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The magnesium nitrate hexahydrate market size is forecast to increase by USD 179.96 million at a CAGR of 4.79% between 2023 and 2028. The market is experiencing significant growth due to several key trends. Firstly, the increasing demand from major agricultural countries is driving market growth. Secondly, the adoption of precision farming techniques is leading to increased usage as it provides precise nutrient delivery to crops. Additionally, the rising popularity of other nutrient-based fertilizers is contributing to market growth. However, health concerns related to nitrogenous fertilizers and the availability of alternative sources for magnesium are potential challenges that may impact market growth. Overall, the market is expected to witness steady growth in the coming years due to these factors.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Component
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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