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Micronutrient Fertilizers-Global Market Insights and Sales Trends 2025
Synopsis
Nutrients and Micronutrient Fertilizers are developed specifically to supply crops additional micronutrients - boron, calcium, copper, iron, magnesium, manganese, molybdenum, sulphur and zinc as well as the macro nutrients - nitrogen, phosphate and potash, as both single nutrient and multi nutrient formulations.
The global Micronutrient Fertilizers market size is expected to reach US$ 5781.1 million by 2029, growing at a CAGR of 3.1% from 2023 to 2029. The market is mainly driven by the significant applications of Micronutrient Fertilizers in various end use industries. The expanding demands from the Grains and Cereals, Oil Crops, Fruits and Vegetables and Others, are propelling Micronutrient Fertilizers market. Fe Fertilizer, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Mn Fertilizer segment is estimated at % CAGR for the next seven-year period.
According to the 2022 Statistical Yearbook of the United Nations Agricultural and Food Organization, there are about 866 million people work in agriculture, accounting for more than a quarter of the world's total labor force and creating $3.6 trillion in added value. According to data, North America was the region with the most fertilizer use in the world in 2021, accounting for 32.6% of the global fertilizer market size. From the perspective of demand, the proportion of micro-fertilizers used in many European countries has reached 45-60%, and the proportion of use in the United States was as high as 60-70%. According to our “Agriculture Research Center”, the global fertilizer consumption was nearly 200 million tons in 2022. According to the National Bureau of Statistics, the total output value of China's fertilizer manufacturing industry in 2021 was 618.572 billion yuan, with a year-on-year increase of 5.05%. Global fertilizer consumption in 2021 increased by nearly 12 million tons, which compared to 2020.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Micronutrient Fertilizers, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Micronutrient Fertilizers market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Micronutrient Fertilizers market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Micronutrient Fertilizers sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Micronutrient Fertilizers covered in this report include Haifa Group, Agrium Inc., Yara, BASF, Valagro, Mosaic Company, Tradecorp and Agriculture Solutions, etc.
The global Micronutrient Fertilizers market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Haifa Group
Agrium Inc.
Yara
BASF
Valagro
Mosaic Company
Tradecorp
Agriculture Solutions
Global Micronutrient Fertilizers market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Micronutrient Fertilizers market, Segment by Type:
Fe Fertilizer
Mn Fertilizer
Zn Fertilizer
Cu Fertilizer
Combi Fertilizer
Global Micronutrient Fertilizers market, by Application
Grains and Cereals
Oil Crops
Fruits and Vegetables
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Micronutrient Fertilizers manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Micronutrient Fertilizers in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Nutrients and Micronutrient Fertilizers are developed specifically to supply crops additional micronutrients - boron, calcium, copper, iron, magnesium, manganese, molybdenum, sulphur and zinc as well as the macro nutrients - nitrogen, phosphate and potash, as both single nutrient and multi nutrient formulations.
The global Micronutrient Fertilizers market size is expected to reach US$ 5781.1 million by 2029, growing at a CAGR of 3.1% from 2023 to 2029. The market is mainly driven by the significant applications of Micronutrient Fertilizers in various end use industries. The expanding demands from the Grains and Cereals, Oil Crops, Fruits and Vegetables and Others, are propelling Micronutrient Fertilizers market. Fe Fertilizer, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Mn Fertilizer segment is estimated at % CAGR for the next seven-year period.
According to the 2022 Statistical Yearbook of the United Nations Agricultural and Food Organization, there are about 866 million people work in agriculture, accounting for more than a quarter of the world's total labor force and creating $3.6 trillion in added value. According to data, North America was the region with the most fertilizer use in the world in 2021, accounting for 32.6% of the global fertilizer market size. From the perspective of demand, the proportion of micro-fertilizers used in many European countries has reached 45-60%, and the proportion of use in the United States was as high as 60-70%. According to our “Agriculture Research Center”, the global fertilizer consumption was nearly 200 million tons in 2022. According to the National Bureau of Statistics, the total output value of China's fertilizer manufacturing industry in 2021 was 618.572 billion yuan, with a year-on-year increase of 5.05%. Global fertilizer consumption in 2021 increased by nearly 12 million tons, which compared to 2020.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Micronutrient Fertilizers, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Micronutrient Fertilizers market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Micronutrient Fertilizers market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Micronutrient Fertilizers sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Micronutrient Fertilizers covered in this report include Haifa Group, Agrium Inc., Yara, BASF, Valagro, Mosaic Company, Tradecorp and Agriculture Solutions, etc.
The global Micronutrient Fertilizers market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Haifa Group
Agrium Inc.
Yara
BASF
Valagro
Mosaic Company
Tradecorp
Agriculture Solutions
Global Micronutrient Fertilizers market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Micronutrient Fertilizers market, Segment by Type:
Fe Fertilizer
Mn Fertilizer
Zn Fertilizer
Cu Fertilizer
Combi Fertilizer
Global Micronutrient Fertilizers market, by Application
Grains and Cereals
Oil Crops
Fruits and Vegetables
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Micronutrient Fertilizers manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Micronutrient Fertilizers in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Micronutrient Fertilizers Market Overview
1.1 Micronutrient Fertilizers Product Overview
1.2 Micronutrient Fertilizers Market Segment by Type
1.2.1 Fe Fertilizer
1.2.2 Mn Fertilizer
1.2.3 Zn Fertilizer
1.2.4 Cu Fertilizer
1.2.5 Combi Fertilizer
1.3 Global Micronutrient Fertilizers Market Size by Type
1.3.1 Global Micronutrient Fertilizers Market Size Overview by Type (2018-2029)
1.3.2 Global Micronutrient Fertilizers Historic Market Size Review by Type (2018-2023)
1.3.3 Global Micronutrient Fertilizers Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Micronutrient Fertilizers Sales Breakdown by Type (2018-2023)
1.4.2 Europe Micronutrient Fertilizers Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Micronutrient Fertilizers Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Micronutrient Fertilizers Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Micronutrient Fertilizers Sales Breakdown by Type (2018-2023)
2 Global Micronutrient Fertilizers Market Competition by Company
2.1 Global Top Players by Micronutrient Fertilizers Sales (2018-2023)
2.2 Global Top Players by Micronutrient Fertilizers Revenue (2018-2023)
2.3 Global Top Players by Micronutrient Fertilizers Price (2018-2023)
2.4 Global Top Manufacturers Micronutrient Fertilizers Manufacturing Base Distribution, Sales Area, Product Type
2.5 Micronutrient Fertilizers Market Competitive Situation and Trends
2.5.1 Micronutrient Fertilizers Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Micronutrient Fertilizers Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Micronutrient Fertilizers as of 2022)
2.7 Date of Key Manufacturers Enter into Micronutrient Fertilizers Market
2.8 Key Manufacturers Micronutrient Fertilizers Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Micronutrient Fertilizers Status and Outlook by Region
3.1 Global Micronutrient Fertilizers Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Micronutrient Fertilizers Historic Market Size by Region
3.2.1 Global Micronutrient Fertilizers Sales in Volume by Region (2018-2023)
3.2.2 Global Micronutrient Fertilizers Sales in Value by Region (2018-2023)
3.2.3 Global Micronutrient Fertilizers Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Micronutrient Fertilizers Forecasted Market Size by Region
3.3.1 Global Micronutrient Fertilizers Sales in Volume by Region (2024-2029)
3.3.2 Global Micronutrient Fertilizers Sales in Value by Region (2024-2029)
3.3.3 Global Micronutrient Fertilizers Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Micronutrient Fertilizers by Application
4.1 Micronutrient Fertilizers Market Segment by Application
4.1.1 Grains and Cereals
4.1.2 Oil Crops
4.1.3 Fruits and Vegetables
4.1.4 Others
4.2 Global Micronutrient Fertilizers Market Size by Application
4.2.1 Global Micronutrient Fertilizers Market Size Overview by Application (2018-2029)
4.2.2 Global Micronutrient Fertilizers Historic Market Size Review by Application (2018-2023)
4.2.3 Global Micronutrient Fertilizers Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Micronutrient Fertilizers Sales Breakdown by Application (2018-2023)
4.3.2 Europe Micronutrient Fertilizers Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Micronutrient Fertilizers Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Micronutrient Fertilizers Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Micronutrient Fertilizers Sales Breakdown by Application (2018-2023)
5 North America Micronutrient Fertilizers by Country
5.1 North America Micronutrient Fertilizers Historic Market Size by Country
5.1.1 North America Micronutrient Fertilizers Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Micronutrient Fertilizers Sales in Volume by Country (2018-2023)
5.1.3 North America Micronutrient Fertilizers Sales in Value by Country (2018-2023)
5.2 North America Micronutrient Fertilizers Forecasted Market Size by Country
5.2.1 North America Micronutrient Fertilizers Sales in Volume by Country (2024-2029)
5.2.2 North America Micronutrient Fertilizers Sales in Value by Country (2024-2029)
6 Europe Micronutrient Fertilizers by Country
6.1 Europe Micronutrient Fertilizers Historic Market Size by Country
6.1.1 Europe Micronutrient Fertilizers Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Micronutrient Fertilizers Sales in Volume by Country (2018-2023)
6.1.3 Europe Micronutrient Fertilizers Sales in Value by Country (2018-2023)
6.2 Europe Micronutrient Fertilizers Forecasted Market Size by Country
6.2.1 Europe Micronutrient Fertilizers Sales in Volume by Country (2024-2029)
6.2.2 Europe Micronutrient Fertilizers Sales in Value by Country (2024-2029)
7 Asia-Pacific Micronutrient Fertilizers by Region
7.1 Asia-Pacific Micronutrient Fertilizers Historic Market Size by Region
7.1.1 Asia-Pacific Micronutrient Fertilizers Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Micronutrient Fertilizers Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Micronutrient Fertilizers Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Micronutrient Fertilizers Forecasted Market Size by Region
7.2.1 Asia-Pacific Micronutrient Fertilizers Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Micronutrient Fertilizers Sales in Value by Region (2024-2029)
8 Latin America Micronutrient Fertilizers by Country
8.1 Latin America Micronutrient Fertilizers Historic Market Size by Country
8.1.1 Latin America Micronutrient Fertilizers Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Micronutrient Fertilizers Sales in Volume by Country (2018-2023)
8.1.3 Latin America Micronutrient Fertilizers Sales in Value by Country (2018-2023)
8.2 Latin America Micronutrient Fertilizers Forecasted Market Size by Country
8.2.1 Latin America Micronutrient Fertilizers Sales in Volume by Country (2024-2029)
8.2.2 Latin America Micronutrient Fertilizers Sales in Value by Country (2024-2029)
9 Middle East and Africa Micronutrient Fertilizers by Country
9.1 Middle East and Africa Micronutrient Fertilizers Historic Market Size by Country
9.1.1 Middle East and Africa Micronutrient Fertilizers Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Micronutrient Fertilizers Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Micronutrient Fertilizers Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Micronutrient Fertilizers Forecasted Market Size by Country
9.2.1 Middle East and Africa Micronutrient Fertilizers Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Micronutrient Fertilizers Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Haifa Group
10.1.1 Haifa Group Company Information
10.1.2 Haifa Group Introduction and Business Overview
10.1.3 Haifa Group Micronutrient Fertilizers Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Haifa Group Micronutrient Fertilizers Products Offered
10.1.5 Haifa Group Recent Development
10.2 Agrium Inc.
10.2.1 Agrium Inc. Company Information
10.2.2 Agrium Inc. Introduction and Business Overview
10.2.3 Agrium Inc. Micronutrient Fertilizers Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Agrium Inc. Micronutrient Fertilizers Products Offered
10.2.5 Agrium Inc. Recent Development
10.3 Yara
10.3.1 Yara Company Information
10.3.2 Yara Introduction and Business Overview
10.3.3 Yara Micronutrient Fertilizers Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Yara Micronutrient Fertilizers Products Offered
10.3.5 Yara Recent Development
10.4 BASF
10.4.1 BASF Company Information
10.4.2 BASF Introduction and Business Overview
10.4.3 BASF Micronutrient Fertilizers Sales, Revenue and Gross Margin (2018-2023)
10.4.4 BASF Micronutrient Fertilizers Products Offered
10.4.5 BASF Recent Development
10.5 Valagro
10.5.1 Valagro Company Information
10.5.2 Valagro Introduction and Business Overview
10.5.3 Valagro Micronutrient Fertilizers Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Valagro Micronutrient Fertilizers Products Offered
10.5.5 Valagro Recent Development
10.6 Mosaic Company
10.6.1 Mosaic Company Company Information
10.6.2 Mosaic Company Introduction and Business Overview
10.6.3 Mosaic Company Micronutrient Fertilizers Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Mosaic Company Micronutrient Fertilizers Products Offered
10.6.5 Mosaic Company Recent Development
10.7 Tradecorp
10.7.1 Tradecorp Company Information
10.7.2 Tradecorp Introduction and Business Overview
10.7.3 Tradecorp Micronutrient Fertilizers Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Tradecorp Micronutrient Fertilizers Products Offered
10.7.5 Tradecorp Recent Development
10.8 Agriculture Solutions
10.8.1 Agriculture Solutions Company Information
10.8.2 Agriculture Solutions Introduction and Business Overview
10.8.3 Agriculture Solutions Micronutrient Fertilizers Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Agriculture Solutions Micronutrient Fertilizers Products Offered
10.8.5 Agriculture Solutions Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Micronutrient Fertilizers Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Micronutrient Fertilizers Industrial Chain Analysis
11.4 Micronutrient Fertilizers Market Dynamics
11.4.1 Micronutrient Fertilizers Industry Trends
11.4.2 Micronutrient Fertilizers Market Drivers
11.4.3 Micronutrient Fertilizers Market Challenges
11.4.4 Micronutrient Fertilizers Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Micronutrient Fertilizers Distributors
12.3 Micronutrient Fertilizers Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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