Metal Chelates Market Growth, Trends, And Forecast To 2024

Posted by Prashanth on December 11th, 2019

MARKET OVERVIEW:

Metal Chelates Market was worth USD 454.15 million in 2019 and estimated to be growing at a CAGR of 8.61%, to reach USD 686.35 million by 2024. Metal chelates involve an organic molecule which bonds with a metal cation covalently or ionically.

DRIVERS & RESTRAINTS OF THE MARKET:

• The deterioration of soil quality has led to increased demand for metal chelates in the agricultural sector.
• Other factors that drive market growth include growing demand for more productive crops, increasing awareness of nutrient deficiencies among crops, and the development of agricultural practices around emerging markets.
• On the other hand, the market also faces challenges such as the unwanted side effects of non-biodegradable chelates by nature, as well as the lack of awareness and acceptance by farmers in the use of metal chelates.

REPORT SEGMENTED AS:

Based on Type:

• Primary nutrients
• Secondary nutrients
• Micronutrients
• Other nutrients

Based on Crop Type:

• Cereals & Grains
• Oilseeds & Pulses
• Fruits & vegetables
• Others

Based on Application:

• Soil
• Foliar
• Fertigation
• Others

GEOGRAPHICAL SEGMENTATION:

Geographically, the Global Metal Chelates Market is segmented into North America, Europe, Asia-Pacific and Rest of the World. Asia-Pacific is the global market leader of Metal Chelates market capturing a market share of over 36%, and it is expected to increase over the forecast period. Europe and North America are the next in line largest markets.

KEY MARKET PLAYERS:

• BASF SE
• Akzo Nobel N.V.
• Syngenta AG
• Nufarm Limited
• Haifa Chemicals Ltd.
• Aries Agro Limited
• Van Iperen International
• Valagro SPA
• Protex International
• Deretil Agronutritional

THE SCOPE OF THE REPORT:

The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed, and the prospects with huge growth potential identified and debated.

The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis of prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.

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