The global Agricultural Micronutrients Market is expanding due to reasons such as the increasing demand for biofuels and the prevalence of soil deficiencies. The Renewable Fuel Standard was increased by the U.S. Energy Independence and Security Act (EISA) to bring annual biofuel output up to 36 billion gallons by 2022.The global agricultural micronutrients market is predicted to be driven by the increasing demand for effective fertilizers due to poor soil quality and the expanding need for uniform and quality output supported by a growing population. A major reason holding back the agricultural micronutrients industry is the widespread ignorance about the importance of these minerals among farmers, particularly in developing countries.
Top Companies in the Agricultural Micronutrients Industry:
1. The Dow Chemical Company.
The Dow Chemical Company founded in 1897, and it’s located in Midland, Michigan, United States. The company operates in 160 countries. Dow India has inked a joint venture agreement with state-run Gujarat Alkalies and Chemicals
2. BASF SE
BASF SE founded in 1865, with its headquarters in Ludwigshafen, Germany.With businesses in over 91 countries. 3. The Mosaic Company,
The Mosaic Company, was launch in 2004 and it’s headquarter located in Tampa, Florida, United States.it operate over 8 country . In 2021 the companies will collaborate on the development and distribution of a proprietary mix of Sound Agriculture's bio-inspired chemistry.
4 Akzo Nobel N.V
Akzo Nobel N.V was launch in 1994 and it’s headquarter located in Amsterdam, Netherlands.it operate over 150 country In 2019 AkzoNobel has partnerships with global fertilizer companies Yara and SQM for worldwide distribution of its chelated micronutrients
5. Yara International ASA
Yara International ASA founded in 1905, with its headquarters in Oslo, Norway. .With businesses in over 150 countries.
6. Nufarm Limited
Nufarm Limited was launch 1916 and its headquarter Melbourne, Australia . it operate over 100 country.
Definition- Agricultural micronutrients are useful for the growth of plants and a play significant role in balanced crop nutrition
