According to Inkwood Research, the Global Boron Fertilizers Market is projected to record a CAGR of 7.76% in terms of revenue over the forecasting period of 2023-2032.
“Browse 41 Market Data Tables and 42 Figures spread over 215 Pages, along with an in-depth TOC on the Global Boron Fertilizers Market Forecast 2023-2032.”
Boron fertilizers are essential tools in modern agriculture, formulated to address the specific micronutrient needs of plants. Although plants need boron in smaller quantities compared to primary macronutrients, this micronutrient plays a pivotal role in facilitating plant growth and development. These fertilizers are available in diverse formulations, encompassing solid compounds such as borax and boric acid, as well as liquid solutions and boron-coated granules.
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Demand for Better Soil Profiles & Nutrition Equilibrium to Boost Global Market Growth
Soil pollution is increasingly degrading soil quality worldwide. This contamination not only threatens agricultural productivity but also poses health and environmental risks. Consequently, there is a growing recognition of the pressing requirement to confront soil pollution and enhance soil quality. This has resulted in an increased uptake of soil remediation methodologies and sustainable agricultural approaches, which include the application of micronutrient fertilizers like boron, aimed at rejuvenating and safeguarding our soils for the well-being of future generations.
Fruits & Vegetables: Major Application in 2022
Boron is a crucial element for the elongation of pollen tubes, a process necessary for the fertilization of flowers, ultimately resulting in fruit formation. Insufficient boron levels can lead to issues such as fruit drop and diminished fruit quality in plants.
Asia-Pacific to Rise with Notable CAGR by 2032
The Asia-Pacific region is experiencing an upsurge in demand for essential staple cereals like rice and wheat, primarily due to the necessity of providing sustenance for its continually growing population. Also, some of the major enterprises operating in the global boron fertilizers market include Eti Maden, ORO AGRI Europe, The Mosaic Company, etc.
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Inkwood Research specializes in syndicated & customized research reports and consulting services. Market intelligence studies with relevant fact-based research are customized across industry verticals such as technology, automotive, chemicals, materials, healthcare, and energy, with an objective comprehension that acknowledges the business environments. Our geographical analysis comprises North & South America, CEE, CIS, the Middle East, Europe, Asia, and Africa.