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GLOBAL MARKET INSIGHT: MICRONUTRIENT FERTILIZERS MARKET TO REACH $1.7 BILLION BY 2027
Source: Global Market Insights news release

Report estimated that North America micronutrient fertilizers market size will exceed USD 1.7 billion in annual value by 2027.

With the continuously mounting requirement for healthy food, clean water & air, fiber, and fuel, the demand & production of micronutrient fertilizers will foresee a substantial rise in the North American region. Given the complexity of soil type, crop system, local environmental and economic conditions, there is a strong need to fill in the micronutrient deficiencies, mainly in the U.S.

agricultural landscape. The growing concerns over higher yields and crop input costs have compelled growers to review all potential barriers in top grain production, including micronutrient deficiencies.

Across North America, crops like corn and soybeans are largely grown and hence fertilizers and pesticides are extensively used in agriculture, and crop production. This has considerably stressed the need for nutrients that are essential for plant growth as well as boosting their production. Fertilizers are deemed crucial in modern farming as they also help in replenishing the soil with key elements once the crops are extracted.

Micronutrient management mainly in the U.S. is highly localized and the most effective method of introducing these elements is by ensuring that the crops are biofortified with the help of balanced nutritional programs.

Enumerated below are some of the most common nutrients that may reshape the growth curve of the regional market in the forthcoming years.

#1 Rising regional maize production
Zinc-based micronutrient fertilizers are likely to register commendable adoption in North America owing to the surging consumption of maize in the region. These fertilizers enhance the development of inferior grains for increasing the maize yield under high-density conditions. Zinc sulfate is the most widely used macronutrient in the granular form and is mostly applied to soil areas that are low in zinc to increase the soil zinc levels.

The increasing incursion of zinc ammonium sulfate in fluid fertilizers will also aid the micronutrient fertilizers market growth.

#2 Increased usage of manganese-based fertilizers
Manganese has grown significantly popular as a vital micronutrient for plant growth and development as it sustains the metabolic roles in different plant cell compartments. Hence these fertilizers facilitate diverse processes in a plant's life cycle, including photosynthesis, pathogen defense, scavenging of reactive oxygen species, respiration, and hormone signaling.

Furthermore, manganese catalyzes the water-splitting reaction in photosystem II and is, therefore, considered as an essential cofactor for the oxygen-evolving complex of the photosynthetic machinery. The ease of access and abundant availability of this metal in the North American territory will also help uplift the regional market growth.

#3 Need to limit copper deficiencies
The rising concerns over copper deficiencies in soil for cereal grains, such as wheat, barley and oat along with higher levels of sensitivity shown by vegetable crops, including onions, lettuce and carrots will significantly influence the North America micronutrient fertilizers market growth. Copper is a strong contender among the most essential plant micronutrients and is highly preferred for many enzymatic activities in plants as well as for chlorophyll and seed production. The increasing instances of fungal diseases, like ergot, subsequently leading to significant yield losses in small grains will also contribute to the demand for copper-based micronutrient fertilizers in the region.


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