Agricultural Chelates Market Size, Share, Growth Analysis, By Type (EDTA, EDDHA), By Crop Type (Cereals & Grains, Oilseeds & Pulses), By Micronutrient Type, By Mode of Application, By End Use, By Region - Industry Forecast 2024-2031
Global Agricultural Chelates Market size was valued at USD 2.29 billion in 2022 and is poised to grow from USD 2.48 billion in 2023 to USD 4.69 billion by 2031, growing at a CAGR of 8.3% during the forecast period (2024-2031).
The global agricultural chelates market is witnessing consistent growth, fueled by an increasing awareness of balanced plant nutrition. Chelates play a crucial role in delivering micronutrients, significantly enhancing nutrient absorption and plant utilization, leading to improved crop yield and quality. The shift towards chelated micronutrients is being driven by environmental concerns, as these products contribute to reducing soil and water pollution. The Asia-Pacific region stands out as a pivotal market, propelled by the expansion of agricultural activities. With a growing emphasis on sustainable farming practices and a rising demand for high-value crops, the agricultural chelates sector is expected to continue its expansion, prioritizing innovative and eco-friendly solutions to address the escalating global food demands.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Agricultural Chelates market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Agricultural Chelates Market Segmental Analysis
Global Agricultural Chelates Market is segmented by type, crop type, micronutrient type, mode of application, end use and region. Based on type, the market is segmented into EDTA, EDDHA, DTPA, IDHA and others. Based on crop type, the market is segmented into cereals and grains, oilseeds and pulses, fruits & vegetables and others. Based on micronutrient type, the market is segmented into iron, manganese, others, zinc, copper, magnesium and calcium. Based on mode of application, the market is segmented into soil application, seed dressing, foliar sprays, fertigation, others, trunk injection and implantation. Based on end use, the market is segmented into agriculture and indoor farming. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Global Agricultural Chelates Market
The global agricultural chelates market is being driven significantly by the increasing necessity for sustainable farming practices. As agricultural stakeholders strive for improved crop yield and quality, the demand for chelates has surged. These compounds enhance the efficiency of nutrient absorption, leading to healthier plant growth and overall agricultural productivity. This shift towards environmentally responsible farming techniques underscores a broader commitment to sustainability, making chelates an essential component in modern agriculture. Consequently, the focus on both yield enhancement and sustainable farming practices is propelling the growth and development of the global agricultural chelates market.
Restraints in the Global Agricultural Chelates Market
The Global Agricultural Chelates market faces several constraints that may impede its growth. One significant factor is the insufficient awareness and understanding of agricultural chelates among stakeholders, leading to limited adoption of these products. Additionally, concerns regarding their environmental impact may further deter potential users, resulting in a cautious approach to implementing chelate-based solutions. Regulatory hurdles and apprehensions about possible negative effects on soil health can also contribute to the hesitation in embracing these innovative solutions. Together, these factors create a challenging landscape for market expansion, underscoring the need for increased education and clearer regulatory frameworks.
Market Trends of the Global Agricultural Chelates Market
The global agricultural chelates market is experiencing a notable upward trend, fueled by innovations in production and formulation technologies that enhance nutrient delivery and maximize crop yields. As farmers increasingly prioritize sustainable practices, the adoption of chelated micronutrients is gaining traction, contributing to improved soil health and overall plant vitality. The heightened focus on environmental responsibility has prompted research into novel, eco-friendly chelating agents, further aligning the market with current sustainability demands. This trend emphasizes the agricultural sector's commitment to optimizing productivity while being mindful of ecological impacts, positioning agricultural chelates as a vital component in advancing modern farming practices.
Table of Contents
Introduction
Objectives of the Study
Scope of the Report
Definitions
Research Methodology
Information Procurement
Secondary & Primary Data Methods
Market Size Estimation
Market Assumptions & Limitations
Executive Summary
Global Market Outlook
Supply & Demand Trend Analysis
Segmental Opportunity Analysis
Market Dynamics & Outlook
Market Overview
Market Size
Market Dynamics
Drivers & Opportunities
Restraints & Challenges
Porters Analysis
Competitive rivalry
Threat of substitute
Bargaining power of buyers
Threat of new entrants
Bargaining power of suppliers
Key Market Insights
Key Success Factors
Degree of Competition
Top Investment Pockets
Market Ecosystem
Market Attractiveness Index, 2023
PESTEL Analysis
Macro-Economic Indicators
Value Chain Analysis
Pricing Analysis
Technological Advancement
Regulatory Landscape
Case Studies
Raw Material Analysis
Global Agricultural Chelates Market Size by Type & CAGR (2024-2031)
Market Overview
EDTA
EDDHA
DTPA
IDHA
Others
HEDP
HETDA
Organic Acids
NTA
Global Agricultural Chelates Market Size by Crop Type & CAGR (2024-2031)
Market Overview
Cereals and Grains
Oilseeds and Pulses
Fruits & Vegetables
Others
Turf
Ornamental Crops
Global Agricultural Chelates Market Size by Micronutrient Type & CAGR (2024-2031)
Market Overview
Iron
Manganese
Others
Zinc
Copper
Magnesium
Calcium
Global Agricultural Chelates Market Size by Mode Of Application & CAGR (2024-2031)
Market Overview
Soil Application
Seed Dressing
Foliar Sprays
Fertigation
Others
Trunk Injection
Implantation
Global Agricultural Chelates Market Size by End Use & CAGR (2024-2031)
Market Overview
Agriculture
Indoor Farming
Global Agricultural Chelates Market Size & CAGR (2024-2031)
North America (Type, Crop Type, Micronutrient Type, Mode Of Application, End Use)
USA
Canada
Europe (Type, Crop Type, Micronutrient Type, Mode Of Application, End Use)
Germany
Spain
France
UK
Italy
Rest of Europe
Asia Pacific (Type, Crop Type, Micronutrient Type, Mode Of Application, End Use)
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America (Type, Crop Type, Micronutrient Type, Mode Of Application, End Use)
Brazil
Rest of Latin America
Middle East & Africa (Type, Crop Type, Micronutrient Type, Mode Of Application:, End Use)