Global Micronutrients Market Report By Product (Boron, Copper, Iron, Manganese, Molybdenum, Zinc, And Others), Application (Fertigation, Foliar, Soil, Seed Treatment, And Others), Crop (Cereals, Pulses And Oilseeds, Fruits And Vegetables, And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2021-2028

Name: Global Micronutrients Market Report
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ID:VMR11210248

April 2021

Report Formats: Electronic (PDF), MS EXCEL

The growing popularity of micronutrients for increasing crop yield and productivity is driving the market growth. Rising demand of micronutrients for soil enrichment, seed treatment, soil fertilization, foiler, and aquaponics application is also fueling the market growth. Lack of arable land is raising demand for high crop yield in limited farmland. This, in turn, has increased demand for micronutrients. Growing adoption of micronutrients for high-quality agricultural outcome is pushing the market growth uphill.

The latest report by Value Market Research expects the Global Micronutrients Market to reach USD 11.1 billion by 2025. It was valued USD 6.48 billion in 2018. The report foresees an 8% CAGR from 2019 to 2025.

ZINC EMERGED AS THE LEADING PRODUCT SEGMENT
In 2018, zinc dominated the product segment. Zinc accounted for maximum market share as it promotes the growth of a variety of crops such as rice, maize, bean, potato, etc. Also, increasing use in photosynthesis, sugar formation, phytohormone synthesis, protein synthesis and other crucial pathways are again increasing demand for zinc.

SOIL DOMINATED THE APPLICATION SEGMENT
By application, soil has emerged as a leading segment in 2018. Decreasing arability of soil is majorly driving demand for micronutrients for enrichment of soil. Presence of micronutrient enhances soil properties such as organic matter content, clay content and pH balance leading to increases in crop yield is again fueling the segment growth.

ON THE BASIS OF CROP, CEREALS LED THE SEGMENT
In 2018, cereals dominated the segment and has accounted for maximum market share. Rising consumption of cereals such as maize, wheat, oats, etc. is driving the segment growth. Growing demand for cereal bars, biscuits and snacks are contributing the segment growth.

ASIA PACIFIC DOMINATED THE REGIONAL MARKET
In 2018, Asia Pacific emerged as the leading regional market owing to the booming agricultural sector in countries such as India and China. The growing focus on better quality and high yield of the crop to fulfill the regional demand is again contributing the market growth.

MAJOR PLAYERS OF THE MARKET
BASF SE, Coromandel International Ltd., K+S AG, Sociedad Quimica y Minera SA, The Mosaic Company, and Yara International ASA are the key players of the micronutrient market.

As per this study the Global Micronutrients Market was valued USD XX BN (by revenue) in 2021 and is anticipated to reach USD XX BN by 2028 with a CAGR of X%.

Micronutrients are the most essential elements for healthy plant growth. Some of the major micronutrients required by crops and plants are boron, iron, copper, manganese, molybdenum, zinc and chlorine along with some vitamins which are required in small quantities in phytochemicals and organisms. Basically, they are naturally found in plants & few animal-based foods and can also be synthesized artificially.

Market Dynamics

The growing need for improving quality and uniformity in crop yield across the agricultural industry along with dearth arable land is likely to drive the growth of the micronutrients market over the forecast period. Expanding hydroponic industry along with the improvement in faring practicing is again expected to fuel the market growth. On the other hand, a lack of awareness regarding the benefits of micronutrients among farmer is likely to hinder the market growth.

This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of micronutrients.

Market Segmentation

The broad micronutrients market has been sub-grouped into product, application and crop. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.

By Product

By Application

Fertigation
Foliar
Soil
Seed treatment
Others

By Crop

Cereals
Pulses and oilseeds
Fruits and Vegetables
Others

Regional Analysis

Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for micronutrients in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.

Global Micronutrients Market Share by Region (Representative Graph)

The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the micronutrients market include BASF SE, Coromandel International Ltd., K+S AG, Sociedad Quimica y Minera SA, The Mosaic Company, and Yara International ASA. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.

In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.

1 . PREFACE
       1.1. Report Description
           1.1.1. Objective
           1.1.2. Target Audience
           1.1.3. Unique Selling Proposition (USP) & offerings
       1.2. Research Scope
       1.3. Research Methodology
           1.3.1. Market Research Process
           1.3.2. Market Research Methodology

2 . EXECUTIVE SUMMARY
       2.1. Highlights of Micronutrients Market
       2.2. Global Micronutrients Market Snapshot

3 . MICRONUTRIENTS – INDUSTRY ANALYSIS
       3.1. Introduction
       3.2. Market Drivers of Micronutrients Market
       3.3. Market Restraints of Micronutrients Market
       3.4. Opportunities of Micronutrients Market
       3.5. Trends of Micronutrients Market
       3.6. Porter’s Five Force Analysis of Micronutrients Market
       3.7. Micronutrients Market Attractiveness Analysis
           3.7.1 Market Attractive Analysis by Product
           3.7.2 Market Attractive Analysis by Application
           3.7.3 Market Attractive Analysis by Crop
           3.7.4 Market Attractive Analysis by Region

4 . VALUE CHAIN ANALYSIS
       4.1. Micronutrients Value Chain Analysis
       4.2. Micronutrients Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Micronutrients Raw Material Manufactures List
           4.2.3. Price Trend of Micronutrients Key Raw Materials
       4.3. List of Potential Buyers
       4.4. Marketing Channel
           4.4.1. Direct Marketing
           4.4.2. Indirect Marketing
           4.4.3. Marketing Channel Development Trend

5 . GLOBAL MICRONUTRIENTS MARKET ANALYSIS BY PRODUCT
       5.1 Overview by Product
       5.2 Global Micronutrients Market Analysis by Product
       5.3 Market Analysis of Boron by Regions
       5.4 Market Analysis of Copper by Regions
       5.5 Market Analysis of Iron by Regions
       5.6 Market Analysis of Manganese by Regions
       5.7 Market Analysis of Molybdenum by Regions
       5.8 Market Analysis of Zinc by Regions
       5.9 Market Analysis of Others by Regions

6 . GLOBAL MICRONUTRIENTS MARKET ANALYSIS BY APPLICATION
       6.1 Overview by Application
       6.2 Global Micronutrients Market Analysis by Application
       6.3 Market Analysis of Fertigation by Regions
       6.4 Market Analysis of Foliar by Regions
       6.5 Market Analysis of Soil by Regions
       6.6 Market Analysis of Seed treatment by Regions
       6.7 Market Analysis of Others by Regions

7 . GLOBAL MICRONUTRIENTS MARKET ANALYSIS BY CROP
       7.1 Overview by Crop
       7.2 Global Micronutrients Market Analysis by Crop
       7.3 Market Analysis of Cereals by Regions
       7.4 Market Analysis of Pulses and oilseeds by Regions
       7.5 Market Analysis of Fruits and Vegetables by Regions
       7.6 Market Analysis of Others by Regions

8 . GLOBAL MICRONUTRIENTS MARKET ANALYSIS BY GEOGRAPHY
       8.1. Regional Outlook
       8.2. Introduction
       8.3. North America
           8.3.1. Overview
           8.3.2. North America Micronutrients Market Estimate by Country
           8.3.3. United State
           8.3.4. Rest of North America
       8.4. Europe
           8.4.1. Overview
           8.4.2. Europe Micronutrients Market Estimate by Market Segment
           8.4.3. Europe Micronutrients Market Estimate by Country
           8.4.4. United Kingdom
           8.4.5. France
           8.4.6. Germany
           8.4.7 Rest of Europe
       8.5. Asia Pacific
           8.5.1. Overview
           8.5.2. Asia Pacific Micronutrients Market Estimate by Market Segment
           8.5.3. Asia Pacific Micronutrients Market Estimate by Country
           8.5.4. China
           8.5.5. Japan
           8.5.6. India
           8.5.7. Rest of Asia Pacific
       8.6. Latin America
           8.6.1. Overview
           8.6.2. Latin America Micronutrients Market Estimate by Market Segment
           8.6.3. Latin America Micronutrients Market Estimate by Country
           8.6.4. Brazil
           8.6.5. Rest of Latin America
       8.7. Middle East & Africa
           8.7.1. Overview
           8.7.2. Middle East & Africa Micronutrients Market Estimate by Market Segment
           8.7.3. Middle East & Africa Micronutrients Market Estimate by Country
           8.7.4. Middle East
           8.7.5. Africa

9 . COMPETITIVE LANDSCAPE OF THE MICRONUTRIENTS COMPANIES
       9.1. Micronutrients Market Competition
       9.2. Partnership/Collaboration/Agreement
       9.3. Merger And Acquisitions
       9.4. New Product Launch
       9.5. Other Developments

10 . COMPANY PROFILES OF MICRONUTRIENTS INDUSTRY
       10.1. Company Share Analysis
      10.2. Market Concentration Rate
       10.3. BASF SE
           10.3.1. Company Overview
           10.3.2. Financials
           10.3.3. Products
           10.3.4. Recent Developments
       10.4. Coromandel International Ltd.
           10.4.1. Company Overview
           10.4.2. Financials
           10.4.3. Products
           10.4.4. Recent Developments
       10.5. K+S AG
           10.5.1. Company Overview
           10.5.2. Financials
           10.5.3. Products
           10.5.4. Recent Developments
       10.6. Sociedad Quimica y Minera SA
           10.6.1. Company Overview
           10.6.2. Financials
           10.6.3. Products
           10.6.4. Recent Developments
       10.7. The Mosaic Company
          10.7.1. Company Overview
           10.7.2. Financials
           10.7.3. Products
           10.7.4. Recent Developments
       10.8. Yara International ASA
           10.8.1. Company Overview
           10.8.2. Financials
           10.8.3. Products
           10.8.4. Recent Developments

11. IMPACT ANALYSIS OF COVID-19 OUTBREAK
11.1. Impact Analysis of Covid-19 Outbreak on the Market
11.1.1. Direct Impact on Production
11.1.2. Supply Chain and Market Disruption
11.1.3. Financial Impact on Firms and Financial Markets
11.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
11.3. Pre V/S Post COVID-19 Market
11.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic on the Market Size in 2020, by Scenario
11.5. COVID-19: Micro and Macro Factor Analysis on the Market

*Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies

LIST OF TABLES

LIST OF FIGURES

Research Scope of Micronutrients Report
Market Research Process
Market Research Methodology
Global Micronutrients Market Size, by Region (USD MN)
Porters Five Forces Analysis
Market Attractiveness Analysis by Product
Market Attractiveness Analysis by Application
Market Attractiveness Analysis by Crop
Market Attractiveness Analysis by Region
Value Chain Analysis
Global Micronutrients Market Analysis by Product (USD MN)
Global Micronutrients Market Analysis in Boron by Geography (USD MN)
Global Micronutrients Market Analysis in Copper by Geography (USD MN)
Global Micronutrients Market Analysis in Iron by Geography (USD MN)
Global Micronutrients Market Analysis in Manganese by Geography (USD MN)
Global Micronutrients Market Analysis in Molybdenum by Geography (USD MN)
Global Micronutrients Market Analysis in Zinc by Geography (USD MN)
Global Micronutrients Market Analysis in Others by Geography (USD MN)
Global Micronutrients Market Analysis by Application (USD MN)
Global Micronutrients Market Analysis in Fertigation by Geography (USD MN)
Global Micronutrients Market Analysis in Foliar by Geography (USD MN)
Global Micronutrients Market Analysis in Soil by Geography (USD MN)
Global Micronutrients Market Analysis in Seed treatment by Geography (USD MN)
Global Micronutrients Market Analysis in Others by Geography (USD MN)
Global Micronutrients Market Analysis by Crop (USD MN)
Global Micronutrients Market Analysis in Cereals by Geography (USD MN)
Global Micronutrients Market Analysis in Pulses and oilseeds by Geography (USD MN)
Global Micronutrients Market Analysis in Fruits and Vegetables by Geography (USD MN)
Global Micronutrients Market Analysis in Others by Geography (USD MN)
Latin America Micronutrients Market by Revenue
Middle East & Africa Micronutrients Market by Revenue
Recent Development in Micronutrients Industry
Company Market Share Analysis

* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

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Objectives of Study

Define and measure the global market
Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
Analyze and identify major market trends along with the factors driving or inhibiting the market growth
Study the company profiles of the major market players with their market share
Analyze competitive developments

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