Chelated–Iron Agricultural Micronutrient Market - PowerPoint PPT Presentation

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Chelated–Iron Agricultural Micronutrient Market

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Chelated–Iron Agricultural Micronutrient Market Report, by Application (Cereals, Fruits & vegetables, Pulses & Oilseeds and Others), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027 – PowerPoint PPT presentation

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Title: Chelated–Iron Agricultural Micronutrient Market


1
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2
CHELATED-IRON AGRICULTURAL MICRONUTRIENT MARKET
ANALYSIS
  • ChelatedIron Agricultural Micronutrient Market
    Report, by Application (Cereals, Fruits
    vegetables, Pulses Oilseeds and Others), and by
    Region (North America, Latin America, Asia
    Pacific, Europe, and Middle East Africa) -
    Size, Share, Outlook, and Opportunity Analysis,
    2019 2027

3
  • Definition of Market/Industry
  • Chelated-iron micronutrients are mostly used in
    the soil with high pH value and soil with low
    organic matter content to reduce the iron
    deficiency in the soil. Chelated-iron
    micronutrients are beneficial for soil by
    providing metal ion to the soil which can be
    directly absorbed by plant or crop. They help to
    prevent the precipitation of metal with
    phosphates in the soil which can impact the
    quality of the soil. Moreover, they control and
    regulate the physiological activities in crops to
    enhance the crop yield.
  • Statistics
  • The global chelated-iron agricultural
    micronutrients market was valued at US 44.98 Mn
    in 2018 and is anticipated to reach US 81.43 Mn
    by the end of 2027, growing at a CAGR of 6.8
    during the forecast period (2019 to 2027).
  • Drivers
  • Increasing deforestation activities and
    industrialization has resulted in lack of arable
    land across the globe which in turn has led to
    the growing demand for high yield crop
    production.  This is expected to fuel the growth
    of the chelated-iron agricultural micronutrients
    market over the forecast period. Moreover,
    deficiency of iron in soil especially in the
    Mediterranean region is also raising the demand
    for chelated-iron micronutrients.
  • The growing population base is raising the demand
    for effective fertilizers for nutrition enriched
    crops due to rising cases of iron-deficiency
    cases such as anemia around the globe. Increasing
    initiatives of preventing and reducing anemia
    cases is expected to propel the market growth of
    chelated-iron agricultural micronutrients.
    According to the article, Global Nutrition
    Targets 2025-Anaemia Policy Brief published by
    World Health Organization (WHO) in 2014, in 2012,
    WHO has set the target of 50 reduction of
    anaemia in women of reproductive age by 2025.
  • Statistics
  • North America region dominated the global
    chelated-iron micronutrients market in 2018,
    accounting for 46.6 share in terms of value
    followed by North America and Europe.

4
Figure 1. Global Chelated-Iron Agricultural
Micronutrients Market Share, By Region, 2018
5
Market
Restraints
  • The high cost of chelated-iron micronutrients
    fertilizers is a major factor expected to hamper
    the market growth of chelated-iron
    micronutrients. Other factors such as harsh
    climatic conditions and changing government rules
    and regulations are also expected to curb the
    market growth of chelated-iron agricultural
    micronutrients.
  • Moreover, fluctuating economic condition which
    leads to uneven supply-demand is also expected to
    hinder the market growth of the chelated-iron
    agricultural micronutrients. Moreover, nations
    with weak government regulations have a negative
    impact on the raw materials which are used for
    crop production, this is also expected to
    restrain the market growth of chelated-iron
    agricultural micronutrients.

6
Market Opportunities
  • Rising usage of chelated-iron micronutrients
    fertilizers in ornamental plants and turf-grasses
    coupled with the increasing government
    initiatives for creating greenery such as green
    gardens and leisure parks is projected to foster
    the market growth of chelated-iron agricultural
    micronutrients over the forecast period.
  • The growing application of chelated-iron
    micronutrient fertilizers in the production of
    soybean and alfalfa crops is another major factor
    expected to fuel the growth of the market over
    the forecast timeframe.

7
Figure 2. Global Chelated-Iron Agricultural
Micronutrients Market - Opportunity Analysis
8
Market Trends/Key Takeaways
  • Rising trend of fortifying fertilizer products
    with chelated micronutrients in order to improve
    the soil fertility and prevent nutritional
    deficiency in the plant is expected to boost the
    market growth of chelated-iron agricultural
    micronutrients over the forecast timeframe.
  • Increasing initiatives by the government for
    encouraging agriculture in order to meet the
    rising need of food across the globe is expected
    to foster market growth over the forecast period.
    Moreover, rising focus on expansion of production
    capacity by manufacturer for chelated fertilizers
    is another major trend that has been observed in
    the market. For instance, in June 2017 AkzoNobel
    invested more than US11.09 million in Sweden to
    expand capacity for its chelated micronutrients,
    which are used as essential ingredients in the
    agricultural market.

9
Figure 3. Global Chelated-Iron Agricultural
Micronutrients Market Share, By Application, 2018
Based on applications, cereals segment accounted
for the largest revenue share of 58.5 in terms
of value in 2018, followed by fruits and
vegetables and pulses and oilseeds segment.
10
  • Competitive Section
  • Company Names 
  • ADAMA Agricultural Solutions Ltd.
  • Agrium Inc.
  • Akzo Nobel N.V.
  • Auriga Industries A/S
  • BASF SE
  • Bayer CropScience AG
  • Compass Minerals International Inc.
  • E. I. DUPONT DE NEMOURS AND COMPANY
  • Land OLakes Inc. Monsanto Co.
  • Nufarm Limited
  • Sumitomo Chemical Co., Ltd
  • Syngenta International AG
  • The Dow Chemical Co.
  • The Mosaic Company
  • Yara International ASA
  • Other Companies

11
  • ATP Nutrition
  • Baicor, L.C.
  • Brandt Consolidated Inc.
  • Grow More Inc.
  • Kay-Flo
  • Micnelf USA Inc.
  • Nutra-Flo Company (K- Flo)
  • Stoller USA, Inc.
  • Verdesian Life Sciences, LLC (QC Corporation)
  • Few Recent Developments
  • ADAMA Agricultural Solutions Ltd
  • In November 2017, ADAMA and Ceradis B.V.
    announced they have entered into an RD agreement
    to develop new, innovative and sustainable crop
    protection products based on ADAMAs active
    ingredients and Ceradis technology

12
  • Bayer Crop Science AG
  • In January 2015, Bayer CropSciences new
    insecticide Sivanto was registered in the U.S.
    The product was developed to control pests
    attacks on fruits and vegetables and is
    anticipated to be available by the end of 2015
  • In February 2015, Bayer CropScience launched
    YouFarm International, the first global web video
    competition for farmers, to help increase
    awareness and boost understanding of modern
    agriculture techniques
  • In February 2015, Bayer CropScience and GLOBALGAP
    signed an agreement to further strengthen their
    collaboration for the implementation of
    sustainable farm practices to help fruit and
    vegetable growers worldwide
  •  E. I. Dupont De Nemours And Company 
  • In March 2015, DuPont Pioneer hybrid maize study
    demonstrated great yield advantage of AQUAmax and
    Optimum branded maize hybrid seeds, which can
    enable farmers to achieve more stable yields
    under drought-stress conditions and high
    productivity potential in favorable growing
    conditions
  • The Dow Chemical Co.
  • In August 2015, Dow Chemical International Pvt.
    Ltd. (Dow India) on August 4, 2015 launched its
    new product for soil enrichment, Nutribuild,
    which will be available as a chelated fertiliser
    mix for standard micronutrients as well as
    non-chelated silicon micronutrient in Maharashtra

13
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    /market-insight/chelated-iron-agricultural-micronu
    trient-market-3140

14
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15
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16
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