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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