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Agricultural Chelates Market Size (2024 - 2029)

The agricultural chelates market is experiencing growth driven by factors such as changing climatic conditions, reduced arable land, and rising global population, which heighten food security concerns. This has led to increased use of chelating agents to enhance nutrient uptake and improve crop yield and quality. Chelated fertilizers, which offer better bioavailability of essential micronutrients, are particularly beneficial in challenging soil conditions. The demand for biodegradable chelating agents is also rising due to the shift towards sustainable farming practices and environmental concerns. These dynamics are expected to contribute to the expansion of the market during the forecast period.

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Market Size of Agricultural Chelates Industry

Agricultural Chelates Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 7.50 %
Fastest Growing Market South America
Largest Market Asia
Market Concentration High

Major Players

Agricultural Chelates Market Major Players

*Disclaimer: Major Players sorted in no particular order

Agricultural Chelates Market Analysis

The agricultural chelates market is valued at USD 968.9 million for 2022 and is projected to register a CAGR of 7.5% during the forecast period.

  • Changing climatic conditions, decreasing availability of arable land, and increasing global population are raising food security concerns. As a result, there has been a significant rise in the use of chelating agents in the agriculture sector to improve crop yield and meet global food demand. Chelating agents help improve plant nutrient uptake by making certain nutrients available. This process can improve plant growth and development and increase crop yield and quality.
  • Since soil is heterogeneous and complex, traditional micronutrients are readily oxidized or precipitated. Chelation keeps a micronutrient from undesirable reactions in solution and soil. Chelated fertilizers improve the bioavailability of micronutrients, such as Fe, Cu, Mn, and Zn, and, in turn, contribute to the productivity and profitability of commercial crop production. Chelated fertilizers have more potential to increase commercial yield than regular micronutrients when the crop is grown in low-micronutrient stress or soils with a pH greater than 6.5.
  • With the rise of sustainable farming and the increasing awareness of the adverse environmental impact of synthetic chelating agents, there has been a rise in the demand for biodegradable chelating agents. Therefore, companies are capitalizing on customers' needs to uphold a leading position in the market.
  • For instance, in 2022, Innospec, a US-based specialty chemical company, launched ENVIOMET® C biodegradable chelating agents. When released into the environment, ENVIOMET® C chelating agents rapidly biodegrade, reducing the possibility of forming persistent organic chelates with heavy metals, such as lead (Pb). This results in less risk of soil accumulation and underground water pollution.
  • Therefore, the abovementioned factors are anticipated to stimulate market growth during the study period.

Agricultural Chelates Industry Segmentation

Chelate is the pincer-like way the larger organic molecule encircles a metal nutrient ion, usually called a ligand or chelator. Chelates prevent the loss of nutrients through leaching or washing out. They also increase the mobility of nutrients in the soil, which enhances the uptake of nutrients by plants.

The agricultural chelates market is segmented by type, application, crop type, and geography. By type, the market is bifurcated into synthetic and organic. The synthetic segment is further segmented into EDTA, EDDHA, DTPA, IDHA, and other synthetic types. The organic segment is further segmented into lingo sulfates, amino acids, hepta gluconates, and other organic types. By application, the market is segmented into soil, foliar, fertigation, and other applications. By crop type, the market is segmented into grains and cereals, pulses and oilseeds, commercial crops, fruits and vegetables, and turf and ornamentals. On the geographical front, the market has been analyzed into emerging and developed economies, including North America, Europe, Asia-Pacific, South America, and Africa.

The market sizing has been done in value terms in USD for all the abovementioned segments.

Type
Synthetic
EDTA
EDDHA
DTPA
IDHA
Other Synthetic Types
Organic
LingoSulphates
Aminoacids
Heptagluconates
Other Organic Types
Application
Soil
Foliar
Fertigation
Other Applications
Crop Type
Grains and Cereals
Pulses and Oilseeds
Commercial Crops
Fruits and Vegetables
Turf and Ornamentals
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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Agricultural Chelates Market Size Summary

The agricultural chelates market is experiencing significant growth, driven by the increasing need to enhance crop yields and meet global food demands amid changing climatic conditions and a rising global population. Chelating agents play a crucial role in improving the bioavailability of essential micronutrients, such as iron, copper, manganese, and zinc, which are vital for plant growth and development. These agents help prevent the oxidation and precipitation of micronutrients in the soil, thereby enhancing their uptake by plants. The demand for biodegradable chelating agents is also on the rise, as sustainable farming practices gain traction and awareness of the environmental impacts of synthetic agents grows. Companies are responding to these trends by developing and offering innovative solutions, such as Innospec's ENVIOMET® C, which rapidly biodegrades in the environment, reducing the risk of soil and water pollution.

The Asia-Pacific region holds the largest market value for agricultural chelates, with countries like China, India, and Japan leading the demand due to their extensive agricultural activities and population pressures. In China, the need for high-yield crops drives the adoption of chelates, while in India, micronutrient deficiencies in the soil are prompting increased use of these agents to improve agricultural productivity. The market is characterized by a concentration of major players, including Yara International ASA, BASF SE, and Innospec Inc, who leverage diversified product portfolios and strategic acquisitions to maintain their market positions. These companies are also investing in research and development to innovate and expand their geographical presence, further fueling market growth.

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Agricultural Chelates Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Demand For Higher Crop Yields

      2. 1.2.2 Application of Chelates in Micronutrient Intoxication

      3. 1.2.3 Micronutrient Deficiency In Soil

    3. 1.3 Market Restraints

      1. 1.3.1 Non-biodegradable Nature of Chelates

      2. 1.3.2 Rise of Organic Farming and Restriction on the Use of Synthetic Chelating Agents

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitutes

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Synthetic

        1. 2.1.1.1 EDTA

        2. 2.1.1.2 EDDHA

        3. 2.1.1.3 DTPA

        4. 2.1.1.4 IDHA

        5. 2.1.1.5 Other Synthetic Types

      2. 2.1.2 Organic

        1. 2.1.2.1 LingoSulphates

        2. 2.1.2.2 Aminoacids

        3. 2.1.2.3 Heptagluconates

        4. 2.1.2.4 Other Organic Types

    2. 2.2 Application

      1. 2.2.1 Soil

      2. 2.2.2 Foliar

      3. 2.2.3 Fertigation

      4. 2.2.4 Other Applications

    3. 2.3 Crop Type

      1. 2.3.1 Grains and Cereals

      2. 2.3.2 Pulses and Oilseeds

      3. 2.3.3 Commercial Crops

      4. 2.3.4 Fruits and Vegetables

      5. 2.3.5 Turf and Ornamentals

    4. 2.4 Geography

      1. 2.4.1 North America

        1. 2.4.1.1 United States

        2. 2.4.1.2 Canada

        3. 2.4.1.3 Mexico

        4. 2.4.1.4 Rest of North America

      2. 2.4.2 Europe

        1. 2.4.2.1 Spain

        2. 2.4.2.2 United Kingdom

        3. 2.4.2.3 France

        4. 2.4.2.4 Germany

        5. 2.4.2.5 Russia

        6. 2.4.2.6 Italy

        7. 2.4.2.7 Rest of Europe

      3. 2.4.3 Asia-Pacific

        1. 2.4.3.1 China

        2. 2.4.3.2 Japan

        3. 2.4.3.3 India

        4. 2.4.3.4 Australia

        5. 2.4.3.5 Rest of Asia-Pacific

      4. 2.4.4 South America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Argentina

        3. 2.4.4.3 Rest of South America

      5. 2.4.5 Africa

        1. 2.4.5.1 South Africa

        2. 2.4.5.2 Rest of Africa

Agricultural Chelates Market Size FAQs

The Agricultural Chelates Market is projected to register a CAGR of 7.5% during the forecast period (2024-2029)

Yara International ASA, BASF SE, Mitsubishi Chemical Corporation, Innospec Inc and Nufarm are the major companies operating in the Agricultural Chelates Market.

Agricultural Chelates Market Report Snapshots

Agricultural Chelates Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)