Agricultural Chelates Market Size (2024 - 2029)

Agricultural Chelates Market Analysis

The Agricultural Chelates Market size is estimated at USD 1.10 billion in 2024, and is expected to reach USD 1.57 billion by 2029, at a CAGR of 7.34% during the forecast period (2024-2029).

• Concerns over food security are rising due to changing climate conditions, diminishing arable land, and a swiftly expanding global population. The 2022 Census of Agriculture, conducted by the United States Department of Agriculture (USDA), revealed that the number of farms in the United States (U.S.) has dipped below 2 million. Specifically, in 2022, the U.S. counted 1.9 Million farms, marking a 7% decrease from the figures in the 2017 Census. Additionally, the Census highlighted a 2.2% reduction in total U.S. farmland, bringing it down to 880 million acres in 2022. Given these developments, boosting productivity through appropriate agricultural inputs has become imperative. Consequently, there's been a notable surge in the adoption of chelating agents in agriculture, to enhance crop yields to satisfy global food requirements. Chelating agents facilitate plants' uptake of nutrients, making certain nutrients more accessible. This leads to improved plant growth and development, ultimately enhancing crop yield and quality.
• Independent laboratory analyses highlight troubling trends, includes wheat crops in the UK are experiencing a 10% nitrogen deficiency and a 25% phosphorus deficiency, as evidenced by thousands of soil samples. Chelation serves as a protective mechanism, shielding micronutrients from unwanted reactions in both solutions and soil. By boosting the bioavailability of micronutrients like Fe, Cu, Mn, and Zn, chelated fertilizers play a pivotal role in enhancing the productivity and profitability of commercial crop production. Notably, in soils with a pH exceeding 6.5 or those under low-micronutrient stress, chelated fertilizers have demonstrated a superior capacity to boost commercial yields compared to standard micronutrients.
• With the rising momentum of sustainable farming and growing awareness about the environmental repercussions of synthetic chelating agents, there's a marked pivot towards exploring biodegradable alternatives. In light of this, companies are strategically positioning themselves to meet this evolving demand, thereby strengthening their market presence.

Agricultural Chelates Industry Segmentation

Chelates are specialized fertilizers that encapsulate micronutrient ions within larger molecules called ligands or chelators. By doing so, chelates not only curb nutrient loss due to leaching but also boost nutrient mobility in the soil, facilitating enhanced uptake by plants.

The report covers the Agriculture Chelates Market and is Segmented by Type (Synthetic and Organic), Application (Soil, Foliar, Fertigation, and Other Applications), Crop Type (Grains and Cereals, Pulses and Oilseeds, Commercial Crops, Fruits and Vegetables, and Turf and Ornamentals), and Geography (North America, Europe, Asia-Pacific, South America, and Africa). The report market size and forecast will be provided in terms of Value (USD) for all the abovementioned segments.