The global agricultural micronutrients market was valued at USD 5.19 billion in 2024 and is projected to grow to USD 9.03 billion by 2032, rising from USD 5.53 billion in 2025. This reflects a compound annual growth rate (CAGR) of 7.26% over the forecast period. The U.S. market is poised for notable expansion, with projections indicating it will reach USD 1.88 billion by 2032, primarily driven by increased usage across large-acreage crops. In 2024, the Asia Pacific region led the global market, capturing a dominant 46.62% share.
Essential micronutrients such as zinc, boron, iron, molybdenum, chloride, nickel, copper, and manganese play a vital role in addressing micronutrient deficiencies in soil. These nutrients are delivered in either chelated or non-chelated forms and are applied to a range of crops—such as cereals, oilseeds, pulses, fruits, and vegetables—through methods including soil application, foliar spraying, and fertigation.
Information Source: https://www.fortunebusinessinsights.com/industry-reports/agricultural-micronutrients-market-101607
Market Segmentation
Zinc to Lead Growth Among Micronutrient Types
Among various types, including iron, boron, molybdenum, manganese, and others, the zinc segment is expected to register the highest growth. This trend is largely attributed to growing global awareness of zinc deficiency in agricultural soils.
Soil Application Segment to Grow Strongly with Technological Advancements
When segmented by application method, the market includes fertigation, foliar sprays, and soil application. The soil application segment is projected to witness robust growth due to technological progress and rising investment in high-capacity fertilizer spreaders.
Non-Chelated Nutrients to Gain Popularity for Affordability
In terms of form, the market is divided into chelated and non-chelated variants. The non-chelated segment is anticipated to grow substantially, thanks to its cost-effectiveness and broader market availability compared to chelated products.
Cereal Crops to Drive Market Demand
By crop category, the market is segmented into cereals, oilseeds and pulses, fruits and vegetables, and others. The cereals segment is projected to expand considerably, driven by increased global cultivation and demand.
Geographically, the market spans Asia Pacific, North America, Europe, South America, and the Middle East & Africa.
Report Coverage
This report offers an in-depth look at emerging market trends, growth drivers, and potential challenges. It also evaluates strategic activities such as mergers, acquisitions, and partnerships undertaken by key players to solidify their market positions.
Market Drivers and Restraints
Increased High-Value Crop Cultivation Fuels Demand
Market growth is primarily supported by the increasing cultivation of high-value crops, including fruits, vegetables, ornamental plants, and turf. The rising yields and quality expectations for these crops are amplifying the demand for micronutrients.
Nonetheless, limited access to government funding and support programs may hinder growth in certain regions.
Regional Insights
Asia Pacific to Continue Leading, Driven by Agricultural Output in India and China
Asia Pacific is set to retain its leadership position in the market throughout the forecast period, propelled by extensive cereal and staple crop production in India and China.
North America is expected to experience notable growth as awareness surrounding soil micronutrient deficiencies becomes more widespread among farmers and agronomists.
Competitive Landscape
Strategic Alliances Strengthen Market Footprint of Key Players
Major companies are leveraging mergers, acquisitions, and partnerships to broaden their global presence. Additionally, many are investing in innovation to enhance product effectiveness and meet evolving agricultural needs.
Prominent Players Profiled:
- 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 Zakłady Chemiczne Police Group (Poland)
- Marubeni Corporation (Helena Agri-Enterprises, LLC) (U.S.)
- Nouryon Chemicals Holdings B.V. (Netherlands)
Tariff Impact Analysis for Agricultural Micronutrients Market: https://www.fortunebusinessinsights.com/enquiry/request-sample-us-tariff/agricultural-micronutrients-market-101607
Recent Industry Development
- March 2021 – Haifa Group entered a partnership with AgriIOT, a provider of agricultural technology, to support farmers in monitoring crops and purchasing appropriate products. The collaboration focuses on delivering targeted solutions for nutrient deficiencies.
