Agricultural Chelates Market Size, Share, Trends, Growth 2032

Agricultural Chelates Market Insights

According to a report from Zion Market Research, the global Agricultural Chelates Market was valued at USD 1027.01 Million in 2023 and is projected to hit USD 1952.6 Million by 2032, with a compound annual growth rate (CAGR) of 7.4% during the forecast period 2024-2032.

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This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Agricultural Chelates industry over the next decade.

Global Agricultural Chelates Market: Overview

The substances used in fertilisers to increase the efficiency of agricultural fertilisers are agricultural chelates. The fertiliser solution applied to these chelates will increase the crop's yield. In agricultural applications, various types of agricultural chelates are used, such as EDTA, DTPA, and EDDHA, etc. These farm chelates can chelate micronutrient fertilisers such as iron, zinc, copper, manganese, and others. The use of these chelates will improve the performance and productivity of micronutrients. In agricultural applications, agricultural chelates are used depending on the type of crop, such as fruits & vegetables, oilseeds & pulses, and others.

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Global Agricultural Chelates Market: Growth Factors

The increasing depletion of the soil due to increased demand for high yielding crops would drive the rise in demand for the market for agricultural chelates. Furthermore the rising need for chelated iron micronutrients for agricultural applications will further contribute to an increase in demand for agricultural chelates. Accumulation of non-biodegradable chelates can mainly damage crops and soil, which can impede the growth of the demand for agricultural chelates.

Global Agricultural Chelates Market: Segmentation

The Agricultural Chelates market is fragmented based on type, crop type, and application.

By type, the market is divided into EDTA, EDDHA, DTPA, IDHA, and Others.

On the basis of Crop type, the Agricultural Chelates market includes cereals & grains, fruits & vegetables, oilseeds & pulses, and others. Fruits & vegetables had the largest market share in 2019, and during the projected timeframe, it is still expected to retain its leading position. In the coming years, it is projected that there will be an increase in fruit and vegetable intake.

On the basis of application, the market is segmented into soil application, seed dressing, foliar sprays, fertigation, and others.

Agricultural Chelates Market: Report Scope

Global Agricultural Chelates Market: Regional Analysis

Region-wise, the global market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

In terms of countries, Europe accounted for the largest share of the demand for agricultural chelates in 2019 and is expected to rule the market over the forecast period. Spain and the Netherlands have an expanded area of agriculture, including greenhouse cultivation, due to rising demand from European countries. There are also export demands from these countries for a wide variety of crops, such as pulses, vegetables, cereals, oilseeds and cash crops.

Global Agricultural Chelates Market: Competitive Players

Some main participants of the agricultural chelates market are

• ATP Nutrition
• ICL
• Valagro S.p.A
• Aries Agro Ltd.
• BASF SE
• Greensmiths, Inc
• Haifa Chemicals
• Nouryon
• Nufarm Ltd
• Syngenta AG
• The Andersons, Inc.
• The Dow Chemical Company
• Wilbur-Ellis Company Inc

The agricultural chelates market is segmented as follows:

By Type

• EDTA
• EDDHA
• DTPA
• IDHA
• Others

By Crop Type

• Cereals & Grains
• Fruits & Vegetables
• Oilseeds & Pulses
• Others

By Application

• Soil Application
• Seed Dressing
• Foliar Sprays
• Fertigation
• Others

Agricultural Chelates Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa