Latin America Agricultural Micronutrients Market to Reach USD 602 Mln by Early 2019, Forecasts MicroMarketMonitor in Report Available at MarketPublish04 May 2016 • by Natalie Aster
LONDON – As of 2013, a value of the agricultural micronutrients marketplace in Latin America almost reached the USD 386 million mark. It is expected to grow by approximately two times by 2019, with growing awareness amongst farmers about agricultural micronutrients’ benefits being one of major reasons for this growth. This market is forecast to be worth more than USD 602 million by early 2019.
On the basis of forms, the non-chelated segment dominates the local marketplace. This can be attributed to a lower cost of such micronutrients.
At present, Latin American manufacturers are concentrating on R&D activities in order to produce new formulations of agricultural micronutrients. Besides, they work on development of innovative application methods to secure efficient delivery of the nutrients.
BASF, AkzoNobel, Haifa Chemicals and Agrium are some of the largest player in the regional space.
Cutting-edge research study “Latin America Agricultural Micronutrients Market” developed by MicroMarketMonitor offers comprehensive examination of the Latin American market for agricultural micronutrients. The report comprises an all-round overview of this marketplace. It investigates industry trends, casts light on drivers and inhibitors of the marketplace.
The study focuses on opportunities and challenges of the Latin American market. The research report examines the marketplace on the basis of applications, types, forms and crop types. It investigates regional markets and limelights the competitive environment. Company profiles, historical and projected figures are on hand in the study, too.
Reasons to Purchase:
- keep abreast of the most recent trends in the Latin American agricultural micronutrients marketplace;
- find out forces driving and restraining growth;
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- get access to information on top competitors;
- learn how the marketplace is set to develop in the years to come.
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