Market Overview
The global agricultural micronutrients market reached US$ XX million in 2022 and is projected to witness lucrative growth by reaching up to US$ XX million by 2030. The market is growing at a CAGR of 9.4% during the forecast period (2023-2030).
Micronutrients include iron, zinc, copper, manganese and boron. A soil deficiency in these elements can lead to stunted plant growth, reduced crop yields and decreased product quality. Agricultural micronutrient fertilizers are used to address these deficiencies and help to improve soil fertility, increase crop yields and improve the overall health and productivity of crops.

Market Dynamics
The increasing demand for higher crop yield with increasing focus by companies on R & D
With the growing population and decreasing arable land globally, there is an increasing demand for food. The decreasing per capita of arable land demands new technologies and measures to increase the yield and quality rate. The world’s population is anticipated to increase by 25% from 2020 to 2050.
Its growing demand for food must be reconciled with limited natural resources such as arable land and water. As a result, farmers worldwide face the challenge of increasing agricultural productivity sustainably by about 50% by 2050 compared with baseline 2012 to meet the needs of a growing population.
Increasing micronutrient toxicity due to over usage of products
Since agricultural micronutrients are required in lower quantities, the range between the deficiency and toxicity of nutrients is very narrow. It stresses the need for precise estimation. The deficiency and toxicity of micronutrients are small in range compared to macronutrients. And the toxicity ranges may vary based on the crop types. The critical limit is the nutrient availability level, below which the plants develop deficiency symptoms and produce a response to fertilizer application.

COVID-19 Impact Analysis
The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).

Segment Analysis
The global agricultural micronutrients market is segmented based on type, form, application, crop type and region.
The growing food consumption drives the demand for agricultural micronutrients in cereals & grains
Due to the increase in population and the economy in developing countries, food consumption is growing. Hence, it is important to maintain the nutrient level in cereal crops & soil to enhance the productivity and growth of the cereals, for which micronutrients play an important role.
Wheat, corn and rice account for the major portion of the crop type, whereas other grains and cereals like barley and oats constitute a considerably smaller portion of the market. The deficiency levels of boron in cotton, sunflower and canola are very high and zinc is generally deficient in cotton and linseed.

Geographical Analysis
The rising agricultural applications in Asia-Pacific
Asia-Pacific is predicted to have the highest demand for agricultural micronutrients throughout the projection period. The region is witnessing significant demand for zinc, copper and boron in agricultural applications, with primary use in growing rice, wheat and other food grains. The availability of arable land is declining in China, which has resulted in a decrease in yield. Micronutrients are used in crops to compensate for the loss in yield, as applying such trace minerals guarantees increases in agricultural output.

Competitive Landscape
The major global players in the market are Nutrien Ltd, Nouryon, BASF SE, Coromandel International Limited, Hafia Group, Trade Corporation International, The Mosaic Company, Valagro SpA, Yara International AsA, Stoller USA, Inc. and others.
Why Purchase the Report?

  • To visualize the global agricultural micronutrients- market segmentation based on type, application, form, crop type and region, as well as understand key commercial assets and players.
  • Identify commercial opportunities by analyzing trends and co-development.
  • Excel data sheet with numerous data points of agricultural micronutrients market-level with all segments.
  • PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
  • Product mapping available as excel consisting of key products of all the major players.


The global agricultural micronutrients market report would provide approximately 69 tables, 72 figures and 210 pages.
Target Audience 2023

  • Manufacturers/ Buyers
  • Industry Investors/Investment Bankers
  • Research Professionals
  • Emerging Companies