Boron Fertilizers Market Report 2026

The boron fertilizers market size has grown strongly in recent years. It will grow from $3.18 billion in 2025 to $3.46 billion in 2026 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to increasing incidence of boron-deficient soils, growth of intensive farming practices, rising awareness of micronutrient deficiencies, expansion of high-value crop cultivation, availability of boron-based fertilizer products.

The boron fertilizers market size is expected to see strong growth in the next few years. It will grow to $4.82 billion in 2030 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to expansion of precision agriculture practices, increasing adoption of micronutrient fertilization, rising demand for yield optimization, growing investments in soil testing technologies, increasing focus on sustainable nutrient management. Major trends in the forecast period include increasing adoption of micronutrient-enriched fertilizers, rising use of foliar boron applications, growing demand for crop-specific nutrient management, expansion of soil health improvement practices, enhanced focus on balanced plant nutrition.

The rising production of fruits and vegetables is expected to fuel the growth of the boron fertilizers market going forward. Fruits are the sweet or sour seed-bearing parts of plants that can be consumed raw, while vegetables are edible plant components. Boron plays a critical role in protein synthesis, seed and cell wall formation, pollen germination, pollen tube growth, fruit set, and overall yield. It also supports glucose metabolism and sugar translocation. As a result, increasing fruit and vegetable production is expected to drive demand for boron fertilizers. For example, in July 2025, according to Statistics Canada, a Canada-based government agency, Canada’s field vegetable production surpassed 2.3 million metric tons in 2024, representing a 2.5% increase compared to 2023. Therefore, the rising production of fruits and vegetables is propelling the boron fertilizers market.

Leading companies in the boron fertilizer market are concentrating on creating innovative solutions, such as diammonium phosphate (DAP) fertilizer, to boost agricultural productivity and tackle nutrient deficiencies in the soil. Diammonium phosphate (DAP) fertilizer is a commonly used chemical fertilizer that provides two essential plant nutrients: nitrogen and phosphorus. For example, on April 23, 2024, Fauji Fertilizer Company Limited, a chemical manufacturing firm based in Pakistan, introduced Sona Boron DAP, the country's first value-added diammonium phosphate fertilizer. This groundbreaking product contains a nutrient composition of 18% nitrogen, 46% phosphorus, and 0.1% boron, specifically addressing the significant boron deficiency present in around 60% of Pakistan's soils. Sona Boron DAP is designed to improve crop yields by 10-23% and is suitable for use through fertigation during the later stages of plant growth.

In January 2023, Nouryon, a Netherlands-based specialty chemicals company, acquired ADOB for an undisclosed amount. Through this acquisition, Nouryon aims to expand its crop nutrition portfolio, strengthen product innovation capabilities, and reinforce its position in the agricultural solutions market. ADOB is a U.S.-based company specializing in advanced crop nutrition technologies designed to enhance plant health, increase yields, and support sustainable agricultural practices.

Major companies operating in the boron fertilizers market are Eti Maden İşletmeleri Genel Müdürlüğü, Rio Tinto Group, Borax Argentina S.A., Minera Santa Rita S.R.L., Inkabor S.A.C., Quiborax S.A., Compass Minerals International, Inc., Sociedad Química y Minera de Chile S.A., ICL Group Ltd., Yara International ASA, The Mosaic Company, Nutrien Ltd., Haifa Group Ltd., OCP Group S.A., Coromandel International Limited, Tata Chemicals Limited, Gujarat Borosil Limited, Balaji Crop Care Pvt. Ltd., Aries Agro Limited, AgroLiquid LLC.

Asia-Pacific was the largest region in the boron fertilizers market in 2025. The regions covered in the boron fertilizers market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the boron fertilizers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The boron fertilizers market consists of sales of granular, urea prilled, powder, or liquid boron fertilizers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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