The global Agricultural Micronutrients Market size was USD 4.5 Billion in 2022 and is expected to reach USD 9.77 Billion in 2032, and register a revenue CAGR of 9% during the forecast period. The requirement for increased crop yields to meet rising food demand, soil degradation, and growing micronutrient deficit in soils, which results in low agricultural productivity, are major factors driving the market revenue growth. The demand for Agricultural Micronutrients in agriculture is expected to be driven by need to improve crop quality and a rise in crop area.

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Top Companies: Agrium Inc., BASF SE, Aries Agro Ltd., Coromandel International Ltd., Yara International, Valagro, Gujarat State Fertilizers Chemicals, AkzoNobel, Tradecorp International, Mosaic, and Cheminova.

Further Key Finding from the Report Suggestion:

• Zinc is projected to observe a significant growth in the market in the estimated timeframe accredited to the increasing deficiency of zinc in the soil and the important role of zinc in plant growth and development.
• The hydroponics segment is estimated to register a significantly high growth rate in the projected period attributed to its rapid adoption in agricultural practices due to the rapidly declining availability of cultivable land.
• The soil segment is forecast to grow at a rapid rate in the timeframe owing to its easy-to-use and cost-efficient applications. The increasing preference of this mode by the farmers coupled with the expanding use of conventional agricultural equipment is projected to further drive the segment’s growth.
• The chelated form is projected to observe considerable growth in the timeframe owing to the increasing need to enhance Agricultural Micronutrients’ efficiency in the soil, increasing development of innovative chelated Agricultural Micronutrients, and the high stability of chelated Agricultural Micronutrients.
• The fruits and vegetable segment is projected to record substantial growth in the estimated timeframe owing to increasing consumption of fruits and vegetables, consumer shift to a vegetarian diet, and escalating demand for nutrition-dense crops.

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The global Agricultural Micronutrients market is segmented into:

Type Outlook (Revenue, USD Billion; 2018-2028)

• Zinc
• Molybdenum
• Boron
• Manganese
• Others

Form Outlook (Revenue, USD Billion; 2018-2028)

• Chelated
• Non-chelated

Application Outlook (Revenue, USD Billion; 2018-2028)

• Soil
• Hydroponics
• Foliar

End-user Outlook (Revenue, USD Billion; 2018-2028)

• Cereals
• Fruits Vegetables
• Pulses Oilseeds
• Others

Regional Outlook:

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

Key Questions Addressed in the Report:

• What are the dominating factors that are influencing the growth of the industry?
• In the forecast period, which market segment is expected to rise the most?
• What are the risks and challenges that the industry is facing?
• In the coming years, which area is projected to dominate the market?
• Who are the major players in the market?
• What kind of strategic business plans have they made?

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