Agriculture Grade Zinc Chemicals Market by Derivatives (Zinc Oxide, Zinc Sulphate, EDTA Chelated Zinc, Sulphur Zinc Bentonite, Zinc Chloride), and By Region; Global Insights & Forecast (2024 – 2030)

As per Intent Market Research, the Agriculture Grade Zinc Chemicals Market was valued at USD 1.5 billion in 2023 and will surpass USD 2.2 billion by 2030; growing at a CAGR of 5.6% during 2024 - 2030.

The agriculture-grade zinc chemicals market is gaining momentum globally due to the critical role of zinc in maintaining soil fertility and enhancing crop health. Zinc is an essential micronutrient that aids in various plant metabolic processes, such as enzyme activation, protein synthesis, and chlorophyll production, which are vital for optimal growth and development. As concerns over soil nutrient depletion and micronutrient deficiencies intensify, the adoption of zinc-based agricultural inputs is on the rise. These inputs, including zinc oxide, zinc sulfate, and chelated zinc compounds, are increasingly used to address deficiencies and maximize crop yield. The ongoing shift toward sustainable farming practices further supports the demand for zinc chemicals, as they contribute to long-term soil health and productivity.

The market’s growth trajectory is further fueled by the rising global population, which is placing unprecedented pressure on the agricultural sector to boost food production. Additionally, advancements in zinc formulations and application techniques are enhancing their effectiveness and accessibility for farmers worldwide. Governments and organizations are also playing a significant role by promoting awareness of micronutrient deficiencies and providing subsidies for zinc fertilizers, particularly in emerging economies. With these factors driving demand, the agriculture-grade zinc chemicals market is expected to experience steady expansion through 2030, solidifying its importance in modern agriculture.

Zinc Oxide Segment is Largest Owing to Its Versatility in Agricultural Applications

The zinc oxide segment leads the agriculture-grade zinc chemicals market, owing to its adaptability and effectiveness in various agricultural applications. Known for its ability to improve soil fertility and stimulate plant growth, zinc oxide is widely used in fertilizers, foliar sprays, and seed coatings. Its high stability ensures prolonged availability of zinc to plants, making it particularly effective in addressing deficiencies in alkaline and saline soils where nutrient uptake is challenging. Farmers favor zinc oxide for its reliability and cost-efficiency, particularly in regions with intensive agricultural activity. As the demand for sustainable and environmentally friendly farming practices grows, zinc oxide is also gaining popularity in organic farming, where it serves as a natural and eco-friendly alternative to synthetic fertilizers.

Moreover, the widespread use of zinc oxide is supported by its compatibility with other agricultural chemicals and its ease of application, making it a preferred choice across diverse farming systems. Its role in enhancing the nutrient profile of crops further contributes to its high demand, particularly in regions facing food security challenges. With continued innovation in product formulations and growing awareness of the importance of zinc in crop nutrition, the dominance of the zinc oxide segment in the market is expected to remain strong, bolstered by its versatility and proven benefits in improving agricultural productivity.

Zinc Sulphate Segment is Fastest Growing Due to Increasing Demand for Micronutrient Fertilizers

The zinc sulfate segment is emerging as the fastest-growing segment in the agriculture-grade zinc chemicals market, primarily due to its exceptional efficiency in correcting zinc deficiencies in soils and crops. This compound is a preferred choice for farmers seeking immediate results, as it delivers zinc in a highly soluble and bioavailable form. Zinc sulfate is especially effective in enhancing the productivity of zinc-deficient crops like rice, wheat, maize, and legumes, which form the backbone of global food production. The increasing recognition of zinc's role in improving crop resilience, quality, and yield is driving its adoption, particularly in developing regions where soil nutrient depletion is a pressing concern.

The affordability and versatility of zinc sulfate also make it a popular choice among small and large-scale farmers alike. It is available in multiple formulations, including granular and liquid forms, which cater to different agricultural needs and application methods. Furthermore, its compatibility with modern farming equipment and precision agriculture technologies enhances its appeal. As global initiatives promoting sustainable farming practices gain traction, the demand for zinc sulfate is expected to grow rapidly, especially in emerging economies where enhancing agricultural productivity is critical to economic and food security goals.

Asia-Pacific Region is Largest Due to High Agricultural Demand

The Asia Pacific region dominates the agriculture-grade zinc chemicals market, accounting for the largest share due to its expansive agricultural sector and high prevalence of zinc-deficient soils. Countries like China and India, which are among the world’s leading agricultural producers, rely heavily on zinc-based fertilizers to enhance soil health and crop productivity. Zinc deficiencies in these regions have been a persistent issue, particularly in rice and wheat cultivation, prompting widespread adoption of zinc chemicals. Additionally, rapid population growth and rising food demand are driving governments in the region to implement policies and programs promoting the use of micronutrient fertilizers. These initiatives include subsidies, awareness campaigns, and technical support, further encouraging farmers to incorporate zinc chemicals into their practices.

The region's growth is also supported by advancements in agricultural technologies and the increasing penetration of precision farming techniques, which emphasize micronutrient management for optimal crop yield. Emerging economies in Southeast Asia are contributing significantly to the market's expansion, as agricultural intensification becomes a priority to meet rising domestic and export demands. Furthermore, collaborations between governments, research institutions, and private players are fostering innovation and improving the accessibility of zinc-based agricultural solutions. With its vast agricultural landscape and growing focus on sustainable farming, the Asia Pacific region is expected to retain its leadership position in the agriculture-grade zinc chemicals market for the foreseeable future.

Leading Companies and Competitive Landscape

The agriculture-grade zinc chemicals market is highly competitive, with several global and regional players leading the charge in product innovation and market expansion. Leading companies such as BASF, Yara International, Solvay, and Nutrien are actively involved in developing advanced zinc-based products that cater to the diverse needs of farmers. These companies are focusing on strategic partnerships, mergers, and acquisitions to enhance their market presence and broaden their product offerings. Additionally, there is a strong emphasis on sustainability and eco-friendly solutions in the development of new zinc-based fertilizers and soil treatments.

The competitive landscape is also marked by the rise of local players who focus on providing affordable and region-specific solutions to meet the unique agricultural needs of different markets. With the increasing demand for organic farming solutions and sustainable practices, companies are investing in research and development to create more efficient, environmentally friendly products. As the market continues to grow, companies that can offer high-quality, cost-effective, and sustainable agriculture-grade zinc chemicals will likely maintain a competitive edge in this dynamic industry.

List of Leading Companies:

• Rubamin
• Suraj Udyog
• Sulphur Mills Ltd.
• Aries Agro Limited
• Indian Farmers Fertiliser Cooperative Limited (IFFCO)
• Coromandel International Ltd.
• Tiger-Sul
• Sulfozyme Agro India Pvt. Ltd.
• American Chemet Corporation
• Prabhat fertilizer
• EverZinc
• Yara International ASA
• Old Bridge Chemicals Ltd.

Recent Developments: -

• BASF announced the launch of a new Zinc-based fertilizer to enhance crop productivity in developing regions.
• Yara International acquired a zinc-based fertilizer business to expand its portfolio in sustainable farming solutions.
• ZincOx Resources completed a regulatory approval process for a new zinc recycling plant aimed at agricultural uses.
• Nutrien expanded its product line with a new EDTA Chelated Zinc offering tailored for soil health improvement.
• Solvay revealed a strategic partnership to develop innovative zinc solutions for precision agriculture in Europe.

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