From Soil to Plate: Projected Growth of USD 7.6 Billion by 2030 in Agricultural Micronutrients

In 2023, the global agricultural micronutrients market reached a value of USD 4.2 billion, and it is projected to grow to USD 7.6 billion by 2030, exhibiting a CAGR of 9.4% during the forecast period. This growth is attributed to several factors, including increasing soil micronutrient deficiencies and a greater emphasis on food security.

Micronutrients are essential for the healthy growth of plants, playing crucial roles in various biochemical functions associated with plant metabolism and growth. Traditionally, farmers primarily focused on phosphorus, nitrogen, and potassium. However, due to rising pest infestations and plant diseases, there is now a shift towards increased adoption of various micronutrients.

Historically, the Asia-Pacific (APAC) region has been the largest agricultural micronutrients market, a trend expected to continue with the region also experiencing the fastest growth. The continuous cycles of planting and harvesting contribute to significant micronutrient deficiencies in the soil and poor biofortification of crops.

From 2025 to 2030, advancements in agricultural micronutrient production technologies, coupled with rapid growth, are anticipated to create new opportunities in the market. The segment expected to grow the fastest is cereals and grains, given their status as the most widely consumed crops globally. The demand for food is increasing in developing nations due to population growth and economic expansion.

Various factors, such as soil texture, pH levels, climatic variations, and organic matter content, influence the availability of micronutrients in soil. Higher pH levels lead to decreased micronutrient availability, limiting crop growth. This not only affects crop production directly but also reduces the efficiency of applied macronutrient fertilizers.

The agricultural micronutrients market is driven by an increasing deficiency of essential minerals like zinc, copper, and iron in the soil, along with rising soil pollution globally. Research efforts focused on developing low-cost agricultural micronutrients also contribute to market growth.

Poor dietary habits contribute to a rise in micronutrient deficiencies among people. Such deficiencies in agricultural soil not only lower crop yields and nutritional quality but also have negative impacts on human health, potentially increasing mortality rates.

With the global population projected to reach 9.9 billion by 2050, up from 7.4 billion in 2017, the demand for food is on the rise. Agriculture is poised to play a crucial role in meeting this growing demand. However, with arable land expected to increase modestly, farmers must enhance efficiency and profitability to feed a hungry world. Additionally, unpredictable weather conditions like droughts, floods, and extreme heat continue to pose challenges to crop production.

Despite these opportunities, there are challenges ahead. The lack of awareness among farmers regarding the benefits of agricultural micronutrients may hinder market growth. Furthermore, constraints such as limited agricultural budgets, the flourishing organic fertilizer industry, and the bio-accumulation of non-biodegradable chelates could impede the rise of the agricultural micronutrients market.

​About VynZ Research:
VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies. VynZ has a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies.
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