Agriculture Grade Zinc Chemicals Market: Industry Analysis and Trends, 2025

The global Agriculture Grade Zinc Chemicals Market size is projected to reach USD 1.04 billion by 2025, expanding at a CAGR of 6.3% over the forecast period, according to a new report by Grand View Research, Inc. Increased population density and human activities are contributing to the degradation and reduction of mineral and nutrient content of soil. This factor drives the demand for nutrient-based agrochemicals, in turn driving the market for agriculture grade zinc chemicals.
Sulphur-zinc bentonite is one of the fastest growing derivatives and is likely to witness a CAGR of 7.0% from 2019 to 2025. It is produced by multinational companies including Coromandel and Tiger-Sul. Coromandel’s Sulphozinc usually comprises 25% zinc oxide, 65% elemental sulphur, and 10% bentonite. These are typically commercially sold in granular form which readily disperse upon discharging into soil, which then releases zinc particulars and micronized elemental sulphur.
Zinc deficiency is one of the most widespread micronutrient deficiencies in North American soil, especially in the arid and semi-arid parts of U.S. Due to high pH and high phosphorus content in arid areas, the solubility of zinc decreases, resulting in a nutrient deficit soil. The farmers in the region thus largely depend on agrochemicals containing sulphate, chloride or oxide of zinc. Mexico also has a significant contribution to the North American agricultural sector. Increasing fertilizer consumption as per the Food and Agriculture Organization (FAO) regulations in the country is anticipated to positively influence the demand for the product.
One of the major challenges for the growth of the agriculture grade zinc chemicals market is inadequate knowledge about the accurate and adequate quantity of zinc required for the production of good-quality crops. Both farmers and customers lack awareness regarding safety of the food consumed directly depending on the quality of the chemicals used on fruits and vegetables. According to the Ministry of Agriculture, lack of appropriate human resources is the biggest challenge faced by the global agribusiness. Thus, regional governments have developed different strategies to educate local farmers regarding the global agriculture trends.
Request a sample copy or view summary of this [email protected]
Further key findings from the report suggest:
  • Zinc oxide dominated the market with an estimated value of 356.4 kilotons in 2018 majorly due to wide availability of the derivative and good fertility in major parts of the world
  • Demand for zinc chloride is anticipated to register rapid CAGR of over 6% from 2019 to 2025 due to its superior properties
  • Asia Pacific is expected to witness a CAGR of 6.0%, in terms of volume, from 2019 to 2025
  • India is the second-largest market for agriculture in Asia Pacific with a share of about 42% in terms of the demand for the product. The country is anticipated to witness substantial CAGR of over 7%, in terms of revenue, from 2019 to 2025
  • Key market players with a comprehensive product portfolio are Tiger-Sul, ZoChem LLC, American Chemet Corporation, and Yara International

You may also like


No comments yet... Be the first to leave a reply! Login here

0 Karma
118 Posts

CMFE Updates
1 Subscribers
59 Posts
Made with by Mamby