The U.S. agricultural micronutrient market is crucial for plant growth and food security. Our study covers applications, nutrient types, and methods, supported by expert insights and forecasts.
Agricultural micronutrients—iron, manganese, zinc, copper, molybdenum, boron, and chlorine—are essential for plant health and growth. They support key functions like enzyme activation, photosynthesis, and hormone synthesis. Iron aids chlorophyll production, manganese is crucial for photosynthesis, zinc supports hormone synthesis, and copper boosts reproductive growth.
The U.S. agricultural micronutrient market is set to grow from $833.3 million in 2023 to $1,946.3 million by 2034, driven by soil health awareness, precision farming, and demand for nutrient-rich crops. Key factors include sustainability practices, strategic partnerships, government support, and advancements in micronutrient formulations and distribution.
The U.S. agricultural micronutrient market boosts crop production and sustainability through innovations in micronutrient formulations and delivery methods. Advances like chelated micronutrients and foliar sprays improve nutrient efficiency, driving collaborations between agricultural firms and research institutions. Key market players include Mosaic, Koch Industries, Nutrien Ag Solutions, and others, who focus on strategic partnerships and acquisitions to enhance products and market presence.
• Cereals and Grains
• Oilseeds and Pulses
• Fruits and Vegetables
• Turf and Ornamentals
• Others
• Boron
• Copper
• Iron
• Manganese
• Molybdenum
• Zinc
• Multi-Micronutrient
• Others
• Fertigation
• Foliar Spray
• Soil Application
• Seed Treatment
• Chelated
• Non-Chelated
Foliar spray application has become the leading segment in the U.S. agricultural micronutrient market.
• February 2024: Helena Agri-Enterprises expanded its Zypro soil amendment label for side-dress fertilizer applications, promising better nutrient management and increased corn yields.
• May 2023: Yara announced a new production plant in Yorkshire, U.K., set to double its specialty crop nutrition capacity by 2025, boosting its global growth strategy.
• July 2023: Nutrien Ag Solutions partnered with ZeaKal to commercialize PhotoSeed technology, enhancing soybean photosynthesis and oil content.
• June 2022: The Andersons launched MicroMark DG, a new granular micronutrient line with dispersing granule technology, aimed at improving agricultural productivity.
• April 2021: Koch Agronomic Services acquired Compass Minerals' North American micronutrient assets, expanding its product range and enhancing nutrient efficiency solutions.
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• Population Growth
• Advancements in Agricultural Practices
• Focus on Crop Quality and Resilience
• Financial Burden on Farmers
• Complex Manufacturing Processes
• Adoption Barriers
• Increased Adoption of Micronutrient Fertilizers
• Advancements in Agricultural Technologies
• Supportive Policies and Programs
The companies featured in the U.S. agricultural micronutrient market were chosen based on insights from primary experts and an analysis of their coverage, product range, and market reach.
• Mosaic
• Koch Industries Inc.
• The Andersons, Inc.
• Helena Agri-Enterprises, LLC
• Yara
• Nutrien Ag Solutions, Inc.
• Brandt, Inc.
• SQM S.A.
• Nouryon
• AgroLiquid
• Verdesian Life Sciences
• Haifa Negev technologies LTD
• Wilbur-Ellis Holdings, Inc.
• Western Nutrients Corporation
• Simplot Turf & Horticulture
According to Debraj Chakraborty, Principal Analyst – BIS Research, “The U.S. agricultural micronutrient market is anticipated to grow significantly in the coming years, fueled by a heightened emphasis on optimizing crop yields and improving soil health. This growth is supported by government policies and regulations that promote sustainable farming practices and by substantial investments in developing advanced micronutrient formulations.
Increased awareness among farmers about the advantages of micronutrients for enhancing crop quality and resilience is also likely to drive demand. Major market players are focusing on strategic partnerships, collaborations, mergers, and acquisitions to expand their market presence and enhance their product offerings, further accelerating the market's growthz”.
