North America Agricultural Micronutrients Market

North America Agricultural Micronutrients Market Size (2024 to 2032)

North America Agricultural Micronutrients Market was valued at USD 3.84 billion in 2023 and is anticipated to reach a validation of USD 4.15 billion in 2024 from USD 7.68 billion by 2032, growing with a CAGR of 8.0% from 2024 to 2032.

Micronutrients are used to grow crops that meet export quality standard. Micronutrients plays a crucial part in maintaining balanced crop protection and is also essential for the growth of the plants. These micro-nutrients are also important in facilitating plant functions and also in enhancing root strength, sugar translocation, and overall plant immunity. Deficiency of Micronutrients results in withering of buds in crops, yellowing of leaves, health hazards and eventually results in the decline of crop productivity.

Rising demand for food and increasing demand for standard quality and continuous yield because of growing population, depleting arable land are the major factors strengthening the market. Lack of awareness among farmers in developing regions, lack of awareness about an appropriate quantity to be injected into the soil due to lack of standardized levels established by regulatory agencies, high cost are the major factors hindering the growth of the market.

The North American agricultural micronutrients market is segmented and sub-segmented into the following categories.

North American Agricultural Micronutrients Market Analysis By Type

• Zinc
• Boron
• Copper
• Manganese
• Molybdenum
• Iron

• Cobalt
• others

North America Agricultural Micronutrients Market Analysis By Mode of Application

• Soil, Fertigation
• Seed treatment
• Foliar
• Agricultural Micronutrients

North America Agricultural Micronutrients Market Analysis By Form

• Chelated
  • Ethylenediaminetetraacetic Acid (EDTA)
  • Diethylene Triamine Pentaacetic Acid (DTPA)
  • Ethylenediamine Di-2-Hydroxyphenyl Acetate (EDDHA)
  • D,L-Aspartic Acid N-(1,2-Dicarboxyethyl) Tetrasodium Salt (IDHA)
  • Hydroxybenzyl Ethylenediamine Diacetic Acid(HBED)
• Non-Chelated Agricultural Micronutrients

North America Agricultural Micronutrients Market Analysis By Crop Type

• Fruits and Vegetables
• Cereals
• Pulses
• Oilseeds and others

The zinc segment is expected to grow at the highest CAGR because of the growing demand for zinc in the food. Cereals are the highest growing segment around the world owing to continuous technological advancements and growing demand for cereals.

COUNTRY ANALYSIS

Geographically, this market is further segmented in to US and Canada. The U.S. and Canada use advanced agricultural techniques, which help them deliver quality agricultural produce that meets international export standards.

KEY MARKET PLAYERS

This report also provides detailed marketing and development strategies used by key players such as BASF SE, Mosaic and Cheminova, Agrium Inc., Aries Agro Ltd., Coromandel International Ltd., Yara International, Valagro, Gujarat State Fertilizers & Chemicals, Tradecorp International, AkzoNobel.