"Executive Summary Agriculture Micronutrients Market :

CAGR Value

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

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Agriculture Micronutrients Market Overview

• Segments*
• Type: The global agriculture micronutrients market can be segmented based on type into Zinc, Iron, Copper, Manganese, Boron, and Others. Zinc is expected to hold a significant market share due to its essential role in plant growth and development.
• Crop Type: By crop type, the market can be categorized into Cereals, Pulses & Oilseeds, Fruits & Vegetables, and Others. The cereals segment is anticipated to dominate the market as they are widely cultivated crops globally.
• Form: Based on form, the market can be divided into Chelated and Non-Chelated. Chelated forms of micronutrients are gaining popularity as they offer better absorption by plants.
• Market Players*
• BASF SE: BASF SE is a key player offering a wide range of agriculture micronutrients to enhance crop productivity.
• Nutrien Ltd.: Nutrien Ltd. is actively involved in the production and distribution of micronutrient products for the agricultural sector.
• Yara International: Yara International is a prominent player providing micronutrient solutions to improve soil health and crop yield.
• The Mosaic Company: The Mosaic Company focuses on offering micronutrient products tailored to meet the specific needs of different crops.
• AkzoNobel: AkzoNobel is engaged in the manufacturing of micronutrient products that help in addressing nutrient deficiencies in soils and plants.

The global agriculture micronutrients market is witnessing significant growth driven by the rising demand for high-quality crops to meet the food requirements of a growing population. Micronutrients play a crucial role in enhancing plant growth, increasing yield, and improving the nutritional quality of crops. Factors such as changing climatic conditions, soil nutrient depletion, and the adoption of sustainable agricultural practices are further fueling the market growth. Additionally, government initiatives promoting the use of micronutrients in agriculture to achieve food security goals are boosting market expansion.

The Asia-Pacific region holds a substantial market share in the agriculture micronutrients market due to the large agricultural land area and the presence of key agricultural economies like India and China. These countries are increasing their focus on adopting modern farming techniques to improve crop productivity, thereby driving the demand for micronutrients. North America and Europe are also significant markets for agriculture micronutrients, with a growing trend towards organic farming and sustainable agriculture practices.