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| A10354 | Pages: 160 | Mar 2021 | 1275 Views | | |
| Author(s) : Nitesh Chouhan, Himanshu Vig , Roshan Deshmukh | Tables: 50 | Charts: 62 |
| |
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Canada Crop Micronutrients Market
Request Now !The Canada crop micronutrients market size was valued at $175.4 million in 2019, and is projected to reach $261.7 million by 2027, registering a CAGR of 7.2% from 2021 to 2027. In 2019 the soil application segment accounted for more than 50% share of the Canada crop micronutrients market in terms of value. Micronutrients such as copper, iron, zinc, and boron, are considered as essential elements for plant growth and play an important role in balanced crop nutrition. They are essential for plant nutrition along with primary and secondary macronutrients such as nitrogen, phosphorous, and potassium. Although plants require micronutrients in minute quantities, deficiency of any one of these in soil can limit the growth of plants, even after presence of adequate amounts of all the other nutrients. Unavailability of micronutrients inhibit the critical functions of crops that can lead to abnormality, slow growth, and reduced yield. The requirement of effective fertilizers due to poor soil quality acts as a major driver of the crop micronutrients market.
Increasing in population and strengthening economy of Canada have fueled the consumption of food. It is crucial to maintain the nutrient level in crops & soil to enhance the productivity and growth of crops. To produce enough food for population in Canada with available cultivable land, farmers are incorporating micronutrients with other essential ingredients for agriculture in the form of fertilizers. Chemical fertilizers that consist of micronutrients protect crops from insects and UV radiations, as well as offer increased yield. Thus, lack of micronutrients can lead to various diseases in plants such as chlorosis, yellowing of leaves, and gummosis, which, in turn, is likely to hamper the quality and yield of plants.
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The report on the Canada crop micronutrients market is segmented into form, product type, crop type, and application. Depending on form, the crop micronutrients market is bifurcated into chelated and non-chelated micronutrients. According to product type, it is segregated into boron, copper, iron, manganese, molybdenum, zinc, calcium, magnesium, and others. On the basis of crop type, it is classified into cereals & grains, fruits & vegetables, pulses & oilseeds, and others. By application, it is fragmented into fertigation, soil, foliar, seed treatment, and others.
By form, the chelated segment garnered the largest Canada crop micronutrients share in 2019, and is projected to grow at a highest CAGR during the forecast period. Chelated micronutrients are widely used in agriculture and are strongly promoted by the fertilizer industry. It refers to inorganic nutrients that are enclosed in an organic molecule. Chelated compounds are more stable than non-chelated compounds. Therefore, they are widely used in agriculture as micronutrient fertilizers to supply plants with iron, manganese, zinc, and copper.
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Based on product type, the market is categorized into boron, copper, iron, manganese, molybdenum, zinc, calcium, magnesium, and others. The zinc segment comprises the major share of the product type segment. Zinc plays an important role in the growth of plants as it regulates auxin, a vital growth hormone in pollen formation. It also acts as an enzyme activator in protein synthesis and is involved in the regulation and consumption of sugars which enhance the Canada zinc consumption in crop micronutrients.
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Depending on crop type, the Canada crop micronutrients market is segregated into cereals & grains, fruits & vegetables, pulses, pulses & oil seeds, and others. The cereals & grains segment is anticipated to account for the highest revenue in 2027; however, the pulses & oil seeds segment is expected to grow with higher than average CAGR during the forecast period.
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The applications covered in the study include fertigation, soil, foliar, seed treatment, and others. The soil segment is anticipated to account for the highest revenue in 2027; however, the foliar segment is expected to grow with higher than average CAGR during the forecast period.
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The major players in the Canada crop micronutrients industry analyzed in this report include Agriculture Solutions, Inc., Akzo Nobel N.V., BASF SE, Compass Minerals International Inc., Concentric Ag, Nutrien Ltd., Omex Agriculture, Inc., the Mosaic Company, Univar Solutions Inc., and Yara International ASA.
Covid-19 Impact Analysis
Key Benefits For Stakeholders
Key Market Segments
By Form
By Product Type
By Crop Type
By Application
CHAPTER 1:INTRODUCTION
1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segment
1.4.Research methodology
1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
2.1.Key findings of the study
2.1.1.Top investment pockets
2.2.CXO perspective
CHAPTER 3:MARKET OVERVIEW
3.1.Market definition and scope
3.2.Porter's five forces analysis
3.3.Market dynamics
3.3.1.Drivers
3.3.1.1.Increase in deficiency of micronutrients in the soil
3.3.1.2.Use of advanced technology to optimize efficiency to bolster micronutrients market expansion
3.3.1.3.Upsurge in population elevates the demand for food products
3.3.2.Restraints
3.3.2.1.Lack of awareness regarding dosage and proper application of micronutrients among farmers
3.3.2.2.Availability of cheap alternatives and counterfeit products
3.3.3.Opportunity
3.3.3.1.Implementation of new methods of farming
3.4.COVID-19 impact on Canada crop micronutrients market
3.4.1.Multiple scenarios
CHAPTER 4:CANADA CROP MICRONUTRIENTS, BY FORM
4.1.Overview
4.1.1.Market size and forecast
4.2.Chelated
4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast
4.3.Non-Chelated
4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast
CHAPTER 5:CANADA CROP MICRONUTRIENTS, BY PRODUCT TYPE
5.1.Overview
5.1.1.Market size and forecast
5.2.Boron
5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast
5.3.Copper
5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast
5.4.Iron
5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast
5.5.Manganese
5.5.1.Key market trends, growth factors, and opportunities
5.5.2.Market size and forecast
5.6.Molybdenum
5.6.1.Key market trends, growth factors, and opportunities
5.6.2.Market size and forecast
5.7.Zinc
5.7.1.Key market trends, growth factors, and opportunities
5.7.2.Market size and forecast
5.8.Calcium
5.8.1.Key market trends, growth factors, and opportunities
5.8.2.Market size and forecast
5.9.Magnesium
5.9.1.Key market trends, growth factors, and opportunities
5.9.2.Market size and forecast
5.10.Others
5.10.1.Key market trends, growth factors, and opportunities
5.10.2.Market size and forecast
CHAPTER 6:CANADA CROP MICRONUTRIENTS, BY CROP TYPE
6.1.Overview
6.1.1.Market size and forecast
6.2.Cereals & grains
6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast
6.3.Fruits & vegetables
6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast
6.4.Pulses & oilseeds
6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast
6.5.Others
6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast
CHAPTER 7:CANADA CROP MICRONUTRIENTS, BY APPLICATION
7.1.Overview
7.1.1.Market size and forecast
7.2.Fertigation
7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast
7.3.Soil
7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast
7.4.Foliar
7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast
7.5.Seed treatment
7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast
7.6.Others
7.6.1.Key market trends, growth factors, and opportunities
7.6.2.Market size and forecast
CHAPTER 8:COMPETITION LANDSCAPE
8.1.Top winning strategies
8.2.Product mapping
8.3.Competitive dashboard
8.4.Competitive heatmap
8.5.Key developments
8.5.1.Acquisition
8.5.2.Business expansion
8.5.3.Agreement
8.5.4.Collaboration
8.5.5.Partnership
8.5.6.Product launch
CHAPTER 9:COMPANY PROFILES
9.1.AGRICULTURE SOLUTIONS, INC.
9.1.1.Company overview
9.1.2.Key executives
9.1.3.Company snapshot
9.1.4.Product portfolio
9.2.AKZO NOBEL N.V
9.2.1.Company overview
9.2.2.Key executives
9.2.3.Company snapshot
9.2.4.Operating business segments
9.2.5.Product portfolio
9.2.6.R&D expenditure
9.2.7.Business performance
9.2.8.Key strategic moves and developments
9.3.BASF SE
9.3.1.Company overview
9.3.2.Key executives
9.3.3.Company snapshot
9.3.4.Operating business segments
9.3.5.Product portfolio
9.3.6.R&D expenditure
9.3.7.Business performance
9.3.8.Key strategic moves and developments
9.4.COMPASS MINERALS INTERNATIONAL, INC.
9.4.1.Company overview
9.4.2.Key executives
9.4.3.Company snapshot
9.4.4.Operating business segments
9.4.5.Product portfolio
9.4.6.Business performance
9.4.7.Key strategic moves and developments
9.5.CONCENTRIC AG
9.5.1.Company overview
9.5.2.Key executives
9.5.3.Company snapshot
9.5.4.Product portfolio
9.5.5.Key strategic moves and developments
9.6.NUTRIEN LTD.
9.6.1.Company overview
9.6.2.Key executives
9.6.3.Company snapshot
9.6.4.Operating business segments
9.6.5.Product portfolio
9.6.6.Business performance
9.6.7.Key strategic moves and developments
9.7.OMEX AGRICULTURE, INC.
9.7.1.Company overview
9.7.2.Key executive
9.7.3.Company snapshot
9.7.4.Product portfolio
9.8.THE MOSAIC COMPANY
9.8.1.Company overview
9.8.2.Key executives
9.8.3.Company snapshot
9.8.4.Operating business segments
9.8.5.Product portfolio
9.8.6.Business performance
9.8.7.Key strategic moves and developments
9.9.UNIVAR SOLUTIONS, INC.
9.9.1.Company overview
9.9.2.Key executives
9.9.3.Company snapshot
9.9.4.Product portfolio
9.9.5.Business performance
9.9.6.Key strategic moves and developments
9.10.YARA INTERNATIONAL ASA
9.10.1.Company overview
9.10.2.Key executives
9.10.3.Company snapshot
9.10.4.Operating business segments
9.10.5.Product portfolio
9.10.6.Business performance
9.10.7.Key strategic moves and developments
LIST OF TABLES
TABLE 01.CANADA CROP MICRONUTRIENTS REVENUE, BY FORM, 2019–2027 ($MILLION)
TABLE 02.CANADA CROP MICRONUTRIENTS REVENUE, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 03.CANADA CROP MICRONUTRIENTS VOLUME, BY PRODUCT TYPE, 2019–2027 (METRIC TON )
TABLE 04.CANADA CROP MICRONUTRIENTS REVENUE, BY CROP TYPE, 2019–2027 ($MILLION)
TABLE 05.CANADA CROP MICRONUTRIENTS REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 06.AGRICULTURE SOLUTIONS, INC.: KEY EXECUTIVES
TABLE 07.AGRICULTURE SOLUTIONS, INC: COMPANY SNAPSHOT
TABLE 08.AGRICULTURE SOLUTIONS, INC: PRODUCT PORTFOLIO
TABLE 09.AKZO NOBEL N.V.: KEY EXECUTIVES
TABLE 10.AKZO NOBEL N.V: COMPANY SNAPSHOT
TABLE 11.AKZO NOBEL N.V: OPERATING SEGMENTS
TABLE 12.AKZO NOBEL N.V: PRODUCT PORTFOLIO
TABLE 13.AKZO NOBEL N.V: R&D EXPENDITURE, 2017–2019 ($MILLION)
TABLE 14.AKZO NOBEL N.V: NET SALES, 2017–2019 ($MILLION)
TABLE 15.BASF SE: KEY EXECUTIVES
TABLE 16.BASF SE: COMPANY SNAPSHOT
TABLE 17.BASF SE: OPERATING SEGMENTS
TABLE 18.BASF SE: PRODUCT PORTFOLIO
TABLE 19.BASF SE: R&D EXPENDITURE, 2017–2019 ($MILLION)
TABLE 20.BASF SE: NET SALES, 2017–2019 ($MILLION)
TABLE 21.COMPASS MINERALS INTERNATIONAL INC.: KEY EXECUTIVES
TABLE 22.COMPASS MINERALS INTERNATIONAL INC: COMPANY SNAPSHOT
TABLE 23.COMPASS MINERALS INTERNATIONAL INC: OPERATING SEGMENTS
TABLE 24.COMPASS MINERALS INTERNATIONAL INC.: PRODUCT PORTFOLIO
TABLE 25.COMPASS MINERALS INTERNATIONAL INC.: NET SALES, 2017–2019 ($MILLION)
TABLE 26.CONCENTRIC AG: KEY EXECUTIVES
TABLE 27.CONCENTRIC AG: COMPANY SNAPSHOT
TABLE 28.CONCENTRIC AG: PRODUCT PORTFOLIO
TABLE 29.NUTRIEN LTD: KEY EXECUTIVES
TABLE 30.NUTRIEN LTD: COMPANY SNAPSHOT
TABLE 31.NUTRIEN LTD: OPERATING SEGMENTS
TABLE 32.NUTRIEN LTD: PRODUCT PORTFOLIO
TABLE 33.NUTRIEN LTD: NET SALES, 2017–2019 ($MILLION)
TABLE 34.OMEX AGRICULTURE, INC.: KEY EXECUTIVE
TABLE 35.OMEX AGRICULTURE, INC: COMPANY SNAPSHOT
TABLE 36.OMEX AGRICULTURE, INC: PRODUCT PORTFOLIO
TABLE 37.THE MOSAIC COMPANY: KEY EXECUTIVES
TABLE 38.THE MOSAIC COMPANY: COMPANY SNAPSHOT
TABLE 39.THE MOSAIC COMPANY: OPERATING SEGMENTS
TABLE 40.THE MOSAIC COMPANY: PRODUCT PORTFOLIO
TABLE 41.THE MOSAIC COMPANY: NET SALES, 2017–2019 ($MILLION)
TABLE 42.UNIVAR SOLUTIONS INC.: KEY EXECUTIVES
TABLE 43.UNIVAR SOLUTIONS INC: COMPANY SNAPSHOT
TABLE 44.UNIVAR SOLUTIONS INC: PRODUCT PORTFOLIO
TABLE 45.UNIVAR SOLUTIONS INC: NET SALES, 2017–2019 ($MILLION)
TABLE 46.YARA INTERNATIONAL ASA: KEY EXECUTIVES
TABLE 47.YARA INTERNATIONAL ASA: COMPANY SNAPSHOT
TABLE 48.YARA INTERNATIONAL ASA: OPERATING SEGMENTS
TABLE 49.YARA INTERNATIONAL ASA: PRODUCT PORTFOLIO
TABLE 50.YARA INTERNATIONAL ASA: NET SALES, 2017–2019 ($MILLION)
LIST OF FIGURES
FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.CANADA CROP MICRONUTRIENTS MARKET SNAPSHOT, 2021–2027
FIGURE 03.TOP INVESTMENT POCKETS
FIGURE 04.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 05.LOW THREAT OF NEW ENTRANTS
FIGURE 06.MODERATE THREAT OF SUBSTITUTES
FIGURE 07.HIGH INTENSITY OF RIVALRY
FIGURE 08.MODERATE BARGAINING POWER OF BUYERS
FIGURE 09.CANADA CROP MICRONUTRIENTS: DRIVERS, RESTRAINTS, AND OPPORTUNITIES
FIGURE 10.MULTIPLE SCENARIOS
FIGURE 11.CANADA CROP MICRONUTRIENTS, BY FORM, 2019 (%)
FIGURE 12.CANADA CROP MICRONUTRIENTS MARKET VALUE FOR CHELATED, 2019–2027 ($MILLION)
FIGURE 13.CANADA CROP MICRONUTRIENTS MARKET VALUE FOR NON-CHELATED, 2019–2027 ($MILLION)
FIGURE 14.CANADA CROP MICRONUTRIENTS, BY PRODUCT TYPE, 2019 (%)
FIGURE 15.CANADA CROP MICRONUTRIENTS MARKET VALUE FOR BORON, 2019–2027 ($MILLION)
FIGURE 16.CANADA CROP MICRONUTRIENTS MARKET VALUE FOR COPPER, 2019–2027 ($MILLION)
FIGURE 17.CANADA CROP MICRONUTRIENTS MARKET VALUE FOR IRON, 2019–2027 ($MILLION)
FIGURE 18.CANADA CROP MICRONUTRIENTS MARKET VALUE FOR MANGANESE, 2019–2027 ($MILLION)
FIGURE 19.CANADA CROP MICRONUTRIENTS MARKET VALUE FOR MOLYBDENUM, 2019–2027 ($MILLION)
FIGURE 20.CANADA CROP MICRONUTRIENTS MARKET VALUE FOR ZINC, 2019–2027 ($MILLION)
FIGURE 21.CANADA CROP MICRONUTRIENTS MARKET VALUE FOR CALCIUM, 2019–2027 ($MILLION)
FIGURE 22.CANADA CROP MICRONUTRIENTS MARKET VALUE FOR MAGNESIUM, 2019–2027 ($MILLION)
FIGURE 23.CANADA CROP MICRONUTRIENTS MARKET VALUE FOR OTHERS, 2019–2027 ($MILLION)
FIGURE 24.CANADA CROP MICRONUTRIENTS, BY CROP TYPE, 2019 (%)
FIGURE 25.CANADA CROP MICRONUTRIENTS MARKET VALUE FOR CEREALS & GRAINS, 2019–2027 ($MILLION)
FIGURE 26.CANADA CROP MICRONUTRIENTS MARKET VALUE FOR FRUITS & VEGETABLES, 2019–2027 ($MILLION)
FIGURE 27.CANADA CROP MICRONUTRIENTS MARKET VALUE FOR PULSES & OILSEEDS, 2019–2027 ($MILLION)
FIGURE 28.CANADA CROP MICRONUTRIENTS MARKET VALUE FOR OTHERS, 2019–2027 ($MILLION)
FIGURE 29.CANADA CROP MICRONUTRIENTS, BY APPLICATION, 2019 (%)
FIGURE 30.CANADA CROP MICRONUTRIENTS MARKET VALUE FOR FERTIGATION, 2019–2027 ($MILLION)
FIGURE 31.CANADA CROP MICRONUTRIENTS MARKET VALUE FOR SOIL, 2019–2027 ($MILLION)
FIGURE 32.CANADA CROP MICRONUTRIENTS MARKET VALUE FOR FOLIAR, 2019–2027 ($MILLION)
FIGURE 33.CANADA CROP MICRONUTRIENTS MARKET VALUE FOR SEED TREATMENT , 2019–2027 ($MILLION)
FIGURE 34.CANADA CROP MICRONUTRIENTS MARKET VALUE FOR OTHERS, 2019–2027 ($MILLION)
FIGURE 35.TOP WINNING STRATEGIES, BY YEAR, 2017–2020*
FIGURE 36.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2017–2020* (%)
FIGURE 37.TOP WINNING STRATEGIES, BY COMPANY, 2017–2020*
FIGURE 38.PRODUCT MAPPING OF TOP 10 KEY PLAYERS
FIGURE 39.COMPETITIVE DASHBOARD OF TOP 10 KEY PLAYERS
FIGURE 40.COMPETITIVE HEATMAP OF TOP 10 KEY PLAYERS
FIGURE 41.AKZO NOBEL N.V: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 42.AKZO NOBEL N.V: NET SALES, 2017–2019 ($MILLION)
FIGURE 43.AKZO NOBEL N.V: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 44.AKZO NOBEL N.V: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 45.BASF SE: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 46.BASF SE: NET SALES, 2017–2019 ($MILLION)
FIGURE 47.BASF SE: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 48.BASF SE: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 49.COMPASS MINERALS INTERNATIONAL INC.: NET SALES, 2017–2019 ($MILLION)
FIGURE 50.COMPASS MINERALS INTERNATIONAL, INC.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 51.COMPASS MINERALS INTERNATIONAL, INC.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 52.NUTRIEN LTD: NET SALES, 2017–2019 ($MILLION)
FIGURE 53.NUTRIEN LTD: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 54.NUTRIEN LTD: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 55.THE MOSAIC COMPANY: NET SALES, 2017–2019 ($MILLION)
FIGURE 56.THE MOSAIC COMPANY: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 57.THE MOSAIC COMPANY: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 58.UNIVAR SOLUTIONS INC: NET SALES, 2017–2019 ($MILLION)
FIGURE 59.UNIVAR SOLUTIONS INC: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 60.YARA INTERNATIONAL ASA: NET SALES, 2017–2019 ($MILLION)
FIGURE 61.YARA INTERNATIONAL ASA: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 62.YARA INTERNATIONAL ASA: REVENUE SHARE BY REGION, 2019 (%)
According to the top level CXOs, the crop micronutrients market in Canada exhibit high growth potential, owing to increase in awareness regarding the benefits of crop micronutrients, rise in farm expenditure, and ease of application & effectiveness of micronutrients for crop yield and productivity, which have boosted the popularity of crop micronutrients among farmers in recent years. Furthermore, investment initiatives taken by government and private manufacturers for increasing the production of crops in Canada is further boosting the market growth. Factors such as demand for quality & uniform crop yield to cater the growing food demands, shrinkage in cultivable land, and expansion of the agriculture industry in Canada notably contribute toward the growth of the market.
However, the use of micronutrients depends on a number of factors such as soil type, crop system, local environmental conditions, and economic factors. Thus, inadequate knowledge regarding dosage and proper application of micronutrients are the major factors expected to restrain the market growth.
A. The total market value of the Canada crop micronutrients market report is $261.7 million by 2027.
A. The forecast period in the Canada crop micronutrients market report is 2021 to 2027.
A. The base year calculated in the Canada crop micronutrients market report is 2019.
A. The top companies which hold the market share in the Canada crop micronutrients market are Agriculture Solutions, Inc., Akzo Nobel N.V., BASF SE, Compass Minerals International Inc., Concentric Ag, Nutrien Ltd., Omex Agriculture, Inc., the Mosaic Company, Univar Solutions Inc., and Yara International ASA.
A. The chelated segment is the most growing segment in the Canada crop micronutrients market report.
A. The zinc market holds the maximum market share of the Canada crop micronutrients market.
A. The company profile has been selected on the basis of prominent players in the market.
A. The market value of the Canada crop micronutrients market in 2020 is $162.2 million.
A. The COVID-19 pandemic has negatively impacted the Canada crop micronutrients market in 2020.
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