Agricultural Grade Zinc Chemicals Market to Reach USD 1.3 Billion by 2032: Driven by Technological Advancements and Fertilizer Development

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.

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 U.S 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.

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.

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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 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