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 October 2020, chelated micronutrient formulations with controlled-release properties were introduced, improving plant nutrient absorption rates.
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In July 2023, micronutrient-enriched seed coatings gained popularity for enhancing germination rates and early plant development in diverse crops.
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.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Agricultural Micronutrients Market. These factors include; Market Drivers, Restraints and Opportunities 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 -Export opportunities for agricultural products are driven by a combination of global demand dynamics, advancements in production practices, and supportive trade policies. The increasing global population and rising incomes in developing countries fuel a higher demand for diverse and quality agricultural goods. These markets, seeking products that may not be produced locally due to climatic or resource limitations, create a steady demand for imports. Additionally, changes in dietary preferences, with an inclination toward healthier and organic food, further open doors for exporters from regions capable of meeting these specific requirements.
Advances in agricultural technology have significantly contributed to the capacity of farmers and producers to meet international standards and scale production efficiently. Improved farming techniques, better post-harvest handling, and innovations in cold chain logistics ensure that products remain fresh and meet the stringent quality expectations of global markets. Such advancements not only enhance productivity but also reduce wastage, making exports more viable and cost-effective. Furthermore, digital platforms have bridged the gap between producers and buyers, making it easier to market agricultural products globally.
Trade agreements and government initiatives play a vital role in boosting export opportunities. Bilateral and multilateral agreements often reduce trade barriers, such as tariffs and quotas, making agricultural exports more competitive. Governments also support farmers by providing subsidies, offering training in export-oriented practices, and facilitating participation in global trade fairs. These efforts, combined with the strategic promotion of a country’s unique agricultural products, help exporters tap into new markets, thus increasing the scope for agricultural trade worldwide.
Restraints:
- High Initial Investment
- Limited Awareness and Education
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Complexities in Micronutrient Formulations - The complexities associated with micronutrient formulations represent a significant restraint for the global agricultural micronutrients market. Micronutrient fertilizers are formulated to deliver essential trace elements such as zinc, iron, manganese, copper, and boron to crops in precise concentrations and ratios. However, formulating micronutrient fertilizers involves intricate chemical processes and technical expertise to ensure product efficacy, stability, and safety. One of the primary challenges in micronutrient formulation is achieving proper solubility and bioavailability of micronutrients in soil and plant tissues. Micronutrients must be formulated in a manner that allows for efficient uptake by plants without causing phytotoxicity or nutrient imbalances. Achieving the optimal formulation requires thorough research and development, as well as extensive testing to validate product performance under diverse soil and environmental conditions.
The compatibility of micronutrient fertilizers with other agrochemicals, soil amendments, and irrigation systems adds another layer of complexity to formulation processes. Farmers often apply micronutrient fertilizers in conjunction with other inputs such as macronutrient fertilizers, pesticides, and soil conditioners. Formulating micronutrient products that can be safely mixed and applied with other agricultural inputs without compromising efficacy or causing adverse reactions requires careful formulation design and testing.
Regulatory requirements and quality standards imposed by government agencies and industry associations further complicate micronutrient formulation processes. Manufacturers must adhere to stringent regulations regarding product composition, labeling, packaging, and environmental safety to ensure compliance and market acceptance. Meeting regulatory requirements adds time and cost to the product development cycle, which may hinder innovation and product differentiation in the agricultural micronutrients market.
Opportunties:
- Research and Development in Micronutrient Technologies
- Collaborations and Partnerships
- Customized Micronutrient Solutions
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Integration of Digital Agriculture - The integration of digital agriculture presents lucrative opportunities for the global agricultural micronutrients market. Digital technologies such as precision farming, remote sensing, data analytics, and artificial intelligence (AI) are revolutionizing modern agriculture by enabling farmers to make data-driven decisions and optimize resource use for maximum productivity and sustainability. One of the key opportunities arising from digital agriculture is the enhanced targeting and delivery of micronutrient fertilizers to crops based on real-time soil and plant data. Precision agriculture technologies enable farmers to assess soil nutrient levels, monitor crop health, and identify micronutrient deficiencies with greater accuracy and efficiency. By leveraging digital tools and sensors, farmers can customize micronutrient application rates and timing to match crop requirements, resulting in improved nutrient uptake and yield outcomes.
Digital platforms and farm management software solutions offer farmers access to valuable agronomic insights, crop modeling, and nutrient management recommendations. These platforms provide recommendations for micronutrient supplementation based on soil testing results, historical crop performance data, and predictive analytics. This integration of digital agriculture with micronutrient management enhances precision, efficiency, and sustainability in fertilizer application practices, driving demand for micronutrient products in the agricultural market.
The emergence of smart farming technologies and Internet of Things (IoT) devices opens up new opportunities for delivering micronutrient solutions in automated and connected agricultural systems. Smart sensors, drones, and autonomous machinery enable real-time monitoring of crop conditions and application of micronutrients in response to dynamic environmental factors. This automation and connectivity streamline micronutrient management processes, reduce labor costs, and optimize resource utilization on the farm.
Competitive Landscape Analysis
Key players in Global 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
- 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