The global agricultural micronutrients market was valued at USD 5.19 billion in 2024 and is projected to expand from USD 5.53 billion in 2025 to USD 9.03 billion by 2032, reflecting a CAGR of 7.26% over the forecast period. In the U.S., the market is expected to witness substantial growth, reaching an estimated value of USD 1.88 billion by 2032, driven by increased application on large-acre crops. Asia Pacific led the agricultural micronutrients market in 2024, holding a dominant share of 46.62%.

Zinc, boron, iron, molybdenum, chloride, nickel, copper, and manganese serve as essential agricultural micronutrients that mitigate soil micronutrient deficiencies. These nutrients, available in chelated and non-chelated forms, are applied to various crops, including cereals, pulses and oilseeds, fruits, vegetables, and others, through soil application, foliar sprays, or fertigation.

Information Source: https://www.fortunebusinessinsights.com/industry-reports/agricultural-micronutrients-market-101607

Market Segments

Zinc Segment Expected to Gain Significant Traction Due to Rising Awareness of Deficiencies

By type, the market is categorized into iron, zinc, boron, molybdenum, manganese, and others. The zinc segment is set for notable expansion, driven by increasing awareness of zinc deficiencies across multiple regions.

Soil Application Mode to Experience Robust Growth Amid Advancements in Fertilizer Technology

Based on application mode, the market is segmented into fertigation, foliar application, and soil application. The soil segment is expected to witness substantial growth, fueled by rising investments in advanced fertilizer spreaders with greater capacity.

Non-Chelated Segment to Record Strong Growth Due to Cost-Effectiveness

By form, the market is divided into chelated and non-chelated segments. The non-chelated segment is anticipated to expand significantly, primarily due to its widespread availability and lower cost compared to chelated alternatives.

Cereals Segment to Experience Notable Expansion with Increased Cultivation Rates

By crop type, the market is segmented into cereals, pulses and oilseeds, fruits and vegetables, and others. The cereals segment is projected to witness considerable growth, supported by a rising rate of cereal crop cultivation.

Regionally, the agricultural micronutrients market is divided into Asia Pacific, Europe, North America, South America, and the Middle East & Africa.

Report Coverage

The report analyzes key trends shaping industry growth in the coming years, alongside factors driving market expansion. It also examines acquisitions, mergers, and other strategic initiatives by major players to enhance their market presence.

Market Drivers and Restraints

Expansion Driven by Rising Cultivation of High-Value Crops

The growth of the agricultural micronutrients market is fueled by the increasing cultivation of high-value crops such as vegetables, fruits, ornamentals, and turf. Additionally, rising production levels of these crops are bolstering demand for micronutrients.