Americas and Europe Agricultural Micronutrients Market reached US$ 2.12 billion in 2022 and is projected to reach US$ 3.68 billion by 2030, growing at a CAGR of 7.12% during the forecast period 2023–2030.

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Market Drivers:

·       Rising Food Demand: Growing populations and increasing demand for nutrient-rich food products have prompted farmers to adopt micronutrients to enhance crop quality and yield.

·       Soil Health Awareness: Declining soil fertility and micronutrient deficiencies have pushed agricultural stakeholders to invest in supplementation strategies.

·       Sustainable Agriculture Practices: Both regions are emphasizing eco-friendly and sustainable farming methods, which include precision micronutrient management.

·       Technological Advancements: Innovations in nutrient formulations and application methods, such as foliar sprays and chelated compounds, have improved efficiency and crop absorption rates.

·       Government Initiatives: Policies and subsidies supporting sustainable agriculture and soil health management are encouraging broader adoption of micronutrients.

Market Segments:

By Product (Boron, Copper, Iron, Molybdenum, Cobalt, Nickel, Zinc, Manganese, Others)

By Form (Chelated, Non- Chelated)

By Crop (Cereals and Grains, Fruits and Vegetables, Oil Seeds, Pulses)

By Distribution Channel (Direct Distribution Channel, Indirect Distribution Channel)

By Application (Fertigation, Foliar, Soil, Hydroponics, Seed Treatment, Others)

By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa)

Market Key Players:

Key players are BASF SE, Nutrien Ag Solutions, Inc., The Mosaic Corp, Yara, Nufarm, Nouryon, Valagro, Stoller USA, Trade Corporation International and Haifa Negev Technologies LTD.

Industry Developments:

·       Mosaic Company: In August 2025, Mosaic Company announced a $45 million investment in its micronutrient fertilizer plants in Iowa and Florida, expanding production capacity for zinc and manganese formulations to meet growing precision farming demand.

·       ICL Group: ICL Group introduced its revolutionary Eqo.X technology, enhancing agricultural micronutrient delivery.

·       In February 2023, Andersons Inc. announced the introduction of MicroMark DG, a brand-new line of granular micronutrients that uses dispersing granule (DG) technology. With the aid of new technology, spherical homogeneous granules can be blended, spread, and used more effectively.

·       In September 2022, ICL Group Ltd. introduced eqo.x, which is the revolutionary rapidly biodegradable release, an Israeli developer and producer of metals, fertilizers, and specialty chemicals. It was developed for open-field agriculture. This novel approach helps farmers maximize agricultural crop performance while reducing environmental impact by reducing nutrient loss and increasing nutrient use efficiency (NUE) by up to 80%.

·       In August 2021, BASF introduced its new Basagran Zinc, a brand-new micronutrient product. The product combines zinc and the herbicide Basagran, which aids in the healthy development and growth of crops.

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