Brazil Micronutrient Fertilizer Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030

The Brazil Micronutrient Fertilizer Market is segmented by Product (Boron, Copper, Iron, Manganese, Molybdenum, Zinc, Others), by Application Mode (Fertigation, Foliar, Soil) and by Crop Type (Field Crops, Horticultural Crops, Turf & Ornamental). The report offers market size in both market value in USD and market volume in metric ton. Further, the report includes a market split by Type, Form, Application Mode and Crop Type.

Brazil Micronutrient Fertilizer Market Size

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Brazil Micronutrient Fertilizer Market Summary
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Icons Lable Value
https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2030
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 267.6 Million
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2030) USD 382.2 Million
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Product Zinc
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2030) 6.12 %
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Fastest Growing by Product Molybdenum

Major Players

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*Disclaimer: Major Players sorted in alphabetical order.

Key Players

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Brazil Micronutrient Fertilizer Market Analysis

The Brazil Micronutrient Fertilizer Market size is estimated at 267.6 million USD in 2024, and is expected to reach 382.2 million USD by 2030, growing at a CAGR of 6.12% during the forecast period (2024-2030).

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267.6 Million

Market Size in 2024 (USD)

382.2 Million

Market Size in 2030 (USD)

2.73 %

CAGR (2017-2023)

6.12 %

CAGR (2024-2030)

Largest Segment by Type

28.80 %

value share, Zinc, 2023

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In Brazil, Zn deficiency in soil is the most common among the micronutrients, occurring mainly in sandy soils and Latosols in the Cerrado (Brazilian Savannah) region.

Fastest Growing Type

9.12 %

Projected CAGR, Molybdenum, 2024-2030

Icon image

Increasing demand for molybdenum due to acidic soil conditions and its crucial role in supporting proper plant growth makes it fastest growing micronutrient product.

Largest Segment by Crop Type

95.62 %

value share, Field Crops, 2023

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The demand for micronutrient fertilizers is increasing in field crop cultivation to address soil nutrient deficiency which can significantly improve yields and quality.

Largest segment by Application Mode

95.06 %

value share, Soil, 2023

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Emergence of specialty fertilizers like controlled-release and slow-release fertilizers, will increase the usage of soil application without any adverse effects on the soil.

Leading Market Player

24.07 %

market share, Yara International ASA, 2022

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To serve Brazil's main agricultural markets, the Brazilian business unit of Yara operates over 20 blending units and distribution facilities with a geographical spread.

As cultivation expands and the need for micronutrients to enhance the quality and yield increases, the demand for micronutrients is expected to increase

  • Zinc is the most used micronutrient in the country, accounting for a value share of 29.5% in 2022. Boron is the second most used micronutrient in Brazil after Zinc, accounting for 18.0% in terms of value in 2022.
  • Molybdenum is vital for the process of symbiotic nitrogen (N) fixation by Rhizobia bacteria in legume root nodules. It is also required for the synthesis and activity of the enzyme nitrate reductase.
  • A deficiency of copper significantly affects the crop yield, resulting in poor grain filling and deformed or shriveled kernels. The market value of copper fertilizers is expected to experience a CAGR of 5.4% from 2023 to 2030.
  • Field crops accounted for a major share of about 95.0%, followed by horticultural crops, which accounted for about 5.0% of the total market value of boron in 2022. The rising deficiency of boron in soil due to extensive cultivation of field crops is expected to drive the growth of the market.
  • The market value of micronutrient fertilizers in 2022 was USD 331.7 million, with a volume consumption of 84.0 thousand metric tons. The consumption volume of these fertilizers stayed undeterred by price fluctuation even after the pandemic when global fertilizer prices rose. Their consumption volume increased steadily, and they are expected to register a CAGR of 3.9% from 2023 to 2030.
  • The market value of micronutrient fertilizers is expected to record a CAGR of 6.0% from 2023 to 2030 due to the increasing need for higher productivity and quality of produce.
Brazil Micronutrient Fertilizer Market

Brazil Micronutrient Fertilizer Market Trends

The growing demand for the field crops in the country and export market will drive the cultivation of field crops.

  • Brazil has become self-sufficient in crop production. From being the major importer of food grains, the country emerged as a large exporter of important crops like soybean, rice, maize/corn, cotton, etc. Agriculture in Brazil has high potential in the cultivation of diversified crops due to increasing arable land and the area under cultivation of field crops. The area under the cultivation of field crops in Brazil increased from 61.0 million hectares in 2017 to 70.2 million hectares in 2022, representing an increase of 15.9%. Brazil has two cropping seasons: September to March and February to July. The yields of the first cropping season, between September and March, yield more than the second. In the crop year 2021/2022, the crop yield for wheat in Brazil was 2.89 metric tons per hectare, an increase from the 2.80 metric tons per hectare achieved in the previous year.
  • Soybean is a primary field crop in Brazil, reflecting its importance as a commercial/oilseed food, and occupies the maximum area under cultivation, accounting for a 57.51% share, followed by corn with a 26.5% share, respectively. In 2022, soybean production reached 153 million tonnes, with a yield of 3.533 tonnes per hectare. Brazil is expected to be the largest soybean producer globally, followed by the United States and Argentina. The primary agricultural regions in Brazil are Mato Grosso, Parana, Rio Grande Do Sul, Sao Paulo, and Goias.
  • The surge in both domestic and international demand for field crops has prompted a notable expansion in the cultivation area dedicated to these crops. This significant increase in cultivated land is expected to have a direct and positive impact on the Brazilian fertilizer market from 2023 to 2030.
Brazil Micronutrient Fertilizer Market

The major crops grown in Brazil are extensively nutrient-consuming, which drives the market for fertilizers, including micronutrients.

  • Micronutrient deficiencies in soil are becoming more prominent due to factors like low soil fertility caused by leaching losses, unusually high rainfall that drains the soil, shallow soil profiles, etc. In Brazil, the average micronutrient application rate for field crops was 4.3 kg/ha in 2022.
  • The agricultural soils of Brazil are deficient in zinc and boron 10% and 9%, respectively. This makes zinc and boron the most consumed micronutrient fertilizers in the country with the average application rates of 6.1 kg/ha and 1.4 kg/ha. These two micronutrients play a major role in preparing crops to fight against biotic and abiotic stresses, resulting in the need for the artificial application of micronutrients. According to various studies, manganese is one of the micronutrients limiting the productivity of several field crops like soybean, wheat, sugarcane, and maize. This makes manganese one of the essential micronutrient fertilizers in the country. The average application rate was 12.3 kg/ha in 2022, the highest among the micronutrients. Iron and copper are also commonly applied micronutrients which, on average, are applied at 3.3 kg/ha and 7.2 kg/ha, respectively. Iron deficiency in Brazil is not prominent, but the soils of Brazil are deficient in copper by 1%. 
  • Farmers in the country are majorly adopting micronutrients, as Brazil is a large producer and exporter of high fertilizer-consuming crops like soybean, corn, and cotton, where a limited supply can hinder the yield of the crops.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • The high post-harvest losses associated with fruits and vegetables and growing interest in field crop cultivation impacted the cultivation of fruits and vegetables
  • Drip irrigation and sprinklers can be used on up to 50 ha of land
  • The average application rate of micronutrients for vegetable crops in Brazil was 4.4 kg/ha in 2022

Brazil Micronutrient Fertilizer Industry Overview

The Brazil Micronutrient Fertilizer Market is moderately consolidated, with the top five companies occupying 58.92%. The major players in this market are EuroChem Group, K+S Aktiengesellschaft, Nortox, The Mosaic Company and Yara International ASA (sorted alphabetically).

Brazil Micronutrient Fertilizer Market Leaders

  1. EuroChem Group

  2. K+S Aktiengesellschaft

  3. Nortox

  4. The Mosaic Company

  5. Yara International ASA

Brazil Micronutrient Fertilizer Market Concentration

Other important companies include BMS Micro-Nutrients NV, Grupa Azoty S.A. (Compo Expert), Haifa Group, ICL Group Ltd, Inquima LTDA.

*Disclaimer: Major Players sorted in alphabetical order.

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Brazil Micronutrient Fertilizer Market News

  • March 2022: EuroChem Group has purchased 51.48% of the shares of the Brazilian distributor Fertilizantes Heringer SA, this purchase will further strengthen its production and distribution capacity in Brazil.
  • March 2022: The Haifa Group entered a purchase agreement with HORTICOOP BV to acquire Horticoop Andina, the distributor of nutritional products for agriculture. Through this acquisition of the brand, Haifa intends to expand its market presence in the Latin American market and strengthen its position as a global superbrand in advanced plant nutrition.
  • August 2020: EuroChem Group and Fertilizantes Tocantins (FTO) completed the trade integration agreement which will help EuroChem to offer farmers the full range of products in the Brazilian market.

Free with this Report

Along with the report, We also offer a comprehensive and exhaustive data pack with 25+ graphs on area under cultivation and average application rate per hectare. The data pack includes Globe, North America, Europe, Asia-Pacific, South America, and Africa.

Brazil Micronutrient Fertilizer Market
Brazil Micronutrient Fertilizer Market
Brazil Micronutrient Fertilizer Market
Brazil Micronutrient Fertilizer Market

Brazil Micronutrient Fertilizer Market Report - Table of Contents

  1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. REPORT OFFERS

  3. 1. INTRODUCTION

    1. 1.1. Study Assumptions & Market Definition

    2. 1.2. Scope of the Study​

    3. 1.3. Research Methodology

  4. 2. KEY INDUSTRY TRENDS

    1. 2.1. Acreage Of Major Crop Types

      1. 2.1.1. Field Crops

      2. 2.1.2. Horticultural Crops

    2. 2.2. Average Nutrient Application Rates

      1. 2.2.1. Micronutrients

        1. 2.2.1.1. Field Crops

        2. 2.2.1.2. Horticultural Crops

    3. 2.3. Agricultural Land Equipped For Irrigation

    4. 2.4. Regulatory Framework

    5. 2.5. Value Chain & Distribution Channel Analysis

  5. 3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)

    1. 3.1. Product

      1. 3.1.1. Boron

      2. 3.1.2. Copper

      3. 3.1.3. Iron

      4. 3.1.4. Manganese

      5. 3.1.5. Molybdenum

      6. 3.1.6. Zinc

      7. 3.1.7. Others

    2. 3.2. Application Mode

      1. 3.2.1. Fertigation

      2. 3.2.2. Foliar

      3. 3.2.3. Soil

    3. 3.3. Crop Type

      1. 3.3.1. Field Crops

      2. 3.3.2. Horticultural Crops

      3. 3.3.3. Turf & Ornamental

  6. 4. COMPETITIVE LANDSCAPE

    1. 4.1. Key Strategic Moves

    2. 4.2. Market Share Analysis

    3. 4.3. Company Landscape

    4. 4.4. Company Profiles

      1. 4.4.1. BMS Micro-Nutrients NV

      2. 4.4.2. EuroChem Group

      3. 4.4.3. Grupa Azoty S.A. (Compo Expert)

      4. 4.4.4. Haifa Group

      5. 4.4.5. ICL Group Ltd

      6. 4.4.6. Inquima LTDA

      7. 4.4.7. K+S Aktiengesellschaft

      8. 4.4.8. Nortox

      9. 4.4.9. The Mosaic Company

      10. 4.4.10. Yara International ASA

  7. 5. KEY STRATEGIC QUESTIONS FOR FERTILIZER CEOS

  8. 6. APPENDIX

    1. 6.1. Global Overview

      1. 6.1.1. Overview

      2. 6.1.2. Porter’s Five Forces Framework

      3. 6.1.3. Global Value Chain Analysis

      4. 6.1.4. Market Dynamics (DROs)

    2. 6.2. Sources & References

    3. 6.3. List of Tables & Figures

    4. 6.4. Primary Insights

    5. 6.5. Data Pack

    6. 6.6. Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. CULTIVATION OF FIELD CROPS IN HECTARE, BRAZIL, 2017 - 2022
  1. Figure 2:  
  2. CULTIVATION OF HORTICULTURAL CROPS IN HECTARE, BRAZIL, 2017 - 2022
  1. Figure 3:  
  2. CONSUMPTION OF MICRONUTRIENTS BY FIELD CROPS IN KG/HECTARE, BRAZIL, 2022
  1. Figure 4:  
  2. CONSUMPTION OF MICRONUTRIENTS BY HORTICULTURAL CROPS IN KG/HECTARE, BRAZIL, 2022
  1. Figure 5:  
  2. AGRICULTURAL LAND EQUIPPED FOR IRRIGATION IN HECATRE, BRAZIL, 2022
  1. Figure 6:  
  2. MICRONUTRIENTS FERTILIZER CONSUMPTION IN METRIC TON, BRAZIL, 2017 - 2030
  1. Figure 7:  
  2. MICRONUTRIENTS FERTILIZER CONSUMPTION IN USD, BRAZIL, 2017 - 2030
  1. Figure 8:  
  2. FERTILIZER CONSUMPTION BY MICRONUTRIENTS IN METRIC TON, BRAZIL, 2017 - 2030
  1. Figure 9:  
  2. FERTILIZER CONSUMPTION BY MICRONUTRIENTS IN USD, BRAZIL, 2017 - 2030
  1. Figure 10:  
  2. FERTILIZER CONSUMPTION VOLUME BY MICRONUTRIENTS IN %, BRAZIL, 2017 VS 2023 VS 2030
  1. Figure 11:  
  2. FERTILIZER CONSUMPTION VALUE BY MICRONUTRIENTS IN %, BRAZIL, 2017 VS 2023 VS 2030
  1. Figure 12:  
  2. BORON FERTILIZER CONSUMPTION IN METRIC TON, BRAZIL, 2017 - 2030
  1. Figure 13:  
  2. BORON FERTILIZER CONSUMPTION IN USD, BRAZIL, 2017 - 2030
  1. Figure 14:  
  2. BORON FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, BRAZIL, 2023 VS 2030
  1. Figure 15:  
  2. COPPER FERTILIZER CONSUMPTION IN METRIC TON, BRAZIL, 2017 - 2030
  1. Figure 16:  
  2. COPPER FERTILIZER CONSUMPTION IN USD, BRAZIL, 2017 - 2030
  1. Figure 17:  
  2. COPPER FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, BRAZIL, 2023 VS 2030
  1. Figure 18:  
  2. IRON FERTILIZER CONSUMPTION IN METRIC TON, BRAZIL, 2017 - 2030
  1. Figure 19:  
  2. IRON FERTILIZER CONSUMPTION IN USD, BRAZIL, 2017 - 2030
  1. Figure 20:  
  2. IRON FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, BRAZIL, 2023 VS 2030
  1. Figure 21:  
  2. MANGANESE FERTILIZER CONSUMPTION IN METRIC TON, BRAZIL, 2017 - 2030
  1. Figure 22:  
  2. MANGANESE FERTILIZER CONSUMPTION IN USD, BRAZIL, 2017 - 2030
  1. Figure 23:  
  2. MANGANESE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, BRAZIL, 2023 VS 2030
  1. Figure 24:  
  2. MOLYBDENUM FERTILIZER CONSUMPTION IN METRIC TON, BRAZIL, 2017 - 2030
  1. Figure 25:  
  2. MOLYBDENUM FERTILIZER CONSUMPTION IN USD, BRAZIL, 2017 - 2030
  1. Figure 26:  
  2. MOLYBDENUM FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, BRAZIL, 2023 VS 2030
  1. Figure 27:  
  2. ZINC FERTILIZER CONSUMPTION IN METRIC TON, BRAZIL, 2017 - 2030
  1. Figure 28:  
  2. ZINC FERTILIZER CONSUMPTION IN USD, BRAZIL, 2017 - 2030
  1. Figure 29:  
  2. ZINC FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, BRAZIL, 2023 VS 2030
  1. Figure 30:  
  2. OTHERS FERTILIZER CONSUMPTION IN METRIC TON, BRAZIL, 2017 - 2030
  1. Figure 31:  
  2. OTHERS FERTILIZER CONSUMPTION IN USD, BRAZIL, 2017 - 2030
  1. Figure 32:  
  2. OTHERS FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, BRAZIL, 2023 VS 2030
  1. Figure 33:  
  2. MICRONUTRIENTS FERTILIZER CONSUMPTION BY APPLICATION MODE IN METRIC TON, BRAZIL, 2017 - 2030
  1. Figure 34:  
  2. MICRONUTRIENTS FERTILIZER CONSUMPTION BY APPLICATION MODE IN USD, BRAZIL, 2017 - 2030
  1. Figure 35:  
  2. MICRONUTRIENTS FERTILIZER CONSUMPTION VOLUME BY APPLICATION MODE IN %, BRAZIL, 2017 VS 2023 VS 2030
  1. Figure 36:  
  2. MICRONUTRIENTS FERTILIZER CONSUMPTION VALUE BY APPLICATION MODE IN %, BRAZIL, 2017 VS 2023 VS 2030
  1. Figure 37:  
  2. FERTIGATION APPLICATION OF MICRONUTRIENTS FERTILIZER IN METRIC TON, BRAZIL, 2017 - 2030
  1. Figure 38:  
  2. FERTIGATION APPLICATION OF MICRONUTRIENTS FERTILIZER IN USD, BRAZIL, 2017 - 2030
  1. Figure 39:  
  2. FERTIGATION APPLICATION OF MICRONUTRIENTS FERTILIZER IN VALUE BY CROP TYPE IN %, BRAZIL, 2023 VS 2030
  1. Figure 40:  
  2. FOLIAR APPLICATION OF MICRONUTRIENTS FERTILIZER IN METRIC TON, BRAZIL, 2017 - 2030
  1. Figure 41:  
  2. FOLIAR APPLICATION OF MICRONUTRIENTS FERTILIZER IN USD, BRAZIL, 2017 - 2030
  1. Figure 42:  
  2. FOLIAR APPLICATION OF MICRONUTRIENTS FERTILIZER IN VALUE BY CROP TYPE IN %, BRAZIL, 2023 VS 2030
  1. Figure 43:  
  2. SOIL APPLICATION OF MICRONUTRIENTS FERTILIZER IN METRIC TON, BRAZIL, 2017 - 2030
  1. Figure 44:  
  2. SOIL APPLICATION OF MICRONUTRIENTS FERTILIZER IN USD, BRAZIL, 2017 - 2030
  1. Figure 45:  
  2. SOIL APPLICATION OF MICRONUTRIENTS FERTILIZER IN VALUE BY CROP TYPE IN %, BRAZIL, 2023 VS 2030
  1. Figure 46:  
  2. MICRONUTRIENTS FERTILIZER CONSUMPTION BY CROP TYPE IN METRIC TON, BRAZIL, 2017 - 2030
  1. Figure 47:  
  2. MICRONUTRIENTS FERTILIZER CONSUMPTION BY CROP TYPE IN USD, BRAZIL, 2017 - 2030
  1. Figure 48:  
  2. MICRONUTRIENTS FERTILIZER CONSUMPTION VOLUME BY CROP TYPE IN %, BRAZIL, 2017 VS 2023 VS 2030
  1. Figure 49:  
  2. MICRONUTRIENTS FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, BRAZIL, 2017 VS 2023 VS 2030
  1. Figure 50:  
  2. MICRONUTRIENTS FERTILIZER CONSUMPTION BY FIELD CROPS IN METRIC TON, BRAZIL, 2017 - 2030
  1. Figure 51:  
  2. MICRONUTRIENTS FERTILIZER CONSUMPTION BY FIELD CROPS IN USD, BRAZIL, 2017 - 2030
  1. Figure 52:  
  2. MICRONUTRIENTS FERTILIZER CONSUMPTION VALUE BY PRODUCT IN %, BRAZIL, 2023 VS 2030
  1. Figure 53:  
  2. MICRONUTRIENTS FERTILIZER CONSUMPTION BY HORTICULTURAL CROPS IN METRIC TON, BRAZIL, 2017 - 2030
  1. Figure 54:  
  2. MICRONUTRIENTS FERTILIZER CONSUMPTION BY HORTICULTURAL CROPS IN USD, BRAZIL, 2017 - 2030
  1. Figure 55:  
  2. MICRONUTRIENTS FERTILIZER CONSUMPTION VALUE BY PRODUCT IN %, BRAZIL, 2023 VS 2030
  1. Figure 56:  
  2. MICRONUTRIENTS FERTILIZER CONSUMPTION BY TURF & ORNAMENTAL IN METRIC TON, BRAZIL, 2017 - 2030
  1. Figure 57:  
  2. MICRONUTRIENTS FERTILIZER CONSUMPTION BY TURF & ORNAMENTAL IN USD, BRAZIL, 2017 - 2030
  1. Figure 58:  
  2. MICRONUTRIENTS FERTILIZER CONSUMPTION VALUE BY PRODUCT IN %, BRAZIL, 2023 VS 2030
  1. Figure 59:  
  2. MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, BRAZIL, 2017 - 2030
  1. Figure 60:  
  2. BRAZIL MICRONUTRIENT FERTILIZER MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
  1. Figure 61:  
  2. MARKET SHARE OF MAJOR PLAYERS IN %, BRAZIL, 2022

Brazil Micronutrient Fertilizer Industry Segmentation

Boron, Copper, Iron, Manganese, Molybdenum, Zinc, Others are covered as segments by Product. Fertigation, Foliar, Soil are covered as segments by Application Mode. Field Crops, Horticultural Crops, Turf & Ornamental are covered as segments by Crop Type.

  • Zinc is the most used micronutrient in the country, accounting for a value share of 29.5% in 2022. Boron is the second most used micronutrient in Brazil after Zinc, accounting for 18.0% in terms of value in 2022.
  • Molybdenum is vital for the process of symbiotic nitrogen (N) fixation by Rhizobia bacteria in legume root nodules. It is also required for the synthesis and activity of the enzyme nitrate reductase.
  • A deficiency of copper significantly affects the crop yield, resulting in poor grain filling and deformed or shriveled kernels. The market value of copper fertilizers is expected to experience a CAGR of 5.4% from 2023 to 2030.
  • Field crops accounted for a major share of about 95.0%, followed by horticultural crops, which accounted for about 5.0% of the total market value of boron in 2022. The rising deficiency of boron in soil due to extensive cultivation of field crops is expected to drive the growth of the market.
  • The market value of micronutrient fertilizers in 2022 was USD 331.7 million, with a volume consumption of 84.0 thousand metric tons. The consumption volume of these fertilizers stayed undeterred by price fluctuation even after the pandemic when global fertilizer prices rose. Their consumption volume increased steadily, and they are expected to register a CAGR of 3.9% from 2023 to 2030.
  • The market value of micronutrient fertilizers is expected to record a CAGR of 6.0% from 2023 to 2030 due to the increasing need for higher productivity and quality of produce.
Product
Boron
Copper
Iron
Manganese
Molybdenum
Zinc
Others
Application Mode
Fertigation
Foliar
Soil
Crop Type
Field Crops
Horticultural Crops
Turf & Ornamental
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Market Definition

  • MARKET ESTIMATION LEVEL - Market Estimations for various types of fertilizers has been done at the product-level and not at the nutrient-level.
  • NUTRIENT TYPES COVERED - Micronutients: Zn, Mn, Cu, Fe, Mo, B, and Others
  • AVERAGE NUTRIENT APPLICATION RATE - This refers to the average volume of nutrient consumed per hectare of farmland in each country.
  • CROP TYPES COVERED - Field Crops: Cereals, Pulses, Oilseeds, and Fiber Crops Horticulture: Fruits, Vegetables, Plantation Crops and Spices, Turf Grass and Ornamentals
Keyword Definition
Fertilizer Chemical substance applied to crops to ensure nutritional requirements, available in various forms such as granules, powders, liquid, water soluble, etc.
Specialty Fertilizer Used for enhanced efficiency and nutrient availability applied through soil, foliar, and fertigation. Includes CRF, SRF, liquid fertilizer, and water soluble fertilizers.
Controlled-Release Fertilizers (CRF) Coated with materials such as polymer, polymer-sulfur, and other materials such as resins to ensure nutrient availability to the crop for its entire life cycle.
Slow-Release Fertilizers (SRF) Coated with materials such as sulfur, neem, etc., to ensure nutrient availability to the crop for a longer period.
Foliar Fertilizers Consist of both liquid and water soluble fertilizers applied through foliar application.
Water-Soluble Fertilizers Available in various forms including liquid, powder, etc., used in foliar and fertigation mode of fertilizer application.
Fertigation Fertilizers applied through different irrigation systems such as drip irrigation, micro irrigation, sprinkler irrigation, etc.
Anhydrous Ammonia Used as fertilizer, directly injected into the soil, available in gaseous liquid form.
Single Super Phosphate (SSP) Phosphorus fertilizer containing only phosphorus which has lesser than or equal to 35%.
Triple Super Phosphate (TSP) Phosphorus fertilizer containing only phosphorus greater than 35%.
Enhanced Efficiency Fertilizers Fertilizers coated or treated with additional layers of various ingredients to make it more efficient compared to other fertilizers.
Conventional Fertilizer Fertilizers applied to crops through traditional methods including broadcasting, row placement, ploughing soil placement, etc.
Chelated Micronutrients Micronutrient fertilizers coated with chelating agents such as EDTA, EDDHA, DTPA, HEDTA, etc.
Liquid Fertilizers Available in liquid form, majorly used for application of fertilizers to crops through foliar and fertigation.
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Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: IDENTIFY KEY VARIABLES: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period for each country.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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Brazil Micronutrient Fertilizer Market Research FAQs

The Brazil Micronutrient Fertilizer Market size is expected to reach USD 267.63 million in 2024 and grow at a CAGR of 6.12% to reach USD 382.18 million by 2030.

In 2024, the Brazil Micronutrient Fertilizer Market size is expected to reach USD 267.63 million.

EuroChem Group, K+S Aktiengesellschaft, Nortox, The Mosaic Company and Yara International ASA are the major companies operating in the Brazil Micronutrient Fertilizer Market.

In the Brazil Micronutrient Fertilizer Market, the Zinc segment accounts for the largest share by product.

In 2024, the Molybdenum segment accounts for the fastest growing by product in the Brazil Micronutrient Fertilizer Market.

In 2023, the Brazil Micronutrient Fertilizer Market size was estimated at 267.63 million. The report covers the Brazil Micronutrient Fertilizer Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Brazil Micronutrient Fertilizer Market size for years: 2024, 2025, 2026, 2027, 2028, 2029 and 2030.

Brazil Micronutrient Fertilizer Industry Report

Statistics for the 2023 Brazil Micronutrient Fertilizer market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Brazil Micronutrient Fertilizer analysis includes a market forecast outlook to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Brazil Micronutrient Fertilizer Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030