Agricultural Micronutrient Market Is Estimated To Be USD 11.87 Billion By 2028 With A CAGR Of 7.4%

Global Agricultural Micronutrient Market was valued at USD 7.20 Billion in 2021 and is expected to reach USD 11.87 Billion by the year 2028, at a CAGR of 7.4% .

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.

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The Major Players In The Agricultural Micronutrient Market Include:

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)
Sigma AgriScience LLC (U.S.)
Aries Agro Limited (India)
Nufarm Limited (Australia)
AgroLiquid (U.S.)
Indian Farmer Fertilizer cooperative limited (India)
SAPEC SA (Belgium) and Other Major Players.

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Market has segmented the global Agricultural Micronutrient market on the basis of type, application, and region:

The Agricultural Micronutrient market is segmented by type and application. Growth between segments over the period 2022-2028 provides accurate calculations and forecasts of revenue by type and application in terms of volume and value. This analysis can help you expand your business by targeting eligible niches.

By Type:

Zinc
Boron
Iron
Others

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By Application:

Soil
Foliar
Fertigation

By Regional Outlook

North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
Middle East Africa (GCC Countries, South Africa, Rest of MEA)
South America (Brazil, Argentina, Rest of South America)

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Covid-19 Impact and Recovery Analysis on Industry:

The global Agricultural Micronutrients Market is in trouble because of COVID-19. The entire situation is challenging and the market has to face a very tough time. COVID impacted every business, field, and market. In this pandemic supply chain, sales, manpower, and unemployment all this factor are affecting the growth of the market. With the lockdowns, there is distortion in logistics and reduced production, and it made huge economic impacts on the market and on the world which is suffering from COVID-19. China is the world's largest producer and consumer of agriculture micronutrients. China is also suffering from COVID which affects all the global market of agricultural micronutrient market

Report Covered The Major Key Points:

Explore key findings of the overall market

Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)

Market forecasts for a minimum of 7years, along with 5 years of historical data for all segments, sub-segments, and regions

Market Segmentation caters to a thorough assessment of key segments with their market estimations

Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share

Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.

Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.

Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

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