Micronutrients Fertilizers Market, By Nutrient, By Form, By Crop Type, By Geography

Description

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

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:
- Chelated
- Non-chelated
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

Product Code: CMI5422

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)
  - U.S.
  - Canada
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
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