Global Agricultural Micronutrients Market: The Agricultural Micronutrients market is driven by Supportive Policies by the Governments with a healthy CAGR of 8.4% during the forecast period of 2020 to 2027.

Agricultural Micronutrients Market Research Future Insights:

According to MRFR analysis, the global Agricultural Micronutrients market is expected to register a CAGR of 8.4% from 2020 to 2027 and hold a value of over USD 7.3 billion by 2027.

Agricultural micronutrients are essential trace elements that plants need in small amounts for optimal growth and development. These micronutrients include minerals such as boron, chlorine, copper, iron, manganese, molybdenum, and zinc. They are usually applied to soil or added to fertilizers to help ensure that plants have access to the micronutrients they need. The COVID-19 pandemic has had some impact on the production and use of agricultural micronutrients, but the overall impact has been relatively limited. The demand for agricultural micronutrients has remained relatively stable during the pandemic, as food production has continued to be a priority. The pandemic has also led to some changes in the way that micronutrients are used in agriculture.

Regional Analysis

Asia-Pacific is projected to dominate the global agricultural micronutrient market during the review period – this is largely due to the large population growth in the region as well as increasing awareness of these products among farmers.

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Market Segmentation

The Global Agricultural Micronutrients market has been segmented into type, crop type, form, and application.

Based on the type, the market has been segmented into Zinc, Boron, Iron, Molybdenum, Copper, Manganese, and Others.

Based on the crop type, the market has been segmented into Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Others.

Based on the form, the market has been segmented into Chelated and Non-Chelated.

Based on the application, the market has been segmented into Soil, Foliar, Fertigation and Others.

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Key Players

Some of the key market players are BASF SE, AkzoNobel, Nutrien, Ltd., Yara International ASA, The Mosaic Company, Compass Minerals International, Valagro, Nufarm, Coromandel International Ltd., Helena Chemical Company, Zuari Agrochemicals Ltd, Stoller Enterprises, Inc., ATP Nutrition, Balchem, Corteva, Inc.

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