Agricultural Chelates Market Business Outlook with COVID-19 Scenario 2021 to 2030

Kenneth Research, in its repository of market research reports, have recently added a report on the Agricultural Chelates Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Agricultural Chelates Market products.

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The global Agricultural Chelatesmarket was valued at USD 440.0million in 2016 and is projected to reach USD 775.6millionby 2025, growing at a CAGR of 6.50% from 2017 to 2025.
Agricultural chelates are added to the soil to maintain the concentration of micronutrients. The growing awareness regarding soil nutrition is driving demand for these products. However, the toxicity of chemicals involved is a major cause of concern for farmers.

Sample Infographics:

Market Dynamics:
1. Market Drivers
1.1 Growing need of micronutrients in soil
1.2 Use of modern agricultural practices in emerging countries
2. Market Restraints
2.1 Bio-accumulation of non-degradable chelates
2.2 Growing cost of raw materials

Market Segmentation:
The global Agricultural Chelates market is segmented on the type, crop type, application, and region.
1. By Type:
1.1 DTPA
1.2 EDTA
1.3 EDDHA
1.4 IDHA
1.5 Others

2. By Crop Type:
2.1 Vegetables and Fruits
2.2 Pulses and Oilseeds
2.3 Grains and Cereals
2.4 Others

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3. By Application:
3.1 Seed Dressings
3.2 Foliar Sprays
3.3 Soil
3.4 Hydroponics
3.5 Others

4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. BASF SE
2. Shandong Iro Chelating Chemicals Co. Ltd.
3. DeretilAgronutritional
4. AkzoNobel NV
5. Van Iperen International
6. Nufarm Limited
7. Valagro SPA
8. Protex International
9. Haifa Chemicals Ltd.

These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Agricultural Chelates Marketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.

To know more about the Research Methodology of Verified Market Intelligence and other aspects of the research study, kindly get in touch with our sales team.

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