Amino chelate fertilizers are the latest novel-ties regarding plant nutrition in agricultural production systems. They are part of the modern formulae of fertilizers which are synthesized based on various amino acids, mainly glycine. In recent years, they have had a rapid growth in the marketplace. Their rapid growth in formulations, manufacturing, diversity and application is mainly due to the novel understandings regarding diverse roles of amino acids in plant metabolism. Compared to routine fertilizers or other commercially synthetic chelators such as EDTA; however, amino chelates represent a safer and more efficient form of fertilizer, resulting in better plant performance and less environmental risks.
Related project:- Amino Acid Metal Chelates for Agriculture Use (Zinc, Ferrous, Copper, Manganese, Magnesium, Calcium)
Why The Demand Of Amino Metal Chelates Is Increasing?
Despite, amino chelates having quickly dominated the fertilizer markets in many countries, there is not enough scientific data and information regarding detailed responses of crops to these types of fertilizers. This in part, may be due to their mixed composition of several nutrient elements, giving various nutrients effects, meaning that conducting scientific experiments and concluding remarks, , would be very difficult.
The fruits & vegetables, on the basis of crop type, is projected to grow at a significant rate during the forecast period. As fruits and vegetables are the sensitive crops, they can get completely damaged due to the nutrient deficiencies in the soil. The awareness among farmers about the importance of nutrients for these crops, and the increasing demand for fruits and vegetables will drive the metal chelates market’s growth.
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On the basis of mode of application, the global market is segmented into soil, foliar and fertigation. The foliar segment is projected to grow at the highest CAGR during the forecast period.
Market Analysis of the Industry
Glycine and Glutamic Acid are fundamental metabolites in the process of formation of vegetable tissue and chlorophyll synthesis. These Amino Acids help to increase chlorophyll concentration in the plant leading to higher degree of photosynthesis. This makes crops lush Green. The global metal chelates market was valued at USD 357.0 Million in 2015, and is projected to grow at a CAGR of 8.54% from 2016, to reach USD 619.5 Million by 2022. The main objectives of the report are to define, segment, and project the size of the global metal chelates market with respect to type, crop type, mode of application, and region; provide detailed information regarding the key factors influencing the growth of the market; and strategically profile key players and comprehensively analyze their core competencies.
Related Books:- Chemical Technology (Organic, Inorganic, Industrial), Fine Chemicals
The metal chelates market has grown exponentially in the last few years. Decrease in soil quality and pH level, increasing demand for high production and growing awareness about the nutrient deficiencies and its impact are the major drivers for the market.
On the basis of type, the market for metal chelates is segmented into primary nutrients, secondary nutrients, micronutrients, and other nutrients (amino acid, humic acid & fulvic acid). The micronutrients was the largest segment in 2015, followed by primary nutrients. The micronutrients is also the fastest growing segment during forecast period.
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Conclusion
The Project Report by NPCS provides information concerning different aspect of amino chelate fertilizers including their history, structure, types, value and effects on agricultural crops. You can check this and other project reports on the official website of NPCS. The scope of all the project report includes assessing market potential, negotiating with collaborators, investment decision making, and corporate diversification Planning, etc.
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In a much planned manner by formulating detailed manufacturing techniques and forecasting financial aspects by estimating the cost of raw material, formulating the cash flow statement, projecting the balance sheet, etc. Many of the engineers, project consultants & industrial consultancy firms in India and worldwide do their analysis.
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