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Golden Grains: Unlocking the Secrets of Crop Micronutrients for Bountiful Harvests
From past few years chemical fertilizers are widely used on crops which is resulting in micronutrient deficiencies in crops. In addition to this, water scarcity and intensive chopping patterns are also increasing the micronutrient deficiencies in crops. The global crop micronutrient market is set to witness growth at a CAGR of 7.4% and top valuation of US$ 8.1 Billion by 2032.
Concerns have been raised by the phrase “food insecurity” among academics, researchers, agronomists, and policymakers all around the world. Food security has gotten a lot of attention recently because of the changing climate and the constant threat posed by anthropogenic activities.
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Key Takeaways:
The crop nutrients market is expected to expand at CAGR of 5.9% and 4.1% in Latin America and the Middle East & Africa respectively through 2032.
East Asia and South Asia will account for 19.4% and 15.2% respectively in 2022, due to increasing awareness regarding micronutrients among the farmers.
Among the form segment, chelated micronutrients are dominating the crop micronutrient market holding around 78.3% share in 2022 and is expected to grow with CAGR of 4.5% over the forecast period.
By crop type segment, sales of cereals & grains will account for 43.7% of the total market share in 2022 and are expected to grow at a CAGR of 4.0% over the assessment period.
Competitive Landscape
Key players operating in the crop micronutrient market are DowDuPont Inc., Aries Agro Ltd., Baicor L.C., Compass Minerals International, Inc., BASF SE, The Mosaic Company, Western Nutrients Corporation, Nutrien Ltd., Akzo Nobel N.V, and Yara international ASA.
Leading players are getting involved in mergers and acquisitions to expand their global presence. They are also investing in research and development to improve their product portfolios.
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Crop Micronutrients Market By Category
By Form:
Chelated Micronutrients
Non-chelated Micronutrients
By Crop Type:
Cereals & Grains
Pulses and Oilseeds
Fruits & Vegetables
By Product Type:
Boron
Zinc
Copper
Molybdenum
Iron
Manganese
By Application:
Fertigation
Foliar
Soil
Seed Treatment
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Acidic Elegance: Navigating the Cosmetic and Pharmaceutical Dominance of Salicylic Acid
The global salicylic acid market is expected to be valued at US$ 417.8 million in 2022 and US$ 814.2 million by 2032, with a CAGR of 6.9% from 2022 to 2032.
Sales of salicylic acid are increasing as more people become aware of all the benefits the chemical provides.
Salicylic acid demand is expected to increase as more people use ointments that include salicylic acid derivatives like methyl and chlorine salicylate. The demand for packaged foods and beverages is expected to rise through 2032, driving the salicylic acid market’s expansion.
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Salicylic acid sales have expanded in the food and beverage industries, where it helps prevent fermentation and rotting of packaged food goods.
Demand for cosmetics containing salicylic acid is anticipated to rise as the number of persons with acne, warts, blackheads, and whiteheads increases.
Additionally, it is anticipated that the salicylic acid market size would increase over the course of the projection period due to recent advancements in personal care products.
Key Takeaways from Market Study
The global salicylic acid market is expected to expand at CAGRs of 6.9% and over forecasted period.
The European salicylic acid market currently holds one fourth market share globally. U.K., Germany are key countries contributing to growth of European market.
The market is being improved by the premiumization and re-invention of skin care products and hair care products.
Asia Pacific region is set to witness utmost growth, owing to increase productions as well as consumption in countries such as China, India, and Japan.
Competitive Landscape
Key manufacturers of salicylic acid are majorly focusing on research & development to enhance the variety, quality, and innovation in their product specification.
Some of the key companies producing are JM Loveridge Limited, Alfa Aesar, Siddharth Carbochem Products Ltd, Alta Laboratories Ltd, Novacap and Sigma Aldrich etc.
Recent Developments in the Salicylic Acid Market:
In May 2019, the skincare brand The Ordinary released an innovative face mask, Salicylic Acid 2 percent Masque, for EUR 9.90. Salicylic acid is a key ingredient in the product, as are charcoal and clays, which aid in deep cleansing of the skin.
The Salicylic Acid 2 percent Solution, named after the most sought-after acne-fighting ingredient, has made a comeback this month on deciem.com and in Ordinary stores.
Sweet Chef has created pimple patches that contain decongesting salicylic acid, resurfacing carrot, and brightening ginger to treat inflamed skin while minimizing post-acne hyperpigmentation.
Beyond Treating Acne and Preserving Food, Salicylic Acid’s Untapped Potential :
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Explore More Valuable Insights
Future Market Insights, in its new report, offers an impartial analysis of the global Salicylic acid market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
Salicylic Acid Market by Category
By Form:
Liquid
Powder
By End Use Application:
Pharmaceutical
Skin Care
Hair Care
Food Preservatives & Others
Others (Dye Industry etc.)
Gain Understanding of Salicylic Acid – Consult an Analyst About Your Urgent Queries :
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