Reports and Data estimates the global Micronutrients competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2019-2030 as the forecast period. The report offers CAGR and market size for the global Micronutrients during the forecast period.

The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include Agrium Inc., BASF SE, Aries Agro Ltd., Coromandel International Ltd., Yara International, Valagro, Gujarat State Fertilizers & Chemicals, AkzoNobel, Tradecorp International, Mosaic, and Cheminova.

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Micronutrients Overview :-

The global Micronutrients Market size was USD 3.59 billion in 2020 and is expected to register a CAGR of 8.4% during the forecast period. Increasing awareness about the impact of micronutrients on crop yield, the growing importance of food security, and the limited availability of agricultural land are the key elements stimulating market growth. Micronutrients are essential nutrients required by plants and crops for efficient growth and metabolism. Micronutrients are vitamins, minerals, and trace elements that are imperative for cellular growth and different energy metabolism, and tissue generation. For instance, cobalt plays a critical role in fixing nitrogen in the root nodules of legumes.

The growing need for high-efficiency crop nutrition products that can cater to the nutritional requirements of the plants has boosted the market growth. The exponential use of micronutrients in fertilizers is projected to be a prevalent trend in the global market in the forecast timeframe. Micronutrient deficiencies are extensively widespread, with a majority of cereal soils deficient in zinc and iron. The reasons for these limitations are the increasing demand for high crop yield, increasing use of NPK fertilizers, and advancements in fertilizers that reduce the content of micronutrients. These factors have contributed to an exponential increase in the usage and need for micronutrients to achieve balanced nutrition. This is further projected to drive the market growth in the forthcoming years.

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For the purpose of this report Reports and Data has segmented global Micronutrients market on the basis of type, application, and region:

By Type Outlook             

• Zinc
• Molybdenum
• Boron
• Manganese
• Others

By Form Outlook            

• Chelated
• Non-chelated

By Application Outlook

• Soil
• Hydroponics
• Foliar

By End-user Outlook     

• Cereals
• Fruits & Vegetables
• Pulses & Oilseeds
• Others

Key Regional Markets Covered in the Report:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)

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 Key Questions answered by the Report:

• What is the expected year-on-year growth of the Micronutrients during the forecast period?
• What key trends are expected influence revenue growth of the market going ahead?
• Which region is expected to account for largest revenue share over the forecast period?
• Which key companies are profiled in the report?

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About Reports and Data 

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