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(MoneyNewsWire.Net, October 25, 2017 ) Latin America Agricultural Micronutrients Market was worth USD 0.99 billion in 2016 and is expected to reach USD 1.48 billion by 2021 with a CAGR of 8.5 %. Latin America is expected to increase during the forecast period.
A fertilizer that contains commercially valuable concentrations of micronutrients but does not contain commercially valuable concentrations of phosphoric acid, nitrogen, available phosphorus, potash, calcium, magnesium, or sulfur. Micronutrients include chlorine, boron, cobalt, iron, copper, manganese, sodium molybdenum, and zinc. These elements are essential for the growth and play an important role in crop protection.
Factors such as increasing demand for food and increasing demand for standard quality and continuous yield because of growing population, depleting arable land are the strengthening the market. Lack of awareness among farmers in developing regions, high cost, lack of awareness about an appropriate quantity to be injected into the soil due to lack of standardized levels established by regulatory agencies are limiting the growth of the markets.
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Latin America Agricultural Micronutrients Market is segmented based on Type, Mode of Application, Form and Crop type. Based on Type, Market is segmented into Zinc, Boron, Copper, Manganese, Molybdenum, Iron, cobalt and others. Based on Mode of Application, Market is segmented into Soil, Fertigation, seed treatment, Foliar and Others. Based on Form, Market is segmented into Chelated and Non-Chelated Agricultural Micronutrients. Chelated agricultural micronutrients are further segmented into Ethylenediaminetetraacetic Acid (EDTA), Diethylene Triamine Pentaacetic Acid (DTPA), Ethylenediamine Di-2-Hydroxyphenyl Acetate (EDDHA), D,L-Aspartic Acid N-(1,2-Dicarboxyethyl) Tetrasodium Salt (IDHA), Hydroxybenzyl Ethylenediamine Diacetic Acid(HBED). Based on crop type, the market is segmented into Fruits and Vegetables, Cereals, Pulses and oilseeds and others. Zinc segment is expected to grow at highest CAGR because of growing demand for zinc in the food. Cereals is the highest growing segment around the world owing to continuous technological advancements and growing demand for cereals.
Key points from TOC:
Introduction
Research Methodology
Overview
Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
Market Segmentation
Strategic Analysis
Market Leaders' Analysis
Competitive Landscape
Market Outlook and Investment Opportunities
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Geographically, this market is further segmented in to Brazil, Argentina and Mexico. Brazil recorded the highest utilization of Agricultural micronutrients in the Latin American area, because of economic improvement taking place in the country. It is expected that Brazil will continue to showcase huge potential for use of Agricultural micronutrients in coming years too.
This report also provides detailed marketing and development strategies used by major players such as BASF SE, Mosaic and Cheminova, Agrium Inc., Aries Agro Ltd., Coromandel International Ltd., Yara International, Valagro, Gujarat State Fertilizers & Chemicals, Tradecorp International, AkzoNobel.
Scope of the report:
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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