Africa Micronutrient Fertilizer Market Size
| Icons | Lable | Value |
|---|---|---|
|
Study Period | 2016 - 2028 |
|
Market Size (2024) | USD 547.80 Million |
|
|
Market Size (2028) | USD 760.07 Million |
|
Largest Share by Product | Zinc |
|
|
CAGR (2024 - 2028) | 8.53 % |
|
Largest Share by Country | Nigeria |
Major Players |
||
|
||
|
*Disclaimer: Major Players sorted in no particular order |
Africa Micronutrient Fertilizer Market Analysis
The Africa Micronutrient Fertilizer Market size is estimated at USD 547.80 million in 2024, and is expected to reach USD 760.07 million by 2028, growing at a CAGR of 8.53% during the forecast period (2024-2028).
- Largest Segment by Type - Zinc : Zinc deficient soils is a wide spread problem in Africa, and its application is proven to increase the crop yields and grain size, making it the most consumed micronutrient.
- Fastest growing segment by Type - Iron : The alkaline soils with high pH and degrading health and quality of soils are making them deficient in Iron thus increasing the demand for high-yield crop production.
- Largest Segment by Crop Type - Field Crops : The domination of field crops in Africa Fertilizers market is mainly due to its large cultivation area in the region. They account for more than 95% of total crop area.
- Largest segment by Country - Nigeria : Nigeria has large agricultural area in the region, it acccounts for about 35% of the total crop area in the region and has some of the largest fertilizer blending units.
Africa Micronutrient Fertilizer Market Trends
This section covers the major market trends shaping the Africa Micronutrient Fertilizer Market according to our research experts:
Zinc is the largest segment by Product.
- Among the micronutrients, zinc is the most consumed micronutrient fertilizer in the region, accounting for 31% of the total consumption in the region in 2021. This share is attributed to the role of zinc as a micronutrient in increasing the yield of crops. Countries in the region are aiming to increase their productivity to cater to socio-economic problems like malnutrition and hidden hunger. Zinc deficiency is predominantly observed in the agricultural soils of Africa.
- Iron accounted for 30% of the total micronutrient fertilizer consumption and 23% of the market value in the region in 2021. It is the second most consumed micronutrient fertilizer in Africa.
- Boron is Africa's third most consumed micronutrient fertilizer, accounting for a volume consumption of 182k metric tons in 2021 and occupying a share of 17%. Boron is an important micronutrient that helps develop the plant's root system at the earlier stages of its growth. It also helps in the activation of enzymes that help in the uptake of other major nutrients like potassium.
- Manganese and copper are also among the commonly used micronutrients based on the requirement when deficiency symptoms occur. Both micronutrients accounted for a share of 15% in 2021. The usage of molybdenum and other micronutrients like cobalt, chlorine, nickel, and selenium is not too significant due to their abundance in the soil and their lower requirement. However, the degrading soil quality is gradually increasing the need for the application of these fertilizers.
- Therefore, the demand for micronutrient fertilizers is growing with the increasing micronutrient deficiencies in the soil and crops, which may drive the market for these fertilizers during the forecast period.
Understand The Key Trends Shaping This Market
Download Sample
Nigeria is the largest segment by Country.
- Africa has the highest population with respect to the area of arable land. For instance, the Sub-Saharan African region occupies 13% of the world's population and has approximately 20% of the global agricultural land by area. However, the region faces severe food insecurity, which is primarily attributed to inadequate food production due to a lack of access to modern mechanization and limited use of fertilizers.
- In Africa, Nigeria accounted for the largest share of 33.8% of the micronutrient fertilizer market in 2021. Micronutrient fertilizers are predominantly used in field crops, which occupied a major share of 92.2%, with a volume of 3.9 million metric tons in 2021 in Nigeria, followed by turf and ornamental crops with a 5.1% share and horticultural crops with a 0.3% share of the total volume. According to FAO, Nigeria had 70.8 million ha of agricultural land area, with maize, cassava, guinea corn, yam beans, millet, and rice being the major crops in 2019.
- South Africa accounts for 0.7% of the African micronutrient fertilizers market. Specialty micronutrient fertilizers accounted for 62.1% of the South African micronutrients market with a value of USD 5.9 million, while conventional micronutrient fertilizers held a share of 33.3% with a value of USD 3.6 million in 2021. Specialty fertilizers dominate the market due to their greater effectiveness in quickly addressing micronutrient deficiencies in plants.
- Thus, the increase in the area under cultivation, coupled with the rising demand for food in the region, is likely to accelerate the sales of micronutrient fertilizers during the forecast period.
Get Analysis on Important Geographic Markets
Download Sample
Africa Micronutrient Fertilizer Industry Overview
The Africa Micronutrient Fertilizer Market is moderately consolidated, with the top five companies occupying 47.04%. The major players in this market are Gavilon South Africa, K+S AKTIENGESELLSCHAFT, Kynoch Fertilizer, UPL Limited and Yara International ASA, (sorted alphabetically).
Africa Micronutrient Fertilizer Market Leaders
Gavilon South Africa
K+S AKTIENGESELLSCHAFT
Kynoch Fertilizer
UPL Limited
Yara International ASA,
*Disclaimer: Major Players sorted in no particular order
Need More Details on Market Players and Competitors?
Download Sample
Africa Micronutrient Fertilizer Market News
- November 2021: UPL Africa 'soft launched' its revolutionary crop monitoring and digital platform called CropVision. It uses the newest, and highly accurate, satellite data technology enabling the UPL exclusive distributors, their representatives and farmers to continuously monitor thousands of hectares from a single online platform.
- April 2019: Kynoch announced Mergers & Acquisitions of Profert Fertilizer a major role player in the granular and liquid fertilizer industry. This transaction will give Kynoch access to new markets and additional production resources, ultimately contributing to their motto of enhancing efficiency through innovation.
- March 2019: Kynoch Fertilizer, a leading plant nutrient producer and distributor, announced the Mergers & Acquisitions of Sidi Parani to build a substantial position in the fertilizer market in South Africa and Africa.
Africa Micronutrient Fertilizer Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
3.1. Study Assumptions & Market Definition
3.2. Scope of the Study
3.3. Research Methodology
4. KEY INDUSTRY TRENDS
4.1. Acreage Of Major Crop Types
4.2. Average Nutrient Application Rates
4.3. Regulatory Framework
4.4. Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION
5.1. Product
5.1.1. Boron
5.1.2. Copper
5.1.3. Iron
5.1.4. Manganese
5.1.5. Molybdenum
5.1.6. Zinc
5.1.7. Others
5.2. Application Mode
5.2.1. Fertigation
5.2.2. Foliar
5.2.3. Soil
5.3. Crop Type
5.3.1. Field Crops
5.3.2. Horticultural Crops
5.3.3. Turf & Ornamental
5.4. Country
5.4.1. Nigeria
5.4.2. South Africa
5.4.3. Rest Of Africa
6. COMPETITIVE LANDSCAPE
6.1. Key Strategic Moves
6.2. Market Share Analysis
6.3. Company Landscape
6.4. Company Profiles
6.4.1. Gavilon South Africa
6.4.2. Haifa Group Ltd
6.4.3. K+S AKTIENGESELLSCHAFT
6.4.4. Kynoch Fertilizer
6.4.5. Omnia Nutriology
6.4.6. UPL Limited
6.4.7. Yara International ASA,
7. KEY STRATEGIC QUESTIONS FOR FERTILIZER CEOS
8. APPENDIX
8.1. Global Overview
8.1.1. Overview
8.1.2. Porter's Five Forces Framework
8.1.3. Global Value Chain Analysis
8.1.4. Market Dynamics (DROs)
8.2. Sources & References
8.3. List of Tables & Figures
8.4. Primary Insights
8.5. Data Pack
8.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- AFRICA MARKET, AREA YOY GROWTH RATE, 2016 - 2021
- Figure 2:
- AFRICA MARKET, AREA YOY GROWTH RATE, 2016 - 2021
- Figure 3:
- AFRICA MARKET, VOLUME YOY GROWTH RATE, 2021 - 2021
- Figure 4:
- AFRICA MARKET, VOLUME YOY GROWTH RATE, 2021 - 2021
- Figure 5:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, VOLUME, METRIC TON, 2016 - 2028
- Figure 6:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, VALUE, USD, 2016 - 2028
- Figure 7:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, VOLUME, METRIC TON, 2016 - 2028
- Figure 8:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, VALUE, USD, 2016 - 2028
- Figure 9:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, VOLUME SHARE(%), BY PRODUCT, 2016 - 2028
- Figure 10:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY PRODUCT, 2016 - 2028
- Figure 11:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, BORON, METRIC TON, 2016 - 2028
- Figure 12:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, BORON, USD, 2016 - 2028
- Figure 13:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 14:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, COPPER, METRIC TON, 2016 - 2028
- Figure 15:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, COPPER, USD, 2016 - 2028
- Figure 16:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 17:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, IRON, METRIC TON, 2016 - 2028
- Figure 18:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, IRON, USD, 2016 - 2028
- Figure 19:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 20:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, MANGANESE, METRIC TON, 2016 - 2028
- Figure 21:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, MANGANESE, USD, 2016 - 2028
- Figure 22:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 23:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, MOLYBDENUM, METRIC TON, 2016 - 2028
- Figure 24:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, MOLYBDENUM, USD, 2016 - 2028
- Figure 25:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 26:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, ZINC, METRIC TON, 2016 - 2028
- Figure 27:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, ZINC, USD, 2016 - 2028
- Figure 28:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 29:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, OTHERS, METRIC TON, 2016 - 2028
- Figure 30:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, OTHERS, USD, 2016 - 2028
- Figure 31:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 32:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, VOLUME, METRIC TON, 2016 - 2028
- Figure 33:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, VALUE, USD, 2016 - 2028
- Figure 34:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, VOLUME SHARE(%), BY APPLICATION MODE, 2016 - 2028
- Figure 35:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY APPLICATION MODE, 2016 - 2028
- Figure 36:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, FERTIGATION, METRIC TON, 2016 - 2028
- Figure 37:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, FERTIGATION, USD, 2016 - 2028
- Figure 38:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 39:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, FOLIAR, METRIC TON, 2016 - 2028
- Figure 40:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, FOLIAR, USD, 2016 - 2028
- Figure 41:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 42:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, SOIL, METRIC TON, 2016 - 2028
- Figure 43:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, SOIL, USD, 2016 - 2028
- Figure 44:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 45:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, VOLUME, METRIC TON, 2016 - 2028
- Figure 46:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, VALUE, USD, 2016 - 2028
- Figure 47:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, VOLUME SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 48:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 49:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, FIELD CROPS, METRIC TON, 2016 - 2028
- Figure 50:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, FIELD CROPS, USD, 2016 - 2028
- Figure 51:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY PRODUCT, 2016 - 2028
- Figure 52:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, HORTICULTURAL CROPS, METRIC TON, 2016 - 2028
- Figure 53:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, HORTICULTURAL CROPS, USD, 2016 - 2028
- Figure 54:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY PRODUCT, 2016 - 2028
- Figure 55:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, TURF & ORNAMENTAL, METRIC TON, 2016 - 2028
- Figure 56:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, TURF & ORNAMENTAL, USD, 2016 - 2028
- Figure 57:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY PRODUCT, 2016 - 2028
- Figure 58:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, VOLUME, METRIC TON, 2016 - 2028
- Figure 59:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, VALUE, USD, 2016 - 2028
- Figure 60:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, VOLUME SHARE(%), BY COUNTRY, 2016 - 2028
- Figure 61:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY COUNTRY, 2016 - 2028
- Figure 62:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, NIGERIA, METRIC TON, 2016 - 2028
- Figure 63:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, NIGERIA, USD, 2016 - 2028
- Figure 64:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 65:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, SOUTH AFRICA, METRIC TON, 2016 - 2028
- Figure 66:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, SOUTH AFRICA, USD, 2016 - 2028
- Figure 67:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 68:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, REST OF AFRICA, METRIC TON, 2016 - 2028
- Figure 69:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, REST OF AFRICA, USD, 2016 - 2028
- Figure 70:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 71:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
- Figure 72:
- AFRICA MICRONUTRIENT FERTILIZER MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
- Figure 73:
- AFRICA MICRONUTRIENT FERTILIZER MARKET SHARE(%), BY MAJOR PLAYERS, 2021
Africa 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. Nigeria, South Africa are covered as segments by Country.| Product | |
| Boron | |
| Copper | |
| Iron | |
| Manganese | |
| Molybdenum | |
| Zinc | |
| Others |
| Application Mode | |
| Fertigation | |
| Foliar | |
| Soil |
| Crop Type | |
| Field Crops | |
| Horticultural Crops | |
| Turf & Ornamental |
| Country | |
| Nigeria | |
| South Africa | |
| Rest Of Africa |
Need A Different Region Or Segment?
Customize Now
Market Definition
- 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, Fiber Crops, and Forage Crops, Horticulture: Fruits, Vegetables, Plantation Crops and Spices, Turf Grass and Ornamentals
- 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
Need More Details on Market Definition?
Ask a Question
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
Get More Details On Research Methodology
Download Sample
80% of our clients seek made-to-order reports. How do you want us to tailor yours?
