Albany, NY -- (SBWIRE) -- 07/17/2017 -- Agricultural micronutrients are vital nutrients, which are required in trace amounts, to control certain physiological activities in crops to increase the yield and improve quality. The deficiency of these micronutrients causes deterioration in the growth rate, withering of buds, and yellowing of leaves in crops. Molybdenum, manganese, boron, zinc, copper, and iron are the most commonly used agricultural micronutrients.
The global agricultural micronutrients market to grow at a CAGR of 8.43% during the period 2016-2020. The purpose of application of agricultural micronutrients is not constant globally; it differs with the crop type and soil type. These micronutrients serve the following purposes.
- Increasing the land productivity
- Improving the quality of the crops
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The market is divided into the following segments based on geography:
- North America
- South and Central America
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Technavio's report, Global Agricultural Micronutrients Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
- Bayer CropScience
- Yara International
Other prominent vendors
- AGSpec Asia
- Archer Daniels Midland
- Chambal Fertilisers and Chemicals
- Coromandel International
- Sinochem Group
- Zuari Agro Chemicals
- Haifa Chemicals
- Rise in global food demand
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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