Global Boron Fertilizers Market is accounted for $2,665.37 million in 2020 and is expected to reach $5,839.30 million by 2028 growing at a CAGR of 10.3% during the forecast period. Increasing awareness regarding the importance of boron in maintaining soil profile and nutritional balance and growing adoption of precision agriculture are the major factors propelling the market growth.
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By geography, The Asia Pacific is accounted for the largest share in the market during the forecast period due to an increase in investment in the agriculture and horticulture sector. Among the countries of Asia Pacific, China is the largest producer and consumer of boron fertilizers, which account for 60% of total consumption and production across the globe.
Some of the key players profiled in the Boron Fertilizers Market include Eti Mine Works, Russian Bor, Minera Santa Rita S.R.L., ORO AGRI Europe, Quiborax, Yara International, Mill Rose Inc, The Mosaic Company, Valagro S.P.A., Borax, Searles Valley Minerals, Semi Conductor Laboratory (SCL), Inkabor, Oriental Chemical Works Pvt. Ltd, and Compass Minerals International.
Types Covered in Boron Fertilizers Market
• Boric Acid
• Borax
• Other Types
Applications Covered:
• Cereals and Grains
• Fruits and Vegetables
• Oilseeds and Pulses
• Other Applications
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