The market for agriculture micronutrients was valued $4.8 Billion in 2014, and is projected to reach $7.6 Billion by 2020, at a CAGR of 8.1%. In 2014, the Asia-Pacific region was the largest market and is projected to reach $4.1 Billion by 2020. This region is also the fastest-growing market and is projected to grow at a CAGR of 8.3% during the period under review.
Pune, India -- (SBWIRE) -- 01/07/2016 -- The report "Agriculture Micronutrient Market - Global Trends and Forecast to 2020" defines and segments the agricultural micronutrients market with an analysis of current demand and forecasted consumption in terms of volume and value. It also identifies the driving and restraining factors for the global agricultural micronutrients market with an analysis of trends, opportunities, winning imperatives, and challenges. The market is segmented on the basis of types and applications for agricultural micronutrients.
Browse 95 market tables and 74 figures spread through 196 pages and an in-depth TOC on "Agriculture Micronutrient Market - Global Trends and Forecast to 2020"
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The market is segmented and revenues are forecasted on the basis of major regions such as North America, Europe, Asia-Pacific, and Rest of the World (RoW). The key countries are covered and their market sizes have been forecasted for each region. Further, the market is segmented and revenues are forecasted on the basis of applications.
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Global Agricultural Micronutrients Market is projected to grow at a CAGR of 8.1% to reach $7.6 Billion by 2020.
The agricultural micronutrients market is driven by the increased global micronutrient deficiency in soil and shrinkage in the world's agricultural land. Acquisition and agreement formed the most-preferred strategy, among the key players, to attract and retain new customers, globally. These players focused on acquiring local players of the emerging markets to expand their business on a global scale and sustain in the competition prevailing in the market. New product launches also helped key players in strengthening their product portfolio.
The enormous benefits of agricultural micronutrients are projected to drive its market globally. Its increasing end-use applications and increasing food products because of the growing population are major driving factors of agricultural micronutrients market.
The report includes development strategies and product portfolio of the leading companies such as Agrium Inc. (Canada), AkzoNobel (The Netherlands), Yara International Ltd (Norway), BASF SE (Germany), Agrium Inc. (Canada), and Auriga Industries Ltd (Denmark). Other players include The Mosaic Company (U.S.), Coromandel International Ltd (India), Haifa Chemicals Ltd (Israel), Sapec SA (Spain), and Valagro (Italy).
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