The Boron Fertilizers Global Market Report 2023, provides comprehensive information on the boron fertilizers market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global boron fertilizers market size is expected to grow from $2.54 billion in 2022 to $2.77 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of boron fertilizers market is expected to reach $3.78 billion in 2027 at a CAGR of 8.1%.
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Product innovation is the key trend gaining popularity in the boron fertilizers market. Major companies operating in the boron fertilizer market are focusing on developing new products. For instance, in January 2021, U.S. Borax, a US-based leader in the production, supply, and science of borates, launched ANHYBOR boron fertilizer to meet the boron demand. This fertilizer’s unique feature is that it provides two methods of application: as a coating on various fertilizer products, like NPK blends, and as a compound fertilizer enhanced with boron. The product is entirely water soluble, yet it does not rehydrate when stored normally. The fertilizer manufacturing process benefits when ANHYBOR is introduced to compound fertilizers before granulation or compaction. As less material is required to produce the desired boron concentration, its high boron content is advantageous when making compound fertilizers.
The boron fertilizers market is segmented:
1) By Fertilizer Type: Boric Acid, Borax, Boron Calcium Nitrate, Boron Humate, Other Types
2) By Crop Type: Cereals And Grains, Fruits And Vegetables, Oilseeds And Pulses, Other Crop Types
3) By Application Method: Foliar Spray, Soil Treatment, Fertigation
4) By End-Use: Agriculture, Horticulture, Floriculture, Other End Uses
Asia-Pacific was the largest region in the boron fertilizers market in 2022.
The table of contents in TBRC’s boron fertilizers market report includes:
- Executive Summary
- Market Characteristics
- Market Trends And Strategies
- Impact Of COVID-19
- Market Size And Growth
- Segmentation
- Regional And Country Analysis
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- Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
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