Albany NY, United States, May 13, 2022 (GLOBE NEWSWIRE) -- Analysts at TMR estimate the agricultural micronutrients market to expand at a CAGR of 8% during the forecast period from 2020 to 2030. Increasing need to use agricultural micronutrients for depleting soil quality to prevent low crop yield or low quality of agricultural yield is fuelling the growth of global market for agricultural micronutrients.

Micronutrient deficiency is a global phenomenon but differs based on soil condition, climate, rainfall, and other environmental conditions. Declining availability of arable land due to overuse of agricultural land has stimulated the demand for agricultural micronutrients. Excess use of fertilizers such as phosphate that obstructs the availability of zinc, iron, and copper from soil for agricultural crop is compelling the use of micronutrients.

Micronutrients play an important role in sustainable crop production. The balanced use of soil treatment products is likely to help increase the availability of agricultural land and serve the growing demand for food. This opens growth prospects for agricultural micronutrients market.

Asia Pacific held the leading share of agricultural micronutrients market in 2019. Increase in demand for food for the exploding population in some countries and increasing prevalence of micronutrient deficiency boosts the agricultural micronutrients market in the region. High prevalence of deficiency of zinc, iron, and boron in developing countries related to erosion of soil nutrients due to drought, flood, and application of fertilizers with lower quantity micronutrients are some key factors driving the use of agricultural micronutrients in the region.

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Agricultural micronutrients Market – Key Findings of the Report

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Agricultural micronutrients Market – Growth Drivers

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Agricultural micronutrients Market – Key Players

Some of the key players operating in the agricultural micronutrients market are;

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The agricultural micronutrients market is segmented as follows;

Agricultural Micronutrients Market, by Product Type

Agricultural Micronutrients Market, by Region

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