Agricultural Chelates Market - By Type (EDTA, DTPA, EDDHA, IDHA), By Crop Type (Cereals & Grains, Fruits & Vegetables, Oilseeds & Pulses), By Mode of Application (Foliar Spray, Soil Treatment, Fertigation, Seed Treatment), By End-Use & Forecast, 2024 – 2032
Published Date: July - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Agriculture | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationAgricultural Chelates Market Size
Agricultural chelates market was valued at around USD 930.5 million in 2023 and is anticipated to grow at a CAGR of around 4.7% between 2024 and 2032.
To get key market trends
As the world's population grows, so does the demand for food. This means that farmers need to squeeze every ounce of nutrients from their crops. Agricultural chelates, which are chemicals that help plants absorb essential nutrients, are becoming increasingly popular as a way to boost crop yields. Chelates containing micronutrients like zinc, iron, and manganese are especially in demand, as these nutrients are often deficient in soils. Chelates help plants absorb these nutrients more efficiently, leading to healthier crops and higher yields. The growing awareness of the need for sustainable farming practices is also driving up demand for chelates. Chelates are a more environmentally friendly way to fertilize crops than traditional methods, which can cause soil contamination and water pollution. Finally, the rise of precision farming is also boosting the demand for chelates. Precision farming is a method of farming that uses technology to tailor fertilizer applications to the specific needs of each plant. Chelates are a key component of precision farming, as they can be applied in precise amounts to meet the specific nutrient needs of each plant. All of these factors are contributing to the growth of the agricultural chelates industry. As the demand for food continues to grow, chelates will become increasingly important in helping farmers meet the world's nutritional needs.
| Report Attribute | Details |
|---|---|
| Base Year | 2023 |
| Agricultural Chelates Market Size in 2023 | 930.5 Million |
| Forecast Period | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR | 4.7% |
| 2032 Value Projection | 1.41 Billion |
| Historical Data for | 2018 - 2023 |
| No. of Pages | 180 |
| Tables, Charts & Figures | 296 |
| Segments covered | type, crop type, mode of application, end-use |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
What are the growth opportunities in this market?
Growing environmental concerns are a major impediment to the agricultural chelates business. The use of chelates in agriculture, particularly specific forms such as EDTA, has aroused environmental concerns due to their persistence in soil and ability to leak into water bodies, resulting in environmental damage. Consumers and industry stakeholders are concerned about the long-term impact of chelate usage on soil health and aquatic environments because to increased regulatory scrutiny and increased knowledge. The environmental impact of chelates becomes a key concern as sustainable and eco-friendly farming techniques gain acceptance, impeding the growth of revenue in the agricultural chelates industry.
Agricultural Chelates Market Trends
Increasing emphasis on sustainable farming techniques is driving increased usage in the agricultural chelates industry. Chelating compounds that improve fertilizer efficiency and promote ecologically friendly agricultural practices are in high demand. Bio-based and biodegradable chelates are gaining popularity, reflecting a larger industry move toward environmentally friendly solutions. Furthermore, precision farming and the use of chelates into controlled-release fertilizers are new developments that improve nutrient management and crop yields. Smart formulations and customized chelate treatments tailored to specific soil and crop requirements are becoming more common as digital agriculture gets traction, representing a changing environment in the agricultural chelates industry.
Agricultural Chelates Market Analysis
Learn more about the key segments shaping this market
In the world of agriculture, chelates are like super-helpers for crops. They play a crucial role in making essential nutrients like iron, zinc, and copper easily available to plants. Among different types of chelates, EDTA has taken the cake! Back in 2023, EDTA was the boss, holding the biggest share of the chelate market at a whopping $324.7 million. Why? Because it's a master at delivering these all-important nutrients to crops in a way they can easily absorb. This has a magical effect on crops. They grow healthier, stronger, and produce more. And because EDTA chelates are so good at balancing micronutrient levels in different types of soil, they've become a must-have in modern farming. So, it's no wonder that the demand for chelates like EDTA is on the rise. After all, who wouldn't want to supercharge their crops and meet the growing demand for high-quality, nutritious food? EDTA chelates are leading the charge in this quest for sustainable and efficient farming, making sure our plants have everything they need to thrive.
Learn more about the key segments shaping this market
When it comes to our food, different types of crops are like different players on a team. They each have their own roles to play. Cereals and grains are like the star players. They make up the biggest part of our food, about 45% in 2023. Wheat, rice, corn, and barley are all in this crew. They're super important because they keep us feeling full and energized. But to keep these star players healthy, we need to give them the right nutrients. They need things like iron, zinc, and manganese to stay strong and give us the most food possible. That's where chelates come in. They're like special messengers that carry these nutrients right to the crops. They make sure these essential ingredients get where they need to go, especially in places where the soil doesn't have enough of them. Farmers are using these chelate-filled fertilizers more and more to make sure their crops are getting the vitamins they need. This not only makes the crops healthier but also helps them produce more food. And when we have more food, we can better feed our growing population and keep everyone healthy and happy.
When it comes to using chelates in farming, there are a few different ways to do itby spraying them on leaves, treating the soil, adding them to irrigation water, treating seeds, and other methods. Out of these, the most common way is to treat the soil, which accounted for about 40.2% of the market in 2023. Farmers are increasingly using chelates to improve the health of their soil, which is crucial for sustainable agriculture. Chelates help plants grow better by fixing problems in the soil and making important micronutrients like iron, zinc, and manganese more available for plants to absorb. As farmers realize the value of good soil quality and the need for higher crop yields, the demand for chelates for soil treatment has skyrocketed.
Based on end-use, the market is segmented as agriculture, horticulture, floriculture, and others. Agriculture segment held a majority market value of USD 512.8 million in 2023. As the world's population grows, so does the demand for food supply, necessitating improved agricultural methods. Agricultural chelates serve an important role in plant nutrition by increasing nutrient absorption, assuring appropriate development, and reducing nutritional shortages. Demand for increased crop yields, enhanced quality, and nutrient-efficient farming techniques has fuelled the use of agricultural chelates in a variety of crop types.
Looking for region specific data?
North America dominated the majority market share and a revenue of USD 330.3 million in 2023. The region's expanding agricultural industry, as well as an increasing emphasis on crop productivity and quality, are driving strong demand for agricultural chelates in North America. Farmers' growing awareness of the importance of micronutrients in plant nutrition is driving the need for chelates to efficiently address nutritional shortages. The growing preference for high-value crops, along with the necessity for sustainable farming techniques, is driving the development of agricultural chelates in North America.
Agricultural Chelates Market Share
BASF is a major player in the market, with an estimated global market share of more than 20%. The company offers a wide range of chelated micronutrients, including iron, zinc, manganese, and copper, which are used to improve crop yields and quality. BASF has a global network of production facilities, including several plants that produce agricultural chelates.
Syngenta is a major player in the agricultural chelates industry, holding an estimated market share of around 15-20% globally. The company offers a variety of chelated micronutrient products under its EDTA and DTPA brands. Syngenta has production facilities for chelates in several countries around the world, including China, India, Brazil, and the United States.
Agricultural Chelates Market Companies
Major players operating in the agricultural chelates industry include
- BASF SE
- Nufarm Limited
- Syngenta AG
- The Dow Chemical Company
- AkzoNobel N.V.
- Haifa Group
- Aries Agro Limited
- Valagro S.p.A.
- Yara International ASA
- Protex International
- Van Iperen International
- Arysta LifeScience Corporation
- Isagro S.p.A.
- Compo Expert GmbH
- Micromix Plant Health Limited
Agricultural Chelates Industry News
- In 2022, Innospec, a specialist chemical company located in the United States, developed biodegradable chelating agents under the brand name ENVIOMET C. When released into the environment, these agents degrade quickly, reducing the possibility of persistent organic chelate formation with heavy metals such as lead (Pb). As a result, the danger of soil collection and potential subsurface water contamination is reduced.
- In June 2019, BASF SE expanded its chelating agent value chain in Ludwigshafen, Germany, by establishing a production plant, with the goal of increasing its market presence in Europe.
The agricultural chelates market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Kilo Tons from 2018 to 2032, for the following segments
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Market, by Type
- EDTA
- DTPA
- EDDHA
- IDHA
- Others
Market, by Crop Type
- Cereals & Grains
- Fruits & Vegetables
- Oilseeds & Pulses
- Others
Market, by Mode of Application
- Foliar Spray
- Soil Treatment
- Fertigation
- Seed Treatment
- Others
Market, by End-Use
- Agriculture
- Horticulture
- Floriculture
- Others
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Asia Pacific
- China
- India
- Japan
- South Korea
- Thailand
- Australia
- Indonesia
- Malaysia
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- UAE
- South Africa
- Saudi Arabia
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