Precision Business Insights published a research report on “Metal Chelates Market: By Product Type (Micronutrients, Primary nutrients, Secondary nutrients, Others), By Crop Type (Fruits and vegetables, Oilseeds and pulses, Cereals and grains, Others), By Mode Of Application (Foliar, Soil, Fertigation, Others), and Geography– Global/Region/Country Forecast to 2027.”
Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on “ Metal Chelates Market: By Product Type (Micronutrients, Primary nutrients, Secondary nutrients, Others), By Crop Type (Fruits and vegetables, Oilseeds and pulses, Cereals and grains, Others), By Mode Of Application (Foliar, Soil, Fertigation, Others), and Geography– Global/Region/Country Forecast to 2027″,
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Metal Chelates are the chemical substances that consist of chelating agents having a metal ion. These are used as soil additives and provide the micronutrients, which are essential for the growth of plants. Organic substances like hydroxamate siderophores are natural chelating agents, which cannot improve the crop yield. These chelating agents are available in soil field. EDTA, are the most frequently used synthetic chelating agents because of their adaptable nature as well as wide scope of use.
There are several factors that are projected to impel the metal chelates market growth during the forecast period owing to growing demand for better crop yield, increasing awareness about the nutritional need for the growth of the plant, increase in the utilization of metal chelates as micronutrient fertilizers for plants, deterioration of the soil quality and pH level, huge change in organic farming practices and increasing demand for better crop yield. On the other hand, there are a few factors that can hinder the metal chelates market growth such as dearth of awareness about metal chelates in underdeveloped regions, unfavorable effects related to excess use of chelating agents and effect of non-biodegradable metal chelates. In addition, launching of new novel products having less side effects are projected to bring huge growth opportunities for the key players operating in metal chelates market. Another market driving factor is chelated nutrients use in animal feed.
Impact of COVID-19 on Metal Chelates Market:
In addition, the report discusses the implications of COVID-19, including the industry’s initial response and strategies for ensuring business continuity in the coming years.
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Geographical Analysis – Metal Chelates Market:
Metal chelates market is classified into several leading regions, which include Asia pacific, North America, Europe, Africa and Middle East. Metal chelates market growth in North America is driven by increasing R&D to launch new products and growing awareness about soil nutrition. Europe metal chelates market witnessed considerable share because of the increasing demand for the enhancement of crop yield, growing awareness amid people about the food safety and increase in soil infertility because of the fast industrialization in Europe.
Numerous major industry players working in metal chelates market, which include Akzo Nobel N.V. (Netherlands), Haifa Chemicals Limited (Israel), Syngenta AG (Switzerland), The Dow Chemical Company (U.S.), BASF SE (Germany), Syngenta AG (Switzerland), and Valagro SPA (Italy).
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