Agricultural Chelates Market 2022-2027, Size, Share | Growth

According to the latest report by IMARC Group, titled “Global Agricultural Chelates Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027“, the global agricultural chelates market reached a value of US$ 614.8 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 927.3 Million by 2027, exhibiting a CAGR of 6.85% during 2022-2027.

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Agricultural chelates are organic molecules that can bind and slowly release metal ions, such as calcium (Ca), magnesium (Mg), iron (Fe), cobalt (Co), europium (Eu), manganese (Mn), and zinc (Zn), for uptake of nutrients by plants. They can be manufactured synthetically or occur naturally as products of organic matter decomposition. They are cost-effective due to the smaller quantities of chelates required. They help prevent nutrient loss through leaching or washout, increase micronutrient solubility, and minimize plant pathogen growth by reducing available iron. As a result, agricultural chelates are gaining immense traction across the globe.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Agricultural Chelates Market Trends and Drivers:

The global agricultural chelates market is primarily driven by the rising focus on agricultural development. Moreover, the increasing demand for high-value crops, such as gourmet mushrooms, lavender, and garlic, has augmented the product demand. Additionally, the surging adoption of precision farming technology and the rising usage of agricultural chelates to enhance micronutrient utilization efficiency are positively influencing the market growth.

Besides this, the increasing fertilizers consumption, especially in emerging economies, is contributing to market growth. Furthermore, the surging adoption of irrigation systems and the rising awareness about the benefits of agricultural chelates are other major growth-inducing factors.

Other factors, including the expanding global population, increasing incidences of micronutrient deficiency, technological advancements, the development of biodegradable chelates, and rapid growth in greenhouse vegetable production, are also anticipated to drive the market further.

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Agricultural Chelates Market Report Scope
Report Coverage Details
Market size value in 2021 US$ 614.8 Million
Market forecast in 2027 US$ 927.3 Million
Growth Rate CAGR of 6.85% from 2022 to 2027
Base year for estimation 2021
Historical data 2016-2021
Forecast period 2022-2027

Global Agricultural Chelates
Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Akzo Nobel N.V., Aries Agro Ltd, BASF SE, Dow Inc., Haifa Negev Technologies Ltd., Mitsubishi Chemical Corporation, Nouryon, Nufarm Limited, Protex International SA, The Andersons Inc., Valagro (Syngenta AG), Van Iperen International B.V. and Yara International ASA.

The report has segmented the market on the basis of region, type, crop type and application.

Breakup by Type:

  • Synthetic
    • EDTA
    • EDDHA
    • DTPA
    • IDHA
    • Others
  • Organic
    • Lignosulfonates
    • Aminoacids
    • Heptagluconates
    • Others

Breakup by Crop Type:

  • Grains and Cereals
  • Pulses and Oilseeds
  • Commercial Crops
  • Fruits and Vegetables
  • Turf and Ornamentals

Market Breakup by Application:

  • Soil
  • Foliar
  • Fertigation
  • Others

Breakup by Region:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022- 2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Read Also: Coffee Beans Market 2022-2027, Size, Share, Trends

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