The global agricultural chelates market has grown exponentially in the last few years. The market size is projected to reach USD 566.1 Million by 2020, at a CAGR of around 6.7% from 2015 to 2020. Emerging countries such as India and China are the primary targets of the industry. Increasing demand for food, soil degradation, and need for micronutrients are some of the major driving factors for this market.
Pune, India -- (SBWIRE) -- 04/24/2016 -- 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"
Request for PDF Brochure
Early buyers will receive 10% customization on reports.
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.
Make an Inquiry
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.
About MarketsandMarkets
MarketsandMarkets is the world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email:sales@marketsandmarkets.com
Blog: http://www.marketsandmarketsblog.com/market-reports/agriculture-industry