Soil degradation impacting the growth of Metal Chelates Market globally.

Soil degradation impacting the growth of Metal Chelates Market globally.

ID: 2316 | October 2018 | Region: Global

The Metal Chelates Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Metal Chelates Market is estimated to be USD 385 million in 2016 and predicted to rise to USD 582 million by 2021 with a CAGR of 8.61%. The market is segmented by Type (Primary Nutrients, Secondary Nutrients, Micronutrients and other Nutrients), by Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables and Other crops), by Mode of Application (Soil, Foliar, Fertigation and Others). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.

Going by the current trends in the market, the Metal Chelates hold a huge potential in the upcoming years owing to factors such as soil quality deterioration, advancements in farming practices, demand for higher crop yield, and rising awareness about effects of nutrient deficiency in crops. Apart from these the market faces some restraints and challenges as well, including adverse effects of use of non-biodegradable chelates and the lack of acceptance among farmers about the benefits of meta chelates.

The Global market for Metal Chelates is segmented on the basis of type, crop type as well as mode of application. Based on segmentation by type, the market is dominated by micronutrients followed by the market share of primary nutrients. Under segmentation by crop type, fruits and vegetable lead the market share due to the need for chelates to tackle extensive crop damage due to nutrient deficiency. Lastly, on the basis of segmentation by mode of application foliar accounts for the largest share in the market and is expected to continue dominating the market over the coming years.

According to geography, the market is analyzed under various regions across the globe. Among these regions, the Asia-Pacific market dominates the market share, followed by the market share of Europe and North America. Further, the Asia-Pacific market is expected to exhibit the highest CAGR as well over the mentioned period.

Among various companies competing in the market, the major ones are BASF SE, Syngenta AG, Akzo Nobel N.V., Nufarm Limited, Aries Agro Limited, Haifa Chemicals Ltd., Van Iperen International, Protex International, Valagro SPA, Deretil Agronutritional.

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