Agriculture Grade Zinc Chemicals Market Report

Market Insights

“The Agriculture Grade Zinc Chemicals market value was US$ 1.58 Billion in 2023 and is likely to grow at a robust CAGR of 6.8% in the long run to reach US$ 2.50 Billion in 2032”.

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Market Dynamics

Introduction

The industrial grade zinc chemicals used in agriculture are fertilizers, which are applied to remedy the lack of zinc in the ground and can diesel, improve greater yielding and superior quality crops in plants. The large number of orders for the chemicals to increase the ratio of yield per hectare from the zinc-depleted agricultural zones worldwide will help the growth. Imminent awareness about the importance of zinc chemicals in agriculture is believed to fuel the growth even more.

Recent Product Development:

• In June 2020, IFFCO signed a Memorandum of Understanding with the Indian Council of Agricultural Research (ICAR) for testing and extension programs across the country for testing and validation of different products through ICAR institutes and Krishi Vigyan Kendras (KVKs). This will also empower these centers to publish technological developments through training, awareness, programs, crusades, trials as well as demonstrations to suit the farmers.
• In May 2021, the financial of Yara, emitted the market start of Agoro Carbon Alliance, a worldwide commercial initiative designed to enable farmers to generate additional income from sustainable climate activities. Through climate-positive approaches, farmers generate Farm Carbon Credits or climate-smart certified produce, thus contributing to de-fossilizing food systems.
• In September 2021, Radicle Growth joined forces with UPL, a global company supplying sustainable agriculture solutions to participate in “The Radicle Carbon and Soil Challenge by UPL” to act as a net positive for reducing carbon footprint and improving soil health across the food value chain.

Segment Analysis

By Process Type

“Zinc Oxide is expected to remain dominant in the market during the forecast period, whereas Zinc Sulphate expected as the fastest growing”.

• The product agriculture-grade zinc chemicals market is segmented into zinc oxide, zinc sulfate, and EDTA-chelated zinc.
• Zinc Oxide was marked as the largest segment in the agriculture-grade zinc chemicals market during the forecasted period. Zinc oxide is an odorless fine white powder that can be used as a pigment or food additive and as a UV filter in cosmetics and other products. In addition, some creams, gels, ointments, and lotions are used in treating diaper rash and other skin inflammation too use it.
• Zinc oxide, which is considered one of the healthiest elements, can help skin receive the required UV protection. Protecting the skin from dangerous UV radiation maintains cells, slows down aging, and prevents skin dryness – one of the main factors that drive the demand for this segment.

By Application Type

“Animal Feed is expected to capture the largest market share of the global Agriculture Grade Zinc Chemicals market whereas chemical fertilizers are the fastest growing market during the forecast period”.

• The market is segmented as animal feed, chemical fertilizer, and others.
• The Animal Feed segment dominated the agriculture-grade zinc chemicals market. Zinc recovers feed digestibility as well as animal growth, health, and reproductive performance. It also aids in the lessening of illness in animals. Other compensations of zinc in animal feeds include higher nutritional absorption, improved coat condition, greater fertility, and increased milk output which is a major reason for fuelling the growth of this segment.
• The Chemical fertilizer segment is expected to grow fastest during the forecast period as it aids in the growth of strong plants that are disease and insect-resistant. It also enhances soil quality by bringing the pH levels back into balance. Furthermore, it aids in the plant's absorption of other nutrients. As a result, the use of Agriculture Grade Zinc Chemicals in Chemical Fertilizers benefits both plants and soil.

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Regional Analysis

“The Asia-Pacific is expected to remain the largest market for Agriculture Grade Zinc Chemicals during the forecast period”.

• Asia Pacific is dominating the Agriculture Grade Zinc Chemicals market in 2023, India and China, for example, are key agro-economies in the region. High zinc output, primarily in China, and the presence of tight regulatory rules governing the industry characterize it. In terms of revenue. The introduction of sustainable farming practices is expected to fuel the expansion. In terms of agricultural demand, India is the second-largest market in the Asia Pacific.
• North America is expected to grow at the highest CAGR during the forecast period. Agriculture Grade Zinc Chemicals are mostly sold in the United States and Canada in North America. The region's agriculture sector is well-developed, thanks to government policies and initiatives.
• Furthermore, the region includes a large number of farmers who use contemporary farming techniques and technologies to increase agricultural productivity. Furthermore, the presence of major manufacturers in the region is supporting market expansion.

Key Players

The market is highly fragmented with the presence of over 100 players across the region. Most of the major players compete in some of the governing factors including price, service offerings, regional presence, etc. The following are the key players in the agriculture-grade zinc chemicals market. Some of the major players are highly integrated in the market.

Here is the list of the Top Players (Based on Dominance)

• UPL Limited
• Syngenta
• Indian Farmers Fertiliser Cooperative (IFFCO)
• Yara International
• Zochem
• EverZinc
• Rubamin
• Sulphur Mills
• Aries Agro
• Prabhat Fertilizer.
• OldBridge Chemicals
• American Chemet
• Tiger Sul

Note: The above list does not necessarily include all the top players of the market.

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Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

The global agriculture-grade zinc Chemicals market is segmented into the following categories. 

Agriculture Grade Zinc Chemicals Market, by Product Type

• Zinc Oxide (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Zinc Sulphate (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• EDTA Chelated Zinc (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Agriculture Grade Zinc Chemicals Market, by Application Type

• Animal Feed (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Chemical Fertilizers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Agriculture Grade Zinc Chemicals Market, by Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s Agriculture Grade Zinc Chemicals market realities and future market possibilities for the forecast period. 
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected]