Global Agricultural Chelates Market
The global Agricultural Chelates market was valued at USD 440.0 million in 2016 and is projected to reach USD 775.6 million by 2025, growing at a CAGR of 6.50% from 2017 to 2025.
Agricultural chelates are added to the soil to maintain the concentration of micronutrients. The growing awareness regarding soil nutrition is driving demand for these products. However, the toxicity of chemicals involved is a major cause of concern for farmers.
1. Market Drivers
1.1 Growing need of micronutrients in soil
1.2 Use of modern agricultural practices in emerging countries
2. Market Restraints
2.1 Bio-accumulation of non-degradable chelates
2.2 Growing cost of raw materials
The global Agricultural Chelatesmarket is segmented on the type, crop type, application, and region.
1. By Type:
2. By Crop Type:
2.1 Vegetables and Fruits
2.2 Pulses and Oilseeds
2.3 Grains and Cereals
3. By Application:
3.1 Seed Dressings
3.2 Foliar Sprays
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. BASF SE
2. Shandong Iro Chelating Chemicals Co. Ltd.
4. AkzoNobel NV
5. Van Iperen International
6. Nufarm Limited
7. Valagro SPA
8. Protex International
9. Haifa Chemicals Ltd.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Agricultural Chelates Marketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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