Global Agricultural Micronutrients Market Size study, by Type (Zinc, Boron, Iron, molybdenum, Copper, Manganese, Others), by Crop Type (Fruits & Vegetables, Cereals & Grains, Oilseeds & Pulses, Others), by Form (Chelated, Non-Chelated), by Mode of Applica

Global Agricultural Micronutrients Market Size study, by Type (Zinc, Boron, Iron, molybdenum, Copper, Manganese, Others), by Crop Type (Fruits & Vegetables, Cereals & Grains, Oilseeds & Pulses, Others), by Form (Chelated, Non-Chelated), by Mode of Application (Soil, Foliar, Fertigation, Others) and Regional Forecasts 2022-2032

Global Agricultural Micronutrients Market is valued at approximately USD 4.5 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 8.60% over the forecast period 2024-2032. Agricultural micronutrients are essential elements required by plants in small quantities for optimal growth and development. These micronutrients, including zinc, iron, manganese, copper, boron, and molybdenum, play crucial roles in various physiological processes within plants, such as photosynthesis, enzyme activation, and nutrient uptake. Proper micronutrient management is vital for ensuring healthy crop yields and maintaining soil fertility in agricultural systems. The Global Agricultural Micronutrients Market is witnessing growth attributed to a shift in consumer preferences towards nutrient-rich foods, coupled with population growth and increasing food insecurity concerns. Moreover, the expansion of contract farming presents significant opportunities for manufacturers of agricultural micronutrients.

The increasing focus on crop production and quality has propelled the growth of agricultural micronutrients, such as zinc, iron, and manganese. Farmers and experts recognize their importance in achieving higher yields and nutritional content in crops. Innovation in biodegradable chelates offers opportunities for sustainable agriculture, enhancing nutrient bioavailability and reducing environmental impact. This shift towards quality-driven and environmentally responsible agriculture supports healthier crop production. Moreover, Due to climate change and human activities, global focus on food security has intensified, emphasizing quality, variety, and optimal land use which also drives the Global Agricultural Micronutrients Market. However, bioaccumulation of biodegradable chelates hindering nutrient uptake of crops and sustainable sourcing of raw materials faces challenges including supply chain disruptions and environmental impact can stifle market growth during the forecast period 2024-2032.

The key regions considered for the global Agricultural Micronutrients market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, North America was the largest regional market in terms of revenue. Increasing soil nutrient depletion in North America is a one of the significant driver for the market and need for replenish essential nutrients such as zinc, boron, and iron is critical for maintaining crop yield and quality. Moreover, Adoption of precision agriculture techniques and advancements in micronutrient formulations, such as chelated micronutrients, are enhancing nutrient availability and efficiency. In addition, government subsidies and educational initiatives are promoting the use of micronutrients to ensure sustainable agricultural practices and improve crop productivity. Furthermore, the market in Asia Pacific is expected to develop at the fastest rate over the forecast period 2024-2032.

Major market player included in this report are:
BASF SE
Nouryon Chemicals Holding B.V.
Nufarm Ltd
Yara International ASA
Coromandel International Limited
Land O’Lakes, Inc.
Helena Agri-Enterprises, LLC.
The Mosaic Company
Haifa Negev Technologies Ltd
Biovert S.L.U.

The detailed segments and sub-segment of the market are explained below:

By Type
Zinc
Boron
Iron
Molybdenum
Copper
Manganese
Other

By Crop Type
Fruits & Vegetables
Cereals & Grains
Oilseeds & Pulses
Others

By Form
Chelated
Non-Chelated

By Mode of Application
Soil
Foliar
Fertigation
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:
Historical year – 2022
Base year – 2023
Forecast period – 2024 to 2032

Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market

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