Top Companies in Agricultural Micronutrients Market Detailed Report in 10 Minutes

Market Overview:

The global Agricultural Micronutrients market is valued at 3,916.90 USD Million in 2021 and is projected to reach a value of 6,250.24 USD Million by 2028 at a CAGR of 8.10% over the forecast period. The increasing agricultural practices and requirement of high-quality agricultural produce are factors that drive the agricultural micronutrients market growth in the Asia Pacific region. According to the World Bank, about 56.2% and 60.4% of the entire land area were accounted for as agricultural land in China and India, respectively, in 2015. Major crops produced in Asia include rice, sugar beet, fruits & vegetables, cereals, and grains; the region consumes 90% of the global rice produced. There is a huge demand for agricultural micronutrients market in the Asia Pacific due to the direct use of micronutrients to treat plant deficiencies and are often sprayed in combination or as additives to NPK products.

The trend of consuming fruits has witnessed growth in the past two decades, and this trend is projected to continue in the coming years. According to the FAO, the global production levels of fruits and vegetables have raised from 108 hundred metric tons in 2007 to 141 hundred metric tons in 2017. The increasing exports of fruits & vegetables have also led to an increase in the crop plantation area, which has resulted in a rise in their production levels. Hence, the crop sustaining and protecting the chemicals market for fruits & vegetables is projected to witness significant growth.

Key Findings and Insights from the report:

• The Global Agricultural micronutrients market is predicted to reach a value of 5,157.33 Million by 2028.
• The report presents the estimated CAGR of 6.10% size of the Agricultural micronutrients market at the end of the forecast period.
• Insight also covers the price, production, share, and growth rate of these top manufacturers and examines the competitive scenario for a better understanding of the market synopsis.
• The report includes an overview of the market, the financial performance of key players its segmentation, its geographical scope.
• The report provides a detailed evaluation of the Agricultural micronutrients market t by highlighting information on various aspects which include restraints, drivers, opportunities, and threats

Following are the top 6 leading companies in the Agricultural micronutrients market:

1. BASF SE

BASF SE is a German multinational chemical company and the largest chemical producer in the world. The company comprises subsidiaries and joint ventures in more than 80 countries and operates six integrated production sites and 390 other production sites in Europe, Asia, Australia, the Americas, and Africa. Headquarters in Ludwigshafen, Germany, the company has customers in over 190 countries and supplies products to a wide variety of industries. The company carries out production, marketing, and sales of chemicals, plastics, crop protection products, and performance products. Its product line comprises solvents, adhesives, surfactants, fuel additives, electronic chemicals, pigments, paints, food additives, fungicides, and herbicides.

2. Akzo Nobel

Akzo Nobel NV is a chemical company that manufactures and distributes decorative paints, performance coatings, and specialty chemicals. The company's decorative paints comprise interior paints, exterior paints, emulsion paints, synthetic enamel, colorants, thinners, and others. Its specialty chemicals comprise cellulose-based coatings, polyurethane-based associative thickeners, methyl ethyl ketone peroxides, and others. The company offers products used in interior and exterior decoration; protection and surface preparation and wood care. The company also offers its products under Sikkens, Interpon, Dulux, and International brands.

3. Yara International ASA

Yara International ASA is a Norwegian chemical company. The company's largest business area is the production of nitrogen fertilizer, however, the company also encompasses the production of nitrates, ammonia, urea, and other nitrogen-based chemicals. The company is the world's first producer of mineral nitrogen fertilizers. The company is listed on the Oslo Stock Exchange and has its headquarters in Oslo.

4. The Mosaic Company

The Mosaic Company is the world’s leading integrated producer of concentrated phosphate and potash—two of the three most important nutrients in agriculture. They employ more than 13,000 people in six countries to serve farmers all over the world. The people of Mosaic work with the purpose to maximize efficiencies and minimize their environmental footprint. The company strives to be a thoughtful and engaged neighbor, using its financial resources, expertise, and innovative spirit to commit to good corporate citizenship.

5. Compass minerals international

Compass Minerals is a leading provider of essential minerals focused on safely delivering where and when it matters to help solve nature’s challenges for customers and communities. Its salt products help keep roadways safe during winter weather and are used in numerous another consumer, industrial and agricultural applications. And its plant nutrition business manufactures an innovative and diverse portfolio of products that improve the quality and yield of crops while supporting sustainable agriculture. Additionally, its specialty chemical business serves the water treatment industry and other industrial processes. The company operates 15 production and packaging facilities with more than 2,000 employees throughout the U.S., Canada, Brazil, and the U.K. Headquartered in the Kansas City metropolitan area, the company provides bulk treated and untreated highway deicing salt to customers in North America and the U.K., and plant nutrients to growers worldwide. The company also produces consumer deicing and water conditioning products, consumer and commercial culinary salt, and other mineral-based products for consumer, agricultural and industrial applications. In addition, the company provides records management services to businesses throughout the U.K. in a retired underground mine that provides safe, secure, and environmentally friendly storage.

6. Valagro

Valagro S.p.A., a leader in the production and commercialization of biostimulants and specialty nutrients for use in agriculture and industrial applications. Founded in 1980 and headquartered in Atessa, Italy, Valagro is committed to providing innovative and effective solutions for plant nutrition and care. Today, this company meets the specific needs of the customer, needs that reflect new and increasing requirements, in a context of increasingly scarce and precious resources. For this reason, here at Valagro, they have decided to accept a challenge: To bring development and prosperity using fewer resources, or rather to produce more and better for the needs of the world, using less land, less water, and less technical means. To do this, they have placed research and innovation in the service of nature, understanding that taking care of the future means working together while respecting the environment and protecting the health of everyone.

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