North America Micronutrient Fertilizers Market Size

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North America Micronutrient Fertilizers Market size was around $1 billion in 2020 and is anticipated to grow at a CAGR of 7.8% from 2021 to 2027 owing to the growing awareness among farmers regarding the importance of micronutrient fertilizer usage in the production of crops and plants.

Agriculture production across North America is anticipated to rise in the coming years to keep a steady flow of food production, maintain food prices, and increase the production of crops & plants. The use of micronutrient fertilizers aids in combating serious micronutrient deficiencies that may arise due to an insufficient supply of micronutrient to the crops

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For instance, copper is a constituent of chloroplast proteins that are required for electron transport during the photosynthetic process. Copper participates in protein & carbohydrate metabolism and nitrogen fixation. It is also a part of oxidase enzymes, which reduce molecular oxygen including those that are required for lignin formation. Various types of micronutrients are required to perform different activities in the crops. Even though the quantity of micronutrients that are required is low, the absence of these micronutrients in the soil can hamper the quality and quantity of the agricultural produce.
 

The use of technology in the agriculture industry is naturally expected to play an important role. However, the growing demand for food production and increasing strain on agricultural land are expected to create some headwinds for food production in the region. According to the American Farmland Trust (AFT), in the last 20 years, farmlands in the U.S. decreased by 31 million acres, a territory equivalent to the state of New York.
 

Moreover, the growing focus on using NPK fertilizers for producing crops and neglecting the use of micronutrients fertilizers will impact crop production in the region. The arable land in the U.S. has been on a steady decline over the last few years. With the addition of nutrient-deficient farmlands, the production of crops is expected to fall further.
 

Micronutrient deficiencies are usually observed during the cultivation of cereals, vegetables, pulses, and oilseeds. To maintain the quality of the products and produce better yields, farmers use micronutrient fertilizers in their crops.
 

The shifting focus toward sustainable methods of farming and maintaining the ecological balance in soil organic fertilizers has become a viable option. Moreover, organic fertilizers improve the soil structure by stimulating microbial activity in the soil. However, the need to maintain micronutrient levels in the soil for the proper growth of crops will drive the North America micronutrient fertilizers market during the projected period.