The global micronutrient fertilizers market is anticipated to grow at a considerable CAGR of 7.5% during the forecast period. The increasing implementation of various technologies such as artificial intelligence (AI) and others by government agencies incorporating supportive policies to support farmers and fuel the food & nutrition security in the several countries is one of the major factors projected to drive the growth of the micronutrient fertilizers market. For instance, Soil Health Card (SHC) is a Government of India's scheme promoted by the Department of Agriculture & Co-operation under the Ministry of Agriculture and Farmers' Welfare. It is being implemented through the Department of Agriculture of all the State and Union Territory Governments. SHC is a printed report that a farmer will be handed over for each of his holdings. It will include the status of his soil with respect to 12 parameters, namely N, P, K (Macro-nutrients); S (Secondary- nutrient); Zn, Fe, Cu, Mn, Bo (Micro - nutrients); and pH, EC, OC (Physical parameters). Based on this, the SHC will also show fertilizer recommendations and soil amendment required for the farm.

Further, in November 2021, Lucent BioSciences, Inc. closed $4.2M in investments from Emmertech, Amathaon, SVG Ventures, WUTIF Capital, Vantec/eFund and Vancouver-based angel investors. Lucent is driven by accelerating the transition of agriculture to sustainability. Lucent Bio has developed a novel patent-pending fertilizer for agriculture that uses cellulose fiber as a delivery agent. The product improves yield and soil health, is carbon neutral, non-polluting, and sustainable.

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Market Coverage

The market number available for – 2023-2031
Base year- 2023
Forecast period- 2024-2031
Segment Covered- 
By Nutrient
By Form
By Crop Type
By Application

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- including Yara International ASA, BASF SE, The Mosaic Company, Coromandel International Ltd., INDIAN FARMERS FERTILISER COOPERATIVE LTD., and others

Micronutrient Fertilizers Market Report Segment

By Nutrient

Zinc
Manganese
Copper
Boron
Molybdenum
Iron
Other Nutrients (Nickel and Chlorine)

By Form

Chelated Micronutrient 
Non-Chelated Micronutrient

By Crop Type

Cereals & Grains
Fruits & Vegetables
Pulses and Oilseeds
Others (Turfs, ornamentals, plantation crops, forages, and fiber crops)

By Application

Soil
Foliar
Fertigation
Seed treatment
Others (Trunk injection and implantation)

A full Report of Micronutrient Fertilizers Market is Available at:  https://www.omrglobal.com/industry-reports/micronutrient-fertilizers-market

Micronutrient Fertilizers Market Report Segment by Region

North America

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America 
Middle East & Africa

Company Profiles 

AgXplore International, LLC. 
AkzoNobel
AXTER AgroscienceInc.
Bayer AG
Belaruskali 
Compass Minerals
Corteva Agriscience
FMC Corp.
Helena Agri-Enterprises, LLC
Industries Holdings, Inc.
Israel Chemicals Ltd.
K+S Aktiengesellschaft 
Land O'Lakes, Inc.
Mahadhan by Smart Chem Technologies Pvt. Ltd.
Minerals International, Inc.
Nouryon Chemicals Holding B.V.
Nufarm
Nutrien Ltd.
UPL Ltd., India 

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