Agricultural Micronutrients Market Size, Share, Growth Analysis, By Type(zinc, boron, iron, molybdenum), By End Use(Non-agricultural Cereal, Grains (Corn, Wheat, Rice)), By Application(Soil, Foliar, Fertigation), By Form(Chelated, Non-Chelated), By Region - Industry Forecast 2024-2031

Asia-Pacific had the largest market share in the global market. The region's dominance can be attributed to high primary nutrient consumption and rising incidences of micronutrient deficiency in the soil. The region's growing population and rapidly increasing demand for nutrient-rich food will increase the use of micronutrient fertilisers.

In the coming years, North America is expected to grow at the fastest rate. The rapid growth of the region can be attributed to the gradual decline of arable land within countries like the United States and Mexico, which drives demand for specialised products like micronutrient fertiliser blends. Growers in the region are expected to become more aware of and use crop nutrition products in order to produce high-quality crops, which will benefit the regional market.

The market in Europe is primarily driven by the extensive use of micronutrient fertilisers by cereal crops in countries such as Germany, France, and the United Kingdom. Growing health consciousness in the region, as well as rising consumption of plant-based foods, contributes to the region's consumption of micronutrients.

The Middle East and Africa have lower demand for agricultural micronutrients than other regions. However, it will rise in the coming years as agricultural yields rise and farming technology evolves in North Africa.