Agricultural Micronutrients Market Set to Grow at a CAGR of 3.6%, Projected to Reach USD 7,834 Million by 2035 | Fact.MR Report

The global agricultural micronutrients market is anticipated to grow to USD 7,834 million by 2035 from USD 5,319 million in 2024. Over the forecast period (2025-2035), the market is anticipated to expand at a CAGR of 3.6%.

During the course of the next decade, the sector is expected to expand 1.4X with an absolute dollar opportunity of USD 2,334 million. Increased demand for high-yielding, nutrient-dense crops, along with rising micronutrient-deficient soils and heightened awareness of sustainable agriculture, is driving the use of agricultural micronutrients worldwide.

The market for agricultural micronutrients is growing strongly with rising global food demand, soil erosion, and the demand for sustainable agriculture. As precision agriculture and bioavailability technologies continue to evolve, this industry presents promising opportunities for innovation, strategic alliances, and high-ROI investments in emerging and developed economies.

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Key Takeaways from Market Study:

The agricultural micronutrients market is growing steadily due to increasing demand for higher crop yields and better soil health.
Companies like BASF SE and Yara International are focusing on expanding their product offerings to meet the rising demand for micronutrient solutions in agriculture.
Asia Pacific holds a dominant share of the market, driven by the agricultural needs of countries like India and China.
Zinc is expected to see significant growth in demand due to its role in improving crop quality and addressing deficiencies in soils.
The market faces challenges such as the growing popularity of organic farming and limited awareness in developing countries about the benefits of micronutrients.

Leading Players Driving Innovation in the Agricultural Micronutrients Market:

BASF SE | BMS Micro-Nutrients | Compass Minerals | Coromandel International | Deepak Fertilizers | Haifa Group

Key Market Growth Drivers:

The increasing world population is putting tremendous pressure on agriculture, forcing farmers to incorporate cutting-edge technologies and solutions. Micronutrients like zinc, iron, manganese, and copper play important roles in maximizing crop development and enriching soil quality.

The overuse of macronutrient fertilizers, coupled with poor crop rotation, has resulted in widespread micronutrient deficiencies in the soil, primarily in major agricultural belts. This has considerably increased demand for micronutrient solutions both as soil and foliar applications.

In addition, raising awareness among farmers regarding the advantages of micronutrients, such as how they can boost crop yield, nutrient value, and resistance to diseases, is driving market demand. As global trends shift toward more sustainable agricultural methods, micronutrient supplementation is more essential than ever before to ensure healthy soils and the quality of crops produced.

Regional Insights: Asia Pacific Leads the Charge:

The Asia Pacific is the largest contributor in the agricultural micronutrients market, with a demand of more than 40% globally. India and China have critical soil micronutrient deficiencies, and therefore use of micronutrients has increased rapidly in these regions in recent times. The demand is likely to increase at a strong CAGR of more than 4%, with China alone likely to have a consistent growth pattern due to its mass-scale agricultural output and micronutrient-deficient soils.

Other regions such as Africa and some parts of Latin America are also experiencing an increase in demand as the use of advanced agricultural methods, including micronutrient fertilization, gains popularity.

Challenges in the Market:

Even with the encouraging growth, the market for agricultural micronutrients has some challenges. One of the challenges is the increasing trend toward organic farming, especially in developed countries such as Europe and North America. This trend toward organic farming methods is fueling demand for organic fertilizers, which could affect the growth of synthetic micronutrient solutions.

Another obstacle is the low level of awareness regarding the significance of micronutrients, especially in developing countries. Raising awareness among farmers about the long-term advantages of micronutrient supplementation is a major barrier to market entry.

Agricultural Micronutrients Market News:

In November 2024, Yara North America launched the YaraAmplixTM portfolio of biostimulants in the USA and Canada. The product line is formulated to improve crop resilience, nutrient uptake, and overall quality through the use of natural ingredients to promote sustainable food production.

In April 2024, India is addressing micronutrient deficiencies, such as zinc, to improve agriculture quality and soil health. As the nation has recorded food production at a high level, nutritional security is an issue, and zinc deficiency affects most people, particularly children. Some of the solutions are the biofortification of crops via genetic and agronomic approaches. Research centers are working on developing zinc-enriched rice, wheat, and millets for increasing crop yield and overall population health.

Browse Full Report: https://www.factmr.com/report/472/agricultural-micronutrients-market

More Valuable Insights on Offer:

Fact.MR, in its new offering, presents an unbiased analysis of the global agricultural micronutrients market, presenting historical data for 2020 to 2024 and forecast statistics for 2025 to 2035.

The agricultural micronutrients market is segmented by nutrient type, crop type, application method, and region. By nutrient, the market includes boron, manganese, zinc, copper, and others, with zinc being a key segment. In terms of crops, the market covers cereals & grains, fruits & vegetables, oilseeds & pulses, and others, with cereals & grains leading due to their global cultivation.

The application segment includes soil, fertigation, foliar, seed treatment, and others, with soil and foliar applications being the most common. Regionally, the market spans North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and the Middle East & Africa, with Asia Pacific dominating the market due to high demand in countries like India and China. This segmentation reflects the growing need for tailored micronutrient solutions to boost crop yield and soil health.

Check out More Related Studies Published by Fact.MR Research:

Chelated-Iron Agricultural Micronutrient Market - https://www.factmr.com/report/chelated-iron-agricultural-micronutrient-market

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Fertilizer Fillers Market - https://www.factmr.com/report/fertilizer-fillers-market

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Organic Fertilizer Market - https://www.factmr.com/report/organic-fertilizer-mark

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