PUNE, India, December 6, 2016 /PRNewswire/ --
The report "Metal Chelates Market by Type (Primary Nutrients, Secondary Nutrients, Micronutrients), Mode of Application (Soil, Foliar, Fertigation), Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables), and Region - Global Forecast to 2022", published by MarketsandMarkets, the global market was valued at USD 357.0 Million in 2015, and is projected to grow at a CAGR of 8.54% from 2016, to reach USD 619.5 Million by 2022.
Browse 82 market data Tables and 51 Figures spread through 144 Pages and in-depth TOC on "Metal Chelates Market"
Early buyers will receive 10% customization on this report.
The market is driven by factors such as increasing awareness about the modern agricultural practices are shifting the demand for nutrients towards chelated metals. Decreasing soil quality and deficiencies of micronutrients in most part of the globe affects the agricultural production. This has also resulted in increasing demand for the chelated metals.
The micronutrients projected to be fastest growing segment from 2016 to 2022
The micronutrients segment is forecast to grow at the highest CAGR from 2016 to 2022. The micronutrients such as zinc and boron are found deficient in soils in most of the regions which, in turn, affects the production of the crop. The farmers are now increasingly aware of this fact, and are using more chelated micronutrients.
The fruits & vegetables segment expected to grow at significant rate during the forecast period
The fruits & vegetables are highly sensitive to the deficiencies of nutrients in the soil. They also of high value. The increased demand for fruits & vegetables and their sensitivity towards nutrients is driving the demand for metal chelates in this segment.
The Asia-Pacific region forecast to grow at highest rate from 2016 to 2022
The Asia-Pacific region is projected to grow at the highest CAGR during the forecast period, owing to the factors such as growth in population, rise in disposable incomes, progressive urbanization, and increase in demand for food products. Growth is majorly witnessed in China, India, Australia, and New Zealand owing to increase in the purchasing power of the population.
The Metal Chelates Market report includes a study of marketing and development strategies, along with the product portfolios of leading companies, such as BASF SE (Germany), Akzo Nobel N.V. (The Netherlands), Syngenta AG (Switzerland), Nufarm Limited (Australia), and Haifa Chemicals Limited (Israel).
Browse related reports:
Agricultural Chelates Market by Type (EDTA, EDDHA, DTPA, & IDHA), Application (Soil, Seed Dressing, Foliar Sprays, & Hydroponics), Crop Type, & by Region - Global trends & Forecast to 2020
Agricultural Micronutrients Market by Type (Zinc, Boron, Copper, Manganese, Molybdenum & Iron), Mode of Application (Soil, Foliar & Fertigation), Form (Chelated & Non-Chelated), Crop Type, and by Region - Global Trends & Forecast to 2021
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Subscribe Reports from Agriculture Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
Visit MarketsandMarkets Blog@http://www.marketsandmarketsblog.com/market-reports/agriculture-industry
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets