According to this report analysis, agriculture micronutrients are gaining popularity globally for obtaining better yield output. Increasing need for effective fertilizers due to poor soil quality and high demand for quality and uniform yield in view of the increasing population across the globe are factors anticipated to drive the growth of the agriculture micronutrients market over the forecast period. Demand for agriculture micronutrients across the globe is growing steadily and can be attributed to the various benefits associated with them.The major benefits that they offer include the fact that they help to improve a quality of soil used for agriculture and to increase the production of bio-fuel crops. Growing contribution of agriculture in GDP is further fueling the growth of the agriculture micronutrients market currently.
One of the major restraints for a growth of the agriculture micronutrients market is the lack of awareness among farmers in developing countries regarding appropriate dosage and proper application of micronutrients, thereby limiting its demand. This factor is anticipated to restrain the growth of the agriculture micronutrients market over the forecast period.
In terms of volume, the Asia Pacific agriculture micronutrients market dominated the overall market in 2015, and it is expected to continue to dominate the market over the forecast period between 2016 and 2024 as well, as compared to other regions. In terms of value, the Asia Pacific agriculture micronutrients market is anticipated to expand at a CAGR of 9.0% during 2016 to 2024.
The price of agriculture micronutrients is forecast on the basis of the historic price trend and several other factors, including production, demand, import & export, and end-stock of agriculture micronutrients.
Key players in the global agriculture micronutrients market include ADAMA Agricultural Solutions Ltd., Agrium Inc., Akzo Nobel N.V., Auriga Industries A/S, BASF SE, Bayer Crop, Compass Minerals International Inc., E. I. DUPONT DE NEMOURS AND COMPANY, Land O’Lakes Inc. Monsanto Co., Nufarm Limited, Sumitomo Chemical Co., Ltd., Syngenta International AG, The Dow Chemical Co., The Mosaic Company, Yara International ASA, ATP Nutrition, Baicor, L.C., Brandt Consolidated Inc., Grow More Inc., Kay-Flo, Micnelf USA Inc., Nutra-Flo Company (K- Flo), Stoller USA, Inc., Verdesian Life Sciences, LLC, Merck KGaA, and Sigma-Aldrich Corporation.
The global agriculture micronutrients market is segmented as follows:
- By product type
- By application
- By crop type
- By region
On the basis of product type, the market is segmented into:
- Boron
- Copper
- Iron
- Manganese
- Molybdenum
- Zinc
- Others
The zinc product type segment accounted for the highest revenue share of 38.1% of the overall agriculture micronutrients market in 2015 in terms of revenue, followed by the boron product type segment.
The segment that follows analyzes the market on the basis of application and presents the market size in terms of value and volume for the forecast period.
On the basis of the application, the market is segmented into:
- Fertigation
- Foliar
- Soil
- Seed treatment
- Others
The soil segment is expected to expand at the highest CAGR of 8.6% in terms of value during the forecast period. In terms of market share, the soil segment accounted for 47.6% revenue share of the overall market in 2015 and is expected to dominate the overall market during the forecast years.
The segment that follows analyzes the market on the basis of crop type and presents the market size in terms of value and volume for the forecast period.
On the basis of the crop type, the market is segmented into:
- Cereals
- Pulses and oilseeds
- Fruits and vegetables
- Others
The cereals segment is expected to expand at the highest CAGR of 8.5% in terms of value during the forecast period. In terms of market share, the cereals segment accounted for 34.5% revenue share of the overall market in 2015 and is expected to dominate the overall market during the forecast years.
The section that follows analyzes the market on the basis of region and presents the market size in terms of value and volume over the forecast period.
Regions covered in the report are as follows:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
1. Executive Summary
2. Assumptions & Acronyms Used
3. Research Methodology
4. Market Overview
4.1. Introduction
4.1.1.Market Definition
4.1.2.Market Taxonomy
4.2. Market Dynamics
4.2.1.Drivers
4.2.2.Restraints
4.3. Global Agriculture Micronutrients Market Value Chain Analysis
4.4. Global Agriculture Micronutrients Market Trends
4.5. Standardization in Agriculture Micronutrients Packaging
4.6. Trending Technologies in Agriculture Micronutrients Industry
4.7. Key Regulations
4.7.1.Europe
4.7.2.North America
4.7.3.China
4.7.4.India
4.8. Global Agriculture Micronutrients Market Forecast, 2016–2024
4.8.1.Introduction
4.8.1.1. Market Size (Value) Forecast
4.8.1.2. Y-o-Y Growth Projections
4.8.1.3. Absolute $ Opportunity
5. Global Agriculture Micronutrients Market Analysis, by Application
5.1. Introduction
5.1.1.Market Value Share and BPS Analysis, by Application
5.1.2.Y-o-Y Growth Comparison, by Application
5.2. Market Value and Volume Forecast
5.2.1.Fertigation
5.2.1.1. Absolute $ Opportunity
5.2.1.2. Market Value and Volume Forecast
5.2.2.Foliar
5.2.2.1. Absolute $ Opportunity
5.2.2.2. Market Value and Volume Forecast
5.2.3.Soil
5.2.3.1. Absolute $ Opportunity
5.2.3.2. Market Value and Volume Forecast
5.2.4.Seed Treatment
5.2.4.1. Absolute $ Opportunity
5.2.4.2. Market Value and Volume Forecast
5.2.5.Others (Including hydroponics, etc.)
5.2.5.1. Absolute $ Opportunity
5.2.5.2. Market Value and Volume Forecast
5.2.6.Global Agriculture Micronutrients Market Attractiveness Analysis, by Application
6. Global Agriculture Micronutrients Market Analysis, by Product Type
6.1. Introduction
6.1.1.Market Value Share and BPS Analysis, by Product Type
6.1.2.Y-o-Y Growth Comparison, by Product Type
6.2. Market Value and Volume Forecast
6.2.1.Boron
6.2.1.1. Absolute $ Opportunity
6.2.1.2. Market Value and Volume Forecast
6.2.2.Copper
6.2.2.1. Absolute $ Opportunity
6.2.2.2. Market Value and Volume Forecast
6.2.3.Iron
6.2.3.1. Absolute $ Opportunity
6.2.3.2. Market Value and Volume Forecast
6.2.4.Manganese
6.2.4.1. Absolute $ Opportunity
6.2.4.2. Market Value and Volume Forecast
6.2.5.Molybdenum
6.2.5.1. Absolute $ Opportunity
6.2.5.2. Market Value and Volume Forecast
6.2.6.Zinc
6.2.6.1. Absolute $ Opportunity
6.2.6.2. Market Value and Volume Forecast
6.2.7.Others (Including Chlorine, Nickel, etc.)
6.2.7.1. Absolute $ Opportunity
6.2.7.2. Market Value and Volume Forecast
6.3. Global Agriculture Micronutrients Market Attractiveness Analysis, by Product Type
7. Global Agriculture Micronutrients Market Analysis, by Crop Type
7.1. Introduction
7.1.1.Market Value Share and BPS Analysis, by Crop Type
7.1.2.Y-o-Y Growth Comparison, by Crop Type
7.2. Market Value and Volume Forecast
7.2.1.Cereals
7.2.1.1. Absolute $ Opportunity
7.2.1.2. Market Value and Volume Forecast
7.2.2.Pulses and Oilseeds
7.2.2.1. Absolute $ Opportunity
7.2.2.2. Market Value and Volume Forecast
7.2.3.Fruits and Vegetables
7.2.3.1. Absolute $ Opportunity
7.2.3.2. Market Value and Volume Forecast
7.2.4.Others
7.2.4.1. Absolute $ Opportunity
7.2.4.2. Market Value and Volume Forecast
7.3. Global Agriculture Micronutrients Market Attractiveness Analysis, by Crop Type
8. Global Agriculture Micronutrients Market Analysis, by Region
8.1. Introduction
8.1.1.Market Value Share and BPS Analysis, by Region
8.1.2.Y-o-Y Growth Comparison, by Region
8.2. Market Value and Volume Forecast
8.2.1.North America
8.2.1.1. Absolute $ Opportunity
8.2.1.2. Market Value and Volume Forecast
8.2.2.Latin America
8.2.2.1. Absolute $ Opportunity
8.2.2.2. Market Value and Volume Forecast
8.2.3.Europe
8.2.3.1. Absolute $ Opportunity
8.2.3.2. Market Value and Volume Forecast
8.2.4.Asia Pacific
8.2.4.1. Absolute $ Opportunity
8.2.4.2. Market Value and Volume Forecast
8.2.5.MEA
8.2.5.1. Absolute $ Opportunity
8.2.5.2. Market Value and Volume Forecast
8.3. Global Agriculture Micronutrients Market Attractiveness Analysis, by Region
9. North America Agriculture Micronutrients Market Analysis
9.1. Introduction
9.1.1.Market Value Share and BPS Analysis, by Country
9.1.2.Y-o-Y Growth Comparison, by Country
9.2. Market Value and Volume Forecast, by Country
9.2.1.U.S.
9.2.1.1. Absolute $ Opportunity
9.2.1.2. Market Value and Volume Forecast
9.2.2.Canada
9.2.2.1. Absolute $ Opportunity
9.2.2.2. Market Value and Volume Forecast
9.3. Market Value and Volume Forecast, by Product Type
9.3.1.Boron
9.3.1.1. Non-Chelated
9.3.1.2. Chelated
9.3.2.Copper
9.3.2.1. Non-Chelated
9.3.2.2. Chelated
9.3.3.Iron
9.3.3.1. Non-Chelated
9.3.3.2. Chelated
9.3.4.Manganese
9.3.4.1. Non-Chelated
9.3.4.2. Chelated
9.3.5.Molybdenum
9.3.5.1. Non-Chelated
9.3.5.2. Chelated
9.3.6. Zinc
9.3.6.1. Non-Chelated
9.3.6.2. Chelated
9.3.7.Others (Including chlorine, nickel etc.).
9.3.7.1. Non-Chelated
9.3.7.2. Chelated
9.4. Market Value and Volume Forecast, by Application
9.4.1.Fertigation
9.4.2.Foliar
9.4.3.Soil
9.4.4.Seed Treatment
9.4.5.Others (Including hydroponics, etc.).Boron
9.5. Market Value and Volume Forecast, by Crop Type
9.5.1.Cereals
9.5.2.Pulses and oilseeds
9.5.3.Fruits and vegetables
9.5.4.Others (Including floriculture, etc.)
9.6. North America Agriculture Micronutrients Market Attractiveness
9.6.1.By Country
9.6.2.By Product Type
9.6.3.By Application
9.6.4.By Crop Type
10. Latin America Agriculture Micronutrients Market Analysis
10.1.Introduction
10.1.1. Market Value Share and BPS Analysis, by Country
10.1.2. Y-o-Y Growth Comparison, by Country
10.2.Market Value and Volume Forecast, by Country
10.2.1. Brazil
10.2.1.1. Absolute $ Opportunity
10.2.1.2. Market Value and Volume Forecast
10.2.2. Argentina
10.2.2.1. Absolute $ Opportunity
10.2.2.2. Market Value and Volume Forecast
10.2.3. Mexico
10.2.3.1. Absolute $ Opportunity
10.2.3.2. Market Value and Volume Forecast
10.2.4. Rest of Latin America
10.2.4.1. Absolute $ Opportunity
10.2.4.2. Market Value and Volume Forecast
10.3.Market Value and Volume Forecast, by Product Type
10.3.1. Boron
10.3.1.1. Non-Chelated
10.3.1.2. Chelated
10.3.2. Copper
10.3.2.1. Non-Chelated
10.3.2.2. Chelated
10.3.3. Iron
10.3.3.1. Non-Chelated
10.3.3.2. Chelated
10.3.4. Manganese
10.3.4.1. Non-Chelated
10.3.4.2. Chelated
10.3.5. Molybdenum
10.3.5.1. Non-Chelated
10.3.5.2. Chelated
10.3.6. Zinc
10.3.6.1. Non-Chelated
10.3.6.2. Chelated
10.3.7. Others (Including chlorine, nickel etc.).
10.3.7.1. Non-Chelated
10.3.7.2. Chelated
10.4.Market Value and Volume Forecast, by Application
10.4.1. Fertigation
10.4.2. Foliar
10.4.3. Soil
10.4.4. Seed Treatment
10.4.5. Others (Including hydroponics, etc.).Boron
10.5.Market Value and Volume Forecast, by Crop Type
10.5.1. Cereals
10.5.2. Pulses and oilseeds
10.5.3. Fruits and vegetables
10.5.4. Others (Including floriculture, etc.)
10.6.Latin America Agriculture Micronutrients Market Attractiveness
10.6.1. By Country
10.6.2. By Product Type
10.6.3. By Application
10.6.4. By Crop Type
11. Europe Agriculture Micronutrients Market Analysis
11.1.Introduction
11.1.1. Market Value Share and BPS Analysis, by Country
11.1.2. Y-o-Y Growth Comparison, by Country
11.2.Market Value and Volume Forecast, by Country
11.2.1. BENELUX
11.2.1.1. Absolute $ Opportunity
11.2.1.2. Market Value and Volume Forecast
11.2.2. France
11.2.2.1. Absolute $ Opportunity
11.2.2.2. Market Value and Volume Forecast
11.2.3. Germany
11.2.3.1. Absolute $ Opportunity
11.2.3.2. Market Value and Volume Forecast
11.2.4. Italy
11.2.4.1. Absolute $ Opportunity
11.2.4.2. Market Value and Volume Forecast
11.2.5. Nordic
11.2.5.1. Absolute $ Opportunity
11.2.5.2. Market Value and Volume Forecast
11.2.6. Poland
11.2.6.1. Absolute $ Opportunity
11.2.6.2. Market Value and Volume Forecast
11.2.7. Russia
11.2.7.1. Absolute $ Opportunity
11.2.7.2. Market Value and Volume Forecast
11.2.8. Spain
11.2.8.1. Absolute $ Opportunity
11.2.8.2. Market Value and Volume Forecast
11.2.9. U.K.
11.2.9.1. Absolute $ Opportunity
11.2.9.2. Market Value and Volume Forecast
11.2.10.Rest of Europe
11.2.10.1. Absolute $ Opportunity
11.2.10.2. Market Value and Volume Forecast
11.3.Market Value and Volume Forecast, by Product Type
11.3.1. Boron
11.3.1.1. Non-Chelated
11.3.1.2. Chelated
11.3.2. Copper
11.3.2.1. Non-Chelated
11.3.2.2. Chelated
11.3.3. Iron
11.3.3.1. Non-Chelated
11.3.3.2. Chelated
11.3.4. Manganese
11.3.4.1. Non-Chelated
11.3.4.2. Chelated
11.3.5. Molybdenum
11.3.5.1. Non-Chelated
11.3.5.2. Chelated
11.3.6. Zinc
11.3.6.1. Non-Chelated
11.3.6.2. Chelated
11.3.7. Others (Including chlorine, nickel etc.).
11.3.7.1. Non-Chelated
11.3.7.2. Chelated
11.4.Market Value and Volume Forecast, by Application
11.4.1. Fertigation
11.4.2. Foliar
11.4.3. Soil
11.4.4. Seed Treatment
11.4.5. Others (Including hydroponics, etc.).Boron
11.5.Market Value and Volume Forecast, by Crop Type
11.5.1. Cereals
11.5.2. Pulses and oilseeds
11.5.3. Fruits and vegetables
11.5.4. Others (Including floriculture, etc.)
11.6.Europe Agriculture Micronutrients Market Attractiveness
11.6.1. By Country
11.6.2. By Product Type
11.6.3. By Application
11.6.4. By Crop Type
12. Asia Pacific Agriculture Micronutrients Market Analysis
12.1.Introduction
12.1.1. Market Value Share and BPS Analysis, by Country
12.1.2. Y-o-Y Growth Comparison, by Country
12.2.Market Value and Volume Forecast, by Country
12.2.1. China
12.2.1.1. Absolute $ Opportunity
12.2.1.2. Market Value and Volume Forecast
12.2.2. India
12.2.2.1. Absolute $ Opportunity
12.2.2.2. Market Value and Volume Forecast
12.2.3. Japan
12.2.3.1. Absolute $ Opportunity
12.2.3.2. Market Value and Volume Forecast
12.2.4. Australia and New Zealand
12.2.4.1. Absolute $ Opportunity
12.2.4.2. Market Value and Volume Forecast
12.2.5. Rest of Asia Pacific
12.2.5.1. Absolute $ Opportunity
12.2.5.2. Market Value and Volume Forecast
12.3.Market Value and Volume Forecast, by Product Type
12.3.1. Boron
12.3.1.1. Non-Chelated
12.3.1.2. Chelated
12.3.2. Copper
12.3.2.1. Non-Chelated
12.3.2.2. Chelated
12.3.3. Iron
12.3.3.1. Non-Chelated
12.3.3.2. Chelated
12.3.4. Manganese
12.3.4.1. Non-Chelated
12.3.4.2. Chelated
12.3.5. Molybdenum
12.3.5.1. Non-Chelated
12.3.5.2. Chelated
12.3.6. Zinc
12.3.6.1. Non-Chelated
12.3.6.2. Chelated
12.3.7. Others (Including chlorine, nickel etc.).
12.3.7.1. Non-Chelated
12.3.7.2. Chelated
12.4.Market Value and Volume Forecast, by Application
12.4.1. Fertigation
12.4.2. Foliar
12.4.3. Soil
12.4.4. Seed Treatment
12.4.5. Others (Including hydroponics, etc.).Boron
12.5.Market Value and Volume Forecast, by Crop Type
12.5.1. Cereals
12.5.2. Pulses and oilseeds
12.5.3. Fruits and vegetables
12.5.4. Others (Including floriculture, etc.)
12.6.Asia Pacific Agriculture Micronutrients Market Attractiveness
12.6.1. By Country
12.6.2. By Product Type
12.6.3. By Application
12.6.4. By Crop Type
13. MEA Agriculture Micronutrients Market Analysis
13.1.Introduction
13.1.1. Market Value Share and BPS Analysis, by Country
13.1.2. Y-o-Y Growth Comparison, by Country
13.2.Market Value and Volume Forecast, by Country
13.2.1. Sub-Saharan Africa
13.2.1.1. Absolute $ Opportunity
13.2.1.2. Market Value and Volume Forecast
13.2.2. North Africa
13.2.2.1. Absolute $ Opportunity
13.2.2.2. Market Value and Volume Forecast
13.2.3. Turkey
13.2.3.1. Absolute $ Opportunity
13.2.3.2. Market Value and Volume Forecast
13.2.4. South Africa
13.2.4.1. Absolute $ Opportunity
13.2.4.2. Market Value and Volume Forecast
13.2.5. GCC Countries
13.2.5.1. Absolute $ Opportunity
13.2.5.2. Market Value and Volume Forecast
13.2.6. Rest of MEA
13.2.6.1. Absolute $ Opportunity
13.2.6.2. Market Value and Volume Forecast
13.3.Market Value and Volume Forecast, by Product Type
13.3.1. Boron
13.3.1.1. Non-Chelated
13.3.1.2. Chelated
13.3.2. Copper
13.3.2.1. Non-Chelated
13.3.2.2. Chelated
13.3.3. Iron
13.3.3.1. Non-Chelated
13.3.3.2. Chelated
13.3.4. Manganese
13.3.4.1. Non-Chelated
13.3.4.2. Chelated
13.3.5. Molybdenum
13.3.5.1. Non-Chelated
13.3.5.2. Chelated
13.3.6. Zinc
13.3.6.1. Non-Chelated
13.3.6.2. Chelated
13.3.7. Others (Including chlorine, nickel etc.).
13.3.7.1. Non-Chelated
13.3.7.2. Chelated
13.4.Market Value and Volume Forecast, by Application
13.4.1. Fertigation
13.4.2. Foliar
13.4.3. Soil
13.4.4. Seed Treatment
13.4.5. Others (Including hydroponics, etc.).Boron
13.5.Market Value and Volume Forecast, by Crop Type
13.5.1. Cereals
13.5.2. Pulses and oilseeds
13.5.3. Fruits and vegetables
13.5.4. Others (Including floriculture, etc.)13.6.MEA Agriculture Micronutrients Market Attractiveness
13.6.1. By Country
13.6.2. By Product Type
13.6.3. By Application
13.6.4. By Crop Type
14. Competitive Landscape
14.1.Competition Dashboard
14.2.Company Profiles
14.2.1. ADAMA Agricultural Solutions Ltd.
14.2.2. Agrium Inc.
14.2.3. Akzo Nobel N.V.
14.2.4. Auriga Industries A/S
14.2.5. BASF SE
14.2.6. Bayer CropScience AG
14.2.7. Compass Minerals International Inc.
14.2.8. E. I. DUPONT DE NEMOURS AND COMPANY
14.2.9. Land O’Lakes Inc. Monsanto Co.
14.2.10.Nufarm Limited
14.2.11.Sumitomo Chemical Co., Ltd.
14.2.12.Syngenta International AG
14.2.13.The Dow Chemical Co.
14.2.14.The Mosaic Company
14.2.15.Yara International ASA
14.2.16.ATP Nutrition
14.2.17.Baicor, L.C.
14.2.18.Brandt Consolidated Inc.
14.2.19.Grow More Inc.
14.2.20.Kay-Flo
14.2.21.Micnelf USA Inc.
14.2.22.Nutra-Flo Company (K- Flo)
14.2.23.Stoller USA, Inc.
14.2.24.Verdesian Life Sciences, LLC (QC Corporation)
14.2.25.Merck KGaA
14.2.26.Sigma-Aldrich Corporation