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Global Micronutrient Fertilizers Market Size, Share, Forecast: By Nutrient: Zinc, Manganese, Copper, Boron, Molybdenum, Iron, Others; By Form: Chelated, Non-Chelated; By Application: Soil, Foliar, Fertigation, Others; By Crop Type: Grains and Cereals, Pulses and Oilseeds, Others; Regional Analysis; Competitive Landscape; 2024-2032

Global Micronutrient Fertilizers Market Outlook

The global micronutrient fertilizers market size is estimated to grow at a CAGR of 7.1% in the forecast period of 2024-2032, reaching a value of around USD 5.96 billion by 2032. The market is being driven by rising demand for food and increasing importance of micronutrients for plant growth.

Key Trends in the Market

Micronutrient fertilizers refer to specialised fertilizers that contain micronutrients that help crop growth and plant processes. Common nutrients in micronutrient fertilizers include zinc, boron, manganese, copper, and iron. The micronutrient fertilizers can be applied directly on soil or foliar, or through the process of fertigation.

global-micronutrient-fertilizers-market

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The key micronutrient fertilizers market trends influencing the market growth include the increasing global population, a growing need to improve agricultural production and quality, and an increasing demand for food. Adequate micronutrient levels aid in maximising crop productivity, thereby increasing the production of crops.

Efforts of various governments to promote the use of micronutrient fertilizers as a solution to the serious problem of micronutrient shortage are boosting the micronutrient fertilizers market growth. By improving access to micronutrient fertilizers, governments can aid farmers in improving crop yields.

Declining arable land and increasing adoption of precision agriculture is anticipated to fuel the market expansion of micronutrient fertilizers. These fertilizers are an essential component of precision farming since they allow farmers to modify crop management practises to specific crop requirements and environmental conditions.

Market Analysis

Based on nutrient, the market is divided into zinc, manganese, copper, boron, molybdenum, and iron, among others. On the basis of form, the market is bifurcated into chelated and non-chelated, with chelated sub-divided by type into dry and liquid, and non-chelated sub-divided by type into dry and liquid. Based on application the market is segmented into soil, foliar, and fertigation, among others. By crop type, the market is categorised into grains and cereals, pulses and oilseeds, commercial crops, and fruits and vegetables, among others. The regional markets for micronutrient fertilizers are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

global-micronutrient-fertilizers-market-by-segments

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The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model, along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global micronutrient fertilizers market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.

Yara International ASA

Haifa Negev technologies LTD

Coromandel International Limited

UPL LTD

BASF SE

Israel Chemicals Ltd.,

Others

Market Share by Nutrient

Zinc is anticipated to account for a sizable share of the micronutrient fertilizers market due to the desire to improve soil health and fertility as well as the rising understanding of zinc's benefits in improving crop production and quality. Also, zinc is considered to be an essential element which is required for the proper growth and development of plants. Crops that are zinc deficient may grow slower, yield less, and be of poor quality. Over the forecast period, the market for zinc micronutrient fertilizers is anticipated to grow as a consequence of the rising consumption of cereal-based food that is low in zinc content.

Market Share by Region

Asia Pacific is expected to witness significant growth in the global market for micronutrients fertilizers. The market for different micronutrient fertiliser products in the region is boosted by the well-established distribution network of micronutrient fertilizers in major Asia Pacific countries, including China and India. The micronutrient fertilizers market expansion in the region is also being propelled by the rising demand for food grains to meet the needs of large populations and the depletion of soil nutrients. Increasing awareness regarding the micronutrient requirements of various crops is further increasing the demand for micronutrient fertilizers in the Asia Pacific.

global-micronutrient-fertilizers-market-by-region

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Competitive Landscape

Yara International ASA, founded in 1905 and headquartered in Oslo, Norway, deals with the production and distribution of nitrogen-based mineral fertilizers and associated industrial goods. The company also produces nitrates, ammonia, urea, and other nitrogen-based substances.

Haifa Negev technologies LTD, established in 1966 and headquartered in Haifa, Israel, is an international company and a leading provider of specialised fertilizers, such as agricultural and industrial grade potassium nitrate. Additionally, the company develops and produces a large variety of specialised fertilizers.

Coromandel International Limited, founded in 1961 and based in Telangana, India, is a leading producer of phosphatic fertiliser in India. The company operates in the business sectors of fertilizers, specialty nutrients, crop protection, and retail.

Other market players include UPL LTD, BASF SE, and Israel Chemicals Ltd., among others.

Key Highlights of the Report

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: Nutrient Form Application Crop Type Region
Breakup by Nutrient	Zinc Manganese Copper Boron Molybdenum Iron Others
Breakup by Form	Chelated Non-Chelated
Breakup by Application	Soil Foliar Fertigation Others
Breakup by Crop Type	Grains and Cereals Pulses and Oilseeds Commercial Crops Fruits and Vegetables Others
Breakup by Region	North America United States of America Canada Europe United Kingdom Germany France Italy Others Asia Pacific China Japan India ASEAN Australia Others Latin America Brazil Argentina Mexico Others Middle East and Africa Saudi Arabia United Arab Emirates Nigeria South Africa Others
Market Dynamics	SWOT Porter's Five Forces Key Indicators for Demand Key Indicators for Price
Competitive Landscape	Market Structure Company Profiles Company Overview Product Portfolio Demographic Reach and Achievements Certifications
Companies Covered	Yara International ASA Haifa Negev technologies LTD Coromandel International Limited UPL LTD BASF SE Israel Chemicals Ltd., Others
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.

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1   Preface
2   Report Coverage – Key Segmentation and Scope
3   Report Description
   3.1   Market Definition and Outlook
   3.2   Properties and Applications
   3.3   Market Analysis
   3.4   Key Players
4   Key Assumptions
5   Executive Summary
   5.1   Overview
   5.2   Key Drivers
   5.3   Key Developments
   5.4   Competitive Structure
   5.5   Key Industrial Trends
6   Market Snapshot
   6.1   Global
   6.2   Region
7   Opportunities and Challenges in the Market
8   Global Micronutrient Fertilizers Market Analysis
   8.1   Key Industry Highlights
   8.2   Global Micronutrient Fertilizers Historical Market (2018-2023)
   8.3   Global Micronutrient Fertilizers Market Forecast (2024-2032)
   8.4   Global Micronutrient Fertilizers Market by Nutrient
       8.4.1   Zinc
           8.4.1.1 Historical Trend (2018-2023)
           8.4.1.2 Forecast Trend (2024-2032)
       8.4.2   Manganese
           8.4.2.1 Historical Trend (2018-2023)
           8.4.2.2 Forecast Trend (2024-2032)
       8.4.3   Copper
           8.4.3.1 Historical Trend (2018-2023)
           8.4.3.2 Forecast Trend (2024-2032)
       8.4.4   Boron
           8.4.4.1 Historical Trend (2018-2023)
           8.4.4.2 Forecast Trend (2024-2032)
       8.4.5   Molybdenum
           8.4.5.1 Historical Trend (2018-2023)
           8.4.5.2 Forecast Trend (2024-2032)
       8.4.6   Iron
           8.4.6.1 Historical Trend (2018-2023)
           8.4.6.2 Forecast Trend (2024-2032)
       8.4.7   Others
   8.5   Global Micronutrient Fertilizers Market by Form
       8.5.1   Chelated
           8.5.1.1 Historical Trend (2018-2023)
           8.5.1.2 Forecast Trend (2024-2032)
           8.5.1.3 Breakup by Chelated Type
               8.5.1.3.1   Dry
               8.5.1.3.2   Liquid
       8.5.2   Non-Chelated
           8.5.2.1 Historical Trend (2018-2023)
           8.5.2.2 Forecast Trend (2024-2032)
           8.5.2.3 Breakup by Non-Chelated Type
               8.5.2.3.1   Dry
               8.5.2.3.2   Liquid
   8.6   Global Micronutrient Fertilizers Market by Application
       8.6.1   Soil
           8.6.1.1 Historical Trend (2018-2023)
           8.6.1.2 Forecast Trend (2024-2032)
       8.6.2   Foliar
           8.6.2.1 Historical Trend (2018-2023)
           8.6.2.2 Forecast Trend (2024-2032)
       8.6.3   Fertigation
           8.6.3.1 Historical Trend (2018-2023)
           8.6.3.2 Forecast Trend (2024-2032)
       8.6.4   Others
   8.7   Global Micronutrient Fertilizers Market by Crop Type
       8.7.1   Grains and Cereals
           8.7.1.1 Historical Trend (2018-2023)
           8.7.1.2 Forecast Trend (2024-2032)
       8.7.2   Pulses and Oilseeds
           8.7.2.1 Historical Trend (2018-2023)
           8.7.2.2 Forecast Trend (2024-2032)
       8.7.3   Commercial Crops
           8.7.3.1 Historical Trend (2018-2023)
           8.7.3.2 Forecast Trend (2024-2032)
       8.7.4   Fruits and Vegetables
           8.7.4.1 Historical Trend (2018-2023)
           8.7.4.2 Forecast Trend (2024-2032)
       8.7.5   Others
   8.8   Global Micronutrient Fertilizers Market by Region
       8.8.1   North America
           8.8.1.1 Historical Trend (2018-2023)
           8.8.1.2 Forecast Trend (2024-2032)
       8.8.2   Europe
           8.8.2.1 Historical Trend (2018-2023)
           8.8.2.2 Forecast Trend (2024-2032)
       8.8.3   Asia Pacific
           8.8.3.1 Historical Trend (2018-2023)
           8.8.3.2 Forecast Trend (2024-2032)
       8.8.4   Latin America
           8.8.4.1 Historical Trend (2018-2023)
           8.8.4.2 Forecast Trend (2024-2032)
       8.8.5   Middle East and Africa
           8.8.5.1 Historical Trend (2018-2023)
           8.8.5.2 Forecast Trend (2024-2032)
9   North America Micronutrient Fertilizers Market Analysis
   9.1   United States of America
       9.1.1 Historical Trend (2018-2023)
       9.1.2 Forecast Trend (2024-2032)
   9.2   Canada
       9.2.1 Historical Trend (2018-2023)
       9.2.2 Forecast Trend (2024-2032)
10   Europe Micronutrient Fertilizers Market Analysis
   10.1   United Kingdom
       10.1.1 Historical Trend (2018-2023)
       10.1.2 Forecast Trend (2024-2032)
   10.2   Germany
       10.2.1 Historical Trend (2018-2023)
       10.2.2 Forecast Trend (2024-2032)
   10.3   France
       10.3.1 Historical Trend (2018-2023)
       10.3.2 Forecast Trend (2024-2032)
   10.4   Italy
       10.4.1 Historical Trend (2018-2023)
       10.4.2 Forecast Trend (2024-2032)
   10.5   Others
11   Asia Pacific Micronutrient Fertilizers Market Analysis
   11.1   China
       11.1.1 Historical Trend (2018-2023)
       11.1.2 Forecast Trend (2024-2032)
   11.2   Japan
       11.2.1 Historical Trend (2018-2023)
       11.2.2 Forecast Trend (2024-2032)
   11.3   India
       11.3.1 Historical Trend (2018-2023)
       11.3.2 Forecast Trend (2024-2032)
   11.4   ASEAN
       11.4.1 Historical Trend (2018-2023)
       11.4.2 Forecast Trend (2024-2032)
   11.5   Australia
       11.5.1 Historical Trend (2018-2023)
       11.5.2 Forecast Trend (2024-2032)
   11.6   Others
12   Latin America Micronutrient Fertilizers Market Analysis
   12.1   Brazil
       12.1.1 Historical Trend (2018-2023)
       12.1.2 Forecast Trend (2024-2032)
   12.2   Argentina
       12.2.1 Historical Trend (2018-2023)
       12.2.2 Forecast Trend (2024-2032)
   12.3   Mexico
       12.3.1 Historical Trend (2018-2023)
       12.3.2 Forecast Trend (2024-2032)
   12.4   Others
13   Middle East and Africa Micronutrient Fertilizers Market Analysis
   13.1   Saudi Arabia
       13.1.1 Historical Trend (2018-2023)
       13.1.2 Forecast Trend (2024-2032)
   13.2   United Arab Emirates
       13.2.1 Historical Trend (2018-2023)
       13.2.2 Forecast Trend (2024-2032)
   13.3   Nigeria
       13.3.1 Historical Trend (2018-2023)
       13.3.2 Forecast Trend (2024-2032)
   13.4   South Africa
       13.4.1 Historical Trend (2018-2023)
       13.4.2 Forecast Trend (2024-2032)
   13.5   Others
14   Market Dynamics
   14.1   SWOT Analysis
       14.1.1   Strengths
       14.1.2   Weaknesses
       14.1.3   Opportunities
       14.1.4   Threats
   14.2   Porter’s Five Forces Analysis
       14.2.1   Supplier’s Power
       14.2.2   Buyer’s Power
       14.2.3   Threat of New Entrants
       14.2.4   Degree of Rivalry
       14.2.5   Threat of Substitutes
   14.3   Key Indicators for Demand
   14.4   Key Indicators for Price
15   Competitive Landscape
   15.1   Market Structure
   15.2   Company Profiles
       15.2.1   Yara International ASA
           15.2.1.1   Company Overview
           15.2.1.2   Product Portfolio
           15.2.1.3   Demographic Reach and Achievements
           15.2.1.4   Certifications
       15.2.2   Haifa Negev technologies LTD
           15.2.2.1   Company Overview
           15.2.2.2   Product Portfolio
           15.2.2.3   Demographic Reach and Achievements
           15.2.2.4   Certifications
       15.2.3   Coromandel International Limited
           15.2.3.1   Company Overview
           15.2.3.2   Product Portfolio
           15.2.3.3   Demographic Reach and Achievements
           15.2.3.4   Certifications
       15.2.4   UPL LTD
           15.2.4.1   Company Overview
           15.2.4.2   Product Portfolio
           15.2.4.3   Demographic Reach and Achievements
           15.2.4.4   Certifications
       15.2.5   BASF SE
           15.2.5.1   Company Overview
           15.2.5.2   Product Portfolio
           15.2.5.3   Demographic Reach and Achievements
           15.2.5.4   Certifications
       15.2.6   Israel Chemicals Ltd.,
           15.2.6.1   Company Overview
           15.2.6.2   Product Portfolio
           15.2.6.3   Demographic Reach and Achievements
           15.2.6.4   Certifications
       15.2.7   Others
16   Key Trends and Developments in the Market

List of Key Figures and Tables

1.   Global Micronutrient Fertilizers Market: Key Industry Highlights, 2018 and 2032
2.   Global Micronutrient Fertilizers Historical Market: Breakup by Nutrient (USD Billion), 2018-2023
3.   Global Micronutrient Fertilizers Market Forecast: Breakup by Nutrient (USD Billion), 2024-2032
4.   Global Micronutrient Fertilizers Historical Market: Breakup by Form (USD Billion), 2018-2023
5.   Global Micronutrient Fertilizers Market Forecast: Breakup by Form (USD Billion), 2024-2032
6.   Global Micronutrient Fertilizers Historical Market: Breakup by Crop Type (USD Billion), 2018-2023
7.   Global Micronutrient Fertilizers Market Forecast: Breakup by Crop Type (USD Billion), 2024-2032
8.   Global Micronutrient Fertilizers Historical Market: Breakup by Application (USD Billion), 2018-2023
9.   Global Micronutrient Fertilizers Market Forecast: Breakup by Application (USD Billion), 2024-2032
10.   Global Micronutrient Fertilizers Historical Market: Breakup by Region (USD Billion), 2018-2023
11.   Global Micronutrient Fertilizers Market Forecast: Breakup by Region (USD Billion), 2024-2032
12.   North America Micronutrient Fertilizers Historical Market: Breakup by Country (USD Billion), 2018-2023
13.   North America Micronutrient Fertilizers Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.   Europe Micronutrient Fertilizers Historical Market: Breakup by Country (USD Billion), 2018-2023
15.   Europe Micronutrient Fertilizers Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.   Asia Pacific Micronutrient Fertilizers Historical Market: Breakup by Country (USD Billion), 2018-2023
17.   Asia Pacific Micronutrient Fertilizers Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.   Latin America Micronutrient Fertilizers Historical Market: Breakup by Country (USD Billion), 2018-2023
19.   Latin America Micronutrient Fertilizers Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.   Middle East and Africa Micronutrient Fertilizers Historical Market: Breakup by Country (USD Billion), 2018-2023
21.   Middle East and Africa Micronutrient Fertilizers Market Forecast: Breakup by Country (USD Billion), 2024-2032
22.   Global Micronutrient Fertilizers Market Structure.

Key Questions Answered in the Report

What is the growth rate of the micronutrient fertilizers market?

The market is assessed to grow at a CAGR of 7.1% between 2024 and 2032.

What is the micronutrient fertilizers market forecast for 2024-2032?

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around USD 5.96 billion by 2032.

What are the major drivers of the micronutrient fertilizers market?

The major market drivers include the declining arable land, rising demand for food, increasing soil and plant tissue testing, and increasing importance of micronutrients for plant growth.

What are the key trends of the market?

The key trends guiding the growth of the market include the rising adoption of precision agriculture, development of specialised micronutrient fertilizers, and government initiatives to promote the use of micronutrient fertilizers.

What are the major regions for micronutrient fertilizers, according to the EMR report?

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

What are the different nutrients in the market for micronutrient fertilizers?

The different nutrients in the market for micronutrient fertilizers are zinc, manganese, copper, boron, molybdenum, and iron, among others.

What are the various applications of micronutrient fertilizers in the market?

The various applications of micronutrient fertilizers in the market include soil, foliar, and fertigation, among others.

Who are the key players in the market, according to the micronutrient fertilizers market report?

The major market players, according to the report, are Yara International ASA, Haifa Negev technologies LTD, Coromandel International Limited, UPL LTD, BASF SE, and Israel Chemicals Ltd., among others.

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