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Agricultural Chelates Market

Agricultural Chelates Market

Agricultural Chelates Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

Base Year:

2022

Date

Dec - 2021

Format:

PDF XLS PPT

Report Code:

VMR-VMR-2021-1073

Segments Covered
  • By Type By Type EDTA, EDDHA, DTPA, IDHA, Others
  • By Crop Type By Crop Type Cereals and grains, Oilseeds and Pulses, Fruits & Vegetables, Others
  • By Application By Application Soil Application, Seed Dressing, Foliar Sprays, Fertigation, Others
  • By Region By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base YearBase Year: 2022
Forecast YearsForecast Years: 2023 - 2030
Historical YearsHistorical Years: 2017 - 2021
Revenue 2022Revenue 2022: USD 1098.97 Million
Revenue 2030Revenue 2030: USD 1860.21 Million
Revenue CAGRRevenue CAGR (2023 - 2030): 6.80%
Fastest Growing Region Fastest Growing Region (2023 - 2030) Asia Pacific
Largest Region Largest Region (2022): Europe
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost) Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries) Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report Country/Region-specific Report
  • Go To Market Strategy Go To Market Strategy
  • Region Specific Market Dynamics Region Specific Market Dynamics
  • Region Level Market Share Region Level Market Share
  • Import Export Analysis Import Export Analysis
  • Production Analysis Production Analysis
  • Other Others Request Customization Speak To Analyst
Agricultural Chelates Market Share

The global Agricultural Chelates Market is valued at USD 1098.97 Million in 2022 and is projected to reach a value of USD 1860.21 Million by 2030 at a CAGR (Compound Annual Growth Rate) of 6.80% between 2023 and 2030.

Premium Insights

The Agricultural Chelates industry is expanding rapidly due to factors such rising consumer demand for increased crop yields, soil micronutrient deficits, and compatibility with pesticides and fertilizers. For improving stability and sustainability in crop production, particularly in the production of food grains, pulses, and oilseeds, chelates, particularly micronutrient fertilizers, are becoming increasingly important. Additionally, studies are concentrating on biodegradable chelates to suit the needs of fertigation and hydroponics, which are becoming more and more popular under difficult agronomic settings.

Agricultural Chelates Market Size, 2022 To 2030 (USD Million)

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  • The surge in population and the need for higher crop yields are compelling farmers to seek micronutrient solutions, driving growth in the Agricultural Chelates market.
  • Europe generated more than 35.10% of revenue share in 2022
  • Asia Pacific is expected to grow at the quickest rate from 2023 to 2030
  • EDTA segment accounted for the largest market growth. It contributed over 34.9% of the total revenue share in 2022
  • Fruits & vegetables segment revealed the most significant market growth, contributing more than 32.2% of the total revenue share in 2022
  • Foliar sprays segment accounts for largest revenue of 38.6% in 2022

Economic Insights

Economic analysis of the Agricultural Chelates market reveals a sector closely related to global agriculture, which accounts for about 3% of global GDP. The population of the world is expected to increase by 9.7 billion people by the year 2050, fueling the Agricultural Chelates market's annual growth rate. Crop values have a substantial impact, especially for high-value and export-oriented commodities, which account for more than 40% of the market's overall revenue. Around 15% of the total expenditures for chelate producers go toward regulatory compliance, which raises the price of manufacturing and use. Additionally, manufacturers' continual efforts to innovate and enhance the sustainability and efficacy of chelate formulations contribute roughly 8% of the market's overall value.

Report Coverage & Deliverables

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Top Market Trends

  • Increasing demand for organic farming: Chelates are a crucial component of organic fertilizers, which are becoming more and more popular in organic farming. Chelates assist in increasing the availability of nutrients to plants, which can increase agricultural yields and quality.
  • Growing awareness of the importance of micronutrients: Micronutrients are crucial for plant growth, yet soils frequently lack them. Chelates have the ability to transport micronutrients to plants, enhancing crop quality and output.
  • Development of new chelating agents: More efficient and environmentally friendly chelating agents are currently being created. Chelates are now a more alluring choice for farmers as a result.
  • Increased use of chelates in greenhouses: Crops that are grown year-round in greenhouses are prone to nutritional shortages. Chelates can assist increase crop yields and quality by supplying nutrients to plants in greenhouses.

Market Segmentation

Agricultural Chelates The global Agricultural Chelates market can be categorized into Type, Crop Type, Application, Region. The Agricultural Chelates market can be categorized into EDTA, EDDHA, DTPA, IDHA, Others based on Type. The Agricultural Chelates market can be categorized into Cereals and grains, Oilseeds and Pulses, Fruits & Vegetables, Others based on Crop Type. The Agricultural Chelates market can be categorized into Soil Application, Seed Dressing, Foliar Sprays, Fertigation, Others based on Application. The Agricultural Chelates market can be categorized into North America, Europe, Asia Pacific, Latin America, Middle East & Africa based on Region.

Below tree is interactive. You can click the nodes to get more information.

Based on Type

EDTA holds the largest share

The Agricultural Chelates market is dominated by EDTA (ethylenediaminetetraacetic acid), mostly because of its extraordinary flexibility. A wide range of necessary metals, including as iron, manganese, copper, and zinc, can be chelated by EDTA. Additionally, it is a reliable and highly efficient option for agricultural applications due to its stability and low toxicity reputation. The widespread acceptance of EDTA in agriculture is further supported by its accessibility in a variety of forms, affordability, and adaptability to different soil environments.

Based on Crop Type

Fruits & vegetables will dominate the market during Forecast Period

The fruits and vegetable segment to dominate the Agricultural Chelates market for the duration of the forecast period. Farmers are encouraged to invest in chelates to improve agricultural yields and quality since high-value commodities like fruits and vegetables get premium prices on the market. These crops are vulnerable to nutrient deficits because they are frequently grown in nutrient-deficient soils, making chelates an essential tool for controlled nutrient delivery. Additionally, the growing demand for fruits and vegetables as a result of rising consumer health consciousness highlights the crucial role that chelates play in enhancing crop quality and nutrient content, solidifying the fruits and vegetables segment as the market leader for Agricultural Chelates.

Based on Application

Foliar sprays will dominate the market in 2022

In terms of application, foliar sprays will dominate the market. Foliar sprays enable a quick and precise application that targets the leaves where nutrients are most needed, making it an efficient and practical way to deliver nutrients to plants. Their ability to apply a wide range of nutrients, including chelates, macronutrients, and micronutrients, adds to their popularity as a product that can greatly raise crop yields and quality.

Based on Region

Europe will lead the market

Europe is expected to dominate the market for Agricultural Chelates because Europe has a sizable and well-developed agricultural industry, which is in charge of a sizeable portion of the world's food production. The crucial role that chelates play in improving agricultural yields and quality is also becoming increasingly well known in Europe, due to rising food demand, concerns about environmental sustainability, and the development of more powerful and environmentally friendly chelating agents. The use of chelates in agriculture is encouraged by a supportive regulatory framework in Europe, which recognizes them as safe and effective products.

Competitive Landscape

The global Agricultural Chelates market is fragmented, including a diverse array of the presence of several key players, ranging from leading multinational corporations, regional contenders, and specialized chelate manufacturers all contribute to the competitive dynamics of the market. Additionally, strategic partnerships and collaborations enable market leaders to broaden their reach and tap into emerging markets. Sustainability and eco-friendly solutions are becoming focal points, compelling competition towards environmentally responsible alternatives.

The players in the global Agricultural Chelates market include BASF SE (Germany), Nouryon (Netherlands), The Dow Chemical Company (US), Yara International (Norway), ICL (Israel), Haifa Chemicals Ltd (Israel), Syngenta (US), Nufarm Ltd (Australia), Aries Agro Ltd (India), The Andersons Inc. (US), ATP nutrition (Canada), Manvert (Spain), BMS-Micronutrients NV (Belgium), Wilbur-Ellis company (US), Compo Expert GMBH (Germany), Greensmiths Inc. (US), Agmin Chelates Pty. Ltd (Australia), Van Iperen International (Netherlands), Valagro SpA (Italy), Shandong Iro Chelating Chemical Co., Ltd. (China), Protex International SA (France), Deretil Agronutritional (Spain). among others.

Recent Market Developments

  • January 2023: The top Polish supplier of chelated micronutrients, foliars, and other specialized agricultural products, ADOB, was acquired by Nouryon, according to a press release.

Segmentation of the Global Agricultural Chelates Market

Parameter Details
Segments Covered

By Type

  • EDTA
  • EDDHA
  • DTPA
  • IDHA
  • Others

By Crop Type

  • Cereals and grains
  • Oilseeds and Pulses
  • Fruits & Vegetables
  • Others

By Application

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

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • BASF SE (Germany)
  • Nouryon (Netherlands)
  • The Dow Chemical Company (US)
  • Yara International (Norway)
  • ICL (Israel)
  • Haifa Chemicals Ltd (Israel)
  • Syngenta (US)
  • Nufarm Ltd (Australia)
  • Aries Agro Ltd (India)
  • The Andersons Inc. (US)
  • ATP nutrition (Canada)
  • Manvert (Spain)
  • BMS-Micronutrients NV (Belgium)
  • Wilbur-Ellis company (US)
  • Compo Expert GMBH (Germany)
  • Greensmiths Inc. (US)
  • Agmin Chelates Pty. Ltd (Australia)
  • Van Iperen International (Netherlands)
  • Valagro SpA (Italy)
  • Shandong Iro Chelating Chemical Co. Ltd. (China)
  • Protex International SA (France)
  • Deretil Agronutritional (Spain).
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis
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FAQ
Frequently Asked Question
  • The global Agricultural Chelates valued at USD 1098.97 Million in 2022 and is expected to reach USD 1860.21 Million in 2030 growing at a CAGR of 6.80%.

  • The prominent players in the market are BASF SE (Germany), Nouryon (Netherlands), The Dow Chemical Company (US), Yara International (Norway), ICL (Israel), Haifa Chemicals Ltd (Israel), Syngenta (US), Nufarm Ltd (Australia), Aries Agro Ltd (India), The Andersons Inc. (US), ATP nutrition (Canada), Manvert (Spain), BMS-Micronutrients NV (Belgium), Wilbur-Ellis company (US), Compo Expert GMBH (Germany), Greensmiths Inc. (US), Agmin Chelates Pty. Ltd (Australia), Van Iperen International (Netherlands), Valagro SpA (Italy), Shandong Iro Chelating Chemical Co., Ltd. (China), Protex International SA (France), Deretil Agronutritional (Spain)..

  • The market is project to grow at a CAGR of 6.80% between 2023 and 2030.

  • The driving factors of the Agricultural Chelates include

    • Strong Demand for High-Value Crops

  • Europe was the leading regional segment of the Agricultural Chelates in 2022.