Agricultural Micronutrients Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region:

Description

The global agricultural micronutrients market is witnessing remarkable growth, fueled by a multitude of factors such as soil condition, rainfall, atmospheric changes, and deforestation levels. Deficiency of micronutrients in soil remains a key concern worldwide, with soil erosion being a major contributing factor. The continuous process of erosion following farming generates sustained demand for external micronutrients to nourish the soil. Fairfield Market Research, in its ongoing research, presents a detailed analysis of the global agricultural micronutrients market, shedding light on its performance in the coming years.

Government Support and Awareness Drive Market Growth

Governments around the world are prioritizing soil fortification with micronutrients to enhance water uptake, boost crop yield, and foster soil strength and quality. This strong government support plays a crucial role in market build-up. However, a significant challenge hindering market growth is the lack of adequate awareness regarding the importance of proper nutrient provision to crops and the availability and benefits of externally provided micronutrients. Insufficient knowledge about proper dosage and application methods further restricts the growth of the agricultural micronutrients market.

Zinc Bio-fortification Addresses Nutrient Deficiency in Humans

Bio-fortification of soil using zinc has gained popularity as it helps address zinc deficiency in humans who consume the bio-treated crops. Zinc injection into the soil or foliar application adds value to cereal-based nutrition. Micronutrient deficiencies, such as zinc deficiency, can lead to deteriorated soil quality and lower crop productivity, which is undesirable given the growing global population's demand for increased agricultural yield. Governments, especially in developing nations like India, have initiated zinc biofortification to boost human immunity, even considering the supply of bio-fortified grains to the underprivileged population to enhance nutrition security.

Asia Pacific Presents Opportunities for Market Players

Asia Pacific holds significant opportunities for agricultural micronutrients market players, driven by concerns related to food safety, security, nutrition, and immunity. China and India, as highly populous nations, are projected to be important markets for the faster penetration of agricultural micronutrients. The Indian government's mandate to fortify rice with agricultural micronutrients like iron, folic acid, and vitamin B12 under all Social Safety Net Schemes by the end of 2024 is gaining traction as an effective method against anaemia and other nutritional deficiency conditions. Cost efficiency will be a vital factor in shaping the market's performance in the region.

Key Market Players

Leading global companies competing in the agricultural micronutrients market include: Nufarm, BASF SE, AkzoNobel N.V., Compass Minerals, Haifa Group, Yara International, and BMS Micro-Nutrients.

1. Executive Summary

1.1. Global Agricultural Micronutrients Market Snapshot
1.2. Key Market Trends
1.3. Future Projections
1.4. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
  - 2.2.1.1. Driver A
  - 2.2.1.2. Driver B
  - 2.2.1.3. Driver C
- 2.2.2. Restraints
  - 2.2.2.1. Restraint 1
  - 2.2.2.2. Restraint 2
- 2.2.3. Market Opportunities Matrix
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. Covid-19 Impact Analysis
- 2.5.1. Pre-covid and Post-covid Scenario
- 2.5.2. Supply Impact
- 2.5.3. Demand Impact
2.6. Government Regulations
2.7. Technology Landscape
2.8. Packaging Market - Overview and Trends
2.9. Economic Analysis
2.10. PESTLE

3. Price Trends Analysis and Future Projects, 2018 - 2030

3.1. Key Highlights
3.2. Prominent Factors Affecting Prices
3.3. By Product
3.4. By Region

4. Global Agricultural Micronutrients Market Outlook, 2018 - 2030

4.1. Global Agricultural Micronutrients Market Outlook, by Product, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 4.1.1. Key Highlights
  - 4.1.1.1. Iron
  - 4.1.1.2. Zinc
  - 4.1.1.3. Boron
  - 4.1.1.4. Manganese
  - 4.1.1.5. Molybdenum
  - 4.1.1.6. Copper
  - 4.1.1.7. Misc.
4.2. Global Agricultural Micronutrients Market Outlook, by Mode of Application, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 4.2.1. Key Highlights
  - 4.2.1.1. Foliar
  - 4.2.1.2. Soil
  - 4.2.1.3. Fertigation
  - 4.2.1.4. Seed Treatment
  - 4.2.1.5. Misc.
4.3. Global Agricultural Micronutrients Market Outlook, by Form, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 4.3.1. Key Highlights
  - 4.3.1.1. Chelated
  - 4.3.1.2. Non-chelated
4.4. Global Agricultural Micronutrients Market Outlook, by Crop Type, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 4.4.1. Key Highlights
  - 4.4.1.1. Fruits & Vegetables
  - 4.4.1.2. Row Crops & Cereals
  - 4.4.1.3. Pulses & Oilseeds
  - 4.4.1.4. Turf & Ornamentals
  - 4.4.1.5. Misc.
- 4.4.2. BPS Analysis/Market Attractiveness Analysis
4.5. Global Agricultural Micronutrients Market Outlook, by Region, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 4.5.1. Key Highlights
  - 4.5.1.1. North America
  - 4.5.1.2. Europe
  - 4.5.1.3. Asia Pacific
  - 4.5.1.4. Latin America
  - 4.5.1.5. Middle East & Africa
- 4.5.2. BPS Analysis/Market Attractiveness Analysis

5. North America Agricultural Micronutrients Market Outlook, 2018 - 2030

5.1. North America Agricultural Micronutrients Market Outlook, by Product, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 5.1.1. Key Highlights
  - 5.1.1.1. Iron
  - 5.1.1.2. Zinc
  - 5.1.1.3. Boron
  - 5.1.1.4. Manganese
  - 5.1.1.5. Molybdenum
  - 5.1.1.6. Copper
  - 5.1.1.7. Misc.
5.2. North America Agricultural Micronutrients Market Outlook, by Mode of Application, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 5.2.1. Key Highlights
  - 5.2.1.1. Foliar
  - 5.2.1.2. Soil
  - 5.2.1.3. Fertigation
  - 5.2.1.4. Seed Treatment
  - 5.2.1.5. Misc.
5.3. North America Agricultural Micronutrients Market Outlook, by Form, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 5.3.1. Key Highlights
  - 5.3.1.1. Chelated
  - 5.3.1.2. Non-chelated
5.4. North America Agricultural Micronutrients Market Outlook, by Crop Type, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 5.4.1. Key Highlights
  - 5.4.1.1. Fruits & Vegetables
  - 5.4.1.2. Row Crops & Cereals
  - 5.4.1.3. Pulses & Oilseeds
  - 5.4.1.4. Turf & Ornamentals
  - 5.4.1.5. Misc.
5.5. North America Agricultural Micronutrients Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 5.5.1. Key Highlights
  - 5.5.1.1. U.S.
  - 5.5.1.2. Canada
- 5.5.2. BPS Analysis/Market Attractiveness Analysis

6. Europe Agricultural Micronutrients Market Outlook, 2018 - 2030

6.1. Europe Agricultural Micronutrients Market Outlook, by Product, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 6.1.1. Key Highlights

v6.1.1.1. Iron

6.1.1.2. Zinc
6.1.1.3. Boron
6.1.1.4. Manganese
6.1.1.5. Molybdenum
6.1.1.6. Copper
6.1.1.7. Misc.

6.2. Europe Agricultural Micronutrients Market Outlook, by Mode of Application, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 6.2.1. Key Highlights
  - 6.2.1.1. Foliar
  - 6.2.1.2. Soil
  - 6.2.1.3. Fertigation
  - 6.2.1.4. Seed Treatment
  - 6.2.1.5. Misc.
6.3. Europe Agricultural Micronutrients Market Outlook, by Form, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 6.3.1. Key Highlights
  - 6.3.1.1. Chelated
  - 6.3.1.2. Non-chelated
6.4. Europe Agricultural Micronutrients Market Outlook, by Crop Type, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 6.4.1. Key Highlights
  - 6.4.1.1. Fruits & Vegetables
  - 6.4.1.2. Row Crops & Cereals
  - 6.4.1.3. Pulses & Oilseeds
  - 6.4.1.4. Turf & Ornamentals
  - 6.4.1.5. Misc.
6.5. Europe Agricultural Micronutrients Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 6.5.1. Key Highlights
  - 6.5.1.1. Germany
  - 6.5.1.2. France
  - 6.5.1.3. U.K.
  - 6.5.1.4. Italy
  - 6.5.1.5. Spain
  - 6.5.1.6. Russia
  - 6.5.1.7. Rest of Europe
- 6.5.2. BPS Analysis/Market Attractiveness Analysis

7. Asia Pacific Agricultural Micronutrients Market Outlook, 2018 - 2030

7.1. Asia Pacific Agricultural Micronutrients Market Outlook, by Product, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 7.1.1. Key Highlights
  - 7.1.1.1. Iron
  - 7.1.1.2. Zinc
  - 7.1.1.3. Boron
  - 7.1.1.4. Manganese
  - 7.1.1.5. Molybdenum
  - 7.1.1.6. Copper
  - 7.1.1.7. Misc.
7.2. Asia Pacific Agricultural Micronutrients Market Outlook, by Mode of Application, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 7.2.1. Key Highlights
  - 7.2.1.1. Foliar
  - 7.2.1.2. Soil
  - 7.2.1.3. Fertigation
  - 7.2.1.4. Seed Treatment
  - 7.2.1.5. Misc.
7.3. Asia Pacific Agricultural Micronutrients Market Outlook, by Form, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 7.3.1. Key Highlights
  - 7.3.1.1. Chelated
  - 7.3.1.2. Non-chelated
7.4. Asia Pacific Agricultural Micronutrients Market Outlook, by Crop Type, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 7.4.1. Key Highlights
  - 7.4.1.1. Fruits & Vegetables
  - 7.4.1.2. Row Crops & Cereals
  - 7.4.1.3. Pulses & Oilseeds
  - 7.4.1.4. Turf & Ornamentals
  - 7.4.1.5. Misc.
7.5. Asia Pacific Agricultural Micronutrients Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 7.5.1. Key Highlights
  - 7.5.1.1. China
  - 7.5.1.2. Japan
  - 7.5.1.3. South Korea
  - 7.5.1.4. India
  - 7.5.1.5. Southeast Asia
  - 7.5.1.6. Rest of Asia Pacific
- 7.5.2. BPS Analysis/Market Attractiveness Analysis

8. Latin America Agricultural Micronutrients Market Outlook, 2018 - 2030

8.1. Latin America Agricultural Micronutrients Market Outlook, by Product, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 8.1.1. Key Highlights
  - 8.1.1.1. Iron
  - 8.1.1.2. Zinc
  - 8.1.1.3. Boron
  - 8.1.1.4. Manganese
  - 8.1.1.5. Molybdenum
  - 8.1.1.6. Copper
  - 8.1.1.7. Misc.
8.2. Latin America Agricultural Micronutrients Market Outlook, by Mode of Application, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 8.2.1. Key Highlights
  - 8.2.1.1. Foliar
  - 8.2.1.2. Soil
  - 8.2.1.3. Fertigation
  - 8.2.1.4. Seed Treatment
  - 8.2.1.5. Misc.
8.3. Latin America Agricultural Micronutrients Market Outlook, by Form, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 8.3.1. Key Highlights
  - 8.3.1.1. Chelated
  - 8.3.1.2. Non-chelated
8.4. Latin America Agricultural Micronutrients Market Outlook, by Crop Type, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 8.4.1. Key Highlights
  - 8.4.1.1. Fruits & Vegetables
  - 8.4.1.2. Row Crops & Cereals
  - 8.4.1.3. Pulses & Oilseeds
  - 8.4.1.4. Turf & Ornamentals
  - 8.4.1.5. Misc.
8.5. Latin America Agricultural Micronutrients Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 8.5.1. Key Highlights
  - 8.5.1.1. Brazil
  - 8.5.1.2. Mexico
  - 8.5.1.3. Rest of Latin America
- 8.5.2. BPS Analysis/Market Attractiveness Analysis

9. Middle East & Africa Agricultural Micronutrients Market Outlook, 2018 - 2030

9.1. Middle East & Africa Agricultural Micronutrients Market Outlook, by Product, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 9.1.1. Key Highlights
  - 9.1.1.1. Iron
  - 9.1.1.2. Zinc
  - 9.1.1.3. Boron
  - 9.1.1.4. Manganese
  - 9.1.1.5. Molybdenum
  - 9.1.1.6. Copper
  - 9.1.1.7. Misc.
9.2. Middle East & Africa Agricultural Micronutrients Market Outlook, by Mode of Application, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 9.2.1. Key Highlights
  - 9.2.1.1. Foliar
  - 9.2.1.2. Soil
  - 9.2.1.3. Fertigation
  - 9.2.1.4. Seed Treatment
  - 9.2.1.5. Misc.
9.3. Middle East & Africa Agricultural Micronutrients Market Outlook, by Form, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 9.3.1. Key Highlights
  - 9.3.1.1. Chelated
  - 9.3.1.2. Non-chelated
9.4. Middle East & Africa Agricultural Micronutrients Market Outlook, by Crop Type, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 9.4.1. Key Highlights
  - 9.4.1.1. Fruits & Vegetables
  - 9.4.1.2. Row Crops & Cereals
  - 9.4.1.3. Pulses & Oilseeds
  - 9.4.1.4. Turf & Ornamentals
  - 9.4.1.5. Misc.
9.5. Middle East & Africa Agricultural Micronutrients Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 9.5.1. Key Highlights
  - 9.5.1.1. GCC
  - 9.5.1.2. South Africa
  - 9.5.1.3. Rest of Middle East & Africa
- 9.5.2. BPS Analysis/Market Attractiveness Analysis

10. Competitive Landscape

10.1. Company Market Share Analysis, 2022
10.2. Competitive Dashboard
10.3. Company Profiles
- 10.3.1. Agrium Inc.
  - 10.3.1.1. Company Overview
  - 10.3.1.2. Mode of Application Portfolio
  - 10.3.1.3. Financial Overview
  - 10.3.1.4. Business Strategies and Development
- 10.3.2. BASF SE
- 10.3.3. Nouryon
- 10.3.4. Bayer CropScience
- 10.3.5. Nufarm
- 10.3.6. Haifa Group
- 10.3.7. Yara International ASA
- 10.3.8. The Mosaic Company
- 10.3.9. Sumitomo Chemical Co. Ltd.
- 10.3.10. Syngenta International
- 10.3.11. Valagro
- 10.3.12. Koch Agronomic Services
- 10.3.13. RyPax

11. Appendix

11.1. Research Methodology
11.2. Report Assumptions
11.3. Acronyms and Abbreviations