Market Size of asia-pacific micronutrient fertilizer Industry
| Icons | Lable | Value |
|---|---|---|
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Study Period | 2016 - 2030 |
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Market Size (2024) | USD 1.85 Billion |
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Market Size (2030) | USD 2.76 Billion |
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CAGR (2024 - 2030) | 6.89 % |
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Largest Share by Product | Zinc |
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Largest Share by Country | India |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
APAC Micronutrient Fertilizer Market Analysis
The Asia-Pacific Micronutrient Fertilizer Market size is estimated at USD 1.85 billion in 2024, and is expected to reach USD 2.76 billion by 2030, growing at a CAGR of 6.89% during the forecast period (2024-2030).
- Largest Segment by Type - Zinc : Zn is the most applied micronutrient fertilizer because of increasing Zn deficiencies in soils of major growing regions and application of Zn is proven to give higher yields.
- Fastest growing segment by Type - Iron : The alkaline soils with high pH are deficient for Iron micronutrient. Moreover, the degrading health and quality of the agrcultural soils are drcreasingthe Iron availbility.
- Largest Segment by Crop Type - Field Crops : Field crops are most widely grown in the region, as most of them are considered as the staple food and can feed exploding population in large populous countries in the region.
- Largest segment by Country - India : The adaption of micronutrient fertilizers have increased as the Indian soils are deficit in boron (47%), iron (37%), and zinc (39%),The Centre for Science and Environment.
