North America Market is Metal Chelates expected to reach USD 103.29 million by 2021 from USD 69.3 million in 2016, growing at a CAGR of 8.31%.
The Metal Chelates market is forecasted to show great potential over the mentioned period. The market has continued to gain momentum with the increasing problems faced by farmers of deterioration of soil and the pH levels of agricultural lands, leading to fall in the yield and quality of crop produced.
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Chelates basically are chemical compounds consisting of a chelating agent with a metal ion. Chelating agent refers to a substance which assists the metal ion to make several bonds.
Metal chelates comprise of an organic molecule which makes bonds with a metal cation ionically or covalently. Metal chelates can also be known as multidentate ligand.
The degradation in the quality of soil has had a big impact the productivity and quality of crops thus creating a need for metal chelates. Other major drivers for the market include increase in demand for higher crop yield, rising awareness about nutrient deficiency in crop and advancements in the field of farming practises.
However, the market faces some challenges as well, which are varied side effects of metal chelates and lack of acceptance between farmers for their usage. These factors are responsible for holding back the market from reaching its potential.
The North America Metal Chelates market is segmented by type, crop type as well as mode of application. The market segmentation based on type is done into primary nutrients, micronutrients and secondary nutrients.
The market share was dominated by the micronutrients and the primary nutrients segment followed. Based on segmentation by crop type the market is categorized into cereals & grains, oilseed & pulses and fruits & vegetables.
The segment fruits & vegeta5bles, accounted for the biggest share in the market on the basis of crop type due to increase in crop damage due to nutrient deficiency. The market is also segmented on the basis of mode of application, with segments as soil, foliar and fertigation.
The foliar segment leads the market share under mode of application. On the basis of geography, the North America market is analysed under various regions namely United States and Canada.
BASF SE, Akzo Nobel N.V., Syngenta AG, Nufarm Limited, Haifa Chemicals Ltd., Aries Agro Limited, Van Iperen International, Valagro SPA, Protex International, Deretil Agronutritional are some of the major companies in the Middle East and Africa Metal Chelates Market.
Scope of the Report
- Regional and country-level analysisand forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
- Segment-level analysisin terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC)in the market and their impact on shifting market dynamics
- Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
- Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysisfor analysing the level of competition and business strategy development
- A comprehensive list of key market playersalong with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
- Competitive landscape analysislisting out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
- Expertly devised analyst overview along with Investment opportunitiesto provide both individuals and organizations a strong financial foothold in the market
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