US Agricultural Micronutrients Market – Chelated Micronutrients Demand is the Major Trend Observed by New Report at ReportsnReports.com

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Agricultural Micronutrients Market in the US 2015-2019 is a new research report added to ReportsnReports.com. The key players in the market are Agrium Inc., AkzoNobel NV, BASF SE and The Mosaic Co.

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Growing demand for zinc-based micronutrients is one key trend upcoming in this market. This demand is primarily because of the widespread deficiency of zinc in the soil. Zinc has the largest consumption volume accounting for 36% of the total market volume. Key vendors have enhanced their portfolios to include zinc-based micronutrients to cater to this projected demand. According to the latest report increased demand for food has become the major factor that will contribute to the growth of the Agricultural Micronutrients Market in the US. The major list of agricultural micronutrients includes zinc, boron, manganese, molybdenum, copper and iron.

Analysts forecast the Agricultural Micronutrients market in the US to grow at a CAGR of 7.63% over the period 2014-2019. Deficiency of micronutrients leads to a variety of diseases that affect most parts of the human body. Fe or Iron deficiency is the most common, followed by zinc, carotenoids and folate. According to the report, increased demand for food, coupled with demand for high-quality nutritious food, is one of the drivers that contributes to the growth of the Agricultural Micronutrients market in the US. This has led to demand for the production of crops of a high quality through the use of agricultural micronutrients.

Inorganic micronutrient form is most widely used that includes oxides and carbonates, and metallic salts such as sulfates, chlorides, and nitrates. Intensive agricultural practices, increased use of macronutrient-based fertilizers and land degradation have led to an increase in the consumption of micronutrients. The 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.

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The recognizes the following companies as the key players in the Agricultural Micronutrients Market in the US: Agrium Inc., AkzoNobel NV, BASF SE and The Mosaic Co.

Other Prominent Vendors in the market are: ATP Nutrition, Baicor, Brandt, Cheminova, Compass Minerals, Grow More, Micnelf USA, Nulex, Nutra-Flo, QC, Stoller, WinField Solutions and Yara International.

Further, the report states that increased competition is a major challenge to vendors and restricts the growth of the Agricultural Micronutrients market in the US. As the barriers to entry into the market, such as initial investment, are not very high, an increasing number of vendors are entering the market. This has had a negative impact on the revenues of existing vendors.

List of Exhibits
Exhibit 1: Market Research Methodology
Exhibit 2: Segmentation of Agricultural Micronutrients Market in US
Exhibit 3: Segmentation of Agricultural Micronutrients Market in US by Type
Exhibit 4: Segmentation of Agricultural Micronutrients Market in US by Form
Exhibit 5: Segmentation of Agricultural Micronutrients Market in US by Application
Exhibit 6: Segmentation of Agricultural Micronutrients Market in US by Crop
Exhibit 7: Agricultural Micronutrients Market in US 2014-2019 (US$ billion)
Exhibit 8: Agricultural Micronutrients Market in US 2014-2019 (kT)
Exhibit 9: Segmentation of the Agricultural Micronutrients Market in US by Type 2014
Exhibit 10: Segmentation of the Agricultural Micronutrients Market in US by Form 2014
Exhibit 11: Segmentation of the Agricultural Micronutrients Market in US by Application 2014
Exhibit 12: Segmentation of the Agricultural Micronutrients Market in US by Crop 2014
Exhibit 13: Agrium: Business Segmentation by Revenue 2013
Exhibit 14: Agrium: Business Segmentation by Revenue 2012-2013 (US$ million)
Exhibit 15: Agrium: Geographical Segmentation by Revenue 2013
Exhibit 16: AkzoNobel: Business Segmentation by Revenue 2013
Exhibit 17: AkzoNobel: Business Segmentation by Revenue 2012 and 2013 (US$ billion)
Exhibit 18: AkzoNobel: Geographical Segmentation by Revenue 2013
Exhibit 19: BASF: Business Segmentation 2013
Exhibit 20: BASF: Business Segmentation by Revenue 2012 and 2013 (US$ billion)
Exhibit 21: BASF: Geographical Segmentation by Revenue 2013
Exhibit 22: Mosaic: Business Segmentation by Revenue 2013
Exhibit 23: Mosaic: Business Segmentation by Revenue 2012 and 2013 (US$ billion)
Exhibit 24: Mosaic: Geographical Segmentation by Revenue 2013

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