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The global agricultural micronutrients market is expected to grow at a CAGR of 8.2% during the period 2024-2032.
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The global market for agricultural micronutrients is expected to be driven by growers’ efforts towards overcoming micronutrient deficiency in the soil and increasing crop produce. North America, Europe and Asia are likely to be key markets.
Agricultural micronutrients comprise a combination of mineral elements such as Zinc (Zn), Copper (Cu), Manganese (Mn), Iron (Fe), Boron (B), Molybdenum (Mo). These elements foster horticultural crops as well as cereals, pulses, oilseeds, spices, and plantation. Micronutrients are essential for plant growth and help balance crop nutrition. Zinc is essential to plant hormone balance and auxin activity, growth, cell division, and production of grain husk. Iron is important to biological processes and plant cell growth; it is a constituent of enzymes necessary for chlorophyll synthesis and photosynthesis. Boron enhances flowering and ripening, and is essential to sugar transport, cell division, and amino acid production. Manganese plays a significant role in photosynthesis, chloroplast production, acts as a cofactor in several plant reactions, and triggers enzymes. Copper triggers enzymes needed for photosynthesis. Molybdenum is essential to leaf growth, disease prevention and nitrogen metabolism (important in nitrogen fixation by legumes).
Micronutrients come in the form of EDTA chelates and amino acid chelates. Chelation refers to a kind of boding in which ions and molecules bond to metal ions. Chelates are complex compounds and comprise a central metal atom bound to a large molecule (ligand in a cyclic or ring structure). Ethylene Diamine Tetra-Acetic Acid (EDTA) is a chelating agent; its molecular structure permits its bond with heavy metals. Amino acid chelates are natural, bio-organic chelating agents that act as effective nutrient delivery systems.
Agricultural micronutrients are most commonly administered through soil applications. Granular and fluid NPK fertilizers are generally employed as micronutrient carriers. Combining micronutrients with mixed fertilizers is a widely accepted application method and enables uniform distribution with conventional equipment. Micronutrients may be combined, bulk blended or coated onto granular fertilizers, or mixed with fluid fertilizers for administration. Foliar sprays are also a common method of micronutrient application, particularly iron and manganese.
In recent years, there has been an increase in growers’ awareness of plant nutrition, and acceptance of the need for micronutrients. Proven technologies such as zinc on corn have experienced wide acceptance. Developments in technologies related to precision agricultural equipment that enable efficient administration of micronutrients are also expected to help market growth. The micronutrient segment is likely to grow further as growers learn more about the ways in which different micronutrients foster crop growth.
Control by regulatory bodies on nutrient management might impede market growth. Micronutrients are more controlled in Europe as compared to other parts of the world. However, the ban of certain pesticides in the EU offers opportunities for micronutrient and biological technologies.
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By type, the market is segmented into:
By crop type, the market is classified into:
By form, the market is classified into:
By mode of application, the market is divided into:
By region, the market is segmented into:
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The report presents a detailed analysis of the following key players in the market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Crop Type |
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| Breakup by Form |
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| Breakup by Mode of Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global agricultural micronutrients market is projected to grow at a CAGR of 8.2% between 2024 and 2032.
The major drivers of the market include the growers’ efforts towards overcoming micronutrient deficiency in the soil, rising focus on plant nutrients for successful growth and optimum yields, need to achieve proper balanced nutrition in crops of cereals, pulses, oilseeds, and rise in demand for higher crop yields.
The increase in growers’ awareness of plant nutrition and developments in technologies related to precision agricultural equipment are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
By type, the market is segmented into zinc, boron, iron, molybdenum, copper, and manganese, among others.
Based on crop types, the market is divided into cereals and grains, fruits and vegetables, oilseeds and pulses, among others. Cereals and grains are further divided into corn, wheat, and rice, among others while oilseeds and pulses are sub-divided into soybean and canola, among others.
The forms include chelated micronutrients and non-chelated micronutrients. Chelated micronutrients are sub-divided into ethylene diamine-tetra-acetic acid (EDTA), ethlyenediamine Di-2-hydroxyphenyl acetate (EDDHA), diethylene-triamine penta-acetic acid (DTPA), and iminodisuccinic acid (IDHA), among others.
By mode of application, the market is divided into soil, foliar, and fertigation, among others.
The major players in the industry are BASF SE, Yara International ASA, Helena Agri-Enterprises, LLC, Haifa Negev technologies LTD, VALAGRO S.P.A, Zuari Agro Chemicals LTD, and Baicor, LLC, among others.
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