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Micronutrient Market by Type (Zinc, Manganese, Boron, Copper, Molybdenum, Iron), Form (Chelated & Non Chelated), Application Mode (Soil, Foliar, Fertigation), Crop Type & Geography - Global Trends and Forecast to 2018

March 2014 | 273 pages | ID: MF0EEAF50EDEN
MarketsandMarkets

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The essential elements needed by plants are known as micronutrients; they are required in trace amounts. Although they are in small quantity, they are as important as macronutrients. Micronutrients include copper (Cu), boron (B), manganese (Mn), chlorine (Cl), iron (Fe), molybdenum (Mo), and zinc (Zn). They have acquired a lot of attention in the agriculture in recent years. Now it is possible to give plants added micronutrients by using foliar sprays and supplements designed for better plant health. If the supply of one or more of these elements is inadequate, yields will be reduced and the quality of crop products will be affected.

For micronutrients to be essential for plants, they need to satisfy three criteria: (1) the plant cannot grow and reproduce normally without the element, (2) its action must be specific and unable to be replaced by any other micronutrient, and (3) its action must be direct. The agriculture micronutrients market has gained worldwide importance in the recent past due to its effectiveness in terms of quality and productivity of crops. Zinc deficiency is the most abundant micronutrient problem throughout the world which is affecting many crops, including the staples namely, rice, corn, and wheat. Boron deficiency is the second-most widespread micronutrient problem. Copper deficiency is important in some parts of the world, such as Europe and Australia. Iron deficiency is important in some regions, especially those in with Mediterranean climate and calcareous soils. The deficiency in micronutrients content results in stunted growth, withering of buds, yellowing of leaves, etc.

This research classifies the global agriculture micronutrients market on the basis of types, application modes, forms, crop types, and geography. Soil, foliar, and fertigation are the three application modes of agriculture micronutrients. Soil application has the largest share in the global agriculture micronutrients market. The micronutrients can be applied in chelated or non-chelated form. Non-chelated micronutrients form has dominated the global market compared to the chelated micronutrients.

FIGURE 1 AGRICULTURE MICRONUTRIENTS MARKET SHARE, BY GEOGRAPHY, 2012 Source: MarketsandMarkets Analysis

The North American agriculture micronutrients market is anticipated to show potential growth in the next five years. The largest global agriculture micronutrients market is for zinc. The market is anticipated to flourish in the next five years. With the huge market potential and growth, the market is likely to witness a significant change in the industry.

The report provides complete analysis of the world’s leading players in the agriculture micronutrients industry, with a clear insight and commentary on the developments and trends. Major demand in the agriculture micronutrients market is anticipated to come from countries like China, U.S., Canada, Indonesia, Poland, Italy, Brazil, India, etc. The report provides complete exploration on the existing segment of the industry and the competitive approaches adopted by the major players in the agriculture micronutrients industry.
1 INTRODUCTION

1.1 OBJECTIVES
1.2 ANALYST INSIGHTS
1.3 REPORT DESCRIPTION
1.4 MARKET SEGMENTS & MARKET ASPECTS COVERED
1.5 STAKEHOLDERS
1.6 REPORT ASSUMPTIONS
  1.6.1 PERIODIZATION CONSIDERED
1.7 RESEARCH METHODOLOGY
  1.7.1 MARKET SIZE ESTIMATION
  1.7.2 MARKET BREAKDOWN & DATA TRIANGULATION
  1.7.3 KEY DATA TAKEN FROM SECONDARY SOURCES
  1.7.4 KEY DATA TAKEN FROM PRIMARY SOURCES

2 EXECUTIVE SUMMARY

3 MARKET OVERVIEW

3.1 DEFINITION OF MICRONUTRIENTS
3.2 EVOLUTION
3.3 MARKET STATISTICS
  3.3.1 AGRICULTURAL MICRONUTRIENTS MARKET SHARE ANALYSIS BY COMPANY, 2013
3.4 RELATED MARKETS
  3.4.1 NITROGENOUS (N) FERTILIZERS
  3.4.2 PHOSPHATIC FERTILIZERS
  3.4.3 POTASH FERTILIZERS
3.5 COMPLEMENTARY MARKETS
  3.5.1 ORGANIC FERTILIZERS MARKET

4 INDUSTRY ANALYSIS

4.1 INTRODUCTION
4.2 SUPPLY CHAIN ANALYSIS OF AGRICULTURAL MICRONUTRIENTS MARKET
4.3 CORE INDUSTRY SEGMENTS
  4.3.1 MICRONUTRIENTS MANUFACTURERS

5 MARKET ANALYSIS

5.1 INTRODUCTION
5.2 BURNING ISSUE
  5.2.1 REGISTRATION OF MICRONUTRIENT PRODUCTS
  5.2.2 PERCEIVED HIGH COST OF MICRONUTRIENTS
5.3 WINNING IMPERATIVES
  5.3.1 NEW PRODUCT DEVELOPMENT
  5.3.2 EDUCATING & ENCOURAGING FARMERS TO USE MICRONUTRIENTS
5.4 MARKET DYNAMICS
  5.4.1 DRIVERS
    5.4.1.1 Increasing Micronutrient Deficiency
    5.4.1.2 Shrinkage In Agricultural Land Area
    5.4.1.3 Effectiveness On Crop Yield &Productivity
    5.4.1.4 Macronutrient Antagonism
  5.4.2 RESTRAINTS
    5.4.2.1 Lack Of Awareness Amongst Farmers
    5.4.2.2 Critical Application Doses
  5.4.3 OPPORTUNITIES
    5.4.3.1 Technological Development
    5.4.3.2 Increase In Contract Farming
5.5 PORTER’S FIVE FORCES ANALYSIS
  5.5.1 DEGREE OF COMPETITION
  5.5.2 BARGAINING POWER OF SUPPLIERS
  5.5.3 BARGAINING POWER OF BUYERS
  5.5.4 THREAT OF NEW ENTRANTS
  5.5.5 THREAT OF SUBSTITUTES

6 PREMIUM INSIGHTS

6.1 MOLYBDENUM: DOMINATING THE MICRONUTRIENTS MARKET
6.2 ASIA-PACIFIC: DOMINATING THE MARKET BY GEOGRAPHY
6.3 CEREALS: FASTEST GROWING AGRICULTURAL MICRONUTRIENTS MARKET
6.4 ASIA-PACIFIC: LEADING AGRICULTURAL MICRONUTRIENTS MARKET
6.5 ROW: EMERGING AGRICULTURAL MICRONUTRIENTS MARKET
6.6 OILSEEDS&PULSES: UPCOMING MARKET
6.7 MOLYBDENUM: A KEY MICRONUTRIENT
6.8 SOIL APPLICATION: THE MAJOR FORM OF APPLICATION

7 AGRICULTURAL MICRONUTRIENTS MARKET, BY APPLICATION MODE

7.1 INTRODUCTION
  7.1.1 MICRONUTRIENTS: AS IMPORTANT AS MACRONUTRIENTS
  7.1.2 SOIL (DIRECT): THE MOST COMMONLY USED METHOD
  7.1.3 NUTRITION APPLICATION MATRIX
  7.1.4 FERTIGATION: GRADUALLY GROWING APPLICATION MODE
  7.1.5 OTHER MODES OF APPLICATION
  7.1.6 LIMITATIONS OF SOIL
    7.1.6.1 Soil Application: Commonly Used in Asia-Pacific
7.2 FOLIAR APPLICATION
  7.2.1 MORE UNIFORM RESULTS THAN SOIL APPLICATION METHOD
    7.2.1.1 Asia-Pacific: Largest Market for Foliar Application
7.3 FERTIGATION
  7.3.1 A RECENT TECHNIQUE IN AGRICULTURAL MICRONUTRIENTS MARKET
  7.3.2 CROP & SOIL TYPES USING FERTIGATION
    7.3.2.1 North America: Anticipated to Show Significant Growth in Fertigation Application
7.4 OTHERS
  7.4.1 SEED TREATMENT
  7.4.2 HYDROPONICS

8 AGRICULTURAL MICRONUTRIENTS MARKET, BY CROP TYPE

8.1 INTRODUCTION
  8.1.1 REQUIREMENT OF AGRICULTURAL MICRONUTRIENTS, BY CROP TYPE
  8.1.2 UPTAKE OF SECONDARY NUTRIENTS & MICRONUTRIENTS BY CROPS
    8.1.2.1 Zinc: High Deficiency in Cereals
8.2 CEREALS
  8.2.1 GLOBAL AREA UNDER AGRICULTURE
    8.2.1.1 North American Micronutrients Consumption of Cereals Growing Significantly
8.3 OILSEEDS & PULSES
  8.3.1 AREA UNDER OILSEEDS & PULSES
    8.3.1.1 Deficiency Affects Yield and Quality of Agriculture Produce
    8.3.1.2 RoW is Projected to Show Second-highest Growth in Micronutrient Consumption in Oilseeds & Pulses
8.4 FRUITS & VEGETABLES
  8.4.1 CROPS UNDER FRUITS & VEGETABLES
  8.4.2 FUNCTIONS OF MICRONUTRIENTS IN GROWTH OF LEAVES
    8.4.2.1 North America: Second-largest Consumer of Micronutrients for Fruits & Vegetables
8.5 OTHERS
  8.5.1 FLORICULTURE MORE PREVALENT IN EUROPE
  8.5.2 MICRONUTRIENTS REQUIREMENT IN PASTURES

9 AGRICULTURAL MICRONUTRIENTS MARKET, BY GEOGRAPHY

9.1 INTRODUCTION
9.2 NORTH AMERICA
  9.2.1 NORTH AMERICA: MARKET ESTIMATES, BY COUNTRY
  9.2.2 U.S.
  9.2.3 CANADA
  9.2.4 MEXICO
9.3 EUROPE
  9.3.1 U.K.
  9.3.2 SPAIN
  9.3.3 ITALY
  9.3.4 GERMANY
  9.3.5 FRANCE
  9.3.6 POLAND
9.4 ASIA-PACIFIC
  9.4.1 CHINA
  9.4.2 INDIA
  9.4.3 AUSTRALIA
  9.4.4 NEW ZEALAND
9.5 ROW
  9.5.1 BRAZIL
  9.5.2 ARGENTINA
  9.5.3 SOUTH AFRICA

10 AGRICULTURAL MICRONUTRIENTS MARKET, BY TYPE

10.1 INTRODUCTION
  10.1.1 ESSENTIAL MICRONUTRIENTS
  10.1.2 MOLYBDENUM: LARGEST VALUE MARKET
  10.1.3 ZINC: VITAL COMPONENT
10.2 ZINC
  10.2.1 FUNCTIONS OF ZINC IN CROP GROWTH
    10.2.1.1 North America: Fastest growing market for zinc
    10.2.1.2 Asia-Pacific: Biggest Consumer Of Zinc
10.3 COPPER
  10.3.1 FUNCTIONS OF COPPER IN PLANT GROWTH
    10.3.1.1 Asia-Pacific: Contributes 37% to global micronutrients market in value
    10.3.1.2 Europe: Second Largest Market for Copper
10.4 IRON
  10.4.1 FUNCTIONS OF IRON IN CROP GROWTH
    10.4.1.1 North America: Fastest Growing Market by Value and Volume
10.5 MANGANESE
  10.5.1 FUNCTIONS OF MANGANESE IN PLANT GROWTH
10.6 BORON
  10.6.1 BORON REQUIREMENT BY MAJOR CROPS
  10.6.2 BORON DEFICIENCY IN MAJOR CROPS
  10.6.3 FUNCTIONS OF BORON IN PLANT GROWTH
    10.6.3.1 Boron Consumption Projected to Grow in the North American Region
10.7 MOLYBDENUM
  10.7.1 FUNCTIONS OF MOLYBDENUM IN PLANT GROWTH
    10.7.1.1 Asia-Pacific: Largest Molybdenum Market
10.8 OTHERS
  10.8.1 CHLORINE
    10.8.1.1 Functions of Chlorine in Plant Growth

11 AGRICULTURAL MICRONUTRIENTS MARKET, BY FORM

11.1 INTRODUCTION
    11.1.1.1 Sulfate Salts of Micronutrients
      11.1.1.1.1 Comparison of chelated and non-chelated micronutrients
    11.1.1.2 Chelated Micronutrients Contribute 18% (Value) to Global Micronutrients Market
11.2 CHELATED
  11.2.1 CHELATES: BEST RESULTS IN ALKALINE SOIL
  11.2.2 TYPES OF ORGANIC MATERIAL
    11.2.2.1 Manganese Chelates: Fastest Growing Form of Micronutrients
    11.2.2.2 Iron Chelates Capture 51% of Total Chelated Micronutrients Market Volume
11.3 NON-CHELATED MICRONUTRIENTS
  11.3.1 SULFATE SALTS
  11.3.2 OXIDES
11.4 NORTH AMERICA
  11.4.1 COMPETITIVE MICRONUTRIENTS MARKET
  11.4.2 U.S.: CHANGING TREND IN MICRONUTRIENTS USAGE
  11.4.3 CHELATED MICRONUTRIENTS: FASTEST GROWING MARKET, IN TERMS OF VALUE& VOLUME
11.5 EUROPE
  11.5.1 DIVERSE LAND
  11.5.2 INCREASING AWARENESS ABOUTMICRONUTRIENT USAGE
  11.5.3 CHELATED MICRONUTRIENTS: FASTEST & LARGEST MARKET IN EUROPE
11.6 ASIA-PACIFIC
  11.6.1 LEADING GEOGRAPHY IN MICRONUTRIENTS CONSUMPTION
  11.6.2 NON-CHELATED MICRONUTRIENTS: HIGHLY CONSUMED
    11.6.2.1 Non-chelated Micronutrients Contribute 5% to Asia-PacificMicronutrients Market
    11.6.2.2 Chelated Micronutrients Market Showing Significant Growth
11.7 ROW
  11.7.1 VARIOUS CONDITIONS IN ROW
  11.7.2 LIMITED USE OF MICRONUTRIENTS IN SOME STATES OF SOUTH AFRICA& SOUTH AMERICA

12 COMPETITIVE LANDSCAPE

12.1 INTRODUCTION
12.2 ACQUISITIONS & AGREEMENTS: MOST PREFERRED STRATEGIC APPROACH
12.3 MAXIMUM DEVELOPMENTS IN 2013
12.4 AKZO NOBEL N.V.: MOST ACTIVE COMPANY

13 COMPANY PROFILES (COMPANY AT A GLANCE, RECENT FINANCIALS, PRODUCTS & SERVICES, STRATEGIES & INSIGHTS, & RECENT DEVELOPMENTS)

13.1 AGRIUM INC.
13.2 AKZONOBEL N.V.
13.3 AURIGA INDUSTRIES A/S
13.4 BASF SE
13.5 COROMANDEL INTERNATIONAL LTD.
13.6 HAIFA CHEMICALS LTD.
13.7 SAPEC SA
13.8 THE MOSAIC COMPANY
13.9 VALAGRO
13.10 YARA INTERNATIONAL ASA (Details on company at a glance, recent financials, products & services, strategies & insights, & recent developments might not be captured in case of unlisted companies.)

LIST OF TABLES

Table 1 Agricultural Micronutrients Products Market Estimation
Table 2 Agricultural Micronutrients Market Size, 2012–2019, ($Million) & (’000 Mt)
Table 3 Evolution of Micronutrients
Table 4 List of Companies &Their Products
Table 5 Functions of Micronutrients In Cropgrowth
Table 6 Relative Responsiveness of Selected Crops to Micronutrients
Table 7 Critical & Marginal Levels of Micronutrients Application
Table 8 Nutrition Application Matrix
Table 9 Agricultural Micronutrients Market Size, By Application Mode, 2012–2019 ($Million)
Table 10 Agricultural Micronutrients Market Size, By Application Mode, 2012–2019 (’000 Mt)
Table 11 Soil Application: Agricultural Micronutrients Market Size, By Geography, 2012–2019 ($Million)
Table 12 Soil Application: Agricultural Micronutrients Market Size, By Geography, 2012–2019 (’000 Mt)
Table 13 Foliar Application: Agricultural Micronutrients Market Size, By Geography, 2012–2019 ($Million)
Table 14 Foliar Application: Agricultural Micronutrients Market Size, By Geography, 2012–2019 (’000 Mt)
Table 15 Fertigation: Agricultural Micronutrients Market Size, By Geography, 2012–2019 ($Million)
Table 16 Fertigation: Agricultural Micronutrients Market Size, By Geography, 2012–2018 (’000 Mt)
Table 17 Others: Agricultural Micronutrients Market Size, By Geography, 2012–2019 ($Million)
Table 18 Others: Agricultural Micronutrients Market Size, By Geography, 2012–2019 (’000 Mt)
Table 19 Micronutrient & Secondary Nutrient Uptake By Crops
Table 20 Agricultural Micronutrients Market Size, By Crop Type, 2012–2019 ($Million)
Table 21 Agricultural Micronutrients Market Size, By Crop Type, 2012-2019 (’000 Mt)
Table 22 Cereals: Agricultural Micronutrients Market Size, By Geography, 2012–2019 ($Million)
Table 23 Cereals: Agricultural Micronutrients Market Size, By Geography, 2012–2019 (’000 Mt)
Table 24 Oilseeds & Pulses: Agricultural Micronutrients Market Size, By Geography, 2012–2019 ($Million)
Table 25 Oilseeds & Pulses: Agricultural Micronutrients Market Size, By Geography, 2012–2019 (’000 Mt)
Table 26 Fruits & Vegetables: Agricultural Micronutrients Market Size, By Geography, 2012–2019 ($Million)
Table 27 Fruits &Vegetables: Agricultural Micronutrients Market Size, By Geography, 2012–2019 (’000 Mt)
Table 28 Others: Agricultural Micronutrients Market Size, By Geography, 2012–2019 ($Million)
Table 29 Others: Agriculture Micronutrients Market Size, By Geography, 2012–2019 (’000 Mt)
Table 30 Agricultural Micronutrients Market Size, By Geography, 2012–2019 ($Million)
Table 31 Agricultural Micronutrients Market Size, By Geography, 2012–2019 (‘000 Mt)
Table 32 North America: Agricultural Micronutrients Market Size, By Country, 2012–2019 ($Million)
Table 33 North America: Agricultural Micronutrients Market Size, By Country, 2012–2019 (’000 Mt)
Table 34 U.S.: Agricultural Micronutrients Market Size, By Type, 2012–2019 ($Million)
Table 35 U.S.: Agricultural Micronutrients Market Size, By Type, 2012–2019 (’000 Mt)
Table 36 Canada: Agricultural Micronutrients Market Size, By Type, 2012–2019 ($Million)
Table 37 Canada: Agricultural Micronutrients Market Size, By Type, 2012–2019 (’000 Mt)
Table 38 Mexico: Agricultural Micronutrients Market Size, By Type, 2012–2019 ($Million)
Table 39 Mexico: Agricultural Micronutrients Market Size, By Type, 2012–2019 (’000 Mt)
Table 40 Europe: Agricultural Micronutrients Market Size, By Country, 2012–2019 ($Million)
Table 41 Europe: Agricultural Micronutrients Market Size, By Countriy, 2012–2019 (’000 Mt)
Table 42 U.K.: Agricultural Micronutrients Market Size, By Type, 2012–2019 ($Million)
Table 43 U.K: Agricultural Micronutrients Market Size, By Type , 2012–2019 (’000 Mt)
Table 44 Spain: Agricultural Micronutrients Market Size, By Type, 2012–2019 ($Million)
Table 45 Spain: Agricultural Micronutrients Market Size, By Type, 2012–2019 (’000 Mt)
Table 46 Italy: Agricultural Micronutrients Market Size, By Type, 2012–2019 ($Million)
Table 47 Italy: Agricultural Micronutrients Market Size, By Type, 2012–2019 (’000 Mt)
Table 48 Germany: Agricultural Micronutrients Market Size, By Type, 2012–2019 ($Million)
Table 49 Germany: Agricultural Micronutrients Market Size, By Type, 2012–2019 (’000 Mt)
Table 50 France: Agricultural Micronutrients Market Size, By Type, 2012–2019 ($Million)
Table 51 France: Agricultural Micronutrients Market Size, By Type, 2012–2019 (’000 Mt)
Table 52 Poland: Agricultural Micronutrients Market Size, By Type, 2012–2019 ($Million)
Table 53 Poland: Agricultural Micronutrients Market Size, By Type, 2012–2019 (’000 Mt)
Table 54 Asia-Pacific: Agricultural Micronutrients Market Size, By Countries, 2012–2019 ($Million)
Table 55 Asia-Pacific: Agricultural Micronutrients Market Size, By Country, 2012–2019 (’000 Mt)
Table 56 China: Agricultural Micronutrients Market Size, By Type, 2012–2019 ($Million)
Table 57 China: Agricultural Micronutrients Market Size, By Type, 2012–2019 (’000 Mt)
Table 58 India: Agricultural Micronutrients Market Size, By Type, 2012–2019 ($Million)
Table 59 India: Agricultural Micronutrients Market Size, By Type, 2012–2019 (’000 Mt)
Table 60 Australia: Agricultural Micronutrients Market Size, By Type, 2012–2019 ($Million)
Table 61 Australia: Agricultural Micronutrients Market Size, By Type, 2012–2019 (’000 Mt)
Table 62 New Zealand: Agricultural Micronutrients Market Size, By Type, 2012–2019 ($Million)
Table 63 New Zealand: Agricultural Micronutrients Market Size, By Type, 2012–2019 (’000 Mt)
Table 64 ROW: Agricultural Micronutrients Market Size, By Country, 2012–2019 ($Million)
Table 65 ROW: Agricultural Micronutrients Market Size, By Country, 2012–2019 (’000 Mt)
Table 66 Brazil: Agricultural Micronutrients Market Size, By Type, 2012–2019 ($Million)
Table 67 Brazil: Agricultural Micronutrients Market Size, By Type, 2012–2019 (’000 Mt)
Table 68 Argentina: Agricultural Micronutrients Market Size, By Type, 2012–2019 ($Million)
Table 69 Argentina: Agricultural Micronutrients Market Size, By Type, 2012–2019 (’000 Mt)
Table 70 South Africa: Agricultural Micronutrients Market Size, By Type, 2012–2019 ($Million)
Table 71 South Africa: Agricultural Micronutrients Market Size, By Type, 2012–2019 (’000 Mt)
Table 72 Agricultural Micronutrients Market Size, By Type, 2012-2019 ($Million)
Table 73 Agricultural Micronutrients Market Size, By Type, 2012-2019 ('000 Mt)
Table 74 Zinc: Agricultural Micronutrients Market Size, By Geography, 2012-2019, ($Million)
Table 75 Zinc: Agricultural Micronutrients Market Size, By Geography, 2012-2019, ('000 Mt)
Table 76 Copper: Agricultural Micronutrients Market Size, By Geography, 2012–2019 ($Million)
Table 77 Copper: Agricultural Micronutrients Market Size, By Geography, 2012–2019 (’000 Mt)
Table 78 Iron: Agricultural Micronutrients Market Size, By Geography, 2012–2019 ($Million)
Table 79 Iron: Agricultural Micronutrients Market Size, By Geography, 2012–2019 ('000 Mt)
Table 80 Manganese: Agricultural Micronutrients Market Size, By Geography, 2012–2019 ($Million)
Table 81 Manganese: Agricultural Micronutrients Market Size, By Geography, 2012–2019 (’000 Mt)
Table 82 Boron Requirement By Major Crops
Table 83 Boron Deficiency Symptoms Observed in Major Crops
Table 84 Boron: Agricultural Micronutrients Market Size, By Geography, 2012–2019 ($Million)
Table 85 Boron: Agricultural Micronutrients Market Size, By Geography, 2012–2019 (’000 Mt)
Table 86 Molybdenum: Agricultural Micronutrients Market Size, By Geography, 2012–2019 ($Million)
Table 87 Molybdenum: Agricultural Micronutrients Market Size, By Geography, 2012–2019 (’000 Mt)
Table 88 Others: Agricultural Micronutrients Market Size, By Geography, 2012–2019 ($Million)
Table 89 Others: Agricultural Micronutrients Market Size, By Geography, 2012–2019 (’000 Mt)
Table 90 Micronutrients, By Form, Solubility, & Content
Table 91 Agricultural Micronutrients Market Size, By Form, 2012–2019 ($Million)
Table 92 Agricultural Micronutrients Market Size, By Form, 2012–2019 (’000 Mt)
Table 93 Chelated Micronutrients Market Size,By Type, 2012–2019($Million)
Table 94 Chelated Micronutrients Market Size,By Type, 2012–2019 (’000 Mt)
Table 95 North America: Agricultural Micronutrientsmarketsize, By Form, 2012–2019($Million)
Table 96 North America: Agricultural Micronutrients Market Size, By Form, 2012–2019('000 Mt)
Table 97 Europe: Agricultural Micronutrients Market Size,By Form, 2012–2019($Million)
Table 98 Europe: Agricultural Micronutrients Market Size, By Form, 2012–2019(’000 Mt)
Table 99 Asia-Pacific: Agricultural Micronutrientsmarket Size, By Form, 2012–2019($Million)
Table 100 Asia-Pacific: Agricultural Micronutrients Market Size, By Form, 2012–2019(’000 Mt)
Table 101 ROW: Agricultural Micronutrients Market Size, By Form, 2012–2019($Million)
Table 102 ROW: Agricultural Micronutrients Market Size, By Form, 2012–2019('000 Mt)
Table 103 Acquisitons, 2010-2014
Table 104 Agreements, 2010-2014
Table 105 Expansions, 2010-2014
Table 106 New Product Launches, 2010-2014
Table 107 Investments & Divestments, 2010-2014
Table 108 Agrium Inc.: Products & Their Description
Table 109 Akzonobel N.V.: Products & Their Description
Table 110 Auriga Industries A/S: Products & Their Description
Table 111 BASF SE: Products & Their Description
Table 112 Coromandel: Products & Their Description
Table 113 Haifa: Products & Their Description
Table 114 Sapec: Products & Their Description
Table 115 The Mosaic Company: Products & Their Description
Table 116 Valagro: Products & Their Description
Table 117 Yara International ASA: Products & Their Description

The report “Micronutrient Market by Type (Zinc, Manganese, Boron, Copper, Molybdenum, Iron), Form (Chelated & Non Chelated), Application Mode (Soil, Foliar, Fertigation), Crop Type & Geography - Global Trends and Forecast to 2018”, defines and segments the global agriculture micronutrients market with an analysis and forecasting of the global value and volume for agriculture micronutrients.

The agriculture micronutrient market is estimated to grow at a CAGR of 6% from 2013 to 2018, reaching 1,335.4 thousand MT by 2018.

Global demand for agriculture micronutrients has increased due to increased deficiency of micronutrients in soil and shrinkage in agricultural land. Micronutrients’ application in crops improves the crop quality and productivity. The micronutrient deficiency in plants cannot be identified easily and results in stunted growth or low productivity of crops. Micronutrient deficiency in soil has increased due to intensive agricultural practices, land degradation, and extensive use of macronutrient-based fertilizers. The global agriculture micronutrients market has shown tremendous growth over the last five years. Zinc, boron, and manganese held maximum share of the global agriculture micronutrients market in 2012. The global agriculture micronutrients market in 2012 was led by APAC. Different modes of micronutrient applications are used by farmers, namely, soil application, foliar application, fertigation, seed treatment, and hydroponics. Soil application has the largest market share of 56% of the total application mode in the agriculture micronutrients market. Micronutrient availability in soil changes with the soil type, climate, cropping pattern, and agriculture techniques. The requirement of micronutrients depends on the type of soil and crop. Seed treatment and hydroponics are relatively new methodologies for farmers across the globe. The micronutrients can be applied in a chelated or non-chelated form. Non-chelated micronutrient form dominated the global market in 2012. Cereals, fruit, and vegetables consume the largest share of the agriculture micronutrients market.

The market was led by APAC in 2012, which was estimated to be $2,170.7 million in 2012 and is forecasted to grow at a CAGR of 8.3% from 2013 to 2018. North America is estimated to grow at a CAGR of 8.9% to reach $1,366.1 million by 2018. Europe is predicted to grow at a CAGR of 5.5% from 2013 to 2018 to reach $822.3 million by 2018. ROW is anticipated to grow at a CAGR of 8.2% from 2013 to 2018.



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