According to a new report published by Introspective Market Research, titled, Agricultural Micronutrients Market by Type, Application, End-User, and Region, The Global Agricultural Micronutrients Market Size Was Valued at USD 4.60 Billion in 2023 and is Projected to Reach USD 8.67 Billion by 2032, Growing at a CAGR of 7.30 % from 2024 to 2032.The Agricultural Micronutrients market encompasses essential trace elements—such as zinc, boron, manganese, iron, molybdenum, and copper—required in small but critical amounts for plant growth, enzymatic functions, and overall crop health. These micronutrients typically supplement macronutrient fertilizers, addressing deficiencies in degraded soil and enhancing yield quality. Compared to bulk fertilizers, micronutrients provide targeted nutrient support and mitigate issues arising from continuous cropping and soil depletion.
In modern agriculture, micronutrient products come in chelated and non-chelated forms, and are applied via soil, foliar sprays, seed treatments, or fertigation. Their adoption has increased in precision farming systems, especially in regions struggling with nutrient-impoverished soils. As crop yield demands rise, farmers are turning to micronutrient solutions to sustain productivity, bolster plant resilience, and improve nutritional value of food.
The Agricultural Micronutrients Market is segmented into Type, Application, and End-User. By Type, the market is categorized into (Zinc, Boron, Iron, Manganese, Copper, Molybdenum, Others). By Application, the market is categorized into (Soil Application, Foliar Spray, Fertigation, Seed Treatment). By End-User, the market is categorized into (Row Crops, Fruits & Vegetables, Pulses & Oilseeds, Others).
One key growth driver for the Agricultural Micronutrients market is the rising global demand for food security and higher agricultural productivity. With the global population increasing, agricultural systems confront limited arable land and dwindling soil fertility. Farmers are thus under pressure to maximize yields using more efficient inputs. Micronutrients fill critical gaps in soil nutrient profiles, helping crops reach full genetic potential. Further, many farming regions suffer from micronutrient deficiencies due to repetitive monoculture and overuse of macronutrient fertilizers, making micronutrient supplementation essential to maintain soil health and crop output.
A significant opportunity in this market is the advancement of nano-micronutrient and bio-micronutrient formulations that improve uptake efficiency and reduce wastage. Nano-scale nutrient particles, chelation techniques, and controlled-release coatings can enhance bioavailability and minimize environmental losses. These technologies allow lower dose application with equal or better effect. Furthermore, integration with precision agriculture platforms—such as variable-rate spraying and soil sensor feedback loops—can further optimize deployment, opening premium product tiers and enabling differentiation in a competitive market.
Agricultural Micronutrients Market, Segmentation
The Agricultural Micronutrients Market is segmented on the basis of Type, Application, and End-User.
Type
The Type segment is further classified into Zinc, Boron, Iron, Manganese, Copper, Molybdenum, and Others. Among these, the Zinc sub-segment accounted for the highest market share in 2023. Zinc is perhaps the most widely deficient micronutrient globally, essential for enzyme function, protein synthesis, and chlorophyll development. Its deficiency frequently limits crop yields, especially in cereals. Because of its critical role and recognized deficiency prevalence, zinc-based micronutrient products are adopted across many cropping systems, making it the dominant type in the micronutrients market.
Application
The Application segment is further classified into Soil Application, Foliar Spray, Fertigation, and Seed Treatment. Among these, the Soil Application sub-segment accounted for the highest market share in 2023. Soil-based application allows direct placement of micronutrients near the root zone, enabling gradual uptake by plants. It is compatible with conventional fertilizer application processes and widely used across large-scale farming operations. Because many soils are deficient in micronutrients at the root level, soil application remains fundamental to correcting nutrient imbalances.
Some of The Leading/Active Market Players Are-
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Nutrien Ltd. (Canada)
- Yara International ASA (Norway)
- Coromandel International Ltd. (India)
- Israel Chemicals Ltd. (Israel)
- Nufarm Limited (Australia)
- Koch Agronomic Services, LLC (USA)
- ICL Fertilizers (Israel)
- Haifa Group (Israel)
- UPL Ltd. (India)
- The Mosaic Company (USA)
- other active players.
Key Industry Developments
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In November 2024, the Global Chelated-Iron Micronutrient market was projected to reach USD 258.5 million by 2031.
This forecast underlines growing investments and market expansion in chelated-iron formulations, which offer improved plant absorption compared to conventional iron sources. As soils with iron deficiency become more recognized, demand for chelated solutions is rising. Manufacturers are expanding R&D to develop more stable and efficient chelated-iron products, reinforcing the role of iron supplementation within micronutrient portfolios. - In September 2025, the Agricultural Micronutrients Market was reported to be worth USD 4.6 billion in 2023 and to grow at a CAGR of 7.3 % through 2032.
The analysis highlights drivers like precision agriculture adoption, soil health awareness, and deficiencies arising from overuse of macronutrients. It confirms zinc’s leading position and underscores rising uptake in foliar and fertigation modes, particularly in Asia-Pacific, where soil imbalances are more acute.
Key Findings of the Study
- Zinc emerges as the dominant type segment, reflecting widespread deficiency
- Soil application is the largest mode due to direct root-zone correction
- Americas and Asia-Pacific lead adoption driven by intensive agriculture
- Nanotechnology-enabled and bio-micronutrient formulations represent key growth paths
- Food security pressures and soil degradation drive long-term demand
