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GLOBAL BORON FERTILIZERS MARKET FORECAST 2023-2032

SCOPE OF THE REPORT

Global Boron Fertilizers Market by Source (Boric Acid, Borax, Other Sources) Market by Application (Fruits & Vegetables, Cereals & Grains, Oil Seeds & Pulses, Other Applications) by Geography


MARKET OVERVIEW

The global boron fertilizers market was valued at $xx million in 2022 and is expected to reach $xx million by 2032, growing at a CAGR of 7.76% during the forecast period, 2023-2032. 

Boron fertilizers are essential tools in modern agriculture formulated to address the specific micronutrient needs of plants. Boron, though required in smaller quantities than primary macronutrients, plays a critical role in plant growth and development. These fertilizers come in various forms, including solid compounds like borax and boric acid, liquid solutions, and boron-coated granules. Their application methods range from soil incorporation to foliar spraying, depending on the crop and the existing boron levels in the soil. 

The careful management of boron fertilizers is paramount, as excessive boron can be detrimental to plant health. Therefore, soil testing and expert guidance are essential for determining the most suitable boron fertilizer and application strategy for specific crops and growing conditions. These fertilizers ensure that plants receive the necessary boron to support cell wall formation, sugar transport, and successful reproductive processes, ultimately leading to healthier crops and increased yields.

Boron Fertilizers Market

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GROWTH ENABLERS

Key growth enablers of the global boron fertilizers market are:

  • Growing demand for better soil profiles and nutrition equilibrium
    • Soil pollution is increasingly degrading soil quality worldwide. This threatens agricultural productivity and poses health and environmental risks. Consequently, there is a growing awareness about the urgent need to address soil pollution and improve soil quality. This has led to increased adoption of soil remediation techniques and sustainable farming practices, including the use of micronutrient fertilizers like boron to revitalize and protect the soil.
    • Boron helps regulate soil pH levels, preventing soil acidity or alkalinity from inhibiting nutrient availability to plants. Balanced pH supports the uptake of other essential nutrients.
    • Further, boron aids in the absorption of essential nutrients by plant roots, ensuring that plants have access to other vital nutrients like calcium, magnesium, and phosphorus.
  • Higher boron requirements due to crop diversification 
  • Advancements in soil testing and precision agriculture
  • Rising awareness about soil micronutrients

GROWTH RESTRAINTS

Key factors restraining the global boron fertilizers market growth are:

  • Availability of organic substitutes
    • Organic farming practices and a growing consumer preference for organic products have prompted farmers to explore alternative methods of meeting their nutrient requirements. Thus, organic amendments and micronutrient mixtures have gained traction as sustainable and eco-friendly options.
    • While these organic substitutes align with the principles of organic farming, they may not deliver boron in the precise and controlled manner like conventional boron fertilizers.
    • Moreover, some governments and regulatory bodies have introduced incentives and policies that promote organic farming and limit the use of synthetic chemical inputs. For instance, the Cabinet Committee on Economic Affairs (CCEA) in India has introduced the ‘Promotion of Alternate Nutrients for Agriculture Management Yojana (PRANAM)’ scheme, with the objective of encouraging the balanced utilization of fertilizers in conjunction with bio-fertilizers. The government has earmarked a total budget of $44.44 billion for the implementation of these programs.
  • Boron fertilizers are more expensive than primary nutrient sources
  • Overapplication of boron fertilizers can be toxic for the crops

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KEY MARKET TRENDS

Global Boron Fertilizers Market | Top Trends

  • With India ranking third globally in Agri-tech finance and the number of Agri-tech start-ups, the country has witnessed a transformative shift toward modernizing its agricultural practices. The resultant investments are fueling the adoption of best agricultural practices and fostering awareness about the significance of micronutrients like boron. 
  • According to the Observer Research Foundation (ORF), climate change has a multifaceted impact on ecosystems, particularly by disturbing the delicate balance between crops, pests, weeds, and pollinators. Changing temperature and precipitation patterns alongside extreme weather events can lead to soil erosion, nutrient imbalances, and reduced microbial activity. Boron fertilizers are crucial in mitigating the adverse effects of climate change and sustaining agricultural productivity.

MARKET SEGMENTATION

Market Segmentation – Source and Application –

Market by Source: 

  • Boric Acid
  • Borax
    • Borax is a naturally occurring mineral compound consisting of sodium, boron, and oxygen. It is versatile and effective in providing essential boron to plants.
    • Borax is a reliable source of boron. Its application to the soil ensures that plants have access to the necessary boron levels to support cell wall formation, sugar transport, and flowering processes, all of which are vital for optimal crop production.
    • Furthermore, borax is favored for its ease of use and cost-effectiveness. It is available in a granular form, making it convenient for incorporation into the soil. Unlike some other boron compounds, borax is water-soluble and can be distributed evenly through irrigation systems or used as a foliar spray, ensuring efficient boron delivery to plants.
  • Other Sources

Market by Application:

  • Fruits & Vegetables
  • Boron is essential for pollen tube elongation, which enables the fertilization of flowers, leading to the formation of fruit. Without adequate boron, plants can experience fruit drop and reduced fruit quality.
  • Boron also influences the transport of sugars within plants, aiding in the movement of photosynthates from leaves to various plant parts. This is crucial for the development of sweet, flavorful fruits and vegetables. Hence, crops like grapes, dependent on sugar content for their taste and quality, benefit greatly from adequate boron levels.
  • Boron helps enhance the nutritional quality of fruits and vegetables. It contributes to the formation of secondary metabolites, including certain vitamins and phenolic compounds that are beneficial for human health.
  • Cereals & Grains
  • Oil Seeds & Pulses
  • Other Applications

GEOGRAPHICAL STUDY

Geographical Study based on Four Major Regions: 

  • North America: The United States and Canada
  • Europe: The United Kingdom, France, Germany, Spain, Italy, Poland, Belgium, and Rest of Europe
  • Asia-Pacific: China, Japan, India, South Korea, Indonesia, Thailand, Vietnam, Australia & New Zealand, and Rest of Asia-Pacific
    • Several nations in Asia-Pacific, like China and India, have vast expanses of arable land dedicated to cultivation. The sheer size and diversity of crops grown in this region necessitate the use of boron fertilizers to address soil deficiencies and ensure optimal nutrient levels. The rising demand for such crops, driven by population growth and changing dietary preferences, further fuels the need for boron fertilizers to maximize crop yields and maintain soil fertility.
    • In addition, Asia-Pacific is witnessing a surging demand for staple cereals such as rice and wheat, driven by the need to feed its ever-expanding population. Boron, an essential micronutrient, plays a crucial role in grain development, ensuring higher crop yields and quality. Thus, as rice and wheat production remains a top priority in Asia-Pacific, the use of boron fertilizers becomes instrumental in addressing potential boron deficiencies in the soil.

Rest of World: Latin America, the Middle East, and Africa

MAJOR PLAYERS

  • Some of the major players in the global boron fertilizers market are:

    • Eti Maden
    • Minera Santa Rita S.R.L.
    • ORO AGRI Europe
    • Valagro SpA
    • The Mosaic Company

    Key strategies adopted by some of these companies:

    • In April 2021, Acron Group created a range of NPK complex mineral fertilizers designed specifically for cultivating cereal crops in both Western and Eastern Africa. During 2021, Acron dispatched more than 25,000 metric tons of its fresh NPK product lines to nations within this geographic area.
    • In January 2021, U.S. Borax introduced ANHYBOR® and ZINCUBOR® as innovative solutions to address the challenges associated with zinc and boron deficiencies that agricultural producers encounter.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2032
Base Year2022
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Million)
Segments AnalyzedSource and Application
Geographies AnalyzedNorth America, Europe, Asia-Pacific, and Rest of World
Companies Analyzed

Honeywell International Inc., Eti Maden, Minera Santa Rita S.R.L, ORO AGRI Europe, Valagro SpA, The Mosaic Company, Quiborax, Rose Mill Co, MCC Russian Bor Jsc, Yara International ASA

TABLE OF CONTENTS
  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
    3. SCOPE OF STUDY
    4. CRISIS SCENARIO ANALYSIS
      1. IMPACT OF COVID-19 ON BORON FERTILIZERS MARKET
    5. MAJOR MARKET FINDINGS
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. GROWING DEMAND FOR BETTER SOIL PROFILES AND NUTRITION EQUILIBRIUM
      2. HIGHER BORON REQUIREMENTS DUE TO CROP DIVERSIFICATION 
      3. ADVANCEMENTS IN SOIL TESTING AND PRECISION AGRICULTURE
      4. RISING AWARENESS ABOUT SOIL MICRONUTRIENTS 
    2. KEY RESTRAINTS
      1. AVAILABILITY OF ORGANIC SUBSTITUTES
      2. BORON FERTILIZERS ARE MORE EXPENSIVE THAN PRIMARY NUTRIENT SOURCES
      3. OVERAPPLICATION OF BORON FERTILIZERS CAN BE TOXIC FOR THE CROPS
  4. KEY ANALYTICS
    1. KEY MARKET TRENDS
      1. RISING INVESTMENTS IN THE AGRICULTURE SECTOR WILL BOOST DEMAND
      2. CLIMATE CHANGE IS DETERIORATING SOIL QUALITY
    2. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    3. GROWTH PROSPECT MAPPING
      1. GROWTH PROSPECT MAPPING FOR UNITED STATES
      2. GROWTH PROSPECT MAPPING FOR GERMANY
      3. GROWTH PROSPECT MAPPING FOR CHINA
      4. GROWTH PROSPECT MAPPING FOR MIDDLE EAST & AFRICA
    4. MARKET MATURITY ANALYSIS
    5. MARKET CONCENTRATION ANALYSIS
  5. MARKET BY SOURCE
    1. BORIC ACID
      1. MARKET FORECAST FIGURE
      2. SEGMENTATION ANALYSIS
    2. BORAX
      1. MARKET FORECAST FIGURE
      2. SEGMENTATION ANALYSIS
    3. OTHER SOURCES
      1. MARKET FORECAST FIGURE
      2. SEGMENTATION ANALYSIS
  6. MARKET BY APPLICATION
    1. FRUITS & VEGETABLES
      1. MARKET FORECAST FIGURE
      2. SEGMENTATION ANALYSIS
    2. CEREALS & GRAINS
      1. MARKET FORECAST FIGURE
      2. SEGMENTATION ANALYSIS
    3. OIL SEEDS & PULSES
      1. MARKET FORECAST FIGURE
      2. SEGMENTATION ANALYSIS
    4. OTHER APPLICATIONS
      1. MARKET FORECAST FIGURE
      2. SEGMENTATION ANALYSIS
  7. GEOGRAPHICAL ANALYSIS
    1. NORTH AMERICA
      1. MARKET SIZE & ESTIMATES
      2. NORTH AMERICA BORON FERTILIZERS MARKET DRIVERS
      3. NORTH AMERICA BORON FERTILIZERS MARKET CHALLENGES
      4. NORTH AMERICA BORON FERTILIZERS MARKET REGULATORY FRAMEWORK
      5. KEY PLAYERS IN NORTH AMERICA BORON FERTILIZERS MARKET
      6. COUNTRY ANALYSIS
        1. UNITED STATES
          1. UNITED STATES BORON FERTILIZERS MARKET SIZE & OPPORTUNITIES
        2. CANADA
          1. CANADA BORON FERTILIZERS MARKET SIZE & OPPORTUNITIES
    2. EUROPE
      1. MARKET SIZE & ESTIMATES
      2. EUROPE BORON FERTILIZERS MARKET DRIVERS
      3. EUROPE BORON FERTILIZERS MARKET CHALLENGES
      4. EUROPE BORON FERTILIZERS MARKET REGULATORY FRAMEWORK
      5. KEY PLAYERS IN EUROPE BORON FERTILIZERS MARKET
      6. COUNTRY ANALYSIS
        1. UNITED KINGDOM
          1. UNITED KINGDOM BORON FERTILIZERS MARKET SIZE & OPPORTUNITIES
        2. GERMANY
          1. GERMANY BORON FERTILIZERS MARKET SIZE & OPPORTUNITIES
        3. FRANCE
          1. FRANCE BORON FERTILIZERS MARKET SIZE & OPPORTUNITIES
        4. ITALY
          1. ITALY BORON FERTILIZERS MARKET SIZE & OPPORTUNITIES
        5. SPAIN
          1. SPAIN BORON FERTILIZERS MARKET SIZE & OPPORTUNITIES
        6. BELGIUM
          1. BELGIUM BORON FERTILIZERS MARKET SIZE & OPPORTUNITIES
        7. POLAND
          1. POLAND BORON FERTILIZERS MARKET SIZE & OPPORTUNITIES
        8. REST OF EUROPE
          1. REST OF EUROPE BORON FERTILIZERS MARKET SIZE & OPPORTUNITIES
    3. ASIA-PACIFIC
      1. MARKET SIZE & ESTIMATES
      2. ASIA-PACIFIC BORON FERTILIZERS MARKET DRIVERS
      3. ASIA-PACIFIC BORON FERTILIZERS MARKET CHALLENGES
      4. ASIA-PACIFIC BORON FERTILIZERS MARKET REGULATORY FRAMEWORK
      5. KEY PLAYERS IN ASIA-PACIFIC BORON FERTILIZERS MARKET
      6. COUNTRY ANALYSIS
        1. CHINA
          1. CHINA BORON FERTILIZERS MARKET SIZE & OPPORTUNITIES
        2. JAPAN
          1. JAPAN BORON FERTILIZERS MARKET SIZE & OPPORTUNITIES
        3. INDIA
          1. INDIA BORON FERTILIZERS MARKET SIZE & OPPORTUNITIES
        4. SOUTH KOREA
          1. SOUTH KOREA BORON FERTILIZERS MARKET SIZE & OPPORTUNITIES
        5. INDONESIA
          1. INDONESIA BORON FERTILIZERS MARKET SIZE & OPPORTUNITIES
        6. THAILAND
          1. THAILAND BORON FERTILIZERS MARKET SIZE & OPPORTUNITIES
        7. VIETNAM
          1. VIETNAM BORON FERTILIZERS MARKET SIZE & OPPORTUNITIES
        8. AUSTRALIA & NEW ZEALAND
          1. AUSTRALIA & NEW ZEALAND BORON FERTILIZERS MARKET SIZE & OPPORTUNITIES
        9. REST OF ASIA-PACIFIC
          1. REST OF ASIA-PACIFIC BORON FERTILIZERS MARKET SIZE & OPPORTUNITIES
    4. REST OF WORLD
      1. MARKET SIZE & ESTIMATES
      2. REST OF WORLD BORON FERTILIZERS MARKET DRIVERS
      3. REST OF WORLD BORON FERTILIZERS MARKET CHALLENGES
      4. REST OF WORLD BORON FERTILIZERS MARKET REGULATORY FRAMEWORK
      5. KEY PLAYERS IN REST OF WORLD BORON FERTILIZERS MARKET
      6. REGIONAL ANALYSIS
        1. LATIN AMERICA
          1. LATIN AMERICA BORON FERTILIZERS MARKET SIZE & OPPORTUNITIES
        2. MIDDLE EAST & AFRICA
          1. MIDDLE EAST & AFRICA BORON FERTILIZERS MARKET SIZE & OPPORTUNITIES
  8. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS & AGREEMENTS
      4. BUSINESS EXPANSIONS & DIVESTITURES
    2. COMPANY PROFILES
      1. ETI MADEN
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      2. HONEYWELL INTERNATIONAL INC
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      3. MCC RUSSIAN BOR JSC
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      4. MINERA SANTA RITA SRL
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      5. ORO AGRI EUROPE
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      6. QUIBORAX
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      7. ROSE MILL CO
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      8. THE MOSAIC COMPANY
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      9. VALAGRO SPA
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      10. YARA INTERNATIONAL ASA
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – BORON FERTILIZERS

TABLE 2: GLOBAL BORON FERTILIZERS MARKET, BY SOURCE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 3: GLOBAL BORON FERTILIZERS MARKET, BY SOURCE, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 4: GLOBAL BORIC ACID MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 5: GLOBAL BORIC ACID MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 6: GLOBAL BORAX MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 7: GLOBAL BORAX MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 8: GLOBAL OTHER SOURCES MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 9: GLOBAL OTHER SOURCES MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 10: GLOBAL BORON FERTILIZERS MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 11: GLOBAL BORON FERTILIZERS MARKET, BY APPLICATION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 12: GLOBAL FRUITS & VEGETABLES MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 13: GLOBAL FRUITS & VEGETABLES MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 14: GLOBAL CEREALS & GRAINS MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 15: GLOBAL CEREALS & GRAINS MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 16: GLOBAL OIL SEEDS & PULSES MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 17: GLOBAL OIL SEEDS & PULSES MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 18: GLOBAL OTHER APPLICATIONS MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 19: GLOBAL OTHER APPLICATIONS MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 20: GLOBAL BORON FERTILIZERS MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 21: GLOBAL BORON FERTILIZERS MARKET, BY GEOGRAPHY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 22: NORTH AMERICA BORON FERTILIZERS MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 23: NORTH AMERICA BORON FERTILIZERS MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 24: NORTH AMERICA BORON FERTILIZERS MARKET REGULATORY FRAMEWORK

TABLE 25: KEY PLAYERS OPERATING IN NORTH AMERICA BORON FERTILIZERS MARKET

TABLE 26: EUROPE BORON FERTILIZERS MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 27: EUROPE BORON FERTILIZERS MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 28: EUROPE BORON FERTILIZERS MARKET REGULATORY FRAMEWORK

TABLE 29: KEY PLAYERS OPERATING IN EUROPE BORON FERTILIZERS MARKET

TABLE 30: ASIA-PACIFIC BORON FERTILIZERS MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 31: ASIA-PACIFIC BORON FERTILIZERS MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 32: ASIA-PACIFIC BORON FERTILIZERS MARKET REGULATORY FRAMEWORK

TABLE 33: KEY PLAYERS OPERATING IN ASIA-PACIFIC BORON FERTILIZERS MARKET

TABLE 34: REST OF WORLD BORON FERTILIZERS MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 35: REST OF WORLD BORON FERTILIZERS MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 36: REST OF WORLD BORON FERTILIZERS MARKET REGULATORY FRAMEWORK

TABLE 37: KEY PLAYERS OPERATING IN REST OF WORLD BORON FERTILIZERS MARKET

TABLE 38: LIST OF MERGERS & ACQUISITIONS

TABLE 39: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 40: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 41: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES 

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: GROWTH PROSPECT MAPPING FOR UNITED STATES

FIGURE 4: GROWTH PROSPECT MAPPING FOR GERMANY

FIGURE 5: GROWTH PROSPECT MAPPING FOR CHINA

FIGURE 6: GROWTH PROSPECT MAPPING FOR MIDDLE EAST & AFRICA

FIGURE 7: MARKET MATURITY ANALYSIS

FIGURE 8: MARKET CONCENTRATION ANALYSIS

FIGURE 9: GLOBAL BORON FERTILIZERS MARKET, GROWTH POTENTIAL, BY SOURCE, IN 2022

FIGURE 10: GLOBAL BORON FERTILIZERS MARKET, BY BORIC ACID, 2023-2032 (IN $ MILLION)

FIGURE 11: GLOBAL BORON FERTILIZERS MARKET, BY BORAX, 2023-2032 (IN $ MILLION)

FIGURE 12: GLOBAL BORON FERTILIZERS MARKET, BY OTHER SOURCES, 2023-2032 (IN $ MILLION)

FIGURE 13: GLOBAL BORON FERTILIZERS MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2022

FIGURE 14: GLOBAL BORON FERTILIZERS MARKET, BY FRUITS & VEGETABLES, 2023-2032 (IN $ MILLION)

FIGURE 15: GLOBAL BORON FERTILIZERS MARKET, BY CEREALS & GRAINS, 2023-2032 (IN $ MILLION)

FIGURE 16: GLOBAL BORON FERTILIZERS MARKET, BY OIL SEEDS & PULSES, 2023-2032 (IN $ MILLION)

FIGURE 17: GLOBAL BORON FERTILIZERS MARKET, BY OTHER APPLICATIONS, 2023-2032 (IN $ MILLION)

FIGURE 18: NORTH AMERICA BORON FERTILIZERS MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 19: UNITED STATES BORON FERTILIZERS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 20: CANADA BORON FERTILIZERS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 21: EUROPE BORON FERTILIZERS MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 22: UNITED KINGDOM BORON FERTILIZERS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 23: GERMANY BORON FERTILIZERS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 24: FRANCE BORON FERTILIZERS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 25: ITALY BORON FERTILIZERS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 26: SPAIN BORON FERTILIZERS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 27: BELGIUM BORON FERTILIZERS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 28: POLAND BORON FERTILIZERS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 29: REST OF EUROPE BORON FERTILIZERS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 30: ASIA-PACIFIC BORON FERTILIZERS MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 31: CHINA BORON FERTILIZERS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 32: JAPAN BORON FERTILIZERS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 33: INDIA BORON FERTILIZERS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 34: SOUTH KOREA BORON FERTILIZERS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 35: INDONESIA BORON FERTILIZERS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 36: THAILAND BORON FERTILIZERS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 37: VIETNAM BORON FERTILIZERS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 38: AUSTRALIA & NEW ZEALAND BORON FERTILIZERS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 39: REST OF ASIA-PACIFIC BORON FERTILIZERS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 40: REST OF WORLD BORON FERTILIZERS MARKET, REGIONAL OUTLOOK, 2022 & 2032 (IN %)

FIGURE 41: LATIN AMERICA BORON FERTILIZERS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 42: MIDDLE EAST & AFRICA BORON FERTILIZERS MARKET, 2023-2032 (IN $ MILLION)

FAQ’s

FAQs

A: Boron is crucial for flower development, successful fruit setting, cell wall formation, and sugar transport in fruits and vegetables. It improves crop quality, yield, and nutritional content, making it essential for these crops.

A: There are no direct substitutes for boron when addressing boron deficiencies. However, organic amendments and micronutrient mixtures can indirectly contribute to improved boron levels in the soil, although not as precisely as boron fertilizers.

A: Boron is required by most crops, but the optimal application rate may vary by crop and soil type.