USD 2.12 billion
Agricultural Chelates Market Size, Share, Growth Analysis, By Type of Chelates(EDTA, DTPA, EDDHA, and others), By Crop Type(Cereals & grains, fruits & vegetables, and others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15C2057 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
64
|Figures:
75
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.
Market snapshot - 2023-2030
Global Market Size
Largest Segment
oilseeds & pulses
Fastest Growth
oilseeds & pulses
Growth Rate
8.23% CAGR
Global Agricultural chelates market by region
Country Share for North America (%)
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Agricultural Chelates Market Segmental Analysis
The global agricultural chelates market is analyzed based on various segments. These segments include the type of chelates (such as EDTA, DTPA, EDDHA, and others), crop type (cereals & grains, fruits & vegetables, and others), and region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa).
Agricultural Chelates Market Analysis by Type of Chelates
The agricultural chelates market was driven by factors such as increasing demand for high-quality crops, soil nutrient management, and sustainable agricultural practices. Among the types of chelates, EDTA chelates were one of the largest segments due to their historical usage and wide applicability.
The fastest-growing segment was likely the environmentally friendly chelates, such as IDHA and EDDHMA. These chelates gained traction due to the growing emphasis on sustainable agriculture and reduced environmental impact. Consumers and regulatory bodies were increasingly seeking products that have less harm to ecosystems while maintaining or improving crop yields.
Agricultural Chelates Market Analysis by Type of Crop
The largest segment for agricultural chelates usage might be fruits and vegetables. These crops are often more sensitive to micronutrient deficiencies and are high-value crops, making them attractive targets for nutrient optimization.
The fastest-growing segment could be oilseeds and pulses. As plant-based diets gain popularity and demand for vegetable oils and plant-based proteins increases, the cultivation of oilseeds and pulses may experience growth. These crops can benefit from enhanced nutrient uptake provided by agricultural chelates.
Global Agricultural chelates market by crop type
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Agricultural Chelates Market Regional Insights
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.
The fastest-growing market for agricultural chelates has been in the Asia-Pacific region. This is primarily driven by the region's expanding population, increasing demand for food, and the adoption of modern agricultural techniques to improve crop yield and quality. Additionally, several countries in the Asia-Pacific region, such as India and China, have been witnessing a rise in awareness about micronutrient deficiencies in soils, leading to a higher demand for agricultural chelates.
Global Agricultural chelates market by geography
- Largest
- Fastest
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Agricultural Chelates Market Dynamics
Agricultural Chelates Market Drivers
Need for Sustainable Farming
- 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.
Agricultural Chelates Market Restraints
Lack of Awareness
- Limited awareness and adoption of agricultural chelates, along with concerns about their environmental impact, could hinder market growth. Regulatory challenges and potential adverse effects on soil health might restrain the widespread adoption of chelate-based solutions.
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Agricultural Chelates Market Competitive Landscape
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.
Agricultural Chelates Market Top Player’s Company Profiles
- 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)
Agricultural Chelates Market Recent Developments
- In January 2023, Nouryon, a global specialty chemicals leader, acquired ADOB, a leading supplier of chelated micronutrients, folders, and other specialty agricultural solutions in Poland, to broaden its innovative crop nutrition portfolio.
Agricultural Chelates Key Market Trends
- 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.
Agricultural Chelates Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, the global agricultural chelates market is poised for promising growth due to increasing demand for enhanced crop yield and quality. Chelates play a crucial role in facilitating nutrient uptake in plants, leading to improved agricultural productivity. As sustainable farming practices gain traction, chelates' ability to mitigate nutrient deficiencies and enhance nutrient utilization will drive their adoption. Additionally, technological advancements and growing awareness about efficient nutrient management are likely to fuel market expansion. However, regulatory factors and environmental concerns may influence market dynamics. Overall, the agricultural chelates market is anticipated to experience substantial growth, driven by a focus on sustainable and efficient farming methods.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 2.12 billion |
| Market size value in 2030 | USD 3.99 billion |
| Growth Rate | 8.23% |
| Base year | 2023 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Agricultural Chelates Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Agricultural Chelates Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Agricultural Chelates Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Agricultural Chelates Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Agricultural Chelates Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Agricultural Chelates Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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