Agricoltura
Agricultural Micronutrients Market worth $6.4 Billion by 2027 - Exclusive Report by MarketsandMarkets™
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Zinc exists naturally in the rocks and is highly present in the soils originating from igneous rocks. Plants take zinc as a divalent ionic form (Zn2+) and chelated zinc. Sandy, highly leached acid soil and soils having poor organic content show lower zinc contents. The formations of essential enzymes in the plants, such as carbohydrates, protein, and chlorophyll, are hampered in zinc-deficient soils. Phosphorus and zinc have a specific relation, and soils with an excess of phosphorus show low levels of zinc in the vicinity.
The foliar mode of application is widely used to apply micronutrients, particularly iron and manganese, for many crops. It is mostly used for many fruits, vegetables, and flower crops. Micronutrients can be foliar applied as liquid or suspensions to crops. Soluble inorganic salts of micronutrients are effective in foliar spray and are lower in cost as compared to synthetic chelates. During flowering in spring, when soil moisture and temperature are not favorable for root growth, the foliar spray is advantageous to meet the internal demand of micronutrients. For instance, in grapevines, a foliar spray of zinc is effective for fruit set and berry development. For many horticultural crops, foliar application is preferred for the correction of iron chlorosis.
Agricultural Micronutrients Market
Non-chelated micronutrients are applied in larger quantities than chelated ones. These are the most widely used and marketed as sulphate salts. China is a major exporter of micronutrients, mainly sulphate salts of metals such as zinc and copper. As these micronutrients are cheaper, they are recommended for application on a wide variety of crops.
Fruits and vegetables have become an indispensable part of the human diet, especially with the increase in awareness regarding their nutritive value. The high export potential of fruits & vegetables has led to an increase in their production levels. This has propelled the requirement of micronutrient products for efficient usage of agricultural inputs to meet export quality standards. According to the USDA report (2022), Fruit and vegetable exports to China declined for the third year in a row. However, South Korea saw a significant gain of USD 61 million . Apples, pears, peaches, citrus, table grapes, and cherries continue to make up nearly half of total US fresh fruit and vegetable exports.
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The Asia Pacific micronutrients market is projected to dominate the global market due to the growing agriculture industry in
China and India . Demand for micronutrients has been growing in this region, due to increasing investment of overseas business lines in agricultural inputs to exclusively meet the demand of crop growers to attain export quality.
Additionally, the regulations for agricultural micronutrients are favorable in this region. China is estimated to account for the largest share in the Asia Pacific agricultural micronutrients market due to the increasing investments by several multinational manufacturers in research & development.
The key players in this market include BASF SE ( Germany ), Nutrien Ltd ( Canada ), AkzoNobel ( Netherlands ), Yara International ASA ( Norway ), and Compass Minerals International (US), Coromandel International Ltd ( India ), Helena Chemical Company (US), Nufarm ( Australia ), Land O'Lakes (US), Brandt (US), Koch (US), FMC Corporation (US), and Balchem (US), The Mosaic Company (US). These players in this market are focusing on increasing their presence through new product launches, partnerships, agreements, and collaborations. These companies have a strong presence in North America , Asia Pacific and Europe . They also have manufacturing facilities along with strong distribution networks across these regions.
by Type (EDTA, EDDHA, DTPA, IDHA), Application (Soil, Seed Dressing, Foliar Sprays, Fertigation), Micronutrient Type (Iron, Manganese), Crop Type, End Use, and Region – Global Forecast to 2025
by Type (UAN, CAN, MAP, Potassium Sulfate, and Potassium Nitrate), Application Method (Soil, Foliar, and Fertigation), Form (Dry and Liquid), Crop Type, Technology, and Region - Global Forecast to 2025
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