PDF Cover

Agricultural Micronutrients Market

Agricultural Micronutrients Market

The market for Agricultural Micronutrients was estimated at $5.1 billion in 2024; it is anticipated to increase to $7.6 billion by 2030, with projections indicating growth to around $10.6 billion by 2035.

Report ID:DS1305009
Author:Vineet Pandey - Business Consultant
Published Date:
Datatree
Chemicals & Materials
Agrochemicals
Agricultural Micronutrients
Share
Connect
Report Price: $4,200
Report Summary
Market Data
Methodology
Table of Contents

Global Agricultural Micronutrients Market Outlook

Revenue, 2024

$5.1B

Forecast, 2034

$9.9B

CAGR, 2025 - 2034

6.9%

The Agricultural Micronutrients industry revenue is expected to be around $5.5 billion in 2025 and expected to showcase growth with 6.9% CAGR between 2025 and 2034. The Agricultural Micronutrients industry continues to play a crucial role in enhancing crop yield and quality, driven by the rising global demand for food and increasing focus on sustainable farming practices. Farmers and agribusinesses are increasingly adopting micronutrient supplementation to address soil deficiencies, improve plant health, and boost productivity. Additionally, technological advancements in precision agriculture, soil testing, and nutrient delivery systems are enabling more efficient and targeted application of micronutrients, reinforcing their ongoing relevance in modern agriculture and supporting the long-term sustainability of crop production.

Agricultural Micronutrients are essential elements required in small quantities for optimal plant growth, including zinc, boron, manganese, copper, and iron. They are widely applied in fertilizers, foliar sprays, and soil amendments to improve plant health, enhance resistance to diseases, and increase crop yield. Recent trends driving demand include precision farming practices, eco-friendly formulations, and increasing awareness of nutrient deficiencies. The growing adoption of integrated nutrient management and organic farming is further boosting the global market for agricultural micronutrients.

Agricultural Micronutrients market outlook with forecast trends, drivers, opportunities, supply chain, and competition 2024-2034
Agricultural Micronutrients Market Outlook

Market Key Insights

  • The Agricultural Micronutrients market is projected to grow from $5.1 billion in 2024 to $9.9 billion in 2034. This represents a CAGR of 6.9%, reflecting rising demand across Soil Fertilization, Crop Biofortification, and Hydroponics.

  • BASF SE, Yara International, and Land O'Lakes are among the leading players in this market, shaping its competitive landscape.

  • U.S. and China are the top markets within the Agricultural Micronutrients market and are expected to observe the growth CAGR of 4.5% to 6.6% between 2024 and 2030.

  • Emerging markets including Vietnam, Kenya and Colombia are expected to observe highest growth with CAGR ranging between 7.9% to 9.5%.

  • Transition like Shift Toward Biofortified Micronutrients has greater influence in United States and China market's value chain; and is expected to add $291 million of additional value to Agricultural Micronutrients industry revenue by 2030.

    .

  • The Agricultural Micronutrients market is set to add $4.8 billion between 2024 and 2034, with manufacturer targeting key segments projected to gain a larger market share.

  • With

    increasing awareness about plant nutrient deficiencies, and

    Technological Advancements in Agricultural Practices, Agricultural Micronutrients market to expand 95% between 2024 and 2034.

agricultural micronutrients market size with pie charts of major and emerging country share, CAGR, trends for 2025 and 2032
Agricultural Micronutrients - Country Share Analysis

Opportunities in the Agricultural Micronutrients

An important development in the field is also the enrichment of crops through biofortification. A method that boosts their content by incorporating micronutrients. This innovative approach has the potential to revolutionize the Agricultural Micronutrients industry by combating malnutrition and increasing the worth of crops Consequently it presents an enticing prospect, for enterprises operating in this sector.

Growth Opportunities in North America and Asia Pacific

In North America, the Agricultural Micronutrients market is thriving due to advanced farming practices and growing farmer awareness of the critical role micronutrients play in improving crop health and productivity. The competitive landscape, driven by leading industry players, continues to encourage innovation in nutrient formulations and application technologies. Rising soil deficiencies across key agricultural regions further boost demand, creating strong opportunities for specialized micronutrient products. Additionally, the integration of precision farming tools supports efficient nutrient management, strengthening the region’s overall market growth.
In the Asia Pacific region, the Agricultural Micronutrients market is flourishing as demand for improved crop quality and higher yields continues to rise. The competitive landscape features a strong mix of local and regional players offering diverse product solutions. Growth opportunities are expanding due to large-scale agricultural activities in countries like India and China, alongside the increasing adoption of contract farming. Moreover, government support for soil health improvement and modern farming techniques further accelerates the market’s upward trajectory.

Market Dynamics and Supply Chain

01

Driver: Rising Demand for High-Yield Crops Coupled with Advancements in Precision Agriculture Technologies

The growing global population and increasing food demand have also intensified the need for high-yield crops. Farmers are also focusing on optimizing crop productivity, which relies heavily on balanced soil nutrition. Agricultural micronutrients, such as zinc, boron, and manganese, play a critical role in enhancing crop growth, quality, and resistance to diseases, making them indispensable in modern farming practices. Simultaneously, advancements in precision agriculture technologies, including soil sensors, drone-assisted monitoring, and data-driven nutrient management systems, allow farmers to identify deficiencies at a micro-level and apply targeted micronutrient solutions efficiently. The combination of these factors—rising demand for higher yields and precision delivery technologies—has also created a significant growth niche for agricultural micronutrients, particularly in regions adopting smart farming solutions to maximize output while reducing wastage and environmental impact.

Farmers are also progressively shifting toward sustainable agriculture practices to meet regulatory pressures and consumer demand for eco-friendly produce. The use of micronutrients supports soil health, minimizes chemical fertilizer dependency, and improves crop resilience naturally. Innovative formulations, such as chelated micronutrients and foliar sprays, enable efficient nutrient absorption while reducing environmental footprint. This trend is also especially pronounced in organic and regenerative farming sectors, where micronutrient supplementation is also a key driver of both yield improvement and sustainability compliance.

02

Restraint: Lack of Awareness Among Farmers

One major obstacle hindering the expansion of the Agricultural Micronutrients industry is the knowledge among farmers in emerging and underdeveloped countries. Many farmers in these regions are not well informed about the significance and proper application methods for micronutrients despite their role in crop health and yield. This lack of awareness could result in either excessive nutrient supply, to crops leading to an imbalance that negatively impacts farm productivity and output thus impeding overall market progress.

03

Opportunity: Precision Farming

The paced progress in agricultural technology has led to the emergence of precision farming—a technique that harnesses information technology and data to guarantee that crops and soil get precisely what they require for optimal health and productivity. Integrating micronutrients into precision farming is an relatively uncharted territory yet it presents a promising prospect, in the Agricultural Micronutrients industry. Ensuring the delivery of micronutrients could substantially boost yields leading to improved productivity and sustainability.

04

Challenge: Limited Soil Bioavailability and Nutrient Uptake Efficiency

One of the key challenges for industry players in the agricultural micronutrients market is the poor bioavailability of micronutrients in different soil types, especially in alkaline and calcareous soils. Even when micronutrient fertilizers are applied, a large portion often becomes insoluble or unavailable to plants due to soil pH, organic matter interactions, and chemical fixation. This reduces crop response rates and discourages farmer adoption of premium formulations. Manufacturers are therefore under constant pressure to innovate chelated and nano-based delivery systems that enhance nutrient solubility, mobility, and uptake efficiency without substantially increasing production costs.

Supply Chain Landscape

1

Raw Material Procurement

Yara InternationalFMC Corporation
2

Formulation & Production

AkzoNobelBASF SE
3

Distribution

Nutrien Ltd.The Mosaic Company
4

End-User Applications

Crop ProductionHorticultureFloriculture
Agricultural Micronutrients - Supply Chain

Applications of Agricultural Micronutrients in Soil Fertilization, Crop Biofortification & Hydroponics

Soil Fertilization : Agricultural micronutrients are widely utilized in soil fertilization as they play a role in promoting plant growth by supplying necessary nutrients for growth and improving crop yield and quality. They offer a benefit by addressing nutrient deficiencies in soil and supporting sustainable farming practices. Industry players such, as BASF SE and Yara International significantly influence this field.
Crop Biofortification : Micronutrients are also utilized in crop biofortification to enhance the value in crops and offer health benefits to consumers by addressing micronutrient deficiencies in populations relying heavily on staple crops, like corn and wheat. Prominent companies engaged in this sector include Nutrien Ltd and Mosaic Company.
Hydroponics : Micronutrient use in hydroponics is becoming more popular due to the increased interest in farming practices these days. It helps plants get the nutrients even without soil. An interesting benefit is that it enhances absorption efficiency in plants for quicker growth and higher yields within a controlled setup. Big players such as Haifa Group and Agrium Inc are leading the way, in hydroponics industry.

Recent Developments

The latest advancements in the field Agricultural Micronutrients show a trend driven by the growing recognition for the importance for providing plants with balanced nutrition. Specifically focusing on the use techniques like Nanotechnology to effectively and accurately supply micronutrients to crops has become more prevalent, in the market lately.

December 2024 : NutriTech Corporation launched a micronutrient fertilizers aimed at boosting crop production and enhancing disease resistance.
November 2024 : GreenGrow Industries introduced their product range called MicroBoost designed to improve the absorption process for micronutrients, in plants.
October 2024 : AgriLife Solutions unveiled a technology that enhances the efficient supply micronutrients to plants while cutting down on waste and expenses.

Impact of Industry Transitions on the Agricultural Micronutrients Market

As a core segment of the Agrochemicals industry, the Agricultural Micronutrients market develops in line with broader industry shifts. Over recent years, transitions such as Shift Toward Biofortified Micronutrients and Adoption of Precision Agriculture Techniques have redefined priorities across the Agrochemicals sector, influencing how the Agricultural Micronutrients market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.
01

Shift Toward Biofortified Micronutrients

The agricultural micronutrients industry is transitioning toward biofortified and enriched formulations, enhancing nutrient content in crops to improve yield quality and human health. This shift impacts the seed and crop protection industries, encouraging the development of fortified fertilizers and soil amendments. Farmers benefit from improved crop resilience, higher nutritional value, and enhanced marketability, while food processing and nutraceutical sectors gain access to nutrient-rich raw materials, supporting functional foods and dietary supplements. This industry transition is expected to add $291 million in the industry revenue between 2024 and 2030.
02

Adoption of Precision Agriculture Techniques

Precision agriculture is driving the micronutrients market by enabling targeted application of fertilizers based on soil testing and crop needs. This transition affects agri-tech and irrigation industries, promoting smart sensors, drones, and automated application systems. Optimized nutrient delivery improves crop efficiency, reduces wastage, and lowers environmental impact. As a result, agricultural operations become more sustainable and cost-effective, while manufacturers of precision farming equipment and micronutrient formulations expand product offerings to meet data-driven, site-specific agricultural demands.

Related Reports
Loading related reports...