Rising Demand for Fertilizers and R&D Boost Global Agricultural Grade Zinc Chemicals Market

The global agricultural grade zinc chemicals industry is estimated to garner USD 1.3 Billion while exhibiting a 5.4% CAGR during the forecast period. The growing support from several governments is likely to fuel the market growth in the coming years. The industry is expected to secure USD 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 manufacturers and the use of zinc chemicals in agriculture are the primary factors driving the growth of the agricultural-grade zinc chemicals market.

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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.

Key Takeaways:

By application, the chemical fertilizer segment is expected to record a 5.4% CAGR by 2032
By type, the zinc sulphate segment is to expand at a 5.3% growth rate during the forecast period
The USA market to garner USD 462.2 Million and record a 5.2% CAGR from 2022-2032
Market in China to procure USD 92.9 Million, expanding at a 4.8% growth rate during the assessment period

"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.

Read the Complete Report: https://www.futuremarketinsights.com/reports/agricultural-grade-zinc-chemical-market

Competitive Landscape

Eminent players in the global agricultural-grade zinc chemicals market include

UPL
Syngenta Crop Protection AG
IFFCO
Yara
Zochem Inc.

Recent developments among players include:

In June 2020 - IFFCO signed a MoU with ICAR for collaborative research, testing & extension programs across the country for collaborative research, testing and validation of different products through ICAR institutes and Krishi Vigyan Kendras (KVKs). This will also enable these centers to disseminate technological advancements by imparting training, through awareness programs, campaigns, field trials, and demonstrations for the benefit of farmers.
In May 2021 - Yara, a leading crop nutrition solutions provider, announced the commercial launch of Agoro Carbon Alliance, a global business created for farmers to earn additional revenue from positive climate action. By adopting climate-positive practices farmers can produce Farm Carbon Credits or climate-smart certified crops and help to decarbonize food supply chains.

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 on the basis of Type (Zinc Oxide, Zinc sulphate, EDTA chelated zinc, Sulphur Zinc Bentonite, Zinc chloride, Other), by Application(Animal feed, chemical fertilizer, others), and Region (North America, Europe, APAC, Middle East & Africa, and Latin America)

Key Segments Covered in the Agricultural Grade Zinc Chemicals Industry Survey

By Type:

Agriculture Grade Zinc Oxide
Agriculture Grade Zinc Sulphate
EDTA Chelated Agriculture Grade Zinc
Agriculture Grade Sulphur Zinc Bentonite
Agriculture Grade Zinc Chloride
Other Agriculture Grade Zinc Chemical Types

By Application:

Agriculture Grade Zinc Chemicals for Animal Feed
Agriculture Grade Zinc Chemicals for Chemical Fertilizers
Agriculture Grade Zinc Chemicals for Other Applications

By Region:

North America
Europe
APAC
Middle East & Africa
Latin America

Related Reports:

Pharma Grade Sodium Bicarbonate Market: https://www.futuremarketinsights.com/reports/pharma-grade-sodium-bicarbonate-market
Zinc Chloride Market: https://www.futuremarketinsights.com/reports/zinc-chloride-market
Sodium Bisulfite Market: https://www.futuremarketinsights.com/reports/sodium-bisulphite-market

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This release was published on openPR.