Report Code: CMI42257

Published Date: March 2024

Pages: 320+

Category: India

Report Snapshot

CAGR: 8.9%
573.2M
2022
590.8M
2023
1132.2M
2032

Source: CMI

Study Period: 2024-2033
Fastest Growing Market: India
Largest Market: India

Major Players

  • Coromandel International Limited
  • Tata Chemicals Limited
  • Gujarat State Fertilizers & Chemicals Ltd.
  • Indian Farmers Fertiliser Cooperative Limited
  • Others

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Reports Description

India Agriculture Micronutrients Market 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.

Agriculture micronutrients refer to essential trace elements required by plants in relatively small quantities for optimal growth and development. These micronutrients, including elements such as iron, zinc, copper, manganese, molybdenum, and boron, play crucial roles in various physiological and biochemical processes within plants, influencing overall crop health, yield, and quality.

India Agriculture Micronutrients Market: Growth Factors

Growing focus on improving crop yields

The emphasis on enhancing crop yields is a driving force behind the growth of the agriculture micronutrients market in India. As farmers strive for increased productivity, there is a growing recognition of the pivotal role micronutrients play in optimizing plant growth, development, and overall crop performance.

Micronutrient deficiencies can significantly hinder yields and crop quality. In response, there is a heightened adoption of micronutrient-rich fertilizers to address soil nutrient imbalances and ensure plants receive essential trace elements.

Moreover, the awareness of micronutrient benefits, coupled with agricultural advancements, is prompting farmers to integrate these supplements into their cultivation practices. The evolving focus on maximizing agricultural output underscores the pivotal role of micronutrients in sustainable and productive farming, propelling the growth of the agriculture micronutrients market in India.

For instance, India’s agricultural sector lags behind the global average in the consumption of micro-nutrients, as reported by the International Zinc Association (IZA). A recent shift in Indian consumer preferences towards healthier food options, contributing to increased demand for high-value crops, is driving the necessity for micro-nutrients in the country’s agriculture industry.

Rising usage of biodegradable chelates propels market growth

The utilization of biodegradable chelates is propelling the India agriculture micronutrient market by addressing environmental concerns and enhancing sustainable agricultural practices. Biodegradable chelates, such as amino acids and organic acids, function as carriers for micronutrients, aiding in their efficient absorption by plants.

This eco-friendly approach reduces environmental impact by minimizing soil and water contamination. The emphasis on sustainable farming practices led to an increased adoption of biodegradable chelates, boosting the micronutrient market.

Moreover, the demand for organic produce has heightened the need for environmentally conscious farming solutions. The use of biodegradable chelates not only supports crop health and yield but aligns with the growing preference for ecologically responsible agriculture, driving positive changes in India’s agricultural landscape.

For instance, Innospec introduced ENVIOMET® C, addressing the demand for superior chelating performance with biodegradability and minimal environmental impact. This innovation enhances the Indian agriculture micronutrients market by serving as an efficient carrier for essential micronutrients, ensuring optimal bioavailability to crops.

ENVIOMET® C mitigates compatibility issues in tank mix and contributes to sustainable farming practices, aligning with the evolving preferences for environmentally conscious agricultural solutions in India.

India Agriculture Micronutrients Market: Restraints

Lack of awareness about the importance of micronutrients for soil health and crop productivity

The Indian agriculture micronutrients market faces hindrances due to a lack of awareness regarding the pivotal role of micronutrients in soil health and crop productivity. Farmers often overlook the significance of micronutrients such as zinc, iron, and manganese, leading to imbalances that adversely affect crop growth.

Insufficient knowledge about micronutrient deficiencies results in suboptimal yields, impacting overall agricultural productivity. Inadequate awareness also contributes to the improper application of micronutrient fertilizers, further limiting their efficacy. Educating farmers about the essential role micronutrients play in enhancing soil fertility, plant metabolism, and overall crop health is crucial.

Increased awareness programs and educational initiatives are necessary to empower farmers with the knowledge needed to make informed decisions, fostering a more sustainable and productive agriculture micronutrient market in India.

India Agriculture Micronutrients Market 2023–2032 (By Form)

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Stringent rules for approval of Agriculture Micronutrients

Stringent regulatory requirements are a barrier to the Indian agriculture micronutrient market as they are restraining the development and introduction of new products and technologies. Some of the factors contributing to this reluctance are:

  • Chemical Composition: Micronutrient products must adhere to specified standards regarding their chemical composition, ensuring that the ingredients meet defined quality and purity criteria.
  • Environmental Impact: Products are evaluated for their environmental impact, and approval may require compliance with regulations related to toxicity, bioaccumulation, and persistence in soil or water.
  • Health and Safety Standards: Compliance with health and safety standards is crucial, ensuring that the use of micronutrients does not pose risks to farmers, consumers, or the environment.

India Agriculture Micronutrients Market: Opportunities

Government programs promote micronutrient awareness through field demonstrations

Government programs play a pivotal role in fostering awareness and usage of micronutrients in Indian agriculture through multifaceted initiatives. Field demonstrations showcase the benefits of micronutrient application, providing practical insights to farmers.

Training programs impart knowledge on optimal micronutrient usage, addressing crop-specific needs. Subsidies on micronutrient fertilizers make them more accessible to farmers, encouraging widespread adoption.

For instance, the Government of India executed the Soil Health Management & Soil Health Card Schemes as part of the National Project on Soil Health & Fertility under the National Mission for Sustainable Agriculture. The Soil Health Card provides farmers with valuable information about their soil’s nutrient status, offering recommendations for the appropriate dosage of nutrients to enhance soil health and productivity.

These initiatives are now unified under the Soil Health & Fertility component of the Rashtriya Krishi Vikas Yojana (RKVY), consolidating efforts to promote sustainable agriculture practices and efficient soil management.

India Agriculture Micronutrients Market 2023–2032 (By Mode of Application)

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India Agriculture Micronutrients Market: Segmentation Analysis

India Agriculture Micronutrients market is segmented by type, crop type, form, mode of application and region.  Based on type, the market is classified into zinc, boron, iron, molybdenum, copper, and others. Zinc dominated the market in 2022 with a market share of 35% and is expected to keep its dominance during the forecast period 2024-2032.

Zinc plays a pivotal role in propelling the India agriculture micronutrient market due to its essential functions in plant growth and development. As a micronutrient, zinc is crucial for various physiological processes, including enzyme activation, photosynthesis, and hormone synthesis in plants.

The prevalence of zinc deficiency in Indian soils has led to an increased demand for zinc-containing micronutrient fertilizers. Zinc’s role in improving crop resilience, nutrient absorption, and overall agricultural productivity positions it as a key driver shaping the growth trajectory of the agriculture micronutrient market in India.

Based on crop type, the market is segmented into fruits & vegetables, cereals & grains, oilseeds & pulses and others. Cereals & grains dominated the market in 2022 with a market share of 40% and is expected to keep its dominance during the forecast period 2024-2032.

Cereals and grains play a pivotal role in driving the India agriculture micronutrient market due to their widespread cultivation and nutritional significance. As staple crops, cereals and grains are essential components of the Indian diet, necessitating optimal nutrient levels for both quantity and quality. Micronutrients, such as zinc, iron, and manganese, are critical for the healthy growth and development of these crops.

Based on form, the market is segmented into chelated and non-chelated. Non-chelated micronutrients dominated the market in 2022 with a market share of 65% and is expected to keep its dominance during the forecast period 2024-2032.

Non-chelated micronutrients are gaining prominence in the Indian agriculture micronutrients market due to their direct availability to plants without chelating agents. The simplicity and cost-effectiveness of non-chelated micronutrients contribute to their growing adoption in Indian agriculture, driving market expansion.

Based on the mode of application, the market is segmented into soil, foliar, fertigation and others. Soil dominated the market in 2022 with a market share of 55% and is expected to keep its dominance during the forecast period 2024-2032. The composition of soil plays a pivotal role in propelling the India agriculture micronutrient market.

Soil characteristics influence the availability of essential micronutrients to crops. As farmers address soil deficiencies through micronutrient supplements, the market experiences growth driven by the necessity to optimize soil health for enhanced agricultural 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
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India Agriculture Micronutrients Market: Regional Analysis

India Agriculture Micronutrients market is segmented into South India, North India, West India and East India. South India dominated the global market in 2022 with a market share of 45% in 2022 and is expected to keep its dominance during the forecast period 2024-2032.

South India significantly propels the Indian agriculture micronutrient market due to its emphasis on diverse and 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.

As farmers prioritize sustainable agriculture, the demand for micronutrients, especially those aligned with eco-friendly practices, experiences substantial growth, making South India a key driver in shaping the dynamics of the broader agriculture micronutrients market in the country.

India Agriculture Micronutrients Market 2023–2032 (By Million)

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India Agriculture Micronutrients Market: Recent Developments

  • In June 2019, Indian Farmers Fertilisers Cooperative Limited (IFFCO), signed a take-or-pay agreement with Sirius Minerals Plc, to supply POLY4 in the Indian market.
  • In July 2022, Anand Agro Care unveiled two innovative product categories, namely Anand Agro Care’s Dr Bacto’s 4K and Anand Agro Care’s Dr Bacto’s 5G. These products are glucose-based, environmentally friendly, and biodegradable gelatinous capsules are particularly well-suited for organic farming applications.
  • In May 2023, Aries Agro Limited initiated the “100 Days Drone Yatra” program, offering micronutrient spraying services for crops using drones. This initiative is well-suited for extensive fields, effectively minimizing both time and labour costs through the strategic use of drone technology.

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

These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.

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

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 India Agriculture Micronutrients Market, (2024 – 2033) (USD Million)
    • 2.2 India Agriculture Micronutrients Market: snapshot
  • Chapter 3. India Agriculture Micronutrients Market – Industry Analysis
    • 3.1 India Agriculture Micronutrients Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Growing focus on improving crop yields
      • 3.2.2 Rising usage of biodegradable chelates propels market growth
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Type
      • 3.7.2 Market Attractiveness Analysis By Crop Type
      • 3.7.3 Market Attractiveness Analysis By Form
      • 3.7.4 Market Attractiveness Analysis By Mode of Application
  • Chapter 4. India Agriculture Micronutrients Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 India Agriculture Micronutrients Market: Company Market Share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. India Agriculture Micronutrients Market – Type Analysis
    • 5.1 India Agriculture Micronutrients Market Overview: By Type
      • 5.1.1 India Agriculture Micronutrients Market Share, By Type, 2022 and – 2033
    • 5.2 Zinc
      • 5.2.1 India Agriculture Micronutrients Market by Zinc, 2024 – 2033 (USD Million)
    • 5.3 Boron
      • 5.3.1 India Agriculture Micronutrients Market by Boron, 2024 – 2033 (USD Million)
    • 5.4 Iron
      • 5.4.1 India Agriculture Micronutrients Market by Iron, 2024 – 2033 (USD Million)
    • 5.5 Molybdenum
      • 5.5.1 India Agriculture Micronutrients Market by Molybdenum, 2024 – 2033 (USD Million)
    • 5.6 Copper
      • 5.6.1 India Agriculture Micronutrients Market by Copper, 2024 – 2033 (USD Million)
    • 5.7 Others
      • 5.7.1 India Agriculture Micronutrients Market by Others, 2024 – 2033 (USD Million)
  • Chapter 6. India Agriculture Micronutrients Market – Crop Type Analysis
    • 6.1 India Agriculture Micronutrients Market Overview: By Crop Type
      • 6.1.1 India Agriculture Micronutrients Market Share, By Crop Type, 2022 and – 2033
    • 6.2 Fruits & Vegetables
      • 6.2.1 India Agriculture Micronutrients Market by Fruits & Vegetables, 2024 – 2033 (USD Million)
    • 6.3 Cereals & Grains
      • 6.3.1 India Agriculture Micronutrients Market by Cereals & Grains, 2024 – 2033 (USD Million)
    • 6.4 Oilseeds & Pulses
      • 6.4.1 India Agriculture Micronutrients Market by Oilseeds & Pulses, 2024 – 2033 (USD Million)
    • 6.5 Others
      • 6.5.1 India Agriculture Micronutrients Market by Others, 2024 – 2033 (USD Million)
  • Chapter 7. India Agriculture Micronutrients Market – Form Analysis
    • 7.1 India Agriculture Micronutrients Market Overview: By Form
      • 7.1.1 India Agriculture Micronutrients Market Share, By Form, 2022 and – 2033
    • 7.2 Chelated
      • 7.2.1 India Agriculture Micronutrients Market by Chelated, 2024 – 2033 (USD Million)
    • 7.3 Non-Chelated
      • 7.3.1 India Agriculture Micronutrients Market by Non-Chelated, 2024 – 2033 (USD Million)
  • Chapter 8. India Agriculture Micronutrients Market – Mode of Application Analysis
    • 8.1 India Agriculture Micronutrients Market Overview: By Mode of Application
      • 8.1.1 India Agriculture Micronutrients Market Share, By Mode of Application, 2022 and – 2033
    • 8.2 Soil
      • 8.2.1 India Agriculture Micronutrients Market by Soil, 2024 – 2033 (USD Million)
    • 8.3 Foliar
      • 8.3.1 India Agriculture Micronutrients Market by Foliar, 2024 – 2033 (USD Million)
    • 8.4 Fertigation
      • 8.4.1 India Agriculture Micronutrients Market by Fertigation, 2024 – 2033 (USD Million)
    • 8.5 Others
      • 8.5.1 India Agriculture Micronutrients Market by Others, 2024 – 2033 (USD Million)
  • Chapter 9. India Agriculture Micronutrients Market – Regional Analysis
    • 9.1 India Agriculture Micronutrients Market Regional Overview
    • 9.2 India Agriculture Micronutrients Market Share, by Region, 2022 & – 2033 (USD Million)
  • Chapter 10. Company Profiles
    • 10.1 Coromandel International Limited
      • 10.1.1 Overview
      • 10.1.2 Financials
      • 10.1.3 Product Portfolio
      • 10.1.4 Business Strategy
      • 10.1.5 Recent Developments
    • 10.2 Tata Chemicals Limited
      • 10.2.1 Overview
      • 10.2.2 Financials
      • 10.2.3 Product Portfolio
      • 10.2.4 Business Strategy
      • 10.2.5 Recent Developments
    • 10.3 Gujarat State Fertilizers & Chemicals Ltd.
      • 10.3.1 Overview
      • 10.3.2 Financials
      • 10.3.3 Product Portfolio
      • 10.3.4 Business Strategy
      • 10.3.5 Recent Developments
    • 10.4 Indian Farmers Fertiliser Cooperative Limited
      • 10.4.1 Overview
      • 10.4.2 Financials
      • 10.4.3 Product Portfolio
      • 10.4.4 Business Strategy
      • 10.4.5 Recent Developments
    • 10.5 Rashtriya Chemicals and Fertilizers Ltd.
      • 10.5.1 Overview
      • 10.5.2 Financials
      • 10.5.3 Product Portfolio
      • 10.5.4 Business Strategy
      • 10.5.5 Recent Developments
    • 10.6 Chambal Fertilisers and Chemicals Limited
      • 10.6.1 Overview
      • 10.6.2 Financials
      • 10.6.3 Product Portfolio
      • 10.6.4 Business Strategy
      • 10.6.5 Recent Developments
    • 10.7 Zuari Agro Chemicals Ltd.
      • 10.7.1 Overview
      • 10.7.2 Financials
      • 10.7.3 Product Portfolio
      • 10.7.4 Business Strategy
      • 10.7.5 Recent Developments
    • 10.8 Deepak Fertilisers and Petrochemicals Corporation Limited
      • 10.8.1 Overview
      • 10.8.2 Financials
      • 10.8.3 Product Portfolio
      • 10.8.4 Business Strategy
      • 10.8.5 Recent Developments
    • 10.9 National Fertilizers Limited
      • 10.9.1 Overview
      • 10.9.2 Financials
      • 10.9.3 Product Portfolio
      • 10.9.4 Business Strategy
      • 10.9.5 Recent Developments
    • 10.10 UPL Limited
      • 10.10.1 Overview
      • 10.10.2 Financials
      • 10.10.3 Product Portfolio
      • 10.10.4 Business Strategy
      • 10.10.5 Recent Developments
    • 10.11 BASF India Limited
      • 10.11.1 Overview
      • 10.11.2 Financials
      • 10.11.3 Product Portfolio
      • 10.11.4 Business Strategy
      • 10.11.5 Recent Developments
    • 10.12 Yara Fertilisers India Pvt. Ltd.
      • 10.12.1 Overview
      • 10.12.2 Financials
      • 10.12.3 Product Portfolio
      • 10.12.4 Business Strategy
      • 10.12.5 Recent Developments
    • 10.13 Haifa Chemicals Ltd.
      • 10.13.1 Overview
      • 10.13.2 Financials
      • 10.13.3 Product Portfolio
      • 10.13.4 Business Strategy
      • 10.13.5 Recent Developments
    • 10.14 Aries Agro Limited
      • 10.14.1 Overview
      • 10.14.2 Financials
      • 10.14.3 Product Portfolio
      • 10.14.4 Business Strategy
      • 10.14.5 Recent Developments
    • 10.15 DCM Shriram Limited
      • 10.15.1 Overview
      • 10.15.2 Financials
      • 10.15.3 Product Portfolio
      • 10.15.4 Business Strategy
      • 10.15.5 Recent Developments
    • 10.16 Nagarjuna Fertilizers and Chemicals Limited
      • 10.16.1 Overview
      • 10.16.2 Financials
      • 10.16.3 Product Portfolio
      • 10.16.4 Business Strategy
      • 10.16.5 Recent Developments
    • 10.17 Rallis India Limited
      • 10.17.1 Overview
      • 10.17.2 Financials
      • 10.17.3 Product Portfolio
      • 10.17.4 Business Strategy
      • 10.17.5 Recent Developments
    • 10.18 Gujarat Narmada Valley Fertilizers & Chemicals Ltd. (GNFC)
      • 10.18.1 Overview
      • 10.18.2 Financials
      • 10.18.3 Product Portfolio
      • 10.18.4 Business Strategy
      • 10.18.5 Recent Developments
    • 10.19 Greenstar Fertilizers Limited
      • 10.19.1 Overview
      • 10.19.2 Financials
      • 10.19.3 Product Portfolio
      • 10.19.4 Business Strategy
      • 10.19.5 Recent Developments
    • 10.20 Nutrient Technologies India Private Limited
      • 10.20.1 Overview
      • 10.20.2 Financials
      • 10.20.3 Product Portfolio
      • 10.20.4 Business Strategy
      • 10.20.5 Recent Developments
    • 10.21 Others.
      • 10.21.1 Overview
      • 10.21.2 Financials
      • 10.21.3 Product Portfolio
      • 10.21.4 Business Strategy
      • 10.21.5 Recent Developments
List Of Figures

Figures No 1 to 29

List Of Tables

Tables No 1 to 2

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2032

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2032
  • Market revenue estimates and forecasts up to 2032, by technology
  • Market revenue estimates and forecasts up to 2032, by application
  • Market revenue estimates and forecasts up to 2032, by type
  • Market revenue estimates and forecasts up to 2032, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • 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

FAQs

The lack of awareness about the importance of micronutrients for soil health and crop productivity hinder India Agriculture Micronutrients market.

The major driver for the India Agriculture Micronutrients market is growing focus on improving crop yields and rising usage of biodegradable chelates.

The “Zinc” category dominated the market in 2022.

The key players in the market are 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.

The market is projected to grow at a CAGR of 8.9% during the forecast period, 2023-2032.

The India Agriculture Micronutrients Market size was valued at USD 590.8 Million in 2023.

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