The global micronutrient fertilizers market is anticipated to grow at a considerable CAGR of 7.5% during the forecast period (2021-2027). The increasing implementation of various technologies such as artificial intelligence (AI) and others by government agencies incorporating supportive policies to support farmers and fuel the food & nutrition security in the several countries is one of the major factors projected to drive the growth of the micronutrient fertilizers market. For instance, Soil Health Card (SHC) is a Government of India's scheme promoted by the Department of Agriculture & Co-operation under the Ministry of Agriculture and Farmers' Welfare. It is being implemented through the Department of Agriculture of all the State and Union Territory Governments. SHC is a printed report that a farmer will be handed over for each of his holdings. It will include the status of his soil with respect to 12 parameters, namely N, P, K (Macro-nutrients); S (Secondary- nutrient); Zn, Fe, Cu, Mn, Bo (Micro - nutrients); and pH, EC, OC (Physical parameters). Based on this, the SHC will also show fertilizer recommendations and soil amendment required for the farm.
Browse the full report description of "Global Micronutrient Fertilizers Market Size, Share & Trends Analysis Report by Nutrient (Zinc, Manganese, Copper, Boron, Molybdenum, Iron, and Others), by Form (Chelated Micronutrient and Non-Chelated Micronutrient), by Crop Type (Cereals & Grains, Fruits & Vegetables, Pulses & Oilseeds, and Others), and by Application (Soil, Foliar, Fertigation, Seed treatment, and Others), Forecast (2021-2027)" at https://www.omrglobal.com/industry-reports/micronutrient-fertilizers-market
Further, in November 2021, Lucent BioSciences, Inc. closed $4.2M in investments from Emmertech, Amathaon, SVG Ventures, WUTIF Capital, Vantec/eFund and Vancouver-based angel investors. Lucent is driven by accelerating the transition of agriculture to sustainability. Lucent Bio has developed a novel patent-pending fertilizer for agriculture that uses cellulose fiber as a delivery agent. The product improves yield and soil health, is carbon neutral, non-polluting, and sustainable.
Market Coverage
• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered-
o By Nutrient
o By Form
o By Crop Type
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including Yara International ASA, BASF SE, The Mosaic Company, Coromandel International Ltd., INDIAN FARMERS FERTILISER COOPERATIVE LTD., and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Micronutrient Fertilizers Market Report Segment
By Nutrient
• Zinc
• Manganese
• Copper
• Boron
• Molybdenum
• Iron
• Other Nutrients (Nickel and Chlorine)
By Form
• Chelated Micronutrient
• Non-Chelated Micronutrient
By Crop Type
• Cereals & Grains
• Fruits & Vegetables
• Pulses and Oilseeds
• Others (Turfs, ornamentals, plantation crops, forages, and fiber crops)
By Application
• Soil
• Foliar
• Fertigation
• Seed treatment
• Others (Trunk injection and implantation)
Global Micronutrient Fertilizers Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa