The Global Chelated Iron Agricultural Micronutrient Market size was estimated at USD 1,270.6 million in 2017 and is projected to reach USD 2,062.1 million by 2028, growing at a CAGR of 5.7% from 2018 to 2028. The growth of the global chelated iron agricultural micronutrient market is driven by factors such as increasing awareness about the benefits of using fertilizers in the agriculture sector and continuous increase in demand for food products across the globe.
Chelated Iron Agricultural Micronutrient is a kind of chemical, which has an organic or inorganic chelate structure. Chelates are molecules that bind to metal ions and form more complex structures called chelates. The most common metal ion found in many types of Chelated iron agricultural micronutrients is Fe(III) (Iron). In nature, there are various forms of minerals containing Iron such as hematite and magnetite with different levels of oxidation states from zero to three [Fe0-IV]. Hematite is highly oxidized while Magnetite contains no oxygen. Some natural mineral deposits can also contain ferrous oxide (rust), which may be used for manufacturing commercial products using processes like hot pressing or powder.
Chelated Iron Agricultural Micronutrient is used in the agricultural sector to increase crop yields by improving plant growth and increasing nutrient uptake. Chelates can also be applied as a foliar spray, which can enhance the vigor of plants without affecting their photosynthesis activity or breaking down into toxic substances when exposed to sunlight. The use of chelated iron micronutrients has been shown to improve the wheat yield from 23% up to 50%. This effect on general plant health may not only result in increased production but reduced disease incidence due to the vigorous plant condition created with regular application.
On the basis of Type, the market is segmented into Organic Chelated Iron and Inorganic Chelated Iron.
Chelated Iron is considered to be one of the most important micro-nutrients for human health, especially when it comes to women and children. It’s an essential part of hemoglobin formation in red blood cells which increases oxygen uptake. Too much or too little can have negative effects on humans.
The global organic chelated iron agriculture micronutrient market size has increased significantly and this growth can be attributed to an increase in awareness among consumers about benefits associated with products that are free-from chemicals; however, this may not lead to an expansion as this kind of product also costs more than its counterparts (inorganic).
Inorganic Chelated Iron is a type of EDTA chelated iron fertilizer. It can be applied to crops in several ways, including through foliar spraying or soil application. Inorganic Chelated Iron contains no organic ingredients and typically less than 0.02% sulfur for corrosion control purposes. The product has been used by North American farmers in the form of dry granular fertilizer since the 1940s because it allows larger quantities (up to 100 kg/ha) of ferrous sulfate, which dissolves more readily with water so that plants are able to absorb more nutrients from this solution compared with untreated solid forms like ferric oxide.
On the basis of Application, the market is segmented ted into Cereals, Pulses & Oilseeds, Fruits & Vegetables, and Others. The global cereals market is expected to grow at a CAGR of around +0.66% during the forecast period. Rising demand from both end-user industries such as the food processing industry due to an increase in consumption per capita for high nutrient value foods coupled with increasing urbanization is projected to drive the growth of this segment over the next five years or so. Pulses & Oilseeds: The increasing population has led to an increased requirement of protein-rich food items which have been grown on pulses alone (pea beans lentil).
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America dominates the global market for Chelated Iron Agricultural Micronutrients with a share of more than +50% in terms of revenue. The region has been benefitting from rising foreign demand due to increasing population, improving economic conditions, and policies such as Renewable Fuels Standard (RFS) mandating higher use of bio-fuels which is expected to provide an impetus to the agricultural sector over the next five years or so. Latin American countries are expected to show growth potential owing to factors like poverty reduction and initiatives by governments such as promotion of cereals production coupled with investments in modernizing agriculture infrastructure among others.
Up Market Research published a new report titled “Chelated Iron Agricultural Micronutrient Market research report which is segmented by Types (Organic, Inorganic), By Applications (Cereals, Pulses & Oilseeds, Fruits & Vegetables, Others), By Players/Companies Nutrien, Yara International, AkzoNobel, Compass Minerals International, BASF, Monsanto, Bayer, ADAMA Agricultural Solutions, Land Oâ€™Lakes, Nufarm, Sumitomo Chemical, Syngenta International, The Mosaic, Baicor, Brandt Consolidated, Grow More, KayFlo, Micnelf USA, Nutra-Flo, Stoller USA, Verdesian Life Sciences, DuPont”.
|Report Attributes||Report Details|
|Report Title||Chelated Iron Agricultural Micronutrient Market Research Report|
|By Type||Organic, Inorganic|
|By Application||Cereals, Pulses & Oilseeds, Fruits & Vegetables, Others|
|By Companies||Nutrien, Yara International, AkzoNobel, Compass Minerals International, BASF, Monsanto, Bayer, ADAMA Agricultural Solutions, Land Oâ€™Lakes, Nufarm, Sumitomo Chemical, Syngenta International, The Mosaic, Baicor, Brandt Consolidated, Grow More, KayFlo, Micnelf USA, Nutra-Flo, Stoller USA, Verdesian Life Sciences, DuPont|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||249|
|Number of Tables & Figures||175|
|Customization Available||Yes, the report can be customized as per your need.|
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.
The market is segmented by Type Organic, Inorganic and By Application Cereals, Pulses & Oilseeds, Fruits & Vegetables, Others.
Some of the companies that are profiled in this report are:
Chelated Iron Agricultural Micronutrient 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.
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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.
We have studied the Chelated Iron Agricultural Micronutrient 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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