Boron Fertilizers Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Source (Borax, Boric Acid, Others), By Application (Fruits & Vegetables, Cereals & Grains, Oilseeds & Pulses, Others), By Region and Competition, 2020-2030F

Market Overview

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. Concurrently, prevalent boron deficiencies in agricultural soils across various geographies necessitate targeted fertilizer application to optimize crop yields and quality. The increasing cultivation of high-value crops, often possessing higher specific boron requirements for optimal growth, further underpins the sustained demand for these specialized nutrient solutions.

A significant challenge impeding global market expansion for boron fertilizers is the inherent volatility in the prices of primary raw materials such as borax and boric acid. This fluctuation directly influences production costs for manufacturers, potentially leading to increased end-user prices and affecting farmer adoption rates, particularly in price-sensitive agricultural economies. According to the International Fertilizer Association (IFA), global fertilizer use for nitrogen, phosphate, and potash was forecast to increase by 4.3% in fiscal year 2023 and 2.5% in fiscal year 2024, reflecting a broader recovery in the fertilizer sector which indirectly supports micronutrient demand amidst raw material price pressures.

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.

The increasing prevalence of boron deficiency in soils worldwide represents another critical driver for market expansion. Intensive farming practices and limited micronutrient replenishment have led to widespread soil degradation, with boron often among the most depleted elements. Correcting these deficiencies is vital for maintaining soil health and preventing significant yield losses across various crops. According to U. S. Borax, in September 2023, a field study in Brazil revealed that approximately 89 percent of Brazilian soils exhibited low or medium levels of boron content, underscoring the pervasive nature of this agricultural challenge. Addressing such widespread deficiencies directly stimulates the demand for boron-specific fertilizers. This need is further demonstrated by overall boron sector activity. According to Newsroom, in September 2024, Türkiye's state-owned Eti Maden reported that its refined boron production reached 1.92 million tons in 2023, affirming its position as a leading global supplier. This substantial production volume caters to the agricultural sector's growing requirement for boron solutions.

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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.

Such price instability complicates long-term planning and investment for fertilizer producers and agricultural stakeholders. According to the U. S. Geological Survey, world production of boron minerals, essential for these raw materials, was estimated at 2.6 million metric tons in 2023, marking an increase from 2.3 million metric tons in 2022. Despite this rising production, the unpredictable nature of raw material pricing introduces considerable market uncertainty, potentially deterring sustained growth and wider application of boron fertilizers necessary for optimizing crop yields and quality.

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.

Advancements in nano-boron fertilizer technologies also emerge as a transformative trend. These innovative formulations involve boron at the nanoscale, leading to enhanced bioavailability, improved nutrient absorption by plants, and potentially reduced application rates. The smaller particle size of nano-boron allows for more efficient foliar and soil uptake, directly addressing boron deficiencies more effectively than conventional fertilizers. This technological progression is part of a broader industry movement towards nano-fertilizers. In October 2023, for example, the IFFCO Nano DAP (Liquid) Plant was inaugurated in Kalol, Gandhinagar, signifying a notable stride in the commercialization and scaled production of nano-fertilizers. Such developments in nanotechnology underscore a future where boron fertilizers can deliver superior efficacy and environmental performance, further propelling market growth through innovation.

Segmental Insights

In the Global Boron Fertilizers Market, Boric Acid is recognized as the fastest-growing segment, primarily due to its indispensable role in rectifying widespread boron deficiencies in agricultural soils. This accelerated growth stems from boric acid's high solubility, which ensures rapid uptake by plants, thereby offering an effective solution for addressing critical micronutrient imbalances. Boric acid is crucial for vital plant physiological processes, including cell wall formation, sugar transport, and reproductive development, directly enhancing overall crop productivity and quality. The global shift towards high-yield crop varieties and more intensive farming practices further necessitates efficient boron supplementation, solidifying boric acid's position as a preferred and essential fertilizer for sustainable agricultural systems.

Regional Insights

Asia Pacific leads the global boron fertilizers market due to its extensive agricultural land and large farming populations in countries like China and India, which drive a substantial demand for enhanced crop yields. The region's increasing population necessitates higher food production, making boron crucial for plant nutrition and improved agricultural output. Furthermore, widespread boron deficiencies in agricultural soils across the region, coupled with intensive farming practices and the cultivation of boron-thirsty crops such as rice, wheat, and oil palm, significantly boost fertilizer consumption. Economic growth and ongoing investments in agricultural modernization, alongside government initiatives promoting soil health, further solidify Asia Pacific's dominant position in the market.

Recent Developments

• In June 2025, Lucent Bio, a Canadian company specializing in sustainable fertilizers, launched Soileos Boron + Zinc, a granular fertilizer engineered to improve boron nutrient use efficiency. This product is based on a patented cellulose delivery matrix, offering a slow-release, water-insoluble, and seed-safe solution. Its innovative design utilizes microbial mineralization to provide a gradual and consistent release of boron and zinc throughout the growing season, mitigating nutrient loss and supporting climate-smart crop production.

• In March 2025, EuroChem, a global plant nutrition company, showcased its new Fertiva technology at Coplacampo 2025 in Piracicaba, Brazil. Fertiva is presented as a comprehensive nutritional solution, incorporating essential micronutrients including boron, alongside nitrogen, phosphorus, potassium, sulfur, magnesium, and zinc. This technology aims to provide balanced nutrition for crops, with a particular focus on sugarcane and soybean development, and represents advancements in customized fertilizer formulations.

• In April 2024, Fauji Fertilizer Company Limited (FFCL) introduced "Sona Boron DAP" in Lahore, Pakistan. This represented the country's first value-added diammonium phosphate fertilizer, specifically formulated to address widespread boron deficiency in Pakistani soils. The new product contained 18% nitrogen, 46% phosphorus, and 0.1% boron, aiming to enhance crop growth and yield, particularly during reproductive and fruit-setting stages.

• In January 2024, Fauji Fertilizer Bin Qasim Limited (FFBL) announced its plan to launch Boron Fortified DAP during the 2024 calendar year. This new product was anticipated to deliver significant value to the agricultural sector, particularly in Pakistan where approximately 60% of soils exhibit boron deficiency. The boron-fortified phosphatic fertilizer was expected to offer a synergistic effect, enhancing crop yields and contributing to more sustainable agricultural practices by mitigating nutrient runoff.

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:

o   Borax

o   Boric Acid

o   Others

• Boron Fertilizers Market, By Application:

o   Fruits & Vegetables

o   Cereals & Grains

o   Oilseeds & Pulses

o   Others

• Boron Fertilizers Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   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).

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