Russia Micronutrient Fertilizer Market - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2028

The Russia Micronutrient Fertilizer Market is segmented Market Snapshot , Product ( Boron, Copper, Iron, Manganese, Molybdenum, Zinc, Others ) , Application Mode ( Fertigation, Foliar, Soil ) and Crop Type ( Field Crops, Horticultural Crops, Turf & Ornamental )

Market Snapshot

https://s3.mordorlabs.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period: 2016 - 2028
https://s3.mordorlabs.com/base%20year/1629296433432_test~base_year_base_year.svg Base Year: 2021
https://s3.mordorlabs.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Product: Zinc
https://s3.mordorlabs.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Fastest Growing by Product: Manganese
https://s3.mordorlabs.com/cagr/1629296433433_test~cagr_cagr.svg CAGR: 3.72 %

MAJOR PLAYERS

Key Players

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Market Overview

The Russia Micronutrient Fertilizer Market stood at 109.90 million USD in 2022 and is projected to register a CAGR of 3.72% to reach 136.84 million USD in 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.

Scope of the Report

Boron, Copper, Iron, Manganese, Molybdenum, Zinc, Others are covered as segments by Product. Fertigation, Foliar, Soil are covered as segments by Application Mode. and 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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Key Market Trends

Why is Zinc 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.

Competitive Landscape

The Russia Micronutrient Fertilizer Market is fairly consolidated, with the top five companies occupying 78.84%. The major players in this market are Biolchim SPA, Eurochem Group, ICL Speciality Fertilizers, Valagro and Yara International ASA (sorted alphabetically).

Major Players

  1. Biolchim SPA

  2. Eurochem Group

  3. ICL Speciality Fertilizers

  4. Valagro

  5. Yara International ASA

*Disclaimer: Major Players are sorted alphabetically

Market Developments

  • 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.

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

  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 Biolchim SPA

      2. 6.4.2 Eurochem Group

      3. 6.4.3 ICL Speciality Fertilizers

      4. 6.4.4 Mivena BV

      5. 6.4.5 Trade Corporation International

      6. 6.4.6 Valagro

      7. 6.4.7 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

    Figure 1:  

    RUSSIA MARKET, AREA YOY GROWTH RATE, 2016 - 2021

    Figure 2:  

    RUSSIA MARKET, AREA YOY GROWTH RATE, 2016 - 2021

    Figure 3:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET, VOLUME, METRIC TON, 2016 - 2028

    Figure 4:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET, VALUE, USD, 2016 - 2028

    Figure 5:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, VOLUME, METRIC TON, 2016 - 2028

    Figure 6:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, VALUE, USD, 2016 - 2028

    Figure 7:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY PRODUCT, 2016 - 2028

    Figure 8:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY PRODUCT, 2016 - 2028

    Figure 9:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, BORON, METRIC TON, 2016 - 2028

    Figure 10:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, BORON, USD, 2016 - 2028

    Figure 11:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY CROP TYPE, 2016 - 2028

    Figure 12:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, COPPER, METRIC TON, 2016 - 2028

    Figure 13:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, COPPER, USD, 2016 - 2028

    Figure 14:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY CROP TYPE, 2016 - 2028

    Figure 15:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, IRON, METRIC TON, 2016 - 2028

    Figure 16:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, IRON, USD, 2016 - 2028

    Figure 17:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY CROP TYPE, 2016 - 2028

    Figure 18:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, MANGANESE, METRIC TON, 2016 - 2028

    Figure 19:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, MANGANESE, USD, 2016 - 2028

    Figure 20:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY CROP TYPE, 2016 - 2028

    Figure 21:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, MOLYBDENUM, METRIC TON, 2016 - 2028

    Figure 22:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, MOLYBDENUM, USD, 2016 - 2028

    Figure 23:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY CROP TYPE, 2016 - 2028

    Figure 24:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, ZINC, METRIC TON, 2016 - 2028

    Figure 25:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, ZINC, USD, 2016 - 2028

    Figure 26:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY CROP TYPE, 2016 - 2028

    Figure 27:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, OTHERS, METRIC TON, 2016 - 2028

    Figure 28:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, OTHERS, USD, 2016 - 2028

    Figure 29:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY CROP TYPE, 2016 - 2028

    Figure 30:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, VOLUME, METRIC TON, 2016 - 2028

    Figure 31:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, VALUE, USD, 2016 - 2028

    Figure 32:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY APPLICATION MODE, 2016 - 2028

    Figure 33:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY APPLICATION MODE, 2016 - 2028

    Figure 34:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, FERTIGATION, METRIC TON, 2016 - 2028

    Figure 35:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, FERTIGATION, USD, 2016 - 2028

    Figure 36:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, FOLIAR, METRIC TON, 2016 - 2028

    Figure 37:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, FOLIAR, USD, 2016 - 2028

    Figure 38:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, SOIL, METRIC TON, 2016 - 2028

    Figure 39:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, SOIL, USD, 2016 - 2028

    Figure 40:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, VOLUME, METRIC TON, 2016 - 2028

    Figure 41:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, VALUE, USD, 2016 - 2028

    Figure 42:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY CROP TYPE, 2016 - 2028

    Figure 43:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY CROP TYPE, 2016 - 2028

    Figure 44:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, FIELD CROPS, METRIC TON, 2016 - 2028

    Figure 45:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, FIELD CROPS, USD, 2016 - 2028

    Figure 46:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY PRODUCT, 2016 - 2028

    Figure 47:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, HORTICULTURAL CROPS, METRIC TON, 2016 - 2028

    Figure 48:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, HORTICULTURAL CROPS, USD, 2016 - 2028

    Figure 49:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY PRODUCT, 2016 - 2028

    Figure 50:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, TURF & ORNAMENTAL, METRIC TON, 2016 - 2028

    Figure 51:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, TURF & ORNAMENTAL, USD, 2016 - 2028

    Figure 52:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY PRODUCT, 2016 - 2028

    Figure 53:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021

    Figure 54:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021

    Figure 55:  

    RUSSIA MICRONUTRIENT FERTILIZER MARKET SHARE(%), BY MAJOR PLAYERS, 2021

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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Frequently Asked Questions

The Russia Micronutrient Fertilizer Market market is studied from 2016 - 2028.

The Russia Micronutrient Fertilizer Market stood at 109.90 million USD in 2022 and is projected to register a CAGR of 3.72% to reach 136.84 million USD in 2028.

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.

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.

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.

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.

Biolchim SPA,Eurochem Group,ICL Speciality Fertilizers,Valagro and Yara International ASA. are the major companies operating in Russia Micronutrient Fertilizer Market.