The global chelated iron agriculture micronutrient market is anticipated to grow at a CAGR of 6.9% during the forecast period. Funding provided to key market players by the regulatory bodies contributed to the growth of the global chelated iron agriculture micronutrient market. For instance, in February 2021, Bayer launched the ‘Nutrition Gas Inititiative’ which expands access to vitamins and minerals for underserved communities to provide combat malnutrition by providing iron folic acid, especially for pregnant women. The program’s goal is to reach 50 million people in underserved communities per year by 2030, in partnership with a non-governmental organization (NGOs). With this collaboration, the company has supported the global movement around maternal health.
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In April 2020, Lucent Plant BioScience received funding of $1.3 million from Protein Industries Canada and additional funding of $1.7 million from another consortium of companies. With this funding, the company enter the field of organic farming and create breakthrough products to make agriculture more sustainable. Additionally, in March 2022, the US Department of Agriculture (USDA) announced that it supports additional fertilizer production for American farmers, and provides $250 million to support independent, innovative, and sustainable American fertilizer products to supply farmers.
Further, in January 2019, AgXplore introduced Microcoat, which is a blend of five essential micro and secondary nutrients. The liquid product features a proprietary delivery package to add a blend of magnesium, sulfur, manganese, molybdenum and zinc to dry fertilizer. Microcoat provides an even coating of fertilizer granules for efficient nutrient delivery. Microcoat not only provides the nutrients plants need, however, also increases the convenience of nutrient application with one fertilizer pass. Such kinds of funding opportunities and new product launches are offering an opportunity for the growth of the global chelated iron agriculture micronutrient market.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2021-2028
• Segment Covered-
o By Type
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape: Aries Agro Ltd., BASF Corp., Nufarm Ltd., Yara International ASA and AkzoNobel NV
Key questions addressed by the report
• What is the market growth rate?
• Which segment/region dominates the market in the base year?
• Which segment/region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Recovery Timeline
o Deviation from the pre-COVID forecast
o Most affected region/segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Chelated Iron Agricultural Micronutrients Market Report by Segment
By Type
By Application
Global Chelated Iron Agricultural Micronutrients Market Report by Region
North America
• US
• Canada
Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
• Middle East & Africa
• Latin America
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