Agricultural Chelates Market to hit 566.1 Million USD by 2020

From: MarketsandMarkets
Published: Mon Nov 20 2017

The report "Agricultural Chelates Market by Type (EDTA, EDDHA, DTPA, & IDHA), Application (Soil, Seed Dressing, Foliar Sprays, & Hydroponics), Crop Type, & by Region - Global trends & Forecast to 2020", The agricultural chelates market is projected to reach a value of USD 566.1 Million at a CAGR of 6.7% from 2015 to 2020. The market is driven by factors such as degradation of soil, increased modern farming practices, and demand for chelated iron micronutrients. The high growth potential in emerging markets and untapped regions provides new growth opportunities for market players.

Browse 98 market data Tables and 46 Figures spread through 155 Pages and in-depth TOC on "Agricultural Chelates Market - Global trends & Forecast to 2020"

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EDTA is the fastest growing segment in agricultural chelates market by type during 2015–2020

The EDTA agricultural chelates type is projected to grow with the highest CAGR from 2015 to 2020. EDTA chelate isolates metal ions, such as calcium ions and ferrous ions, and forms weak bonds with metal nutrients, such as zinc, iron, and copper. EDTA chelates are comparatively less expensive and easily available and also helps to treat harmful lead poisoning in the soil by removing the toxins, such as lead, cadmium, and mercury. These factors have led to the growth in demand for EDTA chelates.

Soil application segment depicts high potential for the agricultural chelates market

Soil application in the agricultural chelates market is growing as soil nutrition is necessary to increase the productivity of crops. Crops witness a usual deficiency of iron and therefore chelated iron micronutrients are applied in the soil to provide the required amount of nutrition for an enhanced crop production. In the Asia-Pacific region, emerging economies such as India and China, where the agricultural sector significantly contributes to the growth of the eonomy, requires fertile soil for easier growth of crops in order to satisfy the demand, and the application of agricultural chelates in the soil helps to maintain the soil quality. Moreover, the application of agricultural chelates is growing in North America, as people are demanding quality food due to the rising health awareness, encouraging crop manufacturers to use chelates in the soil.

Significant growth for agricultural chelates is observed in the Asia-Pacific region

Asia-Pacific has a high growth potential for agricultural chelates. This region has many emerging countries, such as China and India, which have considerable cultivable land to grow crops. Moreover, China is among the leading countries for agricultural chelates as the country faces technological growth in agriculture and urbanization which has led to the higher standards of living among consumers, resulting in the rise for food products. In China, especially North China, the soil has deficiency of trace elements, such as boron, manganese, molybdenum, zinc, copper, and iron, raising the demand for agricultural chelates in this country.

This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. It includes the profiles of leading companies such BASF SE (Germany), Haifa Chemicals (Israel), Syngenta AG (Switzerland), AkzoNobel N.V. (The Netherlands), and Nufarm Ltd. (Australia).

In terms of insights, this research report has focused on various levels of analyses industry analysis and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the global agricultural chelates market, high-growth regions, countries, and their respective regulatory policies, government initiatives, drivers, restraints, and opportunities.

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