Global Boron Fertilizers Market Size, Share, and Forecast Analysis 2025-2029

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What Are the Boron Fertilizers Market Size Forecast for 2025?
In recent years, the market size of boron fertilizers has seen substantial growth. Its predicted escalation from $2.99 billion in 2024 to $3.18 billion in 2025, with a compound annual growth rate (CAGR) of 6.4%, is considerable. The phenomenal growth during the historic period is a reflection of advancements in soil fertility research, enhancements in crop yield, widening awareness of deficiency, the expansion of the mining industry, and the evolution of the fertilizer industry.

What Is the Market Size Outlook for Boron Fertilizers Until 2029?
The market size for boron fertilizers is poised for a robust growth in the upcoming years, projected to reach a size of $4.43 billion by 2029, growing at a compound annual growth rate (CAGR) of 8.6%. This growth during the forecast period can be linked to the utilization of precision agriculture, effects of climate change, efforts towards sustainable agriculture, biofortification initiatives, and the increasing demand for organic farming. Key trends during this period are expected to include mapping of boron fertilization, customized formulations for specific crops, microdosing and controlled release techniques, and the use of organic and environmentally friendly boron fertilizers, as well as bio-stimulant boron products.

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What Are the Major Factors Driving Demand in the Boron Fertilizers Market?
The escalating output of fruits and vegetables is anticipated to propel the boron fertilizers market's growth. Fruits denote the sweet or sour parts of plants bearing seeds that can be eaten raw, while vegetables denote an edible part of a plant. Boron plays a critical role in protein synthesis, seed and cell wall development, pollen grain germination, pollen tube growth, and ultimately in the fruit setting and yield. It also regulates glucose metabolism and aids in sugar transportation, which underscores why the increasing fruit and vegetable production is set to surge the boron fertilizer market. For instance, a report from Statistics Canada, a national statistical agency in Canada, indicated that in 2022, the total output of fruits and vegetables surged by 6.1% to 3.5 billion kg. Ontario topped the list by producing 55.2% of all vegetables, followed by Quebec (34.0%), and British Columbia (3.1%) in 2022. Meanwhile, fruit sales increased impressively by 15.3% to $1.4 billion in the same year. Therefore, the proliferating production of fruits and vegetables is catalyzing the growth of the boron fertilizers market.

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How Are End-Use Segments Shaping the Boron Fertilizers Market Outlook?
The boron fertilizers market covered in this report is segmented -

1) By Fertilizer Type: Boric Acid, Borax, Boron Calcium Nitrate, Boron Humate, Other Types
2) By Crop Type: Cereals And Grains, Fruits And Vegetables, Oilseeds And Pulses, Other Crop Types
3) By Application Method: Foliar Spray, Soil Treatment, Fertigation
4) By End-Use: Agriculture, Horticulture, Floriculture, Other End Uses

Subsegments:
1) By Boric Acid: Granular Boric Acid, Powdered Boric Acid
2) By Borax: Granular Borax, Powdered Borax
3) By Boron Calcium Nitrate: Standard Boron Calcium Nitrate, Specialty Formulations
4) By Boron Humate: Liquid Boron Humate, Granular Boron Humate
5) By Other Types: Sodium Borate, Boron-based Micronutrient Fertilizers, Foliar Boron Fertilizers

What Are the Strategic Trends Transforming the Boron Fertilizers Market Landscape?
Leading organizations active in the boron fertilizer market are concentrating their efforts on creating innovative solutions, such as diammonium phosphate (DAP) fertilizer, with an aim to boost agricultural yield and resolve nutrient shortages in soil. Diammonium phosphate (DAP) fertilizer is a widely adopted chemical fertilizer containing two crucial plant nutrients, nitrogen and phosphorus. For example, in April 2024, Fauji Fertilizer Company Limited, a chemical manufacturing company based in Pakistan, unveiled Sona Boron DAP, Pakistan's premier value-added diammonium phosphate fertilizer, on April 23, 2024. This pioneering product contains 18% nitrogen, 46% phosphorus, and 0.1% boron to address the pronounced boron deficit found in nearly 60% of the nation's soils. The primary objective of Sona Boron DAP is to improve crop productivity by 10-23% and it offers flexibility for use through fertigation in the later stages of growth.

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Who Are the Prominent Companies in the Boron Fertilizers Market by ?
Major companies operating in the boron fertilizers market include Bayer AG, Honeywell International Inc., Yara International ASA, INEOS Capital Limited, The Mosaic Company, Corteva Inc., Asahi Kasei Corporation, BASF Agricultural Solutions, U.S. Borax, China Green Agriculture Inc., Drexel Chemical Company, Verdesian Life Sciences, Kalyani Industries Limited, SCL Italia SpA, Rama Phosphates Ltd., Deveron Corp, AgroLiquid, JH Biotech Inc., Inkabor SAC, Microsource LLC, Koch Agronomic Services LLC, Quiborax SA, Minera Santa Rita SRL, OMEX Agricultural Holdings Limited, Aries Agro Limited, Valagro SpA, Rose Mill Co

Which Region Is Expected to See the Highest CAGR in the Boron Fertilizers Market?
Asia-Pacific was the largest region in the boron fertilizers market in 2024. The regions covered in the boron fertilizers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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