Rising Need to Produce More Boosts the Demand of Agricultural Micronutrients. Zinc Dominated the Agricultural Micronutrients Market in 2018

Agriculture Micronutrients Market by Product Type (Zinc,Copper, Iron, Manganese),Form,Application (Soil,Fertigation,Hydroponics),Crop Type (Cereal,Oil Seed and Pulses, Fruit and Vegetables), By End User (Agriculture,Horticulture,Floriculture)- 2024

Rapid growth in the global population is expected to create pressure on existing farmlands and imposing the applications of micronutrients and fertilizers to enhance crop productivity yield and nutrition level. According to the Population Division of the United Nations Department of Economic and Social Affairs, the global population was 7.6 billion in 2017, and it is further expected to reach nearly 9.8 billion by 2050, growing by 30.9% in the succeeding 33 years. This additional population, of nearly 2.2 billion, is expected to create a supplementary demand for cereal crops, horticultural crops, and cash crops in the coming years. Therefore, such a growing need to enhance the agricultural production is expected to drive the demand for agricultural micronutrients in the upcoming years.

In order to address the growing need of food demand, it has become essential to rise agricultural production by eliminating nutrient deficiencies. In addition, the micronutrient deficiencies can cause plant abnormalities and reduce crop yield, compromising crop productivity and farm income. Therefore, to overcome this, the use of agriculture micronutrients is expected to increase in the future, ultimately driving the growth of the agricultural micronutrients market across the globe.

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Key Players in the Agricultural Micronutrients Market are 

1. BASF SE 

2. Akzo Nobel N.V.

3. Dow DuPont Inc.

4. Agrium Inc.

5. Nufarm Limited

6. Coromandel International Limited

7. Haifa Group

8. Sapec Agro S.A.

9. Yara International ASA

10. The Mosaic Company

11. Helena Agri-Enterprises, LLC

12. Trade Corporation International

13. Valagro SpA

14. Aries Agro Limited

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