Global Agricultural Micronutrients Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Type;

Zinc, Boron, Iron, Molybdenum, Copper, Manganese and Others.

By Application Mode;

Soil, Foliar, Fertigation, and Others.

By Form;

Chelated Micronutrients, and Non-Chelated Micronutrients.

By Crop Type;

Cereals, Pulses & Oilseeds, Fruits & Vegetables and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn154907433 Published Date: February, 2024 Updated Date: March, 2024

Introduction

Global Agricultural Micronutrients Market (USD Million), 2020 - 2030

In the year 2023, the Global Agricultural Micronutrients Market was valued at USD 4,994.56 million. The size of this market is expected to increase to USD 6,661.49 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 4.2%.

The agricultural micronutrients market is experiencing considerable growth, primarily fueled by a persistent commitment to enhancing crop efficiency within the agriculture sector. Government policies play a crucial role in driving this growth, as they are instrumental in addressing soil imbalances and micronutrient deficiencies that can profoundly impact crop yields. Governments actively support the market through initiatives such as promoting soil testing, providing subsidies or incentives for micronutrient application, and offering educational programs to farmers. These measures align agricultural practices with principles of balanced nutrient management, sustainable agriculture, and improved food security. The integration of micronutrient-focused policies into broader agricultural and economic development strategies is pivotal for enhancing soil health and agricultural productivity, thereby ensuring the long-term sustainability of agriculture and meeting the nutritional needs of growing populations.

Agricultural micronutrients encompass vital elements like zinc, boron, iron, molybdenum, chloride, nickel, copper, and manganese. These micronutrients, available in chelated or non-chelated forms, are applied to various crops, including cereals, pulses & oilseeds, fruits & vegetables, through soil, foliar, or fertigation methods. The global significance of countries such as China, India, the U.S., Brazil, Russia, France, Mexico, Japan, Germany, and Turkey as top agricultural producers, according to the Food and Agriculture Organization (FAO), underscores the widespread influence of agricultural practices. Moreover, the growing global demand for high-quality agricultural products has significantly contributed to the increased adoption of efficient fertilizers in the agriculture industry, driving substantial growth in the agricultural micronutrients market.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application mode
    3. Market Snapshot, By Form
    4. Market Snapshot, By Crop Type
    5. Market Snapshot, By Region
  4. Global Agricultural Micronutrients Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Awareness and Adoption of Precision Farming
        2. Rising Global Population and Food Demand
        3. Government Initiatives for Sustainable Agriculture
        4. Increasing Export Opportunities for Agricultural Products
      2. Restraints
        1. High Initial Investment
        2. Limited Awareness and Education

        3. Complexities in Micronutrient Formulations

      3. Opportunities

        1. Research and Development in Micronutrient Technologies
        2. Collaborations and Partnerships

        3. Customized Micronutrient Solutions

        4. Integration of Digital Agriculture
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Agricultural Micronutrients Market, By Type, 2022 - 2032 (USD Million)
      1. Zinc
      2. Boron
      3. Iron
      4. Molybdenum
      5. Copper
      6. Manganese
      7. Others
    2. Global Agricultural Micronutrients Market, By Application mode, 2022 - 2032 (USD Million)
      1. Soil
      2. Foliar
      3. Fertigation
    3. Global Agricultural Micronutrients Market, By Form, 2022 - 2032 (USD Million)
      1. Chelated Micronutrients
      2. Non-Chelated Micronutrients
    4. Global Agricultural Micronutrients Market, By Crop Type, 2022 - 2032 (USD Million)
      1. Cereals
      2. Pulses & Oilseeds
      3. Fruits & vegetables
      4. Others
    5. Global Agricultural Micronutrients Market, By Geography, 2022 - 2032 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Nutrien Ltd. (Canada)
      2. Israel Chemicals Ltd. (Israel)
      3. Coromandel International (India)
      4. Yara International ASA (Norway)
      5. Indian Farmers Fertiliser Cooperative Limited (IFFCO) (India)
      6. Haifa Group (Israel)
      7. Koch Agronomic Services, LLC (U.S.)
      8. Grupa Azoty Zaklady Chemiczne Police Group (Poland)
      9. Marubeni Corporation (Helena Agri-Enterprises, LLC) (U.S.)
      10. Nouryon Chemicals Holdings B.V. (North Holland)
  7. Analyst Views
  8. Future Outlook of the Market

ReAnIn's Most Viewed Titles:

Agriculture Agrochemicals Animal Disinfectants
Global Animal Disinfectants Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

In the year 2023, the Global Animal Disinfectants Market was valued at USD xx.x million. The size of this market is expected to increase to USD xx.x million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of x.x%

Single User License $4200 Read More ...
Animal Feed Animal Feed & Nutrition Animal Feed
Global Aquafeed Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

In the year 2023, the Global Aquafeed Market was valued at USD xx.x million. The size of this market is expected to increase to USD xx.x million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of x.x%

Single User License $4200 Read More ...
Agriculture Agricultural Biologicals Fertilizers
Global Biofertilizers Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

In the year 2023, the Global Biofertilizers Market was valued at USD xx.x million. The size of this market is expected to increase to USD xx.x million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of x.x%

Single User License $4200 Read More ...
Agriculture Agricultural Biologicals Pesticides
Global Biofungicides Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

In the year 2023, the Global Biofungicides Market was valued at USD xx.x million. The size of this market is expected to increase to USD xx.x million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of x.x%

Single User License $4200 Read More ...