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

South America Micronutrient Fertilizer Market Analysis

The South America Micronutrient Fertilizer Market size is estimated at 518.8 million USD in 2025, and is expected to reach 690.2 million USD by 2030, growing at a CAGR of 5.88% during the forecast period (2025-2030).

The South American agricultural landscape is undergoing a significant transformation, driven by the increasing adoption of precision farming technologies and sustainable agricultural practices. Field crops dominate the agricultural sector, occupying 96.8% of the total agricultural land in 2022, highlighting the region's focus on large-scale farming operations. This extensive cultivation has led to growing concerns about soil health and nutrient management, prompting farmers to adopt more sophisticated fertilization techniques. The agricultural sector is witnessing a notable shift towards integrated nutrient management systems, combining traditional farming methods with modern technology-driven solutions to optimize crop yields while maintaining soil health.

The industry is experiencing a marked transition from conventional to specialty fertilizers, particularly in the micronutrient fertilizer segment. This shift is characterized by the development of advanced formulations that offer enhanced nutrient bioavailability and reduced environmental impact. Over 60% of the region's irrigated land is now equipped with modern irrigation systems, including sprinklers and micronutrient delivery systems, demonstrating the increasing sophistication of agricultural practices. The adoption of these advanced systems has enabled more precise nutrient application, resulting in improved fertilizer use efficiency and reduced waste.

A notable trend in the market is the growing emphasis on sustainable agriculture and environmental stewardship. Soil application remains the predominant method of micronutrient soil delivery, accounting for 94.3% of all applications in 2022, though there is increasing interest in more efficient application methods. Agricultural stakeholders are increasingly focusing on developing and implementing environmentally responsible fertilization practices that maintain soil health while meeting crop nutritional requirements. This has led to the emergence of new product formulations and application technologies designed to minimize environmental impact while maximizing nutrient uptake efficiency.

The market is witnessing significant technological advancements in fertilizer formulation and application methods. The region has experienced a 14.8% increase in cultivation area from 2017 to 2022, driving the need for more efficient nutrient management solutions. This expansion has been accompanied by increasing awareness of micronutrient deficiencies, particularly in zinc, boron, and molybdenum, leading to more targeted fertilization approaches. The industry is responding with innovative solutions, including chelated micronutrients and controlled-release formulations, which provide better nutrient availability while reducing the risk of nutrient losses through leaching or volatilization. Additionally, the use of trace element fertilizers is gaining traction as a means to address specific deficiencies effectively.

South America Micronutrient Fertilizer Market Trends

The government's initiatives to achieve self-sufficiency have significantly contributed to the increased field crop cultivation

• The cultivation area for field crops in South America witnessed growth from 111.6 million ha in 2017 to 126.1 million ha in 2022, marking a 12.8% increase. This expansion in cultivation is projected to drive up the demand for fertilizers in the region. Field crops dominated the landscape, accounting for a substantial 96.8% share. In 2022, Brazil held the lion's share of the market at 56.9%, with Argentina trailing at 29.3%. Brazil, known as the global leader in soy production and exports, saw its soy output touch nearly 135 million tonnes in 2021. Out of this, a significant 105.5 million tonnes, or 82%, was exported, with 82% in raw soybean form, 16% as soybean cake, and 2% as soybean oil.
• Soybean cultivation reigns supreme in South America, with Brazil and Argentina leading the pack, accounting for 64.4% and 26.1% of the cultivated area, respectively. However, the region is currently grappling with an extended drought, leading to alarmingly low water levels in major rivers. This has far-reaching consequences, hampering both harvests and the transportation of crucial summer crops, especially soybeans. Consequently, this situation amplifies the urgency of increasing fertilizer applications in South America.
• Driven by robust global demand and favorable profitability, soybean cultivation in the Mercosur region has witnessed a surge. The price surge in raw materials, including soy, has incentivized producers to expand their operations, investing in new lands and equipment to enhance their scale and efficiency. As a result, the region is poised for further expansion in its field crop cultivation, aligning with the growth in both domestic and international markets.

In 2022, the highest average application rate among micronutrients is for manganese, approximately 12.2 kg/hectare

• Oxisols and ultisols dominate the South American soil landscape. Oxisols, characterized by high weathering, uniform texture, and abundant iron and aluminum oxides, contrast with ultisols, which are less weathered but more acidic. However, both soil types necessitate micronutrient supplementation for optimal crop yields, given the immobility of most micronutrients in the soil. Micronutrient deficiencies are increasingly limiting annual crop production in South America. Crops like rice, corn, wheat, soybean, and common bean have reported deficits in essential micronutrients such as zinc, copper, boron, manganese, and iron.
• In 2022, the average application rate of micronutrient fertilizers in field crops stood at 4.3 kg/hectare. Despite the presence of iron in these soils, its availability to plants is hampered by its binding with excessive phosphates. Consequently, the average iron application rate in field crops across the region is 3.3 kg/hectare. Manganese, with an average application rate of 12.2 kg/hectare in 2022, leads among the micronutrients. While it is prevalent in upland rice, it is less common in rainfed or lowland rice, as its solubility increases under submerged conditions. Manganese-deficient plants exhibit stunted growth, fewer leaves, reduced weight, and smaller root systems during tillering.
• Rapeseed, a prominent field crop in South America, demands higher micronutrient quantities compared to others. In 2022, its average micronutrient fertilizer application rate reached 4.40 kg/hectare. Given the growing emphasis on balanced crop nutrition and the pivotal role of micronutrients in overall yield, an uptick in micronutrient application is anticipated in the coming years.

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

Segment Analysis: Product

Zinc Segment in South America Micronutrient Fertilizer Market

Zinc emerges as the dominant segment in the South American micronutrient fertilizer market, commanding approximately 27% market share in 2024. This significant market position is primarily driven by widespread zinc deficiency in agricultural soils across the region, particularly in the northwestern areas. Zinc fertilizer plays a crucial role in plant enzyme systems and promotes carbohydrate metabolism by assisting in the activation of various enzymes. The segment's dominance is further reinforced by the increasing awareness among farmers about zinc's importance in crop health and yield optimization. Conventional zinc fertilizers continue to maintain a strong presence in the market, while specialty zinc fertilizers are gaining traction due to their enhanced efficiency and targeted nutrient delivery capabilities. The segment's growth is also supported by the expanding cultivation of zinc-dependent crops and the rising adoption of modern farming practices across South America.

Molybdenum Segment in South America Micronutrient Fertilizer Market

The molybdenum fertilizer segment is positioned as the fastest-growing segment in the South American micronutrient fertilizer market, projected to grow at approximately 7% CAGR from 2024 to 2029. This remarkable growth trajectory is attributed to the increasing recognition of molybdenum's vital role in nitrogen metabolism and protein synthesis in plants. The segment's expansion is driven by the rising adoption of seed treatment methods to counter molybdenum deficiency, particularly in leguminous crops. Specialty molybdenum fertilizers are gaining prominence, especially in foliar applications, due to their swift action in rectifying deficiencies during crucial crop growth stages. The segment's growth is further supported by the agricultural sector's increasing focus on optimizing nitrogen utilization, as molybdenum deficiency correction helps reduce excessive nitrogen fertilizer usage and associated costs for growers.

Remaining Segments in Product Segmentation

The other significant segments in the South American micronutrient fertilizer market include copper fertilizer, iron fertilizer, manganese fertilizer, boron fertilizer, and other trace elements. Copper plays a vital role as a catalyst in crucial plant reactions and protein synthesis, while iron is essential for energy transfer and lignin formation. Manganese is particularly crucial for soybean and wheat cultivation, which dominate the region's agricultural landscape. Boron fertilizer is gaining importance due to its role in cell wall development and reproductive growth, especially in regions with acidic, organic-matter-depleted soils. The remaining trace elements, including nickel, cobalt, and selenium, contribute to specific aspects of plant metabolism and growth, collectively enhancing the overall soil fertility and crop productivity in the region.

Segment Analysis: Application Mode

Soil Application Segment in South American Micronutrient Fertilizer Market

Soil application continues to dominate the South American micronutrient fertilizer market, commanding approximately 94% market share in 2024. This overwhelming preference for soil application stems from its widespread compatibility with conventional fertilizers, which constitute over 94% of the total micronutrient fertilizer consumption. The segment's prominence is particularly evident in field crops, where it accounts for nearly 94% of micronutrient applications, driven by the extensive cultivation of crops like soybeans, corn, and wheat across the region. The effectiveness of soil application in addressing micronutrient deficiencies, coupled with the emergence of innovative chelated micronutrients designed to minimize soil reactivity, has further cemented its position as the preferred application method among South American farmers.

Fertigation Segment in South American Micronutrient Fertilizer Market

The fertigation segment is emerging as the most dynamic growth sector in the South American micronutrient fertilizer market, with projections indicating robust expansion through 2029. This growth is primarily driven by the increasing adoption of precision agriculture practices and the rising installation of modern irrigation systems across the region. Fertigation's ability to deliver precise nutrient quantities while optimizing water usage has made it particularly attractive for high-value crops and intensive farming operations. The method's effectiveness in addressing micronutrient deficiencies in high-moisture conditions, particularly for nutrients like zinc, has further accelerated its adoption. Additionally, the segment's growth is supported by technological advancements in fertigation systems, offering features like automated nutrient dosing and real-time monitoring capabilities.

Remaining Segments in Application Mode

The foliar application segment, while representing a smaller portion of the market, plays a crucial role in the South American micronutrient fertilizer landscape. This method is particularly valued for its ability to provide rapid nutrient absorption and quick correction of deficiency symptoms, making it especially beneficial during critical growth stages. Foliar micronutrient application has gained significant traction in intensive farming systems and high-value horticultural crops, where precise nutrient management is essential. The method's efficiency in reducing overall fertilizer usage and its compatibility with existing crop protection application equipment has made it an increasingly important complementary application mode alongside soil and fertigation methods.

Segment Analysis: Crop Type

Field Crops Segment in South America Micronutrient Fertilizer Market

Field crops dominate the South American micronutrient fertilizer market, commanding approximately 94% of the total market value in 2024. This substantial market share is primarily attributed to the extensive cultivation area dedicated to field crops, which encompasses major crops like wheat, corn, cotton, and rice across the region. The segment's prominence is further strengthened by the widespread micronutrient deficiencies in field crops, particularly in zinc, boron, and molybdenum, which necessitate consistent fertilizer application. The segment is experiencing robust growth with an expected CAGR of nearly 6% during 2024-2029, driven by the increasing emphasis on balanced crop nutrition and the pivotal role of micronutrients in overall yield enhancement. The growth is particularly notable in countries like Brazil and Argentina, where field crops occupy over 90% of the total agricultural expanse, with soybean and wheat cultivation accounting for approximately 61% of the region's agricultural land.

Remaining Segments in Crop Type

The remaining segments in the South American micronutrient fertilizer market include horticultural crops and turf & ornamental crops, each serving distinct agricultural needs. The horticultural crops segment encompasses various fruits and vegetables, with significant cultivation in countries like Brazil, where diverse microclimates support both tropical and temperate fruit production. This segment is particularly important for high-value crops such as avocados, pineapples, and tomatoes, which require precise micronutrient management for optimal yield and quality. The turf & ornamental segment, while smaller in market share, plays a crucial role in specialized applications such as golf courses, sports fields, and ornamental plant cultivation. These segments are characterized by their unique requirements for micronutrient application, with many farmers adopting specialized fertilizer formulations and application methods to address specific crop needs and soil conditions.

South America Micronutrient Fertilizer Market Geography Segment Analysis

South America Micronutrient Fertilizer Market in Brazil

Brazil stands as the powerhouse of South America's micronutrient fertilizer market, commanding approximately 54% of the total market value in 2024. The country's dominance is reinforced by its extensive agricultural landscape, particularly in regions like Rio Grande do Sul, Santa Catarina, and Paraná, which provide favorable conditions for rainfed crop production. The market is projected to grow at nearly 6% annually from 2024 to 2029, driven by the country's expanding agricultural frontier and increasing adoption of advanced farming practices. Brazil's strategic focus on major crops like soybean, maize, sugarcane, and rice has created a robust demand for micronutrient fertilizers. The country's agricultural sector benefits from a well-developed distribution network, with 24 fertilizer mixing units strategically located across major agricultural production centers. The market's growth is further supported by increasing awareness among farmers about the importance of micronutrient supplementation in achieving optimal crop yields and quality.

South America Micronutrient Fertilizer Market in Argentina

Argentina's micronutrient fertilizer market demonstrates strong potential, particularly in addressing widespread zinc deficiencies in agricultural soils. The country's agricultural sector is characterized by diverse crop production and varying soil conditions, creating a complex demand pattern for micronutrient fertilizers. Specialty fertilizers are gaining traction in the Argentine market, offering precise and controlled nutrient supplementation, particularly valuable for addressing specific deficiencies. The country's agricultural landscape is dominated by field crops, which shapes the demand patterns for micronutrient fertilizers. Argentine farmers are increasingly recognizing the importance of micronutrient supplementation in enhancing crop health and yields, particularly in regions with alkaline or calcareous soils. The market is witnessing a shift towards more sophisticated fertilizer formulations, with a growing emphasis on balanced crop nutrition and sustainable farming practices. The country's strong agricultural research infrastructure and technical support systems are facilitating a better understanding and adoption of micronutrient fertilizers among farmers.

South America Micronutrient Fertilizer Market in Rest of South America

The Rest of South America, encompassing Chile, Colombia, Peru, Bolivia, and Paraguay, presents a diverse and evolving market for micronutrient fertilizers. These countries are experiencing increasing awareness about the importance of micronutrient supplementation in agriculture, particularly in addressing widespread iron and zinc deficiencies. The market dynamics vary significantly across these nations, influenced by their unique agricultural practices and soil conditions. Field crops dominate the consumption pattern, reflecting the agricultural priorities in these regions. The adoption of conventional micronutrient fertilizers remains strong due to their affordability and ease of application, though specialty fertilizers are gaining momentum. These countries are witnessing a gradual shift towards sustainable agricultural practices, driven by concerns about agricultural pollution and water scarcity. The market is characterized by growing investment in irrigation infrastructure and an increasing focus on crop quality improvement, particularly in export-oriented agricultural sectors.

South America Micronutrient Fertilizer Market in Other Countries

The micronutrient fertilizer market in other South American countries exhibits unique characteristics shaped by their specific agricultural needs and environmental conditions. These markets are characterized by varying levels of agricultural development and different approaches to crop nutrition management. The agricultural sectors in these countries are gradually modernizing, with increasing emphasis on scientific farming practices and optimal nutrient management. Local agricultural policies and support systems play crucial roles in shaping market development. These markets are witnessing growing awareness about the importance of balanced crop nutrition and the role of micronutrients in achieving optimal yields. The adoption patterns vary significantly, influenced by factors such as farmer awareness, agricultural infrastructure, and economic conditions. These markets present significant potential for growth as agricultural practices continue to evolve and modernize.

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Along with the report, We also offer a comprehensive and exhaustive data pack with 25+ graphs on area under cultivation and average application rate per hectare. The data pack includes Globe, North America, Europe, Asia-Pacific, South America, and Africa.