Agriculture Grade Zinc Chemicals Market size was valued at US$ 1.30 Bn in 2020. The Global Agriculture Grade Zinc Chemicals Market is estimated to grow at a CAGR of 6.8% over the forecast period.
The primary raw materials used to manufacture agricultural grade chemicals are zinc, sulfur, bentonite, and chlorine. Except for chlorine, all of the other basic chemicals occur naturally and in sufficient quantities. The raw materials are processed before being used as a feedstock in the production of these products. Plants require zinc as a micronutrient to survive. The agriculture grade zinc chemicals market report includes market size and forecasts for each segment, including type, application, and region.
Agriculture Grade Zinc Chemicals Market Report Scope and Research Methodology
The objective of the report is to present a comprehensive analysis of the Agriculture Grade Zinc Chemicals market including all the stakeholders of the industry. The past and current status of the Agriculture Grade Zinc Chemicals industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. It covers all the aspects of the Agriculture Grade Zinc Chemicals industry with a dedicated study of key players that includes market leaders, followers and new entrants. External as well as internal factors that affect the business positively or negatively have been analysed in the Agriculture Grade Zinc Chemicals market report. The report also helps in understanding global Agriculture Grade Zinc Chemicals market dynamics and market structure by analysing the market segments and forecasting the global market size. Clear representation of competitive analysis of key players by Type, price, financial position, Raw material portfolio, growth strategies, and regional presence in the global Agriculture Grade Zinc Chemicals market make the report investor’s guide. PORTER, PESTLE analysis with the potential impact of micro-economic factors of the market have been presented in the Agriculture Grade Zinc Chemicals Market report.
Agriculture Grade Zinc Chemicals Market Overview
Agriculture Grade Zinc Chemicals Market Research Report investigated the current state of definitions, classifications, applications, and industry chain structure. The Agriculture Grade Zinc Chemicals market analysis provides objective professional commentary on the current market scenario, prior market performance, production and consumption rates, demand and supply ratios, and forecasted income generation for the projected period. The Agriculture Grade Zinc Chemicals market study also includes information on the strategic ambitions and company growth strategies of the industry's leading businesses. To summarize, the report provides an in-depth analysis of the Agriculture Grade Zinc Chemicals market on a global and regional scale.
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Agriculture Grade Zinc Chemicals Market Key Players
UPL Limited (India)
Syngenta (Basel, Switzerland)
Indian Farmers Fertiliser Cooperative (India)
Yara International (Norway)
Zochem (Canada)
EverZinc (Belgium)
Rubamin (India)
Sulphur Mills (India)
Aries Agro (India)
Prabhat Fertilizer (India)
OldBridge Chemicals (U.S)
American Chemet (U.S)
Tiger Sul (Shelton)
TIB Chemicals AG (Germany)
Flaurea Chemicals (Belgium)
Agriculture Grade Zinc Chemicals Market Dynamics:
Rising global food demand, as well as increased awareness of the importance of zinc chemicals in agriculture, are propelling the agriculture grade zinc chemicals market forward. In addition, increasing population density and human activities contribute to a decrease in soil mineral and nutritional content, which promotes market growth. The environmentally friendly method of yield improvement aids the market's growth even further. The growing demand for animal feed, chemical fertilizer, and other applications is propelling the global agriculture grade zinc chemicals market forward. This industry is also growing as people become more aware of the benefits of using zinc-based agricultural products.
Agriculture Grade Zinc Chemicals Market Segmentation:
Zinc Oxide, Zinc Sulphate, EDTA Chelated Zinc, Sulphur Zinc Bentonite, and Others are the market segments by type. In 2020, the Zinc Oxide segment held 42.2% of the agricultural grade zinc chemicals market. Zinc oxide is a colorless, odorless powder that is used as a pigment, food additive, sunscreen, and in other cosmetic products. It's also in some diaper rash and skin irritation ointments and lotions. One of the healthiest substances, zinc oxide, may provide the UV protection that skin requires. Screening out harmful UV rays protects cells from damage, slows the aging process, and prevents skin dryness, all of which contribute to the segment's growth.
The Zinc Sulphate segment, on the other hand, is expected to grow at a CAGR of 6.6% during the forecast period. Zinc sulphate is a water-soluble crystalline white powder. It is used as a fertilizer and as a supplement to cattle and poultry feed. Zinc sulphate can also be applied to crops as a foliar spray. It helps to improve plant overall health by increasing pest and disease resistance. It also plays an important role in photosynthesis. Furthermore, EDTA chelated zinc, a type of zinc chemical, is widely used in agriculture. The interaction of EDTA with zinc ions results in the formation of a water-soluble complex. This chemical is used to treat zinc deficiency in plants and animals.
The market is divided into three applications: animal feed, chemical fertilizer, and others. In 2020, the Animal Feed segment held a 68% share of the agriculture grade zinc chemicals market. Zinc is a mineral that is essential for animals and is used as a supplement in animal feeds. Zinc improves feed digestibility while also improving animal growth, health, and reproductive performance. It also helps to reduce illness in animals. Other benefits of zinc in animal feeds include increased nutritional absorption, improved coat condition, increased fertility, and increased milk output, all of which contribute to the segment's growth.
The Chemical Fertilizer segment, on the other hand, is expected to grow at a CAGR of 5.6% during the forecast period. Agriculture Grade Zinc Chemicals are used in chemical fertilizers to deliver nitrogen and phosphorus. It promotes the development of strong, disease- and insect-resistant plants. It also improves soil quality by restoring balance to the pH levels. It also aids in the absorption of other nutrients by the plant. As a result, using Agriculture Grade Zinc Chemicals in Chemical Fertilizers is beneficial to both plants and soil.
Agriculture Grade Zinc Chemicals Market Regional Insights
Each regional Agriculture Grade Zinc Chemicals market is thoroughly studied to determine its current and future growth prospects. This information helps clients to grow their businesses. The Agriculture Grade Zinc Chemicals market report covers all five regions and their country-wise distribution. Their Agriculture Grade Zinc Chemicals market size and trends are also included in the report.
Key Questions answered in the Agriculture Grade Zinc Chemicals Market Report are:
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Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business.
Agriculture Grade Zinc Chemicals Market , Agriculture Grade Zinc Chemicals Market Size , Agriculture Grade Zinc Chemicals Market Share , Agriculture Grade Zinc Chemicals Market Growth , Agriculture Grade Zinc Chemicals Market Trends
Mar 15, 2023
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