Market Size of africa micronutrient fertilizer Industry
| Icons | Lable | Value |
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Study Period | 2016 - 2028 |
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Market Size (2024) | USD 547.80 Million |
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Market Size (2028) | USD 760.07 Million |
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Largest Share by Product | Zinc |
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CAGR (2024 - 2028) | 8.53 % |
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Largest Share by Country | Nigeria |
Major Players |
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*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.
