Why are Sales of Agricultural Micronutrients Predicted to Skyrocket in Asia-Pacific in Future?

With the boom of the global population, the demand for food products is rising rapidly across the world. This is, in turn, pushing up the requirement for higher agricultural productivity and crop yield. As per the findings of the United Nations Department of Economic and Social Affairs (UNDESA), the total population in the world was 7.6 billion in 2017. Furthermore, the organization estimates that the global population would increase to around 9.8 billion by 2050.

This is boosting the requirement for high-value crops such as vegetables, fruits, and nuts that require very high amounts of micronutrients. According to the Food and Agriculture Organization, which is an United Nations agency, the total production of vegetables and fruits in the world was 1,941.1 million tons in 2016, which was 15.9% greater than the 1,674.1 million tons produced globally in 2010. With the surge of the global population, the demand for horticulture crops is also going up.


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Moreover, in many countries, the farmers are increasingly being asked to enhance the agricultural productivity and increase the volume of the crops being grown. As a result, they are adopting methods and using materials such as agricultural micronutrients for maximizing the crop yield and achieving the optimum utilization of farmlands. Additionally, the governments of many countries such as India are launching initiatives such as contract farming for increasing farmers’ income and driving growth in the agriculture sector.


These kinds of initiatives are predicted to push up the income of farmers and fuel the sales of agricultural micronutrients as these materials will be required in huge amounts for the high-volume farming of crops. The rise in the sales of agricultural micronutrients will propel the expansion of the global agricultural micronutrients market. Iron, boron, zinc, molybdenum, and manganese are the most commonly used types of agricultural micronutrients around the world.