Agricultural Micronutrients Market to Surpass USD 13.26 Billion by 2035 with CAGR 6.97%, Fueled by Demand for High-Quality Yield

As per MRFR analysis, the Agricultural Micronutrients Market Size was valued at USD 6.32 Billion in 2024 and is forecasted to expand to USD 6.761 Billion in 2025, eventually reaching USD 13.26 Billion by 2035. This growth reflects a CAGR of 6.97% between 2025 and 2035, driven by rising awareness regarding soil fertility, technological advancements in agricultural solutions, and the increasing need to enhance crop productivity. Agricultural micronutrients including zinc, boron, iron, manganese, copper, and molybdenum play a critical role in plant metabolic processes such as chlorophyll synthesis, enzyme system functions, and nutrient absorption. The sharp rise in global food demand due to ongoing population expansion has accelerated the adoption of micronutrient-enriched fertilizers and crop inputs. Moreover, the emergence of precision farming, soil testing systems, and sustainable agriculture policies is expected to further intensify market expansion in the coming decade.

Market Overview

The market landscape has evolved significantly as farmers increasingly recognize the threat posed by micronutrient-deficient soils, particularly in developing agricultural countries like India, China, and Brazil. Soil depletion caused by excessive crop cycles, reduced organic practices, and imbalanced use of fertilizers has resulted in micronutrient deficiencies affecting crop yield and quality. The growing shift toward bio-based crop nutrition, controlled-release fertilizers, and foliar applications is reshaping the product ecosystem. Additionally, government agricultural reforms, farmer education programs, and subsidy frameworks are contributing to higher micronutrient consumption globally. Major agricultural crops including cereals, pulses, oilseeds, and high-value commercial plantations are among the leading application segments for micronutrients. Furthermore, the adoption of digital agriculture tools such as remote sensing, IoT-based nutrient management, and AI-driven farm analytics is expected to modernize nutrient delivery practices.

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Key Players

The competitive landscape of the Agricultural Micronutrients market includes several multinational corporations and regional manufacturing companies focusing on portfolio expansion, strategic collaborations, and R&D investments. The top five key players dominating the global industry include:

• BASF SE
• Yara International ASA
• The Mosaic Company
• Nutrien Ltd.
• Coromandel International Limited

These companies are continuously innovating advanced micronutrient delivery formats such as chelated micronutrients, water-soluble formulations, and environment-friendly fertilizers to improve nutrient absorption efficiency and reduce farming input costs.

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Driving Factors and Emerging Trends

Several growth drivers are shaping the future of the Agricultural Micronutrients market. The most influential among them include:

• Increasing Soil Nutrient Imbalances: Continuous crop production without replenishment has led to micronutrient deficiencies across multiple regions.
• Growth in High-Value and Export-Oriented Crops: Quality standards for export crops require optimal nutrient balance, accelerating micronutrient usage.
• Rise in Precision and Sustainable Farming: AI-enabled nutrient management, satellite imaging, and variable-rate application technologies are facilitating high adoption rates.
• Government Regulations and Incentives: National agricultural programs promoting balanced fertilizer use are supporting market growth.
• Emerging trends such as nano-formulated micronutrients, specialty organic blends, and microgranular smart fertilizers are expected to redefine the product landscape during the forecast period.

Segment Analysis

The market is segmented based on product type, crop type, form, and application method. Zinc and boron currently hold the largest market share due to widespread crop deficiencies globally. In terms of application method, soil application leads, followed by fertigation and foliar spray, the latter being preferred for rapid nutrient absorption. Among crop segments, cereals and grains dominate, attributed to their large-scale cultivation and high dependency on micronutrient-enriched fertilizers. Meanwhile, horticulture and plantation crops are emerging as a fast-growing segment due to increased consumer preference for nutrient-rich fruits and vegetables.

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Regional Insights

Geographically, Asia-Pacific leads the Agricultural Micronutrients market, accounting for the highest demand due to extensive agricultural land, rapid fertilizer penetration, and a large agrarian workforce. Countries such as India and China are aggressively adopting micronutrient-focused fertilizer practices. North America follows, driven by advanced farming technologies, environmental compliance measures, and high awareness of soil health. Europe maintains a strong position due to stringent regulations related to food traceability and sustainable agriculture. Meanwhile, Latin America and Africa represent emerging markets with high long-term potential as large-scale crops such as soybeans, sugarcane, and coffee increasingly require micronutrient enrichment.

Industry Developments

Recent industry developments include mergers and acquisitions, product portfolio enhancements, and capacity expansion investments. Companies are incorporating chelating agents, enhanced solubility technologies, and eco-friendly formulations to improve nutrient efficiency and reduce environmental impact. Partnerships between government agricultural bodies, private companies, and academic research institutes are accelerating innovation in micronutrient testing and precision agriculture. With rising global food security concerns and sustainability goals, the agricultural micronutrients industry is expected to undergo rapid modernization through digital agriculture systems, global certification frameworks, and next-generation nutrient management solutions.

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