Micronutrients Market – Forecast (2022-2027)

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Micronutrients MarketMarket size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report 2022-2027
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The Micronutrients Market size is estimated to
reach US11.2 billion by 2027, after growing at a
CAGR of 9.5 during the forecast period
2022-2027. Micronutrients play a significant role
in plant growth in fertilization, flower
initiations, disease resistance and fruit set.
Zinc, iron, manganese and chlorine are a few of
the vital micronutrients for the optimum
productivity of plants and development. The
deficit in such micronutrients results in reduced
productivity and defects in plants. Also,
micronutrients are the key dietary elements
required for the proper functioning of the human
body. Micronutrients are the major part of enzyme
systems in plants and play a remarkable role in
redox reactions. These are used for the synthesis
of vitamins and provide the required minerals.
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• Key Takeaways
• The significant increase in demand for boron
  micronutrients owing to its improving functional
  integrity of plant cell membranes is expected to
  provide a significant growth opportunity to
  increase Micronutrients market size in coming
  years.
• The surge in production of cereals and grains is
  driving the growth of micronutrients market. For
  instance, according to the Ministry of
  Agriculture of India, the production of rice
  accounted for 102.36 million tonnes in 2020-21.
• Global increase in agricultural output is
  providing ample growth opportunities for the
  industry players in near future in Micronutrients
  industry. Moreover, an increase in the adoption
  of micronutrients as dietary elements is boosting
  the market growth.

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By Distribution Channel- Segment Analysis The
plant micronutrient segment is expected to grow
at the fastest CAGR of 10.7 during the forecast
period in the Micronutrients Market.
Micronutrients are an essential element for
normal plant growth. Most of the soil provides
the required nutrition to the plants, however,
changes in agricultural methods need the external
dose of micronutrients. Boron is considered one
of the most important nutrients needed for
membrane stability which supports the integrity
of plant cell membranes. These are used for the
synthesis of vitamins and provide the required
minerals. It can be used for a wide variety of
crops such as peach, soybean, corn, tobacco,
grains, cotton and sunflower among many others.
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• Micronutrients Industry Outlook 
• BASF SE
• AkzoNobel
• Nufarm
• Nutrien Ltd.
• Yara International ASA
• Coromandel International Limited
• Corteva Inc.
• Western Nutrients Corporation
• The Mosaic Company
• Nouryon

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Micronutrients Market Forecast (2022 - 2027)
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utrients-market.html
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