European Metal Chelates is expected to grow at a CAGR of 8.67% and reach USD 151.7 million in 2021 from USD 100.1 million in 2016.
The Metal Chelates market is expected to show evident potential in the forecasting period. The market continues to build up momentum with decreasing quality of the soil and pH level, thus impacting the productivity and yield of crops.
It has called for many companies to make their way into the metal chelates market.
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Metal chelates are a type of chemical compound involving an organic compound and a chelate.
Chelates refer to the substance consisting of a metal ion with a chelating agent. Chelating agents are substance which allow a metal cation to make several bonds, covalently or ionically.
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The factors which are responsible for driving the growth of the metal chelates market over the recent years include rising farmer awareness about nutrient deficiency in crops, demand for better yield of crops, advanced farming techniques being implemented. On the other side, there are factors which hinder the market growth and act as restraints for the market.
These include varied side effects related to the use of metal chelates and lack of acceptance among formers for the products.
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The Europe Metal Chelates market is divided based on crop type, type and livestock. The segmentation on the basis of type is done into primary nutrients, secondary nutrients and micronutrients.
The micronutrients dominated the market share, with primary nutrients holding the second largest market share. On the basis of crop type, the market is categorized into cereals & grains, oilseeds & pulse and fruits & vegetables.
The fruits & vegetables segment exhibits the highest market share in crop type segmentation due to damage incidences due to nutrients deficiency. Finally, the market is segmented by mode of application into, soil, foliar and fertigation, wherein the market is dominated by foliar segment.
On the basis of geography, the Europe market is analysed under various regions namely U.K, Germany, Spain, Italy and France.
The major companies dominating the market with their products and services are BASF SE, Protex International, Akzo Nobel N.V., Nufarm Limited, Syngenta AG, Haifa Chemicals Ltd., Van Iperen International, Aries Agro Limited, Valagro SPA, Deretil Agronutritional.
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