LONDON--(BUSINESS WIRE)--Technavio’s latest report on the global metal chelates market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
The global metal chelates market is expected to grow significantly during the forecast period. The growth can be attributed to the increasing consumption of metal chelates in the agriculture segment, which is the largest segment of the market. Metal chelates are mostly used in agriculture as micronutrient fertilizers for plants.
Kshama Upadhyay, a lead analyst from Technavio, specializing in research on agrochemicals and fertilizers sector, says, “Growing soil degradation coupled with the growing demand from the wastewater treatment processes are the major drivers that will boost the global metal chelates market during the forecast period. On the other hand, increasing environmental impact and the rise of bio-based chelating agents will be the major challenges that may have a negative impact on the metal chelates market globally.”
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
The top three emerging trends driving the global metal chelates market according to Technavio research analysts are:
- Use of chelated minerals in animal nutrition
- Increase in demand from China
- Increasing production capacity
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Use of chelated minerals in animal nutrition
Metal chelates are used in animal feed to provide better nutrition by increasing bio-availability, to improve fertility and reproductive performance, boost hoof strength and ensure stability in oxidation-reduction. The predominantly used minerals are zinc, copper, manganese, selenium, cobalt, iron, and iodine.
“The metal chelates are supplemented in animal feed along with organic minerals. The production of meat, which includes beef, pork, and broiler meat, is increasing approximately by 1.1% year-over-year. China was the largest producer of pork in 2016 with approximately 50% of the market share,” according to Kshama.
Increase in demand from China
The governments in APAC are concentrating on improving the agricultural sector due to the increasing population. China and India are highly populated countries with approximately 2.70 billion people in 2016. The governments of these countries are heavily investing in agricultural programs to improve the production levels.
China has spent approximately USD 42.05 billion in 2016 for agricultural transformation. This includes 20% general input subsidy on new type farms and three subsidies which cover land fertility improvements, subsidy for farm machinery purchases, and maintenance of high standard fields. Improvements in the agriculture sector are likely to increase the demand for metal chelates in the agriculture segments during the forecast period.
Increasing production capacity
Due to the numerous advantages of using metal chelates in a wide range of end-user applications, the demand is increasing year-over-year. Hence, to meet this growing demand, key players in the global metal chelates market are expanding the production capacities, globally.
The major goal is to provide the required chelating agents throughout Europe and meet the demand in this region. This expansion includes improvement of the production process and development in infrastructure. Therefore, capacity expansions can meet the growing demand globally and are likely to boost the global metal chelates market during the forecast period.
The key vendors are as follows:
- The DOW Chemical Company
Browse Related Reports:
- Global Biopesticides Market 2017-2021
- Global Agrochemicals Market 2017-2021
- Global Plant Growth Regulators Market 2017-2021
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at firstname.lastname@example.org.