Global Agricultural Micronutrients Market will be US$ 10.7 Billion by 2027

According to the latest report by Renub Research, Global Agricultural Micronutrients Market is Forecasted to be more than US$ 10.7 Billion by the end of year 2027.
By: Renub Research
ROSWELL, Ga. - Nov. 16, 2021 - PRLog -- Globally, micronutrients are vital for plant growth and are required in smaller amounts than those of the primary nutrients; nitrogen, phosphorus and potassium. The major micronutrients existing in the global market include boron (B), copper (Cu), iron (Fe), manganese (Mn), molybdenum (Mo) and zinc (Zn), and chloride (Cl), while chloride is a micronutrient whose deficiencies rarely occur in nature. Therefore, discussions on supplying micronutrient fertilizers are confined to the other six micronutrients. Addition, Global Agricultural Micronutrients Market will reach US$ 10.7 Billion by 2027.

Application of Micronutrients with Mixed Fertilizers:

The most popular method of micronutrient application for crops is soil application. Recommended application rates usually are less than 10 lb/acre (on an elemental basis), so the uniform application of micronutrient sources separately in the field is complex. Therefore, both granular and fluid NPK fertilizers are commonly used as carriers of micronutrients. Including micronutrients with mixed fertilizers is a convenient application method and allows more uniform distribution with conventional application equipment. Costs also are reduced by eliminating a separate application. Four modes of applying micronutrients with mixed fertilizers are:
  • Incorporation during manufacture
  • Bulk blending with granular fertilizers
  • Coating onto granular fertilizers
  • Mixing with fluid fertilizers

Some reasons for deficiency are higher crop yields that increase plant nutrient demands, high analyses of NPK fertilizers containing lower quantities of micronutrient contaminants, and decreased use of farmyard manure on many agricultural soils. Hence, micronutrient deficiencies have been verified in many soils through increased soil testing and plant analyses.

Based on form, the overall agriculture micronutrients market is segmented within non-chelated and chelated forms, wherein the Chelated Micronutrients are formed by combining a chelating agent with metal through coordinate bonding. The stability of the metal-chelate bond affects availability to plants of the micronutrient metals, namely copper, iron, manganese, and zinc. However, the increasing application of non-chelated micronutrients is comparatively high because of their low price over chelated form micronutrients.

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