Agriculture Micronutrients Market Forecast to Surpass US$ 12.29 Bn by 2032 Amid Rising Focus on Soil Health and Crop Yield - Persistence Market Research

The global agriculture micronutrients market is witnessing strong momentum as awareness increases around the importance of micronutrients in crop health and productivity. These essential nutrients-including zinc, boron, iron, copper, and manganese-are required in small quantities but play a critical role in plant growth and development. According to market projections, the global agriculture micronutrients market is expected to expand at a CAGR of 8.6% from 2025 to 2032, growing from a value of US$ 6,900.60 Mn in 2025 to US$ 12,294.10 Mn by 2032. Historically, the market posted a CAGR of 6.3% between 2019 and 2024, indicating a significant uptick in growth driven by rising concerns about soil health and nutrient depletion.

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Cereal crops lead the agriculture micronutrients market in terms of crop type, with the segment contributing the highest value share. Regionally, South Asia-particularly India-holds a commanding share of the market, accounting for over 40.8% in the regional distribution. India's large agricultural base and its increasing focus on nutrient-rich farming practices position it as a key growth engine for the sector.

Key Highlights from the Report

➤ The agriculture micronutrients market is projected to reach US$ 12,294.10 Mn by 2032.
➤ Zinc dominates the product segment with a 38.1% market value share.
➤ India holds the largest market share in South Asia at 40.8%.
➤ Fertigation application is witnessing a robust CAGR of 9.4%.
➤ Historical CAGR (2019-2024) for the global market was 6.3%.
➤ Fortified fertilizers are gaining momentum for addressing soil degradation.

Market Segmentation

The agriculture micronutrients market is segmented based on product type, crop type, and application methods. In terms of product type, zinc leads the market due to its critical role in enzymatic activity and chlorophyll formation. It is followed by boron, iron, manganese, molybdenum, and copper, each vital for plant metabolism and nutrient absorption.

By crop type, cereals represent the leading segment, driven by high global demand and the need for improved crop yields. Pulses and oilseeds, fruits, and vegetables are also significant contributors. These crops require different micronutrient formulations based on soil types and climatic conditions, thereby fueling diversified demand.

On the basis of application, the market is categorized into soil application, foliar, fertigation, seed treatment, and others. Among these, fertigation is emerging as the fastest-growing segment, with a value CAGR of 9.4%, followed by soil application at 8.5%. These application methods allow precise nutrient delivery and enhance crop efficiency.

Regional Insights

The market demonstrates robust growth across all key regions. South Asia and the Pacific, particularly India, is the dominant market, driven by its vast agricultural footprint and government initiatives promoting balanced nutrient usage. India's reliance on agriculture as a core economic activity further amplifies demand for micronutrient-enriched fertilizers.

In Europe, countries such as Italy, Spain, and France are showing promising growth potential, with respective CAGRs of 7.4%, 6.9%, and 6.7%. The demand here is propelled by the increasing trend of precision agriculture and organic farming.

North America also presents a stable growth trajectory, underpinned by technological adoption in farming practices and the presence of major market players. Meanwhile, East Asia and Latin America are fast-developing markets with expanding agricultural sectors and rising awareness of soil nutrient management.

Market Drivers

Several pivotal factors are fueling the growth of the agriculture micronutrients market. The increasing prevalence of micronutrient deficiencies in soil, driven by intensive farming practices and the overuse of chemical fertilizers, is compelling farmers to turn toward micronutrient supplementation. As consumers demand higher quality and nutrient-rich food, producers are increasingly embracing fortified fertilizers to meet this need.

Additionally, the rising production of biofuel crops such as corn, wheat, and sugarcane is contributing to market expansion. These crops, grown specifically for energy production, require high yields and optimal growth conditions-achievable only with adequate micronutrient support.

The trend of fortifying traditional fertilizers with micronutrients such as iron and zinc is gaining traction. Companies like the OCP Group are investing in R&D to develop customized solutions for specific soil types, ensuring efficient nutrient delivery and minimizing environmental impact.

Market Restraints

Despite promising growth, the market faces notable restraints. One of the most pressing issues is the high cost of micronutrient products, which can deter adoption, particularly among smallholder farmers in developing regions such as North Africa, India, and parts of China. These price barriers often lead to continued nutrient deficiencies in the soil, adversely impacting crop health.

There is also a lack of awareness and training among farmers regarding the appropriate dosage and application methods for micronutrients. While soil and foliar applications are somewhat common, newer methods such as fertigation and seed treatment are still underutilized due to limited access to technology and guidance.

Market Opportunities

The agriculture micronutrients market is poised for substantial growth, thanks to several emerging opportunities. Micronutrient mixtures, tailored for specific crops and soil types, are gaining momentum. Developed by institutions like the Indian Institute of Spices Research (IISR), these customized mixtures not only enhance crop yield but are also environment-friendly and compatible with organic farming practices.

Moreover, the expanding use of chelated iron fertilizers in turf grass, decorative plants, and specialty crops such as soybean and alfalfa is opening new avenues. As urban landscaping and recreational green areas gain popularity, particularly in developing nations, the demand for aesthetically pleasing, healthy plant growth will support the market's upward trajectory.

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✔ Identify growth opportunities across diverse product types and regional markets.
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Frequently Asked Questions (FAQs)

◆ How big is the agriculture micronutrients market in 2025 and what is its projected growth by 2032?
◆ Who are the key players in the global agriculture micronutrients market?
◆ What is the projected growth rate of the agriculture micronutrients market during the forecast period?
◆ What is the agriculture micronutrients market forecast for 2032?
◆ Which region is estimated to dominate the agriculture micronutrients industry through the forecast period?

Company Insights

Several key players dominate the agriculture micronutrients market, each bringing innovation, geographical expansion, and R&D focus to gain a competitive edge.

• ADAMA Agricultural Solutions Ltd.
• Agrium Inc
• Auriga Industries A/S
• BASF SE
• Bayer CropScience AG
• Compass Minerals International Inc.
• E.I. DuPont DE Nemours and Company
• Land O'Lakes Inc.
• Monsanto Co.
• Nufarm Limited
• Sumitomo Chemical Co., Ltd.
• Syngenta International AG
• The Dow Chemical Co.
• The Mosaic Company
• Yara International ASA
• ATP Nutrition
• Baicor, L.C.
• Brandt Consolidated Inc.
• Grow More Inc.
• Micnelf USA Inc.
• Kay-Flo Company
• Stoller USA, Inc.
• Verdesian Life Sciences, LLC (QC Corporation)

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