Micronutrients Fertilizers Market, By Nutrient (Zinc, Manganese, Copper, Boron, Molybdenum, Iron, Other Nutrients), By Form (Chelated, Non-chelated), By Crop Type (Grains and Cereals, Pulses and Oilseeds, Commercial Crops, Fruits and Vegetables, Other Crop Types), By Application (Soil, Foliar, Fertigation, Other Applications), and By Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
The iron micronutrient fertilizer comprises at least 0.1 wt. % iron. It may optionally contain other micronutrients, such as selenium and molybdenum. It may also contain other primary and secondary micronutrients. It is preferably ground to an average particle size less than 150 mesh. It may also contain other components, such as manganese and boron. The iron and manganese nutrient segments are used in a variety of soils. The iron nutrient segment is used in soils with a high pH. The pH of the soil is a major factor in the availability of micronutrients.
Market Dynamics:
With the growing number of farmers and increasing awareness about micronutrient deficiencies, the demand for micronutrients is expected to rise. Moreover, the industry players are investing a lot in R&D and developing new product portfolios. In addition, the increasing awareness about the use of liquid micronutrient fertilizers is again expected to stimulate market growth over the forecast period.
On the other hand, lack of adoption of micronutrients across developing countries is projected to hamper market growth.
Key features of the study:
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