Global Agricultural Micronutrients Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report - Segmented By Type (Zinc, Boron, Copper, Manganese, Molybdenum, Iron, Cobalt and Others), Mode Of Application (Soil, Fertigation, Seed Treatment, Foliar and Others), Form (Chelated (EDTA, DTPA, EDDHA, IDHA, HBED) and Non-Chelated), Crop Type (Fruits And Vegetables, Cereals, Pulses And Oilseeds and Others) and Region(North America, Europe, Asia-Pacific, Latin America, Middle East and Africa) - Industry Analysis From 2024 to 2029

Updated On: January, 2024
ID: 1741
Pages: 175

Global Agricultural Micronutrients Market Size (2024 to 2029)

The global agricultural micronutrient market size is expected to reach USD 8.76 billion in 2024 and reach USD 13.04 billion by 2029, growing at a CAGR of 8.28 % from 2024 to 2029.

The market is growing rapidly due to rising soil deficiencies and increasing demand for high-quality yields. Micronutrients are supplements required by organisms throughout life in small amounts to coordinate a range of physiological functions. Micronutrients are essential for the growth of plants and play an important role in balanced crop protection. Deficiency of Micronutrients results in the withering of buds in crops, yellowing of leaves, health hazards and eventually results in the decline of crop productivity.

Rising demand for food and increasing demand for standard quality and continuous yield because of a growing population depleting arable land are the major factors driving the market. Lack of awareness among farmers in developing regions, high cost, and lack of awareness about an appropriate quantity to be injected into the soil due to the lack of standardized levels established by regulatory agencies are the major restraints of the markets.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

CAGR

8.28%

Segments Covered

By Type, Mode of Application, Form, Crop Type, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

BASF SE, Mosaic, and Cheminova, Agrium Inc., Aries Agro Ltd., Coromandel International Ltd., Yara International, Valagro, Gujarat State Fertilizers & Chemicals, Tradecorp International, AkzoNobel.

SEGMENTAL ANALYSIS

Global Agricultural Micronutrients By Crop Type

The zinc segment is expected to grow at the highest CAGR because of the growing demand for zinc in food. Cereals are the highest growing segment around the world owing to continuous technological advancements and growing demand for cereals.

REGIONAL ANALYSIS

Asia-Pacific is the largest market globally and continues to dominate the world throughout the forecast period owing to the high demand for C, increasing investment in the agricultural sector, and management of crop production costs.

KEY MARKET PLAYERS

BASF SE, Mosaic, and Cheminova, Agrium Inc., Aries Agro Ltd., Coromandel International Ltd., Yara International, Valagro, Gujarat State Fertilizers & Chemicals, Tradecorp International, AkzoNobel, are playing a dominated role in the global agriculture micronutrients market.

DETAILED SEGMENTATION OF THE GLOBAL AGRICULTURE MICRONUTRIENTS MARKET INCLUDED IN THIS REPORT

This market research report on the global agriculture micronutrients market is segmented and sub-segmented into the following categories.

By Type

  • Zinc
  • Boron
  • Copper
  • Manganese
  • Molybdenum
  • Iron
  • Cobalt
  • Others

Mode of Application

  • Fertigation
  • Seed treatment
  • Foliar
  • Others

Based on Form

  • Chelated
    • Ethylenediaminetetraacetic Acid (EDTA)
    • Diethylene Triamine Pentaacetic Acid (DTPA)
    • Ethylenediamine Di-2-Hydroxyphenyl Acetate (EDDHA)
    • D, L-Aspartic Acid N-(1,2-Dicarboxyethyl)
    • Tetrasodium Salt (IDHA),
    • Hydroxybenzyl Ethylenediamine Diacetic Acid (HBED)
  • Non-Chelated

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

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Frequently Asked Questions

what is the size of agricultural micronutrients market?

The global size of agricultural micronutrients market was worth USD 8.09 Billion in 2023 

what is the growth of agricultural micronutrients market?

The agriculture micronutrients market is expected to reach USD 12.04 Billion by 2028 with a CAGR of 8.28 % between 2023 to 2028.

what are the market key players involved in agricultural micronutrients market?

Some of the key players operating in the global market are BASF SE, Mosaic, and Cheminova, Agrium Inc., Aries Agro Ltd., Coromandel International Ltd., Yara International, Valagro, Gujarat State Fertilizers & Chemicals, Tradecorp International, AkzoNobel, are playing a dominated role in the global agriculture micronutrients market.

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