Crop Micronutrients Market Size, Revenue And Growth Rate By 2028

Crop Micronutrients Industry Overview

The global crop micronutrients market size was valued at USD 5.54 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 7.3% from 2022 to 2028.

This can be credited to the rising soil deficiencies in cultivated lands. Crops micronutrients are crucial for the growth of plants and their metabolic activities. They aid in the development of roots by strengthening them, making them grow larger, and providing them with organic compounds and proteins. Furthermore, crop micronutrients promote better immunity to crops. All these factors are expected to boost market growth during the forecast period. 

Gather more insights about the market drivers, restrains and growth of the Global Crop Micronutrients Market

U.S. crop micronutrients market size, by form, 2019 - 2028 (USD million)

Factors such as increasing awareness among people regarding the benefits of crop micronutrients for crop productivity and yields are driving the growth of the crop micronutrients market. Also, growing consciousness concerning food security among people coupled with rising incidences of deficiencies of micronutrients in soils across the globe is expected to propel the market’s growth during the forecast period.

Increasing investment by key players to launch new products is further expected to boost the industry sales. However, the availability of counterfeit or more economical products and also a lack of knowledge among farmers regarding the proper application of doses of micronutrients for plants may hamper the chelated crop micronutrients market. Additionally, the demand for the industry has decreased due to the COVID-19 pandemic. As a result of the ongoing lockdown, the micronutrients production and supply chain have been affected, hampering the market growth.

Browse through Grand View Research's Food Safety & Processing Industry Research Reports.

  • Leavening Agents Market - The global leavening agents market size was valued at USD 6.0 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 3.7% from 2022 to 2028.
  • Bulk Food Ingredients Market - The global bulk food ingredients market size was valued at USD 303.88 billion in 2021 and is and is expected to expand at a compound annual growth rate (CAGR) of 4.4% from 2022 to 2028.

Key Companies profiled:

Some prominent players in the global crop micronutrients market include

  • BASF SE
  • DowDuPont Inc.
  • Nutrien Ltd
  • Corteva Agriscience
  • Yara International ASA
  • The Mosaic Company
  • Akzo Nobel N.V
  • Nouryon
  • Nufarm Ltd
  • Compass Minerals International
  • Western Nutrients Corporation

Order a free sample PDF of the Crop Micronutrients Market Intelligence Study, published by Grand View Research.

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