Report overview
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.
This report aims to provide a comprehensive presentation of the global market for Micronutrient, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Micronutrient. This report contains market size and forecasts of Micronutrient in global, including the following market information:
Global Micronutrient Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Micronutrient Market Sales, 2018-2023, 2024-2029, (MT)
Global top five Micronutrient companies in 2022 (%)
The global Micronutrient market was valued at US$ 7531.1 million in 2022 and is projected to reach US$ 11710 million by 2029, at a CAGR of 6.5% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
North America is the largest Micronutrient market with about 42% market share. Europe is follower, accounting for about 27% market share.
The key players are 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 etc. Top 3 companies occupied about 40% market share.
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, 2018-2023, 2024-2029 ($ Millions) & (MT)
Global Micronutrient Market Segment Percentages, by Type, 2022 (%)
Soil Fertilizer
Foliar Fertilizer
Seed Treatment
Hydroponics
Others
Global Micronutrient Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (MT)
Global Micronutrient Market Segment Percentages, by Application, 2022 (%)
Cereals
Fruits and Vegetables
Flowers
Others
Global Micronutrient Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (MT)
Global Micronutrient Market Segment Percentages, By Region and Country, 2022 (%)
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, 2018-2023 (Estimated), ($ millions)
Key companies Micronutrient revenues share in global market, 2022 (%)
Key companies Micronutrient sales in global market, 2018-2023 (Estimated), (MT)
Key companies Micronutrient sales share in global market, 2022 (%)
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
Outline of Major Chapters:
Chapter 1: Introduces the definition of Micronutrient, market overview.
Chapter 2: Global Micronutrient market size in revenue and volume.
Chapter 3: Detailed analysis of Micronutrient manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Micronutrient in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Micronutrient capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
