Agriculture Micronutrients Market: By Product Type, By Micronutrient Type, By Crop Type, By Mode Of Application and Region Forecast 2019-2030

download arrow download arrow Download Free Sample
settings arrow settings arrow email us

Agriculture Micronutrients Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Chelated products, Non-chelated products), By Micronutrient Type (Iron, Copper, Zinc, Magnesium, Molybdenum, Manganese, Boron, Others), By Crop Type (Cereals, Oilseeds and Pulses, Vegetables and fruits, Others), By Mode Of Application (Foliar, Soil, Fertigation) and Region Forecast 2019-2030

checked icon arrow_drop_down
checked icon Single User License $4400 $3520
checked icon Multiple User License $6600 $5280
checked icon Corporate User License $8900 $7120

Agriculture Micronutrients Market size was valued at US$ 5,799.10 Million in 2023 and grew at a CAGR of 9.9% from 2024 -2030. The market growth is anticipated by a growing population and rising concerns about food security are expected to propel the agricultural micronutrients market during the forecast period, increasing adoption and awareness of various micronutrients and their benefits and the contribution to the GDP of the nation. The agricultural micronutrient market is driven by increasing demand for fertilizers, increasing R&D activities and technology advancement, decreasing soil health, introduction to ‘green’ micronutrient fertilizers, and the effect of climate change on the environment.

However, despite the growth of the market, the constraints hinder the growth and affect the market growth the low adoption of micronutrients and unregulated application, inflation, increasing logistics expenditure, and increasing popularity of organic fertilizer are the constraints. In the upcoming years, there is a significant growth opportunity for the agricultural micronutrient market through the development of biodegradable chelates, product expansion, government support, and increasing demand for imported fertilizers. Sustainability and reducing carbon footprint, decreasing arable land and increasing food demand, increased use of soil testing and plant analyses, and increasing demand for quality and higher crop yields are trending in recent times for market growth. Currently, Asia-Pacific holds the fastest and dominant region accounting for 42.2% of the agricultural micronutrient market, and is projected to grow at 10.1% CAGR over 2024 - 2030.

Agriculture Micronutrients Market Key Developments

  • In Feb 2024, Corteva Agriscience launched Salibro nematicide in India. This new product, powered by Reklemel active, offers farmers a tailored and environmentally responsible option to protect crops from destructive nematodes while protecting soil health.

summary download arrow Download Free Sample

Agriculture Micronutrients Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

9.9%

Largest Market

North America

Fastest Growing Market

Asia Pacific

Agriculture Micronutrients Market Dynamics

A growing population puts a strain on global food supplies, making it crucial to maximize crop yields. This is where agricultural micronutrients come in with increased demand for food and more people to feed, farmers need to produce more crops. Micronutrients can help them achieve this by ensuring optimal plant growth and health. Improved crop yields by micronutrients address deficiencies in soil, allowing plants to better utilize nutrients and water. This leads to higher yields from existing farmland. Enhanced food security by mitigating crop failure due to micronutrient deficiencies, micronutrients contribute to a more stable food supply, the concern for food security in a growing population is a major driver for the agricultural micronutrient market.

Farmers are becoming increasingly aware of the benefits of micronutrients and their role in boosting crop yields. The inclusion of advanced technology in agrochemicals gave rise to the fertilizer-micronutrient combo which ensures proper mixing of different components of fertilizer and micronutrients in a single bag. The advancement in solvent technology also propels the micronutrient fertilizers market as better solvent property gives better spreadability and ease of use. Companies are developing and offering different web and mobile apps to help growers worldwide gain full benefits from their crops. The company shares comprehensive plant nutrition knowledge through a set of online tools. Manufacturers are fully invested in developing the micronutrients market expanding their R&D efforts, delivering new products with proven efficacy, and ensuring they work with existing offerings.

Agriculture Micronutrients Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market CAGR

9.9%

By product type

  • Chelated products,
  • Non-chelated products

By Micronutrient Type

  • Iron,
  • Copper, 
  • Zinc,
  • Magnesium,
  • Molybdenum,
  • Manganese,
  • Boron,
  • Others

By Crop Type

  • Cereals,
  • Oilseeds and pulses,
  • Vegetables and fruits,
  • Others

By Mode Of Application

  • Foliar,
  • Soil,
  • Fertigation

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Key Features of the Report

  • The agriculture micronutrients market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights into the competitor's overview, company share analysis, key market developments, and key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Download Free Sample Report

I accept the Terms and Conditions,Disclaimers, GDPR Policy

Frequently Asked Questions

The global agriculture micronutrients market size was valued at US$ 5,799.10 million in 2023 and is projected to grow at a CAGR of 9.9% from 2024 to 2030.

The market key players are: AkzoNobel N.V. (Netherlands) BASF SE (Germany) Agrium, Inc. (Canada) The Dow Chemical Company (U.S.) The Mosaic Company (U.S.) Novozymes (Denmark) Sumitomo Corporation (Japan) Helena Chemical Company (U.S.) Nufarm Ltd. (Australia) SUL4R-PLUS, LLC (U.S.) Yara International (Norway) Land OLakes, Inc. (U.S.)

The market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.

Author image

Author

Manoj Kumar

Manoj Kumar is a postgraduate in Life Sciences with over seven years of dedicated experience in the fields of anima.....

1. Executive Summary
2. Global Agriculture Micronutrients Market
2.1. Introduction
2.2. Taxonomy
2.3. Definitions
2.3.1. Product Type
2.3.2. Micronutrient Type
2.3.3. Crop Type
2.3.4. Mode of Application
3. Global Agriculture Micronutrients Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Agriculture Micronutrients Market Dynamic Factors - Impact Analysis
3.6. Competition Landscape
3.7. Epidemiology
4. Global Agriculture Micronutrients Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Agriculture Micronutrients Market, By Product Type, 2019 - 2023 and Forecast, 2024 - 2030
5.1. Chelated products
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Non-chelated products
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
6. Global Agriculture Micronutrients Market Forecast, By Micronutrient Type, 2019 - 2023 and Forecast, 2024 - 2030
6.1. Iron
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Copper
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Zinc
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Magnesium
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
6.5. Molybdenum
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.5.3. Market Opportunity Analysis
6.6. Manganese
6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.6.3. Market Opportunity Analysis
6.7. Boron
6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.7.3. Market Opportunity Analysis
6.8. Others
6.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.8.3. Market Opportunity Analysis
7. Global Agriculture Micronutrients Market Forecast, By Crop Type, 2019 - 2023 and Forecast, 2024 - 2030
7.1. Cereals
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Oilseeds and pulses
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Vegetables and fruits
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Others
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
8. Global Agriculture Micronutrients Market Forecast, By Mode of Application, 2019 - 2023 and Forecast, 2024 - 2030
8.1. Foliar
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Soil
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Fertigation
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
9. Global Agriculture Micronutrients Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030
9.1. North America
9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.1.3. Market Opportunity Analysis
9.2. Europe
9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.2.3. Market Opportunity Analysis
9.3. Asia-Pacific
9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.3.3. Market Opportunity Analysis
9.4. Latin America
9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.4.3. Market Opportunity Analysis
9.5. Middle East and Africa
9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.5.3. Market Opportunity Analysis
9.6. Opportunity Analysis Index, By Product Type, By Micronutrient Type, By Crop Type, By Mode of Application and Region, 2024 - 2030
10. North America Agriculture Micronutrients Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030
10.1. Product Type Analysis
10.1.1. Chelated products
10.1.2. Non-chelated products
10.2. Micronutrient Type Analysis
10.2.1. Iron
10.2.2. Copper
10.2.3. Zinc
10.2.4. Magnesium
10.2.5. Molybdenum
10.2.6. Manganese
10.2.7. Boron
10.2.8. Others
10.3. Crop Type Analysis
10.3.1. Cereals
10.3.2. Oilseeds and pulses
10.3.3. Vegetables and fruits
10.3.4. Others
10.4. Mode of Application Analysis
10.4.1. Foliar
10.4.2. Soil
10.4.3. Fertigation
10.5. Country Analysis
10.5.1. U.S.
10.5.2. Canada
10.6. Opportunity Analysis Index, By Product Type, By Micronutrient Type, By Crop Type, By Mode of Application and Region, 2024 - 2030
10.7. North America Agriculture Micronutrients Market Dynamics – Trends
11. Europe Agriculture Micronutrients Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030
11.1. Product Type Analysis
11.1.1. Chelated products
11.1.2. Non-chelated products
11.2. Micronutrient Type Analysis
11.2.1. Iron
11.2.2. Copper
11.2.3. Zinc
11.2.4. Magnesium
11.2.5. Molybdenum
11.2.6. Manganese
11.2.7. Boron
11.2.8. Others
11.3. Crop Type Analysis
11.3.1. Cereals
11.3.2. Oilseeds and pulses
11.3.3. Vegetables and fruits
11.3.4. Others
11.4. Mode of Application Analysis
11.4.1. Foliar
11.4.2. Soil
11.4.3. Fertigation
11.5. Country Analysis
11.5.1. Germany
11.5.2. UK
11.5.3. France
11.5.4. Spain
11.5.5. Italy
11.5.6. Russia
11.5.7. Poland
11.5.8. Rest of Europe
11.6. Opportunity Analysis Index, By Product Type, By Micronutrient Type, By Crop Type, By Mode of Application and Region, 2024 - 2030
11.7. Europe Agriculture Micronutrients Market Dynamics – Trends
12. Asia-Pacific Agriculture Micronutrients Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030
12.1. Product Type Analysis
12.1.1. Chelated products
12.1.2. Non-chelated products
12.2. Micronutrient Type Analysis
12.2.1. Iron
12.2.2. Copper
12.2.3. Zinc
12.2.4. Magnesium
12.2.5. Molybdenum
12.2.6. Manganese
12.2.7. Boron
12.2.8. Others
12.3. Crop Type Analysis
12.3.1. Cereals
12.3.2. Oilseeds and pulses
12.3.3. Vegetables and fruits
12.3.4. Others
12.4. Mode of Application Analysis
12.4.1. Foliar
12.4.2. Soil
12.4.3. Fertigation
12.5. Country Analysis
12.5.1. Japan
12.5.2. China
12.5.3. India
12.5.4. ASEAN
12.5.5. Australia & New Zealand
12.5.6. Rest of Asia-Pacific
12.6. Opportunity Analysis Index, By Product Type, By Micronutrient Type, By Crop Type, By Mode of Application and Region, 2024 - 2030
12.7. Asia-Pacific Agriculture Micronutrients Market Dynamics – Trends
13. Latin America Agriculture Micronutrients Market Analysis, 2012 - 2012 - 2019 - 2023 and Forecast, 2024 - 2030
13.1. Product Type Analysis
13.1.1. Chelated products
13.1.2. Non-chelated products
13.2. Micronutrient Type Analysis
13.2.1. Iron
13.2.2. Copper
13.2.3. Zinc
13.2.4. Magnesium
13.2.5. Molybdenum
13.2.6. Manganese
13.2.7. Boron
13.2.8. Others
13.3. Crop Type Analysis
13.3.1. Cereals
13.3.2. Oilseeds and pulses
13.3.3. Vegetables and fruits
13.3.4. Others
13.4. Mode of Application Analysis
13.4.1. Foliar
13.4.2. Soil
13.4.3. Fertigation
13.5. Country Analysis
13.5.1. Brazil
13.5.2. Mexico
13.5.3. Argentina
13.5.4. Venezuela
13.5.5. Rest of Latin America
13.6. Opportunity Analysis Index, By Product Type, By Micronutrient Type, By Crop Type, By Mode of Application and Region, 2024 - 2030
13.7. Latin America Agriculture Micronutrients Market Dynamics – Trends
14. Middle East and Africa Agriculture Micronutrients Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030
14.1. Product Type Analysis
14.1.1. Chelated products
14.1.2. Non-chelated products
14.2. Micronutrient Type Analysis
14.2.1. Iron
14.2.2. Copper
14.2.3. Zinc
14.2.4. Magnesium
14.2.5. Molybdenum
14.2.6. Manganese
14.2.7. Boron
14.2.8. Others
14.3. Crop Type Analysis
14.3.1. Cereals
14.3.2. Oilseeds and pulses
14.3.3. Vegetables and fruits
14.3.4. Others
14.4. Mode of Application Analysis
14.4.1. Foliar
14.4.2. Soil
14.4.3. Fertigation
14.5. Country Analysis
14.5.1. Gulf Cooperation Council (GCC) Countries
14.5.2. Israel
14.5.3. South Africa
14.5.4. Rest of MEA
14.6. Opportunity Analysis Index, By Product Type, By Micronutrient Type, By Crop Type, By Mode of Application and Region, 2024 - 2030
14.7. MEA Agriculture Micronutrients Market Dynamics – Trends
15. Competition Landscape
15.1. Strategic Dashboard of Top Market Players
15.2. Company Profiles (Introduction, Financial Analysis, Drug Class& Service Offerings, Key Developments, Strategies, and SWOT Analysis)
15.2.1. AkzoNobel N.V. (Netherlands)
15.2.2. BASF SE (Germany)
15.2.3. Agrium, Inc. (Canada)
15.2.4. The Dow Chemical Company (U.S.)
15.2.5. The Mosaic Company (U.S.), Novozymes (Denmark)
15.2.6. Sumitomo Corporation (Japan)
15.2.7. Helena Chemical Company (U.S.)
15.2.8. Nufarm Ltd. (Australia)
15.2.9. SUL4R-PLUS, LLC (U.S.)
15.2.10. Yara International (Norway)
15.2.11. Land O’Lakes, Inc. (U.S.)
16. Research Methodology
17. Key Assumptions and Acronyms

Key Market Players

  • AkzoNobel N.V. (Netherlands)
  • BASF SE (Germany)
  • Agrium, Inc. (Canada)
  • The Dow Chemical Company (U.S.)
  • The Mosaic Company (U.S.)
  • Novozymes (Denmark)
  • Sumitomo Corporation (Japan)
  • Helena Chemical Company (U.S.)
  • Nufarm Ltd. (Australia)
  • SUL4R-PLUS, LLC (U.S.)
  • Yara International (Norway)
  • Land OLakes, Inc. (U.S.)

Related Industry Reports

Egypt Biostimulants Market

Inoculant Market

Italy Crop Protection Chemicals Market

Digital Farming Market