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Agricultural Micronutrients Market Size, Share, Trends, Growth Outlook

Agricultural Micronutrients Market Size, Share, Trends, Growth Outlook, and Opportunities to 2030- By Type (Zinc, Boron, Iron, Molybdenum, Copper, Manganese, Others), By Crop (Fruits & Vegetables, Cereals & Grains, Oilseeds & Pulses, Others), By Form (Chelated, Non-Chelated), By Application (Soil, Foliar, Fertigation, Others), Countries and Companies Report

The global Agricultural Micronutrients Market is poised to register a 8.2% CAGR from $5.4 Billion in 2024 to $8.7 Billion in 2030.

The global Agricultural Micronutrients Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Type (Zinc, Boron, Iron, Molybdenum, Copper, Manganese, Others), By Crop (Fruits & Vegetables, Cereals & Grains, Oilseeds & Pulses, Others), By Form (Chelated, Non-Chelated), By Application (Soil, Foliar, Fertigation, Others).

An Introduction to Global Agricultural Micronutrients Market in 2024

The agricultural micronutrients market in 2024 reflects the importance of essential trace elements such as zinc, copper, iron, manganese, and boron in plant nutrition, crop productivity, and soil fertility management. Agricultural micronutrients play vital roles in enzymatic processes, photosynthesis, and nutrient uptake, addressing micronutrient deficiencies, improving plant growth, and enhancing yield quality. With soil degradation, climate variability, and nutrient imbalances impacting crop health, the agricultural micronutrients market witnesses increased demand for micronutrient fertilizers, soil amendments, and foliar applications, driving market growth and adoption of micronutrient solutions in modern agriculture globally.

Agricultural Micronutrients Market- Industry Size, Share, Trends, Growth Outlook

Agricultural Micronutrients Market Competitive Landscape

The market report analyses the leading companies in the industry including AgroLiquid, Aries Agro Ltd, ATP Nutrition, Balchem Corp, BASF SE, Blue-Dip Organic Industries, BMS Micro-Nutrients NV, Coromandel International Ltd, Gitaji Pesticides Industries, Green Rise Agro Industries, Haifa Negev Technologies Ltd, Helena Agri-Enterprises LLC, Koch Agronomic Services LLC, Land O’Lakes Inc, Manvert, Napnutriscience, Nouryon, Nufarm, Nutrimax Agro, Stoller Enterprises Inc, Syngenta AG, The Mosaic Company, WILBUR-ELLIS HOLDINGS Inc, Yara International ASA, Zuari Agrochemicals Ltd.

Agricultural Micronutrients Market Dynamics

Agricultural Micronutrients Market Trend: Increasing Focus on Precision Agriculture and Nutrient Management

A prominent trend in the agricultural micronutrients market is the increasing focus on precision agriculture and nutrient management. With growing awareness of the importance of micronutrients in crop health and productivity, farmers are adopting precision agriculture techniques to optimize nutrient applications and enhance crop yields. Micronutrients such as zinc, iron, manganese, and copper play essential roles in plant growth, photosynthesis, and stress tolerance. By utilizing advanced technologies such as soil testing, remote sensing, and variable rate application systems, farmers can precisely assess micronutrient deficiencies and tailor fertilizer formulations to meet the specific nutrient needs of their crops. This trend reflects a broader shift towards data-driven farming practices and sustainable nutrient management strategies, driving the demand for agricultural micronutrients as key inputs in modern agriculture.

Agricultural Micronutrients Market Driver: Soil Degradation and Nutrient Depletion

A key driver for the agricultural micronutrients market is soil degradation and nutrient depletion. Over time, intensive agricultural practices, erosion, and soil erosion have led to the depletion of essential micronutrients in agricultural soils, compromising soil fertility and crop productivity. Micronutrient deficiencies can result in reduced crop yields, poor crop quality, and increased susceptibility to pests and diseases. To address these challenges, farmers are increasingly turning to micronutrient fertilizers to replenish depleted soils and ensure optimal plant nutrition. The need to restore soil health, mitigate nutrient deficiencies, and sustain agricultural productivity drives the demand for agricultural micronutrients as essential inputs in soil management and fertility enhancement programs.

Agricultural Micronutrients Market Opportunity: Development of Innovative Micronutrient Delivery Systems

An opportunity within the agricultural micronutrients market lies in the development of innovative micronutrient delivery systems. While traditional micronutrient fertilizers such as granular or foliar formulations have been widely used, there is potential to innovate in the design and delivery of micronutrient products to enhance efficacy, efficiency, and convenience for farmers. For example, controlled-release fertilizers, micronutrient-enriched seed coatings, and micronutrient-chelated fertilizers offer advantages such as prolonged nutrient availability, targeted nutrient delivery, and reduced nutrient losses through leaching or volatilization. Additionally, there is an opportunity to explore novel application methods such as fertigation, foliar spraying, and soil amendment techniques to optimize micronutrient uptake and utilization by crops. By developing innovative micronutrient delivery systems, manufacturers can address the evolving needs of farmers, improve crop productivity, and capture market opportunities in the agricultural micronutrients sector.

Agricultural Micronutrients Market Share Analysis: Zinc segment generated the highest revenue in the industry

The zinc segment is the largest in the agricultural micronutrients market for diverse compelling reasons. The zinc is an essential micronutrient required for various physiological processes in plants, including enzyme activation, photosynthesis, and hormone regulation. Zinc deficiency in soils is widespread globally, leading to reduced crop yields and poor quality of produce in many agricultural regions. Consequently, there is a significant demand for zinc micronutrient fertilizers to address deficiencies and improve crop productivity. Secondly, zinc deficiency affects a wide range of crops, including cereals, legumes, fruits, and vegetables, making it a critical micronutrient for diverse agricultural systems. Zinc deficiency symptoms, such as stunted growth, chlorosis, and poor root development, are commonly observed in crops grown in zinc-deficient soils, highlighting the importance of zinc supplementation for optimal plant growth and performance. Thirdly, zinc micronutrient fertilizers are available in various forms, including zinc sulfate, zinc oxide, zinc chelates, and zinc complexes, offering flexibility and convenience for farmers in terms of application methods and compatibility with different cropping systems. In addition, ongoing research and development efforts in micronutrient science continue to uncover new insights into the role of zinc in plant nutrition and its interactions with soil properties, crop genetics, and agronomic practices, further driving growth in the zinc segment. Over the forecast period, the widespread prevalence of zinc deficiency, its critical role in plant nutrition, and the availability of diverse zinc micronutrient fertilizers contribute to its dominance as the largest segment in the agricultural micronutrients market.

Agricultural Micronutrients Market Share Analysis: Oilseeds & Pulses Segment is poised to register the fastest growth rate (CAGR) over the forecast period to 2030

The oilseeds & pulses segment is experiencing the fastest growth in the agricultural micronutrients market for diverse key reasons. The oilseeds and pulses, including crops such as soybeans, canola, peas, and lentils, have gained significant importance in global agriculture due to their nutritional value, versatility, and contribution to food security and sustainable agriculture. As demand for oilseeds and pulses continues to rise to meet the growing population's dietary needs, there is increasing pressure on farmers to maximize yields and quality. Micronutrient deficiencies, particularly zinc and boron, are commonly observed in oilseed and pulse crops, leading to reduced yields, poor seed quality, and susceptibility to diseases and pests. Consequently, there is a growing recognition of the importance of micronutrient fertilization in oilseed and pulse production to address deficiencies and optimize crop performance. Secondly, oilseed and pulse crops have specific nutritional requirements and physiological processes that make them particularly responsive to micronutrient supplementation. For instance, zinc is essential for seed development, oil synthesis, and protein metabolism in oilseed crops like soybeans and canola, while boron plays a crucial role in flower formation, pollen germination, and pod set in pulse crops such as peas and lentils. Micronutrient fertilization can enhance flowering, fruiting, and seed set in oilseed and pulse crops, leading to improved yields, seed quality, and profitability for farmers. Thirdly, advancements in micronutrient formulations, application technologies, and agronomic practices have facilitated the efficient and targeted delivery of micronutrients to oilseed and pulse crops, minimizing wastage and maximizing nutrient uptake and utilization by plants. In addition, the increasing adoption of precision agriculture, digital farming technologies, and nutrient management strategies further drives the demand for micronutrients in oilseed and pulse production systems. Over the forecast period, the growing importance of oilseeds and pulses in global agriculture, coupled with their specific micronutrient requirements and technological advancements in micronutrient management, position the oilseeds & pulses segment as the fastest-growing segment in the agricultural micronutrients market.

Agricultural Micronutrients Market Share Analysis: Chelated Segment is poised to register the fastest growth rate (CAGR) over the forecast period to 2030

The chelated segment is experiencing the fastest growth in the agricultural micronutrients market for diverse key reasons. The chelated micronutrients offer superior efficiency and effectiveness compared to non-chelated forms. Chelation involves the binding of micronutrients to organic molecules called chelating agents, which protect the micronutrients from chemical reactions in the soil, water, or plant tissues that can render them unavailable for plant uptake. This enhanced stability and bioavailability of chelated micronutrients ensure optimal nutrient uptake and utilization by plants, leading to improved crop yields and quality. Secondly, chelated micronutrients exhibit greater compatibility with a wide range of soil types, pH levels, and environmental conditions, making them suitable for use in diverse cropping systems and agricultural regions. Chelated micronutrients remain available to plants over a longer period, reducing the frequency of application and minimizing the risk of nutrient leaching or tie-up in the soil. Thirdly, chelated micronutrient fertilizers offer flexibility and convenience in application methods, including soil application, foliar spraying, fertigation, and seed treatment, allowing farmers to tailor nutrient management strategies to specific crop requirements and growth stages. In addition, ongoing research and development efforts in chelation technology have led to the development of advanced chelated formulations with enhanced stability, solubility, and nutrient release properties, further driving growth in the chelated segment. Over the forecast period, the superior efficiency, compatibility, and technological advancements associated with chelated micronutrients position them as the fastest-growing segment in the agricultural micronutrients market.

Agricultural Micronutrients Market Report Segmentation

By Type
Zinc
Boron
Iron
Molybdenum
Copper
Manganese
Others
By Crop
Fruits & Vegetables
Cereals & Grains
Oilseeds & Pulses
Others
By Form
Chelated
Non-Chelated
By Application
Soil
Foliar
Fertigation
Others
Regions Included
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)

Agricultural Micronutrients Companies Profiled in the Market Study

AgroLiquid
Aries Agro Ltd
ATP Nutrition
Balchem Corp
BASF SE
Blue-Dip Organic Industries
BMS Micro-Nutrients NV
Coromandel International Ltd
Gitaji Pesticides Industries
Green Rise Agro Industries
Haifa Negev Technologies Ltd
Helena Agri-Enterprises LLC
Koch Agronomic Services LLC
Land O’Lakes Inc
Manvert
Napnutriscience
Nouryon
Nufarm
Nutrimax Agro
Stoller Enterprises Inc
Syngenta AG
The Mosaic Company
WILBUR-ELLIS HOLDINGS Inc
Yara International ASA
Zuari Agrochemicals Ltd
*- List Not Exhaustive

TABLE OF CONTENTS

1 Introduction to 2024 Agricultural Micronutrients Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 Executive Summary
3.1 Global Agricultural Micronutrients Market Size Outlook, $ Million, 2021 to 2030
3.2 Agricultural Micronutrients Market Outlook by Type, $ Million, 2021 to 2030
3.3 Agricultural Micronutrients Market Outlook by Product, $ Million, 2021 to 2030
3.4 Agricultural Micronutrients Market Outlook by Application, $ Million, 2021 to 2030
3.5 Agricultural Micronutrients Market Outlook by Key Countries, $ Million, 2021 to 2030

4 Market Dynamics
4.1 Key Driving Forces of Agricultural Micronutrients Industry
4.2 Key Market Trends in Agricultural Micronutrients Industry
4.3 Potential Opportunities in Agricultural Micronutrients Industry
4.4 Key Challenges in Agricultural Micronutrients Industry

5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Agricultural Micronutrients Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook

6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 Global Agricultural Micronutrients Market Outlook by Segments
7.1 Agricultural Micronutrients Market Outlook by Segments, $ Million, 2021- 2030
By Type
Zinc
Boron
Iron
Molybdenum
Copper
Manganese
Others
By Crop
Fruits & Vegetables
Cereals & Grains
Oilseeds & Pulses
Others
By Form
Chelated
Non-Chelated
By Application
Soil
Foliar
Fertigation
Others

8 North America Agricultural Micronutrients Market Analysis and Outlook To 2030
8.1 Introduction to North America Agricultural Micronutrients Markets in 2024
8.2 North America Agricultural Micronutrients Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Agricultural Micronutrients Market size Outlook by Segments, 2021-2030
By Type
Zinc
Boron
Iron
Molybdenum
Copper
Manganese
Others
By Crop
Fruits & Vegetables
Cereals & Grains
Oilseeds & Pulses
Others
By Form
Chelated
Non-Chelated
By Application
Soil
Foliar
Fertigation
Others

9 Europe Agricultural Micronutrients Market Analysis and Outlook To 2030
9.1 Introduction to Europe Agricultural Micronutrients Markets in 2024
9.2 Europe Agricultural Micronutrients Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Agricultural Micronutrients Market Size Outlook by Segments, 2021-2030
By Type
Zinc
Boron
Iron
Molybdenum
Copper
Manganese
Others
By Crop
Fruits & Vegetables
Cereals & Grains
Oilseeds & Pulses
Others
By Form
Chelated
Non-Chelated
By Application
Soil
Foliar
Fertigation
Others

10 Asia Pacific Agricultural Micronutrients Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Agricultural Micronutrients Markets in 2024
10.2 Asia Pacific Agricultural Micronutrients Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Agricultural Micronutrients Market size Outlook by Segments, 2021-2030
By Type
Zinc
Boron
Iron
Molybdenum
Copper
Manganese
Others
By Crop
Fruits & Vegetables
Cereals & Grains
Oilseeds & Pulses
Others
By Form
Chelated
Non-Chelated
By Application
Soil
Foliar
Fertigation
Others

11 South America Agricultural Micronutrients Market Analysis and Outlook To 2030
11.1 Introduction to South America Agricultural Micronutrients Markets in 2024
11.2 South America Agricultural Micronutrients Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Agricultural Micronutrients Market size Outlook by Segments, 2021-2030
By Type
Zinc
Boron
Iron
Molybdenum
Copper
Manganese
Others
By Crop
Fruits & Vegetables
Cereals & Grains
Oilseeds & Pulses
Others
By Form
Chelated
Non-Chelated
By Application
Soil
Foliar
Fertigation
Others

12 Middle East and Africa Agricultural Micronutrients Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Agricultural Micronutrients Markets in 2024
12.2 Middle East and Africa Agricultural Micronutrients Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Agricultural Micronutrients Market size Outlook by Segments, 2021-2030
By Type
Zinc
Boron
Iron
Molybdenum
Copper
Manganese
Others
By Crop
Fruits & Vegetables
Cereals & Grains
Oilseeds & Pulses
Others
By Form
Chelated
Non-Chelated
By Application
Soil
Foliar
Fertigation
Others

13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
AgroLiquid
Aries Agro Ltd
ATP Nutrition
Balchem Corp
BASF SE
Blue-Dip Organic Industries
BMS Micro-Nutrients NV
Coromandel International Ltd
Gitaji Pesticides Industries
Green Rise Agro Industries
Haifa Negev Technologies Ltd
Helena Agri-Enterprises LLC
Koch Agronomic Services LLC
Land O’Lakes Inc
Manvert
Napnutriscience
Nouryon
Nufarm
Nutrimax Agro
Stoller Enterprises Inc
Syngenta AG
The Mosaic Company
WILBUR-ELLIS HOLDINGS Inc
Yara International ASA
Zuari Agrochemicals Ltd

14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

By Type
Zinc
Boron
Iron
Molybdenum
Copper
Manganese
Others
By Crop
Fruits & Vegetables
Cereals & Grains
Oilseeds & Pulses
Others
By Form
Chelated
Non-Chelated
By Application
Soil
Foliar
Fertigation
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)

Frequently Asked Questions