Market Size of united states micronutrient fertilizer Industry
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 |
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*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.