Market Research Food & Beverage Market Research Agriculture Market Research Farming Market Research

Agricultural Micronutrients Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Best Price Guarantee Length Publisher Published Date SKU
from $4,850 268 Pages Fortune Business Insights Pvt. Ltd. May, 2024 FOB18812895
Best Price Guarantee
Price from $4,850
Length 268 Pages
Publisher Fortune Business Insights Pvt. Ltd.
Published Date May, 2024
SKU FOB18812895

Agricultural Micronutrients Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032



Growth Factors of Agricultural Micronutrients Market

The agricultural micronutrients market size was valued at USD 4.87 billion in 2023, and the market is now projected to grow from USD 5.19 billion in 2024 to USD 9.03 billion by 2032, exhibiting a CAGR of 6.92% during the forecast period of 2023-2032.

The economic and healthcare crises led to widespread lockdowns and border closures that also disrupted supply chains threatening agricultural micronutrients market growth. Such a situation necessitated intervention by governments through programs such as providing subsidies for fertilizers which increased trade volumes into basics such as fertilizers catalyzed by escalating demands outweighing supplies leading to spiraling inflation rates.

The primary factor that drives agricultural micronutrients market share is the increased production of high-value crops resulting from the demand for better fruits and vegetables by consumers. The utilization of these nutrients has increased among producers because they are important in the production of high-quality crops. This is shown by the large amount of non-irrigated land that is used for grass lawns as an illustration of the increasing tendency to grow turf grasses for their beauty.

Farmers increasingly place importance on soil health because it plays a fundamental role in crop cultivation, so the need is there for soil conditioners and micronutrients, as well as there is an increase in home gardening especially horticultural produce because they are nutritious and many backyard growers are adopting them.

Comprehensive Analysis of Agricultural Micronutrients Market

The agricultural micronutrients market is growing at a commanding rate due to its market segmentation. These segmentations are divided by types, applications mode, form and crop types. The types include, zinc, boron, iron, molybdenum, manganese, and others. The application modes include, soil, foliar, and fertigation. The form include, chelated and non-chelated. At the end Crop Type include cereals, pulses & oilseeds, fruits & vegetables, and others.

Asia Pacific region with 40% of the agricultural micronutrients market in 2023, as a result of rich production in cereals and staple crops. Boron deficiency, as well as other micronutrient deficiencies, has compromised crop quality, thereby confirming the importance of these essential roles in trade and overall plant productivity as assessed by the National Institute of Health.

The top players in the market are really important for those who play a key role in the industry by making it grow and setting the standards for the market. These players include, Nutrien Ltd. (Canada), Israel Chemicals Ltd. (Israel), Coromandel International (India), Yara International ASA (Norway), Indian Farmers Fertiliser Cooperative Limited (IFFCO) (India), Haifa Group (Israel), Koch Agronomic Services, LLC (U.S.), Grupa Azoty Zaklady Chemiczne Police Group (Poland), Marubeni Corporation (Helena Agri-Enterprises, LLC) (U.S.) and Nouryon Chemicals Holdings B.V. (North Holland).

In October 2021, Grupa Azoty unveiled its 2021-2030 strategy, highlighting Green Azoty as a flagship initiative aimed at decarbonization and reducing carbon emissions. The company's research and development agenda prioritizes climate neutrality goals and the development of micronutrient-enriched formulas derived from waste streams, aligning with the European Green Deal objectives.

Segmentation Table

Global Agricultural Biologicals Market Scope

Study Period 2019-2032

Base Year 2023

Forecast Period 2024-2032

Growth Rate CAGR of 6.92% from 2024 to 2032

Historical Period 2019-2022

Unit Value (USD Billion)

Segmentation By Type, Source, Application Method, Crop, and Region

By Type Zinc

Boron

Iron

Molybdenum

Manganese

Others

By Application Mode Soil

Foliar

Fertigation

By Form Chelated

Non- chelated

By Crop Type Cereals

Pulses & Oilseeds

Fruits & Vegetables

Others

By Region North America (By Form, Type, Application Mode, and Country)

- U.S. (By Type)

- Canada (By Type)

- Mexico (By Type)

Europe (By Form, Type, Application Mode, and Country)

- U.K. (By Type)

- France (By Type)

- Italy (By Type)

- Spain (By Type)

- Germany (By Type)

- Rest of Europe

Asia Pacific (By Form, Type, Application Mode, and Country)

- China (By Type)

- India (By Type)

- Japan (By Type)

- Australia (By Type)

- Rest of Asia Pacific (By Type)

South America (By Form, Type, Application Mode, and Country)

- Brazil (By Type)

- Argentina (By Type)

- Rest of South America (By Type)

Middle East & Africa (By Form, Type, Application Mode, and Country)

- South Africa (By Type)

- UAE (By Type)

- Rest of the Middle East & Africa (By Type)


Please Note: It will take 5-6 business days to complete the report upon order confirmation.


1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Overview of the Fertilizer Market
4.1.1. Fertilizer Consumption Trend
4.1.2. Crop Cultivation and Fertilizer Application Patterns
4.2. Supply Chain Landscape
4.3. Regulatory Framework for Agricultural Micronutrients
4.4. Recent Industry Developments: Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
4.5. Impact of COVID-19
5. Global Agricultural Micronutrients Market Analysis, Insights and Forecast, 2019-2032
5.1. Key Findings / Summary
5.2. Market Size Estimates and Forecast
5.2.1. By Type (Value)
5.2.1.1. Zinc
5.2.1.2. Boron
5.2.1.3. Iron
5.2.1.4. Molybdenum
5.2.1.5. Manganese
5.2.1.6. Others
5.2.2. By Application Mode (Value)
5.2.2.1. Soil
5.2.2.2. Foliar
5.2.2.3. Fertigation
5.2.3. By Form (Value)
5.2.3.1. Chelated
5.2.3.2. Non-Chelated
5.2.4. By Crop Type (Value)
5.2.4.1. Cereals
5.2.4.2. Pulses & Oilseeds
5.2.4.3. Fruits & Vegetables
5.2.4.4. Others
5.2.5. By Region (Value)
5.2.5.1. North America
5.2.5.2. Europe
5.2.5.3. Asia Pacific
5.2.5.4. South America
5.2.5.5. Middle East & Africa
6. North America Agricultural Micronutrients Market Analysis, Insights and Forecast, 2019-2032
6.1. Key Findings / Summary
6.2. Market Size Estimates and Forecast
6.2.1. By Type (Value)
6.2.1.1. Zinc
6.2.1.2. Boron
6.2.1.3. Iron
6.2.1.4. Molybdenum
6.2.1.5. Manganese
6.2.1.6. Others
6.2.2. By Application Mode (Value)
6.2.2.1. Soil
6.2.2.2. Foliar
6.2.2.3. Fertigation
6.2.3. By Form (Value)
6.2.3.1. Chelated
6.2.3.2. Non-Chelated
6.2.4. By Crop Type (Value)
6.2.4.1. Cereals
6.2.4.2. Pulses & Oilseeds
6.2.4.3. Fruits & Vegetables
6.2.4.4. Others
6.2.5. By Country (Value)
6.2.5.1. U.S.
6.2.5.1.1. By Type (Value)
6.2.5.1.1.1. Zinc
6.2.5.1.1.2. Boron
6.2.5.1.1.3. Iron
6.2.5.1.1.4. Molybdenum
6.2.5.1.1.5. Manganese
6.2.5.1.1.6. Others
6.2.5.2. Canada
6.2.5.2.1. By Type (Value)
6.2.5.2.1.1. Zinc
6.2.5.2.1.2. Boron
6.2.5.2.1.3. Iron
6.2.5.2.1.4. Molybdenum
6.2.5.2.1.5. Manganese
6.2.5.2.1.6. Others
6.2.5.3. Mexico
6.2.5.3.1. By Type (Value)
6.2.5.3.1.1. Zinc
6.2.5.3.1.2. Boron
6.2.5.3.1.3. Iron
6.2.5.3.1.4. Molybdenum
6.2.5.3.1.5. Manganese
6.2.5.3.1.6. Others
7. Europe Agricultural Micronutrients Market Analysis, Insights and Forecast, 2019-2032
7.1. Key Findings / Summary
7.2. Market Size Estimates and Forecast
7.2.1. By Type (Value)
7.2.1.1. Zinc
7.2.1.2. Boron
7.2.1.3. Iron
7.2.1.4. Molybdenum
7.2.1.5. Manganese
7.2.1.6. Others
7.2.2. By Application Mode (Value)
7.2.2.1. Soil
7.2.2.2. Foliar
7.2.2.3. Fertigation
7.2.3. By Form (Value)
7.2.3.1. Chelated
7.2.3.2. Non-Chelated
7.2.4. By Crop Type (Value)
7.2.4.1. Cereals
7.2.4.2. Pulses & Oilseeds
7.2.4.3. Fruits & Vegetables
7.2.4.4. Others
7.2.5. By Country (Value)
7.2.5.1. France
7.2.5.1.1. By Type (Value)
7.2.5.1.1.1. Zinc
7.2.5.1.1.2. Boron
7.2.5.1.1.3. Iron
7.2.5.1.1.4. Molybdenum
7.2.5.1.1.5. Manganese
7.2.5.1.1.6. Others
7.2.5.2. Germany
7.2.5.2.1. By Type (Value)
7.2.5.2.1.1. Zinc
7.2.5.2.1.2. Boron
7.2.5.2.1.3. Iron
7.2.5.2.1.4. Molybdenum
7.2.5.2.1.5. Manganese
7.2.5.2.1.6. Others
7.2.5.3. Italy
7.2.5.3.1. By Type (Value)
7.2.5.3.1.1. Zinc
7.2.5.3.1.2. Boron
7.2.5.3.1.3. Iron
7.2.5.3.1.4. Molybdenum
7.2.5.3.1.5. Manganese
7.2.5.3.1.6. Others
7.2.5.4. Spain
7.2.5.4.1. By Type (Value)
7.2.5.4.1.1. Zinc
7.2.5.4.1.2. Boron
7.2.5.4.1.3. Iron
7.2.5.4.1.4. Molybdenum
7.2.5.4.1.5. Manganese
7.2.5.4.1.6. Others
7.2.5.5. U.K.
7.2.5.5.1. By Type (Value)
7.2.5.5.1.1. Zinc
7.2.5.5.1.2. Boron
7.2.5.5.1.3. Iron
7.2.5.5.1.4. Molybdenum
7.2.5.5.1.5. Manganese
7.2.5.5.1.6. Others
7.2.5.6. Russia
7.2.5.6.1. By Type (Value)
7.2.5.6.1.1. Zinc
7.2.5.6.1.2. Boron
7.2.5.6.1.3. Iron
7.2.5.6.1.4. Molybdenum
7.2.5.6.1.5. Manganese
7.2.5.6.1.6. Others
7.2.5.7. Rest of Europe
7.2.5.7.1. By Type (Value)
7.2.5.7.1.1. Zinc
7.2.5.7.1.2. Boron
7.2.5.7.1.3. Iron
7.2.5.7.1.4. Molybdenum
7.2.5.7.1.5. Manganese
7.2.5.7.1.6. Others
8. Asia Pacific Agricultural Micronutrients Market Analysis, Insights and Forecast, 2019-2032
8.1. Key Findings / Summary
8.2. Market Size Estimates and Forecast
8.2.1. By Type (Value)
8.2.1.1. Zinc
8.2.1.2. Boron
8.2.1.3. Iron
8.2.1.4. Molybdenum
8.2.1.5. Manganese
8.2.1.6. Others
8.2.2. By Application Mode (Value)
8.2.2.1. Soil
8.2.2.2. Foliar
8.2.2.3. Fertigation
8.2.3. By Form (Value)
8.2.3.1. Chelated
8.2.3.2. Non-Chelated
8.2.4. By Crop Type (Value)
8.2.4.1. Cereals
8.2.4.2. Pulses & Oilseeds
8.2.4.3. Fruits & Vegetables
8.2.4.4. Others
8.2.5. By Country (Value)
8.2.5.1. China
8.2.5.1.1. By Type (Value)
8.2.5.1.1.1. Zinc
8.2.5.1.1.2. Boron
8.2.5.1.1.3. Iron
8.2.5.1.1.4. Molybdenum
8.2.5.1.1.5. Manganese
8.2.5.1.1.6. Others
8.2.5.2. India
8.2.5.2.1. By Type (Value)
8.2.5.2.1.1. Zinc
8.2.5.2.1.2. Boron
8.2.5.2.1.3. Iron
8.2.5.2.1.4. Molybdenum
8.2.5.2.1.5. Manganese
8.2.5.2.1.6. Others
8.2.5.3. Japan
8.2.5.3.1. By Type (Value)
8.2.5.3.1.1. Zinc
8.2.5.3.1.2. Boron
8.2.5.3.1.3. Iron
8.2.5.3.1.4. Molybdenum
8.2.5.3.1.5. Manganese
8.2.5.3.1.6. Others
8.2.5.4. Australia
8.2.5.4.1. By Type (Value)
8.2.5.4.1.1. Zinc
8.2.5.4.1.2. Boron
8.2.5.4.1.3. Iron
8.2.5.4.1.4. Molybdenum
8.2.5.4.1.5. Manganese
8.2.5.4.1.6. Others
8.2.5.5. Rest of Asia Pacific
8.2.5.5.1. By Type (Value)
8.2.5.5.1.1. Zinc
8.2.5.5.1.2. Boron
8.2.5.5.1.3. Iron
8.2.5.5.1.4. Molybdenum
8.2.5.5.1.5. Manganese
8.2.5.5.1.6. Others
9. South America Agricultural Micronutrients Market Analysis, Insights and Forecast, 2019-2032
9.1. Key Findings / Summary
9.2. Market Size Estimates and Forecast
9.2.1. By Type (Value)
9.2.1.1. Zinc
9.2.1.2. Boron
9.2.1.3. Iron
9.2.1.4. Molybdenum
9.2.1.5. Manganese
9.2.1.6. Others
9.2.2. By Application Mode (Value)
9.2.2.1. Soil
9.2.2.2. Foliar
9.2.2.3. Fertigation
9.2.3. By Form (Value)
9.2.3.1. Chelated
9.2.3.2. Non-Chelated
9.2.4. By Crop Type (Value)
9.2.4.1. Cereals
9.2.4.2. Pulses & Oilseeds
9.2.4.3. Fruits & Vegetables
9.2.4.4. Others s
9.2.5. By Country (Value)
9.2.5.1. Brazil
9.2.5.1.1. By Type (Value)
9.2.5.1.1.1. Zinc
9.2.5.1.1.2. Boron
9.2.5.1.1.3. Iron
9.2.5.1.1.4. Molybdenum
9.2.5.1.1.5. Manganese
9.2.5.1.1.6. Others
9.2.5.2. Argentina
9.2.5.2.1. By Type (Value)
9.2.5.2.1.1. Zinc
9.2.5.2.1.2. Boron
9.2.5.2.1.3. Iron
9.2.5.2.1.4. Molybdenum
9.2.5.2.1.5. Manganese
9.2.5.2.1.6. Others
9.2.5.3. Rest of South America
9.2.5.3.1. By Type (Value)
9.2.5.3.1.1. Zinc
9.2.5.3.1.2. Boron
9.2.5.3.1.3. Iron
9.2.5.3.1.4. Molybdenum
9.2.5.3.1.5. Manganese
9.2.5.3.1.6. Others
10. Middle East & Africa Agricultural Micronutrients Market Analysis, Insights and Forecast, 2019-2032
10.1. Key Findings / Summary
10.2. Market Size Estimates and Forecast
10.2.1. By Type (Value)
10.2.1.1. Zinc
10.2.1.2. Boron
10.2.1.3. Iron
10.2.1.4. Molybdenum
10.2.1.5. Manganese
10.2.1.6. Others
10.2.2. By Application Mode (Value)
10.2.2.1. Soil
10.2.2.2. Foliar
10.2.2.3. Fertigation
10.2.3. By Form (Value)
10.2.3.1. Chelated
10.2.3.2. Non-Chelated
10.2.4. By Crop Type (Value)
10.2.4.1. Cereals
10.2.4.2. Pulses & Oilseeds
10.2.4.3. Fruits & Vegetables
10.2.4.4. Others
10.2.5. By Country (Value)
10.2.5.1. South Africa
10.2.5.1.1. By Type (Value)
10.2.5.1.1.1. Zinc
10.2.5.1.1.2. Boron
10.2.5.1.1.3. Iron
10.2.5.1.1.4. Molybdenum
10.2.5.1.1.5. Manganese
10.2.5.1.1.6. Others
10.2.5.2. UAE
10.2.5.2.1. By Type (Value)
10.2.5.2.1.1. Zinc
10.2.5.2.1.2. Boron
10.2.5.2.1.3. Iron
10.2.5.2.1.4. Molybdenum
10.2.5.2.1.5. Manganese
10.2.5.2.1.6. Others
10.2.5.2.2. Rest of Middle East & Africa
11. By Type (Value)
11.1.
11.1.1.
11.1.1.1.
11.1.1.1.1.
11.1.1.1.1.1. Zinc
11.1.1.1.1.2. Boron
11.1.1.1.1.3. Iron
11.1.1.1.1.4. Molybdenum
11.1.1.1.1.5. Manganese
11.1.1.1.1.6. Others
12. Competitive Landscape
12.1. Business Strategies Adopted by Leading Players, 2023
12.2. Global Agricultural Micronutrients Market Revenue Share/Ranking Analysis, By Key Manufacturer
13. Company Profiles
13.1. Nutrien Ltd
13.1.1. Company Overview
13.1.2. Business Overview
13.1.3. Product Portfolio
13.1.4. Financials
13.1.5. Recent Developments
13.1.6. SWOT Analysis
13.2. Israel Chemicals Ltd
13.2.1. Company Overview
13.2.2. Business Overview
13.2.3. Product Portfolio
13.2.4. Financials
13.2.5. Recent Developments
13.2.6. SWOT Analysis
13.3. Coromandel International
13.3.1. Company Overview
13.3.2. Business Overview
13.3.3. Product Portfolio
13.3.4. Financials
13.3.5. Recent Developments
13.4. SWOT Analysis
13.4.1. Yara International ASA
13.4.2. Company Overview
13.4.3. Business Overview
13.4.4. Product Portfolio
13.4.5. Financials
13.4.6. Recent Developments
13.4.7. SWOT Analysis
13.5. Indian Farmers Fertiliser Cooperative Limited (IFFCO)
13.5.1. Company Overview
13.5.2. Business Overview
13.5.3. Product Portfolio
13.5.4. Financials
13.5.5. Recent Developments
13.5.6. SWOT Analysis
13.6. Haifa Group
13.6.1. Company Overview
13.6.2. Business Overview
13.6.3. Product Portfolio
13.6.4. Financials
13.6.5. Recent Developments
13.6.6. SWOT Analysis
13.7. Koch Agronomic Services, LLC.
13.7.1. Company Overview
13.7.2. Business Overview
13.7.3. Product Portfolio
13.7.4. Financials
13.7.5. Recent Developments
13.7.6. SWOT Analysis
13.8. Grupa Azoty Zakłady Chemiczne Police Group
13.8.1. Company Overview
13.8.2. Business Overview
13.8.3. Product Portfolio
13.8.4. Financials
13.8.5. Recent Developments
13.8.6. SWOT Analysis
13.9. Marubeni Corporation (Helena Agri-Enterprises, LLC)
13.9.1. Company Overview
13.9.2. Business Overview
13.9.3. Product Portfolio
13.9.4. Financials
13.9.5. Recent Developments
13.9.6. SWOT Analysis
13.10. Nouryon Chemicals Holding B.V.
13.10.1. Company Overview
13.10.2. Business Overview
13.10.3. Product Portfolio
13.10.4. Financials
13.10.5. Recent Developments
13.10.6. SWOT Analysis

$4,850
$6,850

Research Assistance

US: 800.298.5699
Int'l: +1.240.747.3093
Live help
Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Other tasks

Cookie Settings