Agricoltura
Agriculture Micronutrients Market is expected to surge at a CAGR of 8.4% to reach close to US$ 11.3 Bn by the end of 2031: Persistence Market Research
Globally, quality of soil is declining due to various reasons such as overgrazing, agricultural activities, deforestation, overexploitation of land to produce fuel wood, and increasing industrialization. Chelated iron micronutrients rectify iron deficiency in calcareous (high pH) soils and soil in the Mediterranean region. Alkaline soil is widely distributed in low rainfall areas where salt accumulates due to poor drainage systems. Chelated micronutrient fertilizers make metal ions available for immediate absorption by plants, as they prevent the precipitation of metal caused by poor soil quality.
Micronutrients are effective in both, soil and foliar applications due to their chelation properties. Micronutrients facilitate effective operation of fertilizers by increasing the uptake of primary and secondary nutrients by plants, which leads to proper growth of plants, and this factor will bolster the sales of micronutrients for crop production.
Manufacturers of agriculture micronutrients all over the world are implementing strategies to capitalize on the current market scenario. Major agriculture micronutrient manufacturers are utilizing strategies such as expanding their distribution networks and boosting their investments in new production facilities. Manufacturers are focusing on enhance the quality of finished products.
Persistence Market Research, in its new report, offers an impartial analysis of the global agriculture micronutrients market, presenting historical data (2016-2020) and estimation statistics for the forecast period of 2021-2031.
The study offers compelling insights on the basis of product type (boron, copper, iron, manganese, molybdenum, zinc, others), crop type (cereals, pulses and oilseeds, fruits and vegetables, others), and application (fertigation, foliar, soil, seed treatment, others), across seven major regions of the world.
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