The application of zinc fertilizers to soils and/or crops offers a simple, effective solution to the problem of zinc deficiency in food production, animal health, and human health.
The global agricultural grade zinc chemicals market is estimated to garner US$ 1.3 Billion while exhibiting a 5.4% CAGR during the forecast period. The growing support from several governments is likely to fuel market growth in the coming years. The industry is expected to secure US$ 760.0 Million in 2022.
Growth and expansion of the agricultural industry especially in developing economies, the development of fertilizers will create lucrative opportunities for growth of the agriculture grade zinc chemicals market. Also, the rising number of research and development by the leading manufacturer and the use of zinc chemicals in agriculture is the primary factor driving the growth of the agricultural grade zinc chemicals market.
The chemical fertilizer segment is likely to offer remunerative opportunities for the global agricultural grade zinc chemicals market. Several emerging economies are making significant developments in their agricultural sector, thereby, providing lucrative opportunities to players in the market.
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Key Takeaways:
“Growth and expansion of agricultural industry especially in the developing economies, and development in fertilizers, is expected to fuel the demand of agricultural grade zinc chemicals market over the forecast period,” says an FMI analyst.
Competitive Landscape
Eminent players in the global agricultural-grade zinc chemicals market include UPL, Syngenta Crop Protection AG, IFFCO, Yara, and Zochem Inc. among others.
Recent developments among players include:
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Key Segments Covered in the Agricultural Grade Zinc Chemicals Industry Survey
Agricultural Grade Zinc Chemicals Market by Type:
Agricultural Grade Zinc Chemicals Market by Application:
Agricultural Grade Zinc Chemicals Market by Region:
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More Valuable Insights
Future Market Insights, in its new offering, presents an unbiased analysis of the global agricultural grade zinc chemicals market presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032. The study reveals essential insights based on Type, Application, and Region (North America, Europe, APAC, Middle East & Africa, and Latin America)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Jun 18, 2023