Key Highlights:
Problem Statement
The manufacturers are focusing on expanding their product portfolio in various countries by studying the historical trends and thereby maintaining a competitive position in this market. Meticulous Team confirmed this when they worked a case about the agricultural micronutrients market.
In the second week of March 2020, a client, one of the leading manufacturers of the agricultural micronutrients in the U.S. market, wanted to know about the market trend of the agricultural micronutrients along with the sales occurred from 2016 to 2020 in Asia-Pacific. The soil in most Asian countries is deficient in various macro and micronutrients. In the last few decades, governments have shifted their focus on nutrient management in soil. Thus, the client wanted to start expanding from the Asia-Pacific region by considering the historical trends. This information helped the client to identify the potential product type and thereby develop a business strategy accordingly.