Introduction:

Micronutrients help in the overall health and growth of plants. Micronutrients are important for plant growth and a stable overall state. Nitrogen (N), Phosphorus (P), and Potassium (K) are the three most important macronutrients (K). Micronutrients help plants grow and function properly, resulting in nutrient-dense food for animals and humans. Boron, chlorine, copper, iron, manganese, molybdenum, and zinc are micronutrients that are often in short supply for growing crops. Due to variations in the size and physical properties of the particles being blended, such as volume, density, and shape, segregation is a major problem when mixing micronutrients with fertilizer.

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Micronutrient deficiencies have been confirmed in many soils thanks to increased use of soil monitoring and plant analyses.  Each micronutrient has a distinct function in the plant organism. Plants require micronutrients during critical growth stages and for the establishment of yield and quality components. Despite the fact that many soils contain ample micronutrients, plants often do not have access to them. As a result, we provide three distinct product lines to meet all needs. The well-known Fetrilon fully chelated products for foliar application, the Basafer iron chelates for soil application, and the nutri range for the special needs of broad-acre crops are all available. Micronutrients are usually added to the soil in a band at planting or foliarly, as these methods allow for lower micronutrient usage rates.

Uses and Types of Micronutrients:

Micronutrient use is insignificant in contrast to the annual quantities of N, P, and K fertilizers applied to crops, accounting for less than 1% of total fertilizer. Because of their lower prices, many industrial byproducts are used as micronutrient fertilizers. Micronutrient Fertilizer is a form of fertilizer that plants need in very limited amounts but plays a critical role in their physiology.

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Micronutrients are:

• Zinc [Zn],
• Boron [Bo],
• Iron [Fe],
• Manganese [Mn],
• Copper [Cu],
• Molybdenum [Mo],
• Silicon [Si],
• Nickel [Ni],
• Cobalt [Co] and Sodium [Na].

Plant micronutrients play an important role in flower initiation, fertilization, fruit set, and disease resistance. In most soils, the seven micronutrients are adequate to meet crop needs. Some sandy soils and other low-organic matter soils, on the other hand, are naturally deficient in micronutrients, and high pH soils can make some micronutrients less accessible and therefore deficient.

Production Process:

Inventory management, processing, packaging, and marketing are all part of the micronutrient manufacturing process. Entrepreneurs with experience in the chemical industry will start this company with a small investment. Micronutrients are a class of agrochemicals that are necessary for plant growth and play an important role in crop nutrition.

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Boron (B), copper (Cu), iron (Fe), manganese (Mn), molybdenum (Mo), zinc (Zn), nickel (Ni), and chloride are some of these elements (Cl). They're just as essential to plant nutrition as primary and secondary nutrients, but plants don't need as much of them. Even when all other nutrients are present in sufficient quantities, a lack of any one of the micronutrients in the soil can restrict development.

Market Outlook:

The Global Micronutrient Fertilizers Market is projected to expand at a rate of 10.2% over the next five years. Increased soil depletion, the incidences of soil micronutrient deficiencies, rising food demand, and declining farmland are some of the market's driving forces. Engineers' design issues and the need to heat sensor vapor cells before operation can, however, stifle market development. Plant growth and soil health include micronutrients such as iron, manganese, zinc, boron, molybdenum, and copper, among others. Micronutrient fertilizers are used to protect the soil from micronutrient deficiency. Soil depletion can be remedied with micronutrient fertilizers.

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There are many micronutrient fertilizer products on the market, and because of their low requirement, they are often used in conjunction with NPK fertilizers. During the forecast era, the Zinc segment is expected to increase in importance. Zinc is a micronutrient that should be used in fertilizer programmes for rice, sweet corn, and edible beans. Due to rising demand in the agricultural industry and increased micronutrient fertilizer consumption in this area, Asia Pacific will have a lucrative development. The global micronutrients market is expected to expand due to rising demand from the agriculture industry, as they boost crop yield uniformity and quality. Micronutrient deficiency causes yellowing of leaves and withering of buds in crops, as well as health risks and a decrease in crop productivity. Humans and other species use micronutrients in minute amounts for a number of physiological functions. Micronutrients, unlike macronutrients, are only needed in trace amounts in soil and humans, usually less than 100 milligrams per day. They can be found naturally in plants and some animal-based foods, as well as synthesized artificially. Over the forecast era, the aforementioned assets are expected to be main drivers of global market development.

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Government Policy on Micronutrients Fertilizers:

According to an ICAR study published by the Ministry of Agriculture and Farmers Welfare, India is zinc deficient, with about 37% of soil samples tested for usable zinc being found to be deficient. Because of the deficiency of this important micronutrient, the World Health Organization (WHO) estimates that about 800,000 people die each year from zinc deficiency, with 450,000 of them being infants. Low zinc intake could affect 60-70 percent of the population in Asia and Sub-Saharan Africa, according to estimates. This amounts to about 2 billion people in Asia and 400 million people in Sub-Saharan Africa in absolute terms. Zinc malnutrition has resulted from widespread zinc deficiency in humans, especially in developing countries like India. This has drew the attention of India's government and politicians, raising consciousness about the importance of zinc in human health. In terms of fertilizer policy, the position of zinc was targeted through an Rs 500 per ton additional subsidy under the Nutrient Based Subsidy (NBS) Scheme, which was introduced in 2010. Under the National Food Security Mission (NFSM), the government is actively promoting the use of zinc by providing farmers with an additional subsidy of Rs 500 per hectare for using micronutrients, including zinc fertilizers. Big fertilizer companies are also making forays into the zinc fertilizer market in India.      

Key Players:

1.   Abellon Agrisciences Ltd.

2.   Agro Extracts Ltd.

3.   Aries Agro Ltd

4.   Bayer Cropscience Ltd.

5.   Champion Agro Ltd.

6.   Coromandel Agro Products & Oils Ltd.

7.   Good Value Mktg. Co. Ltd.

For More Details:- https://www.niir.org/profile-project-reports/profile/2890/micronutrients-fertilizer.html

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