Product Code: 21205
The Global Boron Fertilizers Market, valued at USD 2.80 Billion in 2024, is projected to experience a CAGR of 5.02% to reach USD 3.76 Billion by 2030. Boron fertilizers are compounds containing boron, an essential micronutrient vital for diverse plant physiological processes, including cell wall formation, carbohydrate metabolism, and reproductive development. The market's expansion is primarily driven by the escalating global demand for enhanced agricultural productivity to address food security concerns stemming from a growing population.
| Market Overview |
| Forecast Period | 2026-2030 |
| Market Size 2024 | USD 2.80 Billion |
| Market Size 2030 | USD 3.76 Billion |
| CAGR 2025-2030 | 5.02% |
| Fastest Growing Segment | Boric Acid |
| Largest Market | Asia Pacific |
Key Market Drivers
The growth of the global boron fertilizers market is significantly propelled by the growing global food demand and population. As the world population expands, there is an escalating need for increased agricultural output and enhanced crop efficiency to ensure food security. Boron, as an essential micronutrient, plays a crucial role in improving crop yield, quality, and resistance to environmental stresses, directly addressing this fundamental requirement for intensified food production. Farmers are increasingly relying on specialized nutrient solutions to maximize productivity from existing arable land. According to the OECD-FAO Agricultural Outlook 2024-2033, published in July 2024, total agricultural and fisheries consumption is projected to grow by 1.1 percent annually over the next decade. This sustained demand for greater food volumes inherently translates into a heightened need for inputs that boost crop performance.
Key Market Challenges
A significant challenge impeding the expansion of the Global Boron Fertilizers Market is the inherent volatility in the prices of primary raw materials, specifically borax and boric acid. This fluctuation directly impacts production costs for manufacturers, which can lead to increased end-user prices for boron fertilizers. Higher prices often reduce farmer adoption rates, particularly in agricultural economies sensitive to input costs, thereby restricting overall market growth.
Key Market Trends
The rising adoption of precision agriculture and fertigation systems represents a significant trend in the global boron fertilizers market. This shift enables targeted nutrient application, optimizing boron delivery directly to crops while minimizing waste and environmental impact. By precisely matching nutrient supply with plant demand, these systems enhance the efficiency of boron uptake, which is crucial for maximizing crop yield and quality. According to The Fertilizer Institute (TFI), in December 2024, the U. S. accounted for close to 11% of global fertilizer consumption, underscoring the importance of efficient nutrient management in major agricultural economies. Supporting this trend, Yara International ASA launched YaraFX Insight in June 2023, an agricultural API solution designed to integrate the company's extensive crop nutrition knowledge into third-party digital platforms, with an ambition to cover 150 million hectares with its digital services by 2025. This integration of digital tools drives demand for tailored and highly soluble boron formulations compatible with advanced irrigation and application technologies.
Key Market Players
- DuPont de Nemours Inc
- Ineos Group Ltd
- INVISTA Sarl
- NOVA Chemicals Corporation
- Valspar Corporation
- Mitsui Chemicals, Inc.
- EVAL Europe N.V
- Honeywell International, Inc.
- The Dow Chemical Company
- Kuraray Co., Ltd
Report Scope:
In this report, the Global Boron Fertilizers Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Boron Fertilizers Market, By Source:
Boron Fertilizers Market, By Application:
- Fruits & Vegetables
- Cereals & Grains
- Oilseeds & Pulses
- Others
Boron Fertilizers Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies presents in the Global Boron Fertilizers Market.
Available Customizations:
Global Boron Fertilizers Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
- 1.1. Market Definition
- 1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations
2. Research Methodology
- 2.1. Objective of the Study
- 2.2. Baseline Methodology
- 2.3. Key Industry Partners
- 2.4. Major Association and Secondary Sources
- 2.5. Forecasting Methodology
- 2.6. Data Triangulation & Validation
- 2.7. Assumptions and Limitations
3. Executive Summary
- 3.1. Overview of the Market
- 3.2. Overview of Key Market Segmentations
- 3.3. Overview of Key Market Players
- 3.4. Overview of Key Regions/Countries
- 3.5. Overview of Market Drivers, Challenges, Trends
4. Voice of Customer
5. Global Boron Fertilizers Market Outlook
- 5.1. Market Size & Forecast
- 5.2. Market Share & Forecast
- 5.2.1. By Source (Borax, Boric Acid, Others)
- 5.2.2. By Application (Fruits & Vegetables, Cereals & Grains, Oilseeds & Pulses, Others)
- 5.2.3. By Region
- 5.2.4. By Company (2024)
- 5.3. Market Map
6. North America Boron Fertilizers Market Outlook
- 6.1. Market Size & Forecast
- 6.2. Market Share & Forecast
- 6.2.1. By Source
- 6.2.2. By Application
- 6.2.3. By Country
- 6.3. North America: Country Analysis
- 6.3.1. United States Boron Fertilizers Market Outlook
- 6.3.1.1. Market Size & Forecast
- 6.3.1.2. Market Share & Forecast
- 6.3.1.2.1. By Source
- 6.3.1.2.2. By Application
- 6.3.2. Canada Boron Fertilizers Market Outlook
- 6.3.2.1. Market Size & Forecast
- 6.3.2.2. Market Share & Forecast
- 6.3.2.2.1. By Source
- 6.3.2.2.2. By Application
- 6.3.3. Mexico Boron Fertilizers Market Outlook
- 6.3.3.1. Market Size & Forecast
- 6.3.3.2. Market Share & Forecast
- 6.3.3.2.1. By Source
- 6.3.3.2.2. By Application
7. Europe Boron Fertilizers Market Outlook
- 7.1. Market Size & Forecast
- 7.2. Market Share & Forecast
- 7.2.1. By Source
- 7.2.2. By Application
- 7.2.3. By Country
- 7.3. Europe: Country Analysis
- 7.3.1. Germany Boron Fertilizers Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Source
- 7.3.1.2.2. By Application
- 7.3.2. France Boron Fertilizers Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Source
- 7.3.2.2.2. By Application
- 7.3.3. United Kingdom Boron Fertilizers Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Source
- 7.3.3.2.2. By Application
- 7.3.4. Italy Boron Fertilizers Market Outlook
- 7.3.4.1. Market Size & Forecast
- 7.3.4.2. Market Share & Forecast
- 7.3.4.2.1. By Source
- 7.3.4.2.2. By Application
- 7.3.5. Spain Boron Fertilizers Market Outlook
- 7.3.5.1. Market Size & Forecast
- 7.3.5.2. Market Share & Forecast
- 7.3.5.2.1. By Source
- 7.3.5.2.2. By Application
8. Asia Pacific Boron Fertilizers Market Outlook
- 8.1. Market Size & Forecast
- 8.2. Market Share & Forecast
- 8.2.1. By Source
- 8.2.2. By Application
- 8.2.3. By Country
- 8.3. Asia Pacific: Country Analysis
- 8.3.1. China Boron Fertilizers Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Source
- 8.3.1.2.2. By Application
- 8.3.2. India Boron Fertilizers Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Source
- 8.3.2.2.2. By Application
- 8.3.3. Japan Boron Fertilizers Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Source
- 8.3.3.2.2. By Application
- 8.3.4. South Korea Boron Fertilizers Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.2. Market Share & Forecast
- 8.3.4.2.1. By Source
- 8.3.4.2.2. By Application
- 8.3.5. Australia Boron Fertilizers Market Outlook
- 8.3.5.1. Market Size & Forecast
- 8.3.5.2. Market Share & Forecast
- 8.3.5.2.1. By Source
- 8.3.5.2.2. By Application
9. Middle East & Africa Boron Fertilizers Market Outlook
- 9.1. Market Size & Forecast
- 9.2. Market Share & Forecast
- 9.2.1. By Source
- 9.2.2. By Application
- 9.2.3. By Country
- 9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Boron Fertilizers Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Source
- 9.3.1.2.2. By Application
- 9.3.2. UAE Boron Fertilizers Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Source
- 9.3.2.2.2. By Application
- 9.3.3. South Africa Boron Fertilizers Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Source
- 9.3.3.2.2. By Application
10. South America Boron Fertilizers Market Outlook
- 10.1. Market Size & Forecast
- 10.2. Market Share & Forecast
- 10.2.1. By Source
- 10.2.2. By Application
- 10.2.3. By Country
- 10.3. South America: Country Analysis
- 10.3.1. Brazil Boron Fertilizers Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Source
- 10.3.1.2.2. By Application
- 10.3.2. Colombia Boron Fertilizers Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Source
- 10.3.2.2.2. By Application
- 10.3.3. Argentina Boron Fertilizers Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Source
- 10.3.3.2.2. By Application
11. Market Dynamics
- 11.1. Drivers
- 11.2. Challenges
12. Market Trends & Developments
- 12.1. Merger & Acquisition (If Any)
- 12.2. Product Launches (If Any)
- 12.3. Recent Developments
13. Global Boron Fertilizers Market: SWOT Analysis
14. Porter's Five Forces Analysis
- 14.1. Competition in the Industry
- 14.2. Potential of New Entrants
- 14.3. Power of Suppliers
- 14.4. Power of Customers
- 14.5. Threat of Substitute Products
15. Competitive Landscape
- 15.1. DuPont de Nemours Inc
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
- 15.2. Ineos Group Ltd
- 15.3. INVISTA Sarl
- 15.4. NOVA Chemicals Corporation
- 15.5. Valspar Corporation
- 15.6. Mitsui Chemicals, Inc.
- 15.7. EVAL Europe N.V
- 15.8. Honeywell International, Inc.
- 15.9. The Dow Chemical Company
- 15.10. Kuraray Co., Ltd
16. Strategic Recommendations
17. About Us & Disclaimer