India Agricultural Micronutrients Market Expands as Precision Agriculture Technology Utilization Rises

Written by Lisa Tate  »  Updated on: July 08th, 2024

India Agricultural Micronutrients Market Expands as Precision Agriculture Technology Utilization Rises

India Agricultural Micronutrients Market - Expanding intensive agriculture & high-cropping systems and adoption of precision agriculture technologies are factors driving the India Market in the forecast period 2025-2029.

According to TechSci Research report, “India Agricultural Micronutrients Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029”, the India Agricultural Micronutrients Market stood at USD 115.36 Million in 2023 and is anticipated to grow with a CAGR of 7.68% in the forecast period, 2025-2029. The drivers of the Agricultural Micronutrients market in India are multifaceted. A growing population and the consequent increase in food demand have intensified the need for high crop yield. Moreover, the shrinking arable land in India necessitates the efficient use of soil, promoting the use of micronutrients.

The government's initiatives promoting sustainable farming practices and the increased awareness among farmers about the benefits of micronutrients further stimulate the market. The advancement in farming techniques and innovations in micronutrient delivery systems are also significant contributors to the market growth.

The Indian agricultural micronutrients market has been witnessing significant growth over the last few years. This can be attributed to several key factors such as rising population, increasing awareness about the benefits of micronutrients, and greater governmental efforts to improve agricultural productivity. India, with its diverse climatic conditions, supports a broad range of agricultural activities. However, its soils have been found to be deficient in several micronutrients that are crucial for crop health and yield. Micronutrients such as zinc, iron, manganese, and boron play important roles in various plant processes including photosynthesis, plant growth, and crop yield.

Furthermore, the rising population in India has put immense pressure on the agricultural sector to increase crop production. This led to the extensive use of chemical fertilizers that, while boosting crop yield, has also resulted in the depletion of micronutrients in the soil over time. Therefore, the demand for agricultural micronutrients to replenish these essential elements in the soil has been on the rise.

Moreover, the Indian government has made significant efforts to promote the use of agricultural micronutrients. Initiatives such as the Soil Health Card Scheme, which provides information to farmers about the nutrient status of their soils, have been instrumental in raising awareness about the importance of micronutrients. The government has also promoted the use of micronutrient fertilizers through subsidies, further driving market growth. The Indian agricultural micronutrients market is also strongly driven by an increasingly informed farming community. With improved access to information through the internet and government initiatives, farmers are more aware of the benefits of micronutrients in improving crop health and yield. As a result, there has been a shift towards the increased adoption of agricultural micronutrients.

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In terms of challenges, one of the primary issues faced by the Indian agricultural micronutrients market is the lack of standardized regulations for micronutrient application. Inconsistent recommendations for micronutrient application rates often lead to either overuse or underuse, both of which can have harmful effects on crop health and soil fertility. Overall, while there are certain challenges that need to be addressed, the future of the Indian agricultural micronutrients market looks promising. As awareness continues to rise and the government increases its support for the sector, the market is expected to witness robust growth in the coming years.

The India Agricultural Micronutrients Market is segmented into form, type, mode of application, crop type, regional distribution, and company

Based on crop type, in India, the Agricultural Micronutrients market is predominantly driven by the Cereals & Grains segment. With rice, wheat, and maize being staple foods in the country, the demand for micronutrients geared towards these crops has seen a significant surge. This trend is expected to continue due to the consistent focus on improving crop yield and quality, combatting malnutrition, and catering to the growing population. Furthermore, the agricultural sector in India has witnessed a remarkable transformation in recent years, with advancements in farming techniques, irrigation systems, and crop management practices. This has further accentuated the need for micronutrient supplementation in order to optimize plant growth, increase nutrient uptake, and enhance overall agricultural productivity.

As the government continues to prioritize sustainable agriculture and food security, there is a growing emphasis on the adoption of micronutrient-rich fertilizers and soil amendments. These interventions not only address the nutritional deficiencies in the soil but also contribute to the long-term sustainability of the agricultural industry. The Agricultural Micronutrients market in India is poised for continued growth, driven by the increasing demand for cereals and grains, the focus on improving crop yield and quality, and the government's commitment to combating malnutrition. By leveraging the potential of micronutrient supplementation, farmers can effectively meet the challenges of feeding a growing population while ensuring the sustainability of the agricultural sector.

Based on region, the dominance of West India in the Indian Agricultural Micronutrients Market can be attributed to a combination of factors. One of the significant elements is the region's diverse agricultural practices, which encompass a wide range of crops and cultivation techniques. This diversity creates a demand for various micronutrients that are essential in optimizing crop yields and ensuring their overall health and vitality. Moreover, the proactive government initiatives in West India play a crucial role in promoting the adoption of micronutrients among farmers. The government's focus on agricultural development and sustainable farming practices encourages farmers to incorporate micronutrients into their crop management strategies. This not only enhances the quality and quantity of agricultural produce but also contributes to the overall growth of the local market for micronutrients.

Furthermore, the presence of robust distribution networks in West India ensures the easy accessibility of micronutrients to farmers across the region. This streamlined supply chain facilitates the timely availability of micronutrient products, enabling farmers to efficiently meet their crop nutrition requirements. Such accessibility and convenience further contribute to the dominance of West India in the Indian Agricultural Micronutrients Market.

Major companies operating in India Agricultural Micronutrients Market are:

Aries Agro Ltd.

Coromandel International Ltd.

Zuari Agrochemicals Ltd.

BASF India Ltd.

Deepak Fertilisers and Petrochemicals Corporation Ltd.

Clean Agro Fertilizer And Chemical Pvt. Ltd.

Yara Fertilisers India Pvt. Ltd.

Indian Farmers Fertiliser Cooperative Ltd.

Roop Rasayan Industries Pvt. Ltd.

DCM Shriram Farm Solutions

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“India's Agricultural Micronutrients Market is expected to experience substantial growth in the forthcoming years. As one of the largest agrarian countries in the world, India consistently strives to enhance both crop yield and quality. In this pursuit, micronutrients emerge as an effective solution by addressing soil deficiencies and promoting optimal crop health. The market growth is further propelled by the heightened awareness of the significance of micronutrients, government initiatives aimed at promoting sustainable farming practices, and the increasing adoption of precision agriculture techniques.

These factors collectively contribute to the promising future of India's Agricultural Micronutrients Market, fostering innovation and advancements in the agricultural sector.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“India Agricultural Micronutrients Market By Form (Chelated and Non-Chelated), By Type (Zinc, Cooper, Boron, Iron, Manganese, Others), By Mode of Application (Soil, Foliar, Fertigation, Others), By Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Others), By Region, Competition, Forecast & Opportunities, 2019-2029F”, has evaluated the future growth potential of India Agricultural Micronutrients 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 India Agricultural Micronutrients Market.

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