The Report “Australia Micronutrient Fertilizers Market, By Crop Type [Cereals & Oilseeds, Fruits & Vegetables, Rest (Crops)], By Type [Zinc, Copper, Iron, Manganese, Boron, Molybdenum, Calcium, Others], By Form, By Application Mode, & By Geography, Trends and Forecast to 2019”, the Australian micronutrient fertilizers market is estimated to grow from $111.3 million in 2014 to $160.2 million by 2019, at a CAGR of 7.5% from 2014 to 2019..
Browse through the TOC of the Australia Micronutrient Fertilizers Market for an analysis of industry trends and segments, with the help of various tables and figures.
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Australia is a country where states such as Western Australia export over half of their agriculture production overseas. The Australian farmers are burdened by the ever-growing demand for wheat, potatoes, oats, apples, and so on, for self-consumption and export reasons. Australian farmers have been faced with deficiency of micronutrients in the soil for years; zinc deficiency is the most prevalent deficiency in most Australian states. This deficiency affects the quantity and quality of agriculture produce, thereby resulting in demand for different micronutrients to be added in the soil through efficient application modes.
In Australia, the most common of trace element deficiencies is that of zinc. Its deficiency is observed on several soil types, including calcareous, alluvial, sandy soils, and peats, mostly found in Western Australia. The deficiency of zinc is mostly recorded in wheat crops. Apart from soil type, cool wet weather, low light intensity, and high nitrogen, phosphorus, or copper content in the soil may intensify the deficiency. This has fueled the market for micronutrient fertilizers in Australia.
The Australian micronutrient fertilizers market has been analyzed for major states in the region. The market was dominated by New South Wales with a market share of 24.7%. The increasing growth of agrarian sector has strengthened the demand for micronutrient fertilizers to improve efficiency of farming to fulfill the rising agricultural demand. Major drivers which stimulate growth in the Australian micronutrient fertilizers market are increasing population, declining soil fertility, increasing awareness among farmer, and growing benefits from export of agricultural products.
On the basis of crop type, the micronutrient fertilizers market in Australia has been segmented into cereals & oilseeds, fruits & vegetables, and rest (crops). Micronutrient fertilizers render visible and promising results and, hence, are widely used for a variety of crops in Australia. The major fruits & vegetables grown in this region are grapes, macadamia nuts, potatoes, citrus fruits, and apples.
Apart from a general overview of the major companies in this market, this report also provides financial analysis, products, services, and key developments of the major players in the industry. Yara International (Norway), The Mosaic Company (U.S.), AkzoNobel N.V. (Netherlands), BASF SE (Germany), Cheminova A/S (Denmark), Agrium Inc. (Canada), Incitec Pivot Fertilizers Ltd. (Australia), and Haifa (Israel) are among the leading players covered in the Australian micronutrient fertilizers market report.
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