Global Agriculture Grade Zinc Chemicals Market by Product (Zinc Sulphate, Zinc Oxide, EDTA Chelated Zinc) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Industry Insights

Global agriculture grade zinc chemicals market was valued at USD 673.8 millions in 2018. It is expected to grow 6.3% between 2019 and 2025. The growth is expected to be driven by a growing demand for zinc chemicals that can increase agricultural output per hectare on zinc-deficient agricultural lands. The growth is expected to be accelerated by a growing awareness of the importance of zinc chemicals in agriculture.

For the manufacture of agricultural grade chemicals, the main raw materials are zinc, sulphur and bentonite. All other raw materials, except for chlorine, are natural and readily available. These raw materials are then refined before they can be used as feedstocks for the production of these products.

Zinc sulphate dominated the U.S. agricultural industry with a 56.5% volume share in 2018. Numerous players have been attracted to the vast zinc reserves of the United States, including American Chemet Corporation and Tiger Sul. The fifth-largest producer was U.S. zinc, with a total production of 0.79 millions tons in 2018.

One of the most important products for making agrochemicals is micronutrients. They are essential for maintaining the structural integrity and strength of biological membranes. The International Zinc Association (IZA) estimates that zinc-binding proteins make up around 10% of all proteins in the biological system. According to the Food and Agriculture Organization (FAO), nearly 50% of all agricultural soils in the world are deficient in nutrients.

The IZA has taken initiatives to raise awareness about the symptoms of zinc deficiency among plants. These include leaf chlorosis (changes in leaf color), bronzing, necrotic spots and reduced stem length. These mineral-based products can be added in the early stages of a disease to help prevent crop loss.

Micronutrients can also negatively affect the environment, particularly microorganisms or earthworms found in agricultural soils. The soil can often be carried away to the water bodies and cause damage to aquatic life as well as contaminate the water. Mineral deposits in soil and water bodies can also affect livestock grazing. To reduce their toxic effects, agricultural grade chemical producers are now focusing on water-soluble derivatives.

Derivative Insights

Zinc sulphate was the most widely used derivative, with a volume share at 57.3% for 2018. This product can be used in dairy, cropping and livestock industries. It is typically a free-flowing granulated powder. It is compatible with many products, making it suitable for use in agriculture. Mixing with different sizes of substances may lead to segregation.

EDTA chelated zirconium has been proven to be an effective replacement for sulphate derivatives. EDTA chelated products improve the crop's photosynthesis process. Because of its efficiency and low quantity, this derivative is becoming increasingly popular. It has a high growth potential, and it is expected to register a 6.6% CAGR from 2019 to 2025.

Regional Insights

Asia Pacific was the dominant region in the market for agricultural grade zinc chemicals in 2018. It is expected that it will continue to grow at the highest CAGR over the next few years. It is home to several major agro-economies, including India and China. The region is known for its high levels of zinc production in China and strict regulatory policies that affect the industry. Asia Pacific is forecast to grow at 6.7% in terms of revenue over the forecast period. This growth will be driven by sustainable farming practices.

Europe has been an innovator in advancing agrarian practices around the world for a long time. Zinc deficiency in Europe is much less common than other parts of the globe. However, some countries like Spain, France, Germany and France have significant micronutrient deficiencies in their soils. According to the U.S. Geological Survey in 2018, Sweden was the largest producer of zinc in Europe with 0.22 million tonnes.

The IZA states that the zinc content of French soil differs depending on the textural class. Loamy soil has 63.5 mg/kg, while sandy soils have 17 mg per kilogram. Clayey soils, which are rich in zinc, have around 98 mg/kg. To correct soil deficiencies, sulphate-based derivatives are often used. For the cultivation of maize on alluvial soils that are clayey or calcareous, zinc nitrate can be used to replace its sulfate counterpart.

Market Share insights for Agriculture Grade Zinc Chemicals

Poor soil nutrients are the main reason for rising demand in agriculture. These products are used by major agrochemical manufacturers such as Syngenta AG and UPL Limited. This market is fragmented, with a large number of smaller regional players and only a few large companies that have global supply networks. The market's major players have established long-term relationships with top global distributors.

To increase their product range, production capacity, geographic presence, and brand equity, manufacturers such as IFFCO and Yara International, Zochem LLC and EverZinc have strategically acquired other companies. These mergers and acquisitions will help companies adopt new production technologies. Rubamin, Sulphur Mills Ltd., Aries Agro Ltd. and Prabhat Fertilizer are other relevant industry players.

The Report Covers Certain Segments

This report predicts revenue growth at the global, regional and country levels and offers an analysis of industry trends in each sub-segment from 2014 through 2025. Up Market Research has divided the global market for agriculture grade zinc chemicals on the basis of region and derivative.

• Derivatives Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

  • Zinc Oxide

  • Zinc Sulphate

  • EDTA Chelated Zirc

  • Sulphur Zinc Bentonite

  • Zinc chloride

  • Other

• Regional Outlook (Volume of Kilotons; Revenue USD Millions, 2014-2025)

  • North America

    • U.S

    • Canada

    • Mexico

  • Europe

    • U.K.

    • Germany

    • France

    • Italy

  • Asia Pacific

    • China

    • India

    • Japan

  • Central & South America

    • Brazil

    • Argentina

  • Middle East & Africa

    • Saudi Arabia

These are the most frequently asked questions about this report

b. Global agriculture grade zinc chemicals market was valued at USD 714 million in 2019, and is forecast to grow to USD 758.5 million by 2020.

b. Global agriculture grade zinc chemicals market will grow at 6.3% compound annual growth rate from 2019 to 2025, reaching USD 1,036.4 million in 2025.

b. With a market share of 59.5%, Asia Pacific dominated agriculture grade zinc chemicals in 2019, This can be attributed to the advent of sustainable farming practices, high zinc production mainly in China.

b. IFFCO, Yara International and Zochem LLC are some of the key players in the market for agriculture grade zinc chemicals.

b. Market growth is being driven by rising awareness about the benefits of zinc micronutrients in agriculture and a focus on increasing agricultural output per hectare.

Up Market Research published a new report titled “Agriculture Grade Zinc Chemicals Market research report which is segmented by Product (Zinc Sulphate, Zinc Oxide, EDTA Chelated Zinc), By Players/Companies Aries Agro Ltd, Sulphur Mills Ltd, EverZinc, IFFCO, Rubamin, Zochem LLC, Prabhat Fertilizer, Yara International”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Agriculture Grade Zinc Chemicals Market Report Segments:

The market is segmented by Product (Zinc Sulphate, Zinc Oxide, EDTA Chelated Zinc).

Agriculture Grade Zinc Chemicals Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Agriculture Grade Zinc Chemicals Market

Overview of the regional outlook of the Agriculture Grade Zinc Chemicals Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Agriculture Grade Zinc Chemicals Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Agriculture Grade Zinc Chemicals Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Zinc Sulphate

                2. Zinc Oxide

                3. EDTA Chelated Zinc

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Agriculture Grade Zinc Chemicals Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Agriculture Grade Zinc Chemicals Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.