Agriculture Micronutrients Market is expected to surge at a CAGR of 8.4% by the end of 2031 – Persistence Market Research

Market Study on Agriculture Micronutrients: Popularity of Zinc Micronutrients to Remain High

New York, Aug. 04, 2022 (GLOBE NEWSWIRE) -- The global market for agriculture micronutrients depicted an absolute opportunity of US$ 351.2 Mn in the year 2021 over 2020. Furthermore, for the forecast period (2021-2031), agriculture micronutrient consumption is anticipated to surge at a value CAGR of 8.4%.

The raw materials required for the production of micronutrients are obtained through mining processes, and manufacturers of micronutrients procure raw materials from companies engaged in the mining industry. Growing demand for bio-based crop protection products, including fertilizers, has facilitated the market potential of micronutrients that have a vital role in the growth of plants

Globally, quality of soil is declining due to various reasons such as overgrazing, agricultural activities, deforestation, overexploitation of land to produce fuel wood, and increasing industrialization. Chelated iron micronutrients rectify iron deficiency in calcareous (high pH) soils and soil in the Mediterranean region. Alkaline soil is widely distributed in low rainfall areas where salt accumulates due to poor drainage systems. Chelated micronutrient fertilizers make metal ions available for immediate absorption by plants, as they prevent the precipitation of metal caused by poor soil quality.

Request for the sample copy of report:

Micronutrients are effective in both, soil and foliar applications due to their chelation properties. Micronutrients facilitate effective operation of fertilizers by increasing the uptake of primary and secondary nutrients by plants, which leads to proper growth of plants, and this factor will bolster the sales of micronutrients for crop production.

Key Takeaways from Market Study

  • The agriculture micronutrients market is expected to expand in the Middle East & Africa, Latin America, and Europe at CAGRs of 8.3%, 7.3% and 7% respectively, through 2031.
  • Utilization of agriculture micronutrients in foliar application is anticipated to reach US$ 2.7 Bn by 2031.
  • Deficiency of molybdenum is increasing in crops and plants owing to very low pH levels in the substrate or soil. Based on product type, molybdenum is set to register promising growth at a CAGR of 9.5% over the forecast period.
  • Major demanding country for agriculture micronutrients in East Asia is China.
  • Supply of agriculture micronutrients was impacted negatively during the COVID-19 pandemic, owing to disruptions in supply chains. However, in the recovery phase, manufacturers are striving to match the supply and demand of agro-micronutrients by adopting various strategies in the global market.

Know the methodology of report:

“Use of agriculture micronutrients is essential for plant growth as there is intensive cultivation and excess consumption of agro-products worldwide,” says a Persistence Market Research analyst.

Competitive Landscape

Manufacturers of agriculture micronutrients all over the world are implementing strategies to capitalize on the current market scenario. Major agriculture micronutrient manufacturers are utilizing strategies such as expanding their distribution networks and boosting their investments in new production facilities. Manufacturers are focusing on enhance the quality of finished products.

  • The Mosaic company recently increased its production capacity for MicroEssentials to 2.3 million tons. This expansion is aligned for upcoming MicroEssentials supply and demand and would also allow Mosaic to continue providing innovation and value to its global customers.
  • Stoller USA, Inc. developed zinc- and boron-rich solutions to meet the specific requirements of consumers in West America and Brazil. In addition, the company provides soil analysis assistance to help correct soil deficiencies and tissue analysis to help address any in-season deficiencies.

Get full access of report:

Explore More Valuable Insights

Persistence Market Research, in its new report, offers an impartial analysis of the global agriculture micronutrients market, presenting historical data (2016-2020) and estimation statistics for the forecast period of 2021-2031.

The study offers compelling insights on the basis of product type (boron, copper, iron, manganese, molybdenum, zinc, others), crop type (cereals, pulses and oilseeds, fruits and vegetables, others), and application (fertigation, foliar, soil, seed treatment, others), across seven major regions of the world.

Other Trending Reports:

About Persistence Market Research:

Business intelligence is the foundation of every business model employed by Persistence Market Research. Multi-dimensional sources are being put to work, which include big data, customer experience analytics, and real-time data collection. Thus, working on “micros” by Persistence Market Research helps companies overcome their “macro” business challenges.

Persistence Market Research is always way ahead of its time. In other words, it tables market solutions by stepping into the companies’/clients’ shoes much before they themselves have a sneak pick into the market. The pro-active approach followed by experts at Persistence Market Research helps companies/clients lay their hands on techno-commercial insights beforehand, so that the subsequent course of action could be simplified on their part.


Rajendra Singh

Persistence Market Research
U.S. Sales Office:
305 Broadway, 7th Floor
New York City, NY 10007
United States
USA - Canada Toll-Free: 800-961-0353