The Asia Pacific Crop Micronutrients Market would witness market growth of 7.7% CAGR during the forecast period (2022-2028).
As organic matter decomposes, it becomes a reservoir for critical plant nutrients, continuously delivering these nutrients to the crop. This reservoir is particularly significant for anions like boron, which do not bond to soil particles and hence are susceptible to lose. Micronutrient deficits are unusual in soils that receive frequent additions of organic wastes such as manures. Deficits induced by nutrient imbalances, such as a manganese deficit caused by an overabundance of phosphorus in too manured soils, are an exception. Very high organic matter soils, like muck or peat soils, are another exception. Some micronutrients, particularly copper, manganese, and zinc, can become inaccessible in these soils due to high natural chelation (the combining of a micronutrient with an organic molecule).
Crop yields are steadily rising as a result of genetic enhancements in stress tolerance and disease resistance, as well as the incorporation of pest resistance characteristics and the usage of seed treatments and various crop protection products. This means that each harvest removes more micronutrients from the soil. Due to this, it becomes highly important for the farmers to add micronutrients to the soil again for better yield.
India's economy is mostly based on agriculture. While agriculture is expected to account for little over 17% of the US$2.6 trillion economies, it employs more than 60% of the people. For the past several years, India has essentially attained self-sufficiency in food grain production, producing robust and rapid economic growth, and this trend is likely to continue in the future. With the highest arable land area (60.44 percent) of an anticipated 179.8 million hectares and different agro-climatic conditions that support the development of numerous commodities, the country has distinct competitive advantages. In India's economy, politics, and society, the agriculture sector is extremely important.
India ranks among the top countries in terms of output volume for a variety of commodities such as rice, cotton, dairy, fruits, vegetables, meat, and seafood, but due to a lack of storage infrastructure, the country only has access to 60% of the products, resulting in a 40% loss. These losses are estimated to be about $13 billion per year.
The China market dominated the Asia Pacific Crop Micronutrients Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,135.3 million by 2028. The Japan market is poised to grow at a CAGR of 7% during (2022 - 2028). Additionally, The India market would display a CAGR of 8.4% during (2022 - 2028).
Based on Form, the market is segmented into Chelated and Non-Chelated. Based on Application, the market is segmented into Soil, Foliar, Fertigation, and Others. Based on Crop Type, the market is segmented into Cereals & Grains, Pulses & Oilseeds, Fruits & Vegetables, and Others. Based on Type, the market is segmented into Copper, Zinc, Boron, Iron, Manganese, Molybdenum, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Crop Micronutrients Market is Projected to reach USD 8.7 Billion by 2028, at a CAGR of 7.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include BASF SE, Compass Minerals International, Inc., The Mosaic Company, Nutrien Limited, DuPont de Nemours, Inc., Akzo Nobel N.V., Aries Agro Limited, Yara International ASA, Baicor, LLC, and Western Nutrients Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Form
By Application
- Soil
- Foliar
- Fertigation
- Others
By Crop Type
- Cereals & Grains
- Pulses & Oilseeds
- Fruits & Vegetables
- Others
By Type
- Copper
- Zinc
- Boron
- Iron
- Manganese
- Molybdenum
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- BASF SE
- Compass Minerals International, Inc.
- The Mosaic Company
- Nutrien Limited
- DuPont de Nemours, Inc.
- Akzo Nobel N.V.
- Aries Agro Limited
- Yara International ASA
- Baicor, LLC
- Western Nutrients Corporation
TABLE 1 Asia Pacific Crop Micronutrients Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Crop Micronutrients Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Crop Micronutrients Market by Form, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Crop Micronutrients Market by Form, 2022 - 2028, USD Million
TABLE 5 Asia Pacific Chelated Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific Chelated Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Non-Chelated Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Non-Chelated Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Crop Micronutrients Market by Application, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Crop Micronutrients Market by Application, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Soil Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Soil Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Foliar Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Foliar Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Fertigation Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Fertigation Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Crop Micronutrients Market by Crop Type, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Crop Micronutrients Market by Crop Type, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Cereals & Grains Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Cereals & Grains Market by Country, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Pulses & Oilseeds Market by Country, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Pulses & Oilseeds Market by Country, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Fruits & Vegetables Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Fruits & Vegetables Market by Country, 2022 - 2028, USD Million
TABLE 27 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 28 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 29 Asia Pacific Crop Micronutrients Market by Type, 2018 - 2021, USD Million
TABLE 30 Asia Pacific Crop Micronutrients Market by Type, 2022 - 2028, USD Million
TABLE 31 Asia Pacific Copper Market by Country, 2018 - 2021, USD Million
TABLE 32 Asia Pacific Copper Market by Country, 2022 - 2028, USD Million
TABLE 33 Asia Pacific Zinc Market by Country, 2018 - 2021, USD Million
TABLE 34 Asia Pacific Zinc Market by Country, 2022 - 2028, USD Million
TABLE 35 Asia Pacific Boron Market by Country, 2018 - 2021, USD Million
TABLE 36 Asia Pacific Boron Market by Country, 2022 - 2028, USD Million
TABLE 37 Asia Pacific Iron Market by Country, 2018 - 2021, USD Million
TABLE 38 Asia Pacific Iron Market by Country, 2022 - 2028, USD Million
TABLE 39 Asia Pacific Manganese Market by Country, 2018 - 2021, USD Million
TABLE 40 Asia Pacific Manganese Market by Country, 2022 - 2028, USD Million
TABLE 41 Asia Pacific Molybdenum Market by Country, 2018 - 2021, USD Million
TABLE 42 Asia Pacific Molybdenum Market by Country, 2022 - 2028, USD Million
TABLE 43 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 44 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 45 Asia Pacific Crop Micronutrients Market by Country, 2018 - 2021, USD Million
TABLE 46 Asia Pacific Crop Micronutrients Market by Country, 2022 - 2028, USD Million
TABLE 47 China Crop Micronutrients Market, 2018 - 2021, USD Million
TABLE 48 China Crop Micronutrients Market, 2022 - 2028, USD Million
TABLE 49 China Crop Micronutrients Market by Form, 2018 - 2021, USD Million
TABLE 50 China Crop Micronutrients Market by Form, 2022 - 2028, USD Million
TABLE 51 China Crop Micronutrients Market by Application, 2018 - 2021, USD Million
TABLE 52 China Crop Micronutrients Market by Application, 2022 - 2028, USD Million
TABLE 53 China Crop Micronutrients Market by Crop Type, 2018 - 2021, USD Million
TABLE 54 China Crop Micronutrients Market by Crop Type, 2022 - 2028, USD Million
TABLE 55 China Crop Micronutrients Market by Type, 2018 - 2021, USD Million
TABLE 56 China Crop Micronutrients Market by Type, 2022 - 2028, USD Million
TABLE 57 Japan Crop Micronutrients Market, 2018 - 2021, USD Million
TABLE 58 Japan Crop Micronutrients Market, 2022 - 2028, USD Million
TABLE 59 Japan Crop Micronutrients Market by Form, 2018 - 2021, USD Million
TABLE 60 Japan Crop Micronutrients Market by Form, 2022 - 2028, USD Million
TABLE 61 Japan Crop Micronutrients Market by Application, 2018 - 2021, USD Million
TABLE 62 Japan Crop Micronutrients Market by Application, 2022 - 2028, USD Million
TABLE 63 Japan Crop Micronutrients Market by Crop Type, 2018 - 2021, USD Million
TABLE 64 Japan Crop Micronutrients Market by Crop Type, 2022 - 2028, USD Million
TABLE 65 Japan Crop Micronutrients Market by Type, 2018 - 2021, USD Million
TABLE 66 Japan Crop Micronutrients Market by Type, 2022 - 2028, USD Million
TABLE 67 India Crop Micronutrients Market, 2018 - 2021, USD Million
TABLE 68 India Crop Micronutrients Market, 2022 - 2028, USD Million
TABLE 69 India Crop Micronutrients Market by Form, 2018 - 2021, USD Million
TABLE 70 India Crop Micronutrients Market by Form, 2022 - 2028, USD Million
TABLE 71 India Crop Micronutrients Market by Application, 2018 - 2021, USD Million
TABLE 72 India Crop Micronutrients Market by Application, 2022 - 2028, USD Million
TABLE 73 India Crop Micronutrients Market by Crop Type, 2018 - 2021, USD Million
TABLE 74 India Crop Micronutrients Market by Crop Type, 2022 - 2028, USD Million
TABLE 75 India Crop Micronutrients Market by Type, 2018 - 2021, USD Million
TABLE 76 India Crop Micronutrients Market by Type, 2022 - 2028, USD Million
TABLE 77 South Korea Crop Micronutrients Market, 2018 - 2021, USD Million
TABLE 78 South Korea Crop Micronutrients Market, 2022 - 2028, USD Million
TABLE 79 South Korea Crop Micronutrients Market by Form, 2018 - 2021, USD Million
TABLE 80 South Korea Crop Micronutrients Market by Form, 2022 - 2028, USD Million
TABLE 81 South Korea Crop Micronutrients Market by Application, 2018 - 2021, USD Million
TABLE 82 South Korea Crop Micronutrients Market by Application, 2022 - 2028, USD Million
TABLE 83 South Korea Crop Micronutrients Market by Crop Type, 2018 - 2021, USD Million
TABLE 84 South Korea Crop Micronutrients Market by Crop Type, 2022 - 2028, USD Million
TABLE 85 South Korea Crop Micronutrients Market by Type, 2018 - 2021, USD Million
TABLE 86 South Korea Crop Micronutrients Market by Type, 2022 - 2028, USD Million
TABLE 87 Singapore Crop Micronutrients Market, 2018 - 2021, USD Million
TABLE 88 Singapore Crop Micronutrients Market, 2022 - 2028, USD Million
TABLE 89 Singapore Crop Micronutrients Market by Form, 2018 - 2021, USD Million
TABLE 90 Singapore Crop Micronutrients Market by Form, 2022 - 2028, USD Million
TABLE 91 Singapore Crop Micronutrients Market by Application, 2018 - 2021, USD Million
TABLE 92 Singapore Crop Micronutrients Market by Application, 2022 - 2028, USD Million
TABLE 93 Singapore Crop Micronutrients Market by Crop Type, 2018 - 2021, USD Million
TABLE 94 Singapore Crop Micronutrients Market by Crop Type, 2022 - 2028, USD Million
TABLE 95 Singapore Crop Micronutrients Market by Type, 2018 - 2021, USD Million
TABLE 96 Singapore Crop Micronutrients Market by Type, 2022 - 2028, USD Million
TABLE 97 Malaysia Crop Micronutrients Market, 2018 - 2021, USD Million
TABLE 98 Malaysia Crop Micronutrients Market, 2022 - 2028, USD Million
TABLE 99 Malaysia Crop Micronutrients Market by Form, 2018 - 2021, USD Million
TABLE 100 Malaysia Crop Micronutrients Market by Form, 2022 - 2028, USD Million
TABLE 101 Malaysia Crop Micronutrients Market by Application, 2018 - 2021, USD Million
TABLE 102 Malaysia Crop Micronutrients Market by Application, 2022 - 2028, USD Million
TABLE 103 Malaysia Crop Micronutrients Market by Crop Type, 2018 - 2021, USD Million
TABLE 104 Malaysia Crop Micronutrients Market by Crop Type, 2022 - 2028, USD Million
TABLE 105 Malaysia Crop Micronutrients Market by Type, 2018 - 2021, USD Million
TABLE 106 Malaysia Crop Micronutrients Market by Type, 2022 - 2028, USD Million
TABLE 107 Rest of Asia Pacific Crop Micronutrients Market, 2018 - 2021, USD Million
TABLE 108 Rest of Asia Pacific Crop Micronutrients Market, 2022 - 2028, USD Million
TABLE 109 Rest of Asia Pacific Crop Micronutrients Market by Form, 2018 - 2021, USD Million
TABLE 110 Rest of Asia Pacific Crop Micronutrients Market by Form, 2022 - 2028, USD Million
TABLE 111 Rest of Asia Pacific Crop Micronutrients Market by Application, 2018 - 2021, USD Million
TABLE 112 Rest of Asia Pacific Crop Micronutrients Market by Application, 2022 - 2028, USD Million
TABLE 113 Rest of Asia Pacific Crop Micronutrients Market by Crop Type, 2018 - 2021, USD Million
TABLE 114 Rest of Asia Pacific Crop Micronutrients Market by Crop Type, 2022 - 2028, USD Million
TABLE 115 Rest of Asia Pacific Crop Micronutrients Market by Type, 2018 - 2021, USD Million
TABLE 116 Rest of Asia Pacific Crop Micronutrients Market by Type, 2022 - 2028, USD Million
TABLE 117 Key Information – BASF SE
TABLE 118 Key Information – Compass Minerals International, Inc.
TABLE 119 Key Information – The Mosaic Company
TABLE 120 Key Information – Nutrien Limited
TABLE 121 Key Information –DuPont de Nemours, Inc.
TABLE 122 Key information – Akzo Nobel N.V.
TABLE 123 Key Information – Aries Agro Limited
TABLE 124 Key Information – Yara International ASA
TABLE 125 Key Information – Baicor, LLC
TABLE 126 Key Information – Western Nutrients Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: BASF SE
FIG 3 Recent strategies and developments: Compass Minerals International, Inc.