Key players in the Latin America Agricultural Micronutrients Market are Mosaic phosphate crop nutrients, Yara Downstream, CHEMINOVA, AkzoNobel, BASF, Agrium Crop nutrients & others.
(PRWEB) August 31, 2014
The Latin America agricultural Micronutrients market report defines and segments the agricultural Micronutrients market in Latin America with analysis and forecast of revenue. The agricultural Micronutrients market in Latin America is estimated to grow from $385.7 million in 2013 to $602.1 million by 2018, at a CAGR of 9.3%, for the given period.
Browse through the TOC of the Latin America agricultural Micronutrients market report, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation in the Latin America agricultural Micronutrients market, and is supported by various tables and figures.
The leaders in export for agriculture produce are Brazil and Argentina. On account of diverse climatic conditions, various crop varieties are found in these countries. The major crops cultivated are coffee, corn, rice, fruits, and vegetables. The requirement for micronutrients is anticipated to increase in these countries because of the increasing demand for agricultural produce and the micronutrient deficiency in the soil.
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Brazil is the market leader of agricultural Micronutrients in Latin America; it accounted for a market share of approximately 55.1% in 2013.
This market is segmented and forecast on the basis of function, submarket, application and geography. The submarkets of agricultural Micronutrients are chelated and non-chelated. The functions consist of fertigation, foliar, soil and others. On the basis of application, this market has been divided into cereals & grains, fruits & vegetables, oilseeds & pulses and rest (crops). The market is further segmented and forecast on the basis of countries, such as Brazil, Argentina and others.
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This report also includes the market share and market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of key players in the market including major companies which provide agricultural Micronutrients.
North America Agricultural Micronutrients Market
The North American market for agricultural micronutrients was valued at $943.2 million in 2013, and is projected to reach $1,423.4 million by 2018, at a CAGR of 8.8%, during the forecast period, 2013 to 2018. The North American market accounted for 20.0% of the global agricultural micronutrients market and its market share is projected to grow to 21.0% by 2018.The market is segmented into non-chelated and chelated, which account for 82.0% and 18.0%, respectively, of the market. The North American market is segmented on the basis of applications, regions, functions, and products.
Asia-Pacific Agricultural Micronutrients Market
The agricultural Micronutrients market in the Asia-Pacific was valued at $2,417.4 million in 2013, and is projected to reach $3,483.4 million by the end of 2018, at a CAGR of 7.6%.The market in Asia-Pacific accounted for 53.0% of the Global Agricultural Micronutrients market.It is segmented into non-chelated and chelated, which account for 82.0% and 18.0%, respectively of the global Agricultural Micronutrients market.
The Asia-Pacific Agricultural Micronutrients Market is segmented on basis of applications, geographies, functions, and products.
Europe Agricultural Micronutrients Market
The Europe Agricultural Micronutrients market was valued at $703.5m in the year 2013, to grow at 8.6% annually. It is projected to reach $1,054.8m by the end of 2018.It is divided into non-chelated and chelated, which account for 82.0% and 18.0%, respectively, of the global Agricultural Micronutrients market.The European Agricultural Micronutrients Market is segmented on basis of applications, geographies, functions, and products.
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