Agricultural chelates Market are the ingredients applied to fertilisers to rise the efficiency of agricultural fertilisers. The fertiliser solution applied to these chelates will upsurge the crop's yield. In agricultural applications, several types of agricultural chelates are used, such as EDTA, DTPA, and EDDHA, etc. This farm chelates can chelate micronutrient fertilisers such as manganese, iron, zinc, copper, and others. The use of these chelates will improve the performance and productivity of micronutrients.
Market Dynamics - North America Agricultural Chelates Market
The main factor driving the growth of the North America Agricultural Chelates market is the increase in demand for high-value crops such as lavender, gourmet mushrooms, and garlic owing to the rise in population and declining amount of arable land across the region. Chelate compounds plays a major role in helping the crop yields to overcome micronutrient deficiency. With the continuous soil degradation caused by the cultivation of high-yield crops and the growing incidences of micronutrient deficiencies such as low soil organic matter, it has become necessary for the farmers to add chelates iron micronutrients in the fertilizers to improve the quality of crop yields.
Economic Impact of COVID-19 on North America Agricultural Chelates Market
The exclusive COVID 19 impact analysis provides an analysis of micro and macro-economic factors on the agriculture North America agricultural chelates market. Also, complete analysis of changes on healthcare expenditure, economic and international policies on supply and demand side. The report also studies the impact of the pandemic on global economies, international trade, business investments, GDP, and marketing strategies of key players present in the market.
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North America Agricultural Chelates Market Segmental Overview
The study analyses North America agricultural chelates market based on type, application, crop type, and geography.
North America Agricultural Chelates Market by Type
EDTA (Ethylenediamine Tetraacetic Acid), EDDHA [Ethylenediamine-N, N’-Bis (2-Hydroxyphenylacetic Acid)], DTPA (Diethylenetriaminepentaacetic Acid or Pentetic Acid), and IDHA [D, L-Aspartic Acid N- (1, 2-Dicarboxyethyl) Tetrasodium Salt] are the agricultural chelates included in this study. The EDTA segment is likely to be the fastest growing segment over the forecast period. This chelating agent enables high absorption of micronutrients in the plant and offers strong binding ability when used with essential micronutrients, such as copper, iron, zinc, and manganese, resulting in enhanced crop growth. Thus, there is a high scope of growth for the market.
North America Agricultural Chelates Market by Application
The market finds application in soil, foliar sprays, and fertigation. The foliar sprays held a lion’s share in the market. Foliar spray is an agricultural technique, which contains the application of water and agricultural chelates through spray pumps, tractor mounted sprayers, drones, and airplanes. This process provides an opportunity to maximize the yield, minimize nutrient losses, and also reduce the environmental pollution.
North America Agricultural Chelates Market by Crop Type
Various crops included are cereals grains, oilseeds pulses, and fruits vegetable. The fruits vegetables segment is estimated to account for the largest share in market. The consumption of fruits and vegetables has witnessed a growing trend and is expected to grow in the forecast period. Furthermore, the increasing emergence of online grocery stores and the rise in veganism across the region will have a positive impact on the growth of the agricultural chelates market over the forecast period.
North America Agricultural Chelates Market by Geography
North America agricultural chelates market is studied across the countries of the US, Canada and Mexico. The US is leading the North America agricultural chelates market, owing to the presence of major key player in the county.
North America Agricultural Chelates Market Key Players
The key competitors of this market include The Dow Chemical Company, Syngenta, The Andersons, Inc., ATP nutrition, Wilbur-Ellis company, Greensmiths, Inc., among others.
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