Metal Chelates Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

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REPORT DESCRIPTION
Metal chelates are compounds wherein a metal ion is bonded to an anion at more than one attachment sites. Chelation is a natural process
that occurs to prevent the absorbed nutrients from precipitating. Organic substances present in the soil and produced by microorganisms
are natural chelating agents. Hydroxamate siderophores are organic substances produced by microorganisms to transport and solubilize
nutrients. However, presence of natural chelating agents is not enough to accelerate the crop yield. The role of synthetic metal chelates
comes into play for curbing nutrient starvation in plants.
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Synthetic iron chelates are used extensively to feed iron-starving crops. The market for metal chelates can be segmented on the basis of
nutrients they supply to the crop, mode of their application, and scarcity of micronutrients in the soil. Nutrients required for plants are
categorized as macronutrients and micronutrients. Nutrients required in large quantities are macronutrients and nutrients required only in
trace quantities are micronutrients. Macronutrients are sub-categorized as primary, secondary, and tertiary nutrients. The element
potassium falls under primary macronutrients. It is essential for regulating water loss from leaves. Calcium and magnesium fall under
secondary and tertiary macronutrients, respectively. On the other hand, elements such as iron, molybdenum, boron, copper, manganese,
sodium, zinc, and nickel are included in the list of micronutrients.
Micronutrients are highly scarce nutrients found in soil. The micronutrients segment is projected to drive the market for metal chelates
during the forecast period. Rising population and increasing awareness among farmers coupled with high demand for food products are
also the drivers for the global metal chelates market. However, the market is hampered by stringent environmental regulations regarding
utilization of biodegradable metal chelates. Opportunities are present for metal chelates manufacturers for penetrating the market with a bio
degradable metal chelate.
The market for metal chelates in Middle East & Africa, Asia Pacific, Europe, Latin America, and North America is estimated to expand. Asia
Pacific is expected to dominate the global market for metal chelates owing to rising population, arable land, and micronutrient-deficient soil
in the region. Rapidly increasing population has surged the demand for food and forced farmers in Asia Pacific to grow crops with high yield
by utilizing external growth-promoting agents. Asia Pacific is anticipated to hold a significant share in the global market for metal chelates.
This is attributable to rapidly rising population, availability of arable land, and zinc-deficient soils in China and India. The market share held
by Europe is anticipated to rise at a significant rate due to large population in Russia.
North America is also expected to be an attractive market due to arable land, which is primarily concentrated in the U.S. Scarcity of
micronutrients is likely to be a factor driving the market for metal chelates during the forecast period in Middle East & Africa.
Key players operating in the global market for metal chelates are AVA Chemicals Private Limited, M&M Industries, Qingyuan Mutual Bio
Techniques Co. Ltd., Shanghai Joint Hope International Trade Corporation, Micromix Plant Health Limited, Farmtech Agriland Corporation,
AkzoNobel, Gujarat State Fertilizer & Chemicals, Aris Agro Limited, Valagro, and Chemicnova. AVA Chemicals Private Limited is a holding
manufacturer of metal chelates and manufactures chelated calcium, chelated manganese and chelated copper which are the essential
micronutrients required for plant growth. Gujarat State Fertilizer and Chemicals Limited provides a micro mix fertilizer which contains a mix
of all the essential micronutrients like zinc, iron, copper, manganese, and boron.
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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but
not limited to: Regional markets, technology, types, and applications.
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Micronutrients are highly scarce nutrients found in soil. The micronutrients segment is projected to drive the market for metal chelates during the forecast period.