CHELATED–IRON AGRICULTURAL MICRONUTRIENT MARKET ANALYSIS

Market Challenges And Opportunities

Market Restraints

The high cost of chelated-iron micronutrients fertilizers is a major factor expected to hamper the market growth of chelated-iron micronutrients. Other factors such as harsh climatic conditions and changing government rules and regulations are also expected to curb the market growth of chelated-iron agricultural micronutrients.

Moreover, fluctuating economic condition which leads to uneven supply-demand is also expected to hinder the market growth of the chelated-iron agricultural micronutrients. Moreover, nations with weak government regulations have a negative impact on the raw materials which are used for crop production, this is also expected to restrain the market growth of chelated-iron agricultural micronutrients.

Market Opportunities

Rising usage of chelated-iron micronutrients fertilizers in ornamental plants and turf-grasses coupled with the increasing government initiatives for creating greenery such as green gardens and leisure parks is projected to foster the market growth of chelated-iron agricultural micronutrients over the forecast period.

The growing application of chelated-iron micronutrient fertilizers in the production of soybean and alfalfa crops is another major factor expected to fuel the growth of the market over the forecast timeframe.