San Francisco, California, July 11, 2017: Growth witnessed in the metal chelates market directly corresponds to the expansion of the agriculture industry. While the global metal chelates market keeps pacing high, a new report by TMR Research, titled “Metal Chelates Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025,” is dedicated to studying its trajectory between 2017 and 2025. The report covers the various growth drivers and restraints influencing the market’s growth during the forecast period. It segments the market based on various parameters to present insights regarding the most lucrative segments. Besides this, the report identifies the regions offering the most attractive opportunities for the market.
Metal chelates are widely used in the agriculture industry as fertilizers. Against this backdrop, emerging nations that have continued exhibiting dependence on the agriculture sector have emerged as crucial markets for chelates. Considering their use as soil additives to provide essential micronutrients enabling healthy growth in plant, the market will witness an accelerated pace of growth through the forecast period.
By large, the agriculture industry is dependent on phosphates as fertilizers. However, constant exposure to the same may weaken the soil, causing them to lose metallic content and micronutrients. While this worked against for conventional fertilizer sellers, it has augured well for the global metal chelates market. On the back of benefits they offer over their conventional counterparts, metal chelates are considered highly valuable as fertilizers as they help in maintaining the balance of micronutrients and salt in the soil.
According to the report, the demand for chelating agents such as EDTA has significantly increased over the last few years on account of their versatile nature. Furthermore, they boast a wider scope of use, which has helped in growth of the overall metal chelates market. On the downside, overusing metal chelates can trigger a few problems. As the most metal chelates are non-biodegradable in nature, government and agricultural bodies are skeptical about their long-term usage.
In terms of crop, the global metal chelates market can be bifurcated into vegetables and fruits. On the basis of the mode of application, the market can be categorized into fertigation, soil, and foliar. Of these, foliar commands the leading share in the market and is expected to remain dominant through the course of the forecast period. Regionally, Asia Pacific, Europe, North America, the Middle East and Africa, and Latin America constitute the key market segments. Among these regions, Asia Pacific held dominance in the market as major economies such as India are still largely dependent on their agricultural sector. Besides this soaring population in China and India will guarantee growth in the sector, thus creating opportunities for the expansion of the metal chelates market in Asia Pacific.
Some of the leading companies operating in the global metal chelates market are Haifa Chemicals Limited, BASF SE, Akzo Nobel N.V., Syngenta AG, and Nufarm Limited.