Press release
Agriculture Micronutrients Market Projected to Expand to US$ 12.29 Bn by 2032 - Persistence Market Research
Agricultural micronutrients, though required in minute quantities, play a pivotal role in plant growth and development. Key nutrients such as zinc, boron, copper, iron, and manganese ensure enzymatic activity, chlorophyll synthesis, and protein production. Among these, zinc dominates the market with a 38.1% share in 2024, due to its critical role in plant metabolic functions. Regionally, India emerges as the leading market in South Asia, accounting for 40.8% of the region's share, while cereals represent the highest demand segment globally.
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Key Highlights from the Report
➤ The agriculture micronutrients market is projected to grow at a CAGR of 8.6% from 2025 to 2032.
➤ Zinc holds the largest share of the micronutrients market at 38.1% in 2024.
➤ India accounts for 40.8% of the South Asian market share, leading the region.
➤ The fertigation segment is growing at the fastest rate, with a CAGR of 9.4%.
➤ Italy, Spain, and France are forecasted to grow at 7.4%, 6.9%, and 6.7% respectively.
➤ Global market value to reach US$ 12,294.10 Mn by 2032 from US$ 6,900.60 Mn in 2025.
Market Segmentation
The agriculture micronutrients market is segmented based on product type, crop type, application, and region. By product type, the market includes boron, copper, iron, manganese, molybdenum, zinc, and others, with zinc leading due to its widespread necessity across crops. Crop-wise, cereals dominate the market followed by pulses & oilseeds, fruits & vegetables, and other specialty crops. Application-wise segmentation includes fertigation, foliar, soil, seed treatment, and other methods, where soil application currently holds the largest market value, and fertigation shows the highest growth rate. Regionally, the market spans North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa.
Regional Insights
In South Asia, India is a major market player, accounting for more than 40% of regional demand due to its large agricultural sector, which significantly contributes to its GDP. In Europe, Italy, Spain, and France show promising growth potential due to increased awareness of soil deficiencies and widespread use of micronutrients to supplement plant health. Urbanization and the expansion of decorative and turf grass projects have driven chelated iron fertilizer demand in emerging economies. Moreover, Asia-Pacific is forecasted to witness the fastest growth, driven by increasing crop yields and widespread government support for modern agricultural practices.
Market Drivers
One of the primary drivers of the agriculture micronutrients market is the increasing awareness about micronutrient deficiencies in soil caused by intensive cropping and conventional farming practices. These deficiencies impair plant growth and crop yield, creating a strong incentive for farmers to use micronutrient-enriched fertilizers. Another contributing factor is the growing biofuel demand, leading to higher cultivation of energy crops such as corn, wheat, and sugarcane. These crops require adequate micronutrient support to thrive. Additionally, fortified composts containing micronutrients have proven highly effective in rejuvenating degraded soils and boosting productivity.
Market Restraints
Despite the positive outlook, the market faces notable challenges. High product prices discourage adoption among small-scale farmers in developing regions, such as Brazil, India, and North Africa. Many micronutrients like molybdenum, zinc, and boron are cost-prohibitive. Limited awareness and lack of access to modern farming techniques further compound the problem. Many farmers are unfamiliar with proper application techniques beyond conventional soil and foliar methods, such as fertigation or hydroponics, which restricts optimal use of these products.
Market Opportunities
Innovative solutions such as soil and crop-specific micronutrient mixtures present new growth avenues. These blends not only address deficiencies but also enhance plant quality and yield by 15-25%. Developed at institutions like the Indian Institute of Spices Research, these environmentally friendly options can also serve organic agriculture needs. Additionally, widening applications of chelated iron in both agriculture and urban landscaping are broadening market prospects. As urban beautification and the demand for ornamental plants rise globally, so does the demand for specialized micronutrients, creating lucrative opportunities.
Frequently Asked Questions (FAQs)
◆ How big is the agriculture micronutrients market?
◆ What is the projected growth rate of the agriculture micronutrients market?
◆ Who are the key players in the global agriculture micronutrients market?
◆ What is the market forecast for agriculture micronutrients through 2032?
◆ Which region is estimated to dominate the agriculture micronutrients industry through the forecast period?
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Company Insights
• 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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About Persistence Market Research:
At Persistence Market Research, we specialize in creating research studies that serve as strategic tools for driving business growth. Established as a proprietary firm in 2012, we have evolved into a registered company in England and Wales in 2023 under the name Persistence Research & Consultancy Services Ltd. With a solid foundation, we have completed over 3600 custom and syndicate market research projects, and delivered more than 2700 projects for other leading market research companies' clients.
Our approach combines traditional market research methods with modern tools to offer comprehensive research solutions. With a decade of experience, we pride ourselves on deriving actionable insights from data to help businesses stay ahead of the competition. Our client base spans multinational corporations, leading consulting firms, investment funds, and government departments. A significant portion of our sales comes from repeat clients, a testament to the value and trust we've built over the years.
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