The global crop micronutrients market is anticipated to grow at a significant CAGR during the forecast period (2024-2031). Crop micronutrients are termed as the key nutrients essential for the plant’s growth and other metabolic activities. These micronutrients play a pivotal role in enhancing the taste, color, and quality of crops as well as efficiency of fertilizers, water use, disease resistance, and others. They also support the development of large as well as strong roots, encourage better plant immunity, and support build complete proteins and compounds. All these advantages offered by the crop micronutrients are likely to drive their growth during the forecast period. Other major factors that are likely to drive the growth of the market include the growth in micronutrient deficiencies in the soil and growing awareness about food security. Further, rising awareness among growers regarding the benefits of micronutrients and shrinkage of agricultural land coupled with the effectiveness of micronutrients for crop yield and productivity, are also anticipated to give a major boost to the global crop micronutrients market.
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Geographically, Asia-Pacific is anticipated to show a substantial growth in the overall market. The region is potent market for high-quality food which further promises robust growth opportunities owing to rise in the adoption of micronutrients by the local farmers of the emerging economies of the region. In addition, the growth in vivid agricultural practices, need of high-quality agricultural produce coupled with the growing population base are also anticipated to drive the market in the Asia-Pacific.
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Market Coverage
- Segment Covered-
o By Application
o By Deployment Model
o By End-User
- Regions covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape: Akzo Nobel N.V., BASF SE, and Corteva, Inc., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Crop Micronutrients Market Report by Segment
By Form
- Chelated
- Non-Chelated
By Product Type
- Boron
- Copper
- Iron
- Manganese
- Molybdenum
- Zinc
- Others
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