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