India Agriculture Micronutrients Market size was valued at USD 590.8 Million in 2023 and is expected to reach USD 1132.2 Million by 2032, at a CAGR of 8.9% during the forecast period 2023 – 2032.
India Agriculture Micronutrients Market: Overview
Agriculture micronutrients are essential elements required by plants in relatively small quantities for their proper growth, development, and overall health. These micronutrients play vital roles in various physiological and biochemical processes within plants.
In the Indian agriculture micronutrient market, there is a notable trend towards sustainable and precision farming, driving the demand for micronutrient solutions. Rising awareness about soil health and the importance of balanced nutrition has led to increased adoption of micronutrients to enhance crop yield and quality.
With a growing emphasis on eco-friendly and efficient agricultural practices, the micronutrient market in India is witnessing a shift towards products that align with both environmental sustainability and optimal crop nutrition.
By type, the zinc segment held the highest market share in 2022 and is expected to keep its dominance during the forecast period 2024-2032. Farmers are adopting zinc-enriched fertilizers to address soil deficiencies, enhancing crop yields and ensuring balanced nutrition for various crops.
By crop type, the cereals & grains segment held the highest market share in 2022 and is expected to keep its dominance during the forecast period 2024-2032. Farmers are adopting micronutrient supplementation to enhance crop yield and quality. This trend reflects a growing focus on optimizing nutrient management strategies for cereals and grains, contributing to the expansion of the agriculture micronutrient market in India.
By form, the non-chelated segment held the highest market share in 2022 and is expected to keep its dominance during the forecast period 2024-2032. Non-chelated micronutrients drive the Indian agriculture micronutrients market due to their cost-effectiveness and simplicity. Unlike chelated forms, non-chelated micronutrients are not bound to organic molecules, making them more affordable.
By mode of application, the soil segment held the highest market share in 2022 and is expected to keep its dominance during the forecast period 2024-2032. The application of micronutrients in soil is a driving force in the Indian agriculture micronutrients market due to its pivotal role in enhancing soil fertility and addressing nutrient deficiencies. With micronutrients such as zinc, iron, and manganese, farmers can optimize crop growth, improve yields, and ensure overall plant health.
South India significantly influences the market due to its diverse agricultural landscape and emphasis on high-value crops. The region’s focus on horticulture, floriculture, and plantation crops intensifies the demand for micronutrients to enhance soil fertility and crop productivity.
Report Scope
| Feature of the Report | Details |
| Market Size in 2023 | USD 590.8 Million |
| Projected Market Size in 2032 | USD 1132.2 Million |
| Market Size in 2022 | USD 573.2 Million |
| CAGR Growth Rate | 8.9% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Type, Crop Type, Form, Mode of Application and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Country Scope | India |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Custom Market Insights has comprehensively analyzed India agriculture micronutrients market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict depth scenarios of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Indian agriculture micronutrient industry.
The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.
List of the prominent players in the India Agriculture Micronutrients Market:
- Coromandel International Limited
- Tata Chemicals Limited
- Gujarat State Fertilizers & Chemicals Ltd.
- Indian Farmers Fertiliser Cooperative Limited
- Rashtriya Chemicals and Fertilizers Ltd.
- Chambal Fertilisers and Chemicals Limited
- Zuari Agro Chemicals Ltd.
- Deepak Fertilisers and Petrochemicals Corporation Limited
- National Fertilizers Limited
- UPL Limited
- BASF India Limited
- Yara Fertilisers India Pvt. Ltd.
- Haifa Chemicals Ltd.
- Aries Agro Limited
- DCM Shriram Limited
- Nagarjuna Fertilizers and Chemicals Limited
- Rallis India Limited
- Gujarat Narmada Valley Fertilizers & Chemicals Ltd. (GNFC)
- Greenstar Fertilizers Limited
- Nutrient Technologies India Private Limited
- Others
Coromandel International, a prominent agricultural solutions provider, collaborated with ICAR-IIRR (Indian Institute of Rice Research) to organize a comprehensive symposium focused on the ‘Efficient Utilization of Nano Fertilisers in Agriculture.’ The day-long event aimed to explore and promote the effective application of nano fertilizers and micronutrients in the agricultural sector.
The India Agriculture Micronutrients Market is segmented as follows:
By Type
- Zinc
- Boron
- Iron
- Molybdenum
- Copper
- Others
By Crop Type
- Fruits & Vegetables
- Cereals & Grains
- Oilseeds & Pulses
- Others
By Form
- Chelated
- Non-Chelated
By Mode of Application
- Soil
- Foliar
- Fertigation
- Others