Global Agricultural Chelates Market

Global Agricultural Chelates Market Size, Share, Growth Analysis, By Type of Chelates(EDTA, DTPA), By Crop Type(Cereals & grains, fruits & vegetables) - Industry Forecast 2024-2031

Report ID: SQMIG15C2057 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 64 | Figures: 75

Global Agricultural Chelates Market Insights

Agricultural Chelates Market size was valued at USD 2.12 billion in 2022 and is poised to grow from USD 2.29 billion in 2023 to USD 3.99 billion by 2030, at a CAGR of 8.23% during the forecast period (2023-2030).

The global agricultural chelates market is experiencing steady growth due to rising awareness of balanced plant nutrition. Chelates, vital for micronutrient delivery, enhance nutrient absorption and utilization by plants, improving crop yield and quality.

Environmental concerns drive the shift towards chelated micronutrients, as they reduce soil and water pollution. Asia-Pacific is a key market, driven by expanding agricultural activities. With increased adoption of sustainable farming practices and demand for high-value crops, the agricultural chelates market is projected to see sustained expansion, focusing on innovative formulations and eco-friendly solutions to meet growing global food demands.

US Agricultural Chelates Market is poised to grow at a sustainable CAGR for the next forecast year.

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Agricultural Chelates Market size was valued at USD 2.12 billion in 2022 and is poised to grow from USD 2.29 billion in 2023 to USD 3.99 billion by 2030, at a CAGR of 8.23% during the forecast period (2023-2030).

The global agricultural chelates market features intense competition among key players vying for market share. Leading companies, such as BASF SE, AkzoNobel N.V., and Haifa Group, focus on innovative chelate formulations to enhance nutrient uptake in plants, thereby boosting crop yield and quality. Sustainability-driven practices, research partnerships, and expanding distribution networks are pivotal strategies. The market is characterized by ongoing technological advancements, product diversification, and robust customer engagement efforts to cater to diverse agricultural needs and foster growth in this dynamic sector. 'BASF SE (Germany)', 'Akzo Nobel N.V. (Netherlands)', 'Syngenta AG (Switzerland)', 'The Dow Chemical Company (USA)', 'Yara International ASA (Norway)', 'Haifa Group (Israel)', 'Nufarm Limited (Australia)', 'Valagro S.p.A. (Italy)', 'Aries Agro Limited (India)', 'Protex International (France)', 'Deretil Agronutritional (Spain)', 'Van Iperen International (Netherlands)', 'BMS Micro-Nutrients NV (Belgium)', 'ATP Nutrition (Canada)', 'Manvert (Spain)', 'Micromix Plant Health Limited (UK)', 'Brandt Consolidated, Inc. (USA)', 'FMC Corporation (USA)', 'Mosaic Company (USA)', 'Agmin Chelates Pty Ltd (Australia)'

The growing demand for enhanced crop yield and quality, coupled with the need for sustainable farming practices, is fueling the expansion of the global agricultural chelates market. Chelates facilitate efficient nutrient uptake, resulting in improved plant growth and health.

In recent years, the global agricultural chelates market has witnessed significant developments. Advancements in chelate production techniques, formulation technologies, and enhanced nutrient delivery systems have led to improved crop yields and nutrient uptake efficiency. Increasing awareness about sustainable agricultural practices has driven the adoption of chelated micronutrients, aiding soil health and plant growth. Additionally, research into novel chelating agents and their eco-friendly applications has gained momentum, aligning with the growing demand for environmentally conscious solutions. These developments highlight the sector's continuous evolution towards optimizing agricultural productivity while minimizing environmental impact.

The largest market for agricultural chelates can vary depending on the specific type of chelate and the time considered. Historically, North America and Europe have been significant consumers of agricultural chelates due to their well-established agricultural sectors and high adoption of advanced agricultural practices.

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