Global Agricultural Chelates Market - Growth, Trends, and Forecast (2019 - 2024)

The Agricultural Chelates Market is segmented by Type into EDTA, EDDHA, DTPA, IDHA, and Other Types, by Application into Soil, Foliar, Hydroponics, and Others Applications, and by Crop Application into Grains and Cereals, Oilseed, Fruits and Vegetables, Turf and Ornamentals, Commercial Crops and OtherCrop Applications. A geographical market analysis covering the top 16 countries across the world has also been included.

Market Snapshot

Global Agricultural Chelates Market_Graph1
Study Period:

2015-2024

Base Year:

2018

Fastest Growing Market:

South America

Largest Market:

Asia Pacific

Key Players:

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Market Overview

The agricultural chelates market was valued at USD 489.2 million in 2018. The market is forecast to be worth USD 629.8 million by 2024, registering a CAGR of 4.3% during the forecast period (2019-2024). EDTA and DTPA occupy more than 50% of the market share in the agricultural chelates market and the fully biodegradable chelate, IDHA, is expected to witness the fastest growth among the agricultural chelates, by type. The market for agricultural chelates by hydroponics application is expected to be the fastest segment during the forecast period.

Scope of the Report

Micronutrients play an important role in agriculture, as they increase the yield and enhance the quality of agricultural produce. These essential elements are used by plants in very small quantities and they are effectively supplied by complexes containing chelated compounds, which are more stable than the non-chelated metals. EDTA, DTPA, and EDDHA are the most commonly used agricultural chelates. Micronutrients, such as iron, zinc, copper, manganese, calcium, and magnesium can be chelated easily, while the other nutrients cannot be chelated readily.

By Type
EDTA
EDDHA
DTPA
IDHA
Other Types
By Application
Soil
Foliar
Hydroponics
Other Applications
By Crop Application
Grains and Cereals
Pulses and Oilseeds
Commercial Crops
Fruits and Vegetables
Turf and Ornamentals
Other Crop Applications
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Spain
United Kingdom
France
Germany
Russia
Italy
Rest of Europe
Asia - Pacific
China
Japan
India
Australia
Rest of Asia - Pacific
South America
Brazil
Argentina
Rest of South America
Africa
South Africa
Rest of Africa

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Key Market Trends

Increasing Incidences of Micronutrient Deficiency

Micronutrient deficiencies, owing to many factors, such as low soil organic matter and high clay content, act as delimiters to the agricultural chelates market’s growth. Micronutrient fertilizers with chelating agents become increasingly advantageous, as they offer sustainability and stability in increasing the production of various food grains, oilseeds, and pulses. Chelating agents are organic molecules that can trap or encapsulate certain metal ions, such as Calcium, Magnesium, Iron, Cobalt, Zinc, and Manganese.  Zinc deficiency affects many crops, such as maize, rice, and wheat, and is the most widespread micronutrient deficiency, globally. Boron is the second most widespread deficiency, while iron deficiency is prevalent in regions with the Mediterranean climate and calcareous soils. In Europe and Australia, calcium deficiency is relatively common. Relative susceptibility of certain crops to micronutrients is as follows.

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Increasing Agricultural Chelates Consumption in the Asia - Pacific Region

The Asia - Pacific region has the highest market value for agricultural chelates, which is majorly led by China, India, and Australia. The Asia - Pacific agricultural chelates market is growing at a higher rate in the forecasted period due to increasing population in the region. In the Asia-Pacific region, China is estimated to have the highest market share of 43%, followed by India, Australia, and Japan. Australia is estimated to have the highest growth rate during the forecasted period. A rapid increase in population and the increasing demand for food has forced farmers to grow crops with higher yield, thus increasing the demand for Chelates in the region. The chelates market in the Asia-Pacific region is a fragmented market, with some of the major companies, Yara India, Coromandel International, BASF, DuPont, and Nufarm Limited.

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Competitive Landscape

The analysis of global players in the chelates market indicates that various agreements, followed by product launches and development, are the most adopted strategies of major players in the industry. In terms of market share dominance, Yara International with 10% share, is followed by AkzoNobel N.V and BMS Micronutrients, which have the market share of around 8% and 6%, respectively. The greater market share of these players can be attributed to highly diversified product portfolios and large numbers of acquisitions and agreements taking place.

Major Players

  1. Yara International
  2. BMS Micronutrients
  3. Valagro SPA
  4. BASF SE
  5. Deretil Agronhutritionals

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of Substitute Products

      4. 4.4.4 Threat of New Entrants

      5. 4.4.5 Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 EDTA

      2. 5.1.2 EDDHA

      3. 5.1.3 DTPA

      4. 5.1.4 IDHA

      5. 5.1.5 Other Types

    2. 5.2 By Application

      1. 5.2.1 Soil

      2. 5.2.2 Foliar

      3. 5.2.3 Hydroponics

      4. 5.2.4 Other Applications

    3. 5.3 By Crop Application

      1. 5.3.1 Grains and Cereals

      2. 5.3.2 Pulses and Oilseeds

      3. 5.3.3 Commercial Crops

      4. 5.3.4 Fruits and Vegetables

      5. 5.3.5 Turf and Ornamentals

      6. 5.3.6 Other Crop Applications

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

        4. 5.4.1.4 Rest of North America

      2. 5.4.2 Europe

        1. 5.4.2.1 Spain

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Germany

        5. 5.4.2.5 Russia

        6. 5.4.2.6 Italy

        7. 5.4.2.7 Rest of Europe

      3. 5.4.3 Asia - Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 Rest of Asia - Pacific

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Africa

        1. 5.4.5.1 South Africa

        2. 5.4.5.2 Rest of Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 BASF SE

      2. 6.3.2 Deretil Agronutritional

      3. 6.3.3 Shandong Iro Chelating Chemical Co., Ltd

      4. 6.3.4 Akzonobel Nv

      5. 6.3.5 Haifa Group

      6. 6.3.6 Protex International

      7. 6.3.7 Nufarm

      8. 6.3.8 Van Iperen International BV

      9. 6.3.9 Valagro SpA

      10. 6.3.10 The Andersons Plant Nutrition

      11. 6.3.11 Verdesian Life Sciences LLC

      12. 6.3.12 ATP Nutrition Ltd

      13. 6.3.13 Yara International ASA

      14. 6.3.14 Dow DuPont

      15. 6.3.15 Agmin Chelates Pty Ltd

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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