Europe Metal Chelates Market Size, Share, Growth, Trends, and Forecasts Report – Segmented By Type, Crop Type, Mode of Application, And By Region The UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe) - Industry Analysis (2024 to 2032)
European metal chelates market is expected to reach USD 117.90 million in 2023 and is anticipated to reach USD 128.12 million in 2024 from USD 249.17 million by 2032, growing at a CAGR of 8.67% from 2024 to 2032.
Metal chelates are a type of chemical compound involving an organic compound and a chelate. Chelates refer to the substance consisting of a metal ion with a chelating agent. Chelating agents are substances that allow a metal cation to make several bonds, covalently or ionically.
Metal Chelates market is expected to show evident potential in the forecasting period. The market continues to build up momentum with decreasing quality of the soil and pH level, thus impacting the productivity and yield of crops. It has called for many companies to make their way into the metal chelates market.
The factors that are responsible for driving the growth of the metal chelates market over the recent years include rising farmer awareness about nutrient deficiency in crops, demand for better yield of crops, and advanced farming techniques being implemented. On the other side, there are factors that hinder the market growth and act as restraints for the market. These include varied side effects related to the use of metal chelates and lack of acceptance among formers for the products.
The micronutrients dominated the market share, with primary nutrients holding the second largest market share.
The fruits & vegetables segment exhibits the highest market share in crop type segmentation due to damage incidences due to nutrients deficiency.
On the basis of geography, the European market is analyzed under various regions, namely the U.K., Germany, Spain, Italy, and France.
The major companies dominating the market with their products and services are BASF SE, Protex International, Akzo Nobel N.V., Nufarm Limited, Syngenta AG, Haifa Chemicals Ltd., Van Iperen International, Aries Agro Limited, Valagro SPA, Deretil Agronutritional.
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