Market Insights

The agricultural chelates market was estimated at USD 1.01 billion in 2021 and is likely to grow at a CAGR of 7.68% during 2022-2028 to reach USD 1.7 billion in 2028.

Global Agricultural Chelates Market Report Segments:

Based on the type, the market is segmented as EDTA, EDDHA, DTPA, IDHA, and others. EDTA is estimated to be the fastest-growing segment of the market during the forecast period. EDTA chelates agents enable the plant to absorb a high amount of micronutrients and provide an excellent binding capability when they are used with crucial micronutrients, such as iron, manganese, copper, and zinc, which results in an improved quality of crop growth, fueling the growth of the agricultural chelates market.

Based on the crop type, the agricultural chelates market is segmented as cereals & grains, oilseeds & pulses, fruits & vegetables, and other crop types. Fruits & vegetables held the largest share of the market in 2021 and are likely to maintain their leading position during the forecast period as well. It is estimated that there will be an increase in the consumption of fruits and vegetables in the upcoming years.

Based on the application type, the market is segmented as soil application, seed dressing, foliar sprays, fertigation, and others. Foliar spray is expected to be the fastest-growing segment of the agricultural chelates market during the forecast period. Foliar spray is an agricultural method in which water and agricultural chelates are applied to plants through spray pumps, drones, tractor-mounted sprayers, and airplanes. This process offers the possibility to get the best use of yield, reduce the loss of nutrients, and also prevention from polluting the environment.

Also, the farmers usually prefer foliar spray techniques for the application of agricultural chelates, as it guarantees that the nutrients are uniformly applied and the agricultural input cost is reduced. Hence, the efficiency and reliability of foliar spray is offering substantial growth opportunities in the market during the forecast period.

In terms of regions, Europe held the largest share of the market in 2021 and is estimated to govern the market during the forecast period. Due to the growing demand from European countries, Spain and the Netherlands have an increased cultivated area, including greenhouses as well. Also, these countries have export demands for a wide range of crops, such as pulses, fruits, cereals, oilseeds, and cash crops. The growth of the crop is highly dependent on the type of soil, which varies from region to region. The lack of micronutrients in soils as reported across Europe is expected to drive the growth of the agricultural chelates market. North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

Why is this report beneficial?

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

It also offers –

  • Market Overview
  • Key Manufacturers Profiles
  • Market Analysis by Region
  • Market Segment by Type
  • Market Segment by Application
  • Raw Material and Supply Chain
  • Other Key Research Findings

All the data compiled by the market experts is the outcome of rigorous primary and secondary research conducted on the market players and reliable sources, including company white papers, journals, press releases, and more.

Key players active in the market –

The following are some of the key players in the Agricultural Chelates Market:

  • Aries Agro Ltd.
  • BASF SE
  • Greensmiths, Inc.
  • Haifa Chemicals
  • Nouryon
  • Nufarm Ltd
  • Syngenta AG
  • The Andersons, Inc.
  • The Dow Chemical Company
  • Wilbur-Ellis Company Inc

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