Micronutrient Fertilizers Market
Global Micronutrient Fertilizers Market Size, Share & Trends Analysis Report by Nutrient (Zinc, Manganese, Copper, Boron, Molybdenum, Iron, and Others), by Form (Chelated Micronutrient and Non-Chelated Micronutrient), by Crop Type (Cereals & Grains, Fruits & Vegetables, Pulses & Oilseeds, and Others), and by Application (Soil, Foliar, Fertigation, Seed treatment, and Others), Forecast (2021-2027) Update Available - Forecast 2024-2030
The global micronutrient fertilizers market is anticipated to grow at a significant CAGR of 7.5% during the forecast period. The growing investment in R&D for the development of affordable and efficient micronutrient fertilizers by key market players is driving the growth of the micronutrient fertilizers market. For instance, in 2019, AgXplore, a manufacturer of nitrogen management products, specialty fertilizers, adjuvants and micronutrients introduced Microcoat. Microcoat is a blend of five essential micro and secondary nutrients: magnesium, sulfur, manganese, molybdenum, and zinc to dry fertilizer. The company claims that Microcoat provides even coating of fertilizer granules for efficient nutrient delivery. Further adding to the developments of essential micronutrients due to decrease in nutrients in the soil., in 2019, Indian Farmers Fertilisers Cooperative Limited (IFFCO), signed a take-or-pay supply agreement with UK based Sirius Minerals Plc for supply of POLY4, a multi-nutrient fertiliser in India. The POLY4 product has four essential macronutrients and micronutrient like Boron which help in addressing the nutrient deficiency of soil.
Impact of COVID-19 Pandemic on Global Micronutrient Fertilizers Market
Farmers struggled to keep pace with demand and faced shortage of agricultural inputs during the worldwide lockdown due to COVID-19 pandemic. The disruption in supply chain also occurred due to restrictions on workers and logistical difficulties. But soon after the upliftment of lockdown the operations started to be normal as companies’ ramp up their production capacities to carter growing demand.
Segmental Outlook
The global micronutrient fertilizers market is segmented based on the nutrient, form, crop type and application. Based on the nutrient, the market is segmented into zinc, manganese, copper, boron, molybdenum, iron, and other nutrients (nickel and chlorine). Based on the form, the market is sub-segmented into chelated micronutrient and non-chelated micronutrient. Based on the crop type, the market is sub segmented into cereals & grains, fruits & vegetables, pulses and oilseeds, others (turfs, ornamentals, plantation crops, forages, and fiber crops) and based on the application the market is sub segmented into soil, foliar, fertigation, seed treatment, others (trunk injection and implantation). The above-mentioned segments can be customized as per the requirements
Global Micronutrient Fertilizers Market Share by Crop Type, 2020 (%)
The Fruits & Vegetable Segment is Anticipated to Hold the Major Share in the Global Micronutrient Fertilizers Market
The fruits & vegetables segment is projected to increase at a rapid pace during the forecast period, owing to the growing production and rising demand for fruits & vegetables. Due to increasing exports of fruits & vegetables and growing health consciousness among consumers, the demand has been constantly rising which has led to an increase in the crop plantation area and as a result boosting the utilization of global agricultural micronutrients in the crops. According to Invest India, In April-June 2020-21, fresh fruits and vegetables worth $584.5 million were exported rising to $637.7 million in April-June 2021-22. During 2018-19, India exported fruits and vegetables worth $1,469.33 million.
Regional Outlooks
The global Micronutrient Fertilizers market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). The market can be analyzed for particular region or country level as per the requirement.
Global Micronutrient Fertilizers Market Growth, by Region 2021-2027
The Asia-Pacific Region Expected to Hold Considerable Share in the Global Micronutrient Fertilizers Market
Rise in demand for food grains and decrease in nutrients in the soil are major factors driving the market in India. Companies in India are continuously striving to make product launches to carter this demand. For instance, in 2021 Coromandel International Limited. GroShakti Plus’ is a new technology and superior complex Fertilizer with EnPhos Technology and Zincated 14-35-14.the Company claims GroShakti Plus would be offering to the farming community and supports them in enhancing their yield and quality. Furthermore Mahadhan, a flagship brand of Deepak Fertilizers and Petrochemicals Corporation Limited (DFPCL), launched an innovative fertilizer, Mahadhan Smartek. “Smartek” is a non-conventional fertilizer that nurtures soil, strengthens roots and improves nutrient absorbing capability of the roots. It has been developed particularly to help farmers improve the quality and yield of their crops and increase their cost benefit ratios.
Market Players Outlook
The major companies serving the global micronutrient fertilizers market include Yara International ASA, BASF SE, The Mosaic Company, Coromandel International Ltd., INDIAN FARMERS FERTILISER COOPERATIVE LTD., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in 2021, ICL completed the acquisition of Compass Minerals América do Sul S.A., which includes the South American Plant Nutrition business of Compass Minerals. This acquisition will allow ICL to offer its customers the wide-ranging and most advanced portfolio of plant nutrition products, having the entire agricultural value chain.
The Report Covers
• Market value data analysis of 2020 and forecast to 2027.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global micronutrient fertilizers market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Micronutrient Fertilizers Market
• Recovery Scenario Of Global Micronutrient Fertilizers Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Yara International ASA
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. BASF SE
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. The Mosaic Co.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Coromandel International Ltd.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. INDIAN FARMERS FERTILISER COOPERATIVE LTD.
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Key Strategy Analysis
3.7. Impact of Covid-19 on Key Players
4. Market Segmentation
4.1. Global Micronutrient Fertilizers Market By Nutrient
4.1.1. Zinc
4.1.2. Manganese
4.1.3. Copper
4.1.4. Boron
4.1.5. Molybdenum
4.1.6. Iron
4.1.7. Others (Nickel and Chlorine)
4.2. Global Micronutrient Fertilizers Market By Form
4.2.1. Chelated Micronutrient
4.2.2. Non-Chelated Micronutrient
4.3. Global Micronutrient Fertilizers Market By Crop Type
4.3.1. Cereals & Grains
4.3.2. Fruits & Vegetables
4.3.3. Pulses and Oilseeds
4.3.4. Others (Turfs, Ornamentals, Plantation Crops, Forages, and Fiber Crops)
4.4. Global Micronutrient Fertilizers Market By Application
4.4.1. Soil
4.4.2. Foliar
4.4.3. Fertigation
4.4.4. Seed treatment
4.4.5. Others (Trunk Injection and Implantation)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. AgXplore International, LLC.
6.2. AkzoNobel
6.3. AXTER AgroscienceInc.
6.4. Bayer AG
6.5. Belaruskali
6.6. Compass Minerals
6.7. Corteva Agriscience
6.8. FMC Corp.
6.9. Helena Agri-Enterprises, LLC
6.10. Industries Holdings, Inc.
6.11. Israel Chemicals Ltd.
6.12. K+S Aktiengesellschaft
6.13. Land O'Lakes, Inc.
6.14. Mahadhan by Smart Chem Technologies Pvt. Ltd.
6.15. Minerals International, Inc.
6.16. Nouryon Chemicals Holding B.V.
6.17. Nufarm
6.18. Nutrien Ltd.
6.19. UPL Ltd., India
1. GLOBAL MICRONUTRIENT FERTILIZERS MARKET RESEARCH AND ANALYSIS BY NUTRIENT 2020-2027 ($ MILLION)
2. GLOBAL ZINC NUTRIENT MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL MANGANESE NUTRIENT MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL COPPER NUTRIENT MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
5. GLOBAL BORON NUTRIENT MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
6. GLOBAL MOLYBDENUM NUTRIENT MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
7. GLOBAL IRONNUTRIENT MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
8. GLOBAL OTHERS NUTRIENTS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
9. GLOBAL MICRONUTRIENT FERTILIZERS MARKET RESEARCH AND ANALYSIS BY FORM, 2020-2027 ($ MILLION)
10. GLOBAL CHELATED MICRONUTRIENT FERTILIZERS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
11. GLOBAL NON-CHELATED MICRONUTRIENT FERTILIZERS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
12. GLOBAL MICRONUTRIENT FERTILIZERS MARKET RESEARCH AND ANALYSIS BY CROP TYPE, 2020-2027
13. GLOBAL MICRONUTRIENT FERTILIZERS BY CEREALS& GRAINS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
14. GLOBAL MICRONUTRIENT FERTILIZERS BY FRUITS& VEGETABLES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
15. GLOBAL MICRONUTRIENT FERTILIZERS BY PULSES AND OIL SEEDS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
16. GLOBAL MICRONUTRIENT FERTILIZERS BY OTHERS FORMS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
17. GLOBAL MICRONUTRIENT FERTILIZERS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027
18. GLOBAL MICRONUTRIENT FERTILIZERS IN SOIL MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
19. GLOBAL MICRONUTRIENT FERTILIZERS IN FOLIAR MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
20. GLOBAL MICRONUTRIENT FERTILIZERS IN FERTIGATION MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
21. GLOBAL MICRONUTRIENT FERTILIZERS IN SEED TREATMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
22. GLOBAL MICRONUTRIENT FERTILIZERS IN OTHERS (TRUNK INJECTION AND IMPLANTATION) MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
23. GLOBAL MICRONUTRIENT FERTILIZERS MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2020-2027 ($ MILLION)
24. NORTH AMERICAN MICRONUTRIENT FERTILIZERS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
25. NORTH AMERICAN MICRONUTRIENT FERTILIZERS MARKET RESEARCH AND ANALYSIS BY NUTRIENT, 2020-2027 ($ MILLION)
26. NORTH AMERICAN MICRONUTRIENT FERTILIZERS MARKET RESEARCH AND ANALYSIS BY FORM, 2020-2027 ($ MILLION)
27. NORTH AMERICAN MICRONUTRIENT FERTILIZERS MARKET RESEARCH AND ANALYSIS BY CROP TYPE, 2020-2027 ($ MILLION)
28. NORTH AMERICAN MICRONUTRIENT FERTILIZERS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
29. EUROPEAN MICRONUTRIENT FERTILIZERS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
30. EUROPEAN MICRONUTRIENT FERTILIZERS MARKET RESEARCH AND ANALYSIS BY NUTRIENT, 2020-2027 ($ MILLION)
31. EUROPEAN MICRONUTRIENT FERTILIZERS MARKET RESEARCH AND ANALYSIS BY FORM, 2020-2027 ($ MILLION)
32. EUROPEAN MICRONUTRIENT FERTILIZERS MARKET RESEARCH AND ANALYSIS BY CROP TYPE, 2020-2027 ($ MILLION)
33. EUROPEAN MICRONUTRIENT FERTILIZERS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
34. ASIA-PACIFIC MICRONUTRIENT FERTILIZERS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
35. ASIA-PACIFIC MICRONUTRIENT FERTILIZERS MARKET RESEARCH AND ANALYSIS BY NUTRIENT, 2020-2027 ($ MILLION)
36. ASIA-PACIFIC MICRONUTRIENT FERTILIZERS MARKET RESEARCH AND ANALYSIS BY FORM, 2020-2027 ($ MILLION)
37. ASIA-PACIFIC MICRONUTRIENT FERTILIZERS MARKET RESEARCH AND ANALYSIS BY CROP TYPE, 2020-2027 ($ MILLION)
38. ASIA-PACIFIC MICRONUTRIENT FERTILIZERS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
39. REST OF THE WORLD MICRONUTRIENT FERTILIZERS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
40. REST OF THE WORLD MICRONUTRIENT FERTILIZERS MARKET RESEARCH AND ANALYSIS BY NUTRIENT, 2020-2027 ($ MILLION)
41. REST OF THE WORLD MICRONUTRIENT FERTILIZERS MARKET RESEARCH AND ANALYSIS BY FORM, 2020-2027 ($ MILLION)
42. REST OF THE WORLD MICRONUTRIENT FERTILIZERS MARKET RESEARCH AND ANALYSIS BY CROP TYPE, 2020-2027 ($ MILLION)
43. REST OF THE WORLD MICRONUTRIENT FERTILIZERS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL MICRONUTRIENT FERTILIZERS MARKET, 2020-2027 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL MICRONUTRIENT FERTILIZERS MARKET BY SEGMENT, 2020-2027 ($ MILLION)
3. RECOVERY OF GLOBAL MICRONUTRIENT FERTILIZERS MARKET, 2021-2027 (%)
4. GLOBAL MICRONUTRIENT FERTILIZERS MARKET SHARE BY NUTRIENT, 2020 VS 2027 (%)
5. GLOBAL ZINC NUTRIENT MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
6. GLOBAL MANGANESE NUTRIENT MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
7. GLOBAL COPPER NUTRIENT MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
8. GLOBAL BORON NUTRIENT MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
9. GLOBAL MOLYBDENUM NUTRIENT MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
10. GLOBAL IRON NUTRIENT MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
11. GLOBAL OTHERS NUTRIENTS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
12. GLOBAL MICRONUTRIENT FERTILIZERS MARKET SHARE BY FORM, 2020 VS 2027 (%)
13. GLOBAL CHELATED MICRONUTRIENT MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
14. GLOBAL NON- CHELATED MICRONUTRIENT MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
15. GLOBAL MICRONUTRIENT FERTILIZERS MARKET SHARE BY CROP TYPE, 2020 VS 2027 (%)
16. GLOBAL MICRONUTRIENT FERTILIZERS BY CEREALS& GRAINS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
17. GLOBAL MICRONUTRIENT FERTILIZERS BY FRUITS& VEGETABLES MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
18. GLOBAL MICRONUTRIENT FERTILIZERS BY PULSES AND OIL SEEDS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
19. GLOBAL MICRONUTRIENT FERTILIZERS BY OTHERS FORMS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
20. GLOBAL MICRONUTRIENT FERTILIZERS MARKET SHARE BY APPLICATION, 2020 VS 2027 (%)
21. GLOBAL MICRONUTRIENT FERTILIZERS IN SOIL MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
22. GLOBAL MICRONUTRIENT FERTILIZERS IN FOLIAR MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
23. GLOBAL MICRONUTRIENT FERTILIZERS IN FERTIGATION MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
24. GLOBAL MICRONUTRIENT FERTILIZERS IN SEED TREATMENT MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
25. GLOBAL MICRONUTRIENT FERTILIZERS IN OTHERS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
26. GLOBAL MICRONUTRIENT FERTILIZERS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
27. US MICRONUTRIENT FERTILIZERS MARKET SIZE, 2020-2027 ($ MILLION)
28. CANADA MICRONUTRIENT FERTILIZERS MARKET SIZE, 2020-2027 ($ MILLION)
29. UK MICRONUTRIENT FERTILIZERS MARKET SIZE, 2020-2027 ($ MILLION)
30. FRANCE MICRONUTRIENT FERTILIZERS MARKET SIZE, 2020-2027 ($ MILLION)
31. GERMANY MICRONUTRIENT FERTILIZERS MARKET SIZE, 2020-2027 ($ MILLION)
32. ITALY MICRONUTRIENT FERTILIZERS MARKET SIZE, 2020-2027 ($ MILLION)
33. SPAIN MICRONUTRIENT FERTILIZERS MARKET SIZE, 2020-2027 ($ MILLION)
34. REST OF EUROPE MICRONUTRIENT FERTILIZERS MARKET SIZE, 2020-2027 ($ MILLION)
35. INDIA MICRONUTRIENT FERTILIZERS MARKET SIZE, 2020-2027 ($ MILLION)
36. CHINA MICRONUTRIENT FERTILIZERS MARKET SIZE, 2020-2027 ($ MILLION)
37. JAPAN MICRONUTRIENT FERTILIZERS MARKET SIZE, 2020-2027 ($ MILLION)
38. SOUTH KOREA MICRONUTRIENT FERTILIZERS MARKET SIZE, 2020-2027 ($ MILLION)
39. REST OF ASIA-PACIFIC MICRONUTRIENT FERTILIZERS MARKET SIZE, 2020-2027 ($ MILLION)
40. REST OF THE WORLD MICRONUTRIENT FERTILIZERS MARKET SIZE, 2020-2027 ($ MILLION)
