As per our analysis report, the global Ultra Pasteurized Cream Market is expected to reach USD 879.35 million by 2029 from USD 581.85 million in 2024, growing at a compound annual growth rate (CAGR) of 8.61 % during the forecast timeline.The Metal Chelates Market is showing evident potential in the mentioned forecasting period. The market continues to gain momentum with the degradation of soil quality and pH levels in the agricultural land around the globe. The market has seen exponential growth recently and is expected to continue with the trend. Chelates refer to the chemical compounds comprising of a metal ion and the chelating agent. A chelating agent is a kind of chemical substance which allows a single metal ion to make several bonds with itself. Metal chelates involve an organic molecule which bonds with a metal cation covalently or ionically. These compounds are also known as a multidentate ligand.
Global Metal Chelates Market Drivers:
The deterioration of soil quality has led to an increase in the demand for metal chelates around the agricultural sector. Other factors that drive the growth of market include rising demand for higher yield out of crop production, growing awareness about nutrient deficiencies among crops and development in farming practises around emerging markets. On the other hand, the market faces some challenges as well, the major ones being adverse side effects of chelates which are non-biodegradable in nature, as well as the lack of acceptance among farmers about the use of metal chelates.
REPORT COVERAGE:
REPORT METRIC |
DETAILS |
Market Size Available |
2023 to 2029 |
Base Year |
2023 |
Forecast Period |
2024 to 2029 |
CAGR |
8.61% |
Segments Covered |
By Type, Crop Type, Mode Of Application and Region |
Various Analyses Covered |
Global, Regional and Country Level Analysis; Segment-Level Analysis; DROC; PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
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 and Others. |
This research report on the global metal chelates market has been segmented and sub-segmented based on type, crop type, mode of application, and region.
Global Metal Chelates Market – By Type:
The market share is dominated by micronutrients, followed by primary nutrients.
Global Metal Chelates Market – By Crop Type:
The fruits & vegetable segment accounted for the highest market share on the basis of crop type due to the fear of damage because of nutrient deficiency.
Global Metal Chelates Market – By Mode Of Application:
wherein the foliar segment remains the market leader and is expected to show the highest growth as well.
Global Metal Chelates Market – By Regions:
Metal Chelates market was dominated by Asia-Pacific, with the overall market share of over 36% globally. Asia-Pacific was followed by Europe and North America. The Asia Pacific is predicted to grow at a rapid pace in the coming few years.
KEY MARKET PLAYERS:
Major key players in the global metal chelates market are 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.
FAQ's
The increasing demand for high-quality crops and improved agricultural productivity is a significant factor driving the growth of the metal chelates market. Metal chelates are widely used in agriculture to enhance nutrient uptake by plants, thereby improving crop yield and quality.
One emerging trend in the metal chelates market is the increasing use of micronutrient-enriched fertilizers to address nutrient deficiencies in soil. Moreover, the development of environment-friendly and bio-based chelating agents is gaining traction among manufacturers and farmers.
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