South America Boron Fertilizers Market
South America (SAM) includes countries such as Brazil, Argentina, and the rest of SAM. SAM is contributing to the growth of boron fertilizers in relation to the expansion of agricultural facilities. Different types of micronutrients such as boron fertilizers are applied for several types of crops and at different stages to boost the growth of plant. SAM is the fastest-developing food market across the world but is less mature and slow compared to other regions. Brazil is the largest contributor in consumption of boron fertilizers followed by Argentina and other countries such as Chile, Panama, and Peru. The rising utilization of fertilizers in the agricultural process to boost the productivity is also propelling the demand of boron fertilizers. Further, the continuous advancement in the agricultural base is also expected to have a positive impact on the growth of the market to a large extent. The region has huge growth opportunity for the boron fertilizers market. Such fertilizers are increasingly being used in the production of corn in South & Central America South & Central America to support the growth of the plants. Also, 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 market.
Brazil has the highest number of COVID-19 cases, followed by Argentina, Peru, Chile, and Ecuador, among others. The government of SAM has taken an array of actions to protect their citizens and contain COVID-19’s spread. It is anticipated that SAM will face lower export revenues, both from the dropping commodity prices and reduction in export volumes, especially to China, Europe, and the US, which are important trade partners. Containment measures in several countries of SAM will reduce economic activity in the manufacturing and service sectors for at least the next quarter, with a rebound once the epidemic is contained.
Strategic insights for the South America Boron Fertilizers provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 382.17 Million |
| Market Size by 2028 | US$ 680.65 Million |
| Global CAGR (2021 - 2028) | 8.6% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Source
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
The geographic scope of the South America Boron Fertilizers refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The boron fertilizers market in SAM, 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 exotic fruits & vegetable market is set to experience growth owing to an upsurge in disposable income, rising middle-class population, changing consumer lifestyles, rapid urbanization, and rise in veganism. The significant trends observed in this market include increased demand for exotic fruits, technological advancements, increased branding, and the advent of online grocery shopping. With the increasing obesity cases in major countries and awareness regarding healthy food diet, consumers are gradually moving toward healthy foods over the past decade. Trendy diets such as the raw food diet and paleo diet underline the health benefits of exotic vegetables and fruits. These types of diets are most appealing to the younger segment of the population. Recently, exotic fruits & vegetables have taken prominence over indigenous vegetables, which is probably due to increased awareness of health benefits derivable from their consumption and their inclusions in African food delicacies and diet, particularly among growing urban populations.
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.
A few major primary and secondary sources referred to for preparing this report on the boron fertilizers market in SAM are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Eti Maden; MCC Russian Bor; Minera Santa Rita S.R.L; ORO AGRI Europe; Quiborax; Quimical Tierra; Rose Mill Co.; The Mosaic Company; Valagro S.P.A.; and Yara
The South America Boron Fertilizers Market is valued at US$ 382.17 Million in 2021, it is projected to reach US$ 680.65 Million by 2028.
As per our report South America Boron Fertilizers Market, the market size is valued at US$ 382.17 Million in 2021, projecting it to reach US$ 680.65 Million by 2028. This translates to a CAGR of approximately 8.6% during the forecast period.
The South America Boron Fertilizers Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Boron Fertilizers Market report:
The South America Boron Fertilizers Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Boron Fertilizers Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Boron Fertilizers Market value chain can benefit from the information contained in a comprehensive market report.
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