South America Boron Fertilizers Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Source (Boric Acid, Borax, and Others) and Application (Fruits and Vegetables, Cereals and Grains, Oilseeds and Pulses, and Others)

Market Introduction

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.

Market Overview and Dynamics

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.

Key Market Segments

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.

Major Sources and Companies Listed

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 among others.

Reasons to buy report

• To understand the SAM boron fertilizers market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for SAM boron fertilizers market
• Efficiently plan M&A and partnership deals in SAM boron fertilizers market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form SAM boron fertilizers market
• Obtain market revenue forecast for market by various segments from 2021-2028 in SAM region.

SAM Boron Fertilizers Market Segmentation

SAM Boron Fertilizers Market -By Source

• Boric Acid
• Borax
• Others

SAM Boron Fertilizers Market -By Application

• Fruits and Vegetables
• Cereals and Grains
• Oilseeds and Pulses
• Others

SAM Boron Fertilizers Market -By Country

• Brazil
• Argentina
• Rest of SAM

SAM Boron Fertilizers Market -Company Profiles

• 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.
• Yara

1. Eti Maden
2. MCC Russian Bor
3. Minera Santa Rita S.R.L
4. ORO AGRI Europe
5. Quiborax
6. Quimical Tierra
7. Rose Mill Co.
8. The Mosaic Company
9. Valagro S.P.A.
10. Yara

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the SAM Boron Fertilizers Market.
• Highlights key business priorities in order to assist companies to realign their business strategies
• The key findings and recommendations highlight crucial progressive industry trends in the SAM Boron Fertilizers market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth SAM market trends and outlook coupled with the factors driving Boron Fertilizers market, as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.