New York, NY -- (SBWIRE) -- 03/21/2016 -- Chelated micro nutrients are produced by altering positively charged cat-ions to negatively charged molecules. As soil itself is negatively charged, it repels negatively charged molecules of chelated micronutrients, making it easily available for uptake by plants.Chelated iron micronutrient is mostly used in calcareous (high pH) soils and soils low in organic matter.High intensive farming and modern fertilizers have caused depletion of various micronutrients from the soil, which are essential for healthy plant growth.Iron deficiency in plants causes chlorosis due to poor chlorophyll synthesis and also affects lignin formation, energy transfer and nitrogen reduction and fixation in plants.

The global chelated iron micro nutrient market was valued at around US$ 34.7 million in 2014. Asia Pacific (APAC)was the largest market for chelated iron micronutrient with44.8% share of the overall market in 2014, followed by North America with 24.8%.Latin America is expected to exhibit highest CAGR of 8.9% during the forecast period, followed by MEA, which is expected to expand at a CAGR of 7.8%. APAC is forecast to remain the most significant market, with highest absolute $ opportunity.

Interested in report: Please follow the below the links to meet your requirements; Request for the Report Sample: http://www.persistencemarketresearch.com/samples/6337

The world population is continuously increasing and the demand for quality food is increasing rapidly, especially in emerging markets as the purchasing power of buyers has grown significantly.Upgraded farming practices and government subsidies to waive the fertilizers price for farmers have generated a good demand for chelated iron micronutrient for crops like soybean, alfalfa and turf grass etc. Thus, the market for chelated iron micronutrient is expected to exhibit a robust growth in the coming years.

The global chelated iron micro nutrient market is expected to be valued at US$ 51.4 million by the end of 2015, registering a CAGR of 6.8% between 2015 and 2020. In terms of volume, the market accounted for 9,037.7 Kg in 2014, which is expected to increase at a CAGR of 5.3% to reach 12,194.5 Kg by 2020.

View TOC (table of content), Figures and Tables of the Report: http://www.persistencemarketresearch.com/toc/6337

By crop type, cereals were the largest segment, valued at US$ 21,030 thousand in terms of revenue and 5,289 Kg in terms of volume. In the same year, fruits and vegetables were the second largest segment by crop type, accounting for around 28.0% and 30.6% share respectively of the market.

Key market players in the chelated iron micro nutrient market include Agrium Inc., Yara International Ltd., AkzoNobel, BASF SE, Monsanto Company, Bayer CropScience and DuPont.

For more Info: http://www.persistencemarketresearch.com/contact-us.asp

About Persistence Market Research (PMR)
Persistence Market Research (PMR) is a full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.

PMR stands committed to bringing more accuracy and speed to clients' business decisions. From ready-to-purchase market research reports to customized research solutions, PMR's engagement models are highly flexible without compromising on its deep-seated research values.