The global agricultural micronutrients market size was valued at USD 5.19 billion in 2024. The market is projected to grow from USD 5.53 billion in 2025 to USD 9.03 billion by 2032, exhibiting a CAGR of 7.26% during the forecast period. Asia Pacific dominated the agricultural micronutrients market with a market share of 46.62% in 2024. Moreover, the agricultural micronutrients market size in the U.S. is projected to grow significantly, reaching an estimated value of USD 1.88 billion by 2032, driven by high application on large-acre crops. Asia Pacific dominated the agricultural micronutrients market with a market share of 46.41% in 2023.
Zinc, boron, iron, molybdenum, chloride, nickel, copper, and manganese are agricultural micronutrients applied to crops to reduce micronutrient deficiency in soil. These micronutrients are either chelated or non-chelated and can be applied to crops such as cereals, pulses & oilseeds, fruits & vegetables, and others through soil, foliar, or fertigation.
Information Source:https://www.fortunebusinessinsights.com/industry-reports/agricultural-micronutrients-market-101607
List of Key Players Mentioned in the Report:
Segmentation
Zinc Segment Gains Traction with Rising Deficiency Awareness
The agricultural micronutrients market is segmented by type into zinc, iron, boron, molybdenum, manganese, and others. The zinc segment is expected to witness substantial growth due to the increasing awareness of zinc deficiencies and its crucial role in enhancing crop health and yield. Zinc is essential for various enzymatic processes and plays a key role in plant growth and development.
Soil Segment Expands with Technological Advancements