The global micronutrient fertilizers market is anticipated to grow at a considerable CAGR of 7.5% during the forecast period. The increasing implementation of various technologies such as artificial intelligence (AI) and others by government agencies incorporating supportive policies to support farmers and fuel the food & nutrition security in the several countries is one of the major factors projected to drive the growth of the micronutrient fertilizers market. For instance, Soil Health Card (SHC) is a Government of India’s scheme promoted by the Department of Agriculture & Co-operation under the Ministry of Agriculture and Farmers’ Welfare. It is being implemented through the Department of Agriculture of all the State and Union Territory Governments. SHC is a printed report that a farmer will be handed over for each of his holdings. It will include the status of his soil with respect to 12 parameters, namely N, P, K (Macro-nutrients); S (Secondary- nutrient); Zn, Fe, Cu, Mn, Bo (Micro – nutrients); and pH, EC, OC (Physical parameters). Based on this, the SHC will also show fertilizer recommendations and soil amendment required for the farm.
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Further, in November 2021, Lucent BioSciences, Inc. closed $4.2M in investments from Emmertech, Amathaon, SVG Ventures, WUTIF Capital, Vantec/eFund and Vancouver-based angel investors. Lucent is driven by accelerating the transition of agriculture to sustainability. Lucent Bio has developed a novel patent-pending fertilizer for agriculture that uses cellulose fiber as a delivery agent. The product improves yield and soil health, is carbon neutral, non-polluting, and sustainable.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Nutrient
- By Form
- By Crop Type
- By Application
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape– including Yara International ASA, BASF SE, The Mosaic Company, Coromandel International Ltd., INDIAN FARMERS FERTILISER COOPERATIVE LTD., and others
A full Report of Micronutrient Fertilizers Market is Available at: https://www.omrglobal.com/industry-reports/micronutrient-fertilizers-market
Micronutrient Fertilizers Market Report Segment
By Nutrient
- Zinc
- Manganese
- Copper
- Boron
- Molybdenum
- Iron
- Other Nutrients (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)
Micronutrient Fertilizers Market Report Segment by Region
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
- Latin America
- Middle East & Africa
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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