Micronutrients are essential plant nutrients that are used in small amounts. Agricultural micronutrients play an important role in plant growth and development. The crop intake for most micronutrients is less than one pound per acre.
Deficiency of micronutrients inhibits plant growth, reduces yield and causes plant abnormalities. A plant requires 17 essential growth elements; Eight of these micronutrients are: boron (B), copper (Cu), zinc (Zn), iron (Fe), manganese (Mn), chlorine (CI), molybdenum (Mo), and nickel (Ni).
Increased demand for higher crop yields has led to increased micronutrient deficiencies which absorb more of the micronutrients in the soil. An increase in the use of synthetic fertilizers with low micronutrient content and a decline in the use of farm manure are also driving the demand for agricultural micronutrients around the world.
As per the latest research report by Fact MR on the global Agriculture Micronutrients market for the historical year 2020 and forecast period 2021 to 2031, the increase in the use of agricultural micronutrients due to increase in soil micronutrient deficiency is a major factor. is what can be expected. To boost the global agricultural micronutrients market during the forecast period
The global agricultural micronutrients market is projected to reach a valuation of US$4.9 billion in 2021, and is projected to expand at a steady CAGR of 3.6% over the forecast period from 2021 to 2031.
Key Driver of Agricultural Micronutrients Market
- Micronutrient deficiencies occur globally, but vary according to climate, soil conditions, rainfall and other environmental conditions. The increase in the rate of depletion of soil micronutrients worldwide is a major factor driving the global agricultural micronutrients market.
- Micronutrient deficiencies are caused by soil depletion due to human activities such as farming without adequate fertilisers. Micronutrient deficiencies also occur due to over fertilization with phosphates. Phosphate impairs the availability of zinc, iron and copper for crops. Micronutrient deficiencies are expected to increase over the next few years.
- Deficiency of micronutrients can be overcome by the use of micro nutrient fertilizers in the soil. The major sources of micronutrients are synthetic chelates and inorganic and natural organic compounds. Micronutrients are incorporated with nitrogen (N)-phosphorous (P)-potassium (K) fertilizers, or applied with bulk mixtures with granular fertilizers, or mixed with liquid fertilizers.
- Companies are focusing on developing innovative product combinations. OEMs are harnessing the properties of a new generation of agricultural micronutrients to replace metals and some standard polymers in engine, transmission and other powertrain components with agricultural micronutrients that can withstand harsh end-use conditions and heat. We do.
Rise in Micronutrient Deficiency in Humans
- The increase in the prevalence of micronutrient deficiencies in people can be attributed to poor quality diet. Micronutrient deficiencies in agricultural soils reduce crop yield and nutritional quality, and have negative effects on human health. Micronutrient deficiencies can cause many health problems in people. This can also increase the death rate.
- Agronomic biofortification helps to increase the bioavailability of processed foods used for human consumption as well as the bioavailability of micronutrients in the edible part of crops. The agricultural micronutrients market is driven by the efforts of various governments to control micronutrient deficiencies by increasing the content of agricultural micronutrients in agricultural produce.
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