Market Trends of russia micronutrient fertilizer Industry
This section covers the major market trends shaping the Russia Micronutrient Fertilizer Market according to our research experts:
Zinc is the largest segment by Product.
- Micronutrients play an important role in many plant metabolic activities, such as cell wall formation, pollen formation, germination, chlorophyll production, nitrogen fixation, and synthesis of essential parts of proteins.
- In 2021, zinc micronutrient fertilizers dominated the Russian micronutrient fertilizer market and accounted for about 32.3% of the total micronutrient market. The zinc market value in the country increased by about 46.0% during the study period. Zinc is a major component of plant enzyme systems. Zinc aids in the activation of different types of enzymes, boosting carbohydrate metabolism.
- Copper is the second-largest micronutrient consumed in Russia, and it accounted for about 27.8% of the total micronutrient fertilizer value in 2021. Copper takes part in the formation of chlorophyll and plays a crucial role in multiple enzyme processes. The deficiency of copper significantly affects crop yield, resulting in poor grain filling and deformed or shriveled kernels.
- Manganese accounted for about 19.0% of the total micronutrient fertilizer market value in 2021. In the total manganese fertilizer market, conventional manganese fertilizers accounted for about 52.52%, and specialty manganese fertilizers accounted for about 47.48% in 2021. Manganese is effective against phosphate fertilizers, and it is advisable to produce superphosphate enriched with manganese.
- Iron is a component of many enzymes associated with energy transfer, nitrogen reduction and fixation, and lignin formation. Iron accounted for 12.6% of the total market value in 2021.
- Thus, the micronutrient fertilizers market is anticipated to experience growth during the forecast period owing to their importance in plant metabolism.
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