US Micronutrient Fertilizer Market Size
Icons | Lable | Value |
---|---|---|
Study Period | 2016 - 2030 | |
Market Size (2024) | USD 0.76 Billion | |
Market Size (2030) | USD 1.08 Billion | |
Largest Share by Product | Zinc | |
CAGR (2024 - 2030) | 6.03 % | |
Fastest Growing by Product | Zinc | |
Major Players |
||
*Disclaimer: Major Players sorted in no particular order |
US Micronutrient Fertilizer Market Analysis
The United States Micronutrient Fertilizer Market size is estimated at USD 0.76 billion in 2024, and is expected to reach USD 1.08 billion by 2030, growing at a CAGR of 6.03% during the forecast period (2024-2030).
- Largest Segment by Type - Zinc : Zinc deficiency is common in the Atlanta, Columbia, Austin, and Oklahoma states of the United States. Zinc deficiency is prevalent in orchards, maize, and wheat.
- Fastest growing segment by Type - Zinc : The common Zinc deficiency in the Atlanta, Columbia, Austin, and Oklahoma states of the United States is driving the increased adaption of Zinc application by farmers.
- Largest Segment by Crop Type - Field Crops : Field crops dominate the fertilizers market in the US due to the large cultivation area in the country. Field crops account for more than 95% of the total crop area.
- Largest segment by Application Mode - Foliar : Foliar spraying can quickly address micronutrient deficiency as the fertilizer is directly sprayed on plant leaves. The micronutrients directly act on the plant foliage.
US Micronutrient Fertilizer Market Trends
This section covers the major market trends shaping the US Micronutrient Fertilizer Market according to our research experts:
Zinc is the largest segment by Product.
- Zinc dominated the micronutrient fertilizer market in the country and accounted for about 40.1% of the total market value in 2021. Zinc consumption alone accounts for 37.7% of total volume in 2022.
- Manganese accounted for about 17.3% of the market value in 2021. Manganese is an essential nutrient that plays an important role in root growth, as an activator of enzymes, and is also involved in photosynthesis. The normal concentration of manganese ranges from 20ppm to 300 ppm in plants. When it falls below 15 to 20 ppm, it is considered deficient.
- In most agricultural soils, iron occurs in large quantities, and total iron concentrations can be 50 thousand times the crop’s annual demand. However, different environmental and soil factors inhibit the iron availability to crops. Iron accounted for about 24.2% of the total market value in 2021.
- Copper is required for many enzymatic activities in plants and for chlorophyll and seed production. Copper deficiency is most likely to occur in field crops such as wheat, barley, oats, and vegetable crops. In the United States, more than 95.0% of agricultural land is occupied by field crops, and the copper fertilizer market is anticipated to grow during the forecast period.
- 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. Even though micronutrient fertilizers are required in less quantity, they are important for balanced crop nutrition. Hence the micronutrient fertilizer market is anticipated to grow during the forecast period.
US Micronutrient Fertilizer Industry Overview
The United States Micronutrient Fertilizer Market is fairly consolidated, with the top five companies occupying 127.12%. The major players in this market are Koch Industries Inc., Sociedad Quimica y Minera de Chile SA, The Andersons Inc.,, Wilbur-Ellis Company LLC and Yara International ASA (sorted alphabetically).
US Micronutrient Fertilizer Market Leaders
Koch Industries Inc.
Sociedad Quimica y Minera de Chile SA
The Andersons Inc.,
Wilbur-Ellis Company LLC
Yara International ASA
*Disclaimer: Major Players sorted in no particular order
US 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.
US 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. Haifa Group Ltd
6.4.2. Koch Industries Inc.
6.4.3. Nouryon Coöperatief UA
6.4.4. Sociedad Quimica y Minera de Chile SA
6.4.5. The Andersons Inc.,
6.4.6. The Mosaic Co.
6.4.7. Wilbur-Ellis Company LLC
6.4.8. 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:
- UNITED STATES MARKET, AREA YOY GROWTH RATE, 2016 - 2021
- Figure 2:
- UNITED STATES MARKET, AREA YOY GROWTH RATE, 2016 - 2021
- Figure 3:
- UNITED STATES MARKET, VOLUME YOY GROWTH RATE, 2021 - 2021
- Figure 4:
- UNITED STATES MARKET, VOLUME YOY GROWTH RATE, 2021 - 2021
- Figure 5:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, VOLUME, METRIC TON, 2016 - 2028
- Figure 6:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, VALUE, USD, 2016 - 2028
- Figure 7:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, VOLUME, METRIC TON, 2016 - 2028
- Figure 8:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, VALUE, USD, 2016 - 2028
- Figure 9:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, VOLUME SHARE(%), BY PRODUCT, 2016 - 2028
- Figure 10:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY PRODUCT, 2016 - 2028
- Figure 11:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, BORON, METRIC TON, 2016 - 2028
- Figure 12:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, BORON, USD, 2016 - 2028
- Figure 13:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 14:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, COPPER, METRIC TON, 2016 - 2028
- Figure 15:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, COPPER, USD, 2016 - 2028
- Figure 16:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 17:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, IRON, METRIC TON, 2016 - 2028
- Figure 18:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, IRON, USD, 2016 - 2028
- Figure 19:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 20:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, MANGANESE, METRIC TON, 2016 - 2028
- Figure 21:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, MANGANESE, USD, 2016 - 2028
- Figure 22:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 23:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, MOLYBDENUM, METRIC TON, 2016 - 2028
- Figure 24:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, MOLYBDENUM, USD, 2016 - 2028
- Figure 25:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 26:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, ZINC, METRIC TON, 2016 - 2028
- Figure 27:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, ZINC, USD, 2016 - 2028
- Figure 28:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 29:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, OTHERS, METRIC TON, 2016 - 2028
- Figure 30:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, OTHERS, USD, 2016 - 2028
- Figure 31:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 32:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, VOLUME, METRIC TON, 2016 - 2028
- Figure 33:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, VALUE, USD, 2016 - 2028
- Figure 34:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, VOLUME SHARE(%), BY APPLICATION MODE, 2016 - 2028
- Figure 35:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY APPLICATION MODE, 2016 - 2028
- Figure 36:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, FERTIGATION, METRIC TON, 2016 - 2028
- Figure 37:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, FERTIGATION, USD, 2016 - 2028
- Figure 38:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 39:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, FOLIAR, METRIC TON, 2016 - 2028
- Figure 40:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, FOLIAR, USD, 2016 - 2028
- Figure 41:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 42:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, SOIL, METRIC TON, 2016 - 2028
- Figure 43:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, SOIL, USD, 2016 - 2028
- Figure 44:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 45:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, VOLUME, METRIC TON, 2016 - 2028
- Figure 46:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, VALUE, USD, 2016 - 2028
- Figure 47:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, VOLUME SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 48:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 49:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, FIELD CROPS, METRIC TON, 2016 - 2028
- Figure 50:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, FIELD CROPS, USD, 2016 - 2028
- Figure 51:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY PRODUCT, 2016 - 2028
- Figure 52:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, HORTICULTURAL CROPS, METRIC TON, 2016 - 2028
- Figure 53:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, HORTICULTURAL CROPS, USD, 2016 - 2028
- Figure 54:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY PRODUCT, 2016 - 2028
- Figure 55:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, TURF & ORNAMENTAL, METRIC TON, 2016 - 2028
- Figure 56:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, TURF & ORNAMENTAL, USD, 2016 - 2028
- Figure 57:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, VALUE SHARE(%), BY PRODUCT, 2016 - 2028
- Figure 58:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
- Figure 59:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
- Figure 60:
- UNITED STATES MICRONUTRIENT FERTILIZER MARKET SHARE(%), BY MAJOR PLAYERS, 2021
US 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 |
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
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