US Agricultural Micronutrients Market Research Report Forecast to 2030

The US agricultural micronutrients market demonstrates a steady growth trajectory, driven by the increasing awareness of micronutrient deficiencies in soil and crops. Farmers are increasingly adopting micronutrient-enriched fertilizers to enhance crop yields and quality. The market is characterized by a competitive landscape, with key players focusing on research and development to introduce innovative products. Rising demand for high-value crops and sustainable agriculture practices further fuels the market's expansion. However, challenges such as complex regulatory frameworks and limited consumer awareness hinder the market's full potential.

The US agricultural micronutrients market was valued at USD 975.75 million in 2022 and is expected to reach USD 1,603.77 million by 2030, registering a CAGR of 6.42% over the forecast duration.

The US agricultural micronutrients market encompasses a vital segment of the agricultural industry focused on enhancing crop growth and productivity through the application of essential trace elements. Micronutrients, consisting of elements such as zinc, iron, copper, manganese, and boron, are indispensable for plants' overall health and development, despite being required in small quantities. These micronutrients play a crucial role in various metabolic processes, enzyme activation, and overall plant physiological functions, ensuring optimal growth, disease resistance, and nutrient utilization.

Over the years, the recognition of the significance of micronutrients in maintaining soil fertility and achieving higher yields has driven the growth of this market. Agricultural practices, coupled with advancements in scientific research, have led to the formulation of targeted micronutrient solutions that cater to specific crop needs and soil conditions. The US agricultural micronutrients market not only aids farmers in tackling nutrient deficiencies but also contributes to sustainable agriculture by promoting efficient resource utilization.

Market Segmentation

Based on application, the US Agricultural Micronutrients market is segmented into Soil, Foliar, Fertigation, and Seed Treatment. Based on form, the US Agricultural Micronutrients market is segmented into Solid and Liquid.

Based on Chelation, the market is divided into Chelated and Non-Chelated. Based on end use, the US Agricultural Micronutrients market is segmented into Cereals & Grains, Fruits & Vegetables, Oilseeds & Pulses, and Others. Based on distribution channel, the market is segmented into Online and Offline.

Major Players

These include BASF SE, Nouryon, Nutrien Ag Solutions, Inc., Helena Agri-Enterprises, LLC, Haifa Group, Compass Minerals, Syngenta, ATP Nutrition, The Mosaic Company, and Yara International ASA.

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY

1.1 US AGRICULTURAL MICRONUTRIENTS MARKET, BY TYPE
1.2 US AGRICULTURAL MICRONUTRIENTS MARKET, BY MODE OF APPLICATION
1.3 US AGRICULTURAL MICRONUTRIENTS MARKET, BY FORM
1.4 US AGRICULTURAL MICRONUTRIENTS MARKET, BY CHELATION
1.5 US AGRICULTURAL MICRONUTRIENTS MARKET, BY END USE
1.6 US AGRICULTURAL MICRONUTRIENTS MARKET, BY DISTRIBUTION CHANNEL

2 MARKET INTRODUCTION

2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 MARKET STRUCTURE
2.4 KEY BUYING CRITERIA

3 RESEARCH METHODOLOGY

3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 TOP-DOWN & BOTTOM-UP APPROACH
3.6 FORECAST MODEL
3.7 LIST OF ASSUMPTIONS

4 MARKET DYNAMICS

4.1 INTRODUCTION
4.2 DRIVERS
- 4.2.1 INCREASING DEMAND FOR HIGH-QUALITY CROPS
- 4.2.2 RISING FOCUS ON CROP ROTATION AND SUSTAINABLE FARMING PRACTICES
- 4.2.3 DRIVERS IMPACT ANALYSIS
4.3 RESTRAINTS
- 4.3.1 RISING ORGANIC FERTILIZER INDUSTRY
- 4.3.2 COMPLEX APPLICATION PROCESSES
- 4.3.3 RESTRAINTS IMPACT ANALYSIS
4.4 OPPORTUNITIES
- 4.4.1 CROP-SPECIFIC NUTRIENT FORMULATIONS
- 4.4.2 PRECISION AGRICULTURE TECHNOLOGIES INTEGRATION

4.5 CHALLENGES
- 4.5.1 COST AND AFFORDABILITY
- 4.5.2 IMBALANCED FERTILIZATION AND LACK OF AWARENESS
4.6 IMPACT OF COVID-19 ON THE GLOBAL ECONOMY
4.7 IMPACT OF COVID-19 ON THE US AGRICULTURAL MICRONUTRIENTS MARKET
4.8 SUPPLY CHAIN IMPACT
- 4.8.1 IMPACT ON MANUFACTURER/DEVELOPER
- 4.8.2 IMPACT ON COMPONENT/SERVICES SUPPLIER
- 4.8.3 IMPACT ON DISTRIBUTION/LOGISTICS

5 MARKET FACTOR ANALYSIS

5.1 SUPPLY/VALUE CHAIN ANALYSIS
- 5.1.1 RAW MATERIAL ACQUISITION AND PRODUCTION
- 5.1.2 MANUFACTURING AND FORMULATION
- 5.1.3 PACKAGING, LABELING, AND DISTRIBUTION
- 5.1.4 APPLICATION AND UTILIZATION
5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 THREAT OF NEW ENTRANTS
- 5.2.2 BARGAINING POWER OF SUPPLIERS
- 5.2.3 BARGAINING POWER OF BUYERS
- 5.2.4 THREAT OF SUBSTITUTES
- 5.2.5 INTENSITY OF RIVALRY

6 US AGRICULTURAL MICRONUTRIENTS MARKET, BY TYPE

6.1 OVERVIEW
- 6.1.1 US AGRICULTURAL MICRONUTRIENTS MARKET ESTIMATES & FORECAST, BY TYPE, 2020-2030
6.2 ZINC
6.3 BORON
6.4 IRON
6.5 MANGANESE
6.6 MOLYBDENUM
6.7 NICKLE
6.8 CHLORIDE
6.9 COPPER
6.10 BLENDS/MIXES

7 US AGRICULTURAL MICRONUTRIENTS MARKET, BY MODE OF APPLIATION

7.1 OVERVIEW
- 7.1.1 US AGRICULTURAL MICRONUTRIENTS MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020-2030
7.2 SOIL
7.3 FOLIAR
7.4 FERTIGATION
7.5 SEED TREATMENT

8 US AGRICULTURAL MICRONUTRIENTS MARKET, BY FORM

8.1 OVERVIEW
- 8.1.1 US AGRICULTURAL MICRONUTRIENTS MARKET ESTIMATES & FORECAST, BY FORM, 2020-2030
8.2 SOLID
8.3 LIQUID

9 US AGRICULTURAL MICRONUTRIENTS MARKET, BY CHELATION

9.1 OVERVIEW
- 9.1.1 US AGRICULTURAL MICRONUTRIENTS MARKET ESTIMATES & FORECAST, BY CHELATION, 2020-2030
9.2 CHELATED
9.3 NON-CHELATED

10 US AGRICULTURAL MICRONUTRIENTS MARKET, BY END USE

10.1 OVERVIEW
- 10.1.1 US AGRICULTURAL MICRONUTRIENTS MARKET ESTIMATES & FORECAST, BY END USE, 2020-2030
10.2 CEREALS & GRAINS
10.3 FRUITS & VEGETABLES
10.4 OILSEEDS & PULSES
10.5 OTHERS

11 US AGRICULTURAL MICRONUTRIENTS MARKET, BY DISTRIBUTION CHANNEL

11.1 OVERVIEW
- 11.1.1 US AGRICULTURAL MICRONUTRIENTS MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL,

2020-2030

11.2 ONLINE
11.3 OFFLINE

12 COMPETITIVE LANDSCAPE

12.1 COMPETITIVE OVERVIEW
12.2 COMPETITIVE BENCHMARKING
12.3 MAJOR PLAYERS IN THE US AGRICULTURAL MICRONUTRIENTS MARKET
12.4 LEADING PLAYERS IN TERMS OF THE NUMBER OF DEVELOPMENTS IN THE US AGRICULTURAL

MICRONUTRIENTS MARKET 63

12.5 KEY DEVELOPMENTS & GROWTH STRATEGIES
- 12.5.1 CONTRACTS AND AGREEMENTS
- 12.5.2 PRODUCT LAUNCH/PRODUCT DEVELOPMENT
- 12.5.3 EXPANSION/ACQUISITION/PARTNERSHIP

13 COMPANY PROFILES

13.1 BASF SE
- 13.1.1 COMPANY OVERVIEW
- 13.1.2 FINANCIAL OVERVIEW
- 13.1.3 PRODUCTS OFFERED
- 13.1.4 KEY DEVELOPMENTS
- 13.1.5 SWOT ANALYSIS
- 13.1.6 KEY STRATEGIES
13.2 NOURYON
- 13.2.1 COMPANY OVERVIEW
- 13.2.2 FINANCIAL OVERVIEW
- 13.2.3 PRODUCTS OFFERED
- 13.2.4 KEY DEVELOPMENTS
- 13.2.5 SWOT ANALYSIS
- 13.2.6 KEY STRATEGIES
13.3 NUTRIEN AG SOLUTIONS, INC.
- 13.3.1 COMPANY OVERVIEW
- 13.3.2 FINANCIAL OVERVIEW
- 13.3.3 PRODUCTS OFFERED
- 13.3.4 KEY DEVELOPMENTS
- 13.3.5 SWOT ANALYSIS
- 13.3.6 KEY STRATEGIES
13.4 HELENA AGRI-ENTERPRISES, LLC
- 13.4.1 COMPANY OVERVIEW
- 13.4.2 FINANCIAL OVERVIEW
- 13.4.3 PRODUCTS/SERVICES OFFERED
- 13.4.4 KEY DEVELOPMENTS
- 13.4.5 SWOT ANALYSIS
- 13.4.6 KEY STRATEGIES

13.5 HAIFA GROUP
- 13.5.1 COMPANY OVERVIEW
- 13.5.2 FINANCIAL OVERVIEW
- 13.5.3 PRODUCTS/SERVICES OFFERED
- 13.5.4 KEY DEVELOPMENTS
- 13.5.5 SWOT ANALYSIS
- 13.5.6 KEY STRATEGIES
13.6 COMPASS MINERALS
- 13.6.1 COMPANY OVERVIEW
- 13.6.2 FINANCIAL OVERVIEW
- 13.6.3 PRODUCTS/SERVICES OFFERED
- 13.6.4 KEY DEVELOPMENTS
- 13.6.5 SWOT ANALYSIS
- 13.6.6 KEY STRATEGIES
13.7 SYNGENTA
- 13.7.1 COMPANY OVERVIEW
- 13.7.2 FINANCIAL OVERVIEW
- 13.7.3 PRODUCTS/SERVICES OFFERED
- 13.7.4 KEY DEVELOPMENTS
- 13.7.5 SWOT ANALYSIS
- 13.7.6 KEY STRATEGIES
13.8 ATP NUTRITION
- 13.8.1 COMPANY OVERVIEW
- 13.8.2 FINANCIAL OVERVIEW
- 13.8.3 PRODUCTS/SERVICES OFFERED
- 13.8.4 KEY DEVELOPMENTS
- 13.8.5 SWOT ANALYSIS
- 13.8.6 KEY STRATEGIES
13.9 THE MOSAIC COMPANY
- 13.9.1 COMPANY OVERVIEW
- 13.9.2 FINANCIAL OVERVIEW
- 13.9.3 PRODUCTS OFFERED
- 13.9.4 KEY DEVELOPMENTS
- 13.9.5 SWOT ANALYSIS
- 13.9.6 KEY STRATEGIES

13.10 YARA INTERNATIONAL ASA
- 13.10.1 COMPANY OVERVIEW
- 13.10.2 FINANCIAL OVERVIEW
- 13.10.3 PRODUCTS OFFERED
- 13.10.4 KEY DEVELOPMENTS
- 13.10.5 SWOT ANALYSIS
- 13.10.6 KEY STRATEGIES

14 APPENDIX

14.1 REFERENCES

LIST OF TABLES

TABLE 1 LIST OF ASSUMPTIONS 29
TABLE 2 US AGRICULTURAL MICRONUTRIENTS MARKET ESTIMATES & FORECAST, BY TYPE, 2020-2030 (USD MILLION) 43
TABLE 3 US AGRICULTURAL MICRONUTRIENTS MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020-2030 (USD MILLION) 48
TABLE 4 US AGRICULTURAL MICRONUTRIENTS MARKET ESTIMATES & FORECAST, BY FORM, 2020-2030 (USD MILLION) 51
TABLE 5 US AGRICULTURAL MICRONUTRIENTS MARKET ESTIMATES & FORECAST, BY CHELATION, 2020-2030 (USD MILLION) 54
TABLE 6 US AGRICULTURAL MICRONUTRIENTS MARKET ESTIMATES & FORECAST, BY END USE, 2020-2030 (USD MILLION) 56
TABLE 7 US AGRICULTURAL MICRONUTRIENTS MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2020-2030 (USD MILLION) 59
TABLE 8 MAJOR PLAYERS IN THE US AGRICULTURAL MICRONUTRIENTS MARKET 63
TABLE 9 THE MOST ACTIVE PLAYERS IN THE US AGRICULTURAL MICRONUTRIENTS MARKET 63
TABLE 10 CONTRACTS AND AGREEMENTS 64
TABLE 11 PRODUCT LAUNCH/PRODUCT DEVELOPMENT 64
TABLE 12 EXPANSION/ACQUISITION/ PARTNERSHIP 65
TABLE 13 BASF SE: PRODUCTS OFFERED 68
TABLE 14 BASF SE: KEY DEVELOPMENTS 68
TABLE 15 NOURYON: PRODUCTS OFFERED 70
TABLE 16 NOURYON: KEY DEVELOPMENTS 71
TABLE 17 NUTRIEN AG SOLUTIONS, INC.: PRODUCTS OFFERED 73
TABLE 18 HELENA AGRI-ENTERPRISES, LLC: PRODUCTS/SERVICES OFFERED 75
TABLE 19 HAIFA GROUP: PRODUCTS/SERVICES OFFERED 77
TABLE 20 HAIFA GROUP: KEY DEVELOPMENTS 78
TABLE 21 COMPASS MINERALS: PRODUCTS/SERVICES OFFERED 81
TABLE 22 COMPASS MINERALS: KEY DEVELOPMENTS 82
TABLE 23 SYNGENTA: PRODUCTS OFFERED 85
TABLE 24 ATP NUTRITION: PRODUCTS/SERVICES OFFERED 87
TABLE 25 THE MOSAIC COMPANY: PRODUCTS OFFERED 91
TABLE 26 THE MOSAIC COMPANY: KEY DEVELOPMENTS 91
TABLE 27 YARA INTERNATIONAL ASA: PRODUCTS OFFERED 95
TABLE 28 YARA INTERNATIONAL ASA: KEY DEVELOPMENTS 95

LIST OF FIGURES

FIGURE 1 MARKET SYNOPSIS 14
FIGURE 2 US AGRICULTURAL MICRONUTRIENTS MARKET ANALYSIS BY TYPE 15
FIGURE 3 US AGRICULTURAL MICRONUTRIENTS MARKET ANALYSIS BY MODE OF APPLICATION 16
FIGURE 4 US AGRICULTURAL MICRONUTRIENTS MARKET ANALYSIS BY FORM 17
FIGURE 5 US AGRICULTURAL MICRONUTRIENTS MARKET ANALYSIS BY CHELATION 18
FIGURE 6 US AGRICULTURAL MICRONUTRIENTS MARKET ANALYSIS BY END USE 19
FIGURE 7 US AGRICULTURAL MICRONUTRIENTS MARKET ANALYSIS BY DISTRIBUTION CHANNEL 20
FIGURE 8 US AGRICULTURAL MICRONUTRIENTS MARKET: MARKET STRUCTURE 22
FIGURE 9 KEY BUYING CRITERIA OF AGRICULTURAL MICRONUTRIENTS 23
FIGURE 10 RESEARCH PROCESS OF MRFR 24
FIGURE 11 DRO ANALYSIS OF THE US AGRICULTURAL MICRONUTRIENTS MARKET 30
FIGURE 12 DRIVERS IMPACT ANALYSIS: AGRICULTURAL MICRONUTRIENTS MARKET 32
FIGURE 13 RESTRAINTS IMPACT ANALYSIS: AGRICULTURAL MICRONUTRIENTS MARKET 33
FIGURE 14 SUPPLY / VALUE CHAIN: US AGRICULTURAL MICRONUTRIENTS MARKET 38
FIGURE 16 US AGRICULTURAL MICRONUTRIENTS MARKET, BY TYPE, 2022 (% SHARE) 42
FIGURE 17 US AGRICULTURAL MICRONUTRIENTS MARKET, BY TYPE, 2020-2030 (USD MILLION) 43
FIGURE 18 US AGRICULTURAL MICRONUTRIENTS MARKET, BY APPLICATION, 2022 (% SHARE) 47
FIGURE 19 US AGRICULTURAL MICRONUTRIENTS MARKET, BY APPLICATION, 2020-2030 (USD MILLION) 48
FIGURE 20 US AGRICULTURAL MICRONUTRIENTS MARKET, BY FORM, 2022 (% SHARE) 50
FIGURE 21 US AGRICULTURAL MICRONUTRIENTS MARKET, BY FORM, 2020-2030 (USD MILLION) 51
FIGURE 22 US AGRICULTURAL MICRONUTRIENTS MARKET, BY CHELATION, 2022 (% SHARE) 53
FIGURE 23 US AGRICULTURAL MICRONUTRIENTS MARKET, BY CHELATION, 2020-2030 (USD MILLION) 53
FIGURE 24 US AGRICULTURAL MICRONUTRIENTS MARKET, BY END USE, 2022 (% SHARE) 55
FIGURE 25 US AGRICULTURAL MICRONUTRIENTS MARKET, BY END USE, 2020-2030 (USD MILLION) 56
FIGURE 26 US AGRICULTURAL MICRONUTRIENTS MARKET, BY DISTRIBUTION CHANNEL, 2022 (% SHARE) 58
FIGURE 27 US AGRICULTURAL MICRONUTRIENTS MARKET, BY DISTRIBUTION CHANNEL, 2020-2030 (USD MILLION) 58
FIGURE 28 BENCHMARKING OF MAJOR COMPETITORS 62
FIGURE 29 BASF SE: FINANCIAL OVERVIEW SNAPSHOT 67
FIGURE 30 BASF SE: SWOT ANALYSIS 69
FIGURE 31 NOURYON: SWOT ANALYSIS 71
FIGURE 32 NUTRIEN AG SOLUTIONS, INC.: FINANCIAL OVERVIEW SNAPSHOT 73
FIGURE 33 NUTRIEN AG SOLUTIONS, INC.: SWOT ANALYSIS 74
FIGURE 34 HELENA AGRI-ENTERPRISES, LLC: SWOT ANALYSIS 76
FIGURE 35 HAIFA GROUP: SWOT ANALYSIS 79
FIGURE 36 COMPASS MINERALS: FINANCIAL OVERVIEW SNAPSHOT 81
FIGURE 37 COMPASS MINERALS: SWOT ANALYSIS 82
FIGURE 38 SYNGENTA: FINANCIAL OVERVIEW SNAPSHOT 85
FIGURE 39 SYNGENTA: SWOT ANALYSIS 86
FIGURE 40 ATP NUTRITION: SWOT ANALYSIS 88
FIGURE 41 THE MOSAIC COMPANY: FINANCIAL OVERVIEW SNAPSHOT 90
FIGURE 42 THE MOSAIC COMPANY: SWOT ANALYSIS 92
FIGURE 43 YARA INTERNATIONAL ASA: FINANCIAL OVERVIEW SNAPSHOT 94
FIGURE 44 YARA INTERNATIONL ASA: SWOT ANALYSIS 96