Micronutrient Fertilizers Market Top Leading Players with Strategies and Forecast 2027

The global micronutrient fertilizers market is anticipated to grow at a considerable CAGR of 7.5% during the forecast period (2021-2027). The increasing implementation of various technologies such as artificial intelligence (AI) and others by government agencies incorporating supportive policies to support farmers and fuel the food & nutrition security in the several countries is one of the major factors projected to drive the growth of the micronutrient fertilizers market. For instance, Soil Health Card (SHC) is a Government of India's scheme promoted by the Department of Agriculture & Co-operation under the Ministry of Agriculture and Farmers' Welfare. It is being implemented through the Department of Agriculture of all the State and Union Territory Governments. SHC is a printed report that a farmer will be handed over for each of his holdings. It will include the status of his soil with respect to 12 parameters, namely N, P, K (Macro-nutrients); S (Secondary- nutrient); Zn, Fe, Cu, Mn, Bo (Micro - nutrients); and pH, EC, OC (Physical parameters). Based on this, the SHC will also show fertilizer recommendations and soil amendment required for the farm.

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Further, in November 2021, Lucent BioSciences, Inc. closed $4.2M in investments from Emmertech, Amathaon, SVG Ventures, WUTIF Capital, Vantec/eFund and Vancouver-based angel investors. Lucent is driven by accelerating the transition of agriculture to sustainability. Lucent Bio has developed a novel patent-pending fertilizer for agriculture that uses cellulose fiber as a delivery agent. The product improves yield and soil health, is carbon neutral, non-polluting, and sustainable.

Market Coverage

• The market number available for – 2020-2027

• Base year- 2020

• Forecast period- 2021-2027

• Segment Covered-

· By Nutrient

· By Form

· By Crop Type

· By Application

• Regions Covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

• Competitive Landscape- including Yara International ASA, BASF SE, The Mosaic Company, Coromandel International Ltd., INDIAN FARMERS FERTILISER COOPERATIVE LTD., and others

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Global Micronutrient Fertilizers Market Report Segment

By Nutrient

• Zinc

• Manganese

• Copper

• Boron

• Molybdenum

• Iron

• Other Nutrients (Nickel and Chlorine)

By Form

• Chelated Micronutrient

• Non-Chelated Micronutrient

By Crop Type

• Cereals & Grains

• Fruits & Vegetables

• Pulses and Oilseeds

• Others (Turfs, ornamentals, plantation crops, forages, and fiber crops)

By Application

• Soil

• Foliar

• Fertigation

• Seed treatment

• Others (Trunk injection and implantation)

Global Micronutrient Fertilizers Market Report Segment by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

· Latin America

· Middle East & Africa

Company Profiles

· AgXplore International, LLC.

· AkzoNobel

· AXTER AgroscienceInc.

· Bayer AG

· Belaruskali

· Compass Minerals

· Corteva Agriscience

· FMC Corp.

· Helena Agri-Enterprises, LLC

· Industries Holdings, Inc.

· Israel Chemicals Ltd.

· K+S Aktiengesellschaft

· Land O'Lakes, Inc.

· Mahadhan by Smart Chem Technologies Pvt. Ltd.

· Minerals International, Inc.

· Nouryon Chemicals Holding B.V.

· Nufarm

· Nutrien Ltd.

· UPL Ltd., India

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