IMARC Group, a leading market research company, has recently releases report titled “Agricultural Chelates Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global agricultural chelates market share, size, growth, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Industry Overview of Agricultural Chelates

Agricultural chelates are organic or inorganic compounds used in agriculture to improve the availability and uptake of essential micronutrients by plants. They form stable complexes with metal ions like iron, zinc, and copper, which makes it easier for plants to absorb these nutrients from the soil. They prevent them from interacting with other elements in the soil by chelating the metal ions, which improves their solubility and availability to plants. They are used in conditions where the soil is alkaline or has a high pH, situations in which essential micronutrients often become less available for plant uptake.

How Big Is the Agricultural Chelates Market?

The global agricultural chelates market size reached US$ 665.8 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 989.7 Million by 2028, exhibiting a growth rate (CAGR) of 6.58% during 2023-2028.

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What are the growth prospects and trends in the agricultural chelates industry?

The increasing global population that necessitates higher agricultural productivity represents one of the primary factors catalyzing the adoption of agricultural chelates to improve nutrient uptake in crops around the world.

Moreover, the rising need to maximize crop yields with a limited amount of arable land available, which drives the use of chelated micronutrients to enhance plant growth, is favoring the growth of the market. In addition, the shifting consumer preferences towards healthier diets with more fruits and vegetables are contributing to the market growth.

Apart from this, the growing environmental concerns like drought, salinity, and nutrient imbalances, which make chelated micronutrients crucial for mitigating stress and maintaining crop health, are influencing the market positively.

What is included in market segmentation?

The report has segmented the market into the following categories:

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

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

Who are the key players operating in the industry?

The report covers the major market players including:

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.

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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