North America Market is Metal Chelates expected to reach USD 162.43 million by 2026 from USD 108.97 million in 2021, growing at a CAGR of 8.31%. Chelates basically are chemical compounds consisting of a chelating agent with a metal ion. Chelating agent refers to a substance which assists the metal ion to make several bonds. Metal chelates comprise of an organic molecule which makes bonds with a metal cation ionically or covalently. Metal chelates can also be known as multidentate ligand.
The Metal Chelates market is forecasted to show great potential over the mentioned period. The market has continued to gain momentum with the increasing problems faced by farmers of deterioration of soil and the pH levels of agricultural lands, leading to fall in the yield and quality of crop produced.
North America Metal Chelates Market Drivers:
The degradation in the quality of soil has had a big impact the productivity and quality of crops thus creating a need for metal chelates. Other major drivers for the market include increase in demand for higher crop yield, rising awareness about nutrient deficiency in crop and advancements in the field of farming practises. However, the market faces some challenges as well, which are varied side effects of metal chelates and lack of acceptance between farmers for their usage. These factors are responsible for holding back the market from reaching its potential.
North America Metal Chelates Market – By Type:
The market share was dominated by the micronutrients and the primary nutrients segment followed.
North America Metal Chelates Market – By Crio Type:
The segment fruits & vegetables, accounted for the biggest share in the market on the basis of crop type due to increase in crop damage due to nutrient deficiency.
North America Metal Chelates Market – By Mode of Application:
The foliar segment leads the market share under mode of application.
On the basis of geography, the North America market is analysed under various regions namely United States and Canada.
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 are some of the major companies in the Middle East and Africa Metal Chelates Market.
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