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Agricultural Micronutrients Market Share

  • Report ID: GMI10712
  • Published Date: Aug 2024
  • Report Format: PDF

Agricultural Micronutrients Market Share

Companies, including Basf SE, Nouryon, Nufarm, Yara International ASA, Coromandel International Limited are increasing their market foothold by investing heavily in R&D. Leading companies in the agricultural micronutrients industry, such as BASF SE, Nouryon, Nufarm, Yara International ASA, and Coromandel International Limited, are adopting various strategies to maintain competitive advantage and drive growth. These strategies include extensive investment in research and development to innovate and enhance micronutrient formulations for better efficacy and environmental sustainability. They are also expanding their product portfolios through strategic acquisitions and partnerships, enabling access to new markets and technologies. Emphasis on digital farming solutions and precision agriculture is another key strategy, improving nutrient application efficiency. Additionally, these companies focus on educational initiatives to raise awareness and train farmers on the benefits and proper use of micronutrients, fostering market expansion.
 

Agricultural Micronutrients Market Companies

Top companies operating in the industry include:

  • BASF SE
  • Nouryon
  • Nufarm
  • Yara International ASA
  • Coromandel International Limited
  • Land O’lakes, Inc.
  • Helena AgriEnterprises, LLC
  • The Mosaic Company
  • Haifa Negev Technologies Ltd.
  • Nutrien Ltd.
  • Koch Agronomic Services, LLC
     
Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The agricultural micronutrients industry was worth USD 4.6 billion in 2023 and will grow at 7.3% CAGR between 2024 and 2032, driven by increasing global food demand, adoption of precision agriculture and sustainable farming practices.

The agricultural micronutrients market from the cereals and grains application segment will reach USD 3.7 billion by 2032, primarily due to their critical role in global food security and high production volumes.

North America agricultural micronutrients industry size will record 7.1% CAGR through 2032, propelled by advanced agricultural infrastructure and high adoption rates of precision farming technologies.

BASF SE, Nouryon, Nufarm, Yara International ASA, Coromandel International Limited, Land O’lakes, Inc., Helena AgriEnterprises, LLC, The Mosaic Company, Haifa Negev Technologies Ltd., Nutrien Ltd., and Koch Agronomic Services, LLC, among others.

Agricultural Micronutrients Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 11
  • Tables & Figures: 172
  • Countries covered: 22
  • Pages: 200
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