Crop Micronutrients Market Size, Share, Opportunities, And Trends By Type (Boron, Copper, Zinc, Iron, Others), By Crop Type (Cereals & Grains, Fruits & Vegetables, Oilseeds & Pulses, Others), By Form (Chelated, Non-Chelated), And By Geography - Forecasts From 2025 To 2030

Crop Micronutrients Market Size:

The Crop Micronutrients Market is expected to grow from USD 8.456 billion in 2025 to USD 11.559 billion in 2030, at a CAGR of 6.45%.

Crop Micronutrients Market Trends:

Micronutrients are essential nutrients that are essential for the growth as well as the metabolic activities of plants. Micronutrients help to improve the taste, quality, and colour of plants or crops. These also enhance the efficiency of the fertilizers and help in the reduction of water use. Micronutrients help in the development of strong roots and help in the building up of complete compounds and proteins, thereby helping in boosting the immunity of crops. The market for crop micronutrients is projected to show decent growth throughout the forecast period. The primary factors augmenting the market growth include the growing deficiencies in soil, coupled with rising awareness among farmers and crop growers regarding the delivery of essential nutrients to the crops.

Furthermore, there has been a constantly growing awareness of food security, which is also a key factor driving the demand for crop micronutrients. The burgeoning requirements for enhanced crop yield and productivity are also projected to bolster the demand for these nutrients as they are considered to be highly efficient for improved crop yield. A significant decrease in the arable land, coupled with an increase in the globally growing demand for food has further put the pressure on the limited available resources, thus, for improved yield in the limited available land farmers are using various micronutrients, which are also playing a significant role in shaping the market growth during the next five years.

The availability of substitutes for micronutrients, along with the unawareness among the farmers regarding the benefits of these nutrients, and also the lack of knowledge regarding the proper application of micronutrients, are some of the factors projected to inhibit the market growth moderately during the given time frame. 

Crop Micronutrients Market Growth Drivers:

• Growing food demand:

The global population has been on the verge of increasing for many years. According to data by the United Nations, the world’s population is expected to reach 9.7 billion by the year 2050. This, in turn, is considered to be a prime factor that has led to an increase in the demand for nutritious food and agricultural crops. The improved economic conditions in many parts of the world and rapid urbanization and industrialization, especially in the developed economies of the world, have played a significant role in creating ample job opportunities for people.

Thus, the economic conditions are expected to get better with each passing day, as the creation of jobs will further lead to an increase in the purchasing power of the people. Thus, the demand for nutritious food will increase. FAO states that approximately 821 million people in the world are undernourished. However, at this rapid pace of industrialization and urbanization, the pressure on the limited available resources, such as land, air, and water, is increasing. Thus, a significant shrinkage in the arable land has further augmented the use of micronutrients by the farmers, as these are considered highly efficient for enhancing yield quantity and quality on the limited available land. Thus, the burgeoning requirements for the enhancement of agricultural output have further led to an increased usage of micronutrients since there is limited arable land that cannot be expanded due to industrialization and urbanization.

• Declining arable land

The market for micronutrients is projected to show promising growth on account of the constantly decreasing arable land in many countries of the world. Since micronutrients are considered highly essential materials for the supply of the utmost necessary nutrients to the soil as well as the roots of the plants to maintain and improve the nutritional capabilities. The piece of land that is available and capable of farming is defined as arable land.

However, the area of arable land has declined in many parts of the world due to rapid urbanization and industrialization. The construction of industries, residential buildings, highways, and others has further led to a reduction in the availability of arable land in both developed and developing economies.  For example, according to the data provided by the World Bank Group, arable land in the United States of America reached 152,262,500 hectares by the year 2016 from 155,926,203 hectares in 2010.

• Participation by market players

There is a high volume of companies working in the crop micronutrient market. However, some have solidified their position as the leading providers in this industry. These players are involved in a plethora of investments, product launches, and R&D as a part of their growth strategies to further strengthen their position and provide better products and services to their customers worldwide, which is further expected to propel the growth of the market in the coming years. Some of the following are:

In August 2020, Tracegro OY announced the signing of a distribution agreement with AMD Agro in Brazil.

Tracegrow OY announced the addition of a foliar micronutrient to its existing product line, Agro-K®, in January 2020. In April 2019, BASF SE, one of the leading chemical manufacturing companies in the world, announced the signing of an agreement with  Canada-based Quadra Chemicals Ltd as a new distributor for its micronutrient products across Canada.

In June 2017, AkzoNobel announced an investment worth €10 million to expand the manufacturing capacity in Sweden, engaged in the production of chelated micronutrients to meet the growing demand from the agricultural sector.

Crop Micronutrients Market Segment Analysis:

• Zinc will have a significant share.

On the basis of type, the crop micronutrients market has been segmented into boron, copper, zinc, iron, and others. Due to zinc deficiencies in many countries across the region, zinc is projected to hold a substantial market share throughout the forecast period, owing to its wide applications across the Asia-Pacific region. Additionally, zinc is considered one of the most essential micronutrients as it plays a major role in plant growth due to its capability to regulate auxin, which is an essential growth hormone in the formation of pollen. In protein synthesis as well zinc acts as an enzyme activator.

However, boron is projected to show healthy growth during the forecast period owing to the fact that these are routinely used in fertilizer recommendations for numerous crops, such as cotton, cabbage, apple, and root crops, among others.

• Fruits and Vegetables to witness good growth

On the basis of crop type, the crop micronutrient market has been divided into cereals and grains, fruits and vegetables, oilseeds and pulses, and others. The fruit and vegetable segment is projected to witness promising growth over the course of the next five years owing to the fact that there has been an increased demand for fruits and vegetables due to their nutritious benefits.

Furthermore, the growing production of vegetables due to the continuously increasing demand around the world is driving the demand for micronutrients for their growth. Thus, it is essential to maintain the nutrient quality and productivity of vegetables and fruits. Additionally, the growing exports of fruits and vegetables from the major exporting countries to the world also play a significant role in driving the growth of this segment during the next five years.

Cereals and grains are expected to hold a decent market share throughout the forecast period as they are highly consumed globally owing to their nutritional value. Also, the growing consumption of cereals and grains globally is projected to bolster the growth of this segment during the next five years. For example, the demand for cereals for both human and animal consumption is projected to reach 3 billion tonnes by 2050.

• Chelated to hold a significant share

By form, the crop micronutrient market has been classified into chelated and non-chelated. The chelated form of micronutrients is expected to hold a significant share in the market owing to their wide applications and their higher stability than non-chelated compounds. Thus, these forms of micronutrients have wide applications in the agricultural sector, thereby supporting their significant share during the course of the next five years.

Crop Micronutrients Market Geographical Outlook:

APAC will have a significant share. Geographically, the market has been distributed in North America, South America, Europe, the Middle East, and Africa, and the Asia Pacific. The Asia Pacific region is projected to hold a noteworthy market share on account of the presence of major producing countries such as India and China, among others.

Crop Micronutrients Market Competitive Insights:

Prominent/major key market players in the crop micronutrients market include YARA International, The Mosaic Company, and Nutrien, among others. The players in the crop micronutrient market are implementing various growth strategies to gain a competitive advantage over their competitors in this market. Major market players in the market have been covered along with their relative competitive positions and strategies. The report also mentions recent deals and investments of different market players over the last few years. The company profiles section details the business overview, financial performance (public companies) for the past few years, key products and services being offered, along with the recent deals and investments of these important players in the crop micronutrients market.

Crop Micronutrients Market Segmentation:

• By Type
  • Boron
  • Copper
  • Zinc
  • Iron
  • Others
• By Crop Type
  • Cereals & Grains
  • Fruits & Vegetables
  • Oilseeds & Pulses
  • Others
• By Form
  • Chelated
  • Non-Chelated
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others

BASF SE

Nutrien Ltd.

Yara International

The Mosaic Company

Aries Agro Limited

Baicor, LLC

Helena Agri-Enterprises, LLC

Haifa Group

Nouryon

Valagro S.p.A

Western Nutrients Corporation

ATP Nutrition Ltd.

BMS Micro-Nutrients NV