India Agricultural Micronutrients Market to Establish Growth with an Impressive CAGR Until FY2027
Depleting soil quality is driving the growth if India Agricultural
micronutrients Market, FY2017-FY2027.
According to TechSci report on, “India Agricultural
Micronutrients Market
By
Form (Chelated v/s Non-Chelated), By Type (Zinc, Cooper, Boron, Iron,
Manganese, Others), By Mode of Application (Soil, Foliar, Fertigation, Others),
By Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables,
Others), By Region, Competition Forecast & Opportunities, FY2027”, India agricultural
micronutrients market has shown promising growth in
historical years until FY2020 and is expected to continue its growth in
upcoming forecast years FY2023 to FY2027. India Agricultural micronutrients market
owes its growth to the factors like deficiency in the soil nutrient content.
Due to continuous agricultural practices and crop rotation practices, the
micronutrient quantity in the soil is rapidly depleting. This hinders with the
quality as well as quantity of the respective crops thereby raising the demand
for the external addition of the agricultural micronutrients in the soil, thus
driving the growth of the India agricultural micronutrients market in the
upcoming five years. Additionally, increasing concerns about the nutrient
content in the food material along with the food safety measures are supporting
the growth of the India agricultural micronutrients market in the next five
years. Moreover, consistent research and technological advancement in the
agricultural sector is also substantiating the growth of the India agricultural
micronutrients market in the future five years.
Government initiatives
like Essential Commodities Act, are further supporting the growth of the
market. The government provides finances to the farmers and cultivators, along
with favorable policies, supply of higher-yielding seeds, etc. that aid the
growth of the India agricultural micronutrients market in the forecast period, until
FY2027.
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spread through 70 Pages and an in-depth TOC on "India Agricultural micronutrients Market"
The India agricultural
micronutrients market segmentation is based on form, type, mode of application,
crop type, regional distribution, top 3 states analysis in each region, and
competitional landscape. Based on form, the market segment is divided between chelated
v/s non-chelated form of agricultural micronutrients. Chelated micronutrients
are the form of agricultural micronutrients that helps to achieve optimum
requirement of the micronutrients in the soil. The chelating agent forms an
ionic bond with these micronutrients thus, their absorption from the soil to
the plant becomes easier and efficient, thus increasing the growth of the
segment that promotes the overall growth of the India agricultural
micronutrients market in the upcoming five years. Micronutrients that are
anyways absorbed efficiently and are often produced by the plant itself is not
bonded with any chelating agent and registers significant growth in its revenue
shares of the India agricultural micronutrients market.
Industry players like Aries
Agro Limited, Coromandel International Ltd., Zuari Agrochemicals Ltd, BASF
India Limited, Deepak Fertilisers and Petrochemicals Corporation Limited, Clean
Agro Fertilizer And Chemical Pvt. Ltd., Yara Fertilisers India Pvt. Ltd.,
Indian Farmers Fertiliser Cooperative Limited, Roop Rasayan Industries Pvt.
Ltd., DCM Shriram Farm Solutions, among others are functional and generate huge
revenues for the India agricultural micronutrients market. Major market players
are actively dedicated in the research and development of the advanced products
such that the consumer’s demand could be fulfilled. Consistent research ensures
the future launches for the better products and services. With rapidly surging
demand for the advanced products, the new market entrants would be able to
establish their brand and thus their market-place. Other strategies include
collaborations and partnerships with the pre-existing market players or the
research institutes such that government funding can be availed for the product
development.
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“The agricultural
sector in the country is booming on the grounds of rapidly increasing
population of the country. Government of India has multiple authoritative
bodies and regulation boards along with active schemes related to agricultural
sector that promotes, supports, and substantiates future growth of the sector
as well as population associated with it. Providing proper education and
creating awareness among the farmers and cultivators are advantageous for the
market as well as the whole industry. Depleting soil quality, rapid increase in
the harmful effects on the environment as well as the environmental resources is
further driving the growth of the India agricultural micronutrients market,”
said Mr. Karan Chechi, Research Director with TechSci Research, a research
based global management consulting firm.
“India Agricultural
Micronutrients Market By Form (Chelated v/s Non-Chelated), By Type (Zinc,
Cooper, Boron, Iron, Manganese, Others), By Mode of Application (Soil, Foliar,
Fertigation, Others), By Crop Type (Cereals & Grains, Oilseeds &
Pulses, Fruits & Vegetables, Others), By Region, Competition Forecast &
Opportunities, FY2027”
has evaluated the future growth potential of India Agricultural micronutrients
market and provides statistics & information on market size, structure and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with essential
drivers, challenges, and opportunities in India Agricultural micronutrients market.
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