The Business Research Company’s report on the Agricultural Chelates Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the agricultural chelates market in recent years?
The rise in farm production expenditure is expected to propel the growth of the agriculture chelates market going forward. Farm production expenditure refers to the total amount spent by farms on various inputs and expenses related to agricultural production. Agricultural chelates are chemical compounds used in agriculture to improve the availability and uptake of important minerals by plants. For instance, according to the United States Department of Agriculture, a US-based government agency, in 2022, U.S. farms spent $195.5 billion on crop farms. Therefore, the rise in farm production expenditure is driving the agriculture chelates market.
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What is the projected market size of the agricultural chelates industry, and how is it expected to grow?
The agricultural chelates market size has grown strongly in recent years. It will grow from$1.22 billion in 2024 to $1.32 billion in 2025 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to soil quality concerns, rise in global population, increase in commercial agriculture, expansion of precision farming, growing awareness of crop nutrition
The agricultural chelates market size is expected to see strong growth in the next few years. It will grow to “$1.78 billion in 2029 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to expansion of organic farming, climate change challenges, focus on sustainable agriculture, government support for precision agriculture, increasing investments in agtech. Major trends in the forecast period include technological innovations in chelate formulations, technological advancements in agriculture, rising adoption of precision agriculture, increased use of micronutrients in crop production, technological advancements in chelate production.
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Who are the key players driving competition in the agricultural chelates market?
Major companies operating in the agricultural chelates market include Yara International ASA, Haifa Group, Nouryon Holding B.V., BASF SE, The Andersons Inc., Dow Inc., Nufarm Limited, ICL Group Ltd., Syngenta Group Co. Ltd., Aries Agro Limited, Akzo Nobel N.V., Valagro S.p.A., Deretil Agronutritional S.L., ATP Nutrition Ltd., Manvert S.L., BMS-Micronutrients NV, Mitsubishi Chemical Corporation, Innospec Inc., Shandong Iro Chelating Chemical Co. Ltd, Ava Chemicals Private Limited, Protex International, Agmin Chelates, COMPO EXPERT GmbH, LidoChem Inc., Andersons Plant Nutrient Group, CHS Inc., Wilbur-Ellis Holdings Inc., Van Iperen International B.V., ADOB Haifa Ltd., Aquapharm Chemical Pvt. Ltd.
What key trends are expected to drive the age-related macular degeneration market during the forecast period?
Product innovations have emerged as the key trend gaining popularity in the agricultural chelates market. Major companies operating in the agricultural chelates market are developing innovative products to strengthen their position in the market. For instance, in August 2022, Innospec Inc., a US-based leading polyethylene wax producer, launched ENVIOMET C, an environmentally friendly chelating agent for agricultural applications. This product is readily biodegradable and aims to cater to the demands of customers who seek chelating agents that deliver exceptional performance while having minimal impact on the environment.
Which key geographies are driving the growth of the agricultural chelates market?
Asia-Pacific was the largest region in the agricultural chelates market in 2024.Europe is expected to be the fastest-growing region in the global agriculture chelates market report during the forecast period. The regions covered in the agricultural chelates market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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What are the key segments driving growth in the agricultural chelates market?
The agricultural chelates market covered in this report is segmented –
1) By Type: EDTA (Ethylenediaminetetraacetic Acid), EDDHA (Ethylenediamine-N,N’-bis (2-Hydroxyphenylacetic Acid), DTPA (Diethylenetriamine Pentaacetate), IDHA (Imidodisuccinic Acid), Other Types
2) By Crop Type: Cereals And Grains, Oilseeds And Pulses, Fruits And Vegetable, Other Crop Types
3) By Application: Soil, Foliar, Hydroponics, Other Applications
Subsegments:
1) By EDTA (Ethylenediaminetetraacetic Acid): EDTA Calcium, EDTA Magnesium, EDTA Iron, EDTA Zinc
2) By EDDHA (Ethylenediamine-N,N’-bis (2-Hydroxyphenylacetic Acid)): EDDHA Iron, EDDHA Calcium
3) By DTPA (Diethylenetriamine Pentaacetate): DTPA Iron, DTPA Calcium
4) By IDHA (Imidodisuccinic Acid): IDHA Iron, IDHA Calcium
5) By Other Types: Organic Chelates, Synthetic Chelates
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How is the agricultural chelates market defined?
Agricultural chelates are fertilizers that contain micronutrients such as iron, zInc., manganese, and copper, which are vital for plant growth and productivity. The application of chelated micronutrients has been shown to be an effective way to increase crop yields and their quality.
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