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Agricultural Micronutrients Market by Products, Companies, Forecast By 2027
Agricultural Micronutrients Market is expected to be US$ 10.7 Billion by 2027. Global Forecast by Products(Boron, Copper, Iron, Molybdenum, Zinc, & Others), Forms, Crops, Regions, Company Analysis.
By: Renub Research
The demand for agricultural micronutrients also depends on the type of deficiency found in cereals, fruits and vegetables, pulses and oilseeds, etc. Consumers mostly prefer cereals in countries like the Asia Pacific and South America. With the rise in the economy in developing nations, agro scientists apply new agricultural practices, and uses of high-quality agricultural produce are factors propelling the use of micronutrients in cereals. Micronutrients also help in reducing the risk of blindness, mental retardation and death during childbirth. These properties mentioned above anticipated being key factors driving the global market growth over the forecast period. In addition to this factors such as increased chemical fertilizer, mining of micronutrients, and extensive irrigation facilities propel the global micronutrient market. As per this research report, Global Crop Micronutrients Market is expected to grow with a CAGR of 7.62% during 2020-2027.
According to national geography, by the end of 2050, there will be two billion more mouths to feed; in total, there will be more than nine billion people on the planet. Micronutrients support an increasing level of crop production with less harmful impacts on the environment. In a day, these nutrients are required less than 100 milligrams in soil and humans. The micronutrient market can broadly be segmented into boron, iron, copper, manganese, molybdenum, zinc, cobalt, and chromium based on product types. According to our research zinc segment is anticipated to hold the highest market due to the increasing number of benefits offered. According to Renub Research, The Agricultural Micronutrients Market is expected to be US$ 10.7 Billion by 2027.
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