The Rising Importance of Agricultural Micronutrients in Boosting Crop Quality

The global agricultural micronutrients market is valued at USD 4.5 billion in 2023 and is projected to reach USD 6.9 billion by 2028, reflecting a strong CAGR of 8.6%. This growth is driven by the rising need for nutrient-rich, high-yield crops as the global population continues to increase.

What is driving the rising demand for agricultural micronutrients?

The shift toward improved crop production and quality is a major factor. Farmers are increasingly focused on enhancing yields and improving the nutritional value of their produce. Micronutrients such as zinc, iron and manganese play an essential role in boosting plant growth, nutrient absorption and overall crop resilience. Their ability to correct soil deficiencies and support healthier crops is a key reason behind their growing adoption.

How do government policies support market growth?

Government initiatives are crucial in strengthening soil health and promoting balanced nutrient management. Many countries provide subsidies for micronutrient application, encourage soil testing and offer farmer training programs. These efforts help correct soil imbalances, improve agricultural productivity and support long-term food security. By incorporating micronutrient strategies into broader agricultural plans, governments play a major role in advancing sustainable and productive farming practices.

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What opportunities are emerging in this market?

The rise of biodegradable chelates presents a significant opportunity. These environmentally friendly formulations increase the bioavailability of micronutrients and are more sustainable than traditional non-biodegradable chelates. They support eco-conscious farming practices and reduce the environmental impact associated with conventional nutrient applications. This aligns with global efforts toward circular and sustainable agriculture.

Which crop type dominates the micronutrients market?

Fruits and vegetables account for the largest agricultural micronutrients market share. Their importance in human nutrition, combined with increasing consumer demand for nutrient-dense produce, makes them a key focus area. Micronutrients enhance essential physiological processes such as photosynthesis and hormone synthesis and help prevent nutrient deficiencies in these crops. They also improve shelf life and overall crop quality. Advancements in precision agriculture and foliar spraying have made micronutrient delivery even more effective for these high-value crops.

Why is foliar application the leading mode of applying micronutrients?

Foliar application offers fast, efficient and targeted nutrient delivery directly to plant leaves. This ensures rapid nutrient uptake, which is especially critical during key growth stages. The method minimizes nutrient loss, reduces environmental impact and can be easily combined with crop protection practices. Ongoing R&D in specialized formulations has further strengthened its effectiveness and market dominance.

Why does Asia Pacific dominate the market?

Asia Pacific leads due to its large and growing population, rising income levels and increasing consumption of meat and dairy, which drive the demand for nutrient-rich feed and crops. Countries such as China and India have extensive agricultural sectors and rapidly modernizing farming practices. The region also hosts numerous feed manufacturers and has a booming aquaculture industry. This combination of factors makes Asia Pacific the most influential region in the agricultural micronutrients market.

What recent developments are shaping the industry?

In 2023, Andersons Inc. launched MicroMark DG, a granular micronutrient line designed with dispersion granule technology for improved performance. The Mosaic Company strengthened its biological solutions portfolio by acquiring Plant Response and renaming it Mosaic Biosciences. Haifa Group introduced NutriNet, a digital tool that helps farmers create highly customized fertilization programs based on soil, water and crop data.

Who are the major players in the agricultural micronutrients market?

The market is shaped by leading micronutrient companies including 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) and Haifa Negev Technologies Ltd (Israel).