Agriculture Micronutrient (Zinc, Manganese, Boron, Copper, Molybdenum, Iron) Market 2015 - Global Trends and Forecasts to 2020 for the $7.6 Billion Industry

Jul 16, 2015, 05:36 ET from Research and Markets

DUBLIN, July 10, 2015 /PRNewswire/ --

Research and Markets(http://www.researchandmarkets.com/research/w67ng5/agriculture) has announced the addition of the "Agriculture Micronutrient Market by Type (Zinc, Manganese, Boron, Copper, Molybdenum, Iron), Form (Chelated & Non Chelated), Application Mode (Soil, Foliar, Fertigation), Crop Type, & by Region - Global Trends and Forecast to 2020 " report to their offering.

The market for agriculture micronutrients was valued $4.8 Billion in 2014, and is projected to reach $7.6 Billion by 2020, at a CAGR of 8.1%. In 2014, the Asia-Pacific region was the largest market and is projected to reach $4.1 Billion by 2020. This region is also the fastest-growing market and is projected to grow at a CAGR of 8.3% during the period under review.

Agricultural micronutrients have become a fundamental input in agriculture production and leading the industry to achieve its transformation in line with the changing demand from growers as well as to replenish the increasing demand for food with the increasing population worldwide. The agricultural micronutrients market growth has increased progressively because of increased global micronutrient deficiency in soil and shrinkage in the world's agricultural land. The deficiency of micronutrients has increased worldwide due to intensive cropping pattern, extensive use of chemical fertilizers, mining of micronutrient reserves, and extensive irrigation facilities.

The report provides a detailed analysis of the agricultural micronutrients market, which is segmented into application mode, form, type, and crop type. The market size for agricultural micronutrients is also analyzed for the key regions which are North America, Europe, Asia-Pacific, and Rest of the World (RoW). The market is further segmented on the basis of the key countries in these regions.

In 2014, The Asia-Pacific region was the largest market accounting for 53% of the total volume of the global market, followed by North America accounting for 20.3% of the global market volume in 2014. The Asia-Pacific agricultural micronutrients market is estimated to show potential growth in the next five years. The largest market is for molybdenum. It accounted for 23.0% of the total agriculture micronutrients market in 2014.

The report provides a qualitative analysis of the leading players in the market. It also enumerates the development strategies preferred by these players. The market dynamics in terms of market drivers, restraints, opportunities, and challenges are discussed in detail in the report.

Scope of the Report
 
On the basis of type, the agricultural micronutrients market has been segmented as follows:

- Zinc
- Manganese
- Copper
- Iron
- Boron
- Molybdenum
- Others (chlorine, nickel, and cobalt)

On the basis crop type, the agricultural micronutrients market has been segmented as follows:

- Cereals & grains
- Fruits & vegetables
- Oilseeds & pulses
- Others (floriculture, plantation, etc.)

On the basis form, the agricultural micronutrients market has been segmented as follows:

- Chelated
- Non-chelated

On the basis crop type, the agricultural micronutrients market has been segmented as follows:

- Soil
- Fertigation
- Foliar
- Other (seed treatment and hydroponics)

Company Profiles

- Agrium Inc.
- Akzonobel N.V.
- Auriga Industries A/S
- BASF SE
- Coromandel International Ltd.
- Haifa Chemicals Ltd.
- Sapec SA
- The Mosaic Company
- Valagro
- Yara International ASA

For more information visit http://www.researchandmarkets.com/research/w67ng5/agriculture

Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net

SOURCE Research and Markets



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