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

The North America Micronutrient Fertilizer Market is segmented by Product ( Boron, Copper, Iron, Manganese, Molybdenum, Zinc, Others ) , by Application Mode ( Fertigation, Foliar, Soil ) , by Crop Type ( Field Crops, Horticultural Crops, Turf & Ornamental ) and by Country ( Canada, Mexico, United States )

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North America Micronutrient Fertilizer Market Size

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North America Micronutrient Fertilizer Market
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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2016 - 2030
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 1.40 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2030) USD 2.01 Billion
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) 6.21 %
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Country United States

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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North America Micronutrient Fertilizer Market Analysis

The North America Micronutrient Fertilizer Market size is estimated at USD 1.40 billion in 2024, and is expected to reach USD 2.01 billion by 2030, growing at a CAGR of 6.21% during the forecast period (2024-2030).

  • Largest Segment by Type - Zinc : Zn is the most applied micronutrient fertilizer because of increasing Zn deficiencies in soils of major growing regions and application of Zn is proven to give higher yields.
  • Fastest growing segment by Type - Zinc : Wide spread of alkaline and calcareous soils in the region and growing staples like maize, wheat in large area demanding the more zinc micronutrient fertilizers.
  • Largest Segment by Crop Type - Field Crops : Field crops dominate the North American fertilizers market due to the large cultivation area in the region. Field crops account for more than 95% of the total crop area.
  • Largest segment by Country - United States : The United States accounts for about 69% of the total agricultural crop area in the region. The country is one of the major producers of fertilizers in North America.

North America Micronutrient Fertilizer Market Trends

This section covers the major market trends shaping the North America Micronutrient Fertilizer Market according to our research experts:

Zinc is the largest segment by Product.

  • Micronutrients are essential for plant growth and play an important role in balanced crop nutrition. The lack of any of the micronutrients may limit plant growth. Micronutrient fertilizers contain elements like boron, copper, manganese, zinc, and cobalt; plants require these substances in small quantities.
  • There was a dip in the micronutrient fertilizer value in 2020 due to the COVID-19 pandemic. Due to the shortage of labor and the shutdown of a few fertilizer plants located in the integrated chemical complexes, shipments were affected in the initial lockdown process. However, the conditions stabilized, and production rates increased for all fertilizers by 2021.
  • By crop type, field crops recorded the highest value of USD 375.0 million and a consumption volume of 123.9 thousand metric tons in 2021. This was because field crops account for about 95.0% of agricultural land in the region.
  • The conventional micronutrient fertilizers segment accounted for 36.0% of the market share and was valued at USD 166.0 million in 2021; it is anticipated to reach USD 233.5 million by 2028. The specialty fertilizers segment accounted for 64% and was valued at USD 292.3 million in 2021; it is expected to reach USD 394.6 million by the end of the forecast period.
  • Zinc is the most commonly consumed micronutrient in North America, accounting for a market share of 37.3% in 2022. This is attributed to zinc being a major component of plant enzyme systems. Zinc aids in the activation of different types of enzymes, boosting carbohydrate metabolism.
  • In the specialty fertilizers segment, the liquid form of micronutrient fertilizers accounted for 63.4% of the total consumption volume of 81.4 thousand metric tons in 2021.
North America Micronutrient Fertilizer Market

United States is the largest segment by Country.

  • In North America, the United States is the largest agriculture producer, with about 98.8 million hectare of agricultural land. The United States accounted for 69.6% of the North American micronutrient fertilizer market value in 2021. 
  • In the United States, the total area under crop cultivation was 114.7 million hectare in 2021, and it is anticipated to reach 124.4 million hectare by 2028. Hence, there will be more usage of micronutrient fertilizers, thereby driving the market.
  • Canada accounted for about 18.8% of the total micronutrient fertilizer market value in the region in 2021, and it is the second-largest country in terms of agricultural land, with about 30.9 million hectare in North America. Crops are cultivated in more than 88.0% of the agricultural land in Canada, concentrated across Prairies, Quebec, and Southern Ontario.
  • Mexico accounted for about 9.3% of the market value and 7.6% of the volume in the total micronutrient market in 2021. Field crops dominated the Mexican micronutrient fertilizer market, accounting for 69.2% of the total volume, followed by turf and ornamental crops contributing 16.1% and horticultural crops with 14.6% in 2021. Corn, sugarcane, sorghum, and wheat are the major field crops grown in Mexico.
  • The rest of the North American region accounted for about 2.1% of the total North American micronutrient fertilizer market value in 2021. Countries like Dominica, the Dominican Republic, El Salvador, Haiti, and Nicaragua in the Rest of North America segment are not only dependent on fertilizer imports but also dependent on imported agricultural commodities.
  • Due to the aforementioned factors, the North American micronutrient fertilizer market is steadily growing and is anticipated to grow further during the forecast period, as micronutrients are crucial for the healthy growth of crops in the region.
North America Micronutrient Fertilizer Market

North America Micronutrient Fertilizer Industry Overview

The North America Micronutrient Fertilizer Market is fairly consolidated, with the top five companies occupying 124.84%. The major players in this market are Koch Industries Inc., The Andersons Inc.,, The Mosaic Co., Wilbur-Ellis Company LLC and Yara International ASA (sorted alphabetically).

North America Micronutrient Fertilizer Market Leaders

  1. Koch Industries Inc.

  2. The Andersons Inc.,

  3. The Mosaic Co.

  4. Wilbur-Ellis Company LLC

  5. Yara International ASA

*Disclaimer: Major Players sorted in no particular order

North America Micronutrient Fertilizer Market
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North America Micronutrient Fertilizer Market News

  • March 2021: Mosaic announced a partnership with Sound Agriculture to develop and distribute a nutrient efficiency product. Sound Agriculture will focus on manufacturing of the active ingredient and product formulation, while Mosaic will oversee field development, regulatory, sales and marketing efforts. The product leverage Sound Agrculture Bio-inspired chemistry that activates the soil microbiome to give plants access to important nutrients and allow growers to optimize fertilizer inputs.It is expected to release in 2023 for US market.
  • February 2021: According to agreement Haifa to invest $2M in AgriIOT against 30% of the company. This agreement will help Haifa to use the AgriIOT technology to identify the defeciencies in the crop in a simple and precise manner for their customers.
  • January 2019: Haifa Group launched NutriNet, an online expert system which aims to support and optimize the process of creating customized fertilization programs. It assist growers in setting fertilization programs at free of cost.

North America Micronutrient Fertilizer Market Report - Table of Contents

  1. 1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. 2. REPORT OFFERS

  3. 3. INTRODUCTION

    1. 3.1. Study Assumptions & Market Definition

    2. 3.2. Scope of the Study

    3. 3.3. Research Methodology

  4. 4. KEY INDUSTRY TRENDS

    1. 4.1. Acreage Of Major Crop Types

    2. 4.2. Average Nutrient Application Rates

    3. 4.3. Regulatory Framework

    4. 4.4. Value Chain & Distribution Channel Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1. Product

      1. 5.1.1. Boron

      2. 5.1.2. Copper

      3. 5.1.3. Iron

      4. 5.1.4. Manganese

      5. 5.1.5. Molybdenum

      6. 5.1.6. Zinc

      7. 5.1.7. Others

    2. 5.2. Application Mode

      1. 5.2.1. Fertigation

      2. 5.2.2. Foliar

      3. 5.2.3. Soil

    3. 5.3. Crop Type

      1. 5.3.1. Field Crops

      2. 5.3.2. Horticultural Crops

      3. 5.3.3. Turf & Ornamental

    4. 5.4. Country

      1. 5.4.1. Canada

      2. 5.4.2. Mexico

      3. 5.4.3. United States

      4. 5.4.4. Rest Of North America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1. Key Strategic Moves

    2. 6.2. Market Share Analysis

    3. 6.3. Company Landscape

    4. 6.4. Company Profiles

      1. 6.4.1. Haifa Group Ltd

      2. 6.4.2. Koch Industries Inc.

      3. 6.4.3. Nouryon Coöperatief UA

      4. 6.4.4. Sociedad Quimica y Minera de Chile SA

      5. 6.4.5. The Andersons Inc.,

      6. 6.4.6. The Mosaic Co.

      7. 6.4.7. Wilbur-Ellis Company LLC

      8. 6.4.8. Yara International ASA

  7. 7. KEY STRATEGIC QUESTIONS FOR FERTILIZER CEOS

  8. 8. APPENDIX

    1. 8.1. Global Overview

      1. 8.1.1. Overview

      2. 8.1.2. Porter's Five Forces Framework

      3. 8.1.3. Global Value Chain Analysis

      4. 8.1.4. Market Dynamics (DROs)

    2. 8.2. Sources & References

    3. 8.3. List of Tables & Figures

    4. 8.4. Primary Insights

    5. 8.5. Data Pack

    6. 8.6. Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. NORTH AMERICA MARKET, AREA YOY GROWTH RATE, 2016 - 2021
  1. Figure 2:  
  2. NORTH AMERICA MARKET, AREA YOY GROWTH RATE, 2016 - 2021
  1. Figure 3:  
  2. NORTH AMERICA MARKET, VOLUME YOY GROWTH RATE, 2021 - 2021
  1. Figure 4:  
  2. NORTH AMERICA MARKET, VOLUME YOY GROWTH RATE, 2021 - 2021
  1. Figure 5:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, VOLUME, METRIC TON, 2016 - 2028
  1. Figure 6:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, VALUE, USD, 2016 - 2028
  1. Figure 7:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, VOLUME, METRIC TON, 2016 - 2028
  1. Figure 8:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, VALUE, USD, 2016 - 2028
  1. Figure 9:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, VOLUME SHARE(%), BY PRODUCT, 2016 - 2028
  1. Figure 10:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY PRODUCT, 2016 - 2028
  1. Figure 11:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, BORON, METRIC TON, 2016 - 2028
  1. Figure 12:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, BORON, USD, 2016 - 2028
  1. Figure 13:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 14:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, COPPER, METRIC TON, 2016 - 2028
  1. Figure 15:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, COPPER, USD, 2016 - 2028
  1. Figure 16:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 17:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, IRON, METRIC TON, 2016 - 2028
  1. Figure 18:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, IRON, USD, 2016 - 2028
  1. Figure 19:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 20:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, MANGANESE, METRIC TON, 2016 - 2028
  1. Figure 21:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, MANGANESE, USD, 2016 - 2028
  1. Figure 22:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 23:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, MOLYBDENUM, METRIC TON, 2016 - 2028
  1. Figure 24:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, MOLYBDENUM, USD, 2016 - 2028
  1. Figure 25:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 26:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, ZINC, METRIC TON, 2016 - 2028
  1. Figure 27:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, ZINC, USD, 2016 - 2028
  1. Figure 28:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 29:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, OTHERS, METRIC TON, 2016 - 2028
  1. Figure 30:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, OTHERS, USD, 2016 - 2028
  1. Figure 31:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 32:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, VOLUME, METRIC TON, 2016 - 2028
  1. Figure 33:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, VALUE, USD, 2016 - 2028
  1. Figure 34:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, VOLUME SHARE(%), BY APPLICATION MODE, 2016 - 2028
  1. Figure 35:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY APPLICATION MODE, 2016 - 2028
  1. Figure 36:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, FERTIGATION, METRIC TON, 2016 - 2028
  1. Figure 37:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, FERTIGATION, USD, 2016 - 2028
  1. Figure 38:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 39:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, FOLIAR, METRIC TON, 2016 - 2028
  1. Figure 40:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, FOLIAR, USD, 2016 - 2028
  1. Figure 41:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 42:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, SOIL, METRIC TON, 2016 - 2028
  1. Figure 43:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, SOIL, USD, 2016 - 2028
  1. Figure 44:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 45:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, VOLUME, METRIC TON, 2016 - 2028
  1. Figure 46:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, VALUE, USD, 2016 - 2028
  1. Figure 47:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, VOLUME SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 48:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 49:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, FIELD CROPS, METRIC TON, 2016 - 2028
  1. Figure 50:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, FIELD CROPS, USD, 2016 - 2028
  1. Figure 51:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY PRODUCT, 2016 - 2028
  1. Figure 52:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, HORTICULTURAL CROPS, METRIC TON, 2016 - 2028
  1. Figure 53:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, HORTICULTURAL CROPS, USD, 2016 - 2028
  1. Figure 54:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY PRODUCT, 2016 - 2028
  1. Figure 55:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, TURF & ORNAMENTAL, METRIC TON, 2016 - 2028
  1. Figure 56:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, TURF & ORNAMENTAL, USD, 2016 - 2028
  1. Figure 57:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY PRODUCT, 2016 - 2028
  1. Figure 58:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, VOLUME, METRIC TON, 2016 - 2028
  1. Figure 59:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, VALUE, USD, 2016 - 2028
  1. Figure 60:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, VOLUME SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 61:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 62:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, CANADA, METRIC TON, 2016 - 2028
  1. Figure 63:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, CANADA, USD, 2016 - 2028
  1. Figure 64:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 65:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, MEXICO, METRIC TON, 2016 - 2028
  1. Figure 66:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, MEXICO, USD, 2016 - 2028
  1. Figure 67:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 68:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, UNITED STATES, METRIC TON, 2016 - 2028
  1. Figure 69:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, UNITED STATES, USD, 2016 - 2028
  1. Figure 70:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 71:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, REST OF NORTH AMERICA, METRIC TON, 2016 - 2028
  1. Figure 72:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, REST OF NORTH AMERICA, USD, 2016 - 2028
  1. Figure 73:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
  1. Figure 74:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
  1. Figure 75:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
  1. Figure 76:  
  2. NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET SHARE(%), BY MAJOR PLAYERS, 2021

North America 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. Canada, Mexico, United States 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
Canada
Mexico
United States
Rest Of North America
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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
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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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North America Micronutrient Fertilizer Market Research FAQs

The North America Micronutrient Fertilizer Market size is expected to reach USD 1.40 billion in 2024 and grow at a CAGR of 6.21% to reach USD 2.01 billion by 2030.

In 2024, the North America Micronutrient Fertilizer Market size is expected to reach USD 1.40 billion.

Koch Industries Inc., The Andersons Inc.,, The Mosaic Co., Wilbur-Ellis Company LLC and Yara International ASA are the major companies operating in the North America Micronutrient Fertilizer Market.

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

In 2024, United States accounts for the largest share by country in the North America Micronutrient Fertilizer Market.

In 2023, the North America Micronutrient Fertilizer Market size was estimated at USD 1.32 billion. The report covers the North America Micronutrient Fertilizer Market historical market size for years: 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Micronutrient Fertilizer Market size for years: 2024, 2025, 2026, 2027, 2028, 2029 and 2030.

North America Micronutrient Fertilizer Industry Report

Statistics for the 2024 North America Micronutrient Fertilizer market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America 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.

North America Micronutrient Fertilizer Report Snapshots

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