Title: Chelated–Iron Agricultural Micronutrient Market
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2CHELATED-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.
4Figure 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.
6Market 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.
7Figure 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.
9Figure 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
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trient-market-3140
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