Micronutrients Market Size, Share, Growth, and Industry Analysis, By Type (Powder, Granule, Liquid) By Application (Cereals, Fruits and Vegetables, Flowers, Other) and Regional Insights and Forecast to 2034

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MICRONUTRIENTS MARKET OVERVIEW

The global micronutrients market size was USD 8.34 billion in 2025 and is projected to reach USD 15.28 billion by 2034, exhibiting a CAGR of 6.78% during the forecast period 2025–2034.

Global Micronutrients market has become a critical potential market in the agricultural sector as there is an increasing awareness and management of crop nutrition along with the necessity to maximize the yield on limited fallow areas. Micronutrients, such as zinc, iron, boron, manganese, copper and molybdenum are substances necessary in minute amounts to the growth of plants, enzyme activation, photosynthesis and general vigor. This impairment causes poor flowering and stunted growth and development amongst other things; farmers are resorting to micronutrient-based fertilizers. The robust population growth, combined with the growing demand of food, has propelled the use of micronutrient rich solutions towards cultivation of a variety of crops ranging between cereals, fruits, vegetables, pulses, and oil seeds. The escalating interest in sustainable agriculture and introducing the usage of precision farming technologies also contribute to the growth of the market as they allow delivering specific nutrients. Also, through government programs and subsidies on emerging economies, farmers are programmed to adopt the use of micronutrient fertilizers as a way of restoring soil fertility and improving agricultural yields. Against the backdrop of climate change, deteriorating soil health and depreciation of macronutrient reserve, the importance of micronutrients on food security is of even greater importance. Firms are also undertaking intensive research and development operations to come up with the best formulas that would enhance nutrient absorption and cut down on losses such as chelated micronutrients and water-soluble fertilizers. Innovations in regards to the liquid and granule application are also delivering increased convenience and efficiency to nutrient delivery mechanisms. The increasing adoption of organic and bio-based forms of micronutrient solutions is also changing the competitive environment, turning it highly dynamic and innovation-driven. Generally, micronutrient market stands as the beacon of sustainable agricultural processes in the world.

COVID-19 IMPACT

Micronutrients Market Had a Negative Effect Due to Supply Chain Disruption During COVID-19 Pandemic

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The COVID-19 pandemic had an adversely affected the micronutrients market share with one of the main reasons being supply chain interruptions, limitations on the transportation of products and issues with workforce in large agricultural economies. At the early stages of the pandemic, lockdowns and trade bottlenecks have resulted in the delay of importation and exportation of micronutrient fertilizers, especially to countries that receive the nutrient through international sources. Also, the agricultural investment uncertainties and declining disposable incomes of farmers caused many of the small and medium farmers to cut down the expenditure on high-end micronutrient fertilizers, concentrating solely on necessities. The shut down of production plants and bottlenecks in supply logistic also led to a slow supply of such products as chelated micronutrients and specialty blends, which stunted growth in the market. Further, the pandemic impacted the food-service sector and chain networks, indirectly waylaying demand of high-value crops such as fruits, vegetables, or flowers that are large consumers of micronutrients. All these aspects limited the use of micronutrients during 202021. Nevertheless, as countries slowly unlocked their economies and agriculture was seen as a key sector, the market started picking up, even more so with a new focus on soil health, food security and resilient food systems, highlighting the importance of micronutrients in enhancing productivity in the face of uncertain global conditions.

LATEST TRENDS

Rising Adoption of Chelated Micronutrients for Enhanced Nutrient Absorption Drives Market Growth

The trend currently reshaping the micronutrients market is the increased usage of chelated formulations of micronutrients that are used to enhance nutrient absorption in plants as well as efficacy. Chelation refers to the enclosure of important micronutrients (i.e. zinc, iron, manganese, and copper) to organic substances like EDTA or amino acids to loss of uptake owing to soil fixing and promotion of nutrient access by the roots. This technology is also helpful in highly alkaline and calcareous soils where conventional micronutrients frequently turn insoluble and ineffective. Providing the farmers with a superior alternative to what they are currently going through by witnessing the gradual destruction of their soil, nutrient destructions, and the resultant loss of productivity is the reason why there is a growing interest in chelated products. Also, the use of the chelated micronutrients provides options in application such as foliar spray, fertigation, or soil addition that enhances their effectiveness in a variety of crops like grain crops, fruits, and vegetables. Innovating through R&D and launching new products the most significant investments are venturing into the development of new and innovative chelated products that can address the crop-specific requirements, minimize expense of the application, and are in line with sustainable farming. The latter trend is additionally justified by the growth of precision agriculture where nutrient application has to be as specific as possible to cause the least waste and minimum impact on the environment. With the increased awareness creation on advanced nutrient varieties, the increased demand of chelated micronutrients is likely to have a high impact on the global market development in the near future.

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MICRONUTRIENTS MARKET SEGMENTATION

By Type

Based on type, the global market can be categorized into Powder, Granule, Liquid

• Powder: Powdered micronutrients can be easily blended, cost- effective and used in bulk blending with fertilizers. They are readily dissolved in water to make them viable in foliar spray applications. They are versatile making them applicable to a wide range of crops.

• Granule: This involves formulations of micronutrient in granular which will offer a slow release of nutrients to the plants. They are the perfect choice in soil applications and they guarantee long-term crop health. It is a preference of farmers on large-scale field crops.

• Liquid: Liquid micronutrients are concentrated solutions that are made in a way that the plants take them quickly. They are commonly utilized as fertigation and foliar spray. They have a large bioavailability that helps correct the deficiency of nutrients within a short time.

By Application

Based on Application, the global market can be categorized into Cereals, Fruits and Vegetables, Flowers, Other

• Cereals: Wheat, rice, and maize crops require zinc, iron and boron to increase yields. Micronutrients enhance the filling of grains, defense against diseases and productivity. Quite a significant proportion of the demand lies in this segment.

• Fruits and Veggies: Micronutrients deepen the color, size of fruits and vegetables and also improves nutrition. They are essential in procreation, the formation of fruit and prolonged shelf-life. This section is going to be an advantage of increasing health-conscious buying.

• Flowers: Micronutrients enhance healthy coloring, more flowers during the same period, and stronger stems on ornamental flowers. They are also better resistant to insects and natural bad weather. Specialty micronutrient blends are essential to floriculture.

• Other: Other crops like pulses, oilseed and the cash crops are dependent on micronutrients in order to increase nitrogen fixation, pod filling and the oil content. These applications will add diversity to agricultural sceneries in terms of demand.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.

Driving Factors

Rising Global Food Demand and Declining Arable Land Boost the Market

Increasing food demand and declining arable lands in the world is one of the major drivers of the micronutrients market growth. Due to rise in population which is estimated to reach 9 billion by 2050, farmers have been put under a lot of pressure to produce more out of the little farmlands available. Constant cultivation, degradation of soils, and the excessive application of macronutrient fertilizers have resulted in micronutrient deficiencies in the soil which have a direct impact on crop productivity. Consequently, micronutrient fertilizers are increasingly being used to restore the health of the soil to enhance crop productivity. Balanced use of fertilizer is also advocated by the governments and agricultural bodies in line meeting demand in food security in a sustainable manner. This aspect is projected to drive the market demand to an impressive pace.

Increasing Awareness and Adoption of Precision Farming Expand the Market

The second key market force is the growing awareness of precision agriculture; the practice is focused on careful use of inputs, including micronutrients, to make the most of them, and alleviate the issue of wastage. The implementation of location-based technologies (GPS-guided equipment, drones, soil sensors, etc.) allows farmers to detect the exact deficiency of certain nutrients and smear them in a required quantity. This tendency is not only that of increment in crop productivity but also decreasing input cost and environmental harm. Growing up with the concerns of sustainability and optimization of resources, precision farming is driving the need of having advanced liquid and chelated micronutrient formulations that will integrate into the modernized farming systems.

Restraining Factor

High Cost of Micronutrient Products Limiting Adoption Potentially Impede Market Growth

A key restraining force in the micronutrients industry is its high cost of use in comparison to the traditional fertilizers. Micronutrients like zinc, iron, manganese and boron are complex and need very special processing technology and, in most cases, special processing technology to increase dissolving capacity which is termed as chelation or coating. These activities require specialized manufacturing processes that raise the cost thereof making them not affordable to the small-scale resource poor farmers, especially in the developing economies. Also, the absence of governmental payment or any other forms of support towards micronutrient-based solutions deprives of the major scale implementation. Cost effectiveness in many rural areas, farmers find cheaper macronutrients such as urea and DAP (di-ammonium phosphate) more cost-effective since they provide visible yield increases at cheaper costs, albeit without any effects to hidden hunger or long-term soil health. Therefore, this sensitivity of farmers to prices in new agricultural markets is a major hindering factor to the widespread use of micronutrients because they are needed in large numbers to attain overall market growth potential.

Rising Awareness of Soil Health and Sustainable Agriculture Create Opportunity for The Product in The Market

Opportunity

Growing interest in sustainable agricultural operations and methods of soil health management opens up an opportunity of the micronutrients market to a great extent. Farmers and governments have come to appreciate that intensive farming, use of monocropping and heavy chemical fertilizers have resulted in poor soil fertility and crop micronutrient deficiencies. This directly affects the quality of crops, nutritional content and sustainability of yield. As the demand of nutrient-rich foods as well as biofortified foods increases, micronutrients help address the soil imbalances and make crops more resilient to pests and diseases and climatic conditions.

Also, the efforts of organizations like the FAO, WHO, etc, to eliminate hidden hunger and malnutrition demonstrate the significance of micronutrients in contributing to the positive outcome of human health. The introduction of emerging trends such as precision farming and the introduction of soil testing kits is making farmers embrace micronutrient fertilizers in more suitable ways. Hence, the acceptance of micronutrients within the farming practices of sustainability has a good growth opportunity.

Lack of Awareness and Knowledge Among Farmers Could Be a Potential Challenge for Consumers

Challenge

Among the biggest challenges of the micronutrients market is the fact that farmers are largely unaware and uninformed about the purpose and subsequent application of micronutrients in the process of growing crops. Micronutrients have eluded detection by visible measurements of improved growth like that of macronutrients and are in most cases they go undetected until a crop is finally destroyed by the deficiency of a given micronutrient. The symptoms are not identified properly by many farmers and therefore there is lack of use of micronutrient fertilizers.

In addition, information deficits regarding the appropriate dose, application time and procedure also often lead to ineffective use further deterring the use. In developing countries extension services are very inadequate and do not educate or train farmers on soil health and crop nutrition management. Otherwise, implementation of effective awareness programs, trainings of farmers, and government interactions might be too weak to make the market reach its potential. It is imperative that manufacturers, agricultural institutes, and policymakers work together in order to make sure that farmers are fully aware about the overall benefits of applying micronutrient in the long-term perspective.

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MICRONUTRIENTS MARKET REGIONAL INSIGHTS

• North America

In North America, especially the United States micronutrients market, is likely to dominate the others due to well-developed farming activities and awareness of farmers in soil health management. In the United States and Canada there exists long-established mechanized farming structures and high levels of adoption of precision agriculture practices where farmers are able to gauge the level of nutrients in their soil and apply micronutrients in the most efficient way possible. Moreover, the increased requirement of good quality crops to be used as foods, animal fodder and biofuels enhances the use of micronutrient fertilizers. The increasing awareness of soil degradation and the consumer demand due to the need of higher nutrient rich food is the factor that is compelling farmers to incorporate micronutrients into their fertilizing plans. Support by the Government in adoption of sustainable farming and the extensive use of soil testing kits are also another factor that leads to market expansion. Further, the strong existence of key agribusiness firms and research institutions in North America guarantees the constant development of new products and educating farmers, which makes the region a leader in the spread of micronutrients across the world.

• Europe

Another important market of micronutrients is in Europe where the sectors are mainly motivated by stricter regulation on sustainability coupled with high food quality standards. The European Union upholds gradual farming initiatives such as CAP and the Farm to Fork, which encourages the equal use of nutrients to enhance the soil quality and limit the footprint of agriculture on the environment. The levels of consumer awareness about food quality, nutrition, and safety are therefore high in Europe which is driving the demand of crops with the addition of micronutrients. Also, the implementation of organic farming of countries like Germany, France, and Italy points to the significance of micronutrients in turning the land fertile without depending heavily on synthetic fertilizers. Evidence-based farming and government-subsidized farmer managements are also helpful to the adoption of micronutrients. Since Europe is a main producer of high-value crops such as fruits, vegetables, and cereals, it is essential to support the level of micronutrients to ensure the quality exporting countries abide by, leading to stable growth of these products through quality standards.

• Asia

Asia-Pacific is expected to command a majority share in the overall micronutrients market, related to its extensive agriculturally advanced population, rise in population and awareness regarding the deficiency in soil. Other countries like India, China and Indonesia rely much on agricultural activities with vast numbers of the population directly working on the farmlands but are now adopting micronutrients as a way of countering the poor fertility of the soils brought about by the intense farming that has been practiced in the past generations. Great awareness of the need of micronutrients has been created with the initiative of governments in India through the Soil Health Card Scheme, in China to improve food quality and reduce malnutrition. Additionally, increased population of the middle classes in Asia-Pacific is also fueling an appreciation of healthier, nutrition dense foods, also facilitating the use of micronutrient fertilizers. High percentage of small and fragmented farms is a challenge, and at the same time, it is an opportunity to local manufacturers to enter the market with inexpensive but customized micronutrient solutions. Asia-Pacific has the potential to become the most dynamic and fast growing region in this sector.

KEY INDUSTRY PLAYERS

Key Industry Players Shaping the Market Through Innovation and Market Expansion

The global micronutrients market is highly competitive with presence of many leading players aiming at product innovation, strategic alliances and geography additions concentrating to strengthen their share. Leading companies will be BASF SE (Germany) and Akzo Nobel N.V. (Netherlands), Yara International ASA (Norway), Haifa Chemicals Ltd. (Israel), The Mosaic Company (United States), Nutrien Ltd. (Canada), Coromandel International Ltd. (India), and Valagro S.p.A. (Italy). These companies are also involved in the development of alternative advanced formulations of micronutrients e.g. chelated micronutrients and water-soluble micronutrients which increase their efficiency and uptake in the crop. Most of them also have made significant investments in research and development to integrate their products with the areas of sustainable agriculture and precision agriculture. As examples, BASF and Yara are developing digital agricultural technologies with their micronutrient products to maximize usage and Haifa is targeting high-value crops with specialty fertilizers. These companies have managed to help in increasing distribution networks, case inputs of farmers, and their ties with local cooperatives to maintain a critical role in augmenting the presence of micronutrients in both the developed and developing markets.

List Of Top Micronutrients Companies       

• BASF (Germany)
• Akzo Nobel (Netherlands)
• Yara International (Norway)
• Haifa (Israel)

KEY INDUSTRY DEVELOPMENT

June 2024: BASF SE launched its new line of chelated micronutrient solutions designed to improve nutrient efficiency in alkaline soils, aiming to support sustainable agriculture practices and increase crop yield.

REPORT COVERAGE

The world micronutrients market is experiencing a strong growth as there are growing concerns regarding the need to adopt sustainable agricultural practices, improved agricultural yields and increase awareness regarding the nutrient scarcity in the soils. Micronutrients like zinc, boron, iron, manganese and copper are gaining prominence among the farmers across the world in maintaining a balanced nutrition of crops and food security. Technological innovations in the manufacture of fertilizers, i.e. the production of chelated and water-soluble products that improves the availability and the utilization of nutrients by the crop, keep the market afloat. In addition, the expansion of precision farming, greenhouse cultivation, and other controlled forms of irrigation is opening up a robust potential of micronutrient adoption, both developed and emergent economies alike. Nevertheless, there are challenges to be overcome pertaining to the market which include high cost of the products and little awareness of farmers in rural areas, which has the potential to limit the widespread adoption. Recent advancements in the industry that significant industry players such as BASF, Yara International, Akzo Nobel, and Haifa are involved in, has been towards more advances in green and innovative products or solutions that cater to various regional requirements. North America, Europe, and Asia will continue to be key regions but it is Asia that will exhibit fast growth bearing in mind that it is the largest agricultural sector. To sum up, the micronutrients market is to experience healthy growth due to the global trend toward sustainable farming, government interest in enhancing soil health, and growing food crop demands of high quality.