市场调查报告书
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农业微量营养素市场规模、份额、成长分析,按类型、形式、作物类型、应用方法、地区 - 产业预测,2024-2031Agricultural Micronutrients Market Size, Share, Growth Analysis, By Type, By Form, By Crop Type, By Mode of Application, By Region - Industry Forecast 2024-2031 |
2022年全球农业微量营养素市场规模为39亿美元,从2023年的42亿美元成长到2031年的78亿美元,复合年增长率预计为8%。
由于锌、锰和铜等营养素在植物行销和作物营养中发挥的重要作用,农业微量营养素市场正在出现积极增长。儘管土壤养分水平充足,但这些微量营养素的缺乏会阻碍植物生长。最近政府的支持以及微量与前一年同期比较製造商在疫情期间实施的创新策略导致全球销售额年增 2.50%。政府机构越来越多地使用技术,加上对农民的优惠政策,可能会进一步推动对这些产品的需求。例如,印度政府正在利用先进技术加强农业监管,美国已承诺向农民提供140亿美元的额外援助。
Global Agricultural Micronutrients Market size was valued at USD 3.9 billion in 2022 and is poised to grow from USD 4.2 billion in 2023 to USD 7.8 billion by 2031, growing at a CAGR of 8% in the forecast period (2024-2031).
The agricultural micronutrient market is witnessing positive growth, driven by the critical role these nutrients-such as zinc, manganese, and copper-play in plant development and crop nutrition. Despite adequate soil nutrient levels, deficiencies in these micronutrients can hinder plant growth. Recent government support and innovative strategies implemented by micronutrient manufacturers during the pandemic have led to a notable 2.50% increase in global sales compared to the previous year. The rise in technology utilization by government agencies, along with favorable policies for farmers, is likely to further boost demand for these products. For instance, the Indian government is leveraging advanced tech to enhance agricultural monitoring, while the US has pledged an additional USD 14 billion in aid to agricultural producers, enhancing the overall landscape of agricultural micronutrients.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Agricultural Micronutrients market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Agricultural Micronutrients Market Segmental Analysis
Global Agricultural Micronutrients Market is segmented by Type, Form, Crop Type, Mode of Application and region. Based on Type, the market is segmented into Zinc, Boron, Iron, Manganese, Molybdenum, Copper, Manganese, Other Types. Based on Form, the market is segmented into Chelated, Non-Chelated Micronutrients. Based on Crop Type, the market is segmented into Fruits & Vegetables, Cereals & Grains, Oilseeds & Pulses, Other. Based on Mode of Application, the market is segmented into Soil, Foliar, Fertigation, Other. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Global Agricultural Micronutrients Market
The Global Agricultural Micronutrients market is experiencing growth due to several key factors, primarily the need for innovative fertilizers amid diminishing arable land and rising soil contamination in leading agricultural nations. Increased investment in research and development by notable industry players is leading to the creation of cost-effective and efficient micronutrient fertilizers, thus enhancing market dynamics. A prominent example is AgXplore's launch of Microcoat, which combines five vital micro and secondary nutrients, including magnesium, sulfur, manganese, molybdenum, and zinc. This versatile dry fertilizer not only ensures efficient nutrient delivery but also allows dealers to customize mixes with existing phosphorus and potassium fertilizers, further boosting its appeal.
Restraints in the Global Agricultural Micronutrients Market
The Global Agricultural Micronutrients market faces significant restraints due to the widespread overuse of fertilizers, particularly synthetic varieties like nitrogen, phosphorus, potassium, and sulfur. Farmers in both developed and developing countries often favor these conventional fertilizers over organic options, leading to detrimental effects on soil health. Persistent application of conventional fertilizers, coupled with chemical pesticides, contributes to soil degradation, prompting a shift toward natural alternatives. Farmers are increasingly adopting organic fertilizers, such as animal manure, crop residues, and compost, which enhance soil structure, promote microbial activity, and improve nutrient availability while also minimizing environmental harm and protecting ecosystems. This transition highlights the benefits of organic fertilizers for farmers, consumers, and the environment alike.
Market Trends of the Global Agricultural Micronutrients Market
The global agricultural micronutrients market is witnessing a significant upward trend, driven by increasing awareness of soil health among crop growers and a surge in home gardening practices. As the Food and Agriculture Organization (FAO) emphasizes the importance of ecological soil management in enhancing food production, farmers are increasingly investing in soil amendments and micronutrients to ensure sustainable yields. The COVID-19 pandemic has further accelerated the home gardening movement, with individuals recognizing the nutritional benefits of horticultural crops. Consequently, the heightened focus on maintaining soil fertility and the rise of backyard cultivation are propelling the demand for agricultural micronutrients, shaping a dynamic market landscape.