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Crop Micronutrient-Global Market Insights and Sales Trends 2024
Synopsis
Crop Micronutrient includes nutrients such as boron, zinc, molybdenum, iron, manganese, etc. Although plants require very little trace elements, their effects on plant growth and development are as important as large amounts of elements. When an agriculture micronutrient is lacking, crop growth and development are significantly affected, yield is reduced, and quality is degraded. On the other hand, too much agriculture micronutrient can poison crops, affecting yield and quality, and even endangering human and animal health in severe cases. With the continuous increase of crop yield and the large-scale application of chemical fertilizers, the application of trace element fertilizers has become increasingly urgent. Among the agriculture micronutrient fertilizers, iron, manganese, zinc, copper sulfate, boric acid, molybdic acid, and monovalent salts thereof are usually used.
The global Crop Micronutrient market size is expected to reach US$ 17520 million by 2029, growing at a CAGR of 8.4% from 2023 to 2029. The market is mainly driven by the significant applications of Crop Micronutrient in various end use industries. The expanding demands from the Fruits and Vegetables, Cereals and Grains, Oilseeds and Pulses and Floriculture, are propelling Crop Micronutrient market. Zinc, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Iron segment is estimated at % CAGR for the next seven-year period.
According to the 2022 Statistical Yearbook of the United Nations Agricultural and Food Organization, there are about 866 million people work in agriculture, accounting for more than a quarter of the world's total labor force and creating $3.6 trillion in added value. According to data, North America was the region with the most fertilizer use in the world in 2021, accounting for 32.6% of the global fertilizer market size. From the perspective of demand, the proportion of micro-fertilizers used in many European countries has reached 45-60%, and the proportion of use in the United States was as high as 60-70%. According to our “Agriculture Research Center”, the global fertilizer consumption was nearly 200 million tons in 2022. According to the National Bureau of Statistics, the total output value of China's fertilizer manufacturing industry in 2021 was 618.572 billion yuan, with a year-on-year increase of 5.05%. Global fertilizer consumption in 2021 increased by nearly 12 million tons, which compared to 2020.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Crop Micronutrient, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Crop Micronutrient market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Crop Micronutrient market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Crop Micronutrient sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Crop Micronutrient covered in this report include BASF, Dow, AkzoNobel, The Mosaic Company, Land O'Lakes, Helena, Nufarm, AgroLiquid and Agro-K, etc.
The global Crop Micronutrient market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
BASF
Dow
AkzoNobel
The Mosaic Company
Land O'Lakes
Helena
Nufarm
AgroLiquid
Agro-K
Arrmaz
Yara
K+S
Global Crop Micronutrient market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Crop Micronutrient market, Segment by Type:
Zinc
Iron
Boron
Molybdenum
Manganese
Others
Global Crop Micronutrient market, by Application
Fruits and Vegetables
Cereals and Grains
Oilseeds and Pulses
Floriculture
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Crop Micronutrient manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Crop Micronutrient in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Crop Micronutrient includes nutrients such as boron, zinc, molybdenum, iron, manganese, etc. Although plants require very little trace elements, their effects on plant growth and development are as important as large amounts of elements. When an agriculture micronutrient is lacking, crop growth and development are significantly affected, yield is reduced, and quality is degraded. On the other hand, too much agriculture micronutrient can poison crops, affecting yield and quality, and even endangering human and animal health in severe cases. With the continuous increase of crop yield and the large-scale application of chemical fertilizers, the application of trace element fertilizers has become increasingly urgent. Among the agriculture micronutrient fertilizers, iron, manganese, zinc, copper sulfate, boric acid, molybdic acid, and monovalent salts thereof are usually used.
The global Crop Micronutrient market size is expected to reach US$ 17520 million by 2029, growing at a CAGR of 8.4% from 2023 to 2029. The market is mainly driven by the significant applications of Crop Micronutrient in various end use industries. The expanding demands from the Fruits and Vegetables, Cereals and Grains, Oilseeds and Pulses and Floriculture, are propelling Crop Micronutrient market. Zinc, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Iron segment is estimated at % CAGR for the next seven-year period.
According to the 2022 Statistical Yearbook of the United Nations Agricultural and Food Organization, there are about 866 million people work in agriculture, accounting for more than a quarter of the world's total labor force and creating $3.6 trillion in added value. According to data, North America was the region with the most fertilizer use in the world in 2021, accounting for 32.6% of the global fertilizer market size. From the perspective of demand, the proportion of micro-fertilizers used in many European countries has reached 45-60%, and the proportion of use in the United States was as high as 60-70%. According to our “Agriculture Research Center”, the global fertilizer consumption was nearly 200 million tons in 2022. According to the National Bureau of Statistics, the total output value of China's fertilizer manufacturing industry in 2021 was 618.572 billion yuan, with a year-on-year increase of 5.05%. Global fertilizer consumption in 2021 increased by nearly 12 million tons, which compared to 2020.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Crop Micronutrient, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Crop Micronutrient market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Crop Micronutrient market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Crop Micronutrient sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Crop Micronutrient covered in this report include BASF, Dow, AkzoNobel, The Mosaic Company, Land O'Lakes, Helena, Nufarm, AgroLiquid and Agro-K, etc.
The global Crop Micronutrient market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
BASF
Dow
AkzoNobel
The Mosaic Company
Land O'Lakes
Helena
Nufarm
AgroLiquid
Agro-K
Arrmaz
Yara
K+S
Global Crop Micronutrient market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Crop Micronutrient market, Segment by Type:
Zinc
Iron
Boron
Molybdenum
Manganese
Others
Global Crop Micronutrient market, by Application
Fruits and Vegetables
Cereals and Grains
Oilseeds and Pulses
Floriculture
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Crop Micronutrient manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Crop Micronutrient in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Crop Micronutrient Market Overview
1.1 Crop Micronutrient Product Overview
1.2 Crop Micronutrient Market Segment by Type
1.2.1 Zinc
1.2.2 Iron
1.2.3 Boron
1.2.4 Molybdenum
1.2.5 Manganese
1.2.6 Others
1.3 Global Crop Micronutrient Market Size by Type
1.3.1 Global Crop Micronutrient Market Size Overview by Type (2018-2029)
1.3.2 Global Crop Micronutrient Historic Market Size Review by Type (2018-2023)
1.3.3 Global Crop Micronutrient Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Crop Micronutrient Sales Breakdown by Type (2018-2023)
1.4.2 Europe Crop Micronutrient Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Crop Micronutrient Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Crop Micronutrient Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Crop Micronutrient Sales Breakdown by Type (2018-2023)
2 Global Crop Micronutrient Market Competition by Company
2.1 Global Top Players by Crop Micronutrient Sales (2018-2023)
2.2 Global Top Players by Crop Micronutrient Revenue (2018-2023)
2.3 Global Top Players by Crop Micronutrient Price (2018-2023)
2.4 Global Top Manufacturers Crop Micronutrient Manufacturing Base Distribution, Sales Area, Product Type
2.5 Crop Micronutrient Market Competitive Situation and Trends
2.5.1 Crop Micronutrient Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Crop Micronutrient Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Crop Micronutrient as of 2022)
2.7 Date of Key Manufacturers Enter into Crop Micronutrient Market
2.8 Key Manufacturers Crop Micronutrient Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Crop Micronutrient Status and Outlook by Region
3.1 Global Crop Micronutrient Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Crop Micronutrient Historic Market Size by Region
3.2.1 Global Crop Micronutrient Sales in Volume by Region (2018-2023)
3.2.2 Global Crop Micronutrient Sales in Value by Region (2018-2023)
3.2.3 Global Crop Micronutrient Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Crop Micronutrient Forecasted Market Size by Region
3.3.1 Global Crop Micronutrient Sales in Volume by Region (2024-2029)
3.3.2 Global Crop Micronutrient Sales in Value by Region (2024-2029)
3.3.3 Global Crop Micronutrient Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Crop Micronutrient by Application
4.1 Crop Micronutrient Market Segment by Application
4.1.1 Fruits and Vegetables
4.1.2 Cereals and Grains
4.1.3 Oilseeds and Pulses
4.1.4 Floriculture
4.1.5 Others
4.2 Global Crop Micronutrient Market Size by Application
4.2.1 Global Crop Micronutrient Market Size Overview by Application (2018-2029)
4.2.2 Global Crop Micronutrient Historic Market Size Review by Application (2018-2023)
4.2.3 Global Crop Micronutrient Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Crop Micronutrient Sales Breakdown by Application (2018-2023)
4.3.2 Europe Crop Micronutrient Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Crop Micronutrient Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Crop Micronutrient Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Crop Micronutrient Sales Breakdown by Application (2018-2023)
5 North America Crop Micronutrient by Country
5.1 North America Crop Micronutrient Historic Market Size by Country
5.1.1 North America Crop Micronutrient Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Crop Micronutrient Sales in Volume by Country (2018-2023)
5.1.3 North America Crop Micronutrient Sales in Value by Country (2018-2023)
5.2 North America Crop Micronutrient Forecasted Market Size by Country
5.2.1 North America Crop Micronutrient Sales in Volume by Country (2024-2029)
5.2.2 North America Crop Micronutrient Sales in Value by Country (2024-2029)
6 Europe Crop Micronutrient by Country
6.1 Europe Crop Micronutrient Historic Market Size by Country
6.1.1 Europe Crop Micronutrient Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Crop Micronutrient Sales in Volume by Country (2018-2023)
6.1.3 Europe Crop Micronutrient Sales in Value by Country (2018-2023)
6.2 Europe Crop Micronutrient Forecasted Market Size by Country
6.2.1 Europe Crop Micronutrient Sales in Volume by Country (2024-2029)
6.2.2 Europe Crop Micronutrient Sales in Value by Country (2024-2029)
7 Asia-Pacific Crop Micronutrient by Region
7.1 Asia-Pacific Crop Micronutrient Historic Market Size by Region
7.1.1 Asia-Pacific Crop Micronutrient Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Crop Micronutrient Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Crop Micronutrient Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Crop Micronutrient Forecasted Market Size by Region
7.2.1 Asia-Pacific Crop Micronutrient Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Crop Micronutrient Sales in Value by Region (2024-2029)
8 Latin America Crop Micronutrient by Country
8.1 Latin America Crop Micronutrient Historic Market Size by Country
8.1.1 Latin America Crop Micronutrient Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Crop Micronutrient Sales in Volume by Country (2018-2023)
8.1.3 Latin America Crop Micronutrient Sales in Value by Country (2018-2023)
8.2 Latin America Crop Micronutrient Forecasted Market Size by Country
8.2.1 Latin America Crop Micronutrient Sales in Volume by Country (2024-2029)
8.2.2 Latin America Crop Micronutrient Sales in Value by Country (2024-2029)
9 Middle East and Africa Crop Micronutrient by Country
9.1 Middle East and Africa Crop Micronutrient Historic Market Size by Country
9.1.1 Middle East and Africa Crop Micronutrient Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Crop Micronutrient Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Crop Micronutrient Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Crop Micronutrient Forecasted Market Size by Country
9.2.1 Middle East and Africa Crop Micronutrient Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Crop Micronutrient Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 BASF
10.1.1 BASF Company Information
10.1.2 BASF Introduction and Business Overview
10.1.3 BASF Crop Micronutrient Sales, Revenue and Gross Margin (2018-2023)
10.1.4 BASF Crop Micronutrient Products Offered
10.1.5 BASF Recent Development
10.2 Dow
10.2.1 Dow Company Information
10.2.2 Dow Introduction and Business Overview
10.2.3 Dow Crop Micronutrient Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Dow Crop Micronutrient Products Offered
10.2.5 Dow Recent Development
10.3 AkzoNobel
10.3.1 AkzoNobel Company Information
10.3.2 AkzoNobel Introduction and Business Overview
10.3.3 AkzoNobel Crop Micronutrient Sales, Revenue and Gross Margin (2018-2023)
10.3.4 AkzoNobel Crop Micronutrient Products Offered
10.3.5 AkzoNobel Recent Development
10.4 The Mosaic Company
10.4.1 The Mosaic Company Company Information
10.4.2 The Mosaic Company Introduction and Business Overview
10.4.3 The Mosaic Company Crop Micronutrient Sales, Revenue and Gross Margin (2018-2023)
10.4.4 The Mosaic Company Crop Micronutrient Products Offered
10.4.5 The Mosaic Company Recent Development
10.5 Land O'Lakes
10.5.1 Land O'Lakes Company Information
10.5.2 Land O'Lakes Introduction and Business Overview
10.5.3 Land O'Lakes Crop Micronutrient Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Land O'Lakes Crop Micronutrient Products Offered
10.5.5 Land O'Lakes Recent Development
10.6 Helena
10.6.1 Helena Company Information
10.6.2 Helena Introduction and Business Overview
10.6.3 Helena Crop Micronutrient Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Helena Crop Micronutrient Products Offered
10.6.5 Helena Recent Development
10.7 Nufarm
10.7.1 Nufarm Company Information
10.7.2 Nufarm Introduction and Business Overview
10.7.3 Nufarm Crop Micronutrient Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Nufarm Crop Micronutrient Products Offered
10.7.5 Nufarm Recent Development
10.8 AgroLiquid
10.8.1 AgroLiquid Company Information
10.8.2 AgroLiquid Introduction and Business Overview
10.8.3 AgroLiquid Crop Micronutrient Sales, Revenue and Gross Margin (2018-2023)
10.8.4 AgroLiquid Crop Micronutrient Products Offered
10.8.5 AgroLiquid Recent Development
10.9 Agro-K
10.9.1 Agro-K Company Information
10.9.2 Agro-K Introduction and Business Overview
10.9.3 Agro-K Crop Micronutrient Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Agro-K Crop Micronutrient Products Offered
10.9.5 Agro-K Recent Development
10.10 Arrmaz
10.10.1 Arrmaz Company Information
10.10.2 Arrmaz Introduction and Business Overview
10.10.3 Arrmaz Crop Micronutrient Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Arrmaz Crop Micronutrient Products Offered
10.10.5 Arrmaz Recent Development
10.11 Yara
10.11.1 Yara Company Information
10.11.2 Yara Introduction and Business Overview
10.11.3 Yara Crop Micronutrient Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Yara Crop Micronutrient Products Offered
10.11.5 Yara Recent Development
10.12 K+S
10.12.1 K+S Company Information
10.12.2 K+S Introduction and Business Overview
10.12.3 K+S Crop Micronutrient Sales, Revenue and Gross Margin (2018-2023)
10.12.4 K+S Crop Micronutrient Products Offered
10.12.5 K+S Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Crop Micronutrient Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Crop Micronutrient Industrial Chain Analysis
11.4 Crop Micronutrient Market Dynamics
11.4.1 Crop Micronutrient Industry Trends
11.4.2 Crop Micronutrient Market Drivers
11.4.3 Crop Micronutrient Market Challenges
11.4.4 Crop Micronutrient Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Crop Micronutrient Distributors
12.3 Crop Micronutrient Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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