Press release
Rapid Growth in Agricultural Micronutrients Market: Projected to Reach $13.83 Billion by 2029, with a Strong CAGR of 15.6%
Agricultural Microbial Market
The agricultural micronutrients market has been witnessing a phenomenal rise over the years, and future projections indicate a promising outlook.
What Is The Projected Market Size Of The Global Agricultural Micronutrients Market And Its Growth Rate?
Significant growth is on the cards for the global agricultural micronutrients market.
• Market size in 2024: $7.09 billion
• Expected market size in 2025: $8.13 billion (14.7% CAGR)
• Anticipated market size in 2029: $13.67 billion (13.9% CAGR)
Driving this growth are factors such as soil nutrient depletion, education and awareness, government subsidies, crop diversity, environmental concerns, emerging markets, increasing population, precision agriculture, research and development, and rising organic farming.
What Is Driving The Growth In The Agricultural Micronutrients Market?
Many factors are contributing to the growth of the agricultural micronutrients market. Soil nutrient depletion and increased awareness about the benefits of micronutrients for plants have led to more farmers using these products. Furthermore, government subsidies have made these products more affordable for a larger number of farmers. The diversity of crops that can benefit from micronutrients has also been a factor. In addition, concerns about the environment have led to an increased focus on sustainable farming methods, which often involve the use of micronutrients.
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Who Are the Key Players Driving Agricultural Micronutrients Market Growth?
These are the major players in the agricultural micronutrients market:
• BASF SE
• Yara International ASA
• Nutrien Ltd.
• Nouryon BV
• Compass Minerals International
• Helena Chemical Company
• Corteva Agriscience
• Coromandel International Limited
• Haifa Group
• Valagro S.p.A
• Sigma AgriScience LLC
• Aries Agro Limited
• AgroLiquid
• Agrium Inc.
• Dow Chemical Company
• ATP Nutrition Ltd.
• Baicor L.C.
• Stoller USA Inc.
• Akzonobel N.V
• Sumitomo Chemical Co. Ltd.
• Syngenta International AG
• Brandt Consolidated Inc.
• Grow More Inc.
• Western Nutrients Corporation
• The Mosaic Company
• Nufarm Limited
• ICL Group Ltd.
• Chambal Fertilisers and Chemicals Limited
• Sapec Group
• Green Has Italia SPA
What Are The Key Trends In The Agricultural Micronutrients Market?
• Biological micronutrients
• Customized micronutrient blends
• Nanotechnology in micronutrients
• Micronutrient fortification
• Sustainable sourcing
What Are The Segments Of The Global Agricultural Micronutrients Market?
• By Type: Zinc, Boron, Iron, Copper, Manganese, Molybdenum, Other Types
• By Method of Application: Soil Application, Fertigation, Foliar, Seed Treatment, Hydroponics
• By Crop Type: Cereals, Pulses, Oilseeds, Spices, Fruit, And Vegetables
• By Application: Tomato, Cotton, Citrus, Apple, Lettuce, Soybean, Other Applications
Which Region Leads The Agricultural Micronutrients Market?
Asia-Pacific was the largest region in the agricultural micronutrients market in 2024. The region is also expected to be the fastest-growing in the years to come. The report covers other regions including Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Agricultural Micronutrients Market Global Market Report?
This comprehensive report provides detailed insights into the agricultural micronutrients market -
- Market Size Analysis
- Market Segmentation Analysis
- Key Player Focus
- Growth Trends Analysis
- Market Contribution
- Growth Drivers
- Industry Challenges
- Competitive Developments
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