Key Trends and Innovations in Agricultural Micronutrients Market
Published : 29 Apr 2019 Author : Sales Industry: Food & Beverage
Micronutrients being an essential part of the soil is necessary for providing proper balance of nutrients for yield and growth. Zinc is a source of micronutrient in plants and its inadequacy may result in several diseases. This, in turn, is resulting in an increasing demand for agriculture micronutrients across the globe. The agricultural micronutrients market is also driven by increase in the usage of chemical fertilizers, given that chemical fertilizers help in protection of crops from UV radiations and harmful insects.
A study by Fact.MR offers in-depth insights on the agricultural micronutrients market. A sample of the study is available upon request.
Since the world population is showing alarming rise and people are getting more health-savvy, there is an increase in the demand for micronutrients. Moreover, to cater to the ever-growing population, a crop production ramp-up has also become an imperative need. As per a research run by the United Nations, crops production has to be doubled in order to meet the demand of the increasing population by 2050. Rising population, increasing bio-fuels consumption, food security, and altering diets are some of the significant factors boosting the need for better quality and uniform yield from the farming industry, which, in turn, is driving the agricultural micronutrients market. Manufacturers of agricultural micronutrients are coming up with new innovations and product developments in a bid to gain a competitive edge and address the ever-increasing demand.
Testing Micronutrients in Soil - A Key to Determine Fertilizer Amounts for Addition
The amount of fertilizer required is dependent on the soil type and nature, thereby making soil health test highly imperative. . For instance, if an individual has a plot that demands hundred kg Urea , fifty kg of Urea won’t suffice in terms of obtaining a healthy yield.. Similar is the case if an amount equals to hundred and fifty kg,, which may also result in unpropitious circumstances. . Hence, soil health tests have become instrumental in creating increased awareness among consumer, enabling them in making absolute fertilizer-addition calculations.
Governments and research scientists are coming forward with notable initiatives for promoting soil health tests, with an objective to ensure productivity gains and curb agricultural losses. For instance, the Government of India has introduced Soil Health Card, an initiative to assess the present status of soil health. The card shows soil health indicators that can be examined sans the requirement of technical or laboratory equipment. The initiative is encouraged by the Department of Agriculture & Co-operation under the Ministry of Agriculture and Farmer’s Welfare.
Smart Fertilizers to Address Imbalanced Fertilization
Productivity of agriculture depends largely on fertilizers, with micronutrients and macronutrients being two of the major components of balanced fertilization. Fertilization, if not optimal and balanced, can result in reduced crop yields and adverse impact on the fertility of the soil, therebyleading to wastage of umpteen resources.
To cater to the aforementioned issues, there is an increased transition toward ‘Biorelease Smart Micronutrients’. These smart fertilizers include molecules that are water-soluble and are equipped with a smart feature that allows release of the nutrients when required by the crops. In addition, smart fertilizer helps to provide continuous supply of nutrients throughout the growth of the crop, ensuring impeccable productivity and satisfactory yields
Furthermore, smart fertilizer dramatically optimizes the dosage and produces up-to-the-mark results sans harming the environment. Smart fertilizers are beneficial for desired growth of plants, as they ensure timely release of nutrients in accordance with varying requirements at different stages of their life cycles.
Manufacturers Emphasizing on the Usage of Combination of Micronutrients
Manufacturers focus on product differentiation in sync with evolving modalities of fertilizer addition, to enable farmers gain high productivity per unit area.
One of such new modality of fertilizer addition is combining different types of micronutrients, which has turned to be beneficial in ensuring optimal production. . In line to capitalize on the aforementioned trend, BRANDT Specialty Formulations, which is a leading supplier of agricultural products have expanded their line of foliar micronutrients. The new product line has been developed keeping in mind the advanced computability in complicated mix combinations and can be used with other varieties of 2, 4-D herbicides and dicamba.
Incorporating Nanotechnology in Micronutrients – A Pervasive Trend
Nanotechnology is witnessing sharp proliferation across wide applications in different industries, with agriculture being one of them. Lately, nanotechnology is being widely used in modern agriculture to reduce the applications of plant protection products and minimize nutrient losses. On a whole, nanotechnology is playing a crucial part in introducing major reforms in modern agricultural systems, both in terms of profit and productivity.
Agricultural micronutrients play an essential role in nourishing sustainability of the soil, increasing its fertility and supporting healthy plant growth. Leading players in the agricultural micronutrients market are investing in research and development to learn more about the new advancements and incorporating the same in their current products to reap sizeable revenues.