The global micronutrient fertilizers market is anticipated to grow at a considerable CAGR of 7.5% during the forecast period (2021-2027). The increasing implementation of various technologies such as artificial intelligence (AI) and others by government agencies incorporating supportive policies to support farmers and fuel the food & nutrition security in the several countries is one of the major factors projected to drive the growth of the micronutrient fertilizers market. For instance, Soil Health Card (SHC) is a Government of India’s scheme promoted by the Department of Agriculture & Co-operation under the Ministry of Agriculture and Farmers’ Welfare. It is being implemented through the Department of Agriculture of all the State and Union Territory Governments. SHC is a printed report that a farmer will be handed over for each of his holdings. It will include the status of his soil with respect to 12 parameters, namely N, P, K (Macro-nutrients); S (Secondary- nutrient); Zn, Fe, Cu, Mn, Bo (Micro – nutrients); and pH, EC, OC (Physical parameters). Based on this, the SHC will also show fertilizer recommendations and soil amendment required for the farm.
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Further, in November 2021, Lucent BioSciences, Inc. closed $4.2M in investments from Emmertech, Amathaon, SVG Ventures, WUTIF Capital, Vantec/eFund and Vancouver-based angel investors. Lucent is driven by accelerating the transition of agriculture to sustainability. Lucent Bio has developed a novel patent-pending fertilizer for agriculture that uses cellulose fiber as a delivery agent. The product improves yield and soil health, is carbon neutral, non-polluting, and sustainable.
Market Coverage
• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered-
· By Nutrient
· By Form
· By Crop Type
· By Application
• Regions Covered-
· North America
· Europe
· Asia-Pacific
· Rest of the World
• Competitive Landscape– including Yara International ASA, BASF SE, The Mosaic Company, Coromandel International Ltd., INDIAN FARMERS FERTILISER COOPERATIVE LTD., and others
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Global Micronutrient Fertilizers Market Report Segment
By Nutrient
• Zinc
• Manganese
• Copper
• Boron
• Molybdenum
• Iron
• Other Nutrients (Nickel and Chlorine)
By Form
• Chelated Micronutrient
• Non-Chelated Micronutrient
By Crop Type
• Cereals & Grains
• Fruits & Vegetables
• Pulses and Oilseeds
• Others (Turfs, ornamentals, plantation crops, forages, and fiber crops)
By Application
• Soil
• Foliar
• Fertigation
• Seed treatment
• Others (Trunk injection and implantation)
Global Micronutrient Fertilizers Market Report Segment by Region
North America
· United States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest of Europe
Asia-Pacific
· India
· China
· Japan
· South Korea
· Rest of APAC
Rest of the World
· Latin America
· Middle East & Africa
Company Profiles
· AgXplore International, LLC.
· AkzoNobel
· AXTER AgroscienceInc.
· Bayer AG
· Belaruskali
· Compass Minerals
· Corteva Agriscience
· FMC Corp.
· Helena Agri-Enterprises, LLC
· Industries Holdings, Inc.
· Israel Chemicals Ltd.
· K+S Aktiengesellschaft
· Land O’Lakes, Inc.
· Mahadhan by Smart Chem Technologies Pvt. Ltd.
· Minerals International, Inc.
· Nouryon Chemicals Holding B.V.
· Nufarm
· Nutrien Ltd.
· UPL Ltd., India
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