The global soil micronutrients market is expected to grow at a CAGR of 5.5% during the forecast period, from 2021 to 2030. The growth of this market can be attributed to the increasing demand for food and agricultural products, which in turn is driving the demand for soil micronutrients. The increasing population and changing dietary habits are also contributing factors for the growth of this market.
The global soil micronutrients market by type is segmented into zinc, copper, boron, iron, manganese, molybdenum and others (zinc oxide). The zinc segment accounted for a share of over 50% in 2017 owing to its wide usage as an essential nutrient in plants and animals. Copper was another major segment with a share of over 30%. This can be attributed to its use as an essential nutrient in plants and animals as well as fungicides that are used on crops such as grapes or apples. Boron was another major segment with a share of over 10%. This can be attributed to its use in fertilizers that are used on crops such as wheat or corn. Iron had a share of around 8% owing to its use in fertilizers that are used on crops such as wheat or corn while manganese had a share less than 5%. Molybdenum had less than 1% due to its limited usage across various industries including agriculture industry where it is mainly used by farmers who have access only through local markets or through online stores like Amazon India etc,.
The global soil micronutrients market by application includes cereals & oilseeds & pulses; fruits & vegetables; other applications (livestock feed). Cereals & oilseeds & pulses accounted for more than 50% revenue contribution owing primarily due their high consumption rates globally while fruits & vegetables accounted for more than 30%. Other applications include livestock feed which contributed less than 10%, mainly because livestock feed has low consumption rates globally compared with cereals & oilseeds&pulses and fruits&vegetables segments which have high consumption rates globally.
- Soil micronutrients are essential for plant growth and development.
- Soil micronutrients are required in small quantities, but they play a vital role in the production of food and fiber crops.
- The demand for soil micronutrients is expected to increase due to the increasing population, which will lead to an increased demand for food and fiber crops that require soil micronutrients as well as an increased need for crop protection products that contain soil micronutrients.
- The global population is expected to reach 9 billion by 2050, which will lead to a higher demand for food and fiber crops that require soil micronutrients.
- The use of pesticides containing soil micronutrient has been increasing over the past few decades.
Industry Growth Insights published a new data on “Soil Micronutrients Market”. The research report is titled “Soil Micronutrients Market research by Types (By Type, Zinc, Copper, Boron, Iron, Manganese, Molybdenum, Others, By Form, Chelated, Non-chelated), By Applications (Cereals, Oilseeds & Pulses, Fruits & Vegetables, Others), By Players/Companies Agrium Inc., Akzo Nobel N.V., BASF SE, Auriga Industries A/S, Yara International ASA, The Mosaic Company, Coromandel International Limited, Haifa Chemicals Ltd., Sapec SA, Valagro”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Soil Micronutrients Market Research Report
By Type
By Type, Zinc, Copper, Boron, Iron, Manganese, Molybdenum, Others, By Form, Chelated, Non-chelated
By Application
Cereals, Oilseeds & Pulses, Fruits & Vegetables, Others
By Companies
Agrium Inc., Akzo Nobel N.V., BASF SE, Auriga Industries A/S, Yara International ASA, The Mosaic Company, Coromandel International Limited, Haifa Chemicals Ltd., Sapec SA, Valagro
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Soil Micronutrients Market Report Segments:
The global Soil Micronutrients market is segmented on the basis of:
Types
By Type, Zinc, Copper, Boron, Iron, Manganese, Molybdenum, Others, By Form, Chelated, Non-chelated
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Cereals, Oilseeds & Pulses, Fruits & Vegetables, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Agrium Inc.
- Akzo Nobel N.V.
- BASF SE
- Auriga Industries A/S
- Yara International ASA
- The Mosaic Company
- Coromandel International Limited
- Haifa Chemicals Ltd.
- Sapec SA
- Valagro
Highlights of The Soil Micronutrients Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- By Type
- Zinc
- Copper
- Boron
- Iron
- Manganese
- Molybdenum
- Others
- By Form
- Chelated
- Non-chelated
- By Application:
- Cereals
- Oilseeds & Pulses
- Fruits & Vegetables
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Soil Micronutrients Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Soil micronutrients are essential elements that help plants grow and survive. These nutrients are found in the soil, and they play a role in plant growth, development, and health. Soil micronutrients can help plants resist pests and diseases, improve crop yields, and boost the nutritional value of crops.
Some of the major players in the soil micronutrients market are Agrium Inc., Akzo Nobel N.V., BASF SE, Auriga Industries A/S, Yara International ASA, The Mosaic Company, Coromandel International Limited, Haifa Chemicals Ltd., Sapec SA, Valagro.
The soil micronutrients market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Soil Micronutrients Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Soil Micronutrients Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Soil Micronutrients Market - Supply Chain
4.5. Global Soil Micronutrients Market Forecast
4.5.1. Soil Micronutrients Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Soil Micronutrients Market Size (000 Units) and Y-o-Y Growth
4.5.3. Soil Micronutrients Market Absolute $ Opportunity
5. Global Soil Micronutrients Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Soil Micronutrients Market Size and Volume Forecast by Type
5.3.1. By Type
5.3.2. Zinc
5.3.3. Copper
5.3.4. Boron
5.3.5. Iron
5.3.6. Manganese
5.3.7. Molybdenum
5.3.8. Others
5.3.9. By Form
5.3.10. Chelated
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Soil Micronutrients Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Soil Micronutrients Market Size and Volume Forecast by Application
6.3.1. Cereals
6.3.2. Oilseeds & Pulses
6.3.3. Fruits & Vegetables
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Soil Micronutrients Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Soil Micronutrients Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Soil Micronutrients Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Soil Micronutrients Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Soil Micronutrients Demand Share Forecast, 2019-2029
9. North America Soil Micronutrients Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Soil Micronutrients Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Soil Micronutrients Market Size and Volume Forecast by Application
9.4.1. Cereals
9.4.2. Oilseeds & Pulses
9.4.3. Fruits & Vegetables
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Soil Micronutrients Market Size and Volume Forecast by Type
9.7.1. By Type
9.7.2. Zinc
9.7.3. Copper
9.7.4. Boron
9.7.5. Iron
9.7.6. Manganese
9.7.7. Molybdenum
9.7.8. Others
9.7.9. By Form
9.7.10. Chelated
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Soil Micronutrients Demand Share Forecast, 2019-2029
10. Latin America Soil Micronutrients Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Soil Micronutrients Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Soil Micronutrients Market Size and Volume Forecast by Application
10.4.1. Cereals
10.4.2. Oilseeds & Pulses
10.4.3. Fruits & Vegetables
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Soil Micronutrients Market Size and Volume Forecast by Type
10.7.1. By Type
10.7.2. Zinc
10.7.3. Copper
10.7.4. Boron
10.7.5. Iron
10.7.6. Manganese
10.7.7. Molybdenum
10.7.8. Others
10.7.9. By Form
10.7.10. Chelated
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Soil Micronutrients Demand Share Forecast, 2019-2029
11. Europe Soil Micronutrients Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Soil Micronutrients Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Soil Micronutrients Market Size and Volume Forecast by Application
11.4.1. Cereals
11.4.2. Oilseeds & Pulses
11.4.3. Fruits & Vegetables
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Soil Micronutrients Market Size and Volume Forecast by Type
11.7.1. By Type
11.7.2. Zinc
11.7.3. Copper
11.7.4. Boron
11.7.5. Iron
11.7.6. Manganese
11.7.7. Molybdenum
11.7.8. Other
11.7.9. By Form
11.7.10. Chelated
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Soil Micronutrients Demand Share, 2019-2029
12. Asia Pacific Soil Micronutrients Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Soil Micronutrients Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Soil Micronutrients Market Size and Volume Forecast by Application
12.4.1. Cereals
12.4.2. Oilseeds & Pulses
12.4.3. Fruits & Vegetables
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Soil Micronutrients Market Size and Volume Forecast by Type
12.7.1. By Type
12.7.2. Zinc
12.7.3. Copper
12.7.4. Boron
12.7.5. Iron
12.7.6. Manganese
12.7.7. Molybdenum
12.7.8. Others
12.7.9. By Form
12.7.10. Chelated
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Soil Micronutrients Demand Share, 2019-2029
13. Middle East & Africa Soil Micronutrients Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Soil Micronutrients Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Soil Micronutrients Market Size and Volume Forecast by Application
13.4.1. Cereals
13.4.2. Oilseeds & Pulses
13.4.3. Fruits & Vegetables
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Soil Micronutrients Market Size and Volume Forecast by Type
13.7.1. By Type
13.7.2. Zinc
13.7.3. Copper
13.7.4. Boron
13.7.5. Iron
13.7.6. Manganese
13.7.7. Molybdenum
13.7.8. Others
13.7.9. By Form
13.7.10. Chelated
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Soil Micronutrients Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Soil Micronutrients Market: Market Share Analysis
14.2. Soil Micronutrients Distributors and Customers
14.3. Soil Micronutrients Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Agrium Inc.
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Akzo Nobel N.V.
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. BASF SE
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Auriga Industries A/S
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Yara International ASA
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. The Mosaic Company
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Coromandel International Limited
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Haifa Chemicals Ltd.
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Sapec SA
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Valagro
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
