The North America Crop Micronutrients Market would witness market growth of 6.6% CAGR during the forecast period (2022-2028).
Molybdenum (Mo) is an essential nutrient found in soil that is essential for nitrate reductase enzyme formation and function. In legume root modules, molybdenum is required for symbiotic nitrogen (N) fixation by Rhizobia bacteria. Considering the significance of molybdenum in plant growth, it's fortunate that Mo deficiency is uncommon in most agricultural cropping areas. A few years back, nickel (Ni) was put on a list of necessary plant nutrients. Because nickel is a component of the urease enzyme, it is vital in plant nitrogen metabolism. The conversion of urea is impossible without the presence of Ni. It's only needed in trace amounts, with the essential level estimated to be at 1.1 ppm.
Soil application is the most prevalent technique of micronutrient distribution for crops. Because recommended treatment rates are typically less than 10 lb/acre, it's difficult to apply micronutrient sources individually in the field. As a result, granular and fluid NPK fertilizers are frequently utilized as micronutrient transporters.
To grow normally, Western Canadian crops require 17 critical components. More than 90% of fresh plant tissue is made up of hydrogen, carbon, and oxygen received from the air. Nitrogen (N), potassium (K), phosphorus (P), calcium (Ca), sulphur (S), and magnesium (Mg) are all macronutrients that come from the soil and are required in considerable proportions (Mg). The exception is legumes, which fix nitrogen from the air. Ca and Mg are not limited in Saskatchewan, with a few exceptions, due to the composition of the soils. Fertilizer and manure are frequently used to enhance the soil's supply of N, P, K, and S.
Because they are required at small levels, the remaining important elements acquired from the soil are referred to as micronutrients. Boron (B), copper (Cu), chloride (Cl), manganese (Mn), iron (Fe), nickel (Ni), molybdenum (Mo), and zinc (Zn) are the elements involved (Zn). Plants need a balance of all essential elements for appropriate growth and optimum production; hence micronutrients are critical for plant growth.
The US market dominated the North America Crop Micronutrients Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,489.5 million by 2028. The Canada market is experiencing a CAGR of 9.1% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 8.1% during (2022 - 2028).
Based on Form, the market is segmented into Chelated and Non-Chelated. Based on Application, the market is segmented into Soil, Foliar, Fertigation, and Others. Based on Crop Type, the market is segmented into Cereals & Grains, Pulses & Oilseeds, Fruits & Vegetables, and Others. Based on Type, the market is segmented into Copper, Zinc, Boron, Iron, Manganese, Molybdenum, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Crop Micronutrients Market is Estimated to reach $8.7 Billion by 2028, at a CAGR of 7.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include BASF SE, Compass Minerals International, Inc., The Mosaic Company, Nutrien Limited, DuPont de Nemours, Inc., Akzo Nobel N.V., Aries Agro Limited, Yara International ASA, Baicor, LLC, and Western Nutrients Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Form
By Application
- Soil
- Foliar
- Fertigation
- Others
By Crop Type
- Cereals & Grains
- Pulses & Oilseeds
- Fruits & Vegetables
- Others
By Type
- Copper
- Zinc
- Boron
- Iron
- Manganese
- Molybdenum
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- BASF SE
- Compass Minerals International, Inc.
- The Mosaic Company
- Nutrien Limited
- DuPont de Nemours, Inc.
- Akzo Nobel N.V.
- Aries Agro Limited
- Yara International ASA
- Baicor, LLC
- Western Nutrients Corporation
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Crop Micronutrients Market, by Form
1.4.2 North America Crop Micronutrients Market, by Application
1.4.3 North America Crop Micronutrients Market, by Crop Type
1.4.4 North America Crop Micronutrients Market, by Type
1.4.5 North America Crop Micronutrients Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Recent Strategies Deployed in Crop Micronutrients Market
Chapter 4. North America Crop Micronutrients Market by Form
4.1 North America Chelated Market by Country
4.2 North America Non-Chelated Market by Country
Chapter 5. North America Crop Micronutrients Market by Application
5.1 North America Soil Market by Country
5.2 North America Foliar Market by Country
5.3 North America Fertigation Market by Country
5.4 North America Others Market by Country
Chapter 6. North America Crop Micronutrients Market by Crop Type
6.1 North America Cereals & Grains Market by Country
6.2 North America Pulses & Oilseeds Market by Country
6.3 North America Fruits & Vegetables Market by Country
6.4 North America Others Market by Country
Chapter 7. North America Crop Micronutrients Market by Type
7.1 North America Copper Market by Country
7.2 North America Zinc Market by Country
7.3 North America Boron Market by Country
7.4 North America Iron Market by Country
7.5 North America Manganese Market by Country
7.6 North America Molybdenum Market by Country
7.7 North America Others Market by Country
Chapter 8. North America Crop Micronutrients Market by Country
8.1 US Crop Micronutrients Market
8.1.1 US Crop Micronutrients Market by Form
8.1.2 US Crop Micronutrients Market by Application
8.1.3 US Crop Micronutrients Market by Crop Type
8.1.4 US Crop Micronutrients Market by Type
8.2 Canada Crop Micronutrients Market
8.2.1 Canada Crop Micronutrients Market by Form
8.2.2 Canada Crop Micronutrients Market by Application
8.2.3 Canada Crop Micronutrients Market by Crop Type
8.2.4 Canada Crop Micronutrients Market by Type
8.3 Mexico Crop Micronutrients Market
8.3.1 Mexico Crop Micronutrients Market by Form
8.3.2 Mexico Crop Micronutrients Market by Application
8.3.3 Mexico Crop Micronutrients Market by Crop Type
8.3.4 Mexico Crop Micronutrients Market by Type
8.4 Rest of North America Crop Micronutrients Market
8.4.1 Rest of North America Crop Micronutrients Market by Form
8.4.2 Rest of North America Crop Micronutrients Market by Application
8.4.3 Rest of North America Crop Micronutrients Market by Crop Type
8.4.4 Rest of North America Crop Micronutrients Market by Type
Chapter 9. Company Profiles
9.1 BASF SE
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Acquisition and Mergers:
9.2 Compass Minerals International, Inc.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Recent strategies and developments:
9.2.4.1 Product Launches and Product Expansions:
9.2.4.2 Acquisition and Mergers:
9.3 The Mosaic Company
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Recent strategies and developments:
9.3.4.1 Partnerships, Collaborations, and Agreements:
9.4 Nutrien Limited
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Recent strategies and developments:
9.4.4.1 Acquisition and Mergers:
9.5 DuPont de Nemours, Inc.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.6 Akzo Nobel N.V.
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expenses
9.7 Aries Agro Limited
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Research & Development Expenses
9.8 Yara International ASA
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expenses
9.9 Baicor, LLC
9.9.1 Company Overview
9.10. Western Nutrients Corporation
9.10.1 Company Overview
TABLE 1 North America Crop Micronutrients Market, 2018 - 2021, USD Million
TABLE 2 North America Crop Micronutrients Market, 2022 - 2028, USD Million
TABLE 3 North America Crop Micronutrients Market by Form, 2018 - 2021, USD Million
TABLE 4 North America Crop Micronutrients Market by Form, 2022 - 2028, USD Million
TABLE 5 North America Chelated Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Chelated Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Non-Chelated Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Non-Chelated Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Crop Micronutrients Market by Application, 2018 - 2021, USD Million
TABLE 10 North America Crop Micronutrients Market by Application, 2022 - 2028, USD Million
TABLE 11 North America Soil Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Soil Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Foliar Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Foliar Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Fertigation Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Fertigation Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Crop Micronutrients Market by Crop Type, 2018 - 2021, USD Million
TABLE 20 North America Crop Micronutrients Market by Crop Type, 2022 - 2028, USD Million
TABLE 21 North America Cereals & Grains Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Cereals & Grains Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Pulses & Oilseeds Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Pulses & Oilseeds Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Fruits & Vegetables Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Fruits & Vegetables Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 28 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Crop Micronutrients Market by Type, 2018 - 2021, USD Million
TABLE 30 North America Crop Micronutrients Market by Type, 2022 - 2028, USD Million
TABLE 31 North America Copper Market by Country, 2018 - 2021, USD Million
TABLE 32 North America Copper Market by Country, 2022 - 2028, USD Million
TABLE 33 North America Zinc Market by Country, 2018 - 2021, USD Million
TABLE 34 North America Zinc Market by Country, 2022 - 2028, USD Million
TABLE 35 North America Boron Market by Country, 2018 - 2021, USD Million
TABLE 36 North America Boron Market by Country, 2022 - 2028, USD Million
TABLE 37 North America Iron Market by Country, 2018 - 2021, USD Million
TABLE 38 North America Iron Market by Country, 2022 - 2028, USD Million
TABLE 39 North America Manganese Market by Country, 2018 - 2021, USD Million
TABLE 40 North America Manganese Market by Country, 2022 - 2028, USD Million
TABLE 41 North America Molybdenum Market by Country, 2018 - 2021, USD Million
TABLE 42 North America Molybdenum Market by Country, 2022 - 2028, USD Million
TABLE 43 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 44 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 45 North America Crop Micronutrients Market by Country, 2018 - 2021, USD Million
TABLE 46 North America Crop Micronutrients Market by Country, 2022 - 2028, USD Million
TABLE 47 US Crop Micronutrients Market, 2018 - 2021, USD Million
TABLE 48 US Crop Micronutrients Market, 2022 - 2028, USD Million
TABLE 49 US Crop Micronutrients Market by Form, 2018 - 2021, USD Million
TABLE 50 US Crop Micronutrients Market by Form, 2022 - 2028, USD Million
TABLE 51 US Crop Micronutrients Market by Application, 2018 - 2021, USD Million
TABLE 52 US Crop Micronutrients Market by Application, 2022 - 2028, USD Million
TABLE 53 US Crop Micronutrients Market by Crop Type, 2018 - 2021, USD Million
TABLE 54 US Crop Micronutrients Market by Crop Type, 2022 - 2028, USD Million
TABLE 55 US Crop Micronutrients Market by Type, 2018 - 2021, USD Million
TABLE 56 US Crop Micronutrients Market by Type, 2022 - 2028, USD Million
TABLE 57 Canada Crop Micronutrients Market, 2018 - 2021, USD Million
TABLE 58 Canada Crop Micronutrients Market, 2022 - 2028, USD Million
TABLE 59 Canada Crop Micronutrients Market by Form, 2018 - 2021, USD Million
TABLE 60 Canada Crop Micronutrients Market by Form, 2022 - 2028, USD Million
TABLE 61 Canada Crop Micronutrients Market by Application, 2018 - 2021, USD Million
TABLE 62 Canada Crop Micronutrients Market by Application, 2022 - 2028, USD Million
TABLE 63 Canada Crop Micronutrients Market by Crop Type, 2018 - 2021, USD Million
TABLE 64 Canada Crop Micronutrients Market by Crop Type, 2022 - 2028, USD Million
TABLE 65 Canada Crop Micronutrients Market by Type, 2018 - 2021, USD Million
TABLE 66 Canada Crop Micronutrients Market by Type, 2022 - 2028, USD Million
TABLE 67 Mexico Crop Micronutrients Market, 2018 - 2021, USD Million
TABLE 68 Mexico Crop Micronutrients Market, 2022 - 2028, USD Million
TABLE 69 Mexico Crop Micronutrients Market by Form, 2018 - 2021, USD Million
TABLE 70 Mexico Crop Micronutrients Market by Form, 2022 - 2028, USD Million
TABLE 71 Mexico Crop Micronutrients Market by Application, 2018 - 2021, USD Million
TABLE 72 Mexico Crop Micronutrients Market by Application, 2022 - 2028, USD Million
TABLE 73 Mexico Crop Micronutrients Market by Crop Type, 2018 - 2021, USD Million
TABLE 74 Mexico Crop Micronutrients Market by Crop Type, 2022 - 2028, USD Million
TABLE 75 Mexico Crop Micronutrients Market by Type, 2018 - 2021, USD Million
TABLE 76 Mexico Crop Micronutrients Market by Type, 2022 - 2028, USD Million
TABLE 77 Rest of North America Crop Micronutrients Market, 2018 - 2021, USD Million
TABLE 78 Rest of North America Crop Micronutrients Market, 2022 - 2028, USD Million
TABLE 79 Rest of North America Crop Micronutrients Market by Form, 2018 - 2021, USD Million
TABLE 80 Rest of North America Crop Micronutrients Market by Form, 2022 - 2028, USD Million
TABLE 81 Rest of North America Crop Micronutrients Market by Application, 2018 - 2021, USD Million
TABLE 82 Rest of North America Crop Micronutrients Market by Application, 2022 - 2028, USD Million
TABLE 83 Rest of North America Crop Micronutrients Market by Crop Type, 2018 - 2021, USD Million
TABLE 84 Rest of North America Crop Micronutrients Market by Crop Type, 2022 - 2028, USD Million
TABLE 85 Rest of North America Crop Micronutrients Market by Type, 2018 - 2021, USD Million
TABLE 86 Rest of North America Crop Micronutrients Market by Type, 2022 - 2028, USD Million
TABLE 87 Key Information – BASF SE
TABLE 88 Key Information – Compass Minerals International, Inc.
TABLE 89 Key Information – The Mosaic Company
TABLE 90 Key Information – Nutrien Limited
TABLE 91 Key Information –DuPont de Nemours, Inc.
TABLE 92 Key information – Akzo Nobel N.V.
TABLE 93 Key Information – Aries Agro Limited
TABLE 94 Key Information – Yara International ASA
TABLE 95 Key Information – Baicor, LLC
TABLE 96 Key Information – Western Nutrients Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: BASF SE
FIG 3 Recent strategies and developments: Compass Minerals International, Inc.