Micronutrient fertilizers Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Micronutrient fertilizers Market is segmented By Nutrient (Zinc, Manganese, Copper, Boron, Molybdenum, Iron), By Form, Chelated, Non-Chelated), By Cro....

Micronutrient fertilizers Market Size

Market Size in USD

CAGR6.74%

Study Period2024 - 2031
Base Year of Estimation2023
CAGR6.74%
Market ConcentrationHigh
Major PlayersCF Industries Holdings, Inc., CHS Inc., Coromandel International Ltd, Haifa Group, ICL GROUP LTD
*Disclaimer: Major players are listed in no particular order.
*Source: Coherent Market Insights
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Micronutrient fertilizers Market Analysis

The micronutrient fertilizers market is estimated to be valued at USD 5.1 Bn in 2024 and is expected to reach USD 8.05 Bn by 2031, growing at a compound annual growth rate (CAGR) of 6.74% from 2024 to 2031. The micronutrient fertilizers market is expected to witness significant growth due to rising awareness among farmers about deficiencies in soil and benefits of micronutrients in improving crop health.