Agricultural Micronutrients Market Poised for Growth by 2029: Increasing Demand and Advancements Propel Market to $13.67 Billion
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What Does the Rising Agricultural Micronutrients Market Size Indicate?
The agricultural micronutrients market size has experienced a significant growth in recent years, jumping from $7.09 billion in 2024 to $8.13 billion in 2025, at a compound annual growth rate (CAGR) of 14.7%. This growth in the historic period is attributed to factors such as soil nutrient depletion, heightened awareness and education, government subsidies, crop diversity, and environmental concerns.
The market size is set to continue its rapid growth, reaching $13.67 billion by 2029 with a CAGR of 13.9%. This growth projection is based on drivers such as emerging markets, rising population, advances in precision agriculture, intensive research and development, and surges in organic farming practices. Noteworthy trends for the forecast period include the emergence of biological micronutrients, blended micronutrient solutions, applications of nanotechnology, micronutrient fortification, and sustainable sourcing processes.
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What Drives The Agricultural Micronutrients Market Growth?
Data witnessing the growth of the agricultural micronutrients market is currently not available.
What Are the Core Segments of the Agricultural Micronutrients Market?
The agricultural micronutrients market report identifies four key segments:
1) By Type: Zinc, Boron, Iron, Copper, Manganese, Molybdenum, and Other Types
2) By Method of Application: Soil Application, Fertigation, Foliar, Seed Treatment, Hydroponics
3) By Crop Type: Cereals, Pulses, Oilseeds, Spices, Fruit And Vegetables
4) By Application: Tomato, Cotton, Citrus, Apple, Lettuce, Soybean, Other Applications
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Which Companies Hold Major Market Share in the Agricultural Micronutrients Market?
Major players shaping the agricultural micronutrients market include BASF SE, Yara International ASA, Nutrien Ltd., Nouryon BV, Compass Minerals International, Helena Chemical Company, Corteva Agriscience, Coromandel International Limited, Haifa Group, Valagro S.p.A, Sigma AgriScience LLC, Aries Agro Limited, AgroLiquid, Agrium Inc., Dow Chemical Company, ATP Nutrition Ltd., Baicor L.C., Stoller USA Inc., Akzonobel N.V, Sumitomo Chemical Co. Ltd., Syngenta International AG, Brandt Consolidated Inc., Grow More Inc., Western Nutrients Corporation, The Mosaic Company, Nufarm Limited, ICL Group Ltd., Chambal Fertilisers and Chemicals Limited, Sapec Group, Green Has Italia SPA.
What Technological Advances are Impacting the Agricultural Micronutrients Market?
Technological advancements are increasingly shaping the agricultural micronutrients market. Key advancements include the launch of eqo.x by ICL Group Ltd., a revolutionary rapidly biodegradable release technology crafted for open field agriculture. This release technology enhances nutrient use efficiency (NUE) up to 80% — reducing nutrient loss and bolstering agricultural crop performance while reducing environmental impact. These advancements are set to redefine the agricultural micronutrients market.
Which Region Dominates the Agricultural Micronutrients Market?
Asia-Pacific emerged as the largest region in the agricultural micronutrients market in 2024 and is projected to be the fastest-growing region. Other regions featured in the agricultural micronutrients market report include Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Agricultural Micronutrients Market Report 2025 Offer?
The agricultural micronutrients are essential components that play a crucial role in balancing crop nutrition. These minerals, including manganese, zinc, iron, copper, molybdenum, and boron, are instrumental in cultivating horticultural crops as well as crops of pulses, cereals, spices, plantations, and oilseeds. The Agricultural Micronutrients Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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