Global Crop Micronutrient Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Crop Micronutrient Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

According to our (Global Info Research) latest study, the global Crop Micronutrient market size was valued at USD 10150 million in 2023 and is forecast to a readjusted size of USD 17440 million by 2030 with a CAGR of 8.0% during review period.

Crop Micronutrient includes nutrients such as boron, zinc, molybdenum, iron, manganese, etc. Although plants require very little trace elements, their effects on plant growth and development are as important as large amounts of elements. When an agriculture micronutrient is lacking, crop growth and development are significantly affected, yield is reduced, and quality is degraded. On the other hand, too much agriculture micronutrient can poison crops, affecting yield and quality, and even endangering human and animal health in severe cases. With the continuous increase of crop yield and the large-scale application of chemical fertilizers, the application of trace element fertilizers has become increasingly urgent. Among the agriculture micronutrient fertilizers, iron, manganese, zinc, copper sulfate, boric acid, molybdic acid, and monovalent salts thereof are usually used.

According to the 2022 Statistical Yearbook of the United Nations Agricultural and Food Organization, there are about 866 million people work in agriculture, accounting for more than a quarter of the world's total labor force and creating $3.6 trillion in added value. According to data, North America was the region with the most fertilizer use in the world in 2021, accounting for 32.6% of the global fertilizer market size. From the perspective of demand, the proportion of micro-fertilizers used in many European countries has reached 45-60%, and the proportion of use in the United States was as high as 60-70%. According to our “Agriculture Research Center”, the global fertilizer consumption was nearly 200 million tons in 2022. According to the National Bureau of Statistics, the total output value of China's fertilizer manufacturing industry in 2021 was 618.572 billion yuan, with a year-on-year increase of 5.05%. Global fertilizer consumption in 2021 increased by nearly 12 million tons, which compared to 2020.

The Global Info Research report includes an overview of the development of the Crop Micronutrient industry chain, the market status of Fruits and Vegetables (Zinc, Iron), Cereals and Grains (Zinc, Iron), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Crop Micronutrient.

Regionally, the report analyzes the Crop Micronutrient markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Crop Micronutrient market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the Crop Micronutrient market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Crop Micronutrient industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (Tons), revenue generated, and market share of different by Type (e.g., Zinc, Iron).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Crop Micronutrient market.

Regional Analysis: The report involves examining the Crop Micronutrient market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Crop Micronutrient market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to Crop Micronutrient:

Company Analysis: Report covers individual Crop Micronutrient manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Crop Micronutrient This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Fruits and Vegetables, Cereals and Grains).

Technology Analysis: Report covers specific technologies relevant to Crop Micronutrient. It assesses the current state, advancements, and potential future developments in Crop Micronutrient areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Crop Micronutrient market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

Crop Micronutrient market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Market segment by Type
Zinc
Iron
Boron
Molybdenum
Manganese
Others

Market segment by Application
Fruits and Vegetables
Cereals and Grains
Oilseeds and Pulses
Floriculture
Others

Major players covered
BASF
Dow
AkzoNobel
The Mosaic Company
Land O'Lakes
Helena
Nufarm
AgroLiquid
Agro-K
Arrmaz
Yara
K+S

Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Crop Micronutrient product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Crop Micronutrient, with price, sales, revenue and global market share of Crop Micronutrient from 2019 to 2024.

Chapter 3, the Crop Micronutrient competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Crop Micronutrient breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Crop Micronutrient market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Crop Micronutrient.

Chapter 14 and 15, to describe Crop Micronutrient sales channel, distributors, customers, research findings and conclusion.