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Leading Element Driving Change in the Agricultural Micronutrients Market in 2025: Increasing Soil Micronutrient Deficiency Fuels Growth In The Agricultural Micronutrients Market Driver
Agricultural Micronutrients Market Size
(nan, nan)
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What Is the projected market size and growth rate for the agricultural micronutrients market?
The size of the agricultural micronutrients market has seen a swift expansion in the past few years. The market is predicted to escalate from $7.09 billion in 2024 to $8.13 billion in 2025, showing a compound annual growth rate (CAGR) of 14.7%. Factors such as soil nutrient depletion, increased awareness and education, government subsidies, crop diversity, and environmental concerns have contributed to the growth observed during the historic period.
In the coming years, the market size for agricultural micronutrients is set to experience accelerated growth. The market is projected to expand to $13.67 billion by 2029, with a compound annual growth rate (CAGR) of 13.9%. Such growth over the forecast period can be credited to factors such as rising markets, population growth, precision farming, research advancements, and the prevalence of organic farming. Key trends expected during the forecast period include the use of biological micronutrients, bespoke micronutrient blends, the integration of nanotechnology in micronutrients, micronutrient fortification, and the pursuit of sustainable sourcing techniques.
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What new trends are reshaping the agricultural micronutrients market and its opportunities?
Advancements in technology are influencing the evolution of the agricultural micronutrients market. Considering technological advancement as new knowledge discovery that contributes to the development of superior products, we can see this at work in the agricultural micronutrients market. For example, in September 2022, ICL Group Ltd. - an organization based in Israel that manufactures metals, fertilizers and specialized chemicals, introduced eqo.x, an innovative and quickly biodegradable release technology for open field farming. With this new technology, nutrient wastage is reduced, and nutrient use efficiency (NUE) can be increased by up to 80%. A unique coating in this solution helps farmers optimize crop performance in agriculture while limiting environmental damage. This release technology can also assist in decreasing the frequency and quantity of nitrogen applications, allowing for constant and reliable nutrient release and sustaining or even increasing yields at lower fertilizer rates.
What major market segments define the scope and growth of the agricultural micronutrients market?
The agricultural micronutrients market covered in this report is segmented -
1) By Type: Zinc, Boron, Iron, Copper, Manganese, Molybdenum, Other Types
2) By Method of Application: Soil Application, Fertigation, Foliar, Seed Treatment, Hydroponics
3) By Crop Type: Cereals, Pulses, Oilseeds, Spices, Fruit And Vegetables
4) By Application: Tomato, Cotton, Citrus, Apple, Lettuce, Soybean, Other Applications
Subsegments:
1) By Zinc: Zinc Sulfate, Zinc Oxide, Chelated Zinc
2) By Boron: Boric Acid, Sodium Borate, Chelated Boron
3) By Iron: Iron Sulfate, Iron Chelates (e.g., EDTA, DTPA), Iron Oxide
4) By Copper: Copper Sulfate, Copper Oxide, Chelated Copper
5) By Manganese: Manganese Sulfate, Chelated Manganese, Manganese Oxide
6) By Molybdenum: Ammonium Molybdate, Sodium Molybdate
7) By Other Types: Cobalt, Nickel, Selenium, Other Micronutrient Blends
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Which region dominates the agricultural micronutrients market?
Asia-Pacific was the largest region in the agricultural micronutrients market in 2024. Asia-Pacific is expected to be the fastest-growing region in the agricultural micronutrients market. The regions covered in the agricultural micronutrients market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Which key market leaders are driving the agricultural micronutrients industry growth?
Major companies operating in the agricultural micronutrients market include 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
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What Is Covered In The Agricultural Micronutrients Global Market Report?
•Market Size Forecast: Examine the agricultural micronutrients market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the agricultural micronutrients market for a structured understanding.
•Key Players Overview: Analyze major players in the agricultural micronutrients market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the agricultural micronutrients market.
•Segment Contributions: Evaluate how different segments drive overall growth in the agricultural micronutrients market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the agricultural micronutrients market.
•Industry Challenges: Identify potential risks and obstacles affecting the agricultural micronutrients market.
•Competitive Landscape: Review strategic developments in the agricultural micronutrients market, including expansions, agreements, and new product launches.
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