Market Size of russia micronutrient fertilizer Industry
| Icons | Lable | Value |
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Study Period | 2016 - 2028 |
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Market Size (2024) | USD 120.08 Million |
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Market Size (2028) | USD 160.42 Million |
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Largest Share by Product | Zinc |
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CAGR (2024 - 2028) | 7.51 % |
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Fastest Growing by Product | Manganese |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Russia Micronutrient Fertilizer Market Analysis
The Russia Micronutrient Fertilizer Market size is estimated at USD 120.08 million in 2024, and is expected to reach USD 160.42 million by 2028, growing at a CAGR of 7.51% during the forecast period (2024-2028).
- Largest Segment by Type - Zinc : Zinc deficiency in soils is a wide spread issue in the country. The staples like maize and wheat cultivation demand more zinc micronutrient fertilizer application.
- Fastest growing segment by Type - Manganese : Manganese is very little mobile in the plants and can not remobilize from older leaves to manganese deficient young leaves. This results in more demand for manganese.
- 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 95% of total crop area.
- Largest segment by Application Mode - Foliar : Micronutrient deficiency can be quickly addressed by the foliar spraying as it directly sprayed on plant leaves, the micronutrients directly act on the plant foliages.
