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The agricultural micronutrients market in North America was valued at $1.10 billion in 2016 and is expected to reach $ 2.18 billion by 2025, growing at a CAGR of 7.89% over the forecast period of 20172025.
Vendors in the North American market are focusing towards increasing their manufacturing capacities and investing heavily in research activities to fulfill the rising demands of the agricultural micronutrient market in the region. These market giants are applying the strategies of mergers and acquisitions to contend in the market. Agriculture is a major industry in the United States, which is a net exporter of food. Hence, the demand for agricultural micronutrients is significantly high from this region. However, the climatic fluctuations and shifting seasons affect the crop production in each state, and this is proving to be a major challenge for the market growth.
Agrium Inc, FMC Corporation, AkzoNobel, Yara International Asa, BASF, Verdesian Life Sciences, Adama Agricultural Solutions Ltd, Haifa Chemicals Ltd, NutraFlo Company K Flo, Mosaic, Coromandel International Limited, The Dow Chemical Company and Bayer CropScience Ag are few of the popular players in this market.
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Food is any substance consumed to provide nutritional support for the body. It is usually of plant or animal origin, and contains essential nutrients, such as carbohydrates, fats, proteins, vitamins, or minerals. The substance is ingested by an organism ...