United States Agricultural Micronutrient Market to Grow with a CAGR of 7.04% through 2029F
Increasing demand for high-value crops and
government initiatives and support is expected to drive the United States Agricultural
Micronutrient Market growth in the forecast period, 2025-2029
According to TechSci Research report, “United
States Agricultural Micronutrient Market –Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2019-2029F”, the
United States Agricultural Micronutrient Market stood at USD 801.07 Million in
2023 and is expected to reach USD 1207.21 Million by 2029 with a CAGR of 7.04%
during the forecast period.
In the United States, crop diversification is becoming
increasingly critical due to evolving consumer preferences, the impacts of
climate change, and the necessity for risk management in agriculture. As
farmers expand their crop portfolios to include a wider variety of crops, the
demand for diverse micronutrient products tailored to these different crops is
growing substantially. Each crop species has unique micronutrient requirements,
and meeting these specific needs is vital for optimizing both yield and quality.
This shift towards diversification encompasses the cultivation of specialty
crops, cover crops, and alternative crops, which introduces new opportunities
for micronutrient manufacturers to create specialized solutions.
Farmers are adopting diversified cropping systems to
enhance soil health, improve resilience against pests and diseases, and
mitigate the risks associated with monoculture practices. Specialty crops,
which include fruits, vegetables, and herbs, often have distinct nutrient needs
compared to traditional cereal grains. Likewise, cover crops, used primarily to
improve soil structure and fertility, require micronutrients that support their
growth and function. The emphasis on crop rotation and intercropping further
reinforces the necessity for a range of micronutrient products, as these
practices help maintain soil health and fertility by alternating crops with
different nutrient requirements.
As U.S. farmers increasingly prioritize crop
diversification, the agricultural micronutrient market is experiencing a surge
in demand for customized nutrient solutions. This trend is driven by the need
for micronutrients that address the specific deficiencies of various crops and
improve their overall health and productivity. The development of targeted
micronutrient formulations that cater to the diverse needs of a growing range
of crops presents significant growth opportunities for micronutrient manufacturers.
Consequently, the expansion of crop diversification strategies among U.S.
farmers is expected to positively impact the agricultural micronutrient market,
leading to increased investment in and demand for specialized nutrient
products.
Government initiatives and support programs play a crucial role in driving the United States Agricultural Micronutrient Market. The U.S. government, through agencies such as the United States Department of Agriculture (USDA), provides financial assistance, technical guidance, and research funding to promote the use of micronutrients in agriculture. These initiatives aim to improve soil health, enhance crop productivity, and ensure food security. Subsidies for micronutrient-enriched fertilizers and grants for research into micronutrient deficiencies are encouraging farmers to adopt these products. Regulatory frameworks that promote sustainable farming practices and soil conservation are also contributing to the growth of the market. Government support is particularly important for small and medium-sized farms, which may lack the resources to invest in advanced micronutrient solutions. As government policies continue to prioritize sustainable agriculture and food security, the demand for agricultural micronutrients is expected to rise.
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The United States Agricultural Micronutrient Market is
segmented into crop type, product, application mode, form, regional
distribution, and company.
Based on form, In 2023, the Chelated segment emerged as the dominated in the United States Agricultural Micronutrient Market. Chelated
micronutrients, which involve metal ions bonded with organic molecules to
enhance their stability and availability, have gained significant traction due
to their superior effectiveness compared to non-chelated forms. The dominance
of chelated micronutrients is primarily attributed to their higher
bioavailability. Chelated forms are designed to protect essential
micronutrients from interacting with other soil components that could render
them insoluble and less accessible to plants. This protection ensures that the
micronutrients are efficiently absorbed by plant roots, leading to improved
nutrient uptake and enhanced crop health. Chelated products are particularly
beneficial in soils with high pH levels or complexation issues, where
non-chelated micronutrients might be less effective.
Farmers increasingly prefer chelated micronutrients
due to their reliability and the consistent results they deliver. The use of
chelated products supports better crop yields, quality, and overall plant
growth, aligning with the industry's focus on maximizing productivity and
efficiency. Advancements in formulation technology have led to
the development of highly effective chelated micronutrient products that cater
to specific crop needs and soil conditions.
Based on region, Following the Midwest, the South
region emerged as the second most dominated in the United States
Agricultural Micronutrient Market in 2023. This is largely due to the South's substantial
agricultural activities and diverse crop production, including key crops like
cotton, soybeans, and various fruits and vegetables. The South’s significant
agricultural footprint contributes to its high demand for micronutrient
products, aimed at improving crop yield and quality. The region's varied
climate and soil types necessitate specialized micronutrient solutions to
address specific nutrient deficiencies and enhance soil health. The South has seen increased adoption of precision agriculture technologies,
which further drives the need for effective micronutrient management.
The presence of major agricultural research
institutions and agribusinesses in the South supports the growth of the
micronutrient market by providing farmers with advanced solutions and technical
expertise. The region's focus on boosting agricultural productivity and
sustainability reinforces its position as a key player in the U.S. Agricultural
Micronutrient Market.
Major companies operating in the United States
Agricultural Micronutrient Market are:
- The Mosaic Company
- Koch, Inc.
- The Andersons, Inc.
- Helena Agri-Enterprises, LLC
- Yara North America, Inc.
- Nutrien Ag Solutions, Inc
- BRANDT, Inc.
- SQM S.A.
- Nouryon Chemicals Holding B.V
- Verdesian Life Sciences
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“The rising demand for biofortified crops, which are
fortified with essential micronutrients, is significantly boosting the U.S.
agricultural micronutrient market. Biofortification involves the strategic
breeding of crops to enhance their nutritional value, particularly with regard
to micronutrient content such as iron, zinc, and vitamin A. As consumer
awareness grows around health and nutrition, there is an increasing preference
for foods that offer superior nutritional benefits, driving demand for biofortified
crops. This trend addresses critical micronutrient deficiencies that can impact
health and development. Farmers are responding to this demand by incorporating
micronutrient-enriched fertilizers into their practices to produce crops that
meet the higher nutritional standards consumers seek and command premium prices
in the market. Supported by research institutions and government initiatives
focused on improving food nutrition and combating deficiencies, the
biofortification movement is expected to further amplify the demand for
agricultural micronutrients. As a result, the market for these products is
anticipated to grow, driven by both consumer trends and agricultural
advancements.” said Mr. Karan Chechi, Research Director of TechSci Research,
a research-based management consulting firm.
“United States Agricultural Micronutrient Market By Crop Type (Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Turf and Ornamentals, Others), By Product (Boron, Copper, Iron, Manganese, Molybdenum, Zinc, Multi-Micronutrient, Others), By Application Mode (Fertigation, Foliar Spray, Soil Application, Seed Treatment), By Form ( Chelated, Non-Chelated), By Region, Competition, Forecast and Opportunities, 2019-2029F”, has
evaluated the future growth potential of United States Agricultural
Micronutrient Market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision-makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in United States Agricultural
Micronutrient Market.
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