Agricultural Micronutrients Market Share, Size, Trends, and Industry Analysis Report
The global agricultural micronutrients market was valued at USD 4.03 billion in 2021 and is projected to grow at a CAGR of 8.7% during the forecast period. Agricultural micronutrients, including Zinc (Zn), Copper (Cu), Manganese (Mn), Iron (Fe), Boron (B), and Molybdenum (Mo), are essential for plant growth and balanced crop nutrition. A deficiency of these micronutrients in the soil can hinder plant growth and lead to crop failure. Increasing soil testing and plant analysis for high-quality agricultural production have confirmed micronutrient deficiencies in many soils, boosting the market. Additionally, the rising use of chemical fertilizers, which protect crops from UV radiation and insects while increasing yield, is further driving the growth of the agricultural micronutrients market.