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The Agricultural Chelates Market is likely to witness an impressive CAGR of 6.7% during the forecast period. The prime factor that is contributing to the demand for Agricultural Chelates is the increasing demand for Agricultural Chelates in various industries.
This report on the Agricultural Chelates Market has been put together covering various companies of the industry from different geographies. The study is a perfect blend of qualitative and quantitative research highlighting vital market developments, challenges and competition that the industry might face, along with opportunities and trends available in the Agricultural Chelates Market. The report intends to present a thorough analysis of the Agricultural Chelates Market and provide cutting-edge market intelligence to help decision makers undertake a sound investment evaluation. Besides, the report also classifies and analyses the emerging trends along with major growth drivers.
Agricultural Chelates Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges act as extrinsic factors affecting the market. The report aims at answering several key questions concerning the overall profitability in the market.
Few key players operating in the Agricultural Chelates Market are-
Aries Agro Ltd.
BASF SE
Greensmiths, Inc.
Haifa Chemicals
Nouryon
Nufarm Ltd
Syngenta AG
The Andersons, Inc.
The Dow Chemical Company
Wilbur-Ellis Company Inc.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Agricultural Chelates Market value and growth drivers over the trend period of 2022-27. According to the report -
Agricultural Chelates Market is likely to witness an impressive CAGR of 7.5% during the forecast period. The major factors contributing to the growing demand for agricultural chelates are the increasing usage of high-value crops and reduction in the arable land.
Segment Analysis:
Based on Type:
Based on the type, the market is segmented as EDTA, EDDHA, DTPA, IDHA, and others. EDTA is estimated to be the fastest-growing segment of the market during the forecast period. EDTA chelates agent enable the plant to absorb high amount of micronutrients and provide an excellent binding capability when they are used with crucial micronutrients, such as iron, manganese, copper, and zinc, which results in an improved quality of crop growth, fueling the growth of the agricultural chelates market.
Based on Region:
In terms of regions, Europe held the largest share of the agricultural chelates market in 2021, and is estimated to govern the market during the forecast period. Due to the growing demand from the European countries, Spain and the Netherlands have an increased cultivated area, including greenhouse as well. Also, these countries have export demands for a wide range of crops, such as pulses, fruits, cereals, oilseeds, and cash crops. The growth of the crop is highly dependent on the type of soil, which varies from region to region. The lack of micronutrients in soils as reported across Europe is expected to drive the growth of the agricultural chelates market. North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
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