London, 30 January 2015 – TechNavio has announced the publication of a new market research report on the Agricultural Micronutrients Market in the US, which is expected to grow at a CAGR of 7.63 percent from 2014-2019.
About the Report
According to the latest report from TechNavio, increased demand for food has become the major factor that will contribute to the growth of the Agricultural Micronutrients Market in the US. The growing population, along with strong demand for high-quality food, has resulted in increased pressure on farmers to enhance the quality of their agricultural produce.
“Intensive agricultural practices, increased use of macronutrient-based fertilizers and land degradation have led to an increase in the consumption of micronutrients,” says Faisal Ghaus, Vice President of TechNavio.
The TechNavio report also emphasizes the increase in demand for chelated agricultural micronutrients during the forecast period. While non-chelated micronutrients have traditionally dominated the market in terms of volume, demand for chelated micronutrients is expected to be strong in the coming years.
“Growing focus on the development of sustainable products has led several key vendors in the market to include chelated micronutrients in their product portfolio,” says Ghaus.
The market is dominated by various global chemical companies, including BASF and AkzoNobel, and global agrochemical companies like Agrium and Mosaic.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2019
Market Growth Drivers:
- Increase in Demand for Food
- For a full detailed list, view our report.
Market Challenges:
- Increased Competition
- For a full detailed list, view our report.
Market Trends:
- Provision of Training and Support Services to Farmers
- For a full detailed list, view our report.
Key Vendors:
- Agrium Inc.
- AkzoNobel NV
- BASF SE
- The Mosaic Co.
Other Prominent Vendors:
- ATP Nutrition
- Baicor
- Brandt
- Cheminova
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
