fertilizers market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Yara International ASA, BASF SE, The Mosaic Company, FMC Corporation, Nouryon Cooperatief UA, Nutrien Limited, Haifa Group, Valagro SpA (Syngenta Group), Coromandel International Limited, Sapec Agro SA, Auriga Group, ATP Nutrition Ltd, Wilbur-Ellis Company LLC, BMS Micro-Nutrients NV, and UPL Limited (Arysta Lifescience Corporation)
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global micronutrient fertilizers market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global micronutrient fertilizers market
Detailed Segmentation:
- Global Micronutrients Fertilizers Market, By Nutrient
- Zinc
- Manganese
- Copper
- Boron
- Molybdenum
- Iron
- Other Nutrients
- Global Micronutrients Fertilizers Market, By Form
- Global Micronutrients Fertilizers Market, By Crop Type
- Grains and Cereals
- Pulses and Oilseeds
- Commercial Crops
- Fruits and Vegetables
- Other Crop Types
- Global Micronutrients Fertilizers Market, By Application
- Soil
- Foliar
- Fertigation
- Other Applications
- Global Micronutrients Fertilizers Market, By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Africa
- Company Profiles
- Yara International ASA
- BASF SE
- The Mosaic Company
- FMC Corporation
- Nouryon Cooperatief UA
- Nutrien Limited
- Haifa Group
- Valagro SpA (Syngenta Group)
- Coromandel International Limited
- Sapec Agro SA
- Auriga Group
- ATP Nutrition Ltd
- Wilbur-Ellis Company LLC
- BMS Micro-Nutrients NV
- UPL Limited (Arysta Lifescience Corporation)