Micronutrient Fertilizers global market

Micronutrient Fertilizers global market

Global Micronutrient Fertilizers Market Research Report 2025

This report on the global micronutrient fertilizers market research report 2025 offers a comprehensive analysis of market size, growth drivers, emerging trends, regi

Pages: 210

Format: PDF

Date: 12-2025

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Global Micronutrient Fertilizers Market Outlook (2025–2035)

Chem Reports predicts that the Micronutrient Fertilizers Market, valued at USD xxxx million in 2024, is expected to reach USD xxxx million by 2035, growing at a CAGR of xx% globally.

Market Overview

The Global Micronutrient Fertilizers Market Report 2020 provides an extensive industry analysis of development drivers, structural patterns, market flows, and size evolution. Historical and present market values have been assessed to forecast growth trajectories for the period 2025–2035.

This research integrates primary and secondary data sources, evaluating:

  • Government policies and regulatory frameworks
  • Market environment and competitive dynamics
  • Historical performance and current trends
  • Technological innovation and upcoming advancements
  • Cross-industry technical progress

Impact of COVID-19

The outbreak of COVID-19 in December 2019 disrupted global agriculture supply chains and fertilizer distribution. Declared a public health emergency by the World Health Organization, the pandemic significantly impacted the Micronutrient Fertilizers market in 2020, with ripple effects across grains, cereals, oil crops, and horticulture sectors.

Market Segmentation

By Type

  • Chelated Micronutrients: Enhanced bioavailability, widely used in high-value crops.
  • Non-chelated Micronutrients: Conventional formulations, cost-effective for broad-acre farming.

By Application

  • Grains and Cereals
  • Oil Crops
  • Fruits and Vegetables
  • Others (horticulture, specialty crops)

Regional Analysis

  • North America: U.S., Canada, Mexico – Strong demand driven by precision agriculture and sustainable farming practices.
  • Europe: Germany, U.K., France, Italy, Russia, Spain – Adoption supported by EU sustainability regulations and advanced farming technologies.
  • Asia-Pacific: China, India, Japan, Southeast Asia – Fastest-growing region, driven by population growth, food security concerns, and government-backed fertilizer programs.
  • South America: Brazil, Argentina – Moderate growth, supported by large-scale soybean and grain cultivation.
  • Middle East & Africa: Saudi Arabia, South Africa – Emerging demand, particularly in horticulture and food security initiatives.

Key Market Players

  • Agrium Inc.
  • AkzoNobel N.V.
  • BASF
  • Haifa Chemicals Ltd.
  • Cheminova
  • Tradecorp International
  • Incitec Pivot Fertilizers Ltd.
  • The Mosaic Company
  • Valagro S.P.A
  • Yara International
  • Cheminova A/S
  • Agricultural Solutions

Strategic Insights

  • Growth Drivers: Rising demand for high-yield crops, expansion in precision agriculture, and innovation in chelated formulations.
  • Challenges: Price volatility of raw materials, regulatory hurdles, and farmer awareness gaps in developing regions.
  • Opportunities: Expansion in Asia-Pacific and Africa, innovation in eco-friendly micronutrient blends, and premium positioning in horticulture and specialty crops.

Regional Analysis

  • North America: Strong demand driven by precision agriculture, sustainability initiatives, and high-value crop production. The U.S. leads adoption due to advanced farming practices and government-backed soil health programs.
  • Europe: Germany, U.K., France, and Italy emphasize eco-friendly farming and compliance with EU sustainability regulations. Russia and Spain contribute through large-scale grain and horticulture production.
  • Asia-Pacific: Fastest-growing region, led by China, India, and Japan. Rising population, food security concerns, and government-backed fertilizer subsidies fuel growth. Southeast Asia is emerging as a hub for cost-effective micronutrient blends.
  • South America: Brazil and Argentina show moderate growth, supported by soybean, grain, and horticulture industries.
  • Middle East & Africa: Emerging demand, particularly in Saudi Arabia and South Africa, driven by food security initiatives and horticulture expansion.

Detailed Segmentation Analysis

  • By Type:
    • Chelated Micronutrients: Enhanced bioavailability, widely used in high-value crops.
    • Non-chelated Micronutrients: Conventional formulations, cost-effective for broad-acre farming.
  • By Application:
  • Grains and Cereals: Largest consumer segment, driven by demand for yield improvement.
  • Oil Crops: Significant demand in soybean and rapeseed cultivation.
  • Fruits and Vegetables: Adoption in horticulture and specialty crops.
  • Others: Niche applications in floriculture and specialty farming.

Porter’s Five Forces

  • Threat of New Entrants: Moderate; barriers include regulatory approvals and distribution networks.
  • Supplier Power: Moderate; raw material suppliers hold leverage but competition balances pricing.
  • Buyer Power: High; farmers demand cost-effective, high-performance fertilizers.
  • Threat of Substitutes: Moderate; alternatives include organic fertilizers and bio-stimulants.
  • Industry Rivalry: High; global competition among established players (Agrium, BASF, Yara, Mosaic) and regional firms.

SWOT Analysis

Strengths: Essential for crop yield improvement; strong adoption in grains, cereals, and horticulture.
Weaknesses: Price volatility of raw materials; farmer awareness gaps in developing regions.
Opportunities: Expansion in Asia-Pacific and Africa, innovation in eco-friendly micronutrient blends, premium positioning in horticulture.
Threats: Competition from organic fertilizers and bio-stimulants, regulatory tightening, and supply chain disruptions.

Trend Analysis

  • Rising demand for precision agriculture and sustainable farming practices.
  • Growth in horticulture and specialty crops.
  • Increasing adoption of chelated micronutrient formulations.
  • Expansion into emerging markets with food security initiatives.

Drivers & Challenges

Drivers:

  • Global demand for high-yield crops.
  • Rising applications in grains, cereals, and horticulture.
  • Technological innovation in fertilizer formulations.

Challenges:

  • Price volatility of raw materials.
  • Regulatory hurdles in fertilizer industries.
  • Farmer awareness gaps in developing regions.

Value Chain Analysis

  • Raw Materials: Mineral feedstocks for micronutrient synthesis.
  • Manufacturing: Fertilizer companies producing chelated and non-chelated micronutrients.
  • Distribution: Agricultural cooperatives, distributors, and direct-to-farm channels.
  • End Users: Farmers, agribusinesses, and horticulture producers.

Quick Recommendations for Stakeholders

  • Manufacturers: Invest in R&D for eco-friendly micronutrient blends; expand into Asia-Pacific and Africa.
  • Investors: Focus on companies with diversified fertilizer portfolios and strong sustainability initiatives.
  • Farmers & Agribusinesses: Adopt micronutrient fertilizers for yield improvement and sustainable farming.
  • Policy Makers: Support sustainable fertilizer use through incentives and farmer education programs.

 

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1. Market Overview of Micronutrient Fertilizers
    1.1 Micronutrient Fertilizers Market Overview
        1.1.1 Micronutrient Fertilizers Product Scope
        1.1.2 Market Status and Outlook
    1.2 Micronutrient Fertilizers Market Size by Regions:
    1.3 Micronutrient Fertilizers Historic Market Size by Regions
    1.4 Micronutrient Fertilizers Forecasted Market Size by Regions
    1.5 Covid-19 Impact on Key Regions, Keyword Market Size YoY Growth
        1.5.1 North America
        1.5.2 East Asia
        1.5.3 Europe
        1.5.4 South Asia
        1.5.5 Southeast Asia
        1.5.6 Middle East
        1.5.7 Africa
        1.5.8 Oceania
        1.5.9 South America
        1.5.10 Rest of the World
    1.6 Coronavirus Disease 2019 (Covid-19) Impact Will Have a Severe Impact on Global Growth
        1.6.1 Covid-19 Impact: Global GDP Growth,  Projections
        1.6.2 Covid-19 Impact: Commodity Prices Indices
        1.6.3 Covid-19 Impact: Global Major Government Policy
2. Covid-19 Impact Micronutrient Fertilizers Sales Market by Type
    2.1 Global Micronutrient Fertilizers Historic Market Size by Type
    2.2 Global Micronutrient Fertilizers Forecasted Market Size by Type
    2.3 Chelated
    2.4 Non-chelated
3. Covid-19 Impact Micronutrient Fertilizers Sales Market by Application
    3.1 Global Micronutrient Fertilizers Historic Market Size by Application
    3.2 Global Micronutrient Fertilizers Forecasted Market Size by Application
    3.3 Grains and Cereals
    3.4 Oil Crops
    3.5 Fruits and Vegetables
    3.6 Others
4. Covid-19 Impact Market Competition by Manufacturers
    4.1 Global Micronutrient Fertilizers Production Capacity Market Share by Manufacturers
    4.2 Global Micronutrient Fertilizers Revenue Market Share by Manufacturers
    4.3 Global Micronutrient Fertilizers Average Price by Manufacturers
5. Company Profiles and Key Figures in Micronutrient Fertilizers Business
    5.1 Agrium Inc.
        5.1.1 Agrium Inc. Company Profile
        5.1.2 Agrium Inc. Micronutrient Fertilizers Product Specification
        5.1.3 Agrium Inc. Micronutrient Fertilizers Production Capacity, Revenue, Price and Gross Margin
    5.2 Akzonobel N.V.
        5.2.1 Akzonobel N.V. Company Profile
        5.2.2 Akzonobel N.V. Micronutrient Fertilizers Product Specification
        5.2.3 Akzonobel N.V. Micronutrient Fertilizers Production Capacity, Revenue, Price and Gross Margin
    5.3 BASF
        5.3.1 BASF Company Profile
        5.3.2 BASF Micronutrient Fertilizers Product Specification
        5.3.3 BASF Micronutrient Fertilizers Production Capacity, Revenue, Price and Gross Margin
    5.4 Haifa Chemicals Ltd.
        5.4.1 Haifa Chemicals Ltd. Company Profile
        5.4.2 Haifa Chemicals Ltd. Micronutrient Fertilizers Product Specification
        5.4.3 Haifa Chemicals Ltd. Micronutrient Fertilizers Production Capacity, Revenue, Price and Gross Margin
    5.5 Cheminova
        5.5.1 Cheminova Company Profile
        5.5.2 Cheminova Micronutrient Fertilizers Product Specification
        5.5.3 Cheminova Micronutrient Fertilizers Production Capacity, Revenue, Price and Gross Margin
    5.6 Tradecorp International
        5.6.1 Tradecorp International Company Profile
        5.6.2 Tradecorp International Micronutrient Fertilizers Product Specification
        5.6.3 Tradecorp International Micronutrient Fertilizers Production Capacity, Revenue, Price and Gross Margin
    5.7 Incitec Pivot Fertilizers Ltd.
        5.7.1 Incitec Pivot Fertilizers Ltd. Company Profile
        5.7.2 Incitec Pivot Fertilizers Ltd. Micronutrient Fertilizers Product Specification
        5.7.3 Incitec Pivot Fertilizers Ltd. Micronutrient Fertilizers Production Capacity, Revenue, Price and Gross Margin
    5.8 The Mosaic Company
        5.8.1 The Mosaic Company Company Profile
        5.8.2 The Mosaic Company Micronutrient Fertilizers Product Specification
        5.8.3 The Mosaic Company Micronutrient Fertilizers Production Capacity, Revenue, Price and Gross Margin
    5.9 Valagro S.P.A
        5.9.1 Valagro S.P.A Company Profile
        5.9.2 Valagro S.P.A Micronutrient Fertilizers Product Specification
        5.9.3 Valagro S.P.A Micronutrient Fertilizers Production Capacity, Revenue, Price and Gross Margin
    5.10 Yara International
        5.10.1 Yara International Company Profile
        5.10.2 Yara International Micronutrient Fertilizers Product Specification
        5.10.3 Yara International Micronutrient Fertilizers Production Capacity, Revenue, Price and Gross Margin
    5.11 Cheminova A/S
        5.11.1 Cheminova A/S Company Profile
        5.11.2 Cheminova A/S Micronutrient Fertilizers Product Specification
        5.11.3 Cheminova A/S Micronutrient Fertilizers Production Capacity, Revenue, Price and Gross Margin
    5.12 Agricultural Solutions
        5.12.1 Agricultural Solutions Company Profile
        5.12.2 Agricultural Solutions Micronutrient Fertilizers Product Specification
        5.12.3 Agricultural Solutions Micronutrient Fertilizers Production Capacity, Revenue, Price and Gross Margin
6. North America
    6.1 North America Micronutrient Fertilizers Market Size
    6.2 North America Micronutrient Fertilizers Key Players in North America
    6.3 North America Micronutrient Fertilizers Market Size by Type
    6.4 North America Micronutrient Fertilizers Market Size by Application
7. East Asia
    7.1 East Asia Micronutrient Fertilizers Market Size
    7.2 East Asia Micronutrient Fertilizers Key Players in North America
    7.3 East Asia Micronutrient Fertilizers Market Size by Type
    7.4 East Asia Micronutrient Fertilizers Market Size by Application
8. Europe
    8.1 Europe Micronutrient Fertilizers Market Size
    8.2 Europe Micronutrient Fertilizers Key Players in North America
    8.3 Europe Micronutrient Fertilizers Market Size by Type
    8.4 Europe Micronutrient Fertilizers Market Size by Application
9. South Asia
    9.1 South Asia Micronutrient Fertilizers Market Size
    9.2 South Asia Micronutrient Fertilizers Key Players in North America
    9.3 South Asia Micronutrient Fertilizers Market Size by Type
    9.4 South Asia Micronutrient Fertilizers Market Size by Application
10. Southeast Asia
    10.1 Southeast Asia Micronutrient Fertilizers Market Size
    10.2 Southeast Asia Micronutrient Fertilizers Key Players in North America
    10.3 Southeast Asia Micronutrient Fertilizers Market Size by Type
    10.4 Southeast Asia Micronutrient Fertilizers Market Size by Application
11. Middle East
    11.1 Middle East Micronutrient Fertilizers Market Size
    11.2 Middle East Micronutrient Fertilizers Key Players in North America
    11.3 Middle East Micronutrient Fertilizers Market Size by Type
    11.4 Middle East Micronutrient Fertilizers Market Size by Application
12. Africa
    12.1 Africa Micronutrient Fertilizers Market Size
    12.2 Africa Micronutrient Fertilizers Key Players in North America
    12.3 Africa Micronutrient Fertilizers Market Size by Type
    12.4 Africa Micronutrient Fertilizers Market Size by Application
13. Oceania
    13.1 Oceania Micronutrient Fertilizers Market Size
    13.2 Oceania Micronutrient Fertilizers Key Players in North America
    13.3 Oceania Micronutrient Fertilizers Market Size by Type
    13.4 Oceania Micronutrient Fertilizers Market Size by Application
14. South America
    14.1 South America Micronutrient Fertilizers Market Size
    14.2 South America Micronutrient Fertilizers Key Players in North America
    14.3 South America Micronutrient Fertilizers Market Size by Type
    14.4 South America Micronutrient Fertilizers Market Size by Application
15. Rest of the World
    15.1 Rest of the World Micronutrient Fertilizers Market Size
    15.2 Rest of the World Micronutrient Fertilizers Key Players in North America
    15.3 Rest of the World Micronutrient Fertilizers Market Size by Type
    15.4 Rest of the World Micronutrient Fertilizers Market Size by Application
16 Micronutrient Fertilizers Market Dynamics
    16.1 Covid-19 Impact Market Top Trends
    16.2 Covid-19 Impact Market Drivers
    16.3 Covid-19 Impact Market Challenges
    16.4 Porter?s Five Forces Analysis
18 Regulatory Information
17 Analyst's Viewpoints/Conclusions
18 Appendix
    18.1 Research Methodology
        18.1.1 Methodology/Research Approach
        18.1.2 Data Source
    18.2 Disclaimer

Market Segmentation

By Type

  • Chelated Micronutrients: Enhanced bioavailability, widely used in high-value crops.
  • Non-chelated Micronutrients: Conventional formulations, cost-effective for broad-acre farming.

By Application

  • Grains and Cereals
  • Oil Crops
  • Fruits and Vegetables
  • Others (horticulture, specialty crops)

Regional Analysis

  • North America: U.S., Canada, Mexico – Strong demand driven by precision agriculture and sustainable farming practices.
  • Europe: Germany, U.K., France, Italy, Russia, Spain – Adoption supported by EU sustainability regulations and advanced farming technologies.
  • Asia-Pacific: China, India, Japan, Southeast Asia – Fastest-growing region, driven by population growth, food security concerns, and government-backed fertilizer programs.
  • South America: Brazil, Argentina – Moderate growth, supported by large-scale soybean and grain cultivation.
  • Middle East & Africa: Saudi Arabia, South Africa – Emerging demand, particularly in horticulture and food security initiatives.

Key Market Players

  • Agrium Inc.
  • AkzoNobel N.V.
  • BASF
  • Haifa Chemicals Ltd.
  • Cheminova
  • Tradecorp International
  • Incitec Pivot Fertilizers Ltd.
  • The Mosaic Company
  • Valagro S.P.A
  • Yara International
  • Cheminova A/S
  • Agricultural Solutions

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