Micronutrient Fertilizers Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2030)

The report covers Global Crop Micronutrient Fertilizer Manufacturers & Forecast and is segmented by Product (Boron, Copper, Iron, Manganese, Molybdenum, Zinc, Others) , by Application Mode (Fertigation, Foliar, Soil) , by Crop Type (Field Crops, Horticultural Crops, Turf & Ornamental) and by Region (Asia-Pacific, Europe, Middle East & Africa, North America, South America)

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Micronutrient Fertilizer Market Size

Global Micronutrient Fertilizer Market
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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2016 - 2030
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 5.60 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2030) USD 8.24 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2030) 6.65 %
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Product Zinc
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Region Asia-Pacific

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Micronutrient Fertilizer Market Analysis

The Global Micronutrient Fertilizer Market size is estimated at USD 5.60 billion in 2024, and is expected to reach USD 8.24 billion by 2030, growing at a CAGR of 6.65% during the forecast period (2024-2030).

  • Largest Segment by Type - Zinc : Zn is the most applied micronutrient fertilizer due to the increasing Zn deficiencies in soils of major growing regions. The application of Zn is proven to give higher yields.
  • Fastest growing segment by Type - Iron : The alkaline soils with high pH are deficient in iron micronutrients. The degrading health and quality of agricultural soils are declining the availability of iron.
  • Largest Segment by Crop Type - Field Crops : Field crops are widely cultivated worldwide and are a staple food in many parts of the world. They account for a maximum share by area in most agricultural countries.
  • Largest segment by Country - India : Micronutrient fertilizers are being used increasingly as Indian soils are deficient in boron (47%), iron (37%), and zinc (39%), as per the Center for Science and Environment.

Micronutrient Fertilizer Market Trends

This section covers the major market trends shaping the Micronutrient Fertilizer Market according to our research experts:

Zinc is the largest segment by Product.

  • Micronutrients play an important role in many plant metabolic activities, such as cell wall formation, pollen formation, germination, chlorophyll production, nitrogen fixation, and the synthesis of the essential parts of proteins. The global micronutrient fertilizer market is anticipated to register a CAGR of 3.0% during the forecast period.
  • Zinc accounted for a share of 38.3% of the global micronutrient fertilizer market in 2021. Of the total share held by zinc fertilizers, conventional zinc fertilizers accounted for about 65.7%, and specialty zinc fertilizers accounted for about 34.3%. Specialty zinc fertilizers have the advantage of uniform distribution and fast acting on crops compared to conventional fertilizers.
  •  The Asia-Pacific region dominated the global market, accounting for 31.6% of the market share in 2021. The distribution network of micronutrient fertilizers is well-established in the major Asia-Pacific countries, further boosting the market for various micronutrient fertilizer products in the region. The increasing demand for food grains, coupled with decreasing nutrients in the soil, is one of the major factors driving the growth of the market in the region. Recent studies have indicated that zinc deficiency is China's most widespread micronutrient deficiency. More than 50% of the arable soils are low in zinc, thereby limiting agricultural growth and improvement in human nutrition.
  • Widespread micronutrient deficiencies across the world are becoming a rising concern for plant health, coupled with increasing encouragement from various government agencies and other organizations to increase the use of micronutrients to enhance plant and soil health. These factors are driving the market growth.
Global Micronutrient Fertilizer Market

Asia-Pacific is the largest segment by Region.

  • The global micronutrient fertilizer market grew at a stable rate during the study period, with a value of USD 3.61 billion in 2021 and an overall consumption volume of 1.5 million metric ton. Asia-Pacific occupied the largest market share of 38.8% in 2021, followed by Europe and North America.
  • In Asia-Pacific, countries such as India and China are the major micronutrient fertilizer markets, accounting for 36.0% and 17.0% of the market share in 2021. The increase in micronutrient deficiency in Chinese crops resulted in 73.6% of micronutrient fertilizer consumption in 2021 in China. The Ministry of Agriculture (MoA) of China added zinc, at a rate of 15-30 kg ZnSO4/ha, to its national fertilizer recommendation, which was recently extended for summer crops like rice and corn. 
  • France is the third-largest market for micronutrient fertilizer in Europe after Russia, with an estimated market value of USD 121.9 million in 2022. The increasing area under cultivation of horticulture crops, which increased from 1.2 million hectares in 2017 to 1.3 million hectares in 2021, is further expected to increase in the following years.
  • Apart from Asia, zinc and iron deficiency in the soil is quite widespread in Sub-Saharan Africa and the northwest of South America. The overall advantages of micronutrient fertilizers are being widely accepted and recognized currently. The global export value for zinc in 2021 amounted to USD 1.6 million, with the Netherlands as the top exporter of the micronutrients, with a value of USD 275.6 thousand.  
  • The global micronutrient fertilizer market is growing because of the widespread micronutrient deficiencies around the world, with iron and zinc deficiencies becoming a rising concern for plant health, and also due to the increasing encouragement from various government agencies to increase the use of micronutrients.
Global Micronutrient Fertilizer Market

Micronutrient Fertilizer Industry Overview

The Global Micronutrient Fertilizer Market is fairly consolidated, with the top five companies occupying 102.95%. The major players in this market are Coromandel International Limited, K+S AKTIENGESELLSCHAFT, Koch Industries Inc., The Mosaic Company and Yara International (sorted alphabetically).

Micronutrient Fertilizer Market Leaders

  1. Coromandel International Limited

  2. K+S AKTIENGESELLSCHAFT

  3. Koch Industries Inc.

  4. The Mosaic Company

  5. Yara International

*Disclaimer: Major Players sorted in no particular order

Global Micronutrient Fertilizer Market
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Micronutrient Fertilizer Market News

  • September 2021: In September 2021, Coromandel International launched GroShakti Fertilizer. It is a new technology and superior complex fertilizer with EnPhos Technology and Zincated 14-35-14. This grade has a high nutrient percentage and less filler material, because of which it does not hurt the soil mechanism.
  • March 2021: Mosaic announced a partnership with Sound Agriculture to develop and distribute a nutrient efficiency product. Sound Agriculture will focus on manufacturing of the active ingredient and product formulation, while Mosaic will oversee field development, regulatory, sales and marketing efforts. The product leverage Sound Agrculture Bio-inspired chemistry that activates the soil microbiome to give plants access to important nutrients and allow growers to optimize fertilizer inputs.It is expected to release in 2023 for US market.
  • February 2021: According to agreement Haifa to invest $2M in AgriIOT against 30% of the company. This agreement will help Haifa to use the AgriIOT technology to identify the defeciencies in the crop in a simple and precise manner for their customers.

Micronutrient Fertilizer Market Report - Table of Contents

  1. 1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. 2. REPORT OFFERS

  3. 3. INTRODUCTION

    1. 3.1. Study Assumptions & Market Definition

    2. 3.2. Scope of the Study

    3. 3.3. Research Methodology

  4. 4. KEY INDUSTRY TRENDS

    1. 4.1. Acreage Of Major Crop Types

    2. 4.2. Average Nutrient Application Rates

    3. 4.3. Regulatory Framework

    4. 4.4. Value Chain & Distribution Channel Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1. Product

      1. 5.1.1. Boron

      2. 5.1.2. Copper

      3. 5.1.3. Iron

      4. 5.1.4. Manganese

      5. 5.1.5. Molybdenum

      6. 5.1.6. Zinc

      7. 5.1.7. Others

    2. 5.2. Application Mode

      1. 5.2.1. Fertigation

      2. 5.2.2. Foliar

      3. 5.2.3. Soil

    3. 5.3. Crop Type

      1. 5.3.1. Field Crops

      2. 5.3.2. Horticultural Crops

      3. 5.3.3. Turf & Ornamental

    4. 5.4. Region

      1. 5.4.1. Asia-Pacific

        1. 5.4.1.1. Australia

        2. 5.4.1.2. Bangladesh

        3. 5.4.1.3. China

        4. 5.4.1.4. India

        5. 5.4.1.5. Indonesia

        6. 5.4.1.6. Japan

        7. 5.4.1.7. Pakistan

        8. 5.4.1.8. Philippines

        9. 5.4.1.9. Thailand

        10. 5.4.1.10. Vietnam

        11. 5.4.1.11. Rest Of Asia-Pacific

      2. 5.4.2. Europe

        1. 5.4.2.1. France

        2. 5.4.2.2. Germany

        3. 5.4.2.3. Italy

        4. 5.4.2.4. Netherlands

        5. 5.4.2.5. Russia

        6. 5.4.2.6. Spain

        7. 5.4.2.7. Ukraine

        8. 5.4.2.8. United Kingdom

        9. 5.4.2.9. Rest Of Europe

      3. 5.4.3. Middle East & Africa

        1. 5.4.3.1. Nigeria

        2. 5.4.3.2. Saudi Arabia

        3. 5.4.3.3. South Africa

        4. 5.4.3.4. Turkey

        5. 5.4.3.5. Rest Of Middle East & Africa

      4. 5.4.4. North America

        1. 5.4.4.1. Canada

        2. 5.4.4.2. Mexico

        3. 5.4.4.3. United States

        4. 5.4.4.4. Rest Of North America

      5. 5.4.5. South America

        1. 5.4.5.1. Argentina

        2. 5.4.5.2. Brazil

        3. 5.4.5.3. Rest Of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1. Key Strategic Moves

    2. 6.2. Market Share Analysis

    3. 6.3. Company Landscape

    4. 6.4. Company Profiles

      1. 6.4.1. BMS Micro-Nutrients NV

      2. 6.4.2. Coromandel International Limited

      3. 6.4.3. Haifa Group

      4. 6.4.4. K+S AKTIENGESELLSCHAFT

      5. 6.4.5. Koch Industries Inc.

      6. 6.4.6. Nouryon Coöperatief UA

      7. 6.4.7. The Mosaic Company

      8. 6.4.8. Yara International

  7. 7. KEY STRATEGIC QUESTIONS FOR FERTILIZER CEOS

  8. 8. APPENDIX

    1. 8.1. Global Overview

      1. 8.1.1. Overview

      2. 8.1.2. Porter's Five Forces Framework

      3. 8.1.3. Global Value Chain Analysis

      4. 8.1.4. Market Dynamics (DROs)

    2. 8.2. Sources & References

    3. 8.3. List of Tables & Figures

    4. 8.4. Primary Insights

    5. 8.5. Data Pack

    6. 8.6. Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. GLOBAL MARKET, AREA YOY GROWTH RATE, 2016 - 2021
  1. Figure 2:  
  2. GLOBAL MARKET, AREA YOY GROWTH RATE, 2016 - 2021
  1. Figure 3:  
  2. GLOBAL MARKET, VOLUME YOY GROWTH RATE, 2021 - 2021
  1. Figure 4:  
  2. GLOBAL MARKET, VOLUME YOY GROWTH RATE, 2021 - 2021
  1. Figure 5:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VOLUME, METRIC TON, 2016 - 2028
  1. Figure 6:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE, USD, 2016 - 2028
  1. Figure 7:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, VOLUME, METRIC TON, 2016 - 2028
  1. Figure 8:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, VALUE, USD, 2016 - 2028
  1. Figure 9:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VOLUME SHARE(%), BY PRODUCT, 2016 - 2028
  1. Figure 10:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY PRODUCT, 2016 - 2028
  1. Figure 11:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, BORON, METRIC TON, 2016 - 2028
  1. Figure 12:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, BORON, USD, 2016 - 2028
  1. Figure 13:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 14:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, COPPER, METRIC TON, 2016 - 2028
  1. Figure 15:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, COPPER, USD, 2016 - 2028
  1. Figure 16:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 17:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, IRON, METRIC TON, 2016 - 2028
  1. Figure 18:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, IRON, USD, 2016 - 2028
  1. Figure 19:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 20:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, MANGANESE, METRIC TON, 2016 - 2028
  1. Figure 21:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, MANGANESE, USD, 2016 - 2028
  1. Figure 22:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 23:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, MOLYBDENUM, METRIC TON, 2016 - 2028
  1. Figure 24:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, MOLYBDENUM, USD, 2016 - 2028
  1. Figure 25:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 26:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, ZINC, METRIC TON, 2016 - 2028
  1. Figure 27:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, ZINC, USD, 2016 - 2028
  1. Figure 28:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 29:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, OTHERS, METRIC TON, 2016 - 2028
  1. Figure 30:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, OTHERS, USD, 2016 - 2028
  1. Figure 31:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 32:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, VOLUME, METRIC TON, 2016 - 2028
  1. Figure 33:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, VALUE, USD, 2016 - 2028
  1. Figure 34:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VOLUME SHARE(%), BY APPLICATION MODE, 2016 - 2028
  1. Figure 35:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY APPLICATION MODE, 2016 - 2028
  1. Figure 36:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, FERTIGATION, METRIC TON, 2016 - 2028
  1. Figure 37:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, FERTIGATION, USD, 2016 - 2028
  1. Figure 38:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 39:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, FOLIAR, METRIC TON, 2016 - 2028
  1. Figure 40:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, FOLIAR, USD, 2016 - 2028
  1. Figure 41:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 42:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, SOIL, METRIC TON, 2016 - 2028
  1. Figure 43:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, SOIL, USD, 2016 - 2028
  1. Figure 44:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 45:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, VOLUME, METRIC TON, 2016 - 2028
  1. Figure 46:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, VALUE, USD, 2016 - 2028
  1. Figure 47:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VOLUME SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 48:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 49:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, FIELD CROPS, METRIC TON, 2016 - 2028
  1. Figure 50:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, FIELD CROPS, USD, 2016 - 2028
  1. Figure 51:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY PRODUCT, 2016 - 2028
  1. Figure 52:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, HORTICULTURAL CROPS, METRIC TON, 2016 - 2028
  1. Figure 53:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, HORTICULTURAL CROPS, USD, 2016 - 2028
  1. Figure 54:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY PRODUCT, 2016 - 2028
  1. Figure 55:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, TURF & ORNAMENTAL, METRIC TON, 2016 - 2028
  1. Figure 56:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, TURF & ORNAMENTAL, USD, 2016 - 2028
  1. Figure 57:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY PRODUCT, 2016 - 2028
  1. Figure 58:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY REGION, VOLUME, METRIC TON, 2016 - 2028
  1. Figure 59:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY REGION, VALUE, USD, 2016 - 2028
  1. Figure 60:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VOLUME SHARE(%), BY REGION, 2016 - 2028
  1. Figure 61:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY REGION, 2016 - 2028
  1. Figure 62:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, VOLUME, METRIC TON, 2016 - 2028
  1. Figure 63:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, VALUE, USD, 2016 - 2028
  1. Figure 64:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VOLUME SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 65:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 66:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, AUSTRALIA, METRIC TON, 2016 - 2028
  1. Figure 67:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, AUSTRALIA, USD, 2016 - 2028
  1. Figure 68:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 69:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, BANGLADESH, METRIC TON, 2016 - 2028
  1. Figure 70:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, BANGLADESH, USD, 2016 - 2028
  1. Figure 71:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 72:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, CHINA, METRIC TON, 2016 - 2028
  1. Figure 73:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, CHINA, USD, 2016 - 2028
  1. Figure 74:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 75:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, INDIA, METRIC TON, 2016 - 2028
  1. Figure 76:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, INDIA, USD, 2016 - 2028
  1. Figure 77:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 78:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, INDONESIA, METRIC TON, 2016 - 2028
  1. Figure 79:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, INDONESIA, USD, 2016 - 2028
  1. Figure 80:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 81:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, JAPAN, METRIC TON, 2016 - 2028
  1. Figure 82:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, JAPAN, USD, 2016 - 2028
  1. Figure 83:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 84:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, PAKISTAN, METRIC TON, 2016 - 2028
  1. Figure 85:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, PAKISTAN, USD, 2016 - 2028
  1. Figure 86:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 87:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, PHILIPPINES, METRIC TON, 2016 - 2028
  1. Figure 88:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, PHILIPPINES, USD, 2016 - 2028
  1. Figure 89:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 90:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, THAILAND, METRIC TON, 2016 - 2028
  1. Figure 91:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, THAILAND, USD, 2016 - 2028
  1. Figure 92:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 93:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, VIETNAM, METRIC TON, 2016 - 2028
  1. Figure 94:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, VIETNAM, USD, 2016 - 2028
  1. Figure 95:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 96:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, REST OF ASIA-PACIFIC, METRIC TON, 2016 - 2028
  1. Figure 97:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, REST OF ASIA-PACIFIC, USD, 2016 - 2028
  1. Figure 98:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 99:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, VOLUME, METRIC TON, 2016 - 2028
  1. Figure 100:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, VALUE, USD, 2016 - 2028
  1. Figure 101:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VOLUME SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 102:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 103:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, FRANCE, METRIC TON, 2016 - 2028
  1. Figure 104:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, FRANCE, USD, 2016 - 2028
  1. Figure 105:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 106:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, GERMANY, METRIC TON, 2016 - 2028
  1. Figure 107:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, GERMANY, USD, 2016 - 2028
  1. Figure 108:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 109:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, ITALY, METRIC TON, 2016 - 2028
  1. Figure 110:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, ITALY, USD, 2016 - 2028
  1. Figure 111:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 112:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, NETHERLANDS, METRIC TON, 2016 - 2028
  1. Figure 113:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, NETHERLANDS, USD, 2016 - 2028
  1. Figure 114:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 115:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, RUSSIA, METRIC TON, 2016 - 2028
  1. Figure 116:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, RUSSIA, USD, 2016 - 2028
  1. Figure 117:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 118:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, SPAIN, METRIC TON, 2016 - 2028
  1. Figure 119:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, SPAIN, USD, 2016 - 2028
  1. Figure 120:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 121:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, UKRAINE, METRIC TON, 2016 - 2028
  1. Figure 122:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, UKRAINE, USD, 2016 - 2028
  1. Figure 123:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 124:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, UNITED KINGDOM, METRIC TON, 2016 - 2028
  1. Figure 125:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, UNITED KINGDOM, USD, 2016 - 2028
  1. Figure 126:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 127:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, REST OF EUROPE, METRIC TON, 2016 - 2028
  1. Figure 128:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, REST OF EUROPE, USD, 2016 - 2028
  1. Figure 129:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 130:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, VOLUME, METRIC TON, 2016 - 2028
  1. Figure 131:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, VALUE, USD, 2016 - 2028
  1. Figure 132:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VOLUME SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 133:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 134:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, NIGERIA, METRIC TON, 2016 - 2028
  1. Figure 135:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, NIGERIA, USD, 2016 - 2028
  1. Figure 136:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 137:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, SAUDI ARABIA, METRIC TON, 2016 - 2028
  1. Figure 138:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, SAUDI ARABIA, USD, 2016 - 2028
  1. Figure 139:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 140:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, SOUTH AFRICA, METRIC TON, 2016 - 2028
  1. Figure 141:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, SOUTH AFRICA, USD, 2016 - 2028
  1. Figure 142:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 143:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, TURKEY, METRIC TON, 2016 - 2028
  1. Figure 144:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, TURKEY, USD, 2016 - 2028
  1. Figure 145:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 146:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, REST OF MIDDLE EAST & AFRICA, METRIC TON, 2016 - 2028
  1. Figure 147:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, REST OF MIDDLE EAST & AFRICA, USD, 2016 - 2028
  1. Figure 148:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 149:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, VOLUME, METRIC TON, 2016 - 2028
  1. Figure 150:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, VALUE, USD, 2016 - 2028
  1. Figure 151:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VOLUME SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 152:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 153:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, CANADA, METRIC TON, 2016 - 2028
  1. Figure 154:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, CANADA, USD, 2016 - 2028
  1. Figure 155:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 156:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, MEXICO, METRIC TON, 2016 - 2028
  1. Figure 157:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, MEXICO, USD, 2016 - 2028
  1. Figure 158:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 159:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, UNITED STATES, METRIC TON, 2016 - 2028
  1. Figure 160:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, UNITED STATES, USD, 2016 - 2028
  1. Figure 161:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 162:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, REST OF NORTH AMERICA, METRIC TON, 2016 - 2028
  1. Figure 163:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, REST OF NORTH AMERICA, USD, 2016 - 2028
  1. Figure 164:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 165:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, VOLUME, METRIC TON, 2016 - 2028
  1. Figure 166:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, VALUE, USD, 2016 - 2028
  1. Figure 167:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VOLUME SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 168:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 169:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, ARGENTINA, METRIC TON, 2016 - 2028
  1. Figure 170:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, ARGENTINA, USD, 2016 - 2028
  1. Figure 171:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 172:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, BRAZIL, METRIC TON, 2016 - 2028
  1. Figure 173:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, BRAZIL, USD, 2016 - 2028
  1. Figure 174:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 175:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, REST OF SOUTH AMERICA, METRIC TON, 2016 - 2028
  1. Figure 176:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, REST OF SOUTH AMERICA, USD, 2016 - 2028
  1. Figure 177:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 178:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
  1. Figure 179:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
  1. Figure 180:  
  2. GLOBAL MICRONUTRIENT FERTILIZER MARKET SHARE(%), BY MAJOR PLAYERS, 2021

Micronutrient Fertilizer Industry Segmentation

Boron, Copper, Iron, Manganese, Molybdenum, Zinc, Others are covered as segments by Product. Fertigation, Foliar, Soil are covered as segments by Application Mode. Field Crops, Horticultural Crops, Turf & Ornamental are covered as segments by Crop Type. Asia-Pacific, Europe, Middle East & Africa, North America, South America are covered as segments by Region.
Product
Boron
Copper
Iron
Manganese
Molybdenum
Zinc
Others
Application Mode
Fertigation
Foliar
Soil
Crop Type
Field Crops
Horticultural Crops
Turf & Ornamental
Region
Asia-Pacific
Australia
Bangladesh
China
India
Indonesia
Japan
Pakistan
Philippines
Thailand
Vietnam
Rest Of Asia-Pacific
Europe
France
Germany
Italy
Netherlands
Russia
Spain
Ukraine
United Kingdom
Rest Of Europe
Middle East & Africa
Nigeria
Saudi Arabia
South Africa
Turkey
Rest Of Middle East & Africa
North America
Canada
Mexico
United States
Rest Of North America
South America
Argentina
Brazil
Rest Of South America
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Market Definition

  • AVERAGE NUTRIENT APPLICATION RATE - This refers to the average volume of nutrient consumed per hectare of farmland in each country.
  • CROP TYPES COVERED - Field Crops: Cereals, Pulses, Oilseeds, Fiber Crops, and Forage Crops, Horticulture: Fruits, Vegetables, Plantation Crops and Spices, Turf Grass and Ornamentals
  • MARKET ESTIMATION LEVEL - Market Estimations for various types of fertilizers has been done at the product-level and not at the nutrient-level.
  • NUTRIENT TYPES COVERED - Micronutients: Zn, Mn, Cu, Fe, Mo, B, and Others
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Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period for each country.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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Micronutrient Fertilizer Market Research FAQs

The Global Micronutrient Fertilizer Market size is expected to reach USD 5.60 billion in 2024 and grow at a CAGR of 6.65% to reach USD 8.24 billion by 2030.

In 2024, the Global Micronutrient Fertilizer Market size is expected to reach USD 5.60 billion.

Coromandel International Limited, K+S AKTIENGESELLSCHAFT, Koch Industries Inc., The Mosaic Company and Yara International are the major companies operating in the Global Micronutrient Fertilizer Market.

In the Global Micronutrient Fertilizer Market, the Zinc segment accounts for the largest share by product.

In 2024, Asia-Pacific accounts for the largest share by region in the Global Micronutrient Fertilizer Market.

In 2023, the Global Micronutrient Fertilizer Market size was estimated at USD 5.29 billion. The report covers the Global Micronutrient Fertilizer Market historical market size for years: 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Micronutrient Fertilizer Market size for years: 2024, 2025, 2026, 2027, 2028, 2029 and 2030.

Micronutrient Fertilizer Industry Report

Statistics for the 2024 Micronutrient Fertilizer market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Micronutrient Fertilizer analysis includes a market forecast outlook to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Micronutrient Fertilizer Market Report Snapshots

Micronutrient Fertilizers Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2030)