Global Agricultural Zinc Market – Industry Trends and Forecast to 2029

Agricultural Zinc Market Analysis and Size

Agriculture is the backbone of the majority of countries. The agricultural sector accounts for a significant portion of the GDP of the aforementioned countries, and regional policies tend to favour the use of agricultural zinc to sustain their arable land.

Data Bridge Market Research analyses that the agricultural zinc market which was valued at 716 million in 2021 and is expected to reach the value of USD 1395.56 million by 2029, at a CAGR of 8.70% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, technological advancements and patent analysis.

Agricultural Zinc Market Scope and Segmentation

Market Definition

Zinc is one of the eight trace elements required by plants for normal growth and reproduction. Zinc fertiliser application to soils and/or crops provides a simple and effective solution to the problem of zinc deficiency in food production, animal health, and human health.

Agricultural Zinc Market Dynamics

Drivers

• Expansion and development of fertiliser in the agriculture industry

Growth and expansion of the agricultural industry, particularly in developing economies and fertiliser development, will create lucrative opportunities for the agriculture zinc market. Furthermore, the increasing number of R&D by leading manufacturers and the use of zinc chemicals in agriculture is the primary factor driving the growth of the agricultural grade zinc chemicals market. Increased population density and human activities contribute to the loss of mineral and nutrient content in soils around the world, which is expected to fuel market demand over the forecast period.

• Commercialization of zinc chemical in fertilisers and growing emphasis on high crop yields

The increasing commercialization of zinc-containing fertilisers is expected to drive the growth of the agricultural zinc market. Furthermore, the growing emphasis of various governments in various countries on zinc-based fertilisers is expected to open up lucrative opportunities for producers. In recent years, several zinc-based fertiliser producers have focused on increasing production capacity in order to meet the current and emerging diversity of demand from end-users around the world.

Opportunity

In recent decades, food insecurity has become a major concern among scientists, researchers, agronomists, and policymakers worldwide. Due to the changing climatic conditions and the ever-present threat of anthropogenic activities, food security has received a lot of attention in recent years. Nowadays, all countries around the world are paying much more attention to food security, and they are all working together to achieve global food security. Food security is concerned not only with the quantity of food consumed by the global population, but also with food quality and variety. These factors necessitate the optimal utilisation of existing farmlands and the maximisation of their yield. These can be overcome by implementing

Restraints

However, among other factors, a lack of awareness about the dosage and proper application of micronutrients, including zinc, and the increasing availability of cheap alternatives and counterfeit products among farmers are major restraints that will further challenge the growth of the agricultural zinc market during the forecast period.

This agricultural zinc market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the agricultural zinc market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Agricultural Zinc Market

The global crisis caused by the COVID-19 pandemic has significantly impacted most industries since 2019. The COVID-19 pandemic is expected to affect many economies worldwide in 2021. Several COVID-19 combat measures, such as complete lockdowns and quarantine for two consecutive years, 2020 and 2021, have significantly impacted many industries worldwide, including a portion of the agricultural fertilisers industry. Fertilizers and agricultural micronutrients saw a significant slowdown in sales in 2020 and the first quarter of 2021 due to disruptions in logistics and transportation in many countries. Along with logistics and transportation, the agricultural zinc market experienced disruptions throughout the sector's entire value chain, beginning with raw materials supply.

Recent Developments

• Ohly (U.K.) and Lallemand (Canada) formed a strategic partnership in January 2019 to divest Ohly's Hutchinson Torula Yeast facility and associated Torula whole cell business in the United States. The long-term supply partnership between these companies aims to benefit Ohly by ensuring the site's long-term security.
• ADM acquired Neovia (Chicago) in January 2019, a global leader in value-added products and solutions for both production and companion animals. This acquisition would expand the existing portfolio with new products such as premixes, complete feed, ingredients, pet care solutions, aquaculture, additives, feed yeast, and amino acids.

Global Agricultural Zinc Market Scope

Agricultural zinc market is segmented on the basis of crop type, form and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

Crop type

• Cereals
• Rice
• Wheat
• Corn
• Oilseeds and Pulses
• Soybeans
• Dry peas
• Beans
• Others
• Fruits and Vegetables
• Brassica
• Cucurbit
• Leafy
• Root-bulb
• Solanaceae
• Others
• Canola
• Sunflower

Application

• Soil
• Foliar
• Fertigation
• Others

Form

• Chelated
• Ethylene diamine tetra-acetic acid (EDTA)
• Ethylene diamine di-2-hydroxyphenyl acetate (EDDHA)
• Diethylene triamine penta-acetic acid (DTPA)
• Others
• Non-chelated

Agricultural Zinc Market Regional Analysis/Insights

The agricultural zinc market is analysed and market size insights and trends are provided by country crop type, form and application as referenced above.

The countries covered in the agricultural zinc market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America is expected to dominate the agricultural zinc industry as a result of the province's burgeoning market for meat commodities. Increased customer awareness of the depletion of protein-rich commodities is also fuelling the increase in geographical demand.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Agricultural Zinc Market Share Analysis

The agricultural zinc market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to agricultural zinc market.

Some of the major players operating in the agricultural zinc market are:

• BASF SE (Germany)
• Nutrien, Ltd. (Canada)
• Yara International ASA (Norway)
• AkzoNobel (Netherlands)
• The Mosaic Company (U.S.)
• Nufarm (Australia)
• Corteva Inc. (U.S.)
• Balchem (U.S.)
• Sapec S.A.  (Belgium)
• Coromandel International Ltd (India)
• Land O’ Lakes (U.S.)
• Compass Minerals International (U.S.)
• Haifa Group (Israel)
• Helena Chemical Company (U.S.)
• ATP Nutrition (Canada)
• Stoller Enterprises (U.S.)
• Baicor LC (U.S.)
• Valagro (Italy)
• Zuari Agrochemicals Ltd. (India) 
• BMS-Micro-Nutrient NV (Belgium)

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