Chelated–Iron Agricultural Micronutrient Market

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CHELATED-IRON AGRICULTURAL MICRONUTRIENT MARKET
ANALYSIS

• ChelatedIron Agricultural Micronutrient Market
  Report, by Application (Cereals, Fruits
  vegetables, Pulses Oilseeds and Others), and by
  Region (North America, Latin America, Asia
  Pacific, Europe, and Middle East Africa) -
  Size, Share, Outlook, and Opportunity Analysis,
  2019 2027

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• Definition of Market/Industry
• Chelated-iron micronutrients are mostly used in
  the soil with high pH value and soil with low
  organic matter content to reduce the iron
  deficiency in the soil. Chelated-iron
  micronutrients are beneficial for soil by
  providing metal ion to the soil which can be
  directly absorbed by plant or crop. They help to
  prevent the precipitation of metal with
  phosphates in the soil which can impact the
  quality of the soil. Moreover, they control and
  regulate the physiological activities in crops to
  enhance the crop yield.
• Statistics
• The global chelated-iron agricultural
  micronutrients market was valued at US 44.98 Mn
  in 2018 and is anticipated to reach US 81.43 Mn
  by the end of 2027, growing at a CAGR of 6.8
  during the forecast period (2019 to 2027).
• Drivers
• Increasing deforestation activities and
  industrialization has resulted in lack of arable
  land across the globe which in turn has led to
  the growing demand for high yield crop
  production.  This is expected to fuel the growth
  of the chelated-iron agricultural micronutrients
  market over the forecast period. Moreover,
  deficiency of iron in soil especially in the
  Mediterranean region is also raising the demand
  for chelated-iron micronutrients.
• The growing population base is raising the demand
  for effective fertilizers for nutrition enriched
  crops due to rising cases of iron-deficiency
  cases such as anemia around the globe. Increasing
  initiatives of preventing and reducing anemia
  cases is expected to propel the market growth of
  chelated-iron agricultural micronutrients.
  According to the article, Global Nutrition
  Targets 2025-Anaemia Policy Brief published by
  World Health Organization (WHO) in 2014, in 2012,
  WHO has set the target of 50 reduction of
  anaemia in women of reproductive age by 2025.
• Statistics
• North America region dominated the global
  chelated-iron micronutrients market in 2018,
  accounting for 46.6 share in terms of value
  followed by North America and Europe.

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Figure 1. Global Chelated-Iron Agricultural
Micronutrients Market Share, By Region, 2018
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Market
Restraints

• The high cost of chelated-iron micronutrients
  fertilizers is a major factor expected to hamper
  the market growth of chelated-iron
  micronutrients. Other factors such as harsh
  climatic conditions and changing government rules
  and regulations are also expected to curb the
  market growth of chelated-iron agricultural
  micronutrients.
• Moreover, fluctuating economic condition which
  leads to uneven supply-demand is also expected to
  hinder the market growth of the chelated-iron
  agricultural micronutrients. Moreover, nations
  with weak government regulations have a negative
  impact on the raw materials which are used for
  crop production, this is also expected to
  restrain the market growth of chelated-iron
  agricultural micronutrients.

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Market Opportunities

• Rising usage of chelated-iron micronutrients
  fertilizers in ornamental plants and turf-grasses
  coupled with the increasing government
  initiatives for creating greenery such as green
  gardens and leisure parks is projected to foster
  the market growth of chelated-iron agricultural
  micronutrients over the forecast period.
• The growing application of chelated-iron
  micronutrient fertilizers in the production of
  soybean and alfalfa crops is another major factor
  expected to fuel the growth of the market over
  the forecast timeframe.

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Figure 2. Global Chelated-Iron Agricultural
Micronutrients Market - Opportunity Analysis
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Market Trends/Key Takeaways

• Rising trend of fortifying fertilizer products
  with chelated micronutrients in order to improve
  the soil fertility and prevent nutritional
  deficiency in the plant is expected to boost the
  market growth of chelated-iron agricultural
  micronutrients over the forecast timeframe.
• Increasing initiatives by the government for
  encouraging agriculture in order to meet the
  rising need of food across the globe is expected
  to foster market growth over the forecast period.
  Moreover, rising focus on expansion of production
  capacity by manufacturer for chelated fertilizers
  is another major trend that has been observed in
  the market. For instance, in June 2017 AkzoNobel
  invested more than US11.09 million in Sweden to
  expand capacity for its chelated micronutrients,
  which are used as essential ingredients in the
  agricultural market.

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Figure 3. Global Chelated-Iron Agricultural
Micronutrients Market Share, By Application, 2018
Based on applications, cereals segment accounted
for the largest revenue share of 58.5 in terms
of value in 2018, followed by fruits and
vegetables and pulses and oilseeds segment.
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• Competitive Section
• Company Names 
• ADAMA Agricultural Solutions Ltd.
• Agrium Inc.
• Akzo Nobel N.V.
• Auriga Industries A/S
• BASF SE
• Bayer CropScience AG
• Compass Minerals International Inc.
• E. I. DUPONT DE NEMOURS AND COMPANY
• Land OLakes Inc. Monsanto Co.
• Nufarm Limited
• Sumitomo Chemical Co., Ltd
• Syngenta International AG
• The Dow Chemical Co.
• The Mosaic Company
• Yara International ASA
• Other Companies

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• ATP Nutrition
• Baicor, L.C.
• Brandt Consolidated Inc.
• Grow More Inc.
• Kay-Flo
• Micnelf USA Inc.
• Nutra-Flo Company (K- Flo)
• Stoller USA, Inc.
• Verdesian Life Sciences, LLC (QC Corporation)
• Few Recent Developments
• ADAMA Agricultural Solutions Ltd
• In November 2017, ADAMA and Ceradis B.V.
  announced they have entered into an RD agreement
  to develop new, innovative and sustainable crop
  protection products based on ADAMAs active
  ingredients and Ceradis technology

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• Bayer Crop Science AG
• In January 2015, Bayer CropSciences new
  insecticide Sivanto was registered in the U.S.
  The product was developed to control pests
  attacks on fruits and vegetables and is
  anticipated to be available by the end of 2015
• In February 2015, Bayer CropScience launched
  YouFarm International, the first global web video
  competition for farmers, to help increase
  awareness and boost understanding of modern
  agriculture techniques
• In February 2015, Bayer CropScience and GLOBALGAP
  signed an agreement to further strengthen their
  collaboration for the implementation of
  sustainable farm practices to help fruit and
  vegetable growers worldwide
•  E. I. Dupont De Nemours And Company 
• In March 2015, DuPont Pioneer hybrid maize study
  demonstrated great yield advantage of AQUAmax and
  Optimum branded maize hybrid seeds, which can
  enable farmers to achieve more stable yields
  under drought-stress conditions and high
  productivity potential in favorable growing
  conditions
• The Dow Chemical Co.
• In August 2015, Dow Chemical International Pvt.
  Ltd. (Dow India) on August 4, 2015 launched its
  new product for soil enrichment, Nutribuild,
  which will be available as a chelated fertiliser
  mix for standard micronutrients as well as
  non-chelated silicon micronutrient in Maharashtra

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