Market Size of brazil micronutrient fertilizer Industry
| Icons | Lable | Value |
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Study Period | 2016 - 2030 |
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Market Size (2024) | USD 267.63 Million |
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Market Size (2030) | USD 382.18 Million |
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Largest Share by Product | Zinc |
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CAGR (2024 - 2030) | 6.12 % |
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Fastest Growing by Product | Manganese |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Brazil Micronutrient Fertilizer Market Analysis
The Brazil Micronutrient Fertilizer Market size is estimated at USD 267.63 million in 2024, and is expected to reach USD 382.18 million by 2030, growing at a CAGR of 6.12% during the forecast period (2024-2030).
- Largest Segment by Type - Zinc : Zinc is the most prominently used micronutrient in the country due to its widespread deficiencies and to increase the yield of the crops without which, it is difficult.
- Fastest growing segment by Type - Manganese : Manganese availability in soil decreases with rising pH and is less mobile in the plants thus affecting the young parts of the plant which requires application of fertilizer.
- Largest Segment by Crop Type - Field Crops : The domination of field crops in Fertilizers market is mainly due to its large cultivation area in the country. They account for more than 96% of total crop area.
- Largest segment by Application Mode - Soil : It is a conventional way of fertilizer application and can be applied without any equipment. This method of application improves both plant health and soil fertility.
