Product Code: CMI5422
The micronutrients fertilizers market is estimated to be valued at USD 5.60 Bn in 2024 and is expected to reach USD 8.82 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031.
Figure 1. Micronutrients Fertilizers Market Share (%), By Region, 2024
![Micronutrients Fertilizers Market - IMG1](/sample/img/COH1508817-f1.webp)
With rising global population and increased demand for food, micro-fertilizers have emerged as an essential part of sustainable agriculture. Micronutrients are chemical elements required by plants and animals in trace amounts for proper growth and development. Micronutrient deficiencies affect nearly 2 billion people globally resulting in stunted growth and increased mortality. Micronutrient fertilizers help overcome these deficiencies and maximize crop yields. They supply micronutrients such as boron, chlorine, copper, iron, manganese, molybdenum, and zinc which are essential for numerous plant metabolic activities like photosynthesis and enzyme functioning. With the widespread problem of soil micronutrient depletion and rising awareness about their benefits, the global micronutrient fertilizers market is expected to witness significant growth in the coming years.
Market Dynamics:
The micronutrient fertilizers market is driven by factors such as increasing global food demand, widespread micronutrient deficiencies in soils, and government initiatives to promote sustainable agriculture. However, high costs of micronutrient fertilizers and preference for conventional fertilizers in developing nations are restraining the market growth. The market provides opportunities for players to develop innovative and integrated fertilizer products. Rising popularity of organic farming and precision farming also offer potential opportunities.
Key Features of the Study:
- This report provides an in-depth analysis of the global micronutrient fertilizers market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global micronutrient fertilizers market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Yara International ASA, FMC Corporation, BASF SE, The Mosaic Company, Coromandel International Limited, Akzo Nobel N.V., Haifa Negev technologies LTD, Helena Agri-Enterprises, LLC, Indian Farmers Fertiliser Cooperative Limited, Compass Minerals, Southern Petrochemical Industries Corporation, Nouryon Cooperatief UA, Valagro Spa, UPL Limited, Koch Agronomic Services, LLC., Aries Agro Limited, Nufarm Malaysia, AgroLiquid, ChemSol, LLC, and Mangalore Chemicals & Fertilizers Limited
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global micronutrient fertilizers market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global micronutrient fertilizers market
Detailed Segmentation-
- By Nutrient:
- Zinc
- Manganese
- Copper
- Boron
- Molybdenum
- Iron
- Other Nutrients
- By Form:
- By Crop Type:
- Grains and Cereals
- Pulses and Oilseeds
- Commercial Crops
- Fruits and Vegetables
- Other Crop Types
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Company Profiles:
- Yara International ASA
- FMC Corporation
- BASF SE
- The Mosaic Company
- Coromandel International Limited
- Akzo Nobel N.V.
- Haifa Negev technologies LTD
- Helena Agri-Enterprises, LLC
- Indian Farmers Fertiliser Cooperative Limited
- Compass Minerals
- Southern Petrochemical Industries Corporation
- Nouryon Cooperatief UA
- Valagro Spa
- UPL Limited
- Koch Agronomic Services, LLC.
- Aries Agro Limited
- Nufarm Malaysia
- AgroLiquid
- ChemSol, LLC
- Mangalore Chemicals & Fertilizers Limited
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Nutrient
- Market Snippet, By Form
- Market Snippet, By Crop Type
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions
4. Global Micronutrients Fertilizers Market - Impact of Coronavirus (COVID-19) Pandemic
- Overview
- Factors Affecting the Global Micronutrients Fertilizers Market
- Impact Analysis
5. Global Micronutrients Fertilizers Market, By Nutrient, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Zinc
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Manganese
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Copper
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Boron
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Molybdenum
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Iron
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Other Nutrients
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
6. Global Micronutrients Fertilizers Market, By Form, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Chelated
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Non-chelated
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
7. Global Micronutrients Fertilizers Market, By Crop Type, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Grains and Cereals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Pulses and Oilseeds
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Commercial Crops
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Fruits and Vegetables
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Other Crop Types
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
8. Global Micronutrients Fertilizers Market, By Region, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020-2031
- North America
- Introduction
- Market Size and Forecast, By Nutrient, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Form, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Crop Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
- Latin America
- Introduction
- Market Size and Forecast, By Nutrient, 2019 - 2031, (US$ Bn))
- Market Size and Forecast, By Form, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Crop Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, By Nutrient, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Form, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Crop Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Nutrient, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Form, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Crop Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- Introduction
- Market Size and Forecast, By Nutrient, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Form, 2019 - 2031 (US$ Bn)
- Market Size and Forecast, By Crop Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
- GCC Countries
- Israel
- Rest of Middle East & Africa
9. Competitive Landscape
- Market Share Analysis
- Company Profiles
- Yara International ASA
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- FMC Corporation
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- BASF SE
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- The Mosaic Company
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Coromandel International Limited
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Akzo Nobel N.V.
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Haifa Negev technologies LTD
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Helena Agri-Enterprises, LLC
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Indian Farmers Fertiliser Cooperative Limited
- Compass Minerals
- Southern Petrochemical Industries Corporation
- Nouryon Cooperatief UA
- Valagro Spa
- UPL Limited
- Koch Agronomic Services, LLC.
- Aries Agro Limited
- Nufarm Malaysia
- AgroLiquid
- ChemSol, LLC
- Mangalore Chemicals & Fertilizers Limited
10. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
11. Section
- References
- Research Methodology
- About Us and Sales Contact
- Browse 25 market data tables* and 20 figures* on "Global Micronutrients Fertilizers Market" - Global forecast to 2031.