Russia Micronutrient Fertilizer Market Size
| Icons | Lable | Value |
|---|---|---|
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Study Period | 2016 - 2028 |
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Market Size (2024) | USD 120.08 Million |
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Market Size (2028) | USD 160.42 Million |
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Largest Share by Product | Zinc |
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CAGR (2024 - 2028) | 7.51 % |
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Fastest Growing by Product | Manganese |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Russia Micronutrient Fertilizer Market Analysis
The Russia Micronutrient Fertilizer Market size is estimated at USD 120.08 million in 2024, and is expected to reach USD 160.42 million by 2028, growing at a CAGR of 7.51% during the forecast period (2024-2028).
- Largest Segment by Type - Zinc : Zinc deficiency in soils is a wide spread issue in the country. The staples like maize and wheat cultivation demand more zinc micronutrient fertilizer application.
- Fastest growing segment by Type - Manganese : Manganese is very little mobile in the plants and can not remobilize from older leaves to manganese deficient young leaves. This results in more demand for manganese.
- Largest Segment by Crop Type - Field Crops : The domination of field crops in Fertilizers market is mainly due to its large cultivation area in the country. They account for more than 95% of total crop area.
- Largest segment by Application Mode - Foliar : Micronutrient deficiency can be quickly addressed by the foliar spraying as it directly sprayed on plant leaves, the micronutrients directly act on the plant foliages.
Russia Micronutrient Fertilizer Market Trends
This section covers the major market trends shaping the Russia Micronutrient Fertilizer Market according to our research experts:
Zinc is the largest segment by Product.
- Micronutrients play an important role in many plant metabolic activities, such as cell wall formation, pollen formation, germination, chlorophyll production, nitrogen fixation, and synthesis of essential parts of proteins.
- In 2021, zinc micronutrient fertilizers dominated the Russian micronutrient fertilizer market and accounted for about 32.3% of the total micronutrient market. The zinc market value in the country increased by about 46.0% during the study period. Zinc is a major component of plant enzyme systems. Zinc aids in the activation of different types of enzymes, boosting carbohydrate metabolism.
- Copper is the second-largest micronutrient consumed in Russia, and it accounted for about 27.8% of the total micronutrient fertilizer value in 2021. Copper takes part in the formation of chlorophyll and plays a crucial role in multiple enzyme processes. The deficiency of copper significantly affects crop yield, resulting in poor grain filling and deformed or shriveled kernels.
- Manganese accounted for about 19.0% of the total micronutrient fertilizer market value in 2021. In the total manganese fertilizer market, conventional manganese fertilizers accounted for about 52.52%, and specialty manganese fertilizers accounted for about 47.48% in 2021. Manganese is effective against phosphate fertilizers, and it is advisable to produce superphosphate enriched with manganese.
- Iron is a component of many enzymes associated with energy transfer, nitrogen reduction and fixation, and lignin formation. Iron accounted for 12.6% of the total market value in 2021.
- Thus, the micronutrient fertilizers market is anticipated to experience growth during the forecast period owing to their importance in plant metabolism.
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Russia Micronutrient Fertilizer Industry Overview
The Russia Micronutrient Fertilizer Market is fairly consolidated, with the top five companies occupying 95.82%. The major players in this market are Biolchim SPA, Eurochem Group, ICL Speciality Fertilizers, Valagro and Yara International ASA (sorted alphabetically).
Russia Micronutrient Fertilizer Market Leaders
Biolchim SPA
Eurochem Group
ICL Speciality Fertilizers
Valagro
Yara International ASA
*Disclaimer: Major Players sorted in no particular order
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Russia Micronutrient Fertilizer Market News
- July 2019: Tradecorp released highly efficient iron chelate with progressive biodegradability IsliFe 8.2, a new solution to identify and correct iron deficiencies even under unfavourable conditions such as calcsreous and alkaline soils as well as extreeme PH ranges.
Russia 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
6. COMPETITIVE LANDSCAPE
6.1. Key Strategic Moves
6.2. Market Share Analysis
6.3. Company Landscape
6.4. Company Profiles
6.4.1. Biolchim SPA
6.4.2. Eurochem Group
6.4.3. ICL Speciality Fertilizers
6.4.4. Mivena BV
6.4.5. Trade Corporation International
6.4.6. Valagro
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:
- RUSSIA MARKET, AREA YOY GROWTH RATE, 2016 - 2021
- Figure 2:
- RUSSIA MARKET, AREA YOY GROWTH RATE, 2016 - 2021
- Figure 3:
- RUSSIA MARKET, VOLUME YOY GROWTH RATE, 2021 - 2021
- Figure 4:
- RUSSIA MARKET, VOLUME YOY GROWTH RATE, 2021 - 2021
- Figure 5:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, VOLUME, METRIC TON, 2016 - 2028
- Figure 6:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, VALUE, USD, 2016 - 2028
- Figure 7:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, VOLUME, METRIC TON, 2016 - 2028
- Figure 8:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, VALUE, USD, 2016 - 2028
- Figure 9:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, VOLUME SHARE(%), BY PRODUCT, 2016 - 2028
- Figure 10:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY PRODUCT, 2016 - 2028
- Figure 11:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, BORON, METRIC TON, 2016 - 2028
- Figure 12:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, BORON, USD, 2016 - 2028
- Figure 13:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 14:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, COPPER, METRIC TON, 2016 - 2028
- Figure 15:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, COPPER, USD, 2016 - 2028
- Figure 16:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 17:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, IRON, METRIC TON, 2016 - 2028
- Figure 18:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, IRON, USD, 2016 - 2028
- Figure 19:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 20:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, MANGANESE, METRIC TON, 2016 - 2028
- Figure 21:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, MANGANESE, USD, 2016 - 2028
- Figure 22:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 23:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, MOLYBDENUM, METRIC TON, 2016 - 2028
- Figure 24:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, MOLYBDENUM, USD, 2016 - 2028
- Figure 25:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 26:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, ZINC, METRIC TON, 2016 - 2028
- Figure 27:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, ZINC, USD, 2016 - 2028
- Figure 28:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 29:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, OTHERS, METRIC TON, 2016 - 2028
- Figure 30:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, OTHERS, USD, 2016 - 2028
- Figure 31:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 32:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, VOLUME, METRIC TON, 2016 - 2028
- Figure 33:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, VALUE, USD, 2016 - 2028
- Figure 34:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, VOLUME SHARE(%), BY APPLICATION MODE, 2016 - 2028
- Figure 35:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY APPLICATION MODE, 2016 - 2028
- Figure 36:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, FERTIGATION, METRIC TON, 2016 - 2028
- Figure 37:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, FERTIGATION, USD, 2016 - 2028
- Figure 38:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 39:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, FOLIAR, METRIC TON, 2016 - 2028
- Figure 40:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, FOLIAR, USD, 2016 - 2028
- Figure 41:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 42:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, SOIL, METRIC TON, 2016 - 2028
- Figure 43:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, SOIL, USD, 2016 - 2028
- Figure 44:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 45:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, VOLUME, METRIC TON, 2016 - 2028
- Figure 46:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, VALUE, USD, 2016 - 2028
- Figure 47:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, VOLUME SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 48:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 49:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, FIELD CROPS, METRIC TON, 2016 - 2028
- Figure 50:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, FIELD CROPS, USD, 2016 - 2028
- Figure 51:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY PRODUCT, 2016 - 2028
- Figure 52:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, HORTICULTURAL CROPS, METRIC TON, 2016 - 2028
- Figure 53:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, HORTICULTURAL CROPS, USD, 2016 - 2028
- Figure 54:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY PRODUCT, 2016 - 2028
- Figure 55:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, TURF & ORNAMENTAL, METRIC TON, 2016 - 2028
- Figure 56:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, TURF & ORNAMENTAL, USD, 2016 - 2028
- Figure 57:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY PRODUCT, 2016 - 2028
- Figure 58:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
- Figure 59:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
- Figure 60:
- RUSSIA MICRONUTRIENT FERTILIZER MARKET SHARE(%), BY MAJOR PLAYERS, 2021
Russia 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.| 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
- 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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