Micronutrient Market

Micronutrients are those elements essential for plant growth which are needed in only very small (micro) quantities. These elements are sometimes called minor elements or trace elements, but use of the term micronutrient is encouraged by the American Society of Agronomy and the Soil Science Society of America. The micronutrients are boron (B), copper (Cu), iron (Fe), chloride (Cl), manganese (Mn), molybdenum (Mo) and zinc (Zn). Recycling organic matter such as grass clippings and tree leaves is an excellent way of providing micronutrients (as well as macronutrients) to growing plants.

Micronutrient Market contains market size and forecasts of Micronutrient in global, including the following market information:

Global Micronutrient Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Micronutrient Market Sales, 2017-2022, 2023-2028, (MT)

Global top five Micronutrient companies in 2021 (%)

The global Micronutrient market was valued at 7531.1 million in 2021 and is projected to reach US$ 11710 million by 2028, at a CAGR of 6.5% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Soil Fertilizer Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Micronutrient include BASF, AkzoNobel, Yara International, Haifa, Nutrien, Stoller, Mosaic, JR Simplot and Nulex, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Micronutrient manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Micronutrient Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (MT)

Global Micronutrient Market Segment Percentages, by Type, 2021 (%)

Soil Fertilizer

Foliar Fertilizer

Seed Treatment

Hydroponics

Others

Global Micronutrient Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (MT)

Global Micronutrient Market Segment Percentages, by Application, 2021 (%)

Cereals

Fruits and Vegetables

Flowers

Others

Global Micronutrient Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (MT)

Global Micronutrient Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Micronutrient revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Micronutrient revenues share in global market, 2021 (%)

Key companies Micronutrient sales in global market, 2017-2022 (Estimated), (MT)

Key companies Micronutrient sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

BASF

AkzoNobel

Yara International

Haifa

Nutrien

Stoller

Mosaic

JR Simplot

Nulex

Sapec SA

Wolf Trax

DAYAL GROUP

SAM HPRP

Frit Industries

Valagro

ATP Nutrition

Kronos Micronutrients

Sun Agrigenetics

QC Corporation

Coromandel International

Microfeed

Sinofert Holding

Jinpai Fertilier

Hui Yi Chemical

Wintong Chemicals