Global Agricultural Micronutrients Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Type;
Zinc, Boron, Iron, Molybdenum, Copper, Manganese, and OthersBy Form;
Chelated Micronutrients and Non-Chelated MicronutrientsBy Crop Type;
Cereals, Pulses & Oilseeds, Fruits & Vegetables, and OthersBy Application Mode;
Soil, Foliar, Fertigation, and OthersBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)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 Period | 2025 - 2031 |
---|---|
Base Year | 2024 |
CAGR (%) | 4.2 % |
Market Size (2024) | USD 5,204.34 Million |
Market Size (2031) | USD 6,941.28 Million |
Market Concentration | High |
Report Pages | 346 |
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.
Agricultural Micronutrients Market Recent Developments
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In January 2023, Nouryon acquired Polish micronutrient leader ADOB, including two production facilities, significantly enhancing its global portfolio in chelated and foliar crop nutrition.
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In May 2021, Koch Agronomic Services acquired Compass Minerals’ North American micronutrient assets—adding the Wolf Trax and Rocket Seeds brands to strengthen its fertilizer solutions offering.
Agricultural Micronutrients MarketSegment Analysis
In this report, the Agricultural Micronutrients Market has been segmented by Type, Form, Crop Type, Application Mode, and Geography.
Agricultural Micronutrients Market, Segmentation by Type
The Agricultural Micronutrients Market has been segmented by Type into Zinc, Boron, Iron, Molybdenum, Copper, Manganese and Others.
Zinc
Zinc holds the largest share of the agricultural micronutrients market at approximately 32%. It plays a vital role in enzyme activation, photosynthesis, and protein synthesis, making it essential for crop yield and disease resistance, especially in cereals and rice-based cropping systems.
Boron
Boron accounts for around 18% of the market. It is critical for cell wall formation, pollen tube development, and nutrient transport. Boron deficiencies are common in crops like canola, soybean, and sunflower, driving demand in both liquid and granular formulations.
Iron
Iron comprises nearly 14% of the market and is essential for chlorophyll formation and energy transfer in plants. Its deficiency causes chlorosis, particularly in high pH or alkaline soils, making chelated iron products a key input in horticultural and greenhouse crops.
Molybdenum
Molybdenum holds a smaller but vital share of around 8%. It aids in nitrogen metabolism and enzyme activity, particularly in leguminous crops. Though required in minute quantities, its role is indispensable in symbiotic nitrogen fixation.
Copper
Copper represents about 10% of the market. It supports lignin synthesis, helps prevent fungal infections, and enhances reproductive growth. Crops such as grapes, citrus, and wheat benefit from copper-enriched nutrient programs.
Manganese
Manganese contributes close to 12% and is vital for photosynthetic activity, root growth, and nitrogen assimilation. It is commonly used in row crops like corn, soybeans, and barley, particularly where soils are sandy or over-limed.
Others
The "Others" segment, making up the remaining 6%, includes micronutrients such as nickel, cobalt, and silicon. These are applied in specialty crops or under specific soil nutrient imbalances, often in customized micronutrient blends.
Agricultural Micronutrients Market, Segmentation by Form
The Agricultural Micronutrients Market has been segmented by Form into Chelated Micronutrients, Non-Chelated Micronutrients.
Chelated Micronutrients
Chelated micronutrients dominate the agricultural micronutrients market with a share of approximately 62%. These nutrients are bound with organic molecules, enhancing solubility, nutrient uptake, and bioavailability in plants. They are particularly effective in alkaline soils, where traditional micronutrients often become unavailable to crops.
Non-Chelated Micronutrients
Non-chelated micronutrients account for about 38% of the market. These are inorganic forms of micronutrients typically used in cost-sensitive markets. While less stable in challenging soil conditions, they remain effective in neutral or acidic soils and are widely adopted due to their affordability and ease of use in bulk agriculture.
Agricultural Micronutrients Market, Segmentation by Crop Type
The Agricultural Micronutrients Market has been segmented by Crop Type into Cereals, Pulses & Oilseeds, Fruits & Vegetables and Others.
Cereals
Cereals account for the largest share of the agricultural micronutrients market at approximately 41%. Crops like wheat, corn, and rice require high amounts of zinc, iron, and manganese for proper root development and grain filling. Micronutrient application is critical for yield enhancement in these globally cultivated staples.
Pulses & Oilseeds
Pulses and oilseeds contribute around 26% to the market. These crops benefit significantly from micronutrients such as boron and molybdenum, which support nitrogen fixation and flowering efficiency. Popular crops in this segment include soybean, lentils, and canola.
Fruits & Vegetables
Fruits and vegetables make up about 23% of the market. These high-value crops are highly sensitive to micronutrient deficiencies, particularly calcium, zinc, and iron, which affect fruit quality, shelf life, and color development. Precision micronutrient application is common in this segment.
Others
The “Others” category, holding approximately 10%, includes specialty crops like sugarcane, spices, and plantation crops. These require tailored micronutrient solutions to meet soil-specific deficiencies and support stress tolerance and consistent productivity.
Agricultural Micronutrients Market, Segmentation by Application Mode
The Agricultural Micronutrients Market has been segmented by Application Mode into Soil, Foliar, Fertigation, and Others.
Soil
Soil application is the most common mode, contributing around 46% to the agricultural micronutrients market. This method allows direct integration of nutrients into the root zone, enhancing nutrient availability, especially in deficient soils. It is preferred in broad-acre crops and areas with high soil pH or salinity.
Foliar
Foliar application holds approximately 32% of the market. It involves spraying micronutrients directly onto plant leaves for rapid absorption and quick correction of deficiencies. This technique is widely used in horticultural crops and during critical growth stages to maximize yield quality.
Fertigation
Fertigation accounts for nearly 17% of the market. This method delivers micronutrients through irrigation systems, ensuring uniform distribution and enhanced nutrient uptake efficiency. It is particularly popular in greenhouse and precision farming setups.
Others
The "Others" category represents about 5% and includes innovative methods like seed treatment and controlled-release formulations. These approaches are gaining momentum in high-value crop production and resource-efficient agriculture.
Agricultural Micronutrients Market, Segmentation by Geography
In this report, the Agricultural Micronutrients Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Regions and Countries Analyzed in this Report
Agricultural Micronutrients Market Share (%), by Geographical Region
North America
North America holds the largest share of the agricultural micronutrients market at around 34%. This dominance is driven by advanced farming technologies, strong emphasis on crop nutrition, and widespread adoption of precision agriculture, especially in the U.S. and Canada.
Europe
Europe contributes approximately 25% to the global market. Strict environmental regulations and the shift towards sustainable farming practices have led to increased adoption of micronutrient solutions. Countries like Germany, France, and the Netherlands are key contributors.
Asia Pacific
Asia Pacific holds nearly 28% of the market, driven by large-scale farming in countries like India, China, and Australia. Increasing awareness of soil nutrient deficiencies and government subsidies are fueling demand for micronutrient-enriched fertilizers.
Middle East and Africa
The Middle East and Africa region accounts for about 7%. Despite limited arable land, the growing need to boost crop productivity in challenging soil and climate conditions is encouraging the use of micronutrients in modern farming systems.
Latin America
Latin America represents around 6% of the market. Nations such as Brazil and Argentina are leading the regional demand, supported by the cultivation of export-driven crops and the increasing implementation of soil health management programs.
Agricultural Micronutrients Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Agricultural Micronutrients Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Comprehensive Market Impact Matrix
This matrix outlines how core market forces—Drivers, Restraints, and Opportunities—affect key business dimensions including Growth, Competition, Customer Behavior, Regulation, and Innovation.
Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential |
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Drivers | High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development |
Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance |
Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances |
Drivers, Restraints and Opportunity Analysis
Drivers
- Increasing Awareness and Adoption of Precision Farming
- Rising Global Population and Food Demand
- Government Initiatives for Sustainable Agriculture
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Increasing Export Opportunities for Agricultural Products - Expanding demand for high-quality farm exports is pushing growers to fine-tune micronutrient programs that eliminate hidden hunger in soils and deliver fruit, grain, and vegetable shipments free of visual or nutritional defects. Importing nations enforce strict appearance and residue standards, so zinc-enriched rice, iron-balanced leafy greens, and boron-fortified citrus earn premium prices and reduce the risk of rejection at port.
Governments chasing foreign-exchange earnings are backing this shift with input subsidies, extension services, and quality-certification support, all of which highlight targeted micronutrient use as a proven path to export eligibility. Farmers who adopt these balanced nutrition strategies secure longer contracts and stronger brand reputations in lucrative overseas markets.
As trade volumes rise and buyers track traceability down to field level, the ability to deliver consistent color, uniform size, and extended shelf life becomes a non-negotiable requirement—further cementing micronutrient application as a critical tool for export-oriented agriculture.
Restraints
- High Initial Investment
- Limited Awareness and Education
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Complexities in Micronutrient Formulations - Micronutrient formulations are far more complex than standard NPK blends. Zinc, iron, boron, and manganese can precipitate, oxidize, or bind to soil particles unless protected by precise chelation, encapsulation, or dual-release coatings. Achieving this stability across varied pH levels, textures, and climates demands advanced chemistry that raises production costs and lengthens R&D timelines.
Compatibility issues also surface in the spray tank: incorrect mixing with crop-protection products can create insoluble sludge or phytotoxic solutions, undermining farmer confidence. Field performance may fluctuate when storage or handling conditions deviate from ideal guidelines, adding another layer of risk for end users who are accustomed to “pour-and-go” fertilizers.
These technical hurdles translate to higher registration fees, longer regulatory reviews, and elevated retail prices, discouraging adoption in cost-sensitive regions. Until shelf-stable, user-friendly formulations become widely available, formulation complexity will restrain broader market penetration.
Opportunties
- Research and Development in Micronutrient Technologies
- Collaborations and Partnerships
- Customized Micronutrient Solutions
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Integration of Digital Agriculture - Digital agriculture is transforming micronutrient management by linking satellite imagery, in-field sensors, and handheld spectroscopy to real-time deficiency maps. Growers armed with this data can apply zinc, boron, or iron only where and when the crop needs it, lowering input costs while boosting yield and quality.
GPS-guided spreaders and variable-rate fertigation deliver precise doses, and cloud dashboards quantify the return on investment, allowing agronomists to demonstrate measurable gains in nutrient-use efficiency. As subscription-based advisory platforms spread, micronutrient suppliers that embed digital prescriptions—QR-coded packages, IoT-enabled dispensers, or app-based recommendations—gain a competitive edge.
With more growers adopting decision-support software, the market is shifting toward outcome-based solutions where product, data, and service are bundled. This integration positions micronutrient manufacturers to capture new revenue streams and strengthen loyalty in a sector increasingly driven by precision and sustainability metrics.
Agricultural Micronutrients Market Competitive Landscape Analysis
Key players in Agricultural Micronutrients Market include:
- 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.
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Markret Share Analysis
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Form
- Market Snapshot, By Crop Type
- Market Snapshot, By Application mode
- Market Snapshot, By Region
- Agricultural Micronutrients Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Increasing Awareness and Adoption of Precision Farming
- Rising Global Population and Food Demand
- Government Initiatives for Sustainable Agriculture
- Increasing Export Opportunities for Agricultural Products
- Restraints
- High Initial Investment
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Limited Awareness and Education
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Complexities in Micronutrient Formulations
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Opportunities
- Research and Development in Micronutrient Technologies
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Collaborations and Partnerships
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Customized Micronutrient Solutions
- Integration of Digital Agriculture
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Agricultural Micronutrients Market, By Type, 2021 - 2031 (USD Million)
- Zinc
- Boron
- Iron
- Molybdenum
- Copper
- Manganese
- Others
- Agricultural Micronutrients Market, By Form, 2021 - 2031 (USD Million)
- Chelated Micronutrients
- Non-Chelated Micronutrients
- Agricultural Micronutrients Market, By Crop Type, 2021 - 2031 (USD Million)
- Cereals
- Pulses & Oilseeds
- Fruits & vegetables
- Others
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Agricultural Micronutrients Market, By Application mode, 2021 - 2031 (USD Million)
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Soil
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Foliar
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Fertigation
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- Agricultural Micronutrients Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Agricultural Micronutrients Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- 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.
- Company Profiles
- Analyst Views
- Future Outlook of the Market