Micronutrient Fertilizer Market Report 2026

The micronutrient fertilizer market size has grown strongly in recent years. It will grow from $4.63 billion in 2025 to $4.95 billion in 2026 at a compound annual growth rate (CAGR) of 7%. The growth in the historic period can be attributed to soil micronutrient depletion, yield improvement needs, fertilizer awareness programs, agricultural intensification, population driven food demand.

The micronutrient fertilizer market size is expected to see strong growth in the next few years. It will grow to $6.41 billion in 2030 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to precision farming adoption, micronutrient deficiency mapping, sustainable agriculture practices, high value crop expansion, government support for soil health. Major trends in the forecast period include rising demand for balanced crop nutrition, growing adoption of chelated micronutrients, expansion of precision agriculture practices, increased use in high value crops, focus on soil health and yield optimization.

The rising degradation of soil is expected to drive the growth of the micronutrient fertilizer market in the coming years. Soil degradation refers to the decline in soil quality and productivity caused by various factors, resulting in reduced agricultural output and environmental health. Soil degradation is mainly driven by unsustainable agricultural practices, deforestation, and industrial activities, leading to erosion, nutrient depletion, and the loss of organic matter. Climate change and overgrazing further worsen the deterioration of soil health. Micronutrient fertilizers help address soil degradation by restoring essential nutrients, improving soil fertility, and supporting sustainable crop growth. For instance, in November 2025, according to the Food and Agriculture Organization of the United Nations (FAO), an Italy-based intergovernmental agency, approximately 1.7 billion people globally live in areas where crop yields are at least 10% lower due to human-induced land degradation. Therefore, the increasing degradation of soil is driving the growth of the micronutrient fertilizer market.

Leading companies in the micronutrient fertilizer market are concentrating on creating innovative solutions, such as water-soluble fertilizers, to boost nutrient availability and enhance crop yields. Water-soluble fertilizers dissolve completely in water, enabling efficient nutrient delivery directly to plants through irrigation systems. For instance, in June 2023, ICL Group Ltd., an Israel-based chemical manufacturing company, introduced a new range of water-soluble micronutrient and N-P-K fertilizers in North America. This line, which includes flagship products such as Nova FINISH, Nova PULSE, Nova ELEVATE, and Nova FLOW, aims to improve crop nutrition through advanced foliar and fertigation methods. The products are designed to provide high-purity, water-soluble nutrients tailored to specific crop needs, ensuring optimal solubility and compatibility with various herbicides and crop protectants.

In January 2023, Nouryon Specialty Chemicals B.V., a Netherlands-based chemical manufacturing company, acquired ADOB Fertilizers for an undisclosed amount. This acquisition is intended to enhance Nouryon's offerings in chelated micronutrients, expand its crop nutrition portfolio, and improve its specialty agricultural solutions. ADOB Fertilizers is a Poland-based company specializing in micronutrient fertilizers and inorganic chemicals.

Major companies operating in the micronutrient fertilizer market are Koch Industries Inc., BASF SE, Nutrien Ltd., Yara International ASA, The Mosaic Company, Corteva Inc., Akzo Nobel N.V., Israel Chemicals Ltd., K+S AG, FMC Corporation, Nouryon Specialty Chemicals B.V., Coromandel International Limited, Nufarm Limited, Compass Minerals International Inc., Haifa Negev Technologies Ltd., Aries Agro Ltd., AgroLiquid, Kugler Company, Van Iperen International B.V., Graco Fertilizer Company, Solufeed Ltd., Western Nutrients Corporation.

North America was the largest region in the micronutrient fertilizer market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the micronutrient fertilizer market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the micronutrient fertilizer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The micronutrient fertilizer market consists of sales of calcium nitrate, magnesium sulfate, sodium molybdate, and ferric chloride. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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