Table of Content


"1    INTRODUCTION    29
1.1    OBJECTIVES OF THE STUDY    29
1.2    MARKET DEFINITION    30
TABLE 1    INCLUSIONS AND EXCLUSIONS PERTAINING TO THE AGRICULTURAL MICRONUTRIENTS MARKET    30
1.3    STUDY SCOPE    31
FIGURE 1    AGRICULTURAL MICRONUTRIENTS MARKET SEGMENTATION    31
1.3.1    REGIONAL SEGMENTATION    32
1.4    PERIODIZATION CONSIDERED    32
1.5    CURRENCY CONSIDERED    33
TABLE 2    USD EXCHANGE RATES, 2018–20221    33
1.6    UNIT CONSIDERED    33
1.7    STAKEHOLDERS    34
1.8    SUMMARY OF CHANGES    34
1.8.1    AGRICULTURAL MICRONUTRIENTS MARKET – GLOBAL FORECAST TO 2027    35
2    RESEARCH METHODOLOGY    36
2.1    RESEARCH DATA    36
FIGURE 2    AGRICULTURAL MICRONUTRIENTS MARKET: RESEARCH DESIGN CHART    36
2.1.1    SECONDARY DATA    37
2.1.1.1    Key data from secondary sources    37
2.1.2    PRIMARY DATA    38
TABLE 3    KEY DATA FROM PRIMARY SOURCES    38
FIGURE 3    EXPERT INSIGHTS    39
2.1.2.1    Breakdown of primary interviews    39
FIGURE 4    BREAKDOWN OF PRIMARY INTERVIEWS: BY VALUE CHAIN, DESIGNATION, AND REGION    39
2.2    MARKET SIZE ESTIMATION    40
2.2.1    BOTTOM-UP APPROACH    41
FIGURE 5    MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH    41
2.2.2    TOP-DOWN APPROACH    42
FIGURE 6    MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH    42
2.3    DATA TRIANGULATION    43
FIGURE 7    DATA TRIANGULATION METHODOLOGY    43
2.4    ASSUMPTIONS FOR THE STUDY    44
2.5    LIMITATIONS OF THE STUDY    44
2.6    SCENARIO-BASED MODELING    45
2.7    COVID-19 HEALTH ASSESSMENT    45
FIGURE 8    COVID-19: GLOBAL PROPAGATION    45
FIGURE 9    COVID-19 PROPAGATION: SELECT COUNTRIES    46
2.8    COVID-19 ECONOMIC ASSESSMENT    46
FIGURE 10    REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR SELECT G20 COUNTRIES IN 2020    47
2.8.1    COVID-19 ECONOMIC IMPACT—SCENARIO ASSESSMENT    47
FIGURE 11    CRITERIA IMPACTING THE GLOBAL ECONOMY    48
FIGURE 12    SCENARIOS IN TERMS OF RECOVERY OF THE GLOBAL ECONOMY    49
3    EXECUTIVE SUMMARY    51
TABLE 4    AGRICULTURAL MICRONUTRIENTS MARKET SNAPSHOT, 2022 VS. 2027    52
FIGURE 13    AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022 VS. 2027 (USD MILLION)    53
FIGURE 14    AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY CROP TYPE,
2022 VS. 2027 (USD MILLION)    54
FIGURE 15    AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY FORM,
2022 VS. 2027 (USD MILLION)    55
FIGURE 16    AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY MODE OF APPLICATION, 2022 VS. 2027 (USD MILLION)    56
FIGURE 17    AGRICULTURAL MICRONUTRIENTS MARKET SHARE (VALUE),
BY REGION, 2021    57
4    PREMIUM INSIGHTS    58
4.1    ATTRACTIVE OPPORTUNITIES IN THE AGRICULTURAL MICRONUTRIENTS MARKET    58
FIGURE 18    INCREASE IN THE MICRONUTRIENT DEFICIENCY IN SOIL ACROSS THE GLOBE IS EXPECTED TO PROPEL THE MARKET    58
4.2    AGRICULTURAL MICRONUTRIENTS MARKET: GROWTH RATE OF MAJOR REGIONAL SUBMARKETS    59
FIGURE 19    VIETNAM PROJECTED TO BE THE FASTEST-GROWING MARKET FOR AGRICULTURAL MICRONUTRIENTS DURING THE FORECAST PERIOD    59
4.3    ASIA PACIFIC: AGRICULTURAL MICRONUTRIENTS MARKET, BY KEY TYPE & COUNTRY    60
FIGURE 20    CHINA ACCOUNTED FOR THE LARGEST SHARE IN THE ASIA PACIFIC MARKET IN 2022    60
4.4    AGRICULTURAL MICRONUTRIENTS MARKET, BY TYPE    61
FIGURE 21    MOLYBDENUM TO DOMINATE THE AGRICULTURAL MICRONUTRIENTS MARKET DURING THE FORECAST PERIOD    61
4.5    AGRICULTURAL MICRONUTRIENTS MARKET, BY CROP TYPE    61
FIGURE 22    FRUITS & VEGETABLES IS PROJECTED TO DOMINATE THE MARKET FOR AGRICULTURAL MICRONUTRIENTS DURING THE FORECAST PERIOD    61
4.6    AGRICULTURAL MICRONUTRIENTS MARKET, BY MODE OF APPLICATION    62
FIGURE 23    ASIA PACIFIC TO DOMINATE ALL MODES OF APPLICATION OF AGRICULTURAL MICRONUTRIENTS IN 2022    62
5    MARKET OVERVIEW    63
5.1    INTRODUCTION    63
5.2    MARKET DYNAMICS    63
FIGURE 24    AGRICULTURAL MICRONUTRIENTS MARKET DYNAMICS    64
5.2.1    DRIVERS    64
5.2.1.1    Increase in micronutrient deficiency in soil    64
5.2.1.2    Rise in focus on crop production and quality    65
5.2.1.3    Supporting policies from the government    65
5.2.2    RESTRAINTS    65
5.2.2.1    Booming organic fertilizer industry    65
5.2.2.2    Bio-accumulation of non-biodegradable chelates    66
5.2.3    OPPORTUNITIES    66
5.2.3.1    Development of biodegradable chelates    66
5.2.4    CHALLENGES    66
5.2.4.1    Poor awareness among the developing regions regarding the benefits of micronutrients    66
5.2.4.2    Need for sustainable sourcing of raw materials    67
5.3    MACROECONOMIC INDICATORS    67
5.3.1    DECREASE IN ARABLE LAND AROUND THE GLOBE    67
FIGURE 25    GLOBAL DECREASE IN PER CAPITA ARABLE LANDS, 1960–2050 (HA)    68
5.3.2    GROWTH IN PRODUCTION OF HIGH-VALUE CROPS    68
FIGURE 26    AREA HARVESTED, BY CROP TYPE, 2014–2020 (HA)    68
5.3.3    RISE IN IMPORTANCE OF MICRONUTRIENTS IN HUMAN CONSUMPTION    69
5.4    IMPACT OF COVID-19 ON MARKET DYNAMICS    69
5.4.1    IMPACT OF COVID-19 ON FERTILIZER IMPORTATION AND SUPPLY CHAIN    69
5.4.2    IMPACT OF COVID-19 ON SOIL FERTILITY AND FERTILIZER APPLICATION    70
5.4.3    IMPACT OF COVID-19 ON SOIL FERTILITY AND FERTILIZER APPLICATION    70
5.5    TRENDS & DISRUPTIONS IMPACTING CONSUMERS’ BUSINESSES    71
FIGURE 27    REVENUE SHIFT FOR THE AGRICULTURAL MICRONUTRIENTS MARKET    71
5.6    PRICING ANALYSIS    71
FIGURE 28    GLOBAL AGRICULTURAL MICRONUTRIENTS MARKET AVERAGE SELLING PRICE (ASP), BY REGION, 2018–2021 (USD/TON)    72
FIGURE 29    GLOBAL AGRICULTURAL MICRONUTRIENTS MARKET AVERAGE SELLING PRICE (ASP), BY TYPE, 2018–2021 (USD/TON)    72
5.7    VALUE CHAIN ANALYSIS    73
FIGURE 30    AGRICULTURAL MICRONUTRIENTS MARKET: VALUE CHAIN ANALYSIS    73
5.7.1    RESEARCH & DEVELOPMENT    73
5.7.2    REGISTRATION    73
5.7.3    FORMULATION & MANUFACTURING    74
5.7.4    DISTRIBUTION, MARKETING & SALES, AND POST-SALE SERVICES    74
5.8    MARKET ECOSYSTEM/MARKET MAP    74
FIGURE 31    AGRICULTURAL MICRONUTRIENTS MARKET: PRODUCT R&D AND PRODUCTION ARE VITAL COMPONENTS OF THE SUPPLY CHAIN    75
TABLE 5    FERTILIZERS MARKET: SUPPLY CHAIN (ECOSYSTEM)    75
FIGURE 32    AGRICULTURAL MICRONUTRIENTS MARKET MAP    76

5.9    TECHNOLOGY ANALYSIS    76
5.9.1    NEW ENVIRONMENTALLY FRIENDLY BIO-BASED MICRONUTRIENT FERTILIZER BY BIOSORPTION    76
5.9.2    PRECISION TECHNOLOGY IN FERTILIZER APPLICATION    77
5.10    PATENT ANALYSIS    77
FIGURE 33    AGRICULTURAL MICRONUTRIENTS MARKET: INCREASE IN PATENT GRANTS, 2010–2021    77
TABLE 6    AGRICULTURAL MICRONUTRIENTS MARKET: KEY APPLICANTS FOR MICRONUTRIENT FERTILIZERS, 2018–2021    78
TABLE 7    LIST OF IMPORTANT PATENTS FOR MICRONUTRIENTS, 2018–2020    78
5.11    TRADE ANALYSIS    79
5.11.1    IMPORT ANALYSIS    79
FIGURE 34    AGRICULTURAL MICRONUTRIENTS MARKET: IMPORT VALUE,
2017-2020 (USD THOUSAND)    79
5.11.2    EXPORT ANALYSIS    80
FIGURE 35    AGRICULTURAL MICRONUTRIENTS MARKET: EXPORT VALUE,
2017-2020 (USD THOUSAND)    80
5.12    KEY CONFERENCES AND EVENTS    80
TABLE 8    LIST OF CONFERENCES & EVENTS ON MICRONUTRIENTS, 2021    80
5.13    TARIFF & REGULATORY LANDSCAPE    81
5.13.1    NORTH AMERICA    81
5.13.1.1    US    81
5.13.2    ASIA PACIFIC    82
5.13.2.1    Australia    82
5.13.2.2    China    82
5.13.3    SOUTH AFRICA    82
5.14    PORTER’S FIVE FORCES ANALYSIS    83
TABLE 9    AGRICULTURAL MICRONUTRIENTS MARKET: PORTER’S FIVE FORCES ANALYSIS    83
5.14.1    THREAT OF NEW ENTRANTS    83
5.14.2    THREAT OF NEW SUBSTITUTES    83
5.14.3    BARGAINING POWER OF SUPPLIERS    83
5.14.4    BARGAINING POWER OF BUYERS    84
5.14.5    INTENSITY OF COMPETITIVE RIVALRY    84
5.15    CASE STUDIES    85
5.15.1    NEW ENVIRONMENT-FRIENDLY FERTILIZER INCREASED THE BIOAVAILABILITY OF MICRONUTRIENTS    85
5.15.2    SOIL MICRONUTRIENT AVAILABILITY IN GRONINGEN, NETHERLANDS    85
6    AGRICULTURAL MICRONUTRIENTS MARKET, BY TYPE    86
6.1    INTRODUCTION    87
FIGURE 36    MOLYBDENUM PROJECTED TO DOMINATE THE AGRICULTURAL MICRONUTRIENTS MARKET DURING THE FORECAST PERIOD    87
TABLE 10    AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (USD MILLION)    88
TABLE 11    AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (USD MILLION)    88
6.1.1    COVID-19 IMPACT ON THE AGRICULTURAL MICRONUTRIENTS MARKET,
BY TYPE    89
6.1.1.1    Optimistic Scenario    89
TABLE 12    OPTIMISTIC SCENARIO: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY TYPE, 2019–2022 (USD MILLION)    89
6.1.1.2    Realistic Scenario    89
TABLE 13    REALISTIC SCENARIO: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY TYPE, 2019–2022 (USD MILLION)    89
6.1.1.3    Pessimistic Scenario    90
TABLE 14    PESSIMISTIC SCENARIO: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2019–2022 (USD MILLION)    90
6.2    ZINC    90
6.2.1    ZINC-BASED FERTILIZER DEMAND IS STABLE IN THE MARKET AS IT IS A SCARCE NUTRIENT    90
TABLE 15    ZINC-BASED AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION)    91
TABLE 16    ZINC-BASED AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)    91
6.3    BORON    92
6.3.1    COMPLEX SOIL CONDITIONS AND PLANT PHYSIOLOGIES MAKE IT DIFFICULT TO MANAGE BORON SUPPLEMENTATION    92
FIGURE 37    GLOBAL BORON PRODUCTION RATES, 2020    92
TABLE 17    BORON-BASED AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION)    92
TABLE 18    BORON: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)    93
6.4    IRON    93
6.4.1    UNABSORBABLE EXISTENT FORM OF IRON FUELS DEMAND IN THE AGRICULTURAL SECTOR    93
TABLE 19    IRON-BASED AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION)    94
TABLE 20    IRON-BASED AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)    94
6.5    MOLYBDENUM    95
6.5.1    DEMAND FOR MOLYBDENUM TO BE HIGHER AMONG THE FARMERS UNDERTAKING LEGUMINOUS CROPS    95
TABLE 21    MOLYBDENUM-BASED AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY REGION, 2017–2021 (USD MILLION)    95
TABLE 22    MOLYBDENUM-BASED AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY REGION, 2022–2027 (USD MILLION)    95
6.6    COPPER    96
6.6.1    COPPER HAS A MAJOR ROLE IN CARBOHYDRATE AND NITROGEN METABOLISM    96
TABLE 23    COPPER-BASED AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY REGION, 2017–2021 (USD MILLION)    96
TABLE 24    COPPER-BASED AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY REGION, 2022–2027 (USD MILLION)    96
6.7    MANGANESE    97
6.7.1    IRREGULAR DEPOSITS OF MANGANESE ACROSS REGIONS FUEL DEMAND IN REGIONS EXPERIENCING A DEFICIT    97
TABLE 25    MANGANESE-BASED AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY REGION, 2017–2021 (USD MILLION)    97
TABLE 26    MANGANESE: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)    98
6.8    OTHER TYPES    98
TABLE 27    OTHER AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY REGION,
2017–2021 (USD MILLION)    99
TABLE 28    OTHER AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY REGION,
2022–2027 (USD MILLION)    99
7    AGRICULTURAL MICRONUTRIENTS MARKET, BY CROP TYPE    100
7.1    INTRODUCTION    101
FIGURE 38    AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY CROP TYPE,
2022 VS. 2027 (USD MILLION)    101
TABLE 29    AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY CROP TYPE,
2017–2021 (USD MILLION)    102
TABLE 30    AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY CROP TYPE,
2022–2027 (USD MILLION)    102
7.1.1    COVID-19 IMPACT ON THE AGRICULTURAL MICRONUTRIENTS MARKET,
BY CROP TYPE    103
7.1.1.1    Optimistic Scenario    103
TABLE 31    OPTIMISTIC SCENARIO: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY CROP TYPE, 2019–2022 (USD MILLION)    103
7.1.1.2    Realistic Scenario    103
TABLE 32    REALISTIC SCENARIO: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY CROP TYPE, 2019–2022 (USD MILLION)    103
7.1.1.3    Pessimistic Scenario    104
TABLE 33    PESSIMISTIC SCENARIO: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY CROP TYPE, 2019–2022 (USD MILLION)    104
7.2    CEREALS & GRAINS    104
7.2.1    MICRONUTRIENT DEFICIENCIES IN MAJOR STAPLE CROPS TO DRIVE MARKET    104
7.2.1.1    Corn    104
7.2.1.2    Wheat    105
7.2.1.3    Rice    105
7.2.1.4    Other cereals & grains    105
TABLE 34    AGRICULTURAL MICRONUTRIENTS MARKET SIZE IN CEREALS & GRAINS,
BY REGION, 2017–2021 (USD MILLION)    106
TABLE 35    AGRICULTURAL MICRONUTRIENTS MARKET SIZE IN CEREALS & GRAINS,
BY REGION, 2022–2027 (USD MILLION)    106
TABLE 36    CEREALS & GRAINS: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY SUBTYPE, 2017–2021 (USD MILLION)    107
TABLE 37    CEREALS & GRAINS: AGRICULTURAL MICRONUTRIENTS MARKET SIZE ,
BY SUBTYPE, 2022–2027 (USD MILLION)    107
7.3    FRUITS & VEGETABLES    108
7.3.1    CONCERN REGARDING BALANCED NUTRITION TO DRIVE APPLICATION IN FRUITS AND VEGETABLES    108
TABLE 38    AGRICULTURAL MICRONUTRIENTS MARKET SIZE IN FRUITS & VEGETABLES, BY REGION, 2017–2021 (USD MILLION)    108
TABLE 39    AGRICULTURAL MICRONUTRIENTS MARKET SIZE IN FRUITS & VEGETABLES, BY REGION, 2022–2027 (USD MILLION)    109
7.4    OILSEEDS & PULSES    109
7.4.1    RISE IN DEMAND FROM THE FEED INDUSTRY FOR OILSEEDS TO PROMOTE THE APPLICATION OF MICRONUTRIENTS    109
7.4.1.1    Soybean    110
7.4.1.2    Canola    110
7.4.1.3    Other oilseeds & pulses    110
TABLE 40    AGRICULTURAL MICRONUTRIENTS MARKET SIZE IN OILSEEDS & PULSES,
BY REGION, 2017–2021 (USD MILLION)    111
TABLE 41    AGRICULTURAL MICRONUTRIENTS MARKET SIZE IN OILSEEDS & PULSES,
BY REGION, 2022–2027 (USD MILLION)    111
TABLE 42    OILSEEDS & PULSES: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY SUBTYPE, 2017–2021 (USD MILLION)    111
TABLE 43    OILSEEDS & PULSES: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY SUBTYPE, 2022–2027 (USD MILLION)    112
7.5    OTHER TYPES    112
TABLE 44    AGRICULTURAL MICRONUTRIENTS MARKET SIZE IN OTHER CROP TYPES,
BY REGION, 2017–2021 (USD MILLION)    112
TABLE 45    AGRICULTURAL MICRONUTRIENTS MARKET SIZE IN OTHER CROP TYPES,
BY REGION, 2022–2027 (USD MILLION)    113
8    AGRICULTURAL MICRONUTRIENTS MARKET, BY FORM    114
8.1    INTRODUCTION    115
FIGURE 39    NON-CHELATED SEGMENT PROJECTED TO DOMINATE THE AGRICULTURAL MICRONUTRIENTS MARKET DURING THE FORECAST PERIOD    115
TABLE 46    AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY FORM,
2017–2021 (USD MILLION)    115
TABLE 47    AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY FORM,
2022–2027 (USD MILLION)    116
8.1.1    COVID-19 IMPACT ON THE AGRICULTURAL MICRONUTRIENTS MARKET,
BY FORM    116
8.1.1.1    Optimistic Scenario    116
TABLE 48    OPTIMISTIC SCENARIO: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY FORM, 2019–2022 (USD MILLION)    116
8.1.1.2    Realistic Scenario    116
TABLE 49    REALISTIC SCENARIO: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY FORM, 2019–2022 (USD MILLION)    116
8.1.1.3    Pessimistic Scenario    117
TABLE 50    PESSIMISTIC SCENARIO: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY FORM, 2019–2022 (USD MILLION)    117
8.2    CHELATED MICRONUTRIENTS    117
8.2.1    HIGHER BIOAVAILABILITY OF MICRONUTRIENTS DRIVES ADOPTION OF CHELATED MICRONUTRIENTS    117
TABLE 51    CHELATED AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION)    117
TABLE 52    CHELATED AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)    118
TABLE 53    CHELATED AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (USD MILLION)    118
TABLE 54    CHELATED AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (USD MILLION)    119
8.2.1.1    Ethylene Diamine-tetra-acetic acid (EDTA)    119
TABLE 55    EDTA-BASED AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION)    119
TABLE 56    EDTA-BASED AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)    120
8.2.1.2    Ethlyenediamine Di-2-Hydroxyphenyl Acetate (EDDHA)    120
TABLE 57    EDDHA-BASED AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION)    120
TABLE 58    EDDHA-BASED AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)    121
8.2.1.3    Diethylene-triamine penta-acetic acid (DTPA)    121
TABLE 59    DTPA-BASED AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION)    121
TABLE 60    DTPA-BASED AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)    122
8.2.1.4    Iminodisuccinic Acid (IDHA)    122
TABLE 61    IDHA-BASED AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION)    122
TABLE 62    IDHA-BASED AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)    123
8.2.1.5    Other Chelated Micronutrients    123
TABLE 63    OTHER CHELATED AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY REGION, 2017–2021 (USD MILLION)    124
TABLE 64    OTHER CHELATED MICRONUTRIENTS MARKET SIZE, BY REGION,
2022–2027 (USD MILLION)    124
8.3    NON-CHELATED MICRONUTRIENTS    124
8.3.1    CHEAPER RATES OF NON-CHELATED MICRONUTRIENTS TO DRIVE PREFERENCE    124
TABLE 65    NON-CHELATED MICRONUTRIENTS MARKET SIZE, BY REGION,
2017–2021 (USD MILLION)    125
TABLE 66    NON-CHELATED MICRONUTRIENTS MARKET SIZE, BY REGION,
2022–2027 (USD MILLION)    125
9    AGRICULTURAL MICRONUTRIENTS MARKET, BY MODE OF APPLICATION    126
9.1    INTRODUCTION    127
FIGURE 40    AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY MODE OF APPLICATION, 2022 VS. 2027 (USD MILLION)    128
TABLE 67    AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY MODE OF APPLICATION, 2017–2021 (USD MILLION)    128
TABLE 68    AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY MODE OF APPLICATION, 2022–2027 (USD MILLION)    129
9.1.1    COVID-19 IMPACT ON THE AGRICULTURAL MICRONUTRIENTS MARKET,
BY MODE OF APPLICATION    129
9.1.1.1    Optimistic Scenario    129
TABLE 69    OPTIMISTIC SCENARIO: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY MODE OF APPLICATION, 2019–2022 (USD MILLION)    129
9.1.1.2    Realistic Scenario    130
TABLE 70    REALISTIC SCENARIO: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY MODE OF APPLICATION, 2019–2022 (USD MILLION)    130
9.1.1.3    Pessimistic Scenario    130
TABLE 71    PESSIMISTIC SCENARIO: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY MODE OF APPLICATION, 2019–2022 (USD MILLION)    130
9.2    SOIL    130
9.2.1    REDUCED COST AND UNIFORM DISTRIBUTION OF MICRONUTRIENTS TO PROMOTE SOIL MODE OF APPLICATION    130
TABLE 72    SOIL APPLICATION MARKET SIZE, BY REGION, 2017–2021 (USD MILLION)    131
TABLE 73    SOIL APPLICATION MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)    131
9.3    FOLIAR    132
9.3.1    LOW RATES OF APPLICATION AND IMMEDIATE RESPONSE TO APPLIED NUTRIENTS TO DRIVE FOLIAR APPLICATION    132
TABLE 74    FOLIAR APPLICATION MARKET SIZE, BY REGION, 2017–2021 (USD MILLION)    132
TABLE 75    FOLIAR APPLICATION MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)    133
9.4    FERTIGATION    133
9.4.1    IMPROVED NUTRIENT USE EFFICIENCY TO DRIVE THE FERTIGATION APPLICATION    133
TABLE 76    FERTIGATION APPLICATION MARKET SIZE, BY REGION,
2017–2021 (USD MILLION)    133
TABLE 77    FERTIGATION APPLICATION MARKET SIZE, BY REGION,
2022–2027 (USD MILLION)    134
9.5    OTHER MODES OF APPLICATION    134
TABLE 78    OTHER MODES OF APPLICATION MARKET SIZE, BY REGION,
2017–2021 (USD MILLION)    134
TABLE 79    OTHER MODES OF APPLICATION MARKET SIZE, BY REGION,
2022–2027 (USD MILLION)    135
10    AGRICULTURAL MICRONUTRIENTS MARKET, BY REGION    136
10.1    INTRODUCTION    137
FIGURE 41    REGIONAL SNAPSHOT: NEW HOTSPOTS TO EMERGE IN THE ASIA PACIFIC, 2022–2027    137
TABLE 80    AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY REGION,
2017–2021 (USD MILLION)    138
TABLE 81    AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY REGION,
2022–2027 (USD MILLION)    138
10.1.1    COVID-19 IMPACT ON THE AGRICULTURAL MICRONUTRIENTS MARKET,
BY REGION    139
10.1.1.1    Optimistic Scenario    139
TABLE 82    OPTIMISTIC SCENARIO: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY REGION, 2019–2022 (USD MILLION)    139
10.1.1.2    Realistic Scenario    139
TABLE 83    REALISTIC SCENARIO: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY REGION, 2019–2022 (USD MILLION)    139
10.1.1.3    Pessimistic Scenario    140
TABLE 84    PESSIMISTIC SCENARIO: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY REGION, 2019–2022 (USD MILLION)    140
10.2    NORTH AMERICA    140
FIGURE 42    NORTH AMERICA: AGRICULTURAL MICRONUTRIENTS MARKET SNAPSHOT    141
TABLE 85    NORTH AMERICA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY COUNTRY, 2017–2021 (USD MILLION)    141
TABLE 86    NORTH AMERICA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY COUNTRY, 2022–2027 (USD MILLION)    142
TABLE 87    NORTH AMERICA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY COUNTRY, 2017–2021 (KT)    142
TABLE 88    NORTH AMERICA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY COUNTRY, 2022–2027 (KT)    142
TABLE 89    NORTH AMERICA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2017–2021 (USD MILLION)    143
TABLE 90    NORTH AMERICA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2022–2027 (USD MILLION)    143
TABLE 91    NORTH AMERICA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2017–2021 (KT)    144
TABLE 92    NORTH AMERICA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2022–2027 (KT)    144
TABLE 93    NORTH AMERICA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY CROP TYPE, 2017–2021 (USD MILLION)    145
TABLE 94    NORTH AMERICA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY CROP TYPE, 2022–2027 (USD MILLION)    145
TABLE 95    NORTH AMERICA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY FORM, 2017–2021 (USD MILLION)    145
TABLE 96    NORTH AMERICA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY FORM, 2022–2027 (USD MILLION)    146
TABLE 97    NORTH AMERICA: CHELATED AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY SUBTYPE, 2017–2021 (USD MILLION)    146
TABLE 98    NORTH AMERICA: CHELATED AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY SUBTYPE, 2022–2027 (USD MILLION)    146
TABLE 99    NORTH AMERICA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY MODE OF APPLICATION, 2017–2021 (USD MILLION)    147
TABLE 100    NORTH AMERICA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY MODE OF APPLICATION, 2022–2027 (USD MILLION)    147

10.2.1    US    147
10.2.1.1    Sustainable agriculture systems and stringent environmental regulations to drive the market in the US    147
TABLE 101    US: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (USD MILLION)    148
TABLE 102    US: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (USD MILLION)    149
TABLE 103    US: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (KT)    149
TABLE 104    US: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (KT)    150
10.2.2    CANADA    150
10.2.2.1    Boron and zinc deficiencies in the soil to promote application of agricultural micronutrients    150
TABLE 105    CANADA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (USD MILLION)    151
TABLE 106    CANADA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (USD MILLION)    151
TABLE 107    CANADA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (KT)    152
TABLE 108    CANADA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (KT)    152
10.2.3    MEXICO    153
10.2.3.1    Increase in government focus toward sustainable agriculture to drive demand for agricultural micronutrients    153
TABLE 109    MEXICO: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (USD MILLION)    153
TABLE 110    MEXICO: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (USD MILLION)    154
TABLE 111    MEXICO: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (KT)    154
TABLE 112    MEXICO: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (KT)    155
10.3    EUROPE    156
TABLE 113    EUROPE: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY COUNTRY, 2017–2021 (USD MILLION)    156
TABLE 114    EUROPE: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION)    157
TABLE 115    EUROPE: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY COUNTRY, 2017–2021 (KT)    157
TABLE 116    EUROPE: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY COUNTRY, 2022–2027 (KT)    158
TABLE 117    EUROPE: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (USD MILLION)    158
TABLE 118    EUROPE: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (USD MILLION)    159
TABLE 119    EUROPE: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (KT)    159
TABLE 120    EUROPE: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (KT)    160
TABLE 121    EUROPE: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY CROP TYPE, 2017–2021 (USD MILLION)    160
TABLE 122    EUROPE: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY CROP TYPE, 2022–2027 (USD MILLION)    161
TABLE 123    EUROPE: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY FORM,
2017–2021 (USD MILLION)    161
TABLE 124    EUROPE: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY FORM,
2022–2027 (USD MILLION)    161
TABLE 125    EUROPE: CHELATED AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY SUBTYPE, 2017–2021 (USD MILLION)    162
TABLE 126    EUROPE: CHELATED AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY SUBTYPE, 2022–2027 (USD MILLION)    162
TABLE 127    EUROPE: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY MODE OF APPLICATION, 2017–2021 (USD MILLION)    163
TABLE 128    EUROPE: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY MODE OF APPLICATION, 2022–2027 (USD MILLION)    163
10.3.1    FRANCE    163
10.3.1.1    Increase in organic farming practices to promote the use of agricultural micronutrients in France    163
TABLE 129    FRANCE: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (USD MILLION)    164
TABLE 130    FRANCE: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (USD MILLION)    164
TABLE 131    FRANCE: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (KT)    165
TABLE 132    FRANCE: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (KT)    165
10.3.2    GERMANY    166
10.3.2.1    Rise in demand for agricultural micronutrients due to increase in boron deficiencies in German soils    166
TABLE 133    GERMANY: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (USD MILLION)    166
TABLE 134    GERMANY: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (USD MILLION)    167
TABLE 135    GERMANY: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (KT)    167
TABLE 136    GERMANY: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (KT)    168
10.3.3    POLAND    168
10.3.3.1    Prevalence of unfertile acid soils and low content of available nutrients to drive market in Poland    168
TABLE 137    POLAND: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (USD MILLION)    169
TABLE 138    POLAND: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (USD MILLION)    169
TABLE 139    POLAND: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (KT)    170
TABLE 140    POLAND: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (KT)    170
10.3.4    SPAIN    171
10.3.4.1    High export rate of organic food products to drive the demand for agricultural micronutrients in Spain    171
TABLE 141    SPAIN: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (USD MILLION)    171
TABLE 142    SPAIN: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (USD MILLION)    172
TABLE 143    SPAIN: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (KT)    172
TABLE 144    SPAIN: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (KT)    173
10.3.5    UK    173
10.3.5.1    Adoption of the agronomic bio-fortification process to drive the demand for micronutrients in the UK    173
TABLE 145    UK: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (USD MILLION)    174
TABLE 146    UK: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (USD MILLION)    174
TABLE 147    UK: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (KT)    175
TABLE 148    UK: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (KT)    175
10.3.6    ITALY    176
10.3.6.1    Greater demand for cereals & grains in feed and food to drive the growth in Italy    176
TABLE 149    ITALY: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (USD MILLION)    176
TABLE 150    ITALY: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (USD MILLION)    177
TABLE 151    ITALY: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (KT)    177
TABLE 152    ITALY: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (KT)    178
10.3.7    REST OF EUROPE    178
TABLE 153    REST OF EUROPE: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2017–2021 (USD MILLION)    179
TABLE 154    REST OF EUROPE: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2022–2027 (USD MILLION)    179
TABLE 155    REST OF EUROPE: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2017–2021 (KT)    180
TABLE 156    REST OF EUROPE: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2022–2027 (KT)    180"
"10.4    ASIA PACIFIC    181
FIGURE 43    ASIA PACIFIC: AGRICULTURAL MICRONUTRIENTS MARKET SNAPSHOT    182
TABLE 157    ASIA PACIFIC: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY COUNTRY, 2017–2021 (USD MILLION)    183
TABLE 158    ASIA PACIFIC: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY COUNTRY, 2022–2027 (USD MILLION)    183
TABLE 159    ASIA PACIFIC: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY COUNTRY, 2017–2021 (KT)    184
TABLE 160    ASIA PACIFIC: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY COUNTRY, 2022–2027 (KT)    184
TABLE 161    ASIA PACIFIC: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2017–2021 (USD MILLION)    185
TABLE 162    ASIA PACIFIC: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2022–2027 (USD MILLION)    185
TABLE 163    ASIA PACIFIC: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2017–2021 (KT)    186
TABLE 164    ASIA PACIFIC: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2022–2027 (KT)    186
TABLE 165    ASIA PACIFIC: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY CROP TYPE, 2017–2021 (USD MILLION)    187
TABLE 166    ASIA PACIFIC: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY CROP TYPE, 2022–2027 (USD MILLION)    187
TABLE 167    ASIA PACIFIC: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY FORM, 2017–2021 (USD MILLION)    187
TABLE 168    ASIA PACIFIC: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY FORM, 2022–2027 (USD MILLION)    188
TABLE 169    ASIA PACIFIC: CHELATED AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY SUBTYPE, 2017–2021 (USD MILLION)    188
TABLE 170    ASIA PACIFIC: CHELATED AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY SUBTYPE, 2022–2027 (USD MILLION)    188
TABLE 171    ASIA PACIFIC: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY MODE OF APPLICATION, 2017–2021 (USD MILLION)    189
TABLE 172    ASIA PACIFIC: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY MODE OF APPLICATION, 2022–2027 (USD MILLION)    189
10.4.1    CHINA    189
10.4.1.1    Multiple soil nutrient deficiencies in driving the demand for agricultural micronutrients    189
TABLE 173    CHINA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (USD MILLION)    190
TABLE 174    CHINA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (USD MILLION)    190
TABLE 175    CHINA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (KT)    191
TABLE 176    CHINA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (KT)    191

10.4.2    INDIA    192
10.4.2.1    Government initiatives for restoring the micronutrient availability in the soil to drive the market    192
TABLE 177    INDIA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (USD MILLION)    192
TABLE 178    INDIA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (USD MILLION)    193
TABLE 179    INDIA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (KT)    193
TABLE 180    INDIA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (KT)    194
10.4.3    AUSTRALIA    194
10.4.3.1    Shift toward nutritionally balanced food products to promote the application of agricultural micronutrients    194
TABLE 181    AUSTRALIA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2017–2021 (USD MILLION)    195
TABLE 182    AUSTRALIA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2022–2027 (USD MILLION)    195
TABLE 183    AUSTRALIA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2017–2021 (KT)    196
TABLE 184    AUSTRALIA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2022–2027 (KT)    196
10.4.4    JAPAN    197
10.4.4.1    Cultivation of micronutrient-efficient genotypes to drive the demand for agricultural micronutrients    197
TABLE 185    JAPAN: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (USD MILLION)    197
TABLE 186    JAPAN: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (USD MILLION)    198
TABLE 187    JAPAN: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (KT)    198
TABLE 188    JAPAN: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (KT)    199
10.4.5    VIETNAM    199
10.4.5.1    High erosion rates of the soil to drive the growth of the agricultural micronutrients market    199
TABLE 189    VIETNAM: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (USD MILLION)    200
TABLE 190    VIETNAM: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (USD MILLION)    200
TABLE 191    VIETNAM: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (KT)    201
TABLE 192    VIETNAM: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (KT)    201
10.4.6    REST OF ASIA PACIFIC    202
TABLE 193    REST OF ASIA PACIFIC: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY TYPE, 2017–2021 (USD MILLION)    202
TABLE 194    REST OF ASIA PACIFIC: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY TYPE, 2022–2027 (USD MILLION)    202
TABLE 195    REST OF ASIA PACIFIC: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY TYPE, 2017–2021 (KT)    203
TABLE 196    REST OF ASIA PACIFIC: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY TYPE, 2022–2027 (KT)    203
10.5    SOUTH AMERICA    204
TABLE 197    SOUTH AMERICA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
 BY COUNTRY, 2017–2021 (USD MILLION)    204
TABLE 198    SOUTH AMERICA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY COUNTRY, 2022–2027 (USD MILLION)    205
TABLE 199    SOUTH AMERICA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY COUNTRY, 2017–2021 (KT)    205
TABLE 200    SOUTH AMERICA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY COUNTRY, 2022–2027 (KT)    205
TABLE 201    SOUTH AMERICA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2017–2021 (USD MILLION)    206
TABLE 202    SOUTH AMERICA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2022–2027 (USD MILLION)    206
TABLE 203    SOUTH AMERICA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2017–2021 (KT)    207
TABLE 204    SOUTH AMERICA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2022–2027 (KT)    207
TABLE 205    SOUTH AMERICA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY CROP TYPE, 2017–2021 (USD MILLION)    208
TABLE 206    SOUTH AMERICA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY CROP TYPE, 2022–2027 (USD MILLION)    208
TABLE 207    SOUTH AMERICA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY FORM, 2017–2021 (USD MILLION)    208
TABLE 208    SOUTH AMERICA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY FORM, 2022–2027 (USD MILLION)    209
TABLE 209    SOUTH AMERICA: CHELATED AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY SUBTYPE, 2017–2021 (USD MILLION)    209
TABLE 210    SOUTH AMERICA: CHELATED AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY SUBTYPE, 2022–2027 (USD MILLION)    209
TABLE 211    SOUTH AMERICA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY MODE OF APPLICATION, 2017–2021 (USD MILLION)    210
TABLE 212    SOUTH AMERICA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY MODE OF APPLICATION, 2022–2027 (USD MILLION)    210
10.5.1    BRAZIL    211
10.5.1.1    Demand for export of agricultural products to drive the market in Brazil    211
TABLE 213    BRAZIL: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (USD MILLION)    211
TABLE 214    BRAZIL: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (USD MILLION)    212
TABLE 215    BRAZIL: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (KT)    212
TABLE 216    BRAZIL: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (KT)    213

10.5.2    ARGENTINA    213
10.5.2.1    Growth in awareness among farmers about the benefits of micronutrients to drive market in Argentina    213
TABLE 217    ARGENTINA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2017–2021 (USD MILLION)    214
TABLE 218    ARGENTINA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2022–2027 (USD MILLION)    214
TABLE 219    ARGENTINA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2017–2021 (KT)    215
TABLE 220    ARGENTINA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2022–2027 (KT)    215
10.5.3    REST OF SOUTH AMERICA    216
TABLE 221    REST OF SOUTH AMERICA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2017–2021 (USD MILLION)    216
TABLE 222    REST OF SOUTH AMERICA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2022–2027 (USD MILLION)    216
TABLE 223    REST OF SOUTH AMERICA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2017–2021 (KT)    217
TABLE 224    REST OF SOUTH AMERICA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2022–2027 (KT)    217
10.6    REST OF THE WORLD    218
TABLE 225    ROW: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY COUNTRY,
2017–2021 (USD MILLION)    218
TABLE 226    REST OF THE WORLD: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY COUNTRY, 2022–2027 (USD MILLION)    218
TABLE 227    ROW: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY COUNTRY,
2017–2021 (KT)    219
TABLE 228    ROW: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY COUNTRY,
2022–2027 (KT)    219
TABLE 229    ROW: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (USD MILLION)    219
TABLE 230    ROW: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (USD MILLION)    220
TABLE 231    ROW: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (KT)    220
TABLE 232    ROW: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (KT)    221
TABLE 233    ROW: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY CROP TYPE, 2017–2021 (USD MILLION)    221
TABLE 234    ROW: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY CROP TYPE, 2022–2027 (USD MILLION)    222
TABLE 235    ROW: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY FORM,
2017–2021 (USD MILLION)    222
TABLE 236    ROW: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY FORM,
2022–2027 (USD MILLION)    222
TABLE 237    ROW: CHELATED AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY SUBTYPE, 2017–2021 (USD MILLION)    223
TABLE 238    ROW: CHELATED AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY SUBTYPE, 2022–2027 (USD MILLION)    223
TABLE 239    ROW: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY MODE OF APPLICATION, 2017–2021 (USD MILLION)    224
TABLE 240    ROW: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY MODE OF APPLICATION, 2022–2027 (USD MILLION)    224
10.6.1    SOUTH AFRICA    224
10.6.1.1    Depleting arable land and poor financial support result in slow market growth in South Africa    224
TABLE 241    SOUTH AFRICA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2017–2021 (USD MILLION)    225
TABLE 242    SOUTH AFRICA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2022–2027 (USD MILLION)    225
TABLE 243    SOUTH AFRICA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2017–2021 (KT)    226
TABLE 244    SOUTH AFRICA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2022–2027 (KT)    226
10.6.2    TURKEY    227
10.6.2.1    Increase in iron and zinc deficiencies drives the growth of micronutrients in Turkey    227
TABLE 245    TURKEY: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (USD MILLION)    227
TABLE 246    TURKEY: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (USD MILLION)    228
TABLE 247    TURKEY: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (KT)    228
TABLE 248    TURKEY: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (KT)    229
10.6.3    OTHERS IN ROW    229
TABLE 249    OTHERS IN ROW: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2017–2021 (USD MILLION)    230
TABLE 250    OTHERS IN ROW: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2022–2027 (USD MILLION)    230
TABLE 251    OTHERS IN ROW: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2017–2021 (KT)    231
TABLE 252    OTHERS IN ROW: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2022–2027 (KT)    231
11    COMPETITIVE LANDSCAPE    232
11.1    OVERVIEW    232
11.2    MARKET SHARE ANALYSIS    233
TABLE 253    AGRICULTURAL MICRONUTRIENTS: DEGREE OF COMPETITION, 2020    233
11.3    KEY PLAYER STRATEGIES    234
FIGURE 44    AGRICULTURAL MICRONUTRIENTS: KEY DEVELOPMENTS OF THE LEADING PLAYERS IN THE AGRICULTURAL MICRONUTRIENTS MARKET, 2018–2021    234
11.4    REVENUE ANALYSIS OF KEY PLAYERS    235
FIGURE 45    REVENUE ANALYSIS OF KEY PLAYERS IN THE MARKET,
2018–2020 (USD MILLION)    235

11.5    COVID-19-SPECIFIC COMPANY RESPONSE    236
11.5.1    YARA INTERNATIONAL ASA    236
11.5.2    NUTRIEN LTD    236
11.5.3    THE MOSAIC COMPANY    236
11.6    COMPANY EVALUATION QUADRANT (KEY PLAYERS)    237
11.6.1    DYNAMIC DIFFERENTIATORS    237
11.6.2    INNOVATORS    237
11.6.3    VISIONARY LEADERS    237
11.6.4    EMERGING COMPANIES    237
FIGURE 46    AGRICULTURAL MICRONUTRIENTS MARKET: COMPETITIVE LEADERSHIP MAPPING, 2021    238
11.7    START-UP/SME EVALUATION QUADRANT    239
11.7.1    PROGRESSIVE COMPANIES    239
11.7.2    STARTING BLOCKS    239
11.7.3    RESPONSIVE COMPANIES    239
11.7.4    DYNAMIC COMPANIES    239
FIGURE 47    AGRICULTURAL MICRONUTRIENTS MARKET: COMPETITIVE LEADERSHIP MAPPING FOR SMES/START-UPS, 2016–2021    240
11.8    PRODUCT FOOTPRINT    241
TABLE 254    AGRICULTURAL MICROBIALS: COMPANY PRODUCT TYPE FOOTPRINT    241
TABLE 255    AGRICULTURAL MICROBIALS: COMPANY APPLICATION FOOTPRINT    242
TABLE 256    AGRICULTURAL MICROBIALS: COMPANY REGIONAL FOOTPRINT    243
11.9    COMPETITIVE SCENARIO    244
11.9.1    NEW PRODUCT LAUNCHES    244
TABLE 257    NEW PRODUCT LAUNCHES, 2017–2021    244
11.9.2    DEALS    245
TABLE 258    DEALS, 2018–2022    245
11.9.3    OTHERS    249
TABLE 259    OTHERS, 2017–2019    249
12    COMPANY PROFILES    250
(Business overview, Products offered, Recent Developments, Right to win)*
12.1    BASF SE    250
TABLE 260    BASF SE: BUSINESS OVERVIEW    250
FIGURE 48    BASF SE: COMPANY SNAPSHOT    251
TABLE 261    BASF SE: DEALS    252
TABLE 262    BASF SE: OTHERS    252
12.2    AKZONOBEL (NOURYON)    254
TABLE 263    AKZONOBEL: BUSINESS OVERVIEW    254
FIGURE 49    AKZONOBEL: COMPANY SNAPSHOT    254
TABLE 264    AKZONOBEL: DEALS    255
TABLE 265    AKZONOBEL: OTHERS    255

12.3    NUTRIEN LTD.    257
TABLE 266    NUTRIEN LTD.: BUSINESS OVERVIEW    257
FIGURE 50    NUTRIEN LTD: COMPANY SNAPSHOT    258
TABLE 267    NUTRIEN LTD. : DEALS    259
12.4    NUFARM    261
TABLE 268    NUFARM LTD.: BUSINESS OVERVIEW    261
FIGURE 51    NUFARM: COMPANY SNAPSHOT    262
12.5    YARA INTERNATIONAL ASA    264
TABLE 269    YARA INTERNATIONAL: BUSINESS OVERVIEW    264
FIGURE 52    YARA INTERNATIONAL ASA: COMPANY SNAPSHOT    265
TABLE 270    YARA INTERNATIONAL : DEALS    266
TABLE 271    YARA INTERNATIONAL : OTHERS    267
12.6    COROMANDEL INTERNATIONAL LTD    268
TABLE 272    COROMANDEL INTERNATIONAL LTD: BUSINESS OVERVIEW    268
12.7    LAND O’ LAKES    270
TABLE 273    LAND 0’ LAKES: BUSINESS OVERVIEW    270
FIGURE 54    LAND O’ LAKES: COMPANY SNAPSHOT    270
TABLE 274    LAND 0’ LAKES: DEALS    272
12.8    HELENA CHEMICAL COMPANY    273
TABLE 275    HELENA CHEMICAL COMPANY: BUSINESS OVERVIEW    273
12.9    THE MOSAIC COMPANY    275
TABLE 276    THE MOSAIC COMPANY: BUSINESS OVERVIEW    275
FIGURE 55    THE MOSAIC COMPANY: COMPANY SNAPSHOT    276
TABLE 277    THE MOSAIC COMPANY: NEW PRODUCT LAUNCHES    277
TABLE 278    THE MOSAIC COMPANY:MARKET: DEALS    277
TABLE 279    THE MOSAIC COMPANY:MARKET: OTHERS    278
12.10    HAIFA GROUP    279
TABLE 280    HAIFA GROUP: BUSINESS OVERVIEW    279
TABLE 281    HAIFA GROUP: NEW PRODUCT LAUNCHES    280
TABLE 282    HAIFA GROUP: DEALS    280
TABLE 283    HAIFA GROUP: OTHERS    281
12.11    SAPEC S.A.    282
TABLE 284    SAPEC S.A.: BUSINESS OVERVIEW    282
12.12    COMPASS MINERALS INTERNATIONAL    283
TABLE 285    COMPASS MINERALS INTERNATIONAL: BUSINESS OVERVIEW    283
FIGURE 56    COMPASS MINERALS INTERNATIONAL: COMPANY SNAPSHOT    284
TABLE 286    COMPASS MINERALS INTERNATIONAL:: NEW PRODUCT LAUNCHES    285
TABLE 287    COMPASS MINERALS INTERNATIONAL: DEALS    285
TABLE 288    COMPASS MINERALS INTERNATIONAL: OTHERS    286
12.13    VALAGRO    287
TABLE 289    VALAGRO: BUSINESS OVERVIEW    287
TABLE 290    VALAGRO:DEALS    288
TABLE 291    VALAGRO:OTHERS    288
12.14    ZUARI AGROCHEMICALS LTD    289
TABLE 292    ZUARI AGROCHEMICALS LTD: BUSINESS OVERVIEW    289
FIGURE 57    ZUARI AGROCHEMICALS LTD: COMPANY SNAPSHOT    289
12.15    STOLLER ENTERPRISES INC    291
TABLE 293    STOLLER ENTERPRISES INC: BUSINESS OVERVIEW    291
12.16    BALCHEM    292
TABLE 294    BALCHEM: BUSINESS OVERVIEW    292
FIGURE 58    BALCHEM: COMPANY SNAPSHOT    292
12.17    ATP NUTRITION    294
TABLE 295    ATP NUTRITION: BUSINESS OVERVIEW    294
12.18    BAICOR LC    295
TABLE 296    BAICOR LC: BUSINESS OVERVIEW    295
12.19    CORTEVA INC    296
TABLE 297    CORTEVA INC: BUSINESS OVERVIEW    296
FIGURE 59    CORTEVA INC: COMPANY SNAPSHOT    296
12.20    BMS MICRONUTRIENTS NV    298
TABLE 298    BMS MICRONUTRITION NV: BUSINESS OVERVIEW    298
*Details on Business overview, Products offered, Recent Developments, Right to win might not be captured in case of unlisted companies.
13    ADJACENT & RELATED MARKETS    299
13.1    INTRODUCTION    299
TABLE 299    ADJACENT MARKETS FOR AGRICULTURAL MICRONUTRIENTS    299
13.2    LIMITATIONS    299
13.3    AGRICULTURAL CHELATES MARKET    300
13.3.1    MARKET DEFINITION    300
13.3.2    MARKET OVERVIEW    300
13.4    AGRICULTURAL CHELATES MARKET, BY TYPE    300
13.4.1    INTRODUCTION    300
TABLE 300    AGRICULTURAL CHELATES MARKET SIZE, BY TYPE,
2017–2025 (USD MILLION)    300
13.5    AGRICULTURAL CHELATES MARKET, BY REGION    301
13.5.1    INTRODUCTION    301
TABLE 301    AGRICULTURAL CHELATES MARKET SIZE, BY REGION,
2017–2025 (USD MILLION)    301
14    APPENDIX    302
14.1    DISCUSSION GUIDE    302
14.2    KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL    306
14.3    AVAILABLE CUSTOMIZATIONS    308
14.4    RELATED REPORTS    308
14.5    AUTHOR DETAILS    309"