Chelates are quite useful for micronutrients mostly applied to alkaline soils. Iron, manganese, zinc, and copper react with the ions found at high pH to form insoluble substances. As a result, the nutrients are made unavailable to plants. The organic coating in the chelate prevents these reactions from occurring in the soil. Chelation keeps a micronutrient from undesirable reactions in solution and soil. The chelated fertilizer can improve the bioavailability of micronutrients, including Fe, Cu, Mn, and Zn, and in turn, contributes to the productivity and profitability of commercial crop production.
MARKET DYNAMICS
The chelated crop micronutrients market has witnessed significant growth owing to factors such as the wider use of chelated micronutrients in various crops, including fruits & vegetables, cereals & pulses, oilseeds, and others. The population across the world is continuously increasing and demanding quality food, especially in emerging economies, as the purchasing power of buyers has grown significantly with rapid economic growth and urbanization. Upgraded farming practices and government initiatives to waive the fertilizer price for farmers have generated a good demand for chelated iron micronutrients for various crops like soybean, alfalfa and turf grass, etc. However, lack of knowledge among farmers regarding the proper use of these chelated micronutrients may hamper the growth of this market. Nevertheless, with the steady growth in the agrochemical and agriculture industry, there are opportunities for the market players to invest in this market.
MARKET SCOPE
The "Global Chelated Crop Micronutrients Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the chelated crop micronutrients market with detailed market segmentation by form, micronutrient type, crop type, and geography. The global chelated crop micronutrients market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading chelated crop micronutrients market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global chelated crop micronutrients market is segmented on the basis of micronutrient type, and crop type. The chelated crop micronutrients market on the basis of the micronutrient type is classified into iron, zinc, copper, calcium, manganese, and magnesium. On the basis of crop type, global chelated crop micronutrients market is bifurcated into fruits & vegetables, cereals & pulses, oilseeds, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global chelated crop micronutrients market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The chelated crop micronutrients market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the chelated crop micronutrients market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the chelated crop micronutrients market in these regions.
MARKET PLAYERS
The reports cover various key developments in the global chelated crop micronutrients market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from chelated crop micronutrients market are anticipated to lucrative growth opportunities in the future with the rising demand for chelated crop micronutrients in the global market. Below mentioned is the list of few companies engaged in the chelated crop micronutrients market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the chelated crop micronutrients market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- ADAMA Agricultural Solutions Ltd.
- Agrium Inc.
- Akzo Nobel N.V.
- Auriga Industries A/S
- BASF SE
- Bayer CropScience AG
- Compass Minerals International Inc.
- E. I. DUPONT DE NEMOURS AND COMPANY
- Land O'Lakes Inc. Monsanto Co.
- Nufarm Limited
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