Micronutrients Fertilizers Market Size Growth - By Nutrient (Zinc, Manganese, Copper, Boron, Molybdenum, Iron, Other Nutrients), By Form (Chaleted, Non-Chelated), By Crop Type (Grains & Cereals, Pulses & Oilseeds, Commercial Crops, Fruits & Vegetables, Other Crop Types), and By Region: Statistics Reports, Supply & Demand Analysis, Global Opportunity 2025-2032

Report ID: GIH 1064  |  Oct 2024  |  Format:

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Global Market Synopsis, Forecast, Trend, and Growth Up To 2032

Micronutrients Fertilizers Market size was valued at US$ 5.45 Bn in 2025, it is estimated to grow at a CAGR of 9.33% from 2025 to 2032 and reach US$ 8.60 Bn by the end of 2032. Growing markets for micronutrients fertilizers are based on the development of plant growth and development by stimulating plant immunity and supplying necessary nutrients.

Micronutrients Fertilizers Market Size
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Market Insights

Micronutrient fertilizers are minerals, which provide required plant nutrients for the development and growth of a plant. Generally, these minerals include Zinc (Zn), Copper (Cu), Manganese (Mn), Iron (Fe), Boron (B), and Molybdenum (Mo), some common minerals which are needed in a tiny quantity while macronutrients, such as nitrogen, phosphorus, and potassium, are required in large quantities.

An appropriate supply of micronutrients contributes towards achieving better yields, fruit sizes, flavor, and color to the plant and its fruits.

The use of artificial intelligence and machine learning in the micronutrients fertilizers market gives data regarding how things will be for the next 15 days in terms of weather, acidity level, time of fertilization, conductivity of the soil, and the nitrogen level.

The extreme use of fertilizers brings upon serious problems to the health of the lands, including the pollution of soil and water, killing the fertility of soils, and making the soil acidic; but all these issues can be prevented with the help of AI/ML. A new predicting testing tool, indicating the amount of ammonia and nitrate existing in the soil and to be created in the future according to weather conditions, which makes it possible for farmers to tailor fertilization to the specific needs of the soils and crops produced by the scientists of Imperial College London.

Market Scope

Report CoverageDetails
Base Year2024
Base Year ValueUSD 5.09 billion
Forecast ValueUSD 8.60 billion
CAGR9.33%
Forecast Period2025-2032
Historical Data2020-2024
Largest MarketNorth America
Fastest Growing MarketAsia Pacific
Segments CoveredNutrient,Form, Crop Type, and Regions
Region CoveredNorth America, Europe, Asia-Pacific, Latin America and Middle East & Africa
Key Drivers
  • Rising focus on improving productivity in declining arable land
  • Growing incidence of micronutrient deficiency in soil to stimulate growth

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Top Companies

Some of the major players functioning in the micronutrients fertilizers industry include:

  • SABIC Agri-Nutrients
  • Coromandel International Ltd
  • CF Industries Holdings, Inc.
  • Haifa Group
  • ICL GROUP LTD
  • Indian Farmers Fertiliser Cooperative Limited
  • Rashtriya Chemicals and Fertilizers Limited
  • Nouryon
  • CHS Inc.
  • Sociedad Quimica Y Minera De Chile SA
  • The Mosaic Company
  • Unikeyterra Chemical
  • Yara International ASA

Micronutrients Fertilizers Market Dynamics

Driver

This is the major factor driving the micronutrients fertilizers market. The adoption of fertilizer by farmers and agriculture is to produce a good crop with desired quality. Supplying micronutrients to plants enhances their physiological functions, like helping in chlorophyll production, enzyme activity, and photosynthesis, which results in a healthier and larger quality of production.

Micronutrients such as boron and calcium improve the growth and development of roots. As long as the roots of a plant are firm, water and nutrient uptake is not affected. Micronutrients also prevent diseases through a boosted or enhanced immune system of the plants.

Restraint

The awareness of micronutrient fertilizers is relatively much weaker in the agricultural field than that of macronutrients. This is mainly due to the developing economy. There is less education on the benefits of micronutrients for the farmers and the corresponding barriers.

Spread more knowledge about the matter through campaigns and the data would spread, and challenges would resolve. This can be supported by the government with a nationwide campaign on balanced soil nutrition that can be adapted regionally to increase awareness among farmers.

There must be facilitation of limited-term incentives towards farmers. It will encourage the usage of micronutrients. For example, cashback on the purchase of micronutrients and benefitting like free or cost reduction on agriculture inputs or small loans for early adopters.

Opportunity

A new innovative technology that binds micronutrients with cellulose is adopted in the micronutrients fertilizers market. This allows nutrients to be released slowly through the natural process of soil microbes instead of traditional fertilizers, which release the nutrients all at once.

This development increases microbial mass due to its content with carbon from which microbes can break to release micronutrients that plants absorb easily.

This technology increases regenerative faring that helps in climate change in the sense that there is soil improvement and carbon isolation. The technology offers sustainability and ensures improvement of agriculture and health of the environment.

Market Growth Factors

  • Micronutrient fertilizers are applied for enhancing and optimizing crop nutrition during plant growth.It enhances the quality of the crops by aiding in better fruit set and promotes the size and color of fruit.
  • It makes the plant stronger and able to fight stress and environmental challenges like heat stress, salinity, and drought.
  • Improves protein synthesis and enzyme activity.
  • Helps in lowering active toxicity levels and encourages microbial growth.

Regional Analysis

The largest share of the market for micronutrients fertilizers in 2024 was in North America. The growth in this region during the past few years is the result of the use of micronutrients by farmers in the U.S. Local universities, government scientists, and extension agents highly encourage micronutrient management. Use of micronutrients in North America has increasingly changed over the last six years. Significant growth in application of micronutrients was seen in this region.

Micronutrients Fertilizers Market - Growth Rate By Region
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The main driving factors will be the increase of demand for good and uniform products, modification in agricultural practices, and increasing intensification including low-till agricultural management, precision agriculture, and use of genetically modified crops. The recognition of the environmental impact on agriculture and adoption of strict environmental regulations have shown improvement.

The Asia Pacific region is expected to grow at a faster rate in the market for micronutrients fertilizers during the forecast period. Asia Pacific is a very big region for the consumption of micronutrient fertilizers. A large population is the major reason for growth in this region, as urea is suitable for this region's climate.

China and India are the major country players in this region. These countries have been significant consumers of micronutrient fertilizers for crops such as rice, wheat, and vegetable production. The available land supply is also a driving factor in this region.

It does not have highly developed irrigation infrastructure. Climate change affects this region on a long-term basis. In addition, technological innovation is broadly progressing in this continent with a requirement of environmental enhancement.

Recent Development

  • In the month of November 2023, Rashtriya Chemicals and Fertilizers Limited joined other fertilizer manufacturing companies along with the Viksit Bharat Sankalp Yatra campaign. It aims to educate farmers regarding flagship schemes of the Government of India in the agricultural sector and inform balanced use of fertilizers to ensure the proper health of the soil without excess use of chemical fertilizers.
  • Coromandel International Ltd opened a nano fertilizer plant in Andhra Pradesh in June 2024. The new plant will produce different NPK grades with a capacity to manufacture 2 million fertilizers every year. It has been designed to take care of the entire farm community in India. Its architectural design included energy efficient technologies along with full automation and also carries a robotic arm for bottling operations.

Segments Covered in the Report

  • Based on Nutrient
    • Zinc
    • Manganese
    • Copper
    • Boron
    • Molybdenum
    • Iron
    • Other Nutrients
  • By Form
    • Chaleted
    • Non-Chelated
  • By Crop Type
    • Grains & Cereals
    • Pulses & Oilseeds
    • Commercial Crops
    • Fruits & Vegetables
    • Other Crop Types
  • By Geography
    • North America
    • Asia Pacific
    • Europe
    • Latin America
    • Middle East & Africa
Frequently Asked Questions (FAQ's) :

The micronutrients fertilizers market size is expected to reach USD 5.45 billion in 2025 and grow at a CAGR of 9.33% to reach USD 8.60 billion by 2032.

The micronutrients fertilizers market valuation is expected to be USD 8.60 billion in the year 2032.

The value of CAGR for the micronutrients fertilizers market is projected to be 9.33%.

CF Industries Holdings, Inc., CHS Inc., Coromandel International Ltd, Haifa Group, ICL GROUP LTD, Indian Farmers Fertiliser Cooperative Limited, Rashtriya Chemicals and Fertilizers Limited, Nouryon, SABIC Agri-Nutrients, Sociedad Quimica Y Minera De Chile SA, The Mosaic Company, Unikeyterra Chemical, Yara International ASA
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Report Insights
  • Base Year: 2024
  • Companies covered: 45
  • Countries covered: 40
  • Tables & Figures: 280
  • Pages: 310

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Micronutrients Fertilizers Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2032)

 05 Oct 2024 This Report Contains the Latest Market Numbers, Statistics & Data Aavailable