Agricultural Micronutrients Market, by Crop Type (Cereals, Pulses and Oilseeds, Fruits and Vegetables, and Others), by Product Type (Copper, Zinc, Boron, Iron, Molybdenum, Manganese, and Others), and by Application (Foliar, Fertigation, Seed Treatment, Soil, and Others) – Size, Share, Outlook, and Opportunity Analysis, 2018 - 2025

  • To Be Published : Oct 2018 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Agricultural micronutrients are useful for the growth of plants and a play significant role in balanced crop nutrition. These include zinc, manganese, nickel, boron, copper, molybdenum, and chloride. Lack of any one of these micronutrients in the soil can hamper plant growth, despite sufficient nutrients are present in sufficient amounts.

Soil application dominated the global agricultural micronutrients market, owing to their most common use, requires less labor, and time. Moreover, micronutrients directly come in contact with the roots when applied to soil, thus they are highly effective, resulting in high productivity and yield. Foliar is expected to boost growth of the global agricultural micronutrients market over the forecast period, owing to various advantages offered by foliar sprays, such as easy and uniform application, low cost of application as compared to soil application, and immediate response to nutrient applied, thus correcting the deficiencies during the growing season.

Among product types, the zinc segment is projected to demonstrate significant growth in the global agricultural micronutrients market. This is owing to various advantages offered by zinc fertilizers, such as higher crop yield and economical costs. Zinc deficiency in the soil reduces the growth and productivity of crops, thus making up for a useful component.         

Among crop types, the cereal segment witnessed highest growth, owing to the rise in consumption and demand for cereals, globally. According to Food and Agriculture Organization (FAO), the production of cereals is estimated to grow by 12% by 2025 from 2015, which is majorly augmented by yield improvements, with limited area expansion. Moreover, the consumption of cereal is estimated to increase by 14% by 2025, from 340 million tons in 2015 to 2818 million tons in 2025.                                                 

Market Dynamics

The augmenting demand for biofuels and rising soil deficiency is one of the major factors propelling growth of the global agricultural micronutrients market. The U.S. Energy Independence and Security Act (EISA) expanded the renewable fuel standard to increase biofuel production to 36 billion gallons by 2022.

Moreover, the rising urge for effective fertilizers owing to imperfect soil quality and burgeoning demand for uniform and quality yield backed by rising population is expected to drive the agricultural micronutrients market at a global level. However, lack of awareness of agricultural micronutrients among farmers, especially in the emerging economies and critical application doses of these micronutrients are key factors restraining factors for this market.

Agricultural Micronutrients Market Outlook

  • Asia Pacific held a dominant position the global agricultural micronutrients market in 2017. Growing awareness regarding the benefits of micronutrients among the growers is driving growth of the agricultural micronutrients market in India. Also, according to The National Informatics Centre (NIC),  India ranks second in agricultural production in the world and is a leading producer of various agricultural commodities, further boosting growth of the agricultural micronutrients market in the country and thereby, in Asia Pacific. Moreover, in 2017, the Indian biofuels industry aimed to invest US$ 2.25 billion in the upcoming projects over the next years to increase the industry’s value to US$ 7.5 billion by 2022.
  • North America held a significant market share in the global agricultural micronutrients market in 2017, with U.S. being the major contributor to the market growth in 2017. This is owing to rise in demand for quality food products and adoption of newer technologies for improving yield. For instance, in 2017 SUL4R-Plus LLC, a provider of innovative fertilizer products for agricultural market, introduced SUL4R-Plus B+Z fertilizer with zinc, boron, sulfur, and calcium.

Key Players

Key players operating in the global agricultural micronutrients market include The Dow Chemical Company, BASF SE, The Mosaic Company, Akzo Nobel N.V., Yara International ASA, The Potash Corporation, Land O'Lakes, Inc., Marubeni Corporation, and Nufarm Limited

Market Taxonomy

Global Agricultural Micronutrients Market is segmented into:

By Crop Type

  • Cereals
  • Pulses and Oilseeds
  • Fruits and Vegetables
  • Others (Plantation, Permanent Crops, and Floriculture.)

By Product Type

  • Copper
  • Zinc
  • Boron
  • Iron
  • Molybdenum
  • Manganese
  • Others (Nickel and Chloride)

By Application

  • Foliar
  • Fertigation
  • Seed Treatment
  • Soil
  • Others (hydroponics)

By region

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Italy
    • France
    • Russia
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Middle East
    • GCC
    • Israel
    • Rest of Middle East
  • Africa
    • Northern Africa
    • Central Africa
    • South Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Smiley face

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
Smiley face

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

Choose License Type

"How Can I Help You" ?

Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.

[email protected]

Key Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.