Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

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.

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

Chelated-Iron Agricultural Micronutrient  | Coherent Market Insights

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.

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.

Figure 2. Global Chelated-Iron Agricultural Micronutrients Market - Opportunity Analysis

Chelated-Iron Agricultural Micronutrient  | Coherent Market Insights

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 US$11.09 million in Sweden to expand capacity for its chelated micronutrients, which are used as essential ingredients in the agricultural market.

Figure 3. Global Chelated-Iron Agricultural Micronutrients Market Share, By Application, 2018

Chelated-Iron Agricultural Micronutrient  | Coherent Market Insights

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.

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 O’Lakes Inc. Monsanto Co.
  • Nufarm Limited
  • Sumitomo Chemical Co., Ltd
  • Syngenta International AG
  • The Dow Chemical Co.
  • The Mosaic Company
  • Yara International ASA
  • Other Companies
    • 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 R&D agreement to develop new, innovative and sustainable crop protection products based on ADAMA’s active ingredients and Ceradis’ technology
  • Bayer Crop Science AG
    • In January 2015, Bayer CropScience’s new insecticide Sivanto was registered in the U.S. The product was developed to control pest’s 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

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 (US$ 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

Detailed Segmentation:

  • Global Chelated-iron agricultural micronutrients Market, By Application:
    • Cereals
    • Fruits and Vegetables
    • Pulses and Oilseeds
    • Others
  • Global Chelated-iron agricultural micronutrients Market, By Region:
    • North America
      • U.S.
        • By Application
          • Cereals
          • Fruits and Vegetables
          • Pulses and Oilseeds
          • Others
      • Canada
        • By Application:
          • Cereals
          • Fruits and Vegetables
          • Pulses and Oilseeds
          • Others
    • Europe
      • U.K.
        • By Application
          • Cereals
          • Fruits and Vegetables
          • Pulses and Oilseeds
          • Others
      • Germany
        • By Application
          • Cereals
          • Fruits and Vegetables
          • Pulses and Oilseeds
          • Others
      • Italy
        • By Application
          • Cereals
          • Fruits and Vegetables
          • Pulses and Oilseeds
          • Others
      • France
        • By Application
          • Cereals
          • Fruits and Vegetables
          • Pulses and Oilseeds
          • Others
      • Russia
        • By Application
          • Cereals
          • Fruits and Vegetables
          • Pulses and Oilseeds
          • Others
      • Rest of Europe
        • By Application
          • Cereals
          • Fruits and Vegetables
          • Pulses and Oilseeds
          • Others
    • Asia Pacific
      • China
        • By Application
          • Cereals
          • Fruits and Vegetables
          • Pulses and Oilseeds
          • Others
      • India
        • By Application
          • Cereals
          • Fruits and Vegetables
          • Pulses and Oilseeds
          • Others
      • Japan
        • By Application
          • Cereals
          • Fruits and Vegetables
          • Pulses and Oilseeds
          • Others
      • ASEAN
        • By Application
          • Cereals
          • Fruits and Vegetables
          • Pulses and Oilseeds
          • Others
      • Australia
        • By Application
          • Cereals
          • Fruits and Vegetables
          • Pulses and Oilseeds
          • Others
      • South Korea
        • By Application
          • Cereals
          • Fruits and Vegetables
          • Pulses and Oilseeds
          • Others
      • Rest of Asia Pacific
        • By Application
          • Cereals
          • Fruits and Vegetables
          • Pulses and Oilseeds
          • Others
    • Latin America
      • Brazil
        • By Application
          • Cereals
          • Fruits and Vegetables
          • Pulses and Oilseeds
          • Others
      • Mexico
        • By Application
          • Cereals
          • Fruits and Vegetables
          • Pulses and Oilseeds
          • Others
      • Rest of Latin America
        • By Application
          • Cereals
          • Fruits and Vegetables
          • Pulses and Oilseeds
          • Others
    • Middle East
      • GCC
        • By Application
          • Cereals
          • Fruits and Vegetables
          • Pulses and Oilseeds
          • Others
      • Israel
        • By Application
          • Cereals
          • Fruits and Vegetables
          • Pulses and Oilseeds
          • Others
      • Rest of Middle East
        • By Application
          • Cereals
          • Fruits and Vegetables
          • Pulses and Oilseeds
          • Others
    • Africa
      • Northern Africa
        • By Application
          • Cereals
          • Fruits and Vegetables
          • Pulses and Oilseeds
          • Others
      • Central Africa
        • By Application
          • Cereals
          • Fruits and Vegetables
          • Pulses and Oilseeds
          • Others
      • South Africa
        • By Application
          • Cereals
          • Fruits and Vegetables
          • Pulses and Oilseeds
          • Others
  • Company Profiles
    • ADAMA Agricultural Solutions Ltd *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Agrium Inc.
    • Akzo Nobel N.V.
    • Auriga Industries A/S
    • BASF SE
    • Bayer CropScience AG
    • E. I. DUPONT DE NEMOURS AND COMPANY  
    • Land O’Lakes Inc. Monsanto Co.
    • Nufarm Limited
    • The Dow Chemical Co.

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Mergers and Acquisitions
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
  4. Global Chelated-Iron Agricultural Micronutrients Market, By Application, 2017- 2027 (US$ Million & Tons)
    • Introduction
      • Market Share Analysis, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Cereals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million & Tons)
    • Fruits and Vegetables
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million & Tons)
    • Pulses and Oilseeds
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million & Tons)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million & Tons)
  5. Global Chelated-Iron Agricultural Micronutrients Market, By Region, 2017- 2027 (US$ Million & Tons)
    • Introduction
      • Market Share Analysis, By Region, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2019 - 2027
    • North America
      • Market Share Analysis, By Country, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
    • Europe
      • Market Share Analysis, By Country, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • France
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Rest of Europe
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
    • Asia Pacific
      • Market Share Analysis, By Country, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • China
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • India
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Rest of Asia Pacific
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
    • Latin America
      • Market Share Analysis, By Country, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Rest of Latin America
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
    • Middle East
      • Market Share Analysis, By Country, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • GCC
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Israel
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Rest of Middle East
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
    • Africa
      • Market Share Analysis, By Country/Region, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country/Region, 2019 - 2027
        • Northern Africa
          • Region Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Central Africa
          • Region Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • South Africa
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
  6. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • ADAMA Agricultural Solutions Ltd
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Agrium Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Akzo Nobel N.V.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Auriga Industries A/S  
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • BASF SE
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Bayer CropScience AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • E. I. DUPONT DE NEMOURS AND COMPANY  
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Land O’Lakes Inc. Monsanto Co.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Nufarm Limited   
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • The Dow Chemical Co.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
  7. Section
    • References
    • Research Methodology
    • About us and Sales Contact

* Browse 25 market data tables* and 15 figures* on "Chelated-Iron Agricultural Micronutrients Market” - Global forecast to 2027.

Frequently Asked Questions

The chelated-iron agricultural micronutrient market is estimated to reach US$ 81.78 Mn by the end of 2027.
The chelated-iron agricultural micronutrient market is expected to exhibit a CAGR of 6.8% over the forecast period (2019-2027).
Major players operating in the chelated-iron agricultural micronutrient market include 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, Sumitomo Chemical Co., Ltd, Syngenta International AG, The Dow Chemical Co., The Mosaic Company, Yara International ASA, and others.
High cost of chelated-iron micronutrients fertilizers and fluctuating economic condition leading to uneven supply-demand are the major factors that are expected to hamper growth of the market over the forecast period.
The increasing deforestation activities and industrialization resulting in increasing demand for high yield crop production, coupled with rising demand for effective fertilizers for nutrition enriched crops are the major factors that are expected to augment growth of the market over the forecast period.
Fortifying fertilizer products with chelated micronutrients, in order to improve the soil fertility and prevent nutritional deficiency in the plant is the major trend that has been observed in the market.
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