The global agricultural micronutrient market is set to more than double by 2035, growing at a CAGR of 7.3% from $7.7 billion in 2024 to $16.7 billion, according to a new analysis. The rising emphasis on soil health, climate-resilient crops, and sustainable inputs is accelerating demand for critical micronutrients like zinc, boron, iron, and copper.

These micronutrients, though required in small quantities, play a vital role in plant enzyme activation, photosynthesis, and pest and disease resistance. Their use is growing as food demand rises and soil degradation threatens productivity.

Zinc leads the market, accounting for 47.4% of demand due to widespread deficiency-especially in Asia-Pacific. Iron and boron remain essential for chlorophyll synthesis and reproductive growth.

On the application front, soil treatment and foliar sprays dominate, with fertigation gaining traction in precision agriculture. Crop-wise, cereals, vegetables, and oilseeds are the main segments, with biofortified and specialty crops seeing rapid growth.

Asia-Pacific holds the largest market share at 36.6%, led by India and China where soil nutrient depletion is severe. Europe follows at 33%, driven by strict environmental rules and organic farming initiatives. North America is close behind, while Latin America and Africa represent emerging markets with high growth potential.

Key growth drivers include:

• Soil micronutrient depletion from intensive agriculture

• Shift to sustainable farming and reduced synthetic inputs

• Rising global food and nutrition security needs

Challenges remain, such as high costs for chelated and nano-enabled products, limited awareness in developing regions, and environmental risks from overuse.

Emerging trends include:

• Nano and slow-release formulations

• Precision agriculture tech (drones, soil sensors)

• Organic-compatible products

• Crop fortification programs in Asia and Africa

Major players like Yara, BASF, Nutrien, and Mosaic are investing in R&D and strategic partnerships, while innovators like AgroLiquid and Sound Agriculture develop advanced liquid solutions.

The micronutrient sector is poised to play a central role in the future of global agriculture, balancing yield efficiency, sustainability, and food security.