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Insights on the Crop Micronutrient Global Market to 2026 - Featuring Akzo Nobel, BASF and Nutrien Among Others - ResearchAndMarkets.com

·4-min read

DUBLIN, October 20, 2021--(BUSINESS WIRE)--The "Crop Micronutrient Market Research Report by Product, Form, Crop, Application, and Region - Global Forecast to 2026 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.

The Global Crop Micronutrient Market size was estimated at USD 6,900.38 million in 2020, is expected to reach USD 7,657.72 million in 2021, and projected to grow at a CAGR of 11.31% reaching USD 13,127.01 million by 2026.

Competitive Strategic Window

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Crop Micronutrient Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

Competitive Scenario

The Competitive Scenario provides an outlook analysis of the various business growth strategies adopted by the vendors. The news covered in this section deliver valuable thoughts at the different stage while keeping up-to-date with the business and engage stakeholders in the economic debate. The competitive scenario represents press releases or news of the companies categorized into Merger & Acquisition, Agreement, Collaboration, & Partnership, New Product Launch & Enhancement, Investment & Funding, and Award, Recognition, & Expansion. All the news collected help vendor to understand the gaps in the marketplace and competitor's strength and weakness thereby, providing insights to enhance product and service.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Crop Micronutrient Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Crop Micronutrient Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Crop Micronutrient Market?

4. What is the competitive strategic window for opportunities in the Global Crop Micronutrient Market?

5. What are the technology trends and regulatory frameworks in the Global Crop Micronutrient Market?

6. What is the market share of the leading vendors in the Global Crop Micronutrient Market?

7. What modes and strategic moves are considered suitable for entering the Global Crop Micronutrient Market?

Market Dynamics

Drivers

  • Effectiveness of micronutrients for crop yield and productivity

  • Increased awareness among growers about the benefits of micronutrients and shrinkage of agricultural land

  • Increasing incidences of micronutrient deficiencies in soils around the world

Restraints

  • Availability of cheap alternatives and counterfeit products

  • Lack of awareness among farmers regarding dosage and proper application of micronutrients

Opportunities

  • Supporting policies from the government

  • Development of biodegradable chelates

  • Increase in agricultural practices and necessity of high-quality agricultural produce

Challenges

  • Need for sustainable sourcing of raw materials

Companies Mentioned

  • Akzo Nobel N.V.

  • Aries Agro Ltd.

  • Baicor L.C.

  • BASF SE

  • Compass Minerals International, Inc.

  • DowDuPont Inc.

  • Nutrien Ltd.

  • The Mosaic Company

  • Western Nutrients Corporation

  • Yara International ASA

For more information about this report visit https://www.researchandmarkets.com/r/egs2ye

View source version on businesswire.com: https://www.businesswire.com/news/home/20211020005761/en/

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