Agricultural Micronutrients Market to Reach USD 10.86 Billion by 2033 Amid Rising Demand for High-Yield Crops and Sustainable Farming

Agricultural Micronutrients Market Analysis

The global agricultural micronutrients market was valued at USD 5.55 billion in 2024 and is projected to grow to USD 10.86 billion between 2025 and 2033, with a compound annual growth rate (CAGR) of 7.75%. This growth is driven by the increasing demand for high-yield crops, soil nutrient deficiencies, and advancements in precision farming. The use of micronutrients not only enhances crop yields but also supports sustainable agricultural practices worldwide.

Agricultural micronutrients are essential minerals that plants require in relatively small amounts for their growth and development. These micronutrients can be broadly divided into a number of classes, such as iron (Fe), manganese (Mn), molybdenum (Mo), copper (Cu), zinc (Zn), and boron (B). They play a significant role in increasing crop yield and quality by correcting deficiencies, leading to stronger plants and better harvests. Additionally, these micronutrients enhance the ability of plants to absorb and utilize macronutrients more efficiently, reducing fertilizer wastage. They also improve plants' resilience to environmental stresses such as drought, disease, and extreme temperatures.

The Food and Agriculture Organization (FAO) lists the top agricultural-producing nations in the world as China, India, the United States, Brazil, Russia, France, Mexico, Japan, Germany, and Turkey. The growing demand for high-quality agricultural products has been a significant factor in the rising need for efficient fertilizers in the agriculture industry, leading to substantial market growth in recent years.

For example, the Directorate General of Foreign Trade, under the Ministry of Agriculture and Farmers Welfare in India, reported that agricultural product imports in India amounted to $31.4 billion, up from $22.1 billion in 2020. In 2021, the Indian agricultural produce sector also exported $43.2 billion worth of commodities, a 29.34% increase over the previous year.

Key information covered in the report

• Base Year - 2024
• Historical Period - 2021-2024
• Market Forecast - 2025-2033
• Market - US$ Billion

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In the first half of 2021, the COVID-19 pandemic caused widespread economic and healthcare disruptions, resulting in global lockdowns and border closures, which in turn disrupted supply chains. However, the introduction of relief funds and government policies, including fertilizer subsidies, stimulated trade in essential commodities such as fertilizers. According to the World Trade Organization (WTO), global trade in food and agricultural products was projected to grow by 3.5% in 2020. This rising demand for agricultural produce and inputs has surpassed supply, contributing to increasing global inflation.

Agricultural Micronutrients Market Drivers:

Growing Awareness of Micronutrient Deficiencies in Crops

The increasing awareness of micronutrient deficiencies in crops is positively influencing the agricultural micronutrient market. Farmers are beginning to realize that deficiencies in essential micronutrients, such as zinc, iron, copper, manganese, and boron, can significantly impair their crops' health and yield potential. As a result, the demand for micronutrient-rich fertilizers and soil amendments that address these deficiencies is on the rise. Additionally, ongoing research and education campaigns are contributing to this market momentum. Agricultural extension services, academic institutions, and industry associations are actively disseminating information about micronutrient deficiencies, their adverse effects on crop growth, and the benefits of incorporating micronutrient supplements into farming practices. This continuous flow of knowledge is encouraging farmers to adopt micronutrient-enriched agricultural inputs.

Increasing Shift Towards Sustainable Agriculture

Currently, the growing shift towards sustainable agriculture is driving demand for agricultural micronutrients. Farmers and agricultural stakeholders are embracing sustainable farming methods that prioritize efficient resource use, minimize environmental impacts, and enhance crop yields. This shift toward sustainability requires the use of agricultural micronutrients, including zinc, iron, copper, manganese, and boron. Moreover, the rising consumer preference for sustainably produced food products is motivating farmers to adopt practices that improve soil health and reduce reliance on chemical fertilizers and pesticides. Micronutrients are vital to this transition, as they facilitate nutrient uptake by plants, enhance soil structure, and help reduce the overall environmental footprint of farming operations.

How the Growing Demand for Zinc-Based Fertilizers is Boosting the Zinc Segment?

The zinc segment is leading the agricultural micronutrients market due to widespread zinc deficiencies in soils across the globe. Zinc is an essential micronutrient for plant growth, playing a critical role in enzyme activation, protein synthesis, and growth regulation, which makes it vital for achieving high crop productivity. The recognition of zinc deficiency in soils has increased worldwide, driving the demand for zinc-based fertilizers to fill these nutrient gaps and support healthy plant development.

The demand for zinc in agriculture is also bolstered by advancements in fertilizer formulations. For example, the development of chelated zinc products has improved the availability and absorption efficiency of zinc, making it more effective for crops. These enhanced formulations are particularly beneficial when applied via precision agriculture, which allows for optimal application rates based on specific soil and crop needs. As a result, precision farming is helping to increase zinc usage by ensuring it is applied in the appropriate amounts to maximize both crop yield and quality.

Growing Demand for Nutrient-Dense Foods in the U.S.

In the United States, consumer awareness of the nutritional content of food has significantly increased. According to the U.S. Department of Agriculture (USDA), nearly 70% of consumers prioritize purchasing foods that contain essential vitamins and minerals. This trend is directly influencing the U.S. agricultural micronutrients market. As health and wellness continue to be focal points for consumers, the demand for micronutrients that improve food quality is on the rise.

Moreover, with an increase in reported nutritional deficiencies by health organizations, there is an urgent need for farmers to adopt micronutrient solutions. A report from the National Health and Nutrition Examination Survey indicates that about 10% of the U.S. population is at risk of vitamin deficiencies, highlighting a significant gap that agricultural micronutrients can help fill. This growing demand for nutrient-dense food products reflects a strong market potential for micronutrients in agriculture across the United States.

Agricultural Micronutrients Market Industry Developments

November 2023: Nutrien Ltd. announced the launch of MicraMax™, a new product designed to address soil nutrient deficiencies and promote overall crop health. This innovative formulation is enriched with manganese, zinc, and boron, specifically targeting cereal crops such as wheat, maize, and soybeans. Nutrien emphasized that MicraMax™ enhances the effectiveness of nutrients, thereby reducing resource expenditure, making it an ideal choice for environmentally sustainable practices. The company is collaborating with farm cooperatives in North and Latin America to provide training sessions for farmers on the proper use of micro-encapsulated products, helping them achieve optimal production and profitability.

October 2023: Yara International expanded its product line with YaraVita™ Biotrace liquid, a blend of micronutrients designed to address deficiencies in zinc, copper, and iron. This product can be easily sprayed on crops; however, it is intended for application through overhead sprinklers or direct injection into plant tissues. This method aids in the utilization and recovery of essential nutrients, which are critical for the full development of plants. Yara reported that the product is particularly effective in enhancing resilience against environmental challenges, especially in drought-affected soils. The product was initially introduced in Europe and the Asia-Pacific regions, where farming activity is high and soil micronutrient levels are low. Yara is committed to providing farmers with tailored solutions to alleviate nutrient shortages.

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