According to a new market report published by Persistence Market Research titled “Global Market Study on Chelated-Iron Agricultural Micronutrient: Latin America to Witness Highest Growth by 2020”, the global chelated-iron agricultural micronutrient market is expected to account for US$36.9 Mn by the end of 2015, and is anticipated to expand at a CAGR of 6.8% to reach US$51.4 Mn between 2015 end and 2020.
Presently, the chelated iron agricultural micronutrient market is mainly driven by factors such as poor soil quality, increasing demand for quality food and government support to farmers in procuring high-grade fertilizers. However, factors such as high product price, fluctuating economic conditions and supply-demand disruptions are expected to restrain the growth of the market.
Request For Sample Report: https://www.persistencemarketresearch.com/samples/6337
Chelated iron agricultural micronutrient are those elements that are mixed with fertilizers to increase the minerals supplement in the soil as most soils in various parts of the world are being rapidly depleted of minerals. Companies are voluntarily fortifying fertilizers with chelated iron micronutrient to increase the productivity of crops.
By Region, Asia Pacific (APAC) was the largest market for chelated iron micronutrient with 44.8% share of the overall market in 2014, followed by North America with 24.8%. Latin America is expected to exhibit highest CAGR of 8.9% during the forecast period, followed by MEA, which is expected to expand at a CAGR of 7.8%. APAC is forecast to remain the most significant market, with highest absolute $ opportunity.
The global chelated iron agricultural micronutrient market is anticipated to expand at a CAGR of 6.8 % from 2015 to 2021, to reach US$51.4 Mn by 2020. In terms of volume, production of chelated iron agricultural micronutrient stood at 9,037.7 Kg in 2014 and is expected to reach 12,194.5 Kg by 2020, exhibiting a CAGR of 5.3%.
Request For Methodology: https://www.persistencemarketresearch.com/methodology/6337
The market is segmented by crop type into cereals, pulses & oilseeds, fruits & vegetables and others. The others segment is expected to witness highest CAGR during the forecast period, with 9.3% in terms of value. However, the absolute $ opportunity growth is expected to be highest in the cereals segment, which is projected to exhibit a CAGR of 6.6%. Fruits and vegetable segment is expected to register second highest CAGR of 7.1% in terms of value and 5.5 in terms of volume.
Key players in the global chelated iron agricultural micronutrients market that has been profiled in this report include Agrium Inc., Yara International Ltd., AkzoNobel, Compass Minerals International Inc., BASF SE, Monsanto Company, Bayer CropScience AG, ADAMA Agricultural Solutions Ltd., Land O’Lakes Inc., Nufarm Limited, Sumitomo Chemical Co., Ltd., Syngenta International AG, The Mosaic Company, ATP Nutrition, Basic or, 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) and DuPont.
For in-depth competitive analysis, buy now@ https://www.persistencemarketresearch.com/checkout/6337
About us:
Persistence Market Research is always way ahead of its time. In other words, it tables market solutions by stepping into the companies’/clients’ shoes much before they themselves have a sneak pick into the market. The pro-active approach followed by experts at Persistence Market Research helps companies/clients lay their hands on techno-commercial insights beforehand, so that the subsequent course of action could be simplified on their part.
Contact us:
Persistence Market Research
305 Broadway, 7th Floor
New York City, NY 10007
United States
Ph.no. +1-646-568-7751
E-mail id- sales@persistencemarketresearch.com