Asia Pacific Agricultural Micronutrients Market Forecast 2017-2025
KEY FINDINGS The Asia-Pacific agricultural micronutrient market is expected to propel ahead with a CAGR growth of 8.98%, between the years 2017-2025. The market revenue for this forecast period is predicted to increase from $2.83 billion in the base year 2016 and reach $6.16 billion by the end of 2025.
MARKET INSIGHTS Most of the countries in the Asia-Pacific region are undergoing a makeover in terms of rapid urbanization and economic progress. This has led to a shortage of arable land cover, consequently increasing the demand for fertilizer nutrients to compensate for the yield. The agricultural micronutrient market is highly fragmented. Its segments include mode of applications, micronutrient type, and crop type. However, the high cost of agricultural micronutrients and the lack of knowledge regarding their use is likely to hinder the market growth in this region.
COMPETITIVE INSIGHTS Bayer CropScience Ag, Adama Agricultural Solutions Ltd, Coromandel International Limited Yara International Asa, Nutra-Flo Company (K- Flo), Haifa Chemicals Ltd, FMC Corporation, BASF, The Dow Chemical Company, and SAPEC are some of the noted players in this market.