The global micronutrient fertilizers market is anticipated to grow at a considerable CAGR of 7.5% during the forecast period. 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.
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.
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Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
- 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
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)
A full Report of Micronutrient Fertilizers Market is Available at: https://www.omrglobal.com/industry-reports/micronutrient-fertilizers-market
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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