The Asia Pacific agriculture micronutrients market is estimated to be USD 2.32 billion in 2025 and is projected to reach USD 3.66 billion by 2030, at a CAGR of 9.4%.Market growth in the region can be attributed to the rising trend of balanced crop nutrition and rising awareness regarding the importance of agricultural micronutrients, like zinc, boron, iron, manganese, copper, and molybdenum. These micronutrients maintain crop metabolism, nutrient uptake, resistance, and crop yield. Market growth is also impacted by the use of new crop formulation technology, such as chelated micronutrients, which are more stable, highly bioavailable, and result in effective nutrient delivery regardless of soil and climatic conditions. Additionally, the rising attention toward sustainable agricultural practices, efficient use of fertilizers, and government regulations and policies shaping agricultural practices are also emphasizing the use of micronutrient fertilizers as a necessary tool to enhance agricultural practices.
Key players in the Asia Pacific agriculture micronutrients market include BASF SE (Germany), Nouryon (Netherlands), Nufarm (Australia), Yara International ASA (Norway), Coromandel International Limited (India), Land O’Lakes, Inc. (US), Helena Agri-Enterprises, LLC (US), The Mosaic Company (US), Haifa Negev Technologies Ltd (Israel), Manvert (Spain), Syngenta AG (Switzerland), Zuari Agrochemicals Ltd (India), Stoller Enterprises, Inc. (US), Balchem Corp. (US), and ATP Nutrition (Canada). These companies are working to enhance their market presence by means of portfolio enhancement, innovative product developments, partnership building, and geographical expansion, with a prime emphasis on highly efficient and specialty micronutrient crop formulations. The emphasis on developing chelated crop micronutrient formulations, customized crop nutrition, and flexibility for compatibility with new application methods like fertigation and foliar application continues to remain a prime consideration.
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BASF SE
BASF SE is the world’s leading chemical company that produces a wide range of products. It operates through five divisions, namely chemicals, agricultural solutions, performance products, functional materials & solutions, and others. BASF SE’s agriculture division covers functional crop care, biotechnology, turf, ornamentals & landscape, pest control, and animal nutrition products. Under its agricultural solutions division, the company offers a broad portfolio of chelated micronutrient products. BASF SE’s micronutrient division is engaged in the research, development, production, and sale of crop nutrition products and focuses on the improvement of crop health.
The company operates in more than 80 countries and has nearly 390 production sites in Asia Pacific, Europe, South America, the Middle East & Africa, and North America. The main subsidiaries of BASF SE are BASF Performance Products France S.A.S. (France), BASF Performance Products GmbH (Austria), BASF Performance Products Ltd (China), and BASF Personal Care & Nutrition GmbH (Germany). The company has around 17 R&D centers in North America, Europe, and Asia Pacific.
Nouryon
Nouryon is the renewed name of AkzoNobel Specialty Chemicals. The Carlyle Group (US) and GIC acquired AkzoNobel Specialty Chemicals to make the company an independent and leading global specialty chemical supplier. Nouryon manufactures polymer chains, ethylene, and sulfur derivatives, bleaching and oxidizing chemicals and technologies, chelating agents, surfactants & polymers, salt, chlorine & caustic products, and other performance chemicals. The company supplies its products to the food, paints & coatings, pulp & paper, electronics, agriculture, and oil & gas industries. It offers chelates through its brand, Reolinx, which is a registered trademark used exclusively for the global distribution of various chelated micronutrients through Yara International ASA. The company has a presence in over 80 countries.
Nufarm
Nufarm is engaged in the production and marketing of agricultural chemicals and crop protection products. The company operates through two business divisions, namely crop protection and seed technologies. The company offers herbicides, insecticides, fungicides, plant growth regulators, spray tech sprayers, and turf maintenance products. It provides specialty fertilizers, such as liquid fertilizers, controlled-release fertilizers, and micronutrient products. It has a diversified range of products that deliver solutions and improve yields across a wide range of crops and market segments. Nufarm operates in Australia & New Zealand, North and South America, Europe, and Asia Pacific, with production plants in about 14 countries. It sells its products in over 100 countries.
Market Ranking
Market growth is driven by the growing demand for science-validated crop nutrition products intended to improve crop health, nutrient utilization efficiency, tolerance to abiotic stress, and overall crop-yielding potential. Additionally, the growing market pressure to improve crop productivity, quality, and address micronutrient deficiencies has led to increased acceptance of new-generation micronutrient products. As the demand for high-quality cereals, fruits & vegetables, oilseeds, and commercial crops continues to increase globally, more farmers have been adopting micronutrient products as part of fertilizer programs to meet higher crop quality and sustainability standards. This has led to constant innovation in chelated micronutrient products to meet market demands.
Major players in the Asia Pacific agriculture micronutrients market are BASF SE (Germany), Nouryon (Netherlands), Nufarm (Australia), Yara International ASA (Norway), Coromandel International Limited (India), The Mosaic Company (US), Syngenta AG (Switzerland), Haifa Negev Technologies Ltd (Israel), Manvert (Spain), Zuari Agrochemicals Ltd (India), Stoller Enterprises, Inc. (US), Balchem Corp. (US), and ATP Nutrition (Canada). These market leaders are leveraging solid R&D capacities, extensive networks for easy distribution and access, and long-term relationships with farmers, distributors, and agri-business partners to create value-enhanced solutions for agricultural micronutrients to improve crop yield, efficiency of use, and long-term soil health in line with sustainable agriculture and environmental priorities. Moreover, market leaders are emphasizing enhanced innovative solutions for agricultural micronutrients to improve yield and efficacy in line with value-driven consumer expectations and population demands.
Related Reports:
Asia Pacific Agriculture Micronutrients Market by Type (Zinc, Boron, Iron, Manganese, Molybdenum, Copper), Mode of Application (Soil, Foliar, Fertigation), Form (Chelated, Non-Chelated), Crop Type, and Country – Global Forecast to 2030
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