Agricultural Micronutrients Market by Type (Zinc, Boron, Iron, Manganese, Molybdenum, and Copper), Mode of Application (Soil, Foliar, and Fertigation), Form (Chelated and Non-Chelated micronutrients), Crop Type and Region - Global Forecast to 2027

Abstract
The global market for agricultural micronutrients is estimated at USD 4.3 Billion in 2022; it is projected to grow at a CAGR of 8.6% to reach USD 6.4 Billion by 2027. Factors such as an increase in micronutrient deficiency in soils, demand for high crop production and quality, increasing food security concern, and supporting government policies are projected to drive the growth of this market.

The zinc segment, is accounted for the highest share by type in the agricultural micronutrients market throughout the forecasted period

Zinc is one of the most essential micronutrients required by plants in small quantities. Sandy soil, highly leached acid soil and soils having poor organic content, show low zinc contents. The symptoms of zinc deficiency include reduced height, interveinal chlorosis, and brown spots on upper leaves. Zinc deficiency is the most common problem witnessed globally, mainly for cereals and grains, hence the demand for zinc as a micronutrient is high in the agricultural micronutrients market

The fruits & vegetables segment by crop type is estimated to account for the largest market share in the global agricultural micronutrients market

Agricultural micronutrients are gaining importance among the fruits & vegetable growers because of their beneficial nutritional support and at the same time, ensure better harvest and returns. Zinc deficiency commonly affects fruits such as banana, custard apple and mangoes. In citrus production, the molybdenum deficiency called as yellow spot is commonly observed. Hence proper plant nutrition is essential for the proper growth of fruits & vegetables globally

Foliar application segment, by mode of application is projected to be the largest segment in the agricultural micronutrients market during the forecast period.

Foliar mode of application is widely used for the application of micronutrients, particularly iron and manganese, for various crops. It is mostly used for fruits, vegetables, and flower crops. Foliar sprays are advantageous to meet the internal demand of micronutrients during flowering when soil moisture and temperature is not favorable for growth of the crop.

For micronutrients to be applied in extremely smaller quantities, foliar sprays give an advantage of ease of application as compared to soil and fertigation. All these reasons make it the largest segment in the market

Non-chelated application segment, by form is projected to be the largest segment in the agricultural micronutrients market during the forecast period.

Non-chelated micronutrients are more widely used than chelated ones, as they are easily available and inexpensive. These micronutrients are marketed in the form of sulfates, such as zinc sulfate, iron sulfate, and copper sulfate. However, there is an increasing awareness among farmers about the benefits of chelated micronutrients, as they offer enhanced nutrient efficiency and improved absorption as compared to non-chelated micronutrients

Break-up of Primaries
•By Company Type: Tier 1- 30%, Tier 2 - 30%, and Tier 3 -40%
•By Designation: C-level - 40%, Director level - 25%, and Others* - 35%
•By Region: Asia Pacific - 40%, North America - 16%, Europe - 30%, Rest of the World (RoW) - 14%
*Others include sales managers, marketing managers, and product managers.

Leading players profiled in this report
•BASF SE (Germany)
•Nutrien, Ltd. (Canada)
•Yara International ASA (Norway)
•AkzoNobel (Netherlands)
•The Mosaic Company (US)
•Nufarm (Australia)
•Corteva Inc. (US)
•Balchem (US)
•Sapec S.A. (Belgium)
•Coromandel International Ltd (India)
•Land O’ Lakes (US)
•Compass Minerals International (US)
• Haifa Group (Israel)
•Helena Chemical Company (US)
•ATP Nutrition (Canada)
•Stoller Enterprises (US)
•Baicor LC (US)
•Valagro (Italy)
•Zuari Agrochemicals Ltd. (India)
•BMS-Micro-Nutrient NV (Belgium)

Research Coverage
This report segments the agricultural micronutrients market based on type, crop type, form, mode of application, and region. In terms of insights, this research report focuses on various levels of analyses—competitive landscape, end-use analysis, and company profiles—which together comprise and discuss the basic views on the emerging & high-growth segments of the agricultural micronutrients market, the high-growth regions, countries, government initiatives, market disruption, drivers, restraints, opportunities, and challenges.

Reasons to buy this report
•To get a comprehensive overview of the agricultural micronutrients market
•To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them
•To gain insights about the major countries/regions, in which the agricultural micronutrients market is flourishing

Content
Table of Contents

1INTRODUCTION29
1.1OBJECTIVES OF THE STUDY29
1.2MARKET DEFINITION30
TABLE 1INCLUSIONS AND EXCLUSIONS PERTAINING TO THE AGRICULTURAL MICRONUTRIENTS MARKET30
1.3STUDY SCOPE31
FIGURE 1AGRICULTURAL MICRONUTRIENTS MARKET SEGMENTATION31
1.3.1REGIONAL SEGMENTATION32
1.4PERIODIZATION CONSIDERED32
1.5CURRENCY CONSIDERED33
TABLE 2USD EXCHANGE RATES, 2018–2022133
1.6UNIT CONSIDERED33
1.7STAKEHOLDERS34
1.8SUMMARY OF CHANGES34
1.8.1AGRICULTURAL MICRONUTRIENTS MARKET – GLOBAL FORECAST TO 202735
2RESEARCH METHODOLOGY36
2.1RESEARCH DATA36
FIGURE 2AGRICULTURAL MICRONUTRIENTS MARKET: RESEARCH DESIGN CHART36
2.1.1SECONDARY DATA37
2.1.1.1Key data from secondary sources37
2.1.2PRIMARY DATA38
TABLE 3KEY DATA FROM PRIMARY SOURCES38
FIGURE 3EXPERT INSIGHTS39
2.1.2.1Breakdown of primary interviews39
FIGURE 4BREAKDOWN OF PRIMARY INTERVIEWS: BY VALUE CHAIN, DESIGNATION, AND REGION39
2.2MARKET SIZE ESTIMATION40
2.2.1BOTTOM-UP APPROACH41
FIGURE 5MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH41
2.2.2TOP-DOWN APPROACH42
FIGURE 6MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH42
2.3DATA TRIANGULATION43
FIGURE 7DATA TRIANGULATION METHODOLOGY43
2.4ASSUMPTIONS FOR THE STUDY44
2.5LIMITATIONS OF THE STUDY44
2.6SCENARIO-BASED MODELING45
2.7COVID-19 HEALTH ASSESSMENT45
FIGURE 8COVID-19: GLOBAL PROPAGATION45
FIGURE 9COVID-19 PROPAGATION: SELECT COUNTRIES46
2.8COVID-19 ECONOMIC ASSESSMENT46
FIGURE 10REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR SELECT G20 COUNTRIES IN 202047
2.8.1COVID-19 ECONOMIC IMPACT—SCENARIO ASSESSMENT47
FIGURE 11CRITERIA IMPACTING THE GLOBAL ECONOMY48
FIGURE 12SCENARIOS IN TERMS OF RECOVERY OF THE GLOBAL ECONOMY49
3EXECUTIVE SUMMARY51
TABLE 4AGRICULTURAL MICRONUTRIENTS MARKET SNAPSHOT, 2022 VS. 202752
FIGURE 13AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022 VS. 2027 (USD MILLION)53
FIGURE 14AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY CROP TYPE,
2022 VS. 2027 (USD MILLION)54
FIGURE 15AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY FORM,
2022 VS. 2027 (USD MILLION)55
FIGURE 16AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY MODE OF APPLICATION, 2022 VS. 2027 (USD MILLION)56
FIGURE 17AGRICULTURAL MICRONUTRIENTS MARKET SHARE (VALUE),
BY REGION, 202157
4PREMIUM INSIGHTS58
4.1ATTRACTIVE OPPORTUNITIES IN THE AGRICULTURAL MICRONUTRIENTS MARKET58
FIGURE 18INCREASE IN THE MICRONUTRIENT DEFICIENCY IN SOIL ACROSS THE GLOBE IS EXPECTED TO PROPEL THE MARKET58
4.2AGRICULTURAL MICRONUTRIENTS MARKET: GROWTH RATE OF MAJOR REGIONAL SUBMARKETS59
FIGURE 19VIETNAM PROJECTED TO BE THE FASTEST-GROWING MARKET FOR AGRICULTURAL MICRONUTRIENTS DURING THE FORECAST PERIOD59
4.3ASIA PACIFIC: AGRICULTURAL MICRONUTRIENTS MARKET, BY KEY TYPE & COUNTRY60
FIGURE 20CHINA ACCOUNTED FOR THE LARGEST SHARE IN THE ASIA PACIFIC MARKET IN 202260
4.4AGRICULTURAL MICRONUTRIENTS MARKET, BY TYPE61
FIGURE 21MOLYBDENUM TO DOMINATE THE AGRICULTURAL MICRONUTRIENTS MARKET DURING THE FORECAST PERIOD61
4.5AGRICULTURAL MICRONUTRIENTS MARKET, BY CROP TYPE61
FIGURE 22FRUITS & VEGETABLES IS PROJECTED TO DOMINATE THE MARKET FOR AGRICULTURAL MICRONUTRIENTS DURING THE FORECAST PERIOD61
4.6AGRICULTURAL MICRONUTRIENTS MARKET, BY MODE OF APPLICATION62
FIGURE 23ASIA PACIFIC TO DOMINATE ALL MODES OF APPLICATION OF AGRICULTURAL MICRONUTRIENTS IN 202262
5MARKET OVERVIEW63
5.1INTRODUCTION63
5.2MARKET DYNAMICS63
FIGURE 24AGRICULTURAL MICRONUTRIENTS MARKET DYNAMICS64
5.2.1DRIVERS64
5.2.1.1Increase in micronutrient deficiency in soil64
5.2.1.2Rise in focus on crop production and quality65
5.2.1.3Supporting policies from the government65
5.2.2RESTRAINTS65
5.2.2.1Booming organic fertilizer industry65
5.2.2.2Bio-accumulation of non-biodegradable chelates66
5.2.3OPPORTUNITIES66
5.2.3.1Development of biodegradable chelates66
5.2.4CHALLENGES66
5.2.4.1Poor awareness among the developing regions regarding the benefits of micronutrients66
5.2.4.2Need for sustainable sourcing of raw materials67
5.3MACROECONOMIC INDICATORS67
5.3.1DECREASE IN ARABLE LAND AROUND THE GLOBE67
FIGURE 25GLOBAL DECREASE IN PER CAPITA ARABLE LANDS, 1960–2050 (HA)68
5.3.2GROWTH IN PRODUCTION OF HIGH-VALUE CROPS68
FIGURE 26AREA HARVESTED, BY CROP TYPE, 2014–2020 (HA)68
5.3.3RISE IN IMPORTANCE OF MICRONUTRIENTS IN HUMAN CONSUMPTION69
5.4IMPACT OF COVID-19 ON MARKET DYNAMICS69
5.4.1IMPACT OF COVID-19 ON FERTILIZER IMPORTATION AND SUPPLY CHAIN69
5.4.2IMPACT OF COVID-19 ON SOIL FERTILITY AND FERTILIZER APPLICATION70
5.4.3IMPACT OF COVID-19 ON SOIL FERTILITY AND FERTILIZER APPLICATION70
5.5TRENDS & DISRUPTIONS IMPACTING CONSUMERS’ BUSINESSES71
FIGURE 27REVENUE SHIFT FOR THE AGRICULTURAL MICRONUTRIENTS MARKET71
5.6PRICING ANALYSIS71
FIGURE 28GLOBAL AGRICULTURAL MICRONUTRIENTS MARKET AVERAGE SELLING PRICE (ASP), BY REGION, 2018–2021 (USD/TON)72
FIGURE 29GLOBAL AGRICULTURAL MICRONUTRIENTS MARKET AVERAGE SELLING PRICE (ASP), BY TYPE, 2018–2021 (USD/TON)72
5.7VALUE CHAIN ANALYSIS73
FIGURE 30AGRICULTURAL MICRONUTRIENTS MARKET: VALUE CHAIN ANALYSIS73
5.7.1RESEARCH & DEVELOPMENT73
5.7.2REGISTRATION73
5.7.3FORMULATION & MANUFACTURING74
5.7.4DISTRIBUTION, MARKETING & SALES, AND POST-SALE SERVICES74
5.8MARKET ECOSYSTEM/MARKET MAP74
FIGURE 31AGRICULTURAL MICRONUTRIENTS MARKET: PRODUCT R&D AND PRODUCTION ARE VITAL COMPONENTS OF THE SUPPLY CHAIN75
TABLE 5FERTILIZERS MARKET: SUPPLY CHAIN (ECOSYSTEM)75
FIGURE 32AGRICULTURAL MICRONUTRIENTS MARKET MAP76
 
5.9TECHNOLOGY ANALYSIS76
5.9.1NEW ENVIRONMENTALLY FRIENDLY BIO-BASED MICRONUTRIENT FERTILIZER BY BIOSORPTION76
5.9.2PRECISION TECHNOLOGY IN FERTILIZER APPLICATION77
5.10PATENT ANALYSIS77
FIGURE 33AGRICULTURAL MICRONUTRIENTS MARKET: INCREASE IN PATENT GRANTS, 2010–202177
TABLE 6AGRICULTURAL MICRONUTRIENTS MARKET: KEY APPLICANTS FOR MICRONUTRIENT FERTILIZERS, 2018–202178
TABLE 7LIST OF IMPORTANT PATENTS FOR MICRONUTRIENTS, 2018–202078
5.11TRADE ANALYSIS79
5.11.1IMPORT ANALYSIS79
FIGURE 34AGRICULTURAL MICRONUTRIENTS MARKET: IMPORT VALUE,
2017-2020 (USD THOUSAND)79
5.11.2EXPORT ANALYSIS80
FIGURE 35AGRICULTURAL MICRONUTRIENTS MARKET: EXPORT VALUE,
2017-2020 (USD THOUSAND)80
5.12KEY CONFERENCES AND EVENTS80
TABLE 8LIST OF CONFERENCES & EVENTS ON MICRONUTRIENTS, 202180
5.13TARIFF & REGULATORY LANDSCAPE81
5.13.1NORTH AMERICA81
5.13.1.1US81
5.13.2ASIA PACIFIC82
5.13.2.1Australia82
5.13.2.2China82
5.13.3SOUTH AFRICA82
5.14PORTER’S FIVE FORCES ANALYSIS83
TABLE 9AGRICULTURAL MICRONUTRIENTS MARKET: PORTER’S FIVE FORCES ANALYSIS83
5.14.1THREAT OF NEW ENTRANTS83
5.14.2THREAT OF NEW SUBSTITUTES83
5.14.3BARGAINING POWER OF SUPPLIERS83
5.14.4BARGAINING POWER OF BUYERS84
5.14.5INTENSITY OF COMPETITIVE RIVALRY84
5.15CASE STUDIES85
5.15.1NEW ENVIRONMENT-FRIENDLY FERTILIZER INCREASED THE BIOAVAILABILITY OF MICRONUTRIENTS85
5.15.2SOIL MICRONUTRIENT AVAILABILITY IN GRONINGEN, NETHERLANDS85
6AGRICULTURAL MICRONUTRIENTS MARKET, BY TYPE86
6.1INTRODUCTION87
FIGURE 36MOLYBDENUM PROJECTED TO DOMINATE THE AGRICULTURAL MICRONUTRIENTS MARKET DURING THE FORECAST PERIOD87
TABLE 10AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (USD MILLION)88
TABLE 11AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (USD MILLION)88
6.1.1COVID-19 IMPACT ON THE AGRICULTURAL MICRONUTRIENTS MARKET,
BY TYPE89
6.1.1.1Optimistic Scenario89
TABLE 12OPTIMISTIC SCENARIO: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY TYPE, 2019–2022 (USD MILLION)89
6.1.1.2Realistic Scenario89
TABLE 13REALISTIC SCENARIO: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY TYPE, 2019–2022 (USD MILLION)89
6.1.1.3Pessimistic Scenario90
TABLE 14PESSIMISTIC SCENARIO: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2019–2022 (USD MILLION)90
6.2ZINC90
6.2.1ZINC-BASED FERTILIZER DEMAND IS STABLE IN THE MARKET AS IT IS A SCARCE NUTRIENT90
TABLE 15ZINC-BASED AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION)91
TABLE 16ZINC-BASED AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)91
6.3BORON92
6.3.1COMPLEX SOIL CONDITIONS AND PLANT PHYSIOLOGIES MAKE IT DIFFICULT TO MANAGE BORON SUPPLEMENTATION92
FIGURE 37GLOBAL BORON PRODUCTION RATES, 202092
TABLE 17BORON-BASED AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION)92
TABLE 18BORON: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)93
6.4IRON93
6.4.1UNABSORBABLE EXISTENT FORM OF IRON FUELS DEMAND IN THE AGRICULTURAL SECTOR93
TABLE 19IRON-BASED AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION)94
TABLE 20IRON-BASED AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)94
6.5MOLYBDENUM95
6.5.1DEMAND FOR MOLYBDENUM TO BE HIGHER AMONG THE FARMERS UNDERTAKING LEGUMINOUS CROPS95
TABLE 21MOLYBDENUM-BASED AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY REGION, 2017–2021 (USD MILLION)95
TABLE 22MOLYBDENUM-BASED AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY REGION, 2022–2027 (USD MILLION)95
6.6COPPER96
6.6.1COPPER HAS A MAJOR ROLE IN CARBOHYDRATE AND NITROGEN METABOLISM96
TABLE 23COPPER-BASED AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY REGION, 2017–2021 (USD MILLION)96
TABLE 24COPPER-BASED AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY REGION, 2022–2027 (USD MILLION)96
6.7MANGANESE97
6.7.1IRREGULAR DEPOSITS OF MANGANESE ACROSS REGIONS FUEL DEMAND IN REGIONS EXPERIENCING A DEFICIT97
TABLE 25MANGANESE-BASED AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY REGION, 2017–2021 (USD MILLION)97
TABLE 26MANGANESE: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)98
6.8OTHER TYPES98
TABLE 27OTHER AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY REGION,
2017–2021 (USD MILLION)99
TABLE 28OTHER AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY REGION,
2022–2027 (USD MILLION)99
7AGRICULTURAL MICRONUTRIENTS MARKET, BY CROP TYPE100
7.1INTRODUCTION101
FIGURE 38AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY CROP TYPE,
2022 VS. 2027 (USD MILLION)101
TABLE 29AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY CROP TYPE,
2017–2021 (USD MILLION)102
TABLE 30AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY CROP TYPE,
2022–2027 (USD MILLION)102
7.1.1COVID-19 IMPACT ON THE AGRICULTURAL MICRONUTRIENTS MARKET,
BY CROP TYPE103
7.1.1.1Optimistic Scenario103
TABLE 31OPTIMISTIC SCENARIO: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY CROP TYPE, 2019–2022 (USD MILLION)103
7.1.1.2Realistic Scenario103
TABLE 32REALISTIC SCENARIO: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY CROP TYPE, 2019–2022 (USD MILLION)103
7.1.1.3Pessimistic Scenario104
TABLE 33PESSIMISTIC SCENARIO: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY CROP TYPE, 2019–2022 (USD MILLION)104
7.2CEREALS & GRAINS104
7.2.1MICRONUTRIENT DEFICIENCIES IN MAJOR STAPLE CROPS TO DRIVE MARKET104
7.2.1.1Corn104
7.2.1.2Wheat105
7.2.1.3Rice105
7.2.1.4Other cereals & grains105
TABLE 34AGRICULTURAL MICRONUTRIENTS MARKET SIZE IN CEREALS & GRAINS,
BY REGION, 2017–2021 (USD MILLION)106
TABLE 35AGRICULTURAL MICRONUTRIENTS MARKET SIZE IN CEREALS & GRAINS,
BY REGION, 2022–2027 (USD MILLION)106
TABLE 36CEREALS & GRAINS: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY SUBTYPE, 2017–2021 (USD MILLION)107
TABLE 37CEREALS & GRAINS: AGRICULTURAL MICRONUTRIENTS MARKET SIZE ,
BY SUBTYPE, 2022–2027 (USD MILLION)107
7.3FRUITS & VEGETABLES108
7.3.1CONCERN REGARDING BALANCED NUTRITION TO DRIVE APPLICATION IN FRUITS AND VEGETABLES108
TABLE 38AGRICULTURAL MICRONUTRIENTS MARKET SIZE IN FRUITS & VEGETABLES, BY REGION, 2017–2021 (USD MILLION)108
TABLE 39AGRICULTURAL MICRONUTRIENTS MARKET SIZE IN FRUITS & VEGETABLES, BY REGION, 2022–2027 (USD MILLION)109
7.4OILSEEDS & PULSES109
7.4.1RISE IN DEMAND FROM THE FEED INDUSTRY FOR OILSEEDS TO PROMOTE THE APPLICATION OF MICRONUTRIENTS109
7.4.1.1Soybean110
7.4.1.2Canola110
7.4.1.3Other oilseeds & pulses110
TABLE 40AGRICULTURAL MICRONUTRIENTS MARKET SIZE IN OILSEEDS & PULSES,
BY REGION, 2017–2021 (USD MILLION)111
TABLE 41AGRICULTURAL MICRONUTRIENTS MARKET SIZE IN OILSEEDS & PULSES,
BY REGION, 2022–2027 (USD MILLION)111
TABLE 42OILSEEDS & PULSES: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY SUBTYPE, 2017–2021 (USD MILLION)111
TABLE 43OILSEEDS & PULSES: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY SUBTYPE, 2022–2027 (USD MILLION)112
7.5OTHER TYPES112
TABLE 44AGRICULTURAL MICRONUTRIENTS MARKET SIZE IN OTHER CROP TYPES,
BY REGION, 2017–2021 (USD MILLION)112
TABLE 45AGRICULTURAL MICRONUTRIENTS MARKET SIZE IN OTHER CROP TYPES,
BY REGION, 2022–2027 (USD MILLION)113
8AGRICULTURAL MICRONUTRIENTS MARKET, BY FORM114
8.1INTRODUCTION115
FIGURE 39NON-CHELATED SEGMENT PROJECTED TO DOMINATE THE AGRICULTURAL MICRONUTRIENTS MARKET DURING THE FORECAST PERIOD115
TABLE 46AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY FORM,
2017–2021 (USD MILLION)115
TABLE 47AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY FORM,
2022–2027 (USD MILLION)116
8.1.1COVID-19 IMPACT ON THE AGRICULTURAL MICRONUTRIENTS MARKET,
BY FORM116
8.1.1.1Optimistic Scenario116
TABLE 48OPTIMISTIC SCENARIO: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY FORM, 2019–2022 (USD MILLION)116
8.1.1.2Realistic Scenario116
TABLE 49REALISTIC SCENARIO: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY FORM, 2019–2022 (USD MILLION)116
8.1.1.3Pessimistic Scenario117
TABLE 50PESSIMISTIC SCENARIO: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY FORM, 2019–2022 (USD MILLION)117
8.2CHELATED MICRONUTRIENTS117
8.2.1HIGHER BIOAVAILABILITY OF MICRONUTRIENTS DRIVES ADOPTION OF CHELATED MICRONUTRIENTS117
TABLE 51CHELATED AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION)117
TABLE 52CHELATED AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)118
TABLE 53CHELATED AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (USD MILLION)118
TABLE 54CHELATED AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (USD MILLION)119
8.2.1.1Ethylene Diamine-tetra-acetic acid (EDTA)119
TABLE 55EDTA-BASED AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION)119
TABLE 56EDTA-BASED AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)120
8.2.1.2Ethlyenediamine Di-2-Hydroxyphenyl Acetate (EDDHA)120
TABLE 57EDDHA-BASED AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION)120
TABLE 58EDDHA-BASED AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)121
8.2.1.3Diethylene-triamine penta-acetic acid (DTPA)121
TABLE 59DTPA-BASED AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION)121
TABLE 60DTPA-BASED AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)122
8.2.1.4Iminodisuccinic Acid (IDHA)122
TABLE 61IDHA-BASED AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY REGION, 2017–2021 (USD MILLION)122
TABLE 62IDHA-BASED AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)123
8.2.1.5Other Chelated Micronutrients123
TABLE 63OTHER CHELATED AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY REGION, 2017–2021 (USD MILLION)124
TABLE 64OTHER CHELATED MICRONUTRIENTS MARKET SIZE, BY REGION,
2022–2027 (USD MILLION)124
8.3NON-CHELATED MICRONUTRIENTS124
8.3.1CHEAPER RATES OF NON-CHELATED MICRONUTRIENTS TO DRIVE PREFERENCE124
TABLE 65NON-CHELATED MICRONUTRIENTS MARKET SIZE, BY REGION,
2017–2021 (USD MILLION)125
TABLE 66NON-CHELATED MICRONUTRIENTS MARKET SIZE, BY REGION,
2022–2027 (USD MILLION)125
9AGRICULTURAL MICRONUTRIENTS MARKET, BY MODE OF APPLICATION126
9.1INTRODUCTION127
FIGURE 40AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY MODE OF APPLICATION, 2022 VS. 2027 (USD MILLION)128
TABLE 67AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY MODE OF APPLICATION, 2017–2021 (USD MILLION)128
TABLE 68AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY MODE OF APPLICATION, 2022–2027 (USD MILLION)129
9.1.1COVID-19 IMPACT ON THE AGRICULTURAL MICRONUTRIENTS MARKET,
BY MODE OF APPLICATION129
9.1.1.1Optimistic Scenario129
TABLE 69OPTIMISTIC SCENARIO: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY MODE OF APPLICATION, 2019–2022 (USD MILLION)129
9.1.1.2Realistic Scenario130
TABLE 70REALISTIC SCENARIO: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY MODE OF APPLICATION, 2019–2022 (USD MILLION)130
9.1.1.3Pessimistic Scenario130
TABLE 71PESSIMISTIC SCENARIO: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY MODE OF APPLICATION, 2019–2022 (USD MILLION)130
9.2SOIL130
9.2.1REDUCED COST AND UNIFORM DISTRIBUTION OF MICRONUTRIENTS TO PROMOTE SOIL MODE OF APPLICATION130
TABLE 72SOIL APPLICATION MARKET SIZE, BY REGION, 2017–2021 (USD MILLION)131
TABLE 73SOIL APPLICATION MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)131
9.3FOLIAR132
9.3.1LOW RATES OF APPLICATION AND IMMEDIATE RESPONSE TO APPLIED NUTRIENTS TO DRIVE FOLIAR APPLICATION132
TABLE 74FOLIAR APPLICATION MARKET SIZE, BY REGION, 2017–2021 (USD MILLION)132
TABLE 75FOLIAR APPLICATION MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)133
9.4FERTIGATION133
9.4.1IMPROVED NUTRIENT USE EFFICIENCY TO DRIVE THE FERTIGATION APPLICATION133
TABLE 76FERTIGATION APPLICATION MARKET SIZE, BY REGION,
2017–2021 (USD MILLION)133
TABLE 77FERTIGATION APPLICATION MARKET SIZE, BY REGION,
2022–2027 (USD MILLION)134
9.5OTHER MODES OF APPLICATION134
TABLE 78OTHER MODES OF APPLICATION MARKET SIZE, BY REGION,
2017–2021 (USD MILLION)134
TABLE 79OTHER MODES OF APPLICATION MARKET SIZE, BY REGION,
2022–2027 (USD MILLION)135
10AGRICULTURAL MICRONUTRIENTS MARKET, BY REGION136
10.1INTRODUCTION137
FIGURE 41REGIONAL SNAPSHOT: NEW HOTSPOTS TO EMERGE IN THE ASIA PACIFIC, 2022–2027137
TABLE 80AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY REGION,
2017–2021 (USD MILLION)138
TABLE 81AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY REGION,
2022–2027 (USD MILLION)138
10.1.1COVID-19 IMPACT ON THE AGRICULTURAL MICRONUTRIENTS MARKET,
BY REGION139
10.1.1.1Optimistic Scenario139
TABLE 82OPTIMISTIC SCENARIO: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY REGION, 2019–2022 (USD MILLION)139
10.1.1.2Realistic Scenario139
TABLE 83REALISTIC SCENARIO: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY REGION, 2019–2022 (USD MILLION)139
10.1.1.3Pessimistic Scenario140
TABLE 84PESSIMISTIC SCENARIO: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY REGION, 2019–2022 (USD MILLION)140
10.2NORTH AMERICA140
FIGURE 42NORTH AMERICA: AGRICULTURAL MICRONUTRIENTS MARKET SNAPSHOT141
TABLE 85NORTH AMERICA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY COUNTRY, 2017–2021 (USD MILLION)141
TABLE 86NORTH AMERICA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY COUNTRY, 2022–2027 (USD MILLION)142
TABLE 87NORTH AMERICA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY COUNTRY, 2017–2021 (KT)142
TABLE 88NORTH AMERICA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY COUNTRY, 2022–2027 (KT)142
TABLE 89NORTH AMERICA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2017–2021 (USD MILLION)143
TABLE 90NORTH AMERICA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2022–2027 (USD MILLION)143
TABLE 91NORTH AMERICA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2017–2021 (KT)144
TABLE 92NORTH AMERICA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2022–2027 (KT)144
TABLE 93NORTH AMERICA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY CROP TYPE, 2017–2021 (USD MILLION)145
TABLE 94NORTH AMERICA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY CROP TYPE, 2022–2027 (USD MILLION)145
TABLE 95NORTH AMERICA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY FORM, 2017–2021 (USD MILLION)145
TABLE 96NORTH AMERICA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY FORM, 2022–2027 (USD MILLION)146
TABLE 97NORTH AMERICA: CHELATED AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY SUBTYPE, 2017–2021 (USD MILLION)146
TABLE 98NORTH AMERICA: CHELATED AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY SUBTYPE, 2022–2027 (USD MILLION)146
TABLE 99NORTH AMERICA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY MODE OF APPLICATION, 2017–2021 (USD MILLION)147
TABLE 100NORTH AMERICA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY MODE OF APPLICATION, 2022–2027 (USD MILLION)147
 
10.2.1US147
10.2.1.1Sustainable agriculture systems and stringent environmental regulations to drive the market in the US147
TABLE 101US: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (USD MILLION)148
TABLE 102US: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (USD MILLION)149
TABLE 103US: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (KT)149
TABLE 104US: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (KT)150
10.2.2CANADA150
10.2.2.1Boron and zinc deficiencies in the soil to promote application of agricultural micronutrients150
TABLE 105CANADA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (USD MILLION)151
TABLE 106CANADA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (USD MILLION)151
TABLE 107CANADA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (KT)152
TABLE 108CANADA: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (KT)152
10.2.3MEXICO153
10.2.3.1Increase in government focus toward sustainable agriculture to drive demand for agricultural micronutrients153
TABLE 109MEXICO: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (USD MILLION)153
TABLE 110MEXICO: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (USD MILLION)154
TABLE 111MEXICO: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (KT)154
TABLE 112MEXICO: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (KT)155
10.3EUROPE156
TABLE 113EUROPE: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY COUNTRY, 2017–2021 (USD MILLION)156
TABLE 114EUROPE: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION)157
TABLE 115EUROPE: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY COUNTRY, 2017–2021 (KT)157
TABLE 116EUROPE: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY COUNTRY, 2022–2027 (KT)158
TABLE 117EUROPE: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (USD MILLION)158
TABLE 118EUROPE: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (USD MILLION)159
TABLE 119EUROPE: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (KT)159
TABLE 120EUROPE: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (KT)160
TABLE 121EUROPE: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY CROP TYPE, 2017–2021 (USD MILLION)160
TABLE 122EUROPE: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY CROP TYPE, 2022–2027 (USD MILLION)161
TABLE 123EUROPE: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY FORM,
2017–2021 (USD MILLION)161
TABLE 124EUROPE: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY FORM,
2022–2027 (USD MILLION)161
TABLE 125EUROPE: CHELATED AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY SUBTYPE, 2017–2021 (USD MILLION)162
TABLE 126EUROPE: CHELATED AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY SUBTYPE, 2022–2027 (USD MILLION)162
TABLE 127EUROPE: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY MODE OF APPLICATION, 2017–2021 (USD MILLION)163
TABLE 128EUROPE: AGRICULTURAL MICRONUTRIENTS MARKET SIZE,
BY MODE OF APPLICATION, 2022–2027 (USD MILLION)163
10.3.1FRANCE163
10.3.1.1Increase in organic farming practices to promote the use of agricultural micronutrients in France163
TABLE 129FRANCE: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (USD MILLION)164
TABLE 130FRANCE: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (USD MILLION)164
TABLE 131FRANCE: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (KT)165
TABLE 132FRANCE: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (KT)165
10.3.2GERMANY166
10.3.2.1Rise in demand for agricultural micronutrients due to increase in boron deficiencies in German soils166
TABLE 133GERMANY: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (USD MILLION)166
TABLE 134GERMANY: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (USD MILLION)167
TABLE 135GERMANY: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (KT)167
TABLE 136GERMANY: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (KT)168
10.3.3POLAND168
10.3.3.1Prevalence of unfertile acid soils and low content of available nutrients to drive market in Poland168
TABLE 137POLAND: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (USD MILLION)169
TABLE 138POLAND: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (USD MILLION)169
TABLE 139POLAND: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (KT)170
TABLE 140POLAND: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (KT)170
10.3.4SPAIN171
10.3.4.1High export rate of organic food products to drive the demand for agricultural micronutrients in Spain171
TABLE 141SPAIN: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (USD MILLION)171
TABLE 142SPAIN: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (USD MILLION)172
TABLE 143SPAIN: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (KT)172
TABLE 144SPAIN: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (KT)173
10.3.5UK173
10.3.5.1Adoption of the agronomic bio-fortification process to drive the demand for micronutrients in the UK173
TABLE 145UK: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (USD MILLION)174
TABLE 146UK: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (USD MILLION)174
TABLE 147UK: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (KT)175
TABLE 148UK: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (KT)175
10.3.6ITALY176
10.3.6.1Greater demand for cereals & grains in feed and food to drive the growth in Italy176
TABLE 149ITALY: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (USD MILLION)176
TABLE 150ITALY: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (USD MILLION)177
TABLE 151ITALY: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2017–2021 (KT)177
TABLE 152ITALY: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE,
2022–2027 (KT)178
10.3.7REST OF EUROPE178
TABLE 153REST OF EUROPE: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2017–2021 (USD MILLION)179
TABLE 154REST OF EUROPE: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2022–2027 (USD MILLION)179
TABLE 155REST OF EUROPE: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2017–2021 (KT)180
TABLE 156REST OF EUROPE: AGRICULTURAL MICRONUTRIENTS MARKET SIZE, BY TYPE, 2022–2027 (KT)180