Micronutrient fertilizers Market is segmented By Nutrient (Zinc, Manganese, Copper, Boron, Molybdenum, Iron), By Form, Chelated, Non-Chelated), By Cro....
Market Size in USD
CAGR6.74%
Study Period | 2024 - 2031 |
Base Year of Estimation | 2023 |
CAGR | 6.74% |
Market Concentration | High |
Major Players | CF Industries Holdings, Inc., CHS Inc., Coromandel International Ltd, Haifa Group, ICL GROUP LTD |
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.