Asia Pacific Boron Fertilizers Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Source (Boric Acid, Borax, and Others) and Application (Fruits and Vegetables, Cereals and Grains, Oilseeds and Pulses, and Others)
Fruits and Vegetables Segment to Dominate APAC Boron Fertilizers Market during 2021-2028.
According to a new market research study on “APAC Boron Fertilizers Market to 2028 - COVID-19 Impact and Analysis and Forecast by: Source and Application,” the market is expected to reach US$ 1,560.69 million by 2028 from US$ 895.58 million in 2021. The market is estimated to grow at a CAGR of 8.3% from 2021 to 2028. The report provides trends prevailing in the APAC boron fertilizers market along with the drivers and restraints pertaining to the market growth. Growing need for exotic fruits and vegetables is the major factor driving the growth of the APAC boron fertilizers machine market. However, issues associated with the low level of awareness hinder the growth of APAC boron fertilizers market.
The APAC boron fertilizers market is segmented into source, application and country. Based on source, the APAC boron fertilizers market is segmented into boric acid, borax, and others. The borax segment dominated the market in 2020 and boric acid segment is expected to be the fastest growing during the forecast period. By application, the boron fertilizers market is segmented into oilseed and pulses, fruits and vegetables, cereals and grains, and others. The fruits and vegetables segment dominated the APAC boron fertilizers market in terms of value in 2020 and is expected to register the highest CAGR during the forecast period 2021-2028.
Europe Boron Fertilizers Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Source (Boric Acid, Borax, and Others) and Application (Fruits and Vegetables, Cereals and Grains, Oilseeds and Pulses, and Others)
Fruits and Vegetables Segment to Dominate Europe Boron Fertilizers Market during 2021-2028.
According to a new market research study on “Europe Boron Fertilizers Market to 2028 - COVID-19 Impact and Analysis and Forecast by: Source and Application,” the market is expected to reach US$ 990.97 million by 2028 from US$ 549.05 million in 2021. The market is estimated to grow at a CAGR of 8.8% from 2021 to 2028. The report provides trends prevailing in the Europe boron fertilizers market along with the drivers and restraints pertaining to the market growth. Increasing demand to boost agricultural productivity in developing region is the major factor driving the growth of the Europe boron fertilizers machine market. However, issues associated with the lack of knowledge hinder the growth of Europe boron fertilizers market.
The Europe boron fertilizers market is segmented into source, application and country. Based on source, the Europe boron fertilizers market is segmented into boric acid, borax, and others. The borax segment dominated the market in 2020 and boric acid segment is expected to be the fastest growing during the forecast period. By application, the boron fertilizers market is segmented into oilseed and pulses, fruits and vegetables, cereals and grains, and others. The fruits and vegetables segment dominated the Europe boron fertilizers market in terms of value in 2020 and is expected to register the highest CAGR during the forecast period 2021-2028.
South America Boron Fertilizers Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Source (Boric Acid, Borax, and Others) and Application (Fruits and Vegetables, Cereals and Grains, Oilseeds and Pulses, and Others)
Boric Acid Segment is expected to be the fastest growing during the forecast period for SAM Boron Fertilizers Market.
According to a new market research study on “SAM Boron Fertilizers Market to 2028 - COVID-19 Impact and Analysis and Forecast by: Source and Application,” the market is expected to reach US$ 680.65 million by 2028 from US$ 382.17 million in 2021. The market is estimated to grow at a CAGR of 8.6% from 2021 to 2028.
The report provides trends prevailing in the SAM boron fertilizers market along with the drivers and restraints pertaining to the market growth. Increasing knowledge regarding the importance of boron in maintaining soil profile and nutritional balance is the major factor driving the growth of the SAM boron fertilizers machine market. However, issues associated with the lack of knowledge hinder the growth of SAM boron fertilizers market.
The SAM boron fertilizers market is segmented into source, application and country. Based on source, the SAM boron fertilizers market is segmented into boric acid, borax, and others. The borax segment dominated the market in 2020 and boric acid segment is expected to be the fastest growing during the forecast period. By application, the boron fertilizers market is segmented into oilseed and pulses, fruits and vegetables, cereals and grains, and others. The fruits and vegetables segment dominated the SAM boron fertilizers market in terms of value in 2020 and is expected to register the highest CAGR during the forecast period 2021-2028.
Middle East and Africa Boron Fertilizers Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Source (Boric Acid, Borax, and Others) and Application (Fruits and Vegetables, Cereals and Grains, Oilseeds and Pulses, and Others)
Borax Segment to Dominate MEA Boron Fertilizers Market during 2021-2028.
According to a new market research study on “MEA Boron Fertilizers Market to 2028 - COVID-19 Impact and Analysis and Forecast by: Source and Application,” the market is expected to reach US$ 236.95 million by 2028 from US$ 139.11 million in 2021. The market is estimated to grow at a CAGR of 7.9% from 2021 to 2028.The report provides trends prevailing in the MEA boron fertilizers market along with the drivers and restraints pertaining to the market growth. Growth in awareness regarding the importance of boron in maintaining soil profile and nutritional balance is the major factor driving the growth of the MEA boron fertilizers machine market. However, issues associated with the inadequate awareness hinder the growth of MEA boron fertilizers market.
The MEA boron fertilizers market is segmented into source, application and country. Based on source, the MEA boron fertilizers market is segmented into boric acid, borax, and others. The borax segment dominated the market in 2020 and boric acid segment is expected to be the fastest growing during the forecast period. By application, the boron fertilizers market is segmented into oilseed and pulses, fruits and vegetables, cereals and grains, and others. The fruits and vegetables segment dominated the MEA boron fertilizers market in terms of value in 2020 and is expected to register the highest CAGR during the forecast period 2021-2028.
North America Boron Fertilizers Market Forecast to 2028 COVID19 Impact and Regional Analysis By Source (Boric Acid, Borax, and Others) and Application (Fruits and Vegetables, Cereals and Grains, Oilseeds and Pulses, and Others)
Borax Segment to Dominate North America Boron Fertilizers Market during 2021-2028.
According to a new market research study on “North America Boron Fertilizers Market to 2028 - COVID19 Impact and Analysis and Forecast by: Source and Application,” the market is expected to reach US$ 846.81 million by 2028 from US$ 491.78 million in 2021. The market is estimated to grow at a CAGR of 8.1% from 2021 to 2028. The report provides trends prevailing in the North America boron fertilizers market along with the drivers and restraints pertaining to the market growth. Growing awareness regarding the importance of boron in maintaining soil profile and nutritional balance is the major factor driving the growth of the North America boron fertilizers machine market. However, issues associated with the absence of awareness hinder the growth of North America boron fertilizers market.
The North America boron fertilizers market is segmented into source, application and country. Based on source, the North America boron fertilizers market is segmented into boric acid, borax, and others. The borax segment dominated the market in 2020 and boric acid segment is expected to be the fastest growing during the forecast period. By application, the boron fertilizers market is segmented into oilseed and pulses, fruits and vegetables, cereals and grains, and others. The fruits and vegetables segment dominated the North America boron fertilizers market in terms of value in 2020 and is expected to register the highest CAGR during the forecast period 2021-2028.
Boron Fertilizers Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Source and Application
The boron fertilizers market was valued at US$ 2,272.48 million in 2020 and is projected to reach US$ 4,316.08 million by 2028; it is expected to grow at a CAGR of 8.35% during 2020-2028.
Boron fertilizer is a micronutrient fertilizer that contains boron in it. Boron is a micronutrient required in small quantities for the decent growth of a plant and good yield. Growing awareness regarding the importance of boron in maintaining soil profile and nutritional balances of plants propels the growth of the market. However, the lack of awareness among farmers regarding the use of boron fertilizers and other micronutrients for proper crop growth and yield enhancement hampers the adoption of boron fertilizers in developing and least developed countries.
Based on source, boron fertilizers market is segmented into boric acid, borax, and others. The borax segment dominated the market in 2020 and is expected to maintain its dominance during the forecast period. Borax is a highly soluble boron source. It is readily absorbed by plants and has a major impact on all growth parameters. Since borax is extracted from boron, adding it to the soil helps plants grow in terms of health, development, and reproduction.
The global boron fertilizers market is segmented into five main regions-North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and South and Central America (SCAM). In 2020, Asia-Pacific accounted for the largest share in the global boron fertilizers market. The boron fertilizer industry in the countries across this region has experienced a huge shift over the years. The market growth in Asia-Pacific is driven by the increasing awareness among the farmers regarding the importance of micronutrients coupled with the rising production of fruits and vegetables in the region. In the Asia-Pacific, there is a significant decrease in arable land due to rapid urbanization. This generates the need to conversion and utilization of the remaining portion of infertile and barren land for agricultural purposes by infusing effective micronutrients such as boron, iron, zinc, and others into the soil. The rise in focus toward land efficiency demands the use of micronutrients, such as boron fertilizers.
A few of the major key players operating in the global boron fertilizers market are Eti Maden, Minera Santa Rita S.R.L., ORO AGRI Europe, Valagro S.P.A., The Mosaic Company, Quiborax, Quimical Tierra, Rose Mill Co., MCC Russian Bor, and Yara.
The size of overall global boron fertilizers market has been derived using both primary and secondary source. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data, as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the boron fertilizers market.
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