Deerfield Beach, FL -- (SBWIRE) -- 08/10/2017 -- Zion Market Research has published a new report titled "Micronutrients (Boron, Copper, Iron, Manganese, Molybdenum, Zinc and Others) Market by Crop Type (Cereals, Pulses & Oilseeds, Fruits & Vegetables and Others) for Fertigation, Foliar, Soil, Seed Treatment and Hydroponics Application: Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2020". According to report, the global micronutrient market was valued at approximately USD 4.75 billion in 2014 and is expected to reach approximately USD 7.75 billion by 2020, growing at a CAGR of slightly above 8.0% between 2015 and 2020. In terms of volume, global micronutrient market stood at 1,050.0 kilo tons in 2014.

The report covers forecast and analysis for the micronutrients market on a global and regional level. The study provides historic data of 2014 along with a forecast from 2015 to 2020 based on both volume (kilo tons) and revenue (USD million). The study includes drivers and restraints of the micronutrients market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the micronutrients market on a global level.

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In order to give the users of this report a comprehensive view on the micronutrients market, we have included a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter's five forces model for the micronutrients market has also been included. The study encompasses a market attractiveness analysis, wherein product segments are benchmarked based on their market size, growth rate, and general attractiveness.

The micronutrients market is segmented on the basis of different crop types such as cereals, pulses and oilseeds, fruits & vegetables and others. Cereal further segmented into wheat, barley, maize and oats among others. This segment accounted for a very large chunk of market share in 2014. Pulses and oilseeds were another leading segment and constitute 29.0% of market share in 2014. Fruits and vegetables are another key outlet for micronutrients and expected to witness rapid growth over the forecast period.

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The study provides a decisive view on the micronutrients market by segmenting the market based on products, crop type, applications, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2014 to 2020. Based on products, micronutrients market can segment into boron, copper, iron, manganese, molybdenum, zinc and others. The micronutrients market is segmented on the basis of different crop types such as cereals, pulses & oilseeds, fruits & vegetables, and others. Key application markets covered under this study includes fertigation, foliar, soil, seed treatment and hydroponics. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa with its further bifurcation into major countries including U.S., Germany, France, UK, China, Japan, India, and Brazil.

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The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global micronutrients market Aries Agro, Arysta LifeScience, Wolf Trax, Inc., Agrium, AkzoNobel, BASF, Mosaic, Yara International, Wilbur-Ellis Company, BMS Micronutrients, Cheminova, Tradecorp International, Haifa Chemicals and BASF. The detailed description of players includes parameters such as company overview, financial overview, business strategies and recent developments of the company.

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