Global Agriculture Micronutrients Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2032

Agriculture Micronutrients Market Size

• The global agriculture micronutrients market was valued at USD 6.39 billion in 2024 and is expected to reach USD 13.03 billion by 2032
• During the forecast period of 2025 to 2032 the market is likely to grow at a CAGR of 9.30%, primarily driven by escalating global demand for increased and higher-quality food production
• This growth is driven by growing population and shifting dietary habits

Agriculture Micronutrients Market Analysis

• Agriculture micronutrients have gained widespread popularity due to the rising need for high crop yields, growing soil nutrient deficiencies, and an increasing focus on sustainable farming. These essential elements play a crucial role in improving plant growth, enhancing soil fertility, and boosting crop productivity
• The market is primarily driven by the expansion of precision agriculture, growing awareness among farmers, and advancements in micronutrient formulations. In addition, government initiatives promoting the adoption of fortified fertilizers are further accelerating market growth
• Asia-Pacific dominates the agriculture micronutrients market due to its large agricultural sector, high population-dependent farming, and increasing adoption of advanced fertilizers to combat soil nutrient deficiencies
• For instance, in India and China, farmers are increasingly using micronutrient-enriched fertilizers to enhance crop productivity and counteract soil depletion, contributing to sustained market expansion
• Globally, agriculture micronutrients remain essential in modern farming, with key innovations such as slow-release formulations, nano-based fertilizers, and customized nutrient blends driving industry transformation and supporting the shift toward sustainable agriculture

Report Scope and Agriculture Micronutrients Market Segmentation  

Agriculture Micronutrients Market Trends

“Rising Adoption of Chelated Micronutrients in Precision Farming”

• The increasing integration of precision farming techniques is driving demand for chelated micronutrients, which offer higher nutrient absorption and efficient crop uptake
• Farmers are shifting towards chelated formulations due to their enhanced solubility, ability to prevent nutrient leaching, and improved plant bioavailability
• The growing need for high-yield crop production and sustainable agriculture practices is further accelerating the adoption of chelated micronutrients worldwide

For instance

• In September 2023, the European Commission introduced incentives for farmers adopting chelated micronutrients, promoting sustainable farming and higher crop efficiency
• In June 2023, Yara International launched a new line of chelated micronutrient fertilizers, designed to optimize nutrient uptake in diverse soil conditions
• In April 2022, the China Agricultural Ministry reported a 15% increase in the use of chelated micronutrients, particularly in high-value crops such as fruits and vegetables

• As precision agriculture continues to expand, the demand for chelated micronutrients will rise, ensuring better crop productivity, efficient nutrient utilization, and sustainable soil management

Agriculture Micronutrients Market Dynamics

Driver

“Growing Soil Nutrient Deficiency Driving Demand for Agriculture Micronutrients”

• The increasing depletion of essential soil nutrients due to intensive farming practices is a major driver of the agriculture micronutrients market
• Farmers are adopting micronutrient-enriched fertilizers to replenish deficient soils, improve crop yields, and maintain soil health for sustainable agriculture
• Governments and agricultural organizations are promoting the use of micronutrients to combat soil degradation and enhance food security

For instance

• In July 2023, the Food and Agriculture Organization (FAO) reported that over 30% of global agricultural soils suffer from micronutrient deficiencies, urging increased use of fortified fertilizers
• In March 2023, the Indian Ministry of Agriculture launched a subsidy program to promote the use of micronutrient-based fertilizers, addressing soil deficiencies in key agricultural regions
• In October 2022, the U.S. Department of Agriculture (USDA) introduced grants for farmers adopting micronutrient-enriched soil management practices to improve productivity

• As soil depletion continues to impact global agricultural output, the demand for agriculture micronutrients is expected to grow significantly, ensuring higher crop yields and long-term soil sustainability

Opportunity

“Expanding Use of Micronutrients in Organic and Sustainable Farming”

• The growing shift toward organic farming is creating significant demand for micronutrient-based fertilizers, as farmers seek natural soil enrichment solutions
• Governments worldwide are promoting sustainable agriculture through subsidies and incentives, encouraging the use of micronutrient-enriched bio fertilizers
• The rising consumer preference for chemical-free, organic produce is further driving the adoption of micronutrient-based fertilizers in certified organic farming

For instance,

• In October 2023, the U.S. Department of Agriculture (USDA) announced a USD 500 million investment to support organic farming practices, including micronutrient-based soil enrichment programs
• In August 2023, India's Ministry of Agriculture launched an initiative to expand organic farming zones, promoting the use of bio-based micronutrients to enhance soil fertility and crop yield
• In March 2022, European Union policymakers introduced regulations supporting the adoption of micronutrient-fortified bio fertilizers, aiming to reduce chemical fertilizer dependency by 2030

• With the global push for sustainable agriculture, micronutrient-based fertilizers will witness increasing adoption, ensuring enhanced soil health, higher crop productivity, and long-term agricultural sustainability

Restraint/Challenge

“Fluctuating Raw Material Prices and Supply Chain Disruptions”

• The agriculture micronutrients market is facing challenges due to fluctuating raw material prices, affecting the cost-effectiveness of micronutrient fertilizers
• Supply chain disruptions, caused by geopolitical tensions and trade restrictions, have led to inconsistent availability of key micronutrients such as zinc, boron, and iron
• Farmers in developing regions struggle with high costs and limited access to quality micronutrient fertilizers, impacting crop yield and soil health

For instance,

• In January 2024, the World Bank reported a 15% surge in zinc and boron prices, driven by global mining restrictions and increased demand from the agriculture and industrial sectors
• In November 2023, China, a major producer of agricultural micronutrients, restricted exports of key fertilizers, causing global supply shortages and price hikes
• In May 2022, the Russia-Ukraine conflict disrupted fertilizer trade routes, leading to higher transportation costs and reduced availability of micronutrient fertilizers in Europe and Asia

• Unless alternative sourcing strategies and local production initiatives are strengthened, the agriculture micronutrients Market may continue to face price volatility, supply chain uncertainties, and accessibility challenges

Agriculture Micronutrients Market Scope

The market is segmented on the basis of type, crop type, form, and mode of application.

Agriculture Micronutrients Market Regional Analysis

“Asia-Pacific is the Dominant Region in the Agriculture Micronutrients Market”

• Asia-Pacific holds the largest market share in the global agriculture micronutrients market, driven by expanding agricultural activities, increasing soil deficiencies, and the rising adoption of high-yield farming techniques
• China, India, and Japan lead the region due to their growing demand for food production, government initiatives for soil health improvement, and expanding use of micronutrient-enriched fertilizers
• The availability of advanced soil testing technologies and a growing focus on sustainable farming practices have further fueled market expansion
• In addition, the rising need for high-quality crops, increasing awareness among farmers, and expanding agrochemical distribution networks contribute to the growth of agriculture micronutrients across Asia-Pacific

“North America is projected to register the Highest Growth Rate”

• North America is expected to witness the highest growth rate in the agriculture micronutrients market, driven by rising adoption of precision farming, growing awareness of soil nutrient deficiencies, and increasing demand for high-yield crops
• The U.S. and Canada are emerging as key markets due to technological advancements in fertilizer application, strong government support for sustainable agriculture, and the expanding presence of agrochemical companies
• The U.S. leads the region in micronutrient adoption, with a growing emphasis on soil testing and customized nutrient management solutions to enhance crop productivity
• Canada is experiencing strong market growth due to expanding organic farming practices, rising demand for fortified fertilizers, and supportive agricultural policies promoting sustainable farming
• The rising use of chelated micronutrients, investments in research for advanced formulations, and expanding distribution networks further contribute to the strong market expansion across North America

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.

The Major Market Leaders Operating in the Market Are:

• CHR. Hansen A/S (Denmark)
• Lallemand Inc. (Canada)
• Novus International Inc. (U.S.)
• DSM (Netherlands)
• BASF (Germany)
• Alltech (U.S.)
• ADM (U.S.)
• Charoen Pokphand Foods PCL (Thailand)
• Associated British Foods plc (U.K.)
• Cargill Incorporated (U.S.)
• UPSIDE Foods (U.S.)
• MosaMeat (Netherlands)
• Integriculture Inc. (Japan)
• Aleph Farms (Israel)
• Finless Foods Inc. (U.S.)
• AVANTMEATS (China)
• Balletic Inc. (U.S.)

Latest Developments in Global Agriculture Micronutrients Market

• In October 2021, Grupa Azoty introduced its 2021-2030 strategy, with Green Azoty as the flagship initiative. This project aimed at decarbonization and lowering carbon emissions by implementing R&D projects aligned with the European Green Deal. The company's research and development efforts would focus on climate neutrality goals and new formulations enriched with micronutrients derived from waste streams
• In April 2021, Compass Minerals announced a definitive agreement with Koch Agronomic Service (LLP) Koch, a subsidiary of Koch Industries, to sell its North American micronutrient assets for approximately USD 60.25 million
• In March 2021, The Mosaic Company and Sound Agriculture revealed their strategic collaboration to introduce innovative nutrient-efficient fertilizer products. These products were designed to enhance crop yields and improve soil health using a unique combination of bio-inspired chemistry and essential micronutrients
• In March 2021, Coromandel International Limited launched GroShakti Plus, a new fertilizer formulated for cereals, pulses, oilseeds, and various fruits and vegetables. The fertilizer was developed to enhance root development through phosphorus and improve plant resistance with zinc
• In January 2021, Commoditag expanded its plant nutrition segment by introducing products from its new supplier, DeltaAg. The newly added products featured a variety of stage-specific formulas and micronutrient solutions 

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