BASF is a chemical based global company. It organizes through five segments: Chemicals, Functional Materials, Agricultural Solutions, Performance Products, Solutions, and Oil & Gas. The Chemicals segment offers monomers, plasticizers, glues, solvents, raw materials and Micronutrients are essential agriculture for raising the yield and increasing the quality of agricultural produce.
In October 2017, BASF announced to buy seed and herbicide businesses from Bayer for €5.9 billion ($7 billion), as part of its acquisition of Monsanto. Besides, it had increased the global Agricultural chelates market in BASF.
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Market Data Forecast published a report named Agricultural Chelates Market. The Agricultural Chelates Market is expected to grow at 6.7% CAGR from 2019-2024, and it is estimated that the global market worth was at USD 507.36 million in 2019 and it is relied upon to reach USD 701.68 million by 2024.
Report segmented as:
Increasing usage of agricultural chelates for high crop productivity, which is the primary driver for the global market. Other factors, which are responsible for the growth of the market, are soil degradation, micronutrient deficiency, and shrinking of farmland. Product innovation may influence the global agricultural chelates market
Based on geography, the global market had segmented under various regions namely North America, Europe, Asia-Pacific and Africa and the Middle East, with Asia-Pacific being the largest user of agricultural chelates.
Key Market Players:
Van Iperen International
Shandong Iro Chelating Chemicals
Akzo Nobel N.V.
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The Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed, and the prospects with colossal growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.
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