Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

Global Crop Micronutrients Market to reach USD 10.9 billion by 2028

Global Crop Micronutrients Market Size study, by Form (Chelated, and Non-Chelated), by Product Type (Boron, Copper, Iron, Manganese, Molybdenum, Zinc, Others), by Crop Type (Cereals & Grains, Fruits & Vegetables, Pulses & Oilseeds, and Others), by Application (Fertigation, Soil, Foliar, Seed Treatment, Others ) and Regional Forecasts 2022-2028

Product Code: OIRAL-85746597
Publish Date: 25-05-2022
Page: 200

Global Crop Micronutrients Market is valued at approximately USD 6.5 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7.6% over the forecast period 2022-2028. Crop micronutrients are necessary nutrients for plant development and other metabolic processes. They help to improve quality, colour, taste, fertiliser efficiency, water use, disease resistance, and other factors. They also aid in the development of large and strong roots, as well as the formation of full proteins and chemicals and improved plant immunity. The global crop micronutrients market is being driven by factors such as the effectiveness of micronutrients for crop production and productivity, growing awareness among growers about the benefits of micronutrients, and shrinking agricultural land. Furthermore, government and private-sector investments assist development and new product development, resulting in increased market growth. For example, to meet the increased demand, Aries has expanded its worldwide reach by leveraging manufacturing facilities in the United Arab Emirates, with two manufacturing units located in Sharjah (for Chelated Micronutrients) and Fujairah (for Sulphur Bentonite). As part of their growth plans, these companies are making a slew of investments, new launches, and R&D to improve their positions and give better products and services to their clients around the world, which is projected to move the market forward in the approaching years. The following are some examples: Tracegro OY announced the signing of a distribution agreement with AMD Agro in Brazil in August 2020. Similarly, in April 2019, BASF SE, one of the world’s major chemical manufacturers, announced the signing of a deal with Quadra Chemicals Ltd, based in Canada, as a new distributor for its micronutrient products in Canada. The agricultural micronutrient market is restrained by the mining of micronutrient reserves, the availability of low-cost alternatives and counterfeit products, and farmers’ lack of knowledge about micronutrient dosage and administration.

The key regions considered for the global Crop Micronutrients market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. In terms of both value and volume, Asia-Pacific is the largest market for crop micronutrients. The rising demand for high-quality food, as well as farmers’ increased understanding and acceptance of micronutrients, are some of the primary reasons driving the crop micronutrient market in Asia Pacific. Furthermore, the crop micronutrients market in this region is expected to be driven by rising farming practises and the demand for high-quality agricultural output. Whereas, since many industry players are involved in the production and development of micronutrient fertilisers in North America, the industry is fragmented. Various industry players are implementing new strategies such as product development, mergers and acquisitions, expanding their distribution networks, and utilising online platforms to boost sales, among others.

Major market players included in this report are:
Akzo Nobel N.V
Aries Agro Ltd.
Baicor, L.C.
Compass Minerals International, Inc
DowDuPont Inc.
The Mosaic Company
Nutrien Ltd.
Western Nutrients Corporation
Yara international ASA
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Form:
Chelated Micronutrients
Non-chelated Micronutrients

By Product Type:
By Crop Type:
Cereals & Grains
Fruits & Vegetables
Pulses and Oilseeds
By Application:
Seed Treatment

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Crop Micronutrients Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Crop Micronutrients Market, by Region, 2020-2028 (USD Billion)
1.2.2. Crop Micronutrients Market, by Form, 2020-2028 (USD Billion)
1.2.3. Crop Micronutrients Market, by Product Type, 2020-2028 (USD Billion)
1.2.4. Crop Micronutrients Market, by Crop Type, 2020-2028 (USD Billion)
1.2.5. Crop Micronutrients Market, by Application, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Crop Micronutrients Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Crop Micronutrients Market Dynamics
3.1. Crop Micronutrients Market Impact Analysis (2020-2028)
3.1.1. Market Drivers Increasing deficiency of micronutrients in the soil Depleting oil reserves increasing the demand for biofuels
3.1.2. Market Challenges Lack of awareness regarding dosage and proper application of micronutrients among farmers
3.1.3. Market Opportunities Increase in new methods of farming
Chapter 4. Global Crop Micronutrients Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Crop Micronutrients Market, by Form
6.1. Market Snapshot
6.2. Global Crop Micronutrients Market by Form, Performance – Potential Analysis
6.3. Global Crop Micronutrients Market Estimates & Forecasts by Form, 2018-2028 (USD Billion)
6.4. Crop Micronutrients Market, Sub Segment Analysis
6.4.1. Chelated Micronutrients
6.4.2. Non-chelated Micronutrients
Chapter 7. Global Crop Micronutrients Market, by Product Type
7.1. Market Snapshot
7.2. Global Crop Micronutrients Market by Product Type, Performance – Potential Analysis
7.3. Global Crop Micronutrients Market Estimates & Forecasts by Product Type, 2018-2028 (USD Billion)
7.4. Crop Micronutrients Market, Sub Segment Analysis
7.4.1. Boron
7.4.2. Copper
7.4.3. Iron
7.4.4. Manganese
7.4.5. Molybdenum
7.4.6. Zinc
7.4.7. Others
Chapter 8. Global Crop Micronutrients Market, by Crop Type
8.1. Market Snapshot
8.2. Global Crop Micronutrients Market by Crop Type, Performance – Potential Analysis
8.3. Global Crop Micronutrients Market Estimates & Forecasts by Crop Type, 2018-2028 (USD Billion)
8.4. Crop Micronutrients Market, Sub Segment Analysis
8.4.1. Cereals & Grains
8.4.2. Fruits & Vegetables
8.4.3. Pulses and Oilseeds
8.4.4. Others
Chapter 9. Global Crop Micronutrients Market, by Application
9.1. Market Snapshot
9.2. Global Crop Micronutrients Market by Application, Performance – Potential Analysis
9.3. Global Crop Micronutrients Market Estimates & Forecasts by Application, 2018-2028 (USD Billion)
9.4. Crop Micronutrients Market, Sub Segment Analysis
9.4.1. Fertigation
9.4.2. Soil
9.4.3. Foliar
9.4.4. Seed Treatment
9.4.5. Others
Chapter 10. Global Crop Micronutrients Market, Regional Analysis
10.1. Crop Micronutrients Market, Regional Market Snapshot
10.2. North America Crop Micronutrients Market
10.2.1. U.S. Crop Micronutrients Market Form breakdown estimates & forecasts, 2018-2028 Product Type breakdown estimates & forecasts, 2018-2028 Crop Type breakdown estimates & forecasts, 2018-2028 Application breakdown estimates & forecasts, 2018-2028
10.2.2. Canada Crop Micronutrients Market
10.3. Europe Crop Micronutrients Market Snapshot
10.3.1. U.K. Crop Micronutrients Market
10.3.2. Germany Crop Micronutrients Market
10.3.3. France Crop Micronutrients Market
10.3.4. Spain Crop Micronutrients Market
10.3.5. Italy Crop Micronutrients Market
10.3.6. Rest of Europe Crop Micronutrients Market
10.4. Asia-Pacific Crop Micronutrients Market Snapshot
10.4.1. China Crop Micronutrients Market
10.4.2. India Crop Micronutrients Market
10.4.3. Japan Crop Micronutrients Market
10.4.4. Australia Crop Micronutrients Market
10.4.5. South Korea Crop Micronutrients Market
10.4.6. Rest of Asia Pacific Crop Micronutrients Market
10.5. Latin America Crop Micronutrients Market Snapshot
10.5.1. Brazil Crop Micronutrients Market
10.5.2. Mexico Crop Micronutrients Market
10.6. Rest of The World Crop Micronutrients Market

Chapter 11. Competitive Intelligence
11.1. Top Market Strategies
11.2. Company Profiles
11.2.1. Akzo Nobel N.V Key Information Overview Financial (Subject to Data Availability) Product Type Summary Recent Developments
11.2.2. Aries Agro Ltd.
11.2.3. Baicor, L.C.
11.2.4. BASF SE
11.2.5. Compass Minerals International, Inc
11.2.6. DowDuPont Inc.
11.2.7. The Mosaic Company
11.2.8. Nutrien Ltd.
11.2.9. Western Nutrients Corporation
11.2.10. Yara international ASA
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

Need Assistance

Contact Person -
Krishant Mennon
Call us @
+ 91 99931 15879
Email: sales@bizwitresearch.com


Why Choose Us?

Quality over Quantity

Backed by 60+ paid data sources our reports deliver crisp insights with no compromise quality.

Analyst Support

24x7 Chat Support plus
free analyst hours with every purchase

Flawless Methodology

Our 360-degree approach of market study, our research methods leave stones unturned.
Enquiry Now