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The global chelated iron agricultural micronutrient market to Witness Highest Growth by 2020
Jan. 5, 2016
According the report of "Global Market Study on Chelated-Iron Agricultural Micronutrient",the global chelated iron agricultural micronutrient market is mainly driven by factors such as upgraded farming practices in emerging markets, which require effective fertilizers that are enriched with micronutrients to provide the best results. However, restraints include high product price and fluctuating economic conditions, resulting into uneven demand-supply, which ultimately affects the supply chain.
The cereals segment accounted for 60.6% share of the overall chelated iron agricultural micronutrient market in 2014, followed by fruits and vegetables segment with 28.0% in terms of value. Though, smallest in market size, the others segment is expected to register the highest CAGR of 9.3% during the forecast period.
On the basis of regions, the market is segmented into North America, Latin America, Europe, Asia Pacific and MEA. Of the above aforementioned regions, Latin America is expected to expand at the highest CAGR of 8.8% during the forecast period.
Key players in the global chelated iron agricultural micronutrient that has been profiled in this report includes 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, Baicor, 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. These players have been profiled on the basis of various attributes such as company overview, recent developments, growth strategies, sustainability and financial overview.
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