Market Trends of Global Metal Chelates Industry
This section covers the major market trends shaping the Metal Chelates Market according to our research experts:
Increasing Demand for Good Quality and Higher Crop Yields
As per the report published by Food and Agriculture Organization (FAO), the land equipped for irrigation would expand by some 32 million ha (11 percent), while harvested irrigated land would expand by 17 percent by 2050. All of this increase would be in the developing countries, leading to insufficient nutrient supply to the crops thus, resulting in lower yield crops thereby leading to a lower quality final crop produce among the consumer. This is ever more important as the rising world population reduces the amount of arable land for food production, necessitating the cultivation of poor soils. Application by fertigation – where plant nutrients are supplied in a liquid solution – is key in this segment. Therefore, the application chelated fertilizer improves the bioavailability of micronutrients such as with Iron, Manganese, Zinc, and Copper and in turn contributes to the productivity, nutrient content, and profitability of commercial crop production. Chelated fertilizers have a greater potential to increase commercial yield than regular micronutrients if the crop is grown in low-micronutrient stress or soils with a pH greater than 6.5.
Asia Pacific Region Forecast to Grow With Highest Rate
By geography, Asia Pacific will dominate the market as the awareness of consumption of nutrient products rising sharply. The deficiency of Boron and Zinc are high in most part of the world which in turn affects the productivity and quality of crops. Farmers are now aware of this fact and are using more of chelated micronutrients of zinc and boron. Rise in disposable income, Progressive urbanization, growing population and increasing awareness for nutrition consumption will gear up the future market of metal chelates.Country such as China, India and Australia has good purchasing power and more adaptable to new innovations and technology to drive the food market in future.
