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Golden Grains: Unlocking the Secrets of Crop Micronutrients for Bountiful Harvests


From past few years chemical fertilizers are widely used on crops which is resulting in micronutrient deficiencies in crops. In addition to this, water scarcity and intensive chopping patterns are also increasing the micronutrient deficiencies in crops. The global crop micronutrient market is set to witness growth at a CAGR of 7.4% and top valuation of US$ 8.1 Billion by 2032.

Concerns have been raised by the phrase “food insecurity” among academics, researchers, agronomists, and policymakers all around the world. Food security has gotten a lot of attention recently because of the changing climate and the constant threat posed by anthropogenic activities.

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Key Takeaways:

The crop nutrients market is expected to expand at CAGR of 5.9% and 4.1% in Latin America and the Middle East & Africa respectively through 2032.
East Asia and South Asia will account for 19.4% and 15.2% respectively in 2022, due to increasing awareness regarding micronutrients among the farmers.
Among the form segment, chelated micronutrients are dominating the crop micronutrient market holding around 78.3% share in 2022 and is expected to grow with CAGR of 4.5% over the forecast period.
By crop type segment, sales of cereals & grains will account for 43.7% of the total market share in 2022 and are expected to grow at a CAGR of 4.0% over the assessment period.
Competitive Landscape

Key players operating in the crop micronutrient market are DowDuPont Inc., Aries Agro Ltd., Baicor L.C., Compass Minerals International, Inc., BASF SE, The Mosaic Company, Western Nutrients Corporation, Nutrien Ltd., Akzo Nobel N.V, and Yara international ASA.

Leading players are getting involved in mergers and acquisitions to expand their global presence. They are also investing in research and development to improve their product portfolios.

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Crop Micronutrients Market By Category

By Form:

Chelated Micronutrients
Non-chelated Micronutrients
By Crop Type:

Cereals & Grains
Pulses and Oilseeds
Fruits & Vegetables
By Product Type:

Boron
Zinc
Copper
Molybdenum
Iron
Manganese
By Application:

Fertigation
Foliar
Soil
Seed Treatment