The chelated micronutrients global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Chelated Micronutrients Market, 2024 report by The Business Research Company
offers comprehensive insights into the current state of the market and
highlights future growth opportunities.
Market Size -
The chelated micronutrients market size has grown strongly in recent years. It
will grow from $1.13 billion in 2023 to $1.24 billion in 2024 at a compound
annual growth rate (CAGR) of 9.7%. The growth in the historic period can be
attributed to increasing need for water treatment, rising demand from chemical
manufacturing industries, need to comply with environmental and safety
regulations, global focus on energy efficiency.
The chelated micronutrients market size is expected to see strong growth in the
next few years. It will grow to $1.69 billion in 2028 at a compound annual
growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed
to growing focus on esg (environmental, social, and governance) practices,
rising investments in renewable energy, expansion of industrial infrastructure,
oil and gas exploration and production, shift towards industry 4.0 practices..
Major trends in the forecast period include integration of ai and machine
learning, focus on sustainability and social responsibility, increasing
adoption of cloud-based solutions, increased collaboration and integration,
rising adoption in the financial services industry, increasing focus on
customer behavior and preferences.
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Scope Of Chelated Micronutrients Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Chelated Micronutrients Market Overview
Market Drivers -
The growing consumer demand for nutrient-rich foods is expected to propel the
growth of the chelated micronutrient market going forward. Nutrient-rich foods
refer to foods that provide substantial amounts of vitamins, minerals, and
other nutrients with relatively few calories. Chelated micronutrients are
commonly used in nutrient-rich foods to increase the absorption of
micronutrients, making them more effective in promoting health benefits and
addressing deficiencies. For instance, in February 2023, according to
Statistics Canada, a Canada-based government agency, fruit and vegetable
farm-gate sales rose 13.1% in 2022 to $3.0 billion compared with 2021.
Therefore, growing consumer demand for nutrient-rich foods is driving the
growth of the chelated micronutrient market.
Market Trends -
Major companies operating in the chelated micronutrients market are focusing on
developing innovative technology, such as green chelation technology, to supply
micronutrients to plants. For instance, in 2021, Green chelation technology
refers to a set of environmentally friendly practices that use chelation to
achieve various goals, primarily in industrial and environmental applications.
Hello Nature Bioscience, a US-based, leading company in the research and
production of sustainable solutions in agriculture, launched the concept of
green chelation technology, Biochelation. This technology is a 100% natural,
sustainable, and environmentally friendly approach to chelation based on
vegetal peptides. The technology is used to supply micronutrients in biochelated
form to the plant in order to optimize their absorption and, at the same time,
boost plant metabolism. Key + Technology introduces a new range of products
called KeyLAN, which is designed to revolutionize the market for chelated
micronutrients.
The chelated micronutrients market covered in this report is segmented –
1) By Nutrient: Zinc, Manganese, Copper, Boron, Molybdenum, Iron, Other
Nutrients
2) By Form: Dry, Liquid, Other Forms
3) By Crop Type: Grains And Cereals, Pulses And Oilseeds, Commercial Crops,
Fruits And Vegetables, Turf And Ornamentals
4) By Application: Soil, Foliar, Fertigation, Other Applications
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Regional Insights -
Asia-Pacific was the largest region in the chelated micronutrients market in
2023. The regions covered in the chelated micronutrients market report are
Asia-Pacific, Western Europe, Eastern Europe, North America, South America,
Middle East, Africa.
Key Companies -
Major companies operating in the chelated micronutrients market report are BASF
SE, Dow Inc., Bayer AG, CHS Inc., Mitsubishi Chemical Corporation, Syngenta
International AG, Yara International ASA, Sumitomo Chemical Co. Ltd., Monsanto
Company, E. I. DUPONT DE NEMOURS AND COMPANY, Akzo Nobel N.V., Nouryon
Specialty Chemicals B.V., ADAMA Agricultural Solutions Ltd., Nufarm Limited,
Innospec Inc., Auriga Industries A/S, Brandt Consolidated Inc., Stoller Inc.,
COMPO EXPERT GmbH, Haifa Negev Technologies Ltd., Verdesian Life Sciences LLC,
Aries Agro Limited, Deretil Agronutritional SLU, Grow More Inc., Protex
International SA, Baicor LLC, ATP Nutrition Ltd., Ava Chemicals Private
Limited, Chittari Agricare Pvt. Ltd., Napnutriscience, Shandong Iro Chelating
Chemical Co. Ltd.
Table of Contents
1. Executive Summary
2. Chelated Micronutrients Market Report Structure
3. Chelated Micronutrients Market Trends And Strategies
4. Chelated Micronutrients Market – Macro Economic Scenario
5. Chelated Micronutrients Market Size And Growth
…..
27. Chelated Micronutrients Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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