Agriculture Micronutrients Market: Global Market Estimation, Dynamics, Regional

Posted by saikrishna on May 29th, 2018

Agriculture Micronutrients Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2023

Market Outline: Agriculture Micronutrients Market

Micronutrients are the essential elements for plants, which are required in very small quantities. Micronutrients are the fundamental input in agriculture to improve the quality and yield of agriculture products. Most commonly used agriculture micronutrients include Boron, Zinc, Copper, Manganese, Iron, Molybdenum, Nickel, and among others. Micronutrients perform a different function for the development and growth of plant and required less than a pound per acre. Due to lack of these micronutrients, critical functions of the plant are limited and result in the plant abnormities, lower yield, and reduced growth of plant.

Market Dynamics: Agriculture Micronutrients Market

Rise in global population and decrease in the arable land, increase in the soil deficiency due to soil and water pollution, rise in demand for biofuels, and growing demand for quality food products with better yields are fuelling the agriculture micronutrients market. Moreover, innovation of newer products, shrinkage in agriculture land due to rise in population, and deficiency of micronutrients in agriculture land due to rise in usage of chemical fertilizers anticipated to propel the agriculture micronutrients market over the forecast period. However, lack of awareness regarding proper application and appropriate dosage of agriculture micronutrients in undeveloped countries and high cost of the products expected to restrain the agriculture micronutrients market over the forecast period.

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https://www.precisionbusinessinsights.com/market-reports/agriculture-micronutrients-market/#ulp-4H8Z4LpNMLEuOnnx

Market Scope: Agriculture Micronutrients Market

Agriculture micronutrients market is segmented on the basis of product type, micronutrient type, crop type, and mode of application

Based on the product type, agriculture micronutrients market is segmented into the following:

• Chelated products
• Non-chelated products

Based on the micronutrient type, agriculture micronutrients market is segmented into the following:

• Iron
• Copper
• Zinc
• Magnesium
• Molybdenum
• Manganese
• Boron
• Others

Based on the crop type, agriculture micronutrients market is segmented into the following:

• Cereals
• Oilseeds and pulses
• Vegetables and fruits
• Others

Based on the mode of application, agriculture micronutrients market is segmented into the following:

• Foliar
• Soil
• Fertigation