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(MoneyNewsWire.Net, April 02, 2018 ) According to the report North America Metal Chelates Market, published by Market Data Forecast, the Global market is projected to reach USD 111.8 million by 2022, at a CAGR of 8.3% from 2017 to 2022
Metal chelates consist of an organic molecule which is bonded with a large metal cation either ionically or covalently. Chelated compounds have more stability than non-chelated compounds with similar structure. Plants require several metal ions to perform their normal functions. Hence, metallic chelates are used as a source for the metal ions to plants also called as micronutrients. Zinc, Iron, Copper, Manganese and Calcium are some of the micronutrients regularly supplied to the plants.
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North America Metal Chelates Market: Drivers & Restraints
The fertility of soil is gradually reducing which has increased the demand for metal chelates as fertilizers. Need to increase the production of crops due to increasing population, increasing market penetration of fertilizers and growing awareness regarding the deficiency of nutrients for crops are some of the factors driving the market growth.
However, overuse of metal chelates resulting in metal pollution causing environmental issues is hindering the market growth.
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North America Metal Chelates Market: Segmentation
By Type
• Primary Nutrients
• Secondary Nutrients
• Micronutrients
By Crop Type
• Cereals & Grains
• Oilseeds & Pulses
• Fruits & Vegetables
By Mode of Application
• Soil
• Foliar
• Fertigation
• Other mode of applications
By Geography
• North America
o United States
o Canada
From simple data collation through secondary and primary research to ad-hoc research requests relating to specific information, we provide our services via customization. Get customization at: https://marketdataforecast.com/market-reports/north-america-metal-chelates-market-2311/customize-report
North America Metal Chelates Market: Overview
Based on the type, micronutrients segment hold the largest market share. Primary and secondary nutrients are rarely provided through metal chelates whereas metal chelates are the major providers of micronutrients. Metal chelates are majorly used for cereals and grain crops based on the crop type.
USA leads the metal chelates market in North America. USA is one of the largest agricultural producers in the world with high demand for micronutrient fertilizers. It is also because of the easy adoption of new farming practices in this region.
North America Metal Chelates Market: Key Players
Major players in the North America Metal Chelates market are Nufarm Limited, BASF SE, Akzo Nobel, Van Iperen International, Syngenta, Haifa Chemicals, Aries Agro Limited, Valagro, Deretil Agronutritional and Protex International.
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