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US Agricultural Micronutrients Market Research Report Forecast to 2030

Publisher Market Research Future
Published Jan 10, 2024
Length 99 Pages
SKU # RESFT18414182

Description

US Agricultural Micronutrients Market Research Report Forecast to 2030



The US agricultural micronutrients market demonstrates a steady growth trajectory, driven by the increasing awareness of micronutrient deficiencies in soil and crops. Farmers are increasingly adopting micronutrient-enriched fertilizers to enhance crop yields and quality. The market is characterized by a competitive landscape, with key players focusing on research and development to introduce innovative products. Rising demand for high-value crops and sustainable agriculture practices further fuels the market's expansion. However, challenges such as complex regulatory frameworks and limited consumer awareness hinder the market's full potential.

The US agricultural micronutrients market was valued at USD 975.75 million in 2022 and is expected to reach USD 1,603.77 million by 2030, registering a CAGR of 6.42% over the forecast duration.

The US agricultural micronutrients market encompasses a vital segment of the agricultural industry focused on enhancing crop growth and productivity through the application of essential trace elements. Micronutrients, consisting of elements such as zinc, iron, copper, manganese, and boron, are indispensable for plants' overall health and development, despite being required in small quantities. These micronutrients play a crucial role in various metabolic processes, enzyme activation, and overall plant physiological functions, ensuring optimal growth, disease resistance, and nutrient utilization.

Over the years, the recognition of the significance of micronutrients in maintaining soil fertility and achieving higher yields has driven the growth of this market. Agricultural practices, coupled with advancements in scientific research, have led to the formulation of targeted micronutrient solutions that cater to specific crop needs and soil conditions. The US agricultural micronutrients market not only aids farmers in tackling nutrient deficiencies but also contributes to sustainable agriculture by promoting efficient resource utilization.

Market Segmentation

Based on application, the US Agricultural Micronutrients market is segmented into Soil, Foliar, Fertigation, and Seed Treatment. Based on form, the US Agricultural Micronutrients market is segmented into Solid and Liquid.

Based on Chelation, the market is divided into Chelated and Non-Chelated. Based on end use, the US Agricultural Micronutrients market is segmented into Cereals & Grains, Fruits & Vegetables, Oilseeds & Pulses, and Others. Based on distribution channel, the market is segmented into Online and Offline.

Major Players

These include BASF SE, Nouryon, Nutrien Ag Solutions, Inc., Helena Agri-Enterprises, LLC, Haifa Group, Compass Minerals, Syngenta, ATP Nutrition, The Mosaic Company, and Yara International ASA.

Companies Mentioned

BASF SE
Nouryon
Nutrien Ag Solutions
Inc.
Helena Agri-Enterprises
LLC
Haifa Group
Compass Minerals
Syngenta
ATP Nutrition
The Mosaic Company
and Yara International ASA

Table of Contents

99 Pages
1 Executive Summary 12
1.1 Us Agricultural Micronutrients Market, By Type 15
1.2 Us Agricultural Micronutrients Market, By Mode Of Application 16
1.3 Us Agricultural Micronutrients Market, By Form 17
1.4 Us Agricultural Micronutrients Market, By Chelation 18
1.5 Us Agricultural Micronutrients Market, By End Use 19
1.6 Us Agricultural Micronutrients Market, By Distribution Channel 20
2 Market Introduction 21
2.1 Definition 21
2.2 Scope Of The Study 21
2.3 Market Structure 22
2.4 Key Buying Criteria 23
3 Research Methodology 24
3.1 Research Process 24
3.2 Primary Research 25
3.3 Secondary Research 26
3.4 Market Size Estimation 26
3.5 Top-down & Bottom-up Approach 27
3.6 Forecast Model 28
3.7 List Of Assumptions 29
4 Market Dynamics 30
4.1 Introduction 30
4.2 Drivers 31
4.2.1 Increasing Demand For High-quality Crops 31
4.2.2 Rising Focus On Crop Rotation And Sustainable Farming Practices 31
4.2.3 Drivers Impact Analysis 32
4.3 Restraints 32
4.3.1 Rising Organic Fertilizer Industry 32
4.3.2 Complex Application Processes 33
4.3.3 Restraints Impact Analysis 33
4.4 Opportunities 34
4.4.1 Crop-specific Nutrient Formulations 34
4.4.2 Precision Agriculture Technologies Integration 34
4.5 Challenges 35
4.5.1 Cost And Affordability 35
4.5.2 Imbalanced Fertilization And Lack Of Awareness 35
4.6 Impact Of Covid-19 On The Global Economy 36
4.7 Impact Of Covid-19 On The Us Agricultural Micronutrients Market 36
4.8 Supply Chain Impact 37
4.8.1 Impact On Manufacturer/Developer 37
4.8.2 Impact On Component/Services Supplier 37
4.8.3 Impact On Distribution/Logistics 37
5 Market Factor Analysis 38
5.1 Supply/Value Chain Analysis 38
5.1.1 Raw Material Acquisition And Production 39
5.1.2 Manufacturing And Formulation 39
5.1.3 Packaging, Labeling, And Distribution 39
5.1.4 Application And Utilization 39
5.2 Porter’s Five Forces Model 40
5.2.1 Threat Of New Entrants 41
5.2.2 Bargaining Power Of Suppliers 41
5.2.3 Bargaining Power Of Buyers 41
5.2.4 Threat Of Substitutes 41
5.2.5 Intensity Of Rivalry 41
6 Us Agricultural Micronutrients Market, By Type 42
6.1 Overview 42
6.1.1 Us Agricultural Micronutrients Market Estimates & Forecast, By Type, 2020–2030 43
6.2 Zinc 44
6.3 Boron 44
6.4 Iron 44
6.5 Manganese 45
6.6 Molybdenum 45
6.7 Nickle 45
6.8 Chloride 46
6.9 Copper 46
6.10 Blends/Mixes 46
7 Us Agricultural Micronutrients Market, By Mode Of Appliation 47
7.1 Overview 47
7.1.1 Us Agricultural Micronutrients Market Estimates & Forecast, By Application, 2020–2030 48
7.2 Soil 48
7.3 Foliar 49
7.4 Fertigation 49
7.5 Seed Treatment 49
8 Us Agricultural Micronutrients Market, By Form 50
8.1 Overview 50
8.1.1 Us Agricultural Micronutrients Market Estimates & Forecast, By Form, 2020–2030 51
8.2 Solid 52
8.3 Liquid 52
9 Us Agricultural Micronutrients Market, By Chelation 53
9.1 Overview 53
9.1.1 Us Agricultural Micronutrients Market Estimates & Forecast, By Chelation, 2020–2030 54
9.2 Chelated 54
9.3 Non-chelated 54
10 Us Agricultural Micronutrients Market, By End Use 55
10.1 Overview 55
10.1.1 Us Agricultural Micronutrients Market Estimates & Forecast, By End Use, 2020–2030 56
10.2 Cereals & Grains 56
10.3 Fruits & Vegetables 57
10.4 Oilseeds & Pulses 57
10.5 Others 57
11 Us Agricultural Micronutrients Market, By Distribution Channel 58
11.1 Overview 58
11.1.1 Us Agricultural Micronutrients Market Estimates & Forecast, By Distribution Channel,
2020–2030 59
11.2 Online 59
11.3 Offline 60
12 Competitive Landscape 61
12.1 Competitive Overview 61
12.2 Competitive Benchmarking 62
12.3 Major Players In The Us Agricultural Micronutrients Market 63
12.4 Leading Players In Terms Of The Number Of Developments In The Us Agricultural
Micronutrients Market 63
12.5 Key Developments & Growth Strategies 64
12.5.1 Contracts And Agreements 64
12.5.2 Product Launch/Product Development 64
12.5.3 Expansion/Acquisition/Partnership 65
13 Company Profiles 66
13.1 Basf Se 66
13.1.1 Company Overview 66
13.1.2 Financial Overview 67
13.1.3 Products Offered 68
13.1.4 Key Developments 68
13.1.5 Swot Analysis 69
13.1.6 Key Strategies 69
13.2 Nouryon 70
13.2.1 Company Overview 70
13.2.2 Financial Overview 70
13.2.3 Products Offered 70
13.2.4 Key Developments 71
13.2.5 Swot Analysis 71
13.2.6 Key Strategies 71
13.3 Nutrien Ag Solutions, Inc. 72
13.3.1 Company Overview 72
13.3.2 Financial Overview 73
13.3.3 Products Offered 73
13.3.4 Key Developments 74
13.3.5 Swot Analysis 74
13.3.6 Key Strategies 74
13.4 Helena Agri-enterprises, Llc 75
13.4.1 Company Overview 75
13.4.2 Financial Overview 75
13.4.3 Products/Services Offered 75
13.4.4 Key Developments 75
13.4.5 Swot Analysis 76
13.4.6 Key Strategies 76
13.5 Haifa Group 77
13.5.1 Company Overview 77
13.5.2 Financial Overview 77
13.5.3 Products/Services Offered 77
13.5.4 Key Developments 78
13.5.5 Swot Analysis 79
13.5.6 Key Strategies 79
13.6 Compass Minerals 80
13.6.1 Company Overview 80
13.6.2 Financial Overview 81
13.6.3 Products/Services Offered 81
13.6.4 Key Developments 82
13.6.5 Swot Analysis 82
13.6.6 Key Strategies 83
13.7 Syngenta 84
13.7.1 Company Overview 84
13.7.2 Financial Overview 85
13.7.3 Products/Services Offered 85
13.7.4 Key Developments 86
13.7.5 Swot Analysis 86
13.7.6 Key Strategies 86
13.8 Atp Nutrition 87
13.8.1 Company Overview 87
13.8.2 Financial Overview 87
13.8.3 Products/Services Offered 87
13.8.4 Key Developments 88
13.8.5 Swot Analysis 88
13.8.6 Key Strategies 88
13.9 The Mosaic Company 89
13.9.1 Company Overview 89
13.9.2 Financial Overview 90
13.9.3 Products Offered 91
13.9.4 Key Developments 91
13.9.5 Swot Analysis 92
13.9.6 Key Strategies 92
13.10 Yara International Asa 93
13.10.1 Company Overview 93
13.10.2 Financial Overview 94
13.10.3 Products Offered 95
13.10.4 Key Developments 95
13.10.5 Swot Analysis 96
13.10.6 Key Strategies 96
14 Appendix 97
14.1 References 97
List Of Tables
Table 1 List Of Assumptions 29
Table 2 Us Agricultural Micronutrients Market Estimates & Forecast, By Type, 2020–2030 (Usd Million) 43
Table 3 Us Agricultural Micronutrients Market Estimates & Forecast, By Application, 2020–2030 (Usd Million) 48
Table 4 Us Agricultural Micronutrients Market Estimates & Forecast, By Form, 2020–2030 (Usd Million) 51
Table 5 Us Agricultural Micronutrients Market Estimates & Forecast, By Chelation, 2020–2030 (Usd Million) 54
Table 6 Us Agricultural Micronutrients Market Estimates & Forecast, By End Use, 2020–2030 (Usd Million) 56
Table 7 Us Agricultural Micronutrients Market Estimates & Forecast, By Distribution Channel, 2020–2030
(Usd Million) 59
Table 8 Major Players In The Us Agricultural Micronutrients Market 63
Table 9 The Most Active Players In The Us Agricultural Micronutrients Market 63
Table 10 Contracts And Agreements 64
Table 11 Product Launch/Product Development 64
Table 12 Expansion/Acquisition/ Partnership 65
Table 13 Basf Se: Products Offered 68
Table 14 Basf Se: Key Developments 68
Table 15 Nouryon: Products Offered 70
Table 16 Nouryon: Key Developments 71
Table 17 Nutrien Ag Solutions, Inc.: Products Offered 73
Table 18 Helena Agri-enterprises, Llc: Products/Services Offered 75
Table 19 Haifa Group: Products/Services Offered 77
Table 20 Haifa Group: Key Developments 78
Table 21 Compass Minerals: Products/Services Offered 81
Table 22 Compass Minerals: Key Developments 82
Table 23 Syngenta: Products Offered 85
Table 24 Atp Nutrition: Products/Services Offered 87
Table 25 The Mosaic Company: Products Offered 91
Table 26 The Mosaic Company: Key Developments 91
Table 27 Yara International Asa: Products Offered 95
Table 28 Yara International Asa: Key Developments 95
List Of Figures
Figure 1 Market Synopsis 14
Figure 2 Us Agricultural Micronutrients Market Analysis By Type 15
Figure 3 Us Agricultural Micronutrients Market Analysis By Mode Of Application 16
Figure 4 Us Agricultural Micronutrients Market Analysis By Form 17
Figure 5 Us Agricultural Micronutrients Market Analysis By Chelation 18
Figure 6 Us Agricultural Micronutrients Market Analysis By End Use 19
Figure 7 Us Agricultural Micronutrients Market Analysis By Distribution Channel 20
Figure 8 Us Agricultural Micronutrients Market: Market Structure 22
Figure 9 Key Buying Criteria Of Agricultural Micronutrients 23
Figure 10 Research Process Of Mrfr 24
Figure 11 Dro Analysis Of The Us Agricultural Micronutrients Market 30
Figure 12 Drivers Impact Analysis: Agricultural Micronutrients Market 32
Figure 13 Restraints Impact Analysis: Agricultural Micronutrients Market 33
Figure 14 Supply / Value Chain: Us Agricultural Micronutrients Market 38
Figure 16 Us Agricultural Micronutrients Market, By Type, 2022 (% Share) 42
Figure 17 Us Agricultural Micronutrients Market, By Type, 2020–2030 (Usd Million) 43
Figure 18 Us Agricultural Micronutrients Market, By Application, 2022 (% Share) 47
Figure 19 Us Agricultural Micronutrients Market, By Application, 2020–2030 (Usd Million) 48
Figure 20 Us Agricultural Micronutrients Market, By Form, 2022 (% Share) 50
Figure 21 Us Agricultural Micronutrients Market, By Form, 2020–2030 (Usd Million) 51
Figure 22 Us Agricultural Micronutrients Market, By Chelation, 2022 (% Share) 53
Figure 23 Us Agricultural Micronutrients Market, By Chelation, 2020–2030 (Usd Million) 53
Figure 24 Us Agricultural Micronutrients Market, By End Use, 2022 (% Share) 55
Figure 25 Us Agricultural Micronutrients Market, By End Use, 2020–2030 (Usd Million) 56
Figure 26 Us Agricultural Micronutrients Market, By Distribution Channel, 2022 (% Share) 58
Figure 27 Us Agricultural Micronutrients Market, By Distribution Channel, 2020–2030 (Usd Million) 58
Figure 28 Benchmarking Of Major Competitors 62
Figure 29 Basf Se: Financial Overview Snapshot 67
Figure 30 Basf Se: Swot Analysis 69
Figure 31 Nouryon: Swot Analysis 71
Figure 32 Nutrien Ag Solutions, Inc.: Financial Overview Snapshot 73
Figure 33 Nutrien Ag Solutions, Inc.: Swot Analysis 74
Figure 34 Helena Agri-enterprises, Llc: Swot Analysis 76
Figure 35 Haifa Group: Swot Analysis 79
Figure 36 Compass Minerals: Financial Overview Snapshot 81
Figure 37 Compass Minerals: Swot Analysis 82
Figure 38 Syngenta: Financial Overview Snapshot 85
Figure 39 Syngenta: Swot Analysis 86
Figure 40 Atp Nutrition: Swot Analysis 88
Figure 41 The Mosaic Company: Financial Overview Snapshot 90
Figure 42 The Mosaic Company: Swot Analysis 92
Figure 43 Yara International Asa: Financial Overview Snapshot 94
Figure 44 Yara Internationl Asa: Swot Analysis 96

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