"In-Depth Study on Executive Summary Agriculture Micronutrients Market Size and Share
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 Landscape
Segments
- Type: The agriculture micronutrients market can be segmented based on type into zinc, boron, copper, iron, manganese, molybdenum, and others. Each type plays a crucial role in enhancing plant growth and development, addressing various nutrient deficiencies in different crops.
- Form: Micronutrients are available in various forms such as chelated, non-chelated, and micronutrient complexes. The chelated form is preferred due to its higher stability and bioavailability, leading to increased utilization by plants.
- Crop Type: Different crop types have varying requirements for micronutrients. The market can be segmented based on crop type into cereals, oilseeds, fruits and vegetables, and others. The increasing demand for high-quality and nutrient-rich crops is driving the adoption of micronutrients in agriculture.
- Mode of Application: Micronutrients can be applied through foliar, soil, fertigation, and seed treatment methods. The mode of application influences the efficiency of nutrient uptake by plants and ultimately impacts crop yield and quality.
Market Players
- BASF SE: A leading player in the global agriculture micronutrients market, BASF SE offers a wide range of micronutrient products to enhance crop productivity and nutritional value. The company focuses on research and innovation to develop sustainable solutions for the agriculture sector.
- Nutrien Ltd: Nutrien Ltd is a key player providing micronutrient solutions to farmers worldwide. With a strong distribution network and a diverse product portfolio, Nutrien aims to address micronutrient deficiencies and optimize crop performance.
- Yara International ASA: Yara International ASA is well-known for its micronutrient products that cater to the needs of different crops and soil types. The company emphasizes the importance of balanced nutrition for sustainable agriculture practices.
- The Mosaic Company: The Mosaic Company offers a range of micronutrient fertilizers to improve soil health and crop nutrition. With a focus on precision agriculture, Mosaic delivers customized solutions to meet the specific requirements of farmers.
- Akzo Nobel N.V.: Akzo Nobel N.V. is a prominent player in the agriculture micronutrients market, offering innovative solutions for crop nutrition and growth. The company's commitment to sustainability and environmental stewardship drives its product development efforts.