Global Agriculture Micronutrients Market, 2016 - 2024
Persistence Market Research
Global Agriculture Micronutrients Market is Expected to be Valued at US$ 13,344.2 Mn by 2024: Persistence Market Research
Persistence Market Research
1
Global Agriculture Micronutrients Market, 2016 - 2024 Persistence Market Research Released New Market Report According to a new market report published by Persistence Market Research “Global Market Study on Agriculture Micronutrients: Established Players Are Focusing to Strengthen Partnerships along the Value Chain to Gain Better Market Access over the Forecast Period 2016 - 2024,� the global agriculture micronutrients market was valued at US$ 6,576.9 Mn in 2015 and is anticipated to expand at a CAGR of 8.3% from 2016 to 2024, to reach a market value of US$ 13,344.2 Mn by 2024.
Currently, the agriculture micronutrients market is mainly driven by factors such as increasing the need for effective fertilizers due to poor soil quality and high demand for quality and uniform yield, due to increasing population across the globe. However, factors such as lack of awareness among farmers in developing countries regarding dosage and proper application of micronutrients are the major factor expected to restrain the growth of the global agriculture micronutrients market during the forecast period.
View Detail Report With TOC: http://www.persistencemarketresearch.com/marketresearch/agriculture-micronutrients-market.asp
The global agriculture micronutrients market is anticipated to expand at a CAGR of 8.3% in terms of revenue from 2016 to 2024, to reach a market value of US$ 13,344.2 Mn by 2024.
The agriculture micronutrients market is segmented on the basis of region into North America, Latin America, Europe, Asia-Pacific, and the Middle East and Africa. The Asia Pacific agriculture micronutrients market is expected to be the highest contributor to the overall global agriculture micronutrients market in terms of value share, followed by North America, by 2015 end. The MEA agriculture micronutrients market is expected to be the fastest growing market over the forecast period (2016–2024). Growth of the Asia Pacific agriculture micronutrients market is primarily attributed to the increasing agriculture contribution towards GDP. Moreover, rise in demand for effective fertilizers due to poor soil quality is also expected to support growth of the Asia Pacific agriculture micronutrients market over the forecast period. The North America agriculture micronutrients is expected to expand at a CAGR of 7.9% in terms of value over the forecast period (2016-2024). The Europe agriculture micronutrients market is expected to witness moderate growth over the forecast period,
Persistence Market Research
2
Global Agriculture Micronutrients Market, 2016 - 2024 accounting for 13.7% value share of the overall market in 2015, and expanding at a moderate CAGR of 7.2% in terms of value over the forecast period (2016–2024).
The report provides detailed information about various market trends and offers analysis and insights into the potential of the agriculture micronutrients market globally. Furthermore, the agriculture micronutrients market is segmented on the basis of product type into boron, copper, iron, manganese, molybdenum, zinc, and others. The zinc product type segment is expected to be the highest contributor to the agriculture micronutrients market in terms of value share, followed by the boron segment by 2016 end. The molybdenum product type segment is expected to be the fastest growing segment in the overall market over the forecast period (2016–2024). The segment is expected to expand at a CAGR of 10.2% over the forecast period in terms of revenue.
On the basis of application, the global agriculture micronutrients market is segmented into fertigation, foliar, soil, seed treatment and others.
Request Brochure of this Report: http://www.persistencemarketresearch.com/samples/3825
Key players in the global agriculture micronutrients market include ADAMA Agricultural Solutions Ltd., Agrium Inc., Akzo Nobel N.V., Auriga Industries A/S, BASF SE, Bayer Crop, Compass Minerals International Inc., E. I. DUPONT DE NEMOURS AND COMPANY, Land O’Lakes Inc. Monsanto Co., Nufarm Limited, Sumitomo Chemical Co., Ltd., Syngenta International AG, The Dow Chemical Co., The Mosaic Company, Yara International ASA, ATP Nutrition, Baicor, L.C., Brandt Consolidated Inc., Grow More Inc., Kay-Flo, Micnelf USA Inc., Nutra-Flo Company (K- Flo), Stoller USA, Inc., Verdesian Life Sciences, LLC, Merck KGaA, and Sigma-Aldrich Corporation.
Market Bytes: According to this report analysis, agriculture micronutrients are gaining popularity globally for obtaining better yield output. The global agriculture micronutrients market value is anticipated to increase from US$ 6,576.9 Mn in 2015 to US$ 13,344.2 Mn by 2024,
Persistence Market Research
3
Global Agriculture Micronutrients Market, 2016 - 2024 expanding at a CAGR of 8.3% during the forecast period (2016–2024). Increasing need for effective fertilizers due to poor soil quality and high demand for quality and uniform yield in view of the increasing population across the globe are factors anticipated to drive the growth of the agriculture micronutrients market over the forecast period. Demand for agriculture micronutrients across the globe is growing steadily and can be attributed to the various benefits associated with them. The major benefits that they offer include the fact that they help to improve a quality of soil used for agriculture and to increase the production of biofuel crops. Growing contribution of agriculture in GDP is further fueling the growth of the agriculture micronutrients market currently.
One of the major restraints for a growth of the agriculture micronutrients market is the lack of awareness among farmers in developing countries regarding appropriate dosage and proper application of micronutrients, thereby limiting its demand. This factor is anticipated to restrain the growth of the agriculture micronutrients market over the forecast period.
In 2015, among the various product type segments, the zinc product type segment was valued at US$ 2,504.7 Mn and it is estimated to reach a market value of US$ 2,697.5 Mn by the end of 2016. The boron product type segment was valued at US$ 953.6 Mn in 2015 and is estimated to reach US$ 1,034.1 Mn by the end of 2016.
In 2015, the soil application segment accounted for 47.6% value share of the overall market, which is expected to rise up to 48.7% by the end of 2024.
In terms of volume, the Asia Pacific agriculture micronutrients market dominated the overall market in 2015, and it is expected to continue to dominate the market over the forecast period between 2016 and 2024 as well, as compared to other regions. In terms of value, the Asia Pacific agriculture micronutrients market is anticipated to expand at a CAGR of 9.0% during 2016 to 2024.
The price of agriculture micronutrients is forecast on the basis of the historic price trend and several other factors, including production, demand, import & export, and end-stock of agriculture micronutrients.
Persistence Market Research
4
Global Agriculture Micronutrients Market, 2016 - 2024 Key players in the global agriculture micronutrients market include ADAMA Agricultural Solutions Ltd., Agrium Inc., Akzo Nobel N.V., Auriga Industries A/S, BASF SE, Bayer Crop, Compass Minerals International Inc., E. I. DUPONT DE NEMOURS AND COMPANY, Land O’Lakes Inc. Monsanto Co., Nufarm Limited, Sumitomo Chemical Co., Ltd., Syngenta International AG, The Dow Chemical Co., The Mosaic Company, Yara International ASA, ATP Nutrition, Baicor, L.C., Brandt Consolidated Inc., Grow More Inc., Kay-Flo, Micnelf USA Inc., Nutra-Flo Company (K- Flo), Stoller USA, Inc., Verdesian Life Sciences, LLC, Merck KGaA, and Sigma-Aldrich Corporation.
About Us: Persistence Market Research (PMR) is a full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.
Contact Us: Persistence Market Research 305 Broadway 7th Floor, New York City, NY 10007, United States, USA - Canada Toll Free: 800-961-0353
Persistence Market Research
5
Global Agriculture Micronutrients Market, 2016 - 2024 Email: sales@persistencemarketresearch.com Web: http://www.persistencemarketresearch.com
Persistence Market Research
6