Food & Agriculture Trends

The agricultural micronutrients market is estimated to reach USD 6.9 billion by 2028, driven by the crucial role these essential mineral elements play in promoting plant growth and development. Major players in this industry contribute significantly to the advancement of modern agricultural practices, ensuring optimal crop health and yield. Among these key players are BASF SE (Germany), Yara International (Norway), and Coromandel International Limited (India). Download PDF Brochure BASF SE (Germany) BASF SE, a global leader in chemical manufacturing, offers a diverse portfolio of liquid and solid chelated micronutrients under its Agricultural Solutions business segment. With an extensive global presence and a commitment to innovation and sustainability, BASF serves the agricultural needs of various regions, making notable contributions to the enhancement of agriculture practices and crop quality. The company operates across 91 countries, with 239 production sites worldwide, ensuring a...

The global agricultural micronutrients market size is projected to grow from USD 4.3 Billion in 2022 to USD 6.4 Billion by 2027, recording a compound annual growth rate (CAGR) of 8.6% during the forecast period. The rise in the global population, leads to rise in need for food security across the globe majorly in developing and underdeveloped countries in the world. These key factors that are projected to drive the growth of the agricultural micronutrients market during the forecast period. Download PDF Brochure By type, the zinc segment is projected to dominate the agricultural micronutrients market during the forecast period. Soil nutrient deficiencies of zinc are vastly recorded in regions of Asia (India, China, and Indonesia), sub-Saharan Africa and the northwestern region of South America. According to a report on “Scarcity of micronutrients in soil, feed, food, and mineral reserves” by “The Platform for Agriculture, Innovation & Society,” an estimated 800,000 people die every...

The global  agricultural micronutrients market  is estimated to be valued at USD 3.6 billion in 2020 and is projected to reach a value of USD 5.4 billion by 2025, growing at a CAGR of 8.7% during the forecast period. Factors such as the rise in micronutrient deficiencies in the soil and growing awareness about food security are projected to drive the growth of the agricultural micronutrients market. Download PDF Brochure By crop type, the fruits & vegetables segment is projected to be the fastest-growing segment in the agricultural micronutrients market during the forecast period. The trend of consuming fruits has witnessed a growth in the past two decades, and this trend is projected to continue in the coming years. According to the FAO, the global production levels of the fruits and the vegetables has raised from 108 hundred metric tons in 2007 to 141 hundred metric tons in 2017. The increasing exports of fruits & vegetables have also led to an increase in the crop p...