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.
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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
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Global Micronutrient Fertilizers Market Segmentation
By Nutrient
- Zinc
- Manganese
- Copper
- Boron
- Molybdenum
- Iron
- Others (Nickel and Chlorine)
By Form
- Chelated Micronutrient
- Non-Chelated Micronutrient
By Crop Type
- Cereals & Grains
- Fruits & Vegetables
- Pulses and Oilseeds
- Others (Turfs, Ornamentals, Plantation Crops, Forages, and Fiber Crops)
By Application
- Soil
- Foliar
- Fertigation
- Seed treatment
- Others (Trunk Injection and Implantation)
Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Company Profiles
- AgXplore International, LLC.
- AkzoNobel
- AXTER AgroscienceInc.
- Bayer AG
- Belaruskali
- Compass Minerals
- Corteva Agriscience
- FMC Corp.
- Helena Agri-Enterprises, LLC
- Industries Holdings, Inc.
- Israel Chemicals Ltd.
- K+S Aktiengesellschaft
- Land O’Lakes, Inc.
- Mahadhan by Smart Chem Technologies Pvt. Ltd.
- Minerals International, Inc.
- Nouryon Chemicals Holding B.V.
- Nufarm
- Nutrien Ltd.
- UPL Ltd., India
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