Agriculture Micronutrients Market: By Product Type (Chelated products, Non-chelated products), By Micronutrient Type (Iron, Copper, Zinc, Magnesium, Molybdenum, Manganese, Boron, Others), By Crop Type (Cereals, Oilseeds and Pulses, Vegetables and fruits, Others), By Mode Of Application (Foliar, Soil, Fertigation) and Geography  

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Agriculture Micronutrients Market size was valued at USD 4.82 billion in 2023.  It is expected to reach USD 7.01 billion by 2030 recording a CAGR of 8.5% from 2024-2030. Agriculture Micronutrients Market is the essential element for plants, which are required in very small quantities. Micronutrients are the fundamental input in agriculture to improve the quality and yield of agricultural products. The most commonly used agriculture micronutrients include Boron, Zinc, Copper, Manganese, Iron, Molybdenum, Nickel, and among others. Micronutrients perform a different function for the development and growth of plant and require less than a pound per acre. Due to the lack of these micronutrients, critical functions of the plant are limited and result in plant abnormities, lower yield, and reduced growth of the plant. The rise in global population and decrease in arable land, increase in soil deficiency due to soil and water pollution, rise in demand for biofuels, and growing demand for quality food products with better yields are fuelling the market. Moreover, innovation of newer products, shrinkage in agricultural land due to the rise in population, and deficiency of micronutrients in agricultural land due to the rise in usage of chemical fertilizers are anticipated to propel the market over the forecast period. However, lack of awareness regarding the proper application and appropriate dosage of agricultural micronutrients in undeveloped countries and the high cost of the products are expected to restrain the market over the forecast period.

Agriculture Micronutrients Market Key Developments:
  • In June 2017, Sumitomo Corporation collaborated with Roshini Crop Sciences Pvt Ltd. and launched Foliar Blend, which contains complex carbohydrates and other micronutrients in India.
  • In March 2017, SUL4R-Plus, LLC expands its product line by launching the B+Z Fertilizer, a micronutrient product which contains Boron, Zinc, Calcium, and Sulfur

Agriculture Micronutrients Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

8.5%

Largest Market

North America

Fastest Growing Market

Asia Pacific
Agriculture Micronutrients Market Dynamics

The market is growing at a significant CAGR due to increase in the population demanding for high-quality food products. Moreover, efficiency of the soil is gradually decreasing due to pollution of water and soil with excessive use of fertilizers. Agriculture scientists are focusing on high product yields in less cultivation area, which is expected to propel the market. Moreover, increase in the R&D activities for the innovation of newer products, acquisition and mergers, product approvals and launchings, patent fillings, and collaborations are the strategies followed by agriculture industries to increase their revenue share. For instance, in June 2013, Novozymes acquired TJ Technologies Inc. for strengthening its position in bioagriculture including agriculture micronutrients product portfolio. In addition, Zero Gravity Solutions, Inc. received a U.S. patent for its product BAM-FX an agriculture micronutrient product, which increase the efficiency of fertilizers use.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor's overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Agriculture Micronutrients Market Segmentation

By product type
  • Chelated products,
  • Non-chelated products
By Micronutrient Type
  • Iron,
  • Copper, 
  • Zinc,
  • Magnesium,
  • Molybdenum,
  • Manganese,
  • Boron,
  • Others
By Crop Type
  • Cereals,
  • Oilseeds and pulses,
  • Vegetables and fruits,
  • Others
By Mode Of Application
  • Foliar,
  • Soil,
  • Fertigation

Frequently Asked Questions

The agriculture micronutrients market size was valued at USD 4.82 billion in 2023

The agriculture micronutrients market key players are: AkzoNobel N.V. (Netherlands) BASF SE (Germany) Agrium, Inc. (Canada) The Dow Chemical Company (U.S.) The Mosaic Company (U.S.) Novozymes (Denmark) Sumitomo Corporation (Japan) Helena Chemical Company (U.S.) Nufarm Ltd. (Australia) SUL4R-PLUS, LLC (U.S.) Yara International (Norway) Land OLakes, Inc. (U.S.)

The agriculture micronutrients market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.

1. Executive Summary
2. Global Agriculture Micronutrients Market
2.1. Introduction
2.2. Taxonomy
2.3. Definitions
2.3.1. Product Type
2.3.2. Micronutrient Type
2.3.3. Crop Type
2.3.4. Mode of Application
3. Global Agriculture Micronutrients Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Agriculture Micronutrients Market Dynamic Factors - Impact Analysis
3.6. Competition Landscape
3.7. Epidemiology
4. Global Agriculture Micronutrients Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Agriculture Micronutrients Market, By Product Type, 2019 - 2023 and Forecast, 2024 - 2030
5.1. Chelated products
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Non-chelated products
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
6. Global Agriculture Micronutrients Market Forecast, By Micronutrient Type, 2019 - 2023 and Forecast, 2024 - 2030
6.1. Iron
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Copper
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Zinc
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Magnesium
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
6.5. Molybdenum
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.5.3. Market Opportunity Analysis
6.6. Manganese
6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.6.3. Market Opportunity Analysis
6.7. Boron
6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.7.3. Market Opportunity Analysis
6.8. Others
6.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.8.3. Market Opportunity Analysis
7. Global Agriculture Micronutrients Market Forecast, By Crop Type, 2019 - 2023 and Forecast, 2024 - 2030
7.1. Cereals
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Oilseeds and pulses
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Vegetables and fruits
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Others
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
8. Global Agriculture Micronutrients Market Forecast, By Mode of Application, 2019 - 2023 and Forecast, 2024 - 2030
8.1. Foliar
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Soil
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Fertigation
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
9. Global Agriculture Micronutrients Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030
9.1. North America
9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.1.3. Market Opportunity Analysis
9.2. Europe
9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.2.3. Market Opportunity Analysis
9.3. Asia-Pacific
9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.3.3. Market Opportunity Analysis
9.4. Latin America
9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.4.3. Market Opportunity Analysis
9.5. Middle East and Africa
9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.5.3. Market Opportunity Analysis
9.6. Opportunity Analysis Index, By Product Type, By Micronutrient Type, By Crop Type, By Mode of Application and Region, 2024 - 2030
10. North America Agriculture Micronutrients Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030
10.1. Product Type Analysis
10.1.1. Chelated products
10.1.2. Non-chelated products
10.2. Micronutrient Type Analysis
10.2.1. Iron
10.2.2. Copper
10.2.3. Zinc
10.2.4. Magnesium
10.2.5. Molybdenum
10.2.6. Manganese
10.2.7. Boron
10.2.8. Others
10.3. Crop Type Analysis
10.3.1. Cereals
10.3.2. Oilseeds and pulses
10.3.3. Vegetables and fruits
10.3.4. Others
10.4. Mode of Application Analysis
10.4.1. Foliar
10.4.2. Soil
10.4.3. Fertigation
10.5. Country Analysis
10.5.1. U.S.
10.5.2. Canada
10.6. Opportunity Analysis Index, By Product Type, By Micronutrient Type, By Crop Type, By Mode of Application and Region, 2024 - 2030
10.7. North America Agriculture Micronutrients Market Dynamics – Trends
11. Europe Agriculture Micronutrients Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030
11.1. Product Type Analysis
11.1.1. Chelated products
11.1.2. Non-chelated products
11.2. Micronutrient Type Analysis
11.2.1. Iron
11.2.2. Copper
11.2.3. Zinc
11.2.4. Magnesium
11.2.5. Molybdenum
11.2.6. Manganese
11.2.7. Boron
11.2.8. Others
11.3. Crop Type Analysis
11.3.1. Cereals
11.3.2. Oilseeds and pulses
11.3.3. Vegetables and fruits
11.3.4. Others
11.4. Mode of Application Analysis
11.4.1. Foliar
11.4.2. Soil
11.4.3. Fertigation
11.5. Country Analysis
11.5.1. Germany
11.5.2. UK
11.5.3. France
11.5.4. Spain
11.5.5. Italy
11.5.6. Russia
11.5.7. Poland
11.5.8. Rest of Europe
11.6. Opportunity Analysis Index, By Product Type, By Micronutrient Type, By Crop Type, By Mode of Application and Region, 2024 - 2030
11.7. Europe Agriculture Micronutrients Market Dynamics – Trends
12. Asia-Pacific Agriculture Micronutrients Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030
12.1. Product Type Analysis
12.1.1. Chelated products
12.1.2. Non-chelated products
12.2. Micronutrient Type Analysis
12.2.1. Iron
12.2.2. Copper
12.2.3. Zinc
12.2.4. Magnesium
12.2.5. Molybdenum
12.2.6. Manganese
12.2.7. Boron
12.2.8. Others
12.3. Crop Type Analysis
12.3.1. Cereals
12.3.2. Oilseeds and pulses
12.3.3. Vegetables and fruits
12.3.4. Others
12.4. Mode of Application Analysis
12.4.1. Foliar
12.4.2. Soil
12.4.3. Fertigation
12.5. Country Analysis
12.5.1. Japan
12.5.2. China
12.5.3. India
12.5.4. ASEAN
12.5.5. Australia & New Zealand
12.5.6. Rest of Asia-Pacific
12.6. Opportunity Analysis Index, By Product Type, By Micronutrient Type, By Crop Type, By Mode of Application and Region, 2024 - 2030
12.7. Asia-Pacific Agriculture Micronutrients Market Dynamics – Trends
13. Latin America Agriculture Micronutrients Market Analysis, 2012 - 2012 - 2019 - 2023 and Forecast, 2024 - 2030
13.1. Product Type Analysis
13.1.1. Chelated products
13.1.2. Non-chelated products
13.2. Micronutrient Type Analysis
13.2.1. Iron
13.2.2. Copper
13.2.3. Zinc
13.2.4. Magnesium
13.2.5. Molybdenum
13.2.6. Manganese
13.2.7. Boron
13.2.8. Others
13.3. Crop Type Analysis
13.3.1. Cereals
13.3.2. Oilseeds and pulses
13.3.3. Vegetables and fruits
13.3.4. Others
13.4. Mode of Application Analysis
13.4.1. Foliar
13.4.2. Soil
13.4.3. Fertigation
13.5. Country Analysis
13.5.1. Brazil
13.5.2. Mexico
13.5.3. Argentina
13.5.4. Venezuela
13.5.5. Rest of Latin America
13.6. Opportunity Analysis Index, By Product Type, By Micronutrient Type, By Crop Type, By Mode of Application and Region, 2024 - 2030
13.7. Latin America Agriculture Micronutrients Market Dynamics – Trends
14. Middle East and Africa Agriculture Micronutrients Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030
14.1. Product Type Analysis
14.1.1. Chelated products
14.1.2. Non-chelated products
14.2. Micronutrient Type Analysis
14.2.1. Iron
14.2.2. Copper
14.2.3. Zinc
14.2.4. Magnesium
14.2.5. Molybdenum
14.2.6. Manganese
14.2.7. Boron
14.2.8. Others
14.3. Crop Type Analysis
14.3.1. Cereals
14.3.2. Oilseeds and pulses
14.3.3. Vegetables and fruits
14.3.4. Others
14.4. Mode of Application Analysis
14.4.1. Foliar
14.4.2. Soil
14.4.3. Fertigation
14.5. Country Analysis
14.5.1. Gulf Cooperation Council (GCC) Countries
14.5.2. Israel
14.5.3. South Africa
14.5.4. Rest of MEA
14.6. Opportunity Analysis Index, By Product Type, By Micronutrient Type, By Crop Type, By Mode of Application and Region, 2024 - 2030
14.7. MEA Agriculture Micronutrients Market Dynamics – Trends
15. Competition Landscape
15.1. Strategic Dashboard of Top Market Players
15.2. Company Profiles (Introduction, Financial Analysis, Drug Class& Service Offerings, Key Developments, Strategies, and SWOT Analysis)
15.2.1. AkzoNobel N.V. (Netherlands)
15.2.2. BASF SE (Germany)
15.2.3. Agrium, Inc. (Canada)
15.2.4. The Dow Chemical Company (U.S.)
15.2.5. The Mosaic Company (U.S.), Novozymes (Denmark)
15.2.6. Sumitomo Corporation (Japan)
15.2.7. Helena Chemical Company (U.S.)
15.2.8. Nufarm Ltd. (Australia)
15.2.9. SUL4R-PLUS, LLC (U.S.)
15.2.10. Yara International (Norway)
15.2.11. Land O’Lakes, Inc. (U.S.)
16. Research Methodology
17. Key Assumptions and Acronyms
  • AkzoNobel N.V. (Netherlands)
  • BASF SE (Germany)
  • Agrium, Inc. (Canada)
  • The Dow Chemical Company (U.S.)
  • The Mosaic Company (U.S.)
  • Novozymes (Denmark)
  • Sumitomo Corporation (Japan)
  • Helena Chemical Company (U.S.)
  • Nufarm Ltd. (Australia)
  • SUL4R-PLUS, LLC (U.S.)
  • Yara International (Norway)
  • Land OLakes, Inc. (U.S.)