CST: 25/05/2016 09:54:58   

Agriculture Micronutrient Market 2015 -- Global Trends and Forecasts to 2020 for the $7.6 Billion Industry

91 Days ago

DUBLIN, IRELAND --(Marketwired - February 23, 2016) - Research and Markets has announced the addition of the "Agriculture Micronutrient Market - Global Trends and Forecast to 2020" report to their offering.

The market for agriculture micronutrients was valued $4.8 Billion in 2014, and is projected to reach $7.6 Billion by 2020, at a CAGR of 8.1%. In 2014, the Asia-Pacific region was the largest market and is projected to reach $4.1 Billion by 2020. This region is also the fastest-growing market and is projected to grow at a CAGR of 8.3% during the period under review.

Agricultural micronutrients have become a fundamental input in agriculture production and leading the industry to achieve its transformation in line with the changing demand from growers as well as to replenish the increasing demand for food with the increasing population worldwide.

The agricultural micronutrients market growth has increased progressively because of increased global micronutrient deficiency in soil and shrinkage in the world's agricultural land. The deficiency of micronutrients has increased worldwide due to intensive cropping pattern, extensive use of chemical fertilizers, mining of micronutrient reserves, and extensive irrigation facilities.

In 2014, The Asia-Pacific region was the largest market accounting for 53% of the total volume of the global market, followed by North America accounting for 20.3% of the global market volume in 2014. The Asia-Pacific agricultural micronutrients market is estimated to show potential growth in the next five years. The largest market is for molybdenum. It accounted for 23.0% of the total agriculture micronutrients market in 2014.

Scope of the Report

On the basis of type, the agricultural micronutrients market has been segmented as follows:

  • Zinc
  • Manganese
  • Copper
  • Iron
  • Boron
  • Molybdenum
  • Others (chlorine, nickel, and cobalt)

On the basis crop type, the agricultural micronutrients market has been segmented as follows:

  • Cereals & grains
  • Fruits & vegetables
  • Oilseeds & pulses
  • Others (floriculture, plantation, etc.)

On the basis form, the agricultural micronutrients market has been segmented as follows:

  • Chelated
  • Non-chelated

On the basis crop type, the agricultural micronutrients market has been segmented as follows:

  • Soil
  • Fertigation
  • Foliar
  • Other (seed treatment and hydroponics)

Company Profiles

  • Agrium Inc.
  • Akzonobel N.V.
  • Auriga Industries A/S
  • BASF SE
  • Coromandel International Ltd.
  • Haifa Chemicals Ltd.
  • Sapec SA
  • The Mosaic Company
  • Valagro
  • Yara International ASA

For more information visit http://www.researchandmarkets.com/research/g5k8c9/agriculture.

Sector: Agriculture

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