Agricultural Micronutrients Market Growth Report 2021 to 2031
The Agricultural Micronutrients Market is expected to register a CAGR of 7% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Type (Zinc, Boron, Iron, Molybdenum, Copper, Manganese, and Others). The report further presents analysis based on Crop Type (Fruits and Vegetables, Cereals and Grains, Oilseeds and Pulses, and Others). Based on Form report is segmented into (Chelated and Non-Chelated). Based on Mode of Application report is segmented into (Soil, Foliar, Fertigation, and Others). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Agricultural Micronutrients Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Agricultural Micronutrients Market Segmentation
Type- Zinc
- Boron
- Iron
- Molybdenum
- Copper
- Manganese
- Fruits and Vegetables
- Cereals and Grains
- Oilseeds and Pulses
- Chelated and Non-Chelated
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Agricultural Micronutrients Market Growth Drivers- Rising Need for Optimization of Crop Yield: One of the huge impacts that will be accorded to the agricultural micronutrients market is the increase in yield optimization. This will come from farmers' tendency to enhance crop productivity and quality, thus leading to a higher demand for micronutrients such as zinc, iron, and manganese. This has been one of the critical components of plant health and yield, particularly under adverse environmental conditions.
- The Role of Micronutrients in Precision Agriculture for Enhanced Crop Performance: With the rapid growth of the population comes the call for optimized agriculture output, together with food insecurity. To close the gaps of deficiencies within elements that would otherwise limit crop performance, fertilizers and soil amendments are increasingly being brought into the field by farmers. This focus on precision agriculture further heightens awareness of the role of micronutrients in the sustainable practice of agriculture.
- Advancements in Agricultural Technologies Drive Efficient Use of Micronutrients for Higher Yields: Similarly, the high application intensity of micronutrients also comes from agricultural technologies. With improved systems of soil testing and nutrient management, farmers are generally able to increase their inputs with greater care, not only for more remunerative yields but also for more economical resource use to ensure greater profitability in farm operations.
- Growing Preference for Chelated Forms of Micronutrients: One of the new trends in agricultural micronutrients is the increased demand for chelated forms of micronutrients. Chelated micronutrients are micronutrients chelated to organic molecules, which offer greater bioavailability than traditional forms and, therefore, greater absorption by plants and better crop performance.
- The Growing Adoption of Chelated Micronutrients in Sustainable Agriculture: Another benefit of chelated micronutrient applications reported by the discovery of farmers is their targeted correction of specific nutrient deficiencies in soils. As the awakening environmental consciousness towards nutrient management escalates, these forms are easily adopted as a mode for more and more farmers to enhance plant health and yield. This trend concurs with the call made to all nations worldwide to adopt sustainable agriculture.
- Advances in Chelation Technology Enhance Micronutrient Stability and Effectiveness in Agriculture: Advances in chelation technology from other drivers. Realization of further improvements in the way that chelated micronutrients are formulated to yield greater stability and, therefore, effectiveness. Such new formulations of chelated micronutrients make it easier for them to get applied and thus give better results, an instance forcing broader and more systemic uptake within agricultural sectors.
- Growing Urban Agriculture Sector: In fact, the growing urban agriculture sector is a very considerable source of growth for the agricultural micronutrient market. As reliance on growing food within cities moves forward as an essential way to fulfill food demands, nutrient management is increasingly important. Micronutrients play a vital role in boosting the productivity of these compact farming systems.
- Micronutrients Driving Growth in Urban Agriculture: New ideas in this area are vertical farming and hydroponics; these cannot operate without precisely formulated nutrients. It is micronutrients that will maximize plant growth in controlled environments, such as in urban agriculture. Urban farmers use these micronutrients to realize higher yields in small, cramped spaces. These micronutrient products are becoming more sought after to be used in urban agricultural settings.
- Rising Awareness and Education Boost the Demand for Micronutrient Management in Urban Agriculture: Increased public awareness regarding education programs and training in the cities creates an increased demand for nutrient management awareness as well. The increase in awareness of the benefits of micronutrients in urban agriculture further adds to the increasing trend of such products. This will, therefore, continue to grow the agricultural micronutrient market as the trend of urban agriculture continues to grow.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Agricultural Micronutrients Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Agricultural Micronutrients Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Growing Preference for Chelated Forms of Micronutrients is expected to be the key market trends.
Based on geography, Asia Pacific held the largest share of the agricultural micronutrients market.
Based on type, zinc, is expected to witness the fastest growth during the forecast period
BASF SE, Coromandel International Limited, Nutrien Ltd are some of the key players operating in the agricultural micronutrients market
Rising Need for Optimization of Crop Yield is driving the market growth
The Agricultural Micronutrients Market is estimated to witness a CAGR of 7% from 2023 to 2031
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Agricultural Micronutrients Market - By Type
1.3.2 Agricultural Micronutrients Market - By Crop Type
1.3.3 Agricultural Micronutrients Market - By Application
1.3.4 Agricultural Micronutrients Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AGRICULTURAL MICRONUTRIENTS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. AGRICULTURAL MICRONUTRIENTS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. AGRICULTURAL MICRONUTRIENTS MARKET - GLOBAL MARKET ANALYSIS
6.1. AGRICULTURAL MICRONUTRIENTS - GLOBAL MARKET OVERVIEW
6.2. AGRICULTURAL MICRONUTRIENTS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. AGRICULTURAL MICRONUTRIENTS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. ZINC
7.3.1. Overview
7.3.2. Zinc Market Forecast and Analysis
7.4. IRON
7.4.1. Overview
7.4.2. Iron Market Forecast and Analysis
7.5. BORON
7.5.1. Overview
7.5.2. Boron Market Forecast and Analysis
7.6. MANGANESE
7.6.1. Overview
7.6.2. Manganese Market Forecast and Analysis
7.7. MOLYBDENUM
7.7.1. Overview
7.7.2. Molybdenum Market Forecast and Analysis
7.8. OTHERS
7.8.1. Overview
7.8.2. Others Market Forecast and Analysis
8. AGRICULTURAL MICRONUTRIENTS MARKET - REVENUE AND FORECASTS TO 2028 - CROP TYPE
8.1. OVERVIEW
8.2. CROP TYPE MARKET FORECASTS AND ANALYSIS
8.3. CEREALS AND GRAINS
8.3.1. Overview
8.3.2. Cereals and Grains Market Forecast and Analysis
8.4. OILSEEDS AND PULSES
8.4.1. Overview
8.4.2. Oilseeds and Pulses Market Forecast and Analysis
8.5. FRUITS AND VEGETABLES
8.5.1. Overview
8.5.2. Fruits and Vegetables Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. AGRICULTURAL MICRONUTRIENTS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. SOIL
9.3.1. Overview
9.3.2. Soil Market Forecast and Analysis
9.4. FERTIGATION
9.4.1. Overview
9.4.2. Fertigation Market Forecast and Analysis
9.5. FOLIAR
9.5.1. Overview
9.5.2. Foliar Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis
10. AGRICULTURAL MICRONUTRIENTS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Agricultural Micronutrients Market Overview
10.1.2 North America Agricultural Micronutrients Market Forecasts and Analysis
10.1.3 North America Agricultural Micronutrients Market Forecasts and Analysis - By Type
10.1.4 North America Agricultural Micronutrients Market Forecasts and Analysis - By Crop Type
10.1.5 North America Agricultural Micronutrients Market Forecasts and Analysis - By Application
10.1.6 North America Agricultural Micronutrients Market Forecasts and Analysis - By Countries
10.1.6.1 United States Agricultural Micronutrients Market
10.1.6.1.1 United States Agricultural Micronutrients Market by Type
10.1.6.1.2 United States Agricultural Micronutrients Market by Crop Type
10.1.6.1.3 United States Agricultural Micronutrients Market by Application
10.1.6.2 Canada Agricultural Micronutrients Market
10.1.6.2.1 Canada Agricultural Micronutrients Market by Type
10.1.6.2.2 Canada Agricultural Micronutrients Market by Crop Type
10.1.6.2.3 Canada Agricultural Micronutrients Market by Application
10.1.6.3 Mexico Agricultural Micronutrients Market
10.1.6.3.1 Mexico Agricultural Micronutrients Market by Type
10.1.6.3.2 Mexico Agricultural Micronutrients Market by Crop Type
10.1.6.3.3 Mexico Agricultural Micronutrients Market by Application
10.2. EUROPE
10.2.1 Europe Agricultural Micronutrients Market Overview
10.2.2 Europe Agricultural Micronutrients Market Forecasts and Analysis
10.2.3 Europe Agricultural Micronutrients Market Forecasts and Analysis - By Type
10.2.4 Europe Agricultural Micronutrients Market Forecasts and Analysis - By Crop Type
10.2.5 Europe Agricultural Micronutrients Market Forecasts and Analysis - By Application
10.2.6 Europe Agricultural Micronutrients Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Agricultural Micronutrients Market
10.2.6.1.1 Germany Agricultural Micronutrients Market by Type
10.2.6.1.2 Germany Agricultural Micronutrients Market by Crop Type
10.2.6.1.3 Germany Agricultural Micronutrients Market by Application
10.2.6.2 France Agricultural Micronutrients Market
10.2.6.2.1 France Agricultural Micronutrients Market by Type
10.2.6.2.2 France Agricultural Micronutrients Market by Crop Type
10.2.6.2.3 France Agricultural Micronutrients Market by Application
10.2.6.3 Italy Agricultural Micronutrients Market
10.2.6.3.1 Italy Agricultural Micronutrients Market by Type
10.2.6.3.2 Italy Agricultural Micronutrients Market by Crop Type
10.2.6.3.3 Italy Agricultural Micronutrients Market by Application
10.2.6.4 United Kingdom Agricultural Micronutrients Market
10.2.6.4.1 United Kingdom Agricultural Micronutrients Market by Type
10.2.6.4.2 United Kingdom Agricultural Micronutrients Market by Crop Type
10.2.6.4.3 United Kingdom Agricultural Micronutrients Market by Application
10.2.6.5 Russia Agricultural Micronutrients Market
10.2.6.5.1 Russia Agricultural Micronutrients Market by Type
10.2.6.5.2 Russia Agricultural Micronutrients Market by Crop Type
10.2.6.5.3 Russia Agricultural Micronutrients Market by Application
10.2.6.6 Rest of Europe Agricultural Micronutrients Market
10.2.6.6.1 Rest of Europe Agricultural Micronutrients Market by Type
10.2.6.6.2 Rest of Europe Agricultural Micronutrients Market by Crop Type
10.2.6.6.3 Rest of Europe Agricultural Micronutrients Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Agricultural Micronutrients Market Overview
10.3.2 Asia-Pacific Agricultural Micronutrients Market Forecasts and Analysis
10.3.3 Asia-Pacific Agricultural Micronutrients Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Agricultural Micronutrients Market Forecasts and Analysis - By Crop Type
10.3.5 Asia-Pacific Agricultural Micronutrients Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Agricultural Micronutrients Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Agricultural Micronutrients Market
10.3.6.1.1 Australia Agricultural Micronutrients Market by Type
10.3.6.1.2 Australia Agricultural Micronutrients Market by Crop Type
10.3.6.1.3 Australia Agricultural Micronutrients Market by Application
10.3.6.2 China Agricultural Micronutrients Market
10.3.6.2.1 China Agricultural Micronutrients Market by Type
10.3.6.2.2 China Agricultural Micronutrients Market by Crop Type
10.3.6.2.3 China Agricultural Micronutrients Market by Application
10.3.6.3 India Agricultural Micronutrients Market
10.3.6.3.1 India Agricultural Micronutrients Market by Type
10.3.6.3.2 India Agricultural Micronutrients Market by Crop Type
10.3.6.3.3 India Agricultural Micronutrients Market by Application
10.3.6.4 Japan Agricultural Micronutrients Market
10.3.6.4.1 Japan Agricultural Micronutrients Market by Type
10.3.6.4.2 Japan Agricultural Micronutrients Market by Crop Type
10.3.6.4.3 Japan Agricultural Micronutrients Market by Application
10.3.6.5 South Korea Agricultural Micronutrients Market
10.3.6.5.1 South Korea Agricultural Micronutrients Market by Type
10.3.6.5.2 South Korea Agricultural Micronutrients Market by Crop Type
10.3.6.5.3 South Korea Agricultural Micronutrients Market by Application
10.3.6.6 Rest of Asia-Pacific Agricultural Micronutrients Market
10.3.6.6.1 Rest of Asia-Pacific Agricultural Micronutrients Market by Type
10.3.6.6.2 Rest of Asia-Pacific Agricultural Micronutrients Market by Crop Type
10.3.6.6.3 Rest of Asia-Pacific Agricultural Micronutrients Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Agricultural Micronutrients Market Overview
10.4.2 Middle East and Africa Agricultural Micronutrients Market Forecasts and Analysis
10.4.3 Middle East and Africa Agricultural Micronutrients Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Agricultural Micronutrients Market Forecasts and Analysis - By Crop Type
10.4.5 Middle East and Africa Agricultural Micronutrients Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Agricultural Micronutrients Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Agricultural Micronutrients Market
10.4.6.1.1 South Africa Agricultural Micronutrients Market by Type
10.4.6.1.2 South Africa Agricultural Micronutrients Market by Crop Type
10.4.6.1.3 South Africa Agricultural Micronutrients Market by Application
10.4.6.2 Saudi Arabia Agricultural Micronutrients Market
10.4.6.2.1 Saudi Arabia Agricultural Micronutrients Market by Type
10.4.6.2.2 Saudi Arabia Agricultural Micronutrients Market by Crop Type
10.4.6.2.3 Saudi Arabia Agricultural Micronutrients Market by Application
10.4.6.3 U.A.E Agricultural Micronutrients Market
10.4.6.3.1 U.A.E Agricultural Micronutrients Market by Type
10.4.6.3.2 U.A.E Agricultural Micronutrients Market by Crop Type
10.4.6.3.3 U.A.E Agricultural Micronutrients Market by Application
10.4.6.4 Rest of Middle East and Africa Agricultural Micronutrients Market
10.4.6.4.1 Rest of Middle East and Africa Agricultural Micronutrients Market by Type
10.4.6.4.2 Rest of Middle East and Africa Agricultural Micronutrients Market by Crop Type
10.4.6.4.3 Rest of Middle East and Africa Agricultural Micronutrients Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Agricultural Micronutrients Market Overview
10.5.2 South and Central America Agricultural Micronutrients Market Forecasts and Analysis
10.5.3 South and Central America Agricultural Micronutrients Market Forecasts and Analysis - By Type
10.5.4 South and Central America Agricultural Micronutrients Market Forecasts and Analysis - By Crop Type
10.5.5 South and Central America Agricultural Micronutrients Market Forecasts and Analysis - By Application
10.5.6 South and Central America Agricultural Micronutrients Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Agricultural Micronutrients Market
10.5.6.1.1 Brazil Agricultural Micronutrients Market by Type
10.5.6.1.2 Brazil Agricultural Micronutrients Market by Crop Type
10.5.6.1.3 Brazil Agricultural Micronutrients Market by Application
10.5.6.2 Argentina Agricultural Micronutrients Market
10.5.6.2.1 Argentina Agricultural Micronutrients Market by Type
10.5.6.2.2 Argentina Agricultural Micronutrients Market by Crop Type
10.5.6.2.3 Argentina Agricultural Micronutrients Market by Application
10.5.6.3 Rest of South and Central America Agricultural Micronutrients Market
10.5.6.3.1 Rest of South and Central America Agricultural Micronutrients Market by Type
10.5.6.3.2 Rest of South and Central America Agricultural Micronutrients Market by Crop Type
10.5.6.3.3 Rest of South and Central America Agricultural Micronutrients Market by Application
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. AGRICULTURAL MICRONUTRIENTS MARKET, KEY COMPANY PROFILES
12.1. BASF SE
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. COROMANDEL INTERNATIONAL LIMITED
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. NUTRIEN LTD.
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. THE MOSAIC COMPANY
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. HAIFA GROUP
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. YARA INTERNATIONAL ASA
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. HELENA AGRI-ENTERPRISES LLC
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. VALAGRO S.P.A
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. SIGMA AGRISCIENCE, LLC
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. ARIES AGRO LIMITED
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
12.11. NUFARM LIMITED
12.11.1. Key Facts
12.11.2. Business Description
12.11.3. Products and Services
12.11.4. Financial Overview
12.11.5. SWOT Analysis
12.11.6. Key Developments
12.12. AGROLIQUID
12.12.1. Key Facts
12.12.2. Business Description
12.12.3. Products and Services
12.12.4. Financial Overview
12.12.5. SWOT Analysis
12.12.6. Key Developments
12.13. AGRIUM
12.13.1. Key Facts
12.13.2. Business Description
12.13.3. Products and Services
12.13.4. Financial Overview
12.13.5. SWOT Analysis
12.13.6. Key Developments
12.14. AKZONOBEL
12.14.1. Key Facts
12.14.2. Business Description
12.14.3. Products and Services
12.14.4. Financial Overview
12.14.5. SWOT Analysis
12.14.6. Key Developments
12.15. DOW CHEMICAL
12.15.1. Key Facts
12.15.2. Business Description
12.15.3. Products and Services
12.15.4. Financial Overview
12.15.5. SWOT Analysis
12.15.6. Key Developments
12.16. ADAMA AGRICULTURAL SOLUTIONS LTD.
12.16.1. Key Facts
12.16.2. Business Description
12.16.3. Products and Services
12.16.4. Financial Overview
12.16.5. SWOT Analysis
12.16.6. Key Developments
12.17. AGRIUM INC.
12.17.1. Key Facts
12.17.2. Business Description
12.17.3. Products and Services
12.17.4. Financial Overview
12.17.5. SWOT Analysis
12.17.6. Key Developments
12.18. AKZO NOBEL N.V.
12.18.1. Key Facts
12.18.2. Business Description
12.18.3. Products and Services
12.18.4. Financial Overview
12.18.5. SWOT Analysis
12.18.6. Key Developments
12.19. AURIGA INDUSTRIES A/S
12.19.1. Key Facts
12.19.2. Business Description
12.19.3. Products and Services
12.19.4. Financial Overview
12.19.5. SWOT Analysis
12.19.6. Key Developments
12.20. BAYER CROP.
12.20.1. Key Facts
12.20.2. Business Description
12.20.3. Products and Services
12.20.4. Financial Overview
12.20.5. SWOT Analysis
12.20.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies
1. BASF SE
2. Coromandel International Limited
3. Nutrien Ltd.
4. The Mosaic Company
5. Haifa Group
6. Yara International ASA
7. Helena Agri-Enterprises LLC
8. Valagro S.p.A
9. Sigma AgriScience, LLC
10. Aries Agro Limited
11. Nufarm Limited
12. AgroLiquid
13. Agrium
14. Akzonobel
15. Dow Chemical
16. ADAMA Agricultural Solutions Ltd.
17. Agrium Inc.
18. Akzo Nobel N.V.
19. Auriga Industries A/S
20.Bayer Crop.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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