Chelated Iron Agricultural Micronutrients Market
Chelated Iron Agricultural Micronutrients Market Size, Share & Trends Analysis Report, By Type (Organic and Inorganic), By Application (Cereals, Pulses and Oilseeds, and Fruits and Vegetables), Forecast Period (2022-2028) Update Available - Forecast 2024-2030
Chelated iron agricultural micronutrients market is anticipated to grow at a CAGR of 6.9% during the forecast period. The rising inclination towards consuming healthy food has resulted in increasing focus on farmers boosting their agriculture productivity by using advanced nutrient ingredients and fertilizers. However, the rapid shift in consumer behavior has also encouraged food manufacturers towards utilizing premium and high-quality supplements in their products to meet the current rising market demand. Moreover, the rise in efforts of the government to support the agriculture sector along with the contribution of the agriculture sector to the country’s GDP led to the expansion of the global chelated iron agricultural micronutrients market. For instance, as per the US Department of Agriculture (USDA), agriculture, food, and related industries contributed $1.05 trillion to the US GDP in 2020. Moreover, with an 11.9% share, food ranked third- behind housing and transportation in terms of expenditures of the US household in 2020. The restraining factor that hinders the market growth is the lack of awareness among the farmers regarding the proper utilization and benefits of micronutrients such as zinc, copper, and iron, which creates a challenge for the growth of the global chelated iron agricultural micronutrients market.
Segmental Outlook
The global chelated iron agricultural micronutrients market is segmented based on type and application. Based on type, the market is segmented into organic and inorganic. Based on application, the market is sub-segmented into cereals, pulses and oilseeds, and fruits and vegetables. Based on type, the organic fertilizers segment is expected to grow at a steady rate, owing to the various benefits provided by organic fertilizers. Organic fertilizer offers the best nutrients for plant growth, is not immediately absorbed into the plants, and is far safer for the overall crop for both grazers and farmers.
Regional Outlook
The global chelated iron agricultural micronutrients market is further segmented based on geography including North America (The US and Canada), Europe (Italy, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa and Latin America). European region has witnessed significant growth during the forecast period. Increasing demand for organic and nutrient-rich food and advancement in the manufacturing process of organic fertilizers are some of the prominent factors driving the global chelated iron agricultural micronutrients market in the European region.
North America holds a significant share in the market. The region is the key exporter of agricultural products and is mainly dominated by large-scale production. Factors such as fertile soil, technological advancements in the field of farming, and the availability of immense water supply led to the expansion of the market in the North American region. The trade data published by the Department of Commerce in February 2022 shows that exports of US farm and food products totalled $177 billion, topping the 2020 total by 18% and eclipsing the previous set record.
Global Chelated Iron Agricultural Micronutrients Market Growth, by Region 2021-2028
Market Players Outlook
The major companies operating in the global chelated iron agricultural micronutrients market include Aries Agro Ltd., BASF Corp., Nufarm Ltd., Yara International ASA and AkzoNobel NV. The market players are contributing significantly to the market growth by the adoption of various strategies including partnerships, mergers and acquisitions, collaborations, and new product launches, to stay competitive in the market. For instance, in September 2021, Yara Suomi announced the acquisition of Ecolan Oy. With this acquisition, Yara expanded its offering into the growing organic farming segment in Europe and improved the nutrients use efficiency in this segment by capitalizing on the deep crop nutrition knowledge.
Further, in April 2021, Koch Agronomic Services, LLC reached an agreement with Compass Minerals to acquire Compass Minerals’ North American micronutrient assets. Through the acquisition of the micronutrient assets, Koch will expand its ability to support growers across the globe to improve efficiency, utilization, and uptake of nutrients beyond nitrogen. Koch currently markets and distributes a proven portfolio of enhanced efficiency fertilizer products in more than 55 countries and looks forward to continuing the growth and innovation of the micronutrient product portfolio.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global chelated iron agricultural micronutrients market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Recovery Scenario of the Global Chelated Iron Agricultural Micronutrients Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight and Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Aries Agro Ltd.
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. BASF SE
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. AkzoNobel NV
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.3.5. Recent Developments
3.1.4. Nufarm Ltd.
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.4.5. Recent Developments
3.1.5. Yara International ASA
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.1.5.5. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Chelated Iron Agricultural Micronutrients Market by Type
4.1.1. Organic
4.1.2. Inorganic
4.2. Global Chelated Iron Agricultural Micronutrients Market by Application
4.2.1. Cereals
4.2.2. Pulses and Oilseeds
4.2.3. Fruits and Vegetables
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Agroplasma S.L
6.2. Andersons, Inc.
6.3. ATP Nutrition
6.4. Aushadh Ltd
6.5. Baicor LLC
6.6. Brandt Inc.
6.7. Compo Expert GmbH
6.8. Haifa
6.9. Micronisers Pty Ltd.
6.10. Napnutriscience
6.11. Nouryon Chemicals Holding B.V.
6.12. Nutrien Ltd.
6.13. SQM
6.14. Valagro S.P.A
6.15. Verdesian Life Sciences
1. GLOBAL CHELATED IRON AGRICULTURAL MICRONUTRIENTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
2. GLOBAL ORGANIC CHELATED IRON AGRICULTURAL MICRONUTRIENTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL INORGANIC CHELATED IRON AGRICULTURAL MICRONUTRIENTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL CHELATED IRON AGRICULTURAL MICRONUTRIENTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
5. GLOBAL CHELATED IRON AGRICULTURAL MICRONUTRIENTS IN CEREALS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL CHELATED IRON AGRICULTURAL MICRONUTRIENTS IN PULSES AND OILSEEDS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL CHELATED IRON AGRICULTURAL MICRONUTRIENTS IN FRUITS AND VEGETABLES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. NORTH AMERICAN CHELATED IRON AGRICULTURAL MICRONUTRIENTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
9. NORTH AMERICAN CHELATED IRON AGRICULTURAL MICRONUTRIENTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
10. NORTH AMERICAN CHELATED IRON AGRICULTURAL MICRONUTRIENTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
11. EUROPEAN CHELATED IRON AGRICULTURAL MICRONUTRIENTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
12. EUROPEAN CHELATED IRON AGRICULTURAL MICRONUTRIENTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
13. EUROPEAN CHELATED IRON AGRICULTURAL MICRONUTRIENTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
14. ASIA-PACIFIC CHELATED IRON AGRICULTURAL MICRONUTRIENTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
15. ASIA-PACIFIC CHELATED IRON AGRICULTURAL MICRONUTRIENTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
16. ASIA-PACIFIC CHELATED IRON AGRICULTURAL MICRONUTRIENTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
17. REST OF THE WORLD CHELATED IRON AGRICULTURAL MICRONUTRIENTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
18. REST OF THE WORLD CHELATED IRON AGRICULTURAL MICRONUTRIENTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
19. REST OF THE WORLD CHELATED IRON AGRICULTURAL MICRONUTRIENTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
1. GLOBAL CHELATED IRON AGRICULTURAL MICRONUTRIENTS MARKET SHARE BY TYPE, 2021 VS 2028 (%)
2. GLOBAL ORGANIC CHELATED IRON AGRICULTURAL MICRONUTRIENTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021 VS 2028 (%)
3. GLOBAL INORGANIC CHELATED IRON AGRICULTURAL MICRONUTRIENTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021 VS 2028 (%)
4. GLOBAL CHELATED IRON AGRICULTURAL MICRONUTRIENTS MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
5. GLOBAL CHELATED IRON AGRICULTURAL MICRONUTRIENTS IN CEREALS MARKET RESEARCH AND ANALYSIS BY REGION, 2021 VS 2028 (%)
6. GLOBAL CHELATED IRON AGRICULTURAL MICRONUTRIENTS IN PULSES AND OILSEEDS MARKET RESEARCH AND ANALYSIS BY REGION, 2021 VS 2028 (%)
7. GLOBAL CHELATED IRON AGRICULTURAL MICRONUTRIENTS IN FRUITS AND VEGETABLES MARKET RESEARCH AND ANALYSIS BY REGION, 2021 VS 2028 (%)
8. GLOBAL CHELATED IRON AGRICULTURAL MICRONUTRIENTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021 VS 2028 (%)
9. US CHELATED IRON AGRICULTURAL MICRONUTRIENTS MARKET SIZE, 2021-2028 ($ MILLION)
10. CANADA CHELATED IRON AGRICULTURAL MICRONUTRIENTS MARKET SIZE, 2021-2028 ($ MILLION)
11. UK CHELATED IRON AGRICULTURAL MICRONUTRIENTS MARKET SIZE, 2021-2028 ($ MILLION)
12. GERMANY CHELATED IRON AGRICULTURAL MICRONUTRIENTS MARKET SIZE, 2021-2028 ($ MILLION)
13. SPAIN CHELATED IRON AGRICULTURAL MICRONUTRIENTS MARKET SIZE, 2021-2028 ($ MILLION)
14. FRANCE CHELATED IRON AGRICULTURAL MICRONUTRIENTS MARKET SIZE, 2021-2028 ($ MILLION)
15. ITALY CHELATED IRON AGRICULTURAL MICRONUTRIENTS MARKET SIZE, 2021-2028 ($ MILLION)
16. REST OF EUROPE CHELATED IRON AGRICULTURAL MICRONUTRIENTS MARKET SIZE, 2021-2028 ($ MILLION)
17. INDIA CHELATED IRON AGRICULTURAL MICRONUTRIENTS MARKET SIZE, 2021-2028 ($ MILLION)
18. CHINA CHELATED IRON AGRICULTURAL MICRONUTRIENTS MARKET SIZE, 2021-2028 ($ MILLION)
19. JAPAN CHELATED IRON AGRICULTURAL MICRONUTRIENTS MARKET SIZE, 2021-2028 ($ MILLION)
20. REST OF ASIA-PACIFIC CHELATED IRON AGRICULTURAL MICRONUTRIENTS MARKET SIZE, 2021-2028 ($ MILLION)
21. REST OF WORLD CHELATED IRON AGRICULTURAL MICRONUTRIENTS MARKET SIZE, 2021-2028 ($ MILLION)
