[307 Pages Report] The global agricultural grade zinc chemical market garnered US$ 716 Million in 2021, and is likely to exhibit a Y-o-Y increase of 9.1% to be valued at US$ 760 Million in 2022. Owing to the increasing advancement in technology, the market is likely to propel to US$ 1.3 Billion by 2032. The trade is projected at a 5.4% CAGR during the forecast period.
“Growth and expansion of agricultural industry especially in the developing economies, and development in fertilizers, which will benefit the market in the forecast period.”
| Attributes | Details |
|---|---|
| Global Agricultural Grade Zinc Chemical Market CAGR (2022 to 2032) | 5.4% |
| Global Agricultural Grade Zinc Chemical Market (2032) | US$ 1.3 Billion |
| Global Agricultural Grade Zinc Chemical Market Attraction | The increasing advent of sustainable farming practices is expected to drive the growth of the market in the forecast period. |
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Zinc is one of the eight essential trace elements that plants need for normal growth and reproduction. 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. For example, it has been estimated that enriching rice and wheat grain with zinc could save the lives of up to 48,000 children in India annually. The increasing use of zinc in many applications like in foods, and fertilizers has boosted the need of the market in coming years.
Growth and expansion of the agricultural industry especially in the 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 increased population density and human activities contribute to the reduction of mineral and nutrient content of the soil, across the globe and are also expected to fuel the demand of the market over the forecast period.
Awareness about the hazardous effects of agrochemicals and the adoption of a healthy lifestyle by the end-users has become a major constraint in the growth of the agricultural grade zinc chemical industry. People are shifting to organic or bio-based products as they are safe for the environment.
Also, the factors such as excess micronutrients in the soil that can adversely affect the environment, especially microorganisms and earthworms, and lower or inadequate awareness regarding the accurate and adequate quantity of zinc required to produce good-quality crops impede the growth of the agriculture grade zinc chemicals market.
Principal Consultant
Growing commercialization of zinc-containing fertilizers is expected to impart large momentum to the growth of the agricultural grade zinc chemicals market. Furthermore, the increasing focus of various governments of several countries on zinc-based fertilizers is expected to create lucrative avenues for producers. In recent years, several producers of zinc-based fertilizers have been focusing on bolstering their production capacities, in order to meet the current and emerging diversity of demand of end-users across the globe.
This is a prominent trend aiding in the steady expansion of the agricultural grade zinc chemicals market. Constant advancements in the production processes of zinc-based fertilizers are also fuelling the expansion of the agricultural grade zinc chemicals market.
As per type, the zinc sulphate segment is expected to lead the market during the forecast period. The segment is anticipated to have witnessed a 5.9 % CAGR from 2015 to 2021. Whereas, during the forecast period, the segment is estimated at a 5.3% CAGR.
As Zinc Sulphate has major applications in agriculture as a weed killer and to give protection against pests. It is used to supply zinc in animal feeds and fertilizer, Zinc Sulphate functions as a mordant in dyeing, as a preservative for skins and leather, and as an astringent and emetic in medicine. The demand for zinc sulphate is expected to rise in the coming years in the agricultural and healthcare sectors.
Based on application, the chemical fertilizer segment is expected to dominate the market in the forecast period. The segment is projected to exhibit a CAGR of 5.4% during the forecast period. The segment is expected to have experienced a CAGR of 6.1% during the timeframe of 2015-2021.
As Farmers all around the world are adopting intensive farming techniques to increase productivity, maximizing yields by making heavy use of pesticides and chemical fertilizers. On the other hand, the animal feed segment is expected to record significant growth in revenue due to high application, this will also contribute to the growth of the market.
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North America is anticipated to lead the global agricultural grade zinc chemicals market during the forecast period. The market is likely to garner US$ 462.2 Million while exhibiting a CAGR of 5.2% from 2022 to 2032.
The rapid development of the region can be attributed to the rising consumption of agriculture grade zinc chemicals and high awareness regarding the fertilizers within this region. It is one of the leading countries in agricultural activities, with a high presence of many global key players.
Alongside, profit-bearing growth strategies and product innovations by these key players, as well as government policies to boost the agriculture sector, are expected to propel sales of agricultural grade zinc chemicals over the assessment period.
APAC is anticipated to be the fastest-growing region during the forecast period. China is likely to make the most significant contribution to developing the market. China is estimated at US$ 92.2 Million, expanding at a 4.8% CAGR during the forecast period.
Growth can be attributed to the presence of evolving countries such as; India, China, Japan, and others. Asia-Pacific dominates the agriculture grade zinc chemicals market and will continue to flourish its dominance during the forecast period owing to the advent of sustainable farming practices. The large traction that the regional market has received over the past few years can be attributed to the growing uptake of zinc-based fertilizers to boost crop productivity.
A large part of this growth will be driven by rapid strides being taken by agriculture practices in its key economies, with the objective of maximizing the yield of food crops. In addition, Japan has been recognized as another potent player in the region. According to the analysis, the country is anticipated at US$ 74.9 Million while recording a CAGR of 3.9% in the forecast period. The development of the regional market can be credited to the rapid development in the concerned field. South Korea is estimated at US$ 46.8 Million.
| Countries | Estimated CAGR |
|---|---|
| USA | 5.2% |
| UK | 4.2% |
| China | 4.8% |
| Japan | 3.9% |
| South Korea | 3.4% |
Eminent players of the global agricultural grade zinc chemicals market include UPL, Syngenta Crop Protection AG, IFFCO, Yara, and Zochem Inc among others. Recent key developments among players include:
The global agricultural grade zinc chemicals market is likely to value US$ 716 Million in 2021.
The global agricultural grade zinc chemicals market is estimated to grow at a CAGR of 5.4% from 2022 to 2032.
The global agricultural grade zinc chemicals market is predicted to procure USD 1.3 Billion from 2022 to 2032.
The zinc sulfate segment is projected to expand at a 5.3% CAGR during the forecast period.
The application segment is likely to exhibit a 5.4% CAGR from 2022-2032.
The U.S market is expected to garner US$ 462.2 Million while expanding at a 5.2% CAGR from 2022 to 2032.
1. Executive Summary
1.1. Global Market Outlook
1.2. Summary of Statistics
1.3. Key Market Characteristics & Attributes
1.4. FMI Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Risks and Trends Assessment
3.1. Risk Assessment
3.1.1. COVID-19 Crisis and Impact on Agricultural Grade Zinc Chemicals Demand
3.1.2. COVID-19 Impact Benchmark with Previous Crisis
3.1.3. Impact on Market Value (US$ Mn)
3.1.4. Assessment by Key Countries
3.1.5. Assessment by Key Market Segments
3.1.6. Action Points and Recommendation for Suppliers
3.2. Key Trends Impacting the Market
3.3. Formulation and Product Development Trends
4. Market Background and Foundation Data Points
4.1. Global Protective Coatings Market (US$ Mn)
4.2. Agricultural Grade Zinc Chemicals Market Opportunity Assessment (US$ Mn)
4.2.1. Total Available Market
4.2.2. Serviceable Addressable Market
4.2.3. Serviceable Obtainable Market
4.3. Market Scenario Forecast
4.3.1. Demand in optimistic Scenario
4.3.2. Demand in Likely Scenario
4.3.3. Demand in Conservative Scenario
4.4. Investment Feasibility Analysis
4.4.1. Investment in Established Markets
4.4.1.1. In Short Term
4.4.1.2. In Long Term
4.4.2. Investment in Emerging Markets
4.4.2.1. In Short Term
4.4.2.2. In Long Term
4.5. Forecast Factors - Relevance & Impact
4.5.1. Top Companies Historical Growth
4.5.2. Global Protective Coatings Market Growth
4.5.3. Agricultural Grade Zinc Chemicals Adoption Rate, By Country
4.6. Market Dynamics
4.6.1. Market Driving Factors and Impact Assessment
4.6.2. Prominent Market Challenges and Impact Assessment
4.6.3. Agricultural Grade Zinc Chemicals Market Opportunities
4.6.4. Prominent Trends in the Global Market & Their Impact Assessment
5. Key Success Factors
5.1. Manufacturers’ Focus on Low Penetration High Growth Markets
5.2. Banking on with Segments High Incremental Opportunity
5.3. Peer Benchmarking
6. Global Agricultural Grade Zinc Chemicals Market Demand Analysis 2015-2021 and Forecast, 2022-2032
6.1. Historical Market Analysis, 2015-2021
6.2. Current and Future Market Projections, 2022-2032
6.3. Y-o-Y Growth Trend Analysis
7. Global Agricultural Grade Zinc Chemicals Market Value Analysis 2015-2021 and Forecast, 2022-2032
7.1. Historical Market Value (US$ Mn) Analysis, 2015-2021
7.2. Current and Future Market Value (US$ Mn) Projections, 2022-2032
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Global Agricultural Grade Zinc Chemicals Market Analysis 2015-2021 and Forecast 2022-2032, By Type
8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Mn) Analysis By Type, 2015-2021
8.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Type, 2022-2032
8.3.1. Zinc Oxide
8.3.2. Zinc Sulphate
8.3.3. EDTA Chelated Zinc
8.3.4. Sulphur Zinc Bentonite
8.3.5. Zinc Chloride
8.3.6. Others
8.4. Market Attractiveness Analysis By Type
9. Global Agricultural Grade Zinc Chemicals Market Analysis 2015-2021 and Forecast 2022-2032, By Application
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) Analysis By Application, 2015-2021
9.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Application, 2022-2032
9.3.1. Animal Feed
9.3.2. Chemical Fertilizer
9.3.3. Others
9.4. Market Attractiveness Analysis By Application
10. Global Agricultural Grade Zinc Chemicals Market Analysis 2015-2021 and Forecast 2022-2032, By Region
10.1. Introduction
10.2. Historical Market Size (US$ Mn) Analysis By Region, 2015-2021
10.3. Current Market Size (US$ Mn) & Analysis and Forecast By Region, 2022-2032
10.3.1. North America
10.3.2. Latin America
10.3.3. Europe
10.3.4. Asia Pacific
10.3.5. Middle East and Africa (MEA)
10.4. Market Attractiveness Analysis By Region
11. North America Agricultural Grade Zinc Chemicals Market Analysis 2015-2021 and Forecast 2022-2032
11.1. Introduction
11.2. Pricing Analysis
11.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021
11.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032
11.4.1. By Country
11.4.1.1. U.S.
11.4.1.2. Canada
11.4.1.3. Rest of North America
11.4.2. By Type
11.4.3. By Application
11.5. Market Attractiveness Analysis
11.5.1. By Country
11.5.2. By Type
11.5.3. By Application
12. Latin America Agricultural Grade Zinc Chemicals Market Analysis 2015-2021 and Forecast 2022-2032
12.1. Introduction
12.2. Pricing Analysis
12.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021
12.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032
12.4.1. By Country
12.4.1.1. Brazil
12.4.1.2. Mexico
12.4.1.3. Rest of Latin America
12.4.2. By Type
12.4.3. By Application
12.5. Market Attractiveness Analysis
12.5.1. By Country
12.5.2. By Type
12.5.3. By Application
13. Europe Agricultural Grade Zinc Chemicals Market Analysis 2015-2021 and Forecast 2022-2032
13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021
13.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032
13.4.1. By Country
13.4.1.1. Germany
13.4.1.2. France
13.4.1.3. U.K.
13.4.1.4. Italy
13.4.1.5. Benelux
13.4.1.6. Nordic Countries
13.4.1.7. Rest of Europe
13.4.2. By Type
13.4.3. By Application
13.5. Market Attractiveness Analysis
13.5.1. By Country
13.5.2. By Type
13.5.3. By Application
14. Asia Pacific Agricultural Grade Zinc Chemicals Market Analysis 2015-2021 and Forecast 2022-2032
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021
14.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032
14.4.1. By Country
14.4.1.1. China
14.4.1.2. Japan
14.4.1.3. South Korea
14.4.1.4. Rest of Asia Pacific
14.4.2. By Type
14.4.3. By Application
14.5. Market Attractiveness Analysis
14.5.1. By Country
14.5.2. By Type
14.5.3. By Application
15. Middle East and Africa Agricultural Grade Zinc Chemicals Market Analysis 2015-2021 and Forecast 2022-2032
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021
15.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032
15.4.1. By Country
15.4.1.1. GCC Countries
15.4.1.2. South Africa
15.4.1.3. Turkey
15.4.1.4. Rest of Middle East and Africa
15.4.2. By Type
15.4.3. By Application
15.5. Market Attractiveness Analysis
15.5.1. By Country
15.5.2. By Type
15.5.3. By Application
16. Key Countries Agricultural Grade Zinc Chemicals Market Analysis 2015-2021 and Forecast 2022-2032
16.1. Introduction
16.1.1. Market Value Proportion Analysis, By Key Countries
16.1.2. Global Vs. Country Growth Comparison
16.2. US Agricultural Grade Zinc Chemicals Market Analysis
16.2.1. Value Proportion Analysis by Market Taxonomy
16.2.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.2.2.1. By Type
16.2.2.2. By Application
16.3. Canada Agricultural Grade Zinc Chemicals Market Analysis
16.3.1. Value Proportion Analysis by Market Taxonomy
16.3.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.3.2.1. By Type
16.3.2.2. By Application
16.4. Mexico Agricultural Grade Zinc Chemicals Market Analysis
16.4.1. Value Proportion Analysis by Market Taxonomy
16.4.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.4.2.1. By Type
16.4.2.2. By Application
16.5. Brazil Agricultural Grade Zinc Chemicals Market Analysis
16.5.1. Value Proportion Analysis by Market Taxonomy
16.5.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.5.2.1. By Type
16.5.2.2. By Application
16.6. Germany Agricultural Grade Zinc Chemicals Market Analysis
16.6.1. Value Proportion Analysis by Market Taxonomy
16.6.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.6.2.1. By Type
16.6.2.2. By Application
16.7. France Agricultural Grade Zinc Chemicals Market Analysis
16.7.1. Value Proportion Analysis by Market Taxonomy
16.7.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.7.2.1. By Type
16.7.2.2. By Application
16.8. Italy Agricultural Grade Zinc Chemicals Market Analysis
16.8.1. Value Proportion Analysis by Market Taxonomy
16.8.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.8.2.1. By Type
16.8.2.2. By Application
16.9. BENELUX Agricultural Grade Zinc Chemicals Market Analysis
16.9.1. Value Proportion Analysis by Market Taxonomy
16.9.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.9.2.1. By Type
16.9.2.2. By Application
16.10. UK Agricultural Grade Zinc Chemicals Market Analysis
16.10.1. Value Proportion Analysis by Market Taxonomy
16.10.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.10.2.1. By Type
16.10.2.2. By Application
16.11. Nordic Countries Agricultural Grade Zinc Chemicals Market Analysis
16.11.1. Value Proportion Analysis by Market Taxonomy
16.11.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.11.2.1. By Type
16.11.2.2. By Application
16.12. China Agricultural Grade Zinc Chemicals Market Analysis
16.12.1. Value Proportion Analysis by Market Taxonomy
16.12.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.12.2.1. By Type
16.12.2.2. By Application
16.13. Japan Agricultural Grade Zinc Chemicals Market Analysis
16.13.1. Value Proportion Analysis by Market Taxonomy
16.13.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.13.2.1. By Type
16.13.2.2. By Application
16.14. South Korea Agricultural Grade Zinc Chemicals Market Analysis
16.14.1. Value Proportion Analysis by Market Taxonomy
16.14.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.14.2.1. By Type
16.14.2.2. By Application
16.15. GCC Countries Agricultural Grade Zinc Chemicals Market Analysis
16.15.1. Value Proportion Analysis by Market Taxonomy
16.15.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.15.2.1. By Type
16.15.2.2. By Application
16.16. South Africa Agricultural Grade Zinc Chemicals Market Analysis
16.16.1. Value Proportion Analysis by Market Taxonomy
16.16.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.16.2.1. By Type
16.16.2.2. By Application
16.17. Turkey Agricultural Grade Zinc Chemicals Market Analysis
16.17.1. Value Proportion Analysis by Market Taxonomy
16.17.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.17.2.1. By Type
16.17.2.2. By Application
16.17.3. Competition Landscape and Player Concentration in the Country
17. Market Structure Analysis
17.1. Market Analysis by Tier of Companies
17.2. Market Concentration
17.3. Market Share Analysis of Top Players
17.4. Market Presence Analysis
17.4.1. By Regional footprint of Players
17.4.2. Product footprint by Players
18. Competition Analysis
18.1. Competition Dashboard
18.2. Competition Benchmarking
18.3. Competition Deep Dive
18.3.1. UPL
18.3.1.1. Overview
18.3.1.2. Product Portfolio
18.3.1.3. Sales Footprint
18.3.1.4. Strategy Overview
18.3.2. Syngenta Crop Protection AG
18.3.2.1. Overview
18.3.2.2. Product Portfolio
18.3.2.3. Sales Footprint
18.3.2.4. Strategy Overview
18.3.3. IFFCO
18.3.3.1. Overview
18.3.3.2. Product Portfolio
18.3.3.3. Sales Footprint
18.3.3.4. Strategy Overview
18.3.4. Yara
18.3.4.1. Overview
18.3.4.2. Product Portfolio
18.3.4.3. Sales Footprint
18.3.4.4. Strategy Overview
18.3.5. Zochem Inc
18.3.5.1. Overview
18.3.5.2. Product Portfolio
18.3.5.3. Sales Footprint
18.3.5.4. Strategy Overview
18.3.6. EverZinc
18.3.6.1. Overview
18.3.6.2. Product Portfolio
18.3.6.3. Sales Footprint
18.3.6.4. Strategy Overview
18.3.7. Rubamin
18.3.7.1. Overview
18.3.7.2. Product Portfolio
18.3.7.3. Sales Footprint
18.3.7.4. Strategy Overview
18.3.8. Bionova
18.3.8.1. Overview
18.3.8.2. Product Portfolio
18.3.8.3. Sales Footprint
18.3.8.4. Strategy Overview
18.3.9. SULPHUR MILLS LIMITED
18.3.9.1. Overview
18.3.9.2. Product Portfolio
18.3.9.3. Sales Footprint
18.3.9.4. Strategy Overview
18.3.10. Aries Agro Limited
18.3.10.1. Overview
18.3.10.2. Product Portfolio
18.3.10.3. Sales Footprint
18.3.10.4. Strategy Overview
18.3.11. Old Bridge Chemicals, Inc
18.3.11.1. Overview
18.3.11.2. Product Portfolio
18.3.11.3. Sales Footprint
18.3.11.4. Strategy Overview
18.3.12. American Chemet Corporation
18.3.12.1. Overview
18.3.12.2. Product Portfolio
18.3.12.3. Sales Footprint
18.3.12.4. Strategy Overview
19. Assumptions and Acronyms Used
20. Research Methodology
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Agricultural Grade Zinc Chemicals Market
