Global Agricultural Micronutrients Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

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

By Form;

Chelated Micronutrients and Non-Chelated Micronutrients

By Crop Type;

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

By Application Mode;

Soil, Foliar, Fertigation, and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn154907433 Published Date: May, 2025 Updated Date: June, 2025

Agricultural Micronutrients Market

Agricultural Micronutrients Market (USD Million)

Agricultural Micronutrients Market was valued at USD 5,204.34 million in the year 2024. The size of this market is expected to increase to USD 6,941.28 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.2%.


Global Agricultural Micronutrients Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 4.2 %


Study Period2025 - 2031
Base Year2024
CAGR (%)4.2 %
Market Size (2024)USD 5,204.34 Million
Market Size (2031)USD 6,941.28 Million
Market ConcentrationHigh
Report Pages346
5,204.34
2024
6,941.28
2031

Major Players

  • Nutrien Ltd.
  • Israel Chemicals Ltd.
  • Coromandel International
  • Yara International ASA
  • Indian Farmers Fertiliser Cooperative Limited (IFFCO)
  • Haifa Group
  • Koch Agronomic Services, LLC
  • Grupa Azoty Zaklady Chemiczne Police Group
  • Marubeni Corporation (Helena Agri-Enterprises, LLC)
  • Nouryon Chemicals Holdings B.V.

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Agricultural Micronutrients Market

Fragmented - Highly competitive market without dominant players


The agricultural micronutrients market is expanding steadily as farmers seek solutions to boost crop quality and yield. Micronutrients are essential for enhancing plant metabolism and productivity, especially in nutrient-deficient soils. Reports indicate that more than 45% of agricultural land exhibits some form of micronutrient shortfall, leading to growing demand for effective nutrient supplements. This trend is accelerating the adoption of balanced fertilization methods in sustainable farming.

Worsening Soil Health and Nutrient Depletion
Overuse of conventional fertilizers and repetitive cropping has resulted in widespread soil nutrient imbalances, increasing reliance on micronutrient interventions. Current findings show that over 50% of cultivated soils lack key elements like iron, zinc, or boron. To address this, farmers are implementing integrated nutrient management strategies, which are driving broader market interest in micronutrient-based solutions.

Technology Integration in Modern Agriculture
The incorporation of smart farming tools and advanced application techniques is enhancing the effectiveness of micronutrient delivery. Today, close to 40% of farms use precision tools like GPS and automated sprayers to optimize nutrient application. These systems support better nutrient absorption and enable eco-friendly, efficient agricultural practices, fueling market momentum.

Policy Support and Educational Outreach
Government policies and awareness initiatives are significantly influencing market expansion. Nearly 30% of agricultural subsidies are now tied to the use of sustainable nutrient technologies, encouraging widespread adoption. In addition, partnerships between public agencies and agritech companies are increasing farmer education about the benefits of micronutrient use, further supporting the market’s upward trajectory.

  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 Form
    3. Market Snapshot, By Crop Type
    4. Market Snapshot, By Application mode
    5. Market Snapshot, By Region
  4. 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. Agricultural Micronutrients Market, By Type, 2021 - 2031 (USD Million)
      1. Zinc
      2. Boron
      3. Iron
      4. Molybdenum
      5. Copper
      6. Manganese
      7. Others
    2. Agricultural Micronutrients Market, By Form, 2021 - 2031 (USD Million)
      1. Chelated Micronutrients
      2. Non-Chelated Micronutrients
    3. Agricultural Micronutrients Market, By Crop Type, 2021 - 2031 (USD Million)
      1. Cereals
      2. Pulses & Oilseeds
      3. Fruits & vegetables
      4. Others
    4. Agricultural Micronutrients Market, By Application mode, 2021 - 2031 (USD Million)

      1. Soil

      2. Foliar

      3. Fertigation

    5. Agricultural Micronutrients Market, By Geography, 2021 - 2031 (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.
      2. Israel Chemicals Ltd.
      3. Coromandel International
      4. Yara International ASA
      5. Indian Farmers Fertiliser Cooperative Limited (IFFCO)
      6. Haifa Group
      7. Koch Agronomic Services, LLC
      8. Grupa Azoty Zaklady Chemiczne Police Group
      9. Marubeni Corporation (Helena Agri-Enterprises, LLC)
      10. Nouryon Chemicals Holdings B.V.
  7. Analyst Views
  8. Future Outlook of the Market