Global Iron Chelates Market Size By Crop Type (Fruits And Vegetables, Cereals And Grains, Oilseeds And Pulses), By Geographic Scope And Forecast

Iron Chelates Market Size And Forecast

Iron Chelates Market size was valued at USD 102.46 Million in 2024 and is projected to reach USD 201.89 Million by 2031, growing at a CAGR of 9.76% during the forecast period 2024-2031.

Increasing demand for good quality and higher crop yields, and increasing initiatives taken by players operating in the market towards the development of innovative products, will drive market growth. Rising demand for high-yield crops due to rising population and a scarcity of agricultural land is expected to drive iron chelate market growth. The Global Iron Chelates Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Iron Chelates Market Definition

Iron chelates are an iron supplement for plants that have been treated with a chelator to keep the iron in a form the plant can absorb. It was designed to help plants with iron chlorosis, a type of iron insufficiency in which plants are unable to absorb iron minerals from the soil. This is also known as lime chlorosis or iron chlorosis. With time, the leaves turn pale and begin to die, resulting in the plant’s overall growth being stunted. Furthermore, yellow leaves, usually between the dark green veins, give the leaf a spidery appearance, which is an indication of iron deficiency in plants. Plants and leaves don’t have that healthy green look.

Chelated iron contains ferric chelators, which are small binding molecules that wrap themselves around iron ions to prevent them from settling. This ensures that the iron given to the plants is available for absorption and does not solidify when exposed to high soil pH levels. Moreover, several crops have their own chelation mechanisms, and these crops are far less prone to suffering from iron deficiency. Exudates from the root systems of some plants, such as grassy plants, are released into the soil and contain naturally occurring chelates.

Global Iron Chelates Market Overview

Increasing demand for good quality and higher crop yields, and increasing initiatives taken by players operating in the market towards the development of innovative products, will drive market growth. Rising demand for high-yield crops due to rising population and a scarcity of agricultural land is expected to drive iron chelate market growth. According to a Food and Agriculture Organization (FAO) estimate, the area fitted for irrigation will increase by 32 million ha (11%), while harvested irrigated land would increase by 17% by 2050. All of this growth would occur in poor nations, resulting in inadequate fertilizer availability to crops, lower yield crops, and worse quality end agricultural output for consumers. This is becoming increasingly crucial as the world’s population grows, reducing the quantity of arable land available for food production, and forcing the cultivation of inferior soils.

In this segment, fertigation (the application of plant nutrients in a liquid solution) is critical. As a result, iron chelated fertilizer promotes micronutrient bioavailability, which contributes to the productivity, nutritional content, and profitability of commercial crop production. If the crop is produced in low-micronutrient stress or soils with a pH of more than 6.5, chelated fertilizers have a larger potential to boost commercial production than normal micronutrients.

Global Iron Chelates Market Segmentation Analysis

The Global Iron Chelates Market is segmented on the basis of Crop Type, and Geography.

Iron Chelates Market, By Crop Type

• Fruits & Vegetables
• Cereals & Grains
• Oilseeds & Pulses
• Others

To Get Summarized Market Report By Crop Type-

Based on Crop Type, the market is bifurcated into Fruits & Vegetables, Cereals & Grains, Oilseeds & Pulses, Others. Fruits & Vegetables accounted for the largest market share of 46.92% in 2021, with a market value of USD 135.54 Million and is projected to grow at the highest CAGR of 10.24% during the forecast period. Cereals & Grains was the second-largest market in 2021, valued at USD 87.32 Million in 2021; it is projected to grow at a CAGR of 9.72%.

Iron Chelates Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

To Get Summarized Market Report By Geography- 

On the basis of regional analysis, the Global Iron Chelates Market is classified into North America, Europe, Asia Pacific, and Rest of the world. Asia Pacific accounted for the largest market share of 39.07% in 2021, with a market value of USD 112.85 Million and is projected to grow at the highest CAGR of 10.59% during the forecast period. North America was the second-largest market in 2021, valued at USD 78.15 Million in 2021; it is projected to grow at a CAGR of 9.51%.

Key Players

The “Global Iron Chelates Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are BASF SE, Dow, Valagro, Titan Biotech, Nouryon, Global Crop Improvement Company (Gcic), Adob, Yara, Syngenta, Global Calcium Pvt Ltd, Haifa Negev Technologies Ltd, Agro Egypt International, Compo Expert Gmbh, Trade Corporation International, Sipcam Inagra, and Others. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• BASF SE has partnered with LanzaTech for utilizing industrial off-gases for chemical production by transforming the carbon contained in industrial off-gases into valuable chemicals.
• BASF introduced Neutrol MGDA, a readily biodegradable complexing agent (chelating agent) for personal care applications.

Report Scope

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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