NORTH AMERICA MICRONUTRIENT FERTILIZER MARKET - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2028

 The market for micronutrient fertilisers in North America is anticipated to grow at a CAGR of 7.38%. Micronutrients are crucial for plant growth and are crucial for a well-balanced crop diet. The growth of plants may be hampered by a deficiency of any of the micronutrients. Plants need trace amounts of micronutrients like boron, copper, manganese, zinc, and cobalt, which are found in micronutrient fertilisers.

Due to the COVID-19 pandemic, the value of micronutrient fertiliser decreased in 2020. Shipments were impacted during the initial lockdown phase as a result of a labour shortage and the closure of a few fertiliser factories that were housed in integrated chemical complexes. By 2021, though, things had stabilised and production rates for all fertilisers had grown.

By crop category, field crops had the biggest consumption volume in 2021, at 123.9 thousand metric tonnes and USD 375.0 million. This was due to the fact that about 95% of the region's agricultural land is used for field crops.

With around 98.8 million hectares of agricultural area, the United States produces the most food in North America. In 2021, the value of the North American micronutrient fertiliser market was accounted for by the United States at 69.6%. 
In the United States, there were 114.7 million hectares of cropland under cultivation in 2021; by 2028, that number is expected to rise to 124.4 million hectares. Therefore, the use of micronutrient fertilisers will increase, propelling the market.

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