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Global Industry Hub. (Oct, 2024). Micronutrients Fertilizers Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2032) Global Industry Hub. Retrieved
Report ID: GIH 1064 | Oct 2024 | Format:
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Global Industry Hub. (Oct, 2024). Micronutrients Fertilizers Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2032) Global Industry Hub. Retrieved
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.
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.
Report Coverage | Details |
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Base Year | 2024 |
Base Year Value | USD 5.09 billion |
Forecast Value | USD 8.60 billion |
CAGR | 9.33% |
Forecast Period | 2025-2032 |
Historical Data | 2020-2024 |
Largest Market | North America |
Fastest Growing Market | Asia Pacific |
Segments Covered | Nutrient,Form, Crop Type, and Regions |
Region Covered | North America, Europe, Asia-Pacific, Latin America and Middle East & Africa |
Key Drivers |
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Some of the major players functioning in the micronutrients fertilizers industry include:
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.
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.
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.
Segments Covered in the Report
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05 Oct 2024 This Report Contains the Latest Market Numbers, Statistics & Data Aavailable