Agricultural Micronutrients Market
Agricultural Micronutrients Market Analysis by Nutrient (Boron, Manganese, Zinc, Copper), by Crop (Cereals & Grains, Fruits & Vegetables, Oilseeds & Pulses), by Application (Soil, Fertigation, Foliar, Seed Treatment), & by Region - Global Insights 2022-2032
Analysis of Agricultural Micronutrients market covering 30+ countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Agricultural Micronutrients Market Growth Outlook (2022-2032)
The global agricultural micronutrients market is anticipated to reach a valuation of US$ 4.9 Billion in 2022 and is expected to gain a market value of US$ 7 Billion by the end of the forecast period.
The market for agricultural micronutrients, and expand at a steady CAGR of 3.6% over the forecast period of 2022 to 2032.
Near perfect competitive market with a bundle of players supplying the product has stabilized price points. This has compelled most market players to lower their margins by 5%.
Report Attributes |
Details |
|---|---|
|
Market Size in 2021 |
US$ 4.74 Billion |
|
Market Value in 2022 |
US$ 4.9 Billion |
|
Projected Forecast Value (2032) |
US$ 7 Billion |
|
Global Growth Rate (2022-2032) |
3.6% CAGR |
|
Expected CAGR of the Asia Pacific Market (2032) |
4% |
|
Anticipated CAGR of Egypt (2022-2032) |
1% |
|
Major Companies Analysis |
|
Consumption Analysis of Agricultural Micronutrients from 2017 to 2032 Compared to Demand Outlook for 2022 to 2032
Agriculture is the backbone of a majority of countries such as the U.S., China, and India, among other prominent countries. The agricultural sector captures a major portion of the formerly mentioned countries’ GDP, and for the sustenance of their arable land, regional policies tend to incline towards the utilization of micronutrients.
According to the agricultural micronutrients business research by Fact.MR, a market research and competitive intelligence provider, historically, from 2017 to 2021, market value increased at around 2.3% CAGR, wherein, the United States, Russia, China, and India held significant share in the global market.
Increasing concerns of farmers for high-end production of crops to feed the growing population has led to the adoption of agricultural micronutrients. These micronutrients enhance the minerals in the soil and allow the crops to produce higher yield. Such a benefit has led to increase in demand, with the market anticipated to project a moderate CAGR of 3.6% over the coming 10 years.
- Fact.MR estimates that agricultural micronutrient sales are set to swell 1.4X from 2022 to 2032, reaching nearly US$ 7 Billion in 2032
- Owing to the extensive utilization of micronutrients in the agricultural sector, product prices are expected to grow at a stable pace with minimum anticipated bubbles over the coming years.
- Demand for iron-based agricultural micronutrients will accelerate at the highest pace over the medium term.
- Tier-1 manufacturers of agricultural micronutrients held 35% market share in 2021.
Which are Some Prominent Drivers of Agricultural Micronutrients?
High yield of food crops driving growth for agricultural micronutrients
Micronutrients are necessary for plant growth, and lack of micronutrients leads to lower or limited agricultural output and poor crop quality. Micronutrients are essential for long-term crop production, and when combined with appropriate fertilization, boost crops productivity.
The global agricultural micronutrients industry is being driven by increase in demand for high yield of food crops in an environment where arable land is becoming scarce. The appropriate and balanced application of soil treatment chemicals is likely to help mitigate the effect of agricultural area and rise in food demand.
Global need for agricultural micronutrients is being driven by the adoption of high-yielding crop varieties and intensive farming practices.
Soil Micronutrient Deficiency Driving Demand for Agricultural Micronutrients
Micronutrient deficiency happens all over the world, but it varies depending on the atmosphere, soil conditions, rainfall, and other environmental factors. Increase in the rate of soil micronutrient deficiencies is a major factor driving global demand for agricultural micronutrients.
Activities such as soil erosion due to farming without sufficient fertilization cause micronutrient deficiency. Excess phosphate fertilization also contributes to micronutrient scarcity. The supply of zinc, iron, and copper for crops is hampered by phosphate. Micronutrient deficiency is expected to increase over the coming years and pave the way for business growth.
What are the Challenges Faced by the Agricultural Micronutrients?
Demand for organic crops restraining market growth of agricultural micronutrients
People belonging to the developed regions are exhibiting inclination towards organically sourced crops. Thus, the demand for food grown at a safer space is creating demand for organic fertilizers and in turn affecting the sales of agricultural micronutrients. On the other hand, lack of awareness regarding the benefits of agricultural micronutrients in developing region is affecting the overall growth of the market.
Comparative View of Agricultural Micronutrients Markets
Agricultural Micronutrients Market :
|
Attributes |
Agricultural Micronutrients Market |
|
CAGR (2022-2032) |
3.6% |
|
Market Value (2032) |
US$ 7 Billion |
|
Growth Factor |
Growing population across the globe along with increasing demand for nutrition-rich food is bolstering the demand for agricultural micronutrients. |
|
Opportunity |
Development of micronutrients based on soil and crop type is creating lucrative opportunities for agricultural micronutrients. |
Agricultural Films Market :
|
Attributes |
Agricultural Films Market |
|
CAGR (2022-2032) |
5.7% |
|
Market Value (2032) |
US$ 18.8 Billion |
|
Growth Factor |
Use of biodegradable & recycled material will enhance market growth of agricultural films. |
|
Opportunity |
Manufacturers are investing in R&D to develop innovative and eco-friendly solutions to cater to the varied needs of customers. This, in turn, is fueling the growth of agricultural films market. |
Agricultural Tractors Market :
|
Attributes |
Agricultural Tractors Market |
|
CAGR (2022-2032) |
6% |
|
Market Value (2032) |
US$ 113 Million |
|
Growth Factor |
A rapidly expanding population and consequent requirement of food has led to an increase in the proportion of food crops cultivation, impelling demand for agricultural tractors in the recent past. |
|
Opportunity |
Demand and supply chain of food is getting affected at a large scale, farmers are depending on options that make crop cultivation easy. Thus, the demand for agricultural tractors has increased. |
Which Region Offers the Largest Opportunity for Sales of Agricultural Micronutrients?
Asia Pacific accounts for more than 40% of global agricultural micronutrient demand. Such a huge market share is due to the fact that most countries in the region have major employment from agriculture and produce near about 50% of global agricultural products.
Micronutrient deprivation is considered a serious nutritional concern in arable crops. The need for agricultural micronutrients in Asia Pacific is being driven by increase in food grain demand and rise in micronutrient deprivation across the region. Micronutrients such as iron, boron, and zinc are in short supply in India and China. Because of their low soil micronutrient status, emerging countries have increased their intake of agricultural micronutrients.
Continuous erosion of soil micronutrients due to floods and droughts, application of fertilizers containing lower quantities of micronutrients, increased cultivation of high yield crops, and shrinking arable land are all factors that are likely to increase agricultural micronutrient consumption in developing countries in the near future.
The Asia Pacific market is anticipated to grow 1.5X, projecting a CAGR of more than 4% during 2022-2032.
Country Wise Analysis
Why is China a Prominent Market for Agricultural Micronutrients?
Higher population increasing demand for agricultural micronutrients in China
China is one of the prime agricultural economies with the sector accounting for 37.8% of its total economy. The country holds more than 20% of the Asia Pacific agricultural micronutrient sales pie. This is due to deficiency of minerals in arable land in China, leading to high adoption of such micronutrients.
The country has the highest population in the world, and to feed this population, higher yield is required. Owing to these factors, China is considered as one of the key regional markets for agricultural micronutrients.
How is Demand for Agricultural Micronutrients Shaping Up across Egypt?
Higher cultivation of wheat fueling growth of agricultural micronutrients
Farming soil should be capable of bearing high yield crops, for which, it should have essential minerals such as boron, zinc, iron, etc.
Higher production over cultivation of crops is practised in Egypt, and this has led to deficiency of these minerals in the soil. As a solution, local farmers are adopting agricultural micronutrients and are extensively investing in them. This has led to significant demand in the country.
Owing to these factors, over the next 10 years, sales of agricultural micronutrients are anticipated to increase 1.5X in Egypt.
Country-wise Forecast CAGRs for the Agricultural Micronutrients Industry
| Country | CAGR |
|
China |
3% |
|
India |
3% |
|
Egypt |
1.5% |
Category Wise Analysis
Why is Zinc Bio-fortification of Wheat Gaining Immense Popularity?
Zinc bio-fortification treating zinc deficiency in humans along with adding nutrients to crops
Zinc bio-fortification is gaining popularity as a viable alternative for treating zinc deficiency in humans. This helps to understand why demand for agricultural micronutrients is expected to increase at a healthy CAGR of 3.6% over the forecast period.
However, declining soil, underground water table, and new micronutrient deficiencies are blamed on paddy-wheat crop rotation. As wheat is genotype-dependent and interacts with the environment, zinc bio-fortification is emerging as a solution to address these challenges.
To boost cereal-based nutrition, zinc is added as a foliar and injected into the soil. Farmers and producers are being encouraged by companies in the agricultural micronutrients sector to allow bio-fortification of micronutrients at unique and essential growth stages of wheat, which helps increase yield.
Growing inclination of farmer towards zinc-based micronutrients and many other benefits pertaining to them have led to increased demand, owing to which, its market is expected to project a CAGR of 3.6% through 2032.
How are an Increase in Iron Levels of Mung Beans Generating High Economic Returns for Agricultural Micronutrient Producers?
Agricultural micronutrients supporting the growth of cereals and grains
Iron application has been linked to high yield, economic returns, and iron concentration in mung beans. Bio-fortification is a common trend in the agricultural micronutrients sector, and it aids in the integration of nutrients into food crops. This method is gaining popularity as a cost-effective and sustainable way to boost mineral concentration in staple crops such as mung beans.
Increased iron levels in mung beans is bringing in more money for farmers and improving agricultural micronutrient manufacturers' reputations. Manufacturers are increasing their iron compound manufacturing capabilities as women and pre-school children are the most vulnerable to micronutrient malnutrition. Thus, cereal and grains are expected to possess 45% market share for agricultural micronutrients in the market.
Start Ups in the Agricultural Micronutrients Market
Key players in the agricultural micronutrients are SOSBio, Fertoz, and Ficosterra
- SOSBio, a key start-up player in agricultural micronutrients market is offering micronutrients made of organic matter, essential nutrients and microelements.
- Fertoz, another key start-up player is manufacturing micronutrients by using phosphorous based fertilizers in granular, powered and micronized forms.
Market Competition
Most companies discussed in the study have focused on expansion, investments, acquisitions, delivery focus, portfolio expansion, and brand development.
Some of the key developments are :
- Rocket Seeds Moly Shine, a special seed finisher with the added value of micronutrients, was introduced by Compass Minerals in December 2019. Soybeans and legumes are great candidates for this product.
- AkzoNobel Specialty Chemicals in collaboration with INEOS Nitriles had announced in April 2018 to increase development of biodegradable chelates and micronutrients.
Similarly, recent developments related to companies manufacturing agricultural micronutrients have been tracked by the team at Fact.MR, which are available in the full report.
Key Segments Profiled in the Industry Survey
-
By Nutrient :
- Boron
- Manganese
- Zinc
- Copper
- Others
-
By Crop :
- Cereals & Grains
- Fruits & Vegetables
- Oilseeds & Pulses
- Others
-
By Application :
- Soil
- Fertigation
- Foliar
- Seed Treatment
- Others
-
By Region :
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East & Africa
Table of Content
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Summary of Statistics 1.5. Summary of Key Findings 1.6. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage 2.2. Market Definition 3. Market Risks and Trends Assessment 3.1. Risk Assessment 3.1.1. COVID-19 Crisis and Impact on Global Agricultural Micronutrients Market 3.1.2. COVID-19 Impact Benchmark with Previous Crisis 3.1.2.1. Change in Demand and Consumption Growth 3.1.2.2. Before and After COVID-19 Crisis (Projected) 3.1.2.3. Before and after SARS Pandemic (Actual) 3.1.2.4. Before and After Sub-prime Crisis 3.1.2.5. Change in Demand post Recovery Period (After Each Crisis) 3.1.3. Impact on Market Volume (Tons) and Value (US$ Mn) 3.1.3.1. Likely Loss of Value in 2021 3.1.3.2. Mid-term and Long Term Forecast 3.1.3.3. Quarter By Quarter Dip and Recovery Assessment 3.1.4. Recovery Assessment By Key Market Segments 3.1.5. Action Points and Recommendation for Suppliers 3.2. Key Trends Impacting the Market 3.3. Product Innovation / Development Trends 4. Market Background and Foundation Data Points 4.1. Types of Agricultural Micronutrients 4.2. Evolution & Transition: Global Agricultural Micronutrients 4.3. Regions Having Promising Potential for Global Agricultural Micronutrients Market 4.4. Rate of Utilization of Fertilizer Per Yard of Cultivable Land 4.5. Global Agricultural Industry Outlook 4.6. Global Agricultural Chemicals Market Overview 4.7. Macro-Economic Factors 4.7.1. Global GDP Growth Outlook 4.7.2. Industrialization Growth 4.7.3. Others 4.8. Forecast Factors - Relevance & Impact 4.8.1. Top Companies Historical Growth 4.8.2. End-Use Industry Growth 4.8.3. Planned Expansions 4.8.4. Impact of COVID-19 in Short Term Forecast 4.8.5. Others 4.9. Market Dynamics 4.9.1. Drivers 4.9.2. Restraints 4.9.3. Opportunity Analysis 4.10. Scenario Forecast (Demand in optimistic, likely, and conservative market conditions) 4.11. Investment feasibility Analysis 4.12. Policy and Regulatory Landscape 4.13. PATENT Analysis 4.14. Global Agricultural Micronutrients Value Chain Analysis 4.14.1. Operating Margins (at each node of value chain) 4.14.2. Key Manufacturers 4.14.3. Key Distributor/Retailers 4.14.4. Key Buying Industries 5. Key Success Factors 5.1. Expanding Portfolio of Agricultural Micronutrients 5.2. Collaborating with Key Consumers to Secure Long-Run Revenues 5.3. Bundled Product Offerings on the basis of End Use Industry 5.4. Strengthening Presence through Channel Partner in Non-Conventional Markets 5.5. Others (Discussed in Report) 6. Global Agricultural Micronutrients Market Demand Analysis 2017-2021 and Forecast, 2022 - 2032 6.1. Historical Market Volume (Tons) Analysis, 2017-2021 6.2. Current and Future Market Volume (Tons) Projections, 2022 - 2032 6.3. Y-o-Y Growth Trend Analysis 7. Global Agricultural Micronutrients Market - Pricing Analysis 7.1. Regional Pricing Analysis By Nutrient Type 7.2. Pricing Break-up 7.2.1. Manufacturer Level Pricing 7.2.2. Distributor Level Pricing 7.3. Global Average Pricing Analysis Benchmark 8. Global Agricultural Micronutrients Market Demand (US$ Mn) Analysis 2017-2021 and Forecast, 2022 - 2032 8.1. Historical Market Value (US$ Mn) Analysis, 2017-2021 8.2. Current and Future Market Value (US$ Mn) Projections, 2022 - 2032 8.2.1. Y-o-Y Growth Trend Analysis 8.2.2. Absolute $ Opportunity Analysis 9. Global Agricultural Micronutrients Market Analysis 2017-2021 and Forecast 2022 - 2032, By Nutrient Type 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ Mn) and Volume (Tons) By Nutrient Type, 2017-2021 9.3. Current and Future Market Size (US$ Mn) and Volume (Tons) Forecast By Nutrient Type, 2022 - 2032 9.3.1. Boron 9.3.2. Iron 9.3.3. Manganese 9.3.4. Zinc 9.3.5. Copper 9.3.6. Others 9.4. Market Attractiveness Analysis By Nutrient Type 10. Global Agricultural Micronutrients Market Analysis 2017-2021 and Forecast 2022 - 2032, By Crop Type 10.1. Introduction / Key Findings 10.2. Historical Market Size (US$ Mn) and Volume (Tons) By Crop Type, 2017-2021 10.3. Current and Future Market Size (US$ Mn) and Volume (Tons) Forecast By Crop Type, 2022 - 2032 10.3.1. Cereals & Grains 10.3.2. Fruits & Vegetables 10.3.3. Oilseeds & Pulses 10.3.4. Others 10.4. Market Attractiveness Analysis By Crop Type 11. Global Agricultural Micronutrients Market Analysis 2017-2021 and Forecast 2022 - 2032, By Application 11.1. Introduction / Key Findings 11.2. Historical Market Size (US$ Mn) and Volume (Tons) By Application, 2017-2021 11.3. Current and Future Market Size (US$ Mn) and Volume (Tons) Forecast By Application, 2022 - 2032 11.3.1. Soil 11.3.2. Fertigation 11.3.3. Foliar 11.3.4. Seed Treatment 11.3.5. Others 11.4. Market Attractiveness Analysis By Application 12. Global Agricultural Micronutrients Market Analysis 2017-2021 and Forecast 2022 - 2032, By Region 12.1. Introduction 12.2. Historical Market Size (US$ Mn) and Volume (Tons) By Region, 2017-2021 12.3. Current Market Size (US$ Mn) and Volume (Tons) and Forecast By Region, 2022 - 2032 12.3.1. North America 12.3.2. Latin America 12.3.3. Europe 12.3.4. Asia Pacific 12.3.5. Middle East & Africa 12.4. Market Attractiveness Analysis By Region 13. North America Agricultural Micronutrients Market Analysis 2017-2021 and Forecast 2022 - 2032 13.1. Introduction 13.2. Pricing Analysis 13.3. Historical Market Size (US$ Mn) and Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021 13.4. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Taxonomy, 2022 - 2032 13.4.1. By Country 13.4.1.1. U.S. 13.4.1.2. Canada 13.4.2. By Nutrient Type 13.4.3. By Crop Type 13.4.4. By Application 13.5. Market Attractiveness Analysis 13.5.1. By Country 13.5.2. By Nutrient Type 13.5.3. By Crop Type 13.5.4. By Application 13.6. Market Trends 13.7. Key Market Participants - Intensity Mapping 13.8. Drivers and Restraints - Impact Analysis 14. Latin America Agricultural Micronutrients Market Analysis 2017-2021 and Forecast 2022 - 2032 14.1. Introduction 14.2. Pricing Analysis 14.3. Historical Market Size (US$ Mn) and Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021 14.4. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Taxonomy, 2022 - 2032 14.4.1. By Country 14.4.1.1. Brazil 14.4.1.2. Mexico 14.4.1.3. Rest of Latin America 14.4.2. By Nutrient Type 14.4.3. By Crop Type 14.4.4. By Application 14.5. Market Attractiveness Analysis 14.5.1. By Country 14.5.2. By Nutrient Type 14.5.3. By Crop Type 14.5.4. By Application 14.6. Market Trends 14.7. Key Market Participants - Intensity Mapping Drivers and Restraints - Impact Analysis 15. Europe Agricultural Micronutrients Market Analysis 2017-2021 and Forecast 2022 - 2032 15.1. Introduction 15.2. Pricing Analysis 15.3. Historical Market Size (US$ Mn) and Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021 15.4. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Taxonomy, 2022 - 2032 15.4.1. By Country 15.4.1.1. Germany 15.4.1.2. Italy 15.4.1.3. France 15.4.1.4. U.K. 15.4.1.5. Russia 15.4.1.6. Rest of Europe 15.4.2. By Nutrient Type 15.4.3. By Crop Type 15.4.4. By Application 15.5. Market Attractiveness Analysis 15.5.1. By Country 15.5.2. By Nutrient Type 15.5.3. By Crop Type 15.5.4. By Application 15.6. Market Trends 15.7. Key Market Participants - Intensity Mapping 15.8. Drivers and Restraints - Impact Analysis 16. Asia Pacific Agricultural Micronutrients Market Analysis 2017-2021 and Forecast 2022 - 2032 16.1. Introduction 16.2. Pricing Analysis 16.3. Historical Market Size (US$ Mn) and Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021 16.4. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Taxonomy, 2022 - 2032 16.4.1. By Country 16.4.1.1. China 16.4.1.2. Japan 16.4.1.3. ASEAN 16.4.1.4. India 16.4.1.5. Rest of Asia Pacific 16.4.2. By Nutrient Type 16.4.3. By Crop Type 16.4.4. By Application 16.5. Market Attractiveness Analysis 16.5.1. By Country 16.5.2. By Nutrient Type 16.5.3. By Crop Type 16.5.4. By Application 16.6. Market Trends 16.7. Key Market Participants - Intensity Mapping 16.8. Drivers and Restraints - Impact Analysis 17. Middle East and Africa Agricultural Micronutrients Market Analysis 2017-2021 and Forecast 2022 - 2032 17.1. Introduction 17.2. Pricing Analysis 17.3. Historical Market Size (US$ Mn) and Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021 17.4. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Taxonomy, 2022 - 2032 17.4.1. By Country 17.4.1.1. GCC Countries 17.4.1.2. South Africa 17.4.1.3. Rest of Middle East and Africa 17.4.2. By Nutrient Type 17.4.3. By Crop Type 17.4.4. By Application 17.5. Market Attractiveness Analysis 17.5.1. By Country 17.5.2. By Nutrient Type 17.5.3. By Crop Type 17.5.4. By Application 17.6. Market Trends 17.7. Key Market Participants - Intensity Mapping 17.8. Drivers and Restraints - Impact Analysis 18. Key Countries Agricultural Micronutrients Market Analysis 2017 - 2021 and Forecast 2022 - 2032 18.1. Introduction 18.1.1. Market Value Proportion Analysis, By Key Countries 18.1.2. Global Vs. Country Growth Comparison 18.2. US Agricultural Micronutrients Market Analysis 18.2.1. Value Proportion Analysis by Market Taxonomy 18.2.2. Volume, Value Analysis and Forecast by Market Taxonomy, 2017 - 2032 18.2.2.1. By Crop Type 18.2.2.2. By Nutrient Type 18.2.2.3. By Application 18.2.3. Competition Landscape and Player Concentration in the Country 18.3. Canada Agricultural Micronutrients Market Analysis 18.3.1. Value Proportion Analysis by Market Taxonomy 18.3.2. Volume, Value Analysis and Forecast by Market Taxonomy, 2017 - 2032 18.3.2.1. By Crop Type 18.3.2.2. By Nutrient Type 18.3.2.3. By Application 18.3.3. Competition Landscape and Player Concentration in the Country 18.4. Germany Agricultural Micronutrients Market Analysis 18.4.1. Value Proportion Analysis by Market Taxonomy 18.4.2. Volume, Value Analysis and Forecast by Market Taxonomy, 2017 - 2032 18.4.2.1. By Crop Type 18.4.2.2. By Nutrient Type 18.4.2.3. By Application 18.4.3. Competition Landscape and Player Concentration in the Country 18.5. France Agricultural Micronutrients Market Analysis 18.5.1. Value Proportion Analysis by Market Taxonomy 18.5.2. Volume, Value Analysis and Forecast by Market Taxonomy, 2017 - 2032 18.5.2.1. By Crop Type 18.5.2.2. By Nutrient Type 18.5.2.3. By Application 18.5.3. Competition Landscape and Player Concentration in the Country 18.6. Italy Agricultural Micronutrients Market Analysis 18.6.1. Value Proportion Analysis by Market Taxonomy 18.6.2. Volume, Value Analysis and Forecast by Market Taxonomy, 2017 - 2032 18.6.2.1. By Crop Type 18.6.2.2. By Nutrient Type 18.6.2.3. By Application 18.6.3. Competition Landscape and Player Concentration in the Country 18.7. France Agricultural Micronutrients Market Analysis 18.7.1. Value Proportion Analysis by Market Taxonomy 18.7.2. Volume, Value Analysis and Forecast by Market Taxonomy, 2017 - 2032 18.7.2.1. By Crop Type 18.7.2.2. By Nutrient Type 18.7.2.3. By Application 18.7.3. Competition Landscape and Player Concentration in the Country 18.8. China Agricultural Micronutrients Market Analysis 18.8.1. Value Proportion Analysis by Market Taxonomy 18.8.2. Volume, Value Analysis and Forecast by Market Taxonomy, 2017 - 2032 18.8.2.1. By Crop Type 18.8.2.2. By Nutrient Type 18.8.2.3. By Application 18.8.3. Competition Landscape and Player Concentration in the Country 18.9. India Agricultural Micronutrients Market Analysis 18.9.1. Value Proportion Analysis by Market Taxonomy 18.9.2. Volume, Value Analysis and Forecast by Market Taxonomy, 2017 - 2032 18.9.2.1. By Crop Type 18.9.2.2. By Nutrient Type 18.9.2.3. By Application 18.9.3. Competition Landscape and Player Concentration in the Country 18.10. Brazil Agricultural Micronutrients Market Analysis 18.10.1. Value Proportion Analysis by Market Taxonomy 18.10.2. Volume, Value Analysis and Forecast by Market Taxonomy, 2017 - 2032 18.10.2.1. By Crop Type 18.10.2.2. By Nutrient Type 18.10.2.3. By Application 18.10.3. Competition Landscape and Player Concentration in the Country 18.11. Japan Agricultural Micronutrients Market Analysis 18.11.1. Value Proportion Analysis by Market Taxonomy 18.11.2. Volume, Value Analysis and Forecast by Market Taxonomy, 2017 - 2032 18.11.2.1. By Crop Type 18.11.2.2. By Nutrient Type 18.11.2.3. By Application 18.11.3. Competition Landscape and Player Concentration in the Country 19. Market Structure Analysis 19.1. Market Analysis By Tier of Companies 19.2. Market Concentration 19.3. Market Share Analysis of Top Players 19.4. Market Presence Analysis 20. Competition Analysis 20.1. Competition Dashboard 20.2. Pricing Analysis By Competition 20.3. Competition Benchmarking 20.4. Competition Deep Dive 20.4.1. BASF SE 20.4.1.1. Overview 20.4.1.2. Product Portfolio 20.4.1.3. Sales Footprint 20.4.1.4. Strategy Overview. 20.4.2. BMS Micro-Nutrients 20.4.2.1. Overview 20.4.2.2. Product Portfolio 20.4.2.3. Sales Footprint 20.4.2.4. Strategy Overview. 20.4.3. Compass Minerals 20.4.3.1. Overview 20.4.3.2. Product Portfolio 20.4.3.3. Sales Footprint 20.4.3.4. Strategy Overview. 20.4.4. Coromandel International 20.4.4.1. Overview 20.4.4.2. Product Portfolio 20.4.4.3. Sales Footprint 20.4.4.4. Strategy Overview. 20.4.5. Deepak Fertilizers 20.4.5.1. Overview 20.4.5.2. Product Portfolio 20.4.5.3. Sales Footprint 20.4.5.4. Strategy Overview. 20.4.6. Haifa Group 20.4.6.1. Overview 20.4.6.2. Product Portfolio 20.4.6.3. Sales Footprint 20.4.6.4. Strategy Overview. 20.4.7. Helena Agri-Enterprises, LLC 20.4.7.1. Overview 20.4.7.2. Product Portfolio 20.4.7.3. Sales Footprint 20.4.7.4. Strategy Overview. 20.4.8. Nouryon 20.4.8.1. Overview 20.4.8.2. Product Portfolio 20.4.8.3. Sales Footprint 20.4.8.4. Strategy Overview. 20.4.9. Nufarm 20.4.9.1. Overview 20.4.9.2. Product Portfolio 20.4.9.3. Sales Footprint 20.4.9.4. Strategy Overview. 20.4.10. Nutrien Ltd. 20.4.10.1. Overview 20.4.10.2. Product Portfolio 20.4.10.3. Sales Footprint 20.4.10.4. Strategy Overview. 20.4.11. Petrochemicals Ltd 20.4.11.1. Overview 20.4.11.2. Product Portfolio 20.4.11.3. Sales Footprint 20.4.11.4. Strategy Overview. 20.4.12. SThe Mosaic Company 20.4.12.1. Overview 20.4.12.2. Product Portfolio 20.4.12.3. Sales Footprint 20.4.12.4. Strategy Overview. 20.4.13. Valagro S.p.A. 20.4.13.1. Overview 20.4.13.2. Product Portfolio 20.4.13.3. Sales Footprint 20.4.13.4. Strategy Overview. 20.4.14. Yara International 20.4.14.1. Overview 20.4.14.2. Product Portfolio 20.4.14.3. Sales Footprint 20.4.14.4. Strategy Overview. 21. Assumptions and Acronyms Used 22. Research Methodology
Don't Need a Global Report?
save 40%! on Country & Region specific reports
List Of Table
Table 01: Global Agricultural Micronutrients Market Value (US$ Mn) and Volume (Tons) Analysis, By Nutrient Type, 2017-2021
Table 02: Global Agricultural Micronutrients Market Value (US$ Mn) and Volume (Tons) Analysis, By Nutrient Type, 2022 - 2032
Table 03: Global Agricultural Micronutrients Market Value (US$ Mn) and Volume (Tons) Analysis, By Crop Type, 2017-2021
Table 04: Global Agricultural Micronutrients Market Value (US$ Mn) and Volume (Tons) Analysis, By Crop Type, 2022 - 2032
Table 05: Global Agricultural Micronutrients Market Value (US$ Mn) and Volume (Tons) Analysis, By Application, 2017-2021
Table 06: Global Agricultural Micronutrients Market Value (US$ Mn) and Volume (Tons) Analysis, By Application, 2022 - 2032
Table 07: Global Agricultural Micronutrients Value (US$ Mn) and Volume (Tons) Analysis, by Region, 2017-2021
Table 08: Global Agricultural Micronutrients Market Value (US$ Mn) and Volume (Tons) Analysis, By Region, 2022 - 2032
Table 09: North America Agricultural Micronutrients Market Value (US$ Mn) and Volume (Tons) Analysis, By Country, 2017-2021
Table 10: North America Agricultural Micronutrients Market Value (US$ Mn) and Volume (Tons) Analysis, By Country, 2022 - 2032
Table 11: North America Agricultural Micronutrients Market Value (US$ Mn) and Volume (Tons) Analysis, By Nutrient Type, 2017-2021
Table 12: North America Agricultural Micronutrients Market Value (US$ Mn) and Volume (Tons) Analysis, By Nutrient Type, 2022 - 2032
Table 13: North America Agricultural Micronutrients Market Value (US$ Mn) and Volume (Tons) Analysis, By Crop Type, 2017-2021
Table 14: North America Agricultural Micronutrients Market Value (US$ Mn) and Volume (Tons) Analysis, By Crop Type, 2022 - 2032
Table 15: North America Agricultural Micronutrients Market Value (US$ Mn) and Volume (Tons) Analysis, By Application, 2017-2021
Table 16: North America Agricultural Micronutrients Market Value (US$ Mn) and Volume (Tons) Analysis, By Application, 2022 - 2032
Table 17: Latin America Agricultural Micronutrients Market Value (US$ Mn) and Volume (Tons) Analysis, By Country, 2017-2021
Table 18: Latin America Agricultural Micronutrients Market Value (US$ Mn) and Volume (Tons) Analysis, By Country, 2022 - 2032
Table 19: Latin America Agricultural Micronutrients Market Value (US$ Mn) and Volume (Tons) Analysis, By Nutrient Type, 2017-2021
Table 20: Latin America Agricultural Micronutrients Market Value (US$ Mn) and Volume (Tons) Analysis, By Nutrient Type, 2022 - 2032
Table 21: Latin America Agricultural Micronutrients Market Value (US$ Mn) and Volume (Tons) Analysis, By Crop Type, 2017-2021
Table 22: Latin America Agricultural Micronutrients Market Value (US$ Mn) and Volume (Tons) Analysis, By Crop Type, 2022 - 2032
Table 23: Latin America Agricultural Micronutrients Market Value (US$ Mn) and Volume (Tons) Analysis, By Application, 2017-2021
Table 24: Latin America Agricultural Micronutrients Market Value (US$ Mn) and Volume (Tons) Analysis, By Application, 2022 - 2032
Table 25: Europe Agricultural Micronutrients Market Value (US$ Mn) and Volume (Tons) Analysis, By Country, 2017-2021
Table 26: Europe Agricultural Micronutrients Market Value (US$ Mn) and Volume (Tons) Analysis, By Country, 2022 - 2032
Table 27: Europe Agricultural Micronutrients Market Value (US$ Mn) and Volume (Tons) Analysis, By Nutrient Type, 2017-2021
Table 28: Europe Agricultural Micronutrients Market Value (US$ Mn) and Volume (Tons) Analysis, By Nutrient Type, 2022 - 2032
Table 29: Europe Agricultural Micronutrients Market Value (US$ Mn) and Volume (Tons) Analysis, By Crop Type, 2017-2021
Table 30: Europe Agricultural Micronutrients Market Value (US$ Mn) and Volume (Tons) Analysis, By Crop Type, 2022 - 2032
Table 31: Europe Agricultural Micronutrients Market Value (US$ Mn) and Volume (Tons) Analysis, By Application, 2017-2021
Table 32: Europe Agricultural Micronutrients Market Value (US$ Mn) and Volume (Tons) Analysis, By Application, 2022 - 2032
Table 33: Asia Pacific Agricultural Micronutrients Market Value (US$ Mn) and Volume (Tons) Analysis, By Country, 2017-2021
Table 34: Asia Pacific Agricultural Micronutrients Market Value (US$ Mn) and Volume (Tons) Analysis, By Country, 2022 - 2032
Table 35: Asia Pacific Agricultural Micronutrients Market Value (US$ Mn) and Volume (Tons) Analysis, By Nutrient Type, 2017-2021
Table 36: Asia Pacific Agricultural Micronutrients Market Value (US$ Mn) and Volume (Tons) Analysis, By Nutrient Type, 2022 - 2032
Table 37: Asia Pacific Agricultural Micronutrients Market Value (US$ Mn) and Volume (Tons) Analysis, By Crop Type, 2017-2021
Table 38: Asia Pacific Agricultural Micronutrients Market Value (US$ Mn) and Volume (Tons) Analysis, By Crop Type, 2022 - 2032
Table 39: Asia Pacific Agricultural Micronutrients Market Value (US$ Mn) and Volume (Tons) Analysis, By Application, 2017-2021
Table 40: Asia Pacific Agricultural Micronutrients Market Value (US$ Mn) and Volume (Tons) Analysis, By Application, 2022 - 2032
Table 41: MEA Agricultural Micronutrients Market Value (US$ Mn) and Volume (Tons) Analysis, By Country, 2017-2021
Table 42: MEA Agricultural Micronutrients Market Value (US$ Mn) and Volume (Tons) Analysis, By Country, 2022 - 2032
Table 43: MEA Agricultural Micronutrients Market Value (US$ Mn) and Volume (Tons) Analysis, By Nutrient Type, 2017-2021
Table 44: MEA Agricultural Micronutrients Market Value (US$ Mn) and Volume (Tons) Analysis, By Nutrient Type, 2022 - 2032
Table 45: MEA Agricultural Micronutrients Market Value (US$ Mn) and Volume (Tons) Analysis, By Crop Type, 2017-2021
Table 46: MEA Agricultural Micronutrients Market Value (US$ Mn) and Volume (Tons) Analysis, By Crop Type, 2022 - 2032
Table 47: MEA Agricultural Micronutrients Market Value (US$ Mn) and Volume (Tons) Analysis, By Application, 2017-2021
Table 48: MEA Agricultural Micronutrients Market Value (US$ Mn) and Volume (Tons) Analysis, By Application, 2022 - 2032
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
List Of Figures
Figure No 01: Global Agricultural Micronutrients Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2017-2032
Figure No 02: Global Agricultural Micronutrients Market Value (US$ Mn) Scenario Forecast, 2022 & 2032
Figure No 03: Global Agricultural Micronutrients Pricing Analysis – By Nutrient Type (US$/Kg)
Figure No 04: Global Agricultural Micronutrients Pricing Analysis – By Region (US$/Kg)
Figure No 05: Global Agricultural Micronutrients Market Value (US$ Mn), Volume (Tons) Analysis, 2017-2032
Figure No 06: Global Agricultural Micronutrients Market Value Y-o-Y Growth and Forecast, 2017-2032
Figure No 07: Global Agricultural Micronutrients Market Incremental $ Opportunity, 2020-2032
Figure No 08: Global Agricultural Micronutrients Market Share By Nutrient Type – 2022 & 2032
Figure No 09: Global Agricultural Micronutrients Market Y-o-Y Growth Projections By Nutrient Type, 2020-2032
Figure No 10: Global Agricultural Micronutrients Market Attractiveness Analysis By Nutrient Type, 2022 - 2032
Figure No 11: Global Agricultural Micronutrients Market Share By Crop Type – 2022 & 2032
Figure No 12: Global Agricultural Micronutrients Market Y-o-Y Growth Projections By Crop Type, 2022 - 2032
Figure No 13: Global Agricultural Micronutrients Market Attractiveness Analysis By Crop Type, 2022 - 2032
Figure No 14: Global Agricultural Micronutrients Market Share By Application – 2022 & 2032
Figure No 15: Global Agricultural Micronutrients Market Y-o-Y Growth Projections By Application, 2020-2032
Figure No 16: Global Agricultural Micronutrients Market Attractiveness Analysis By Application, 2022 - 2032
Figure No 17: Global Agricultural Micronutrients Market Share By Region – 2022 & 2032
Figure No 18: Global Agricultural Micronutrients Market Y-o-Y Growth Projections By Region, 2022 - 2032
Figure No 19: Global Agricultural Micronutrients Market Attractiveness Analysis By Region, 2022 - 2032
Figure No 20: North America Agricultural Micronutrients Market Analysis, 2017-2032
Figure No 21: North America Agricultural Micronutrients Market Share By Country – 2022 & 2032
Figure No 22: North America Agricultural Micronutrients Market Y-o-Y Growth Projections By Country, 2022 - 2032
Figure No 23: North America Agricultural Micronutrients Market Attractiveness Analysis By Country, 2022 - 2032
Figure No 24: North America Agricultural Micronutrients Market Value Share by Nutrient Type 2022 & 2032
Figure No 25: North America Agricultural Micronutrients Market Attractive Analysis by Nutrient Type 2022 & 2032
Figure No 26: North America Agricultural Micronutrients Market Value Share By Crop Type 2022 & 2032
Figure No 27: North America Agricultural Micronutrients Market Attractive Analysis By Crop Type 2022 & 2032
Figure No 28: North America Agricultural Micronutrients Market Value Share By Application 2022 & 2032
Figure No 29: North America Agricultural Micronutrients Market Attractive Analysis By Application 2022 & 2032
Figure No 30: Latin America Agricultural Micronutrients Market Analysis, 2017-2032
Figure No 31: Latin America Agricultural Micronutrients Market Share By Country – 2022 & 2032
Figure No 32: Latin America Agricultural Micronutrients Market Y-o-Y Growth Projections By Country, 2022 - 2032
Figure No 33: Latin America Agricultural Micronutrients Market Attractiveness Analysis By Country, 2022 - 2032
Figure No 34: Latin America Agricultural Micronutrients Market Value Share by Nutrient Type 2022 & 2032
Figure No 35: Latin America Agricultural Micronutrients Market Attractive Analysis by Nutrient Type 2022 & 2032
Figure No 36: Latin America Agricultural Micronutrients Market Value Share By Crop Type 2022 & 2032
Figure No 37: Latin America Agricultural Micronutrients Market Attractive Analysis By Crop Type 2022 & 2032
Figure No 38: Latin America Agricultural Micronutrients Market Value Share By Application 2022 & 2032
Figure No 39: Latin America Agricultural Micronutrients Market Attractive Analysis By Application 2022 & 2032
Figure No 40: Europe Agricultural Micronutrients Market Analysis, 2017 - 2032
Figure No 41: Europe Agricultural Micronutrients Market Share By Country – 2022 & 2032
Figure No 42: Europe Agricultural Micronutrients Market Y-o-Y Growth Projections By Country, 2022 - 2032
Figure No 43: Europe Agricultural Micronutrients Market Attractiveness Analysis By Country, 2022 - 2032
Figure No 44: Europe Agricultural Micronutrients Market Value Share by Nutrient Type 2022 & 2032
Figure No 45: Europe Agricultural Micronutrients Market Attractive Analysis by Nutrient Type 2022 & 2032
Figure No 46: Europe Agricultural Micronutrients Market Value Share By Crop Type 2022 & 2032
Figure No 47: Europe Agricultural Micronutrients Market Attractive Analysis By Crop Type 2022 & 2032
Figure No 48: Europe Agricultural Micronutrients Market Value Share By Application 2022 & 2032
Figure No 49: Europe Agricultural Micronutrients Market Attractive Analysis By Application 2022 & 2032
Figure No 50: Asia Pacific Agricultural Micronutrients Market Analysis, 2017-2032
Figure No 51: Asia Pacific Agricultural Micronutrients Market Share By Country – 2022 & 2032
Figure No 52: Asia Pacific Agricultural Micronutrients Market Y-o-Y Growth Projections By Country, 2022 - 2032
Figure No 53: Asia Pacific Agricultural Micronutrients Market Attractiveness Analysis By Country, 2022 - 2032
Figure No 54: Asia Pacific Agricultural Micronutrients Market Value Share by Nutrient Type 2022 & 2032
Figure No 55: Asia Pacific Agricultural Micronutrients Market Attractive Analysis by Nutrient Type 2022 & 2032
Figure No 56: Asia Pacific Agricultural Micronutrients Market Value Share By Crop Type 2022 & 2032
Figure No 57: Asia Pacific Agricultural Micronutrients Market Attractive Analysis By Crop Type 2022 & 2032
Figure No 58: Asia Pacific Agricultural Micronutrients Market Value Share By Application 2022 & 2032
Figure No 59: Asia Pacific Agricultural Micronutrients Market Attractive Analysis By Application 2022 & 2032
Figure No 60: MEA Agricultural Micronutrients Market Analysis, 2017-2032
Figure No 61: MEA Agricultural Micronutrients Market Share By Country – 2022 & 2032
Figure No 62: MEA Agricultural Micronutrients Market Y-o-Y Growth Projections By Country, 2022 - 2032
Figure No 63: MEA Agricultural Micronutrients Market Attractiveness Analysis By Country, 2022 - 2032
Figure No 64: MEA Agricultural Micronutrients Market Value Share by Nutrient Type 2022 & 2032
Figure No 65: MEA Agricultural Micronutrients Market Attractive Analysis by Nutrient Type 2022 & 2032
Figure No 66: MEA Agricultural Micronutrients Market Value Share By Crop Type 2022 & 2032
Figure No 67: MEA Agricultural Micronutrients Market Attractive Analysis By Crop Type 2022 & 2032
Figure No 68: MEA Agricultural Micronutrients Market Value Share By Application 2022 & 2032
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
At what percentage will the market for agricultural micronutrients rise until 2032?
Fact.MR expects agricultural micronutrients market revenue to flourish at a 3.6% CAGR from 2022-2032.
At what value is the agricultural micronutrients industry likely to close by 2022?
Fact.MR foresees agricultural micronutrients demand to reach US$ 4.9 Billion in 2022.
What is the expected market value for agricultural micronutrients in 2032?
In 2032, agricultural micronutrients market worth is poised to reach US$ 7 Billion.
How do growth prospects for agricultural micronutrients appear in the Asia Pacific?
Asia Pacific market is anticipated to grow 1.5X, projecting a CAGR of more than 4% during 2022-2032.
How do growth prospects for agricultural micronutrients appear in the China?
China is expected to register a CAGR of 3% for assessment period 2022-2032.
What are the growth prospects for China, India and Egypt?
China, India and Egypt will flourish at a CAGR of 7.5% combined until 2032.
Which type of nutrient is expected to hold the maximum share for agricultural micronutrients market?
Zinc expected to register a CAGR of 3.6% for agricultural micronutrients in the forecast period.
Which type of crop is expected to hold the maximum share for agricultural micronutrients market?
Cereal and grains are expected to possess 45% market share for agricultural micronutrients in the market.
What was the market worth for agricultural micronutrients in 2021?
As of 2021, the agricultural micronutrients market was worth US$ 4.74 Billion.
Agricultural Micronutrients Market