Segmentation - Chelated–Iron Agricultural Micronutrient Market

Agricultural micronutrients are essential nutritional supplementation for growth of plants. Deficiency of micronutrient may lead to poor growth of the plant, for instance, lime-induced chlorosis is the disorder seen in plants due to iron deficiency. Fertilizers based on chelated agricultural micronutrients increase micronutrient utilization efficiency of the plant.

Factors such as high soil pH, high bicarbonate content, and abiotic stresses reduce the bioavailability of iron (Fe) to the plant. Plants can utilize the iron which is in the ferrous iron (Fe²⁺⁾ form, however plants cannot utilize ferric form (Fe³⁺⁾ of iron. Chelated iron prevents the conversion of Fe²⁺ to Fe³⁺and thereby chelated-iron agricultural micronutrients aid in the growth of plants.

Market Dynamics

The chelated-iron agricultural micronutrients market is segmented on the basis of applications including cereals, fruits and vegetables, pulses & oilseeds, and others such as floriculture. These agricultural products can be treated by micronutrients using various methods such as foliar spray, fertigation, seed treatment, and soil treatment.

Among applications, cereals segment is expected to hold significant market revenue share over the forecast period. This is owing to increasing demand of cereals across the globe due to its easy availability and nutritional benefits. For instance, according to the data published by Food and Agriculture Organization of the United Nations (FAO) in January 2019, global production of cereals was about 5.4 million tons in 2012 which increased to 7.0 million tons in 2017.

Key features of the study

This report provides in-depth analysis of global chelated-iron agricultural micronutrients market and provides market size (USD million & tons) and compound annual growth rate (CAGR %) for the forecast period (2019–2027), considering 2018 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
It profiles leading players in the global chelated-iron agricultural micronutrients market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study includes, 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 O’Lakes Inc. Monsanto Co., Nufarm Limited and The Dow Chemical Co.
Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future products launches, technology up-gradation, market expansion, and marketing tactics
The global chelated-iron agricultural micronutrients market report caters to various stakeholders in this industry including investors, suppliers, chelated-iron agricultural micronutrients manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global chelated-iron agricultural micronutrients market

Market Segmentation