Agricultural Micronutrients Market Report: Trends, Forecast and Competitive Analysis to 2030

Agricultural Micronutrients Market Trends and Forecast

The future of the global agricultural micronutrients market looks promising with opportunities in the soil, foliar, and fertigation markets. The global agricultural micronutrients market is expected to reach an estimated $7.6 billion by 2030 with a CAGR of 7.1% from 2024 to 2030. The major drivers for this market are expanding knowledge of plant deficits in micronutrients, rising agricultural technological developments, and growing understanding of the advantages of micronutrients for promoting the synthesis of chlorophyll.

A more than 150-page report is developed to help in your business decisions.

Agricultural Micronutrients Market by Segment

The study includes a forecast for the global agricultural micronutrients market by form, type, application, and region

Agricultural Micronutrients Market by Form [Shipment Analysis by Value from 2018 to 2030]:

• Chelated
• Non-chelated

Agricultural Micronutrients Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Zinc
• Boron
• Iron
• Molybdenum
• Manganese
• Others

Agricultural Micronutrients Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Soil
• Foliar
• Fertigation

Agricultural Micronutrients Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Agricultural Micronutrients Market Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies agricultural micronutrients market companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the agricultural micronutrients market companies profiled in this report include-

• Nutrien
• Israel Chemicals
• Coromandel International
• Yara
• Indian Farmers Fertiliser
• Koch Agronomic
• Marubeni
• Nouryon Chemicals

Agricultural Micronutrients Market Insights

Lucintel forecast that zinc is expected to witness largest segment over the forecast period because of growing understanding of the global zinc shortage in soils and its many roles in plant development.

APAC is expected to witness highest growth over the forecast period because the public demand for crops farmed responsibly is rising, and there is a growing emphasis on using environmentally friendly farming methods to cut down on waste and carbon emissions.

Features of the Global Agricultural Micronutrients Market

Market Size Estimates: Agricultural micronutrients market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Agricultural micronutrients market size by form, type, application, and region in terms of value ($B).

Regional Analysis: Agricultural micronutrients market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different form, type, application, and regions for the agricultural micronutrients.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the agricultural micronutrients.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the agricultural micronutrients market size?

Answer: The global agricultural micronutrients market is expected to reach an estimated $7.6 billion by 2030.

Q.2 What is the growth forecast for agricultural micronutrients?

Answer: The global agricultural micronutrients market is expected to grow with a cagr of 7.1% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the agricultural micronutrients?

Answer: The major drivers for this market are expanding knowledge of plant deficits in micronutrients, rising agricultural technological developments, and growing understanding of the advantages of micronutrients for promoting the synthesis of chlorophyll.

Q4. What are the major segments for agricultural micronutrients?

Answer: The future of the global agricultural micronutrients market looks promising with opportunities in the soil, foliar, and fertigation markets.

Q5. Who are the key agricultural micronutrients market companies?

Answer: Some of the key agricultural micronutrients market companies are as follows:

• Nutrien
• Israel Chemicals
• Coromandel International
• Yara
• Indian Farmers Fertiliser
• Koch Agronomic
• Marubeni
• Nouryon Chemicals

Q6. Which agricultural micronutrients market segment will be the largest in future?

Answer: Lucintel forecast that zinc is expected to witness largest segment over the forecast period because of growing understanding of the global zinc shortage in soils and its many roles in plant development.

Q7. In agricultural micronutrients, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period because the public demand for crops farmed responsibly is rising, and there is a growing emphasis on using environmentally friendly farming methods to cut down on waste and carbon emissions.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the agricultural micronutrients market by form ( chelated and non-chelated), type (zinc, boron, iron, molybdenum, manganese, and others), application (soil, foliar, and fertigation), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?