Navigating the Agricultural Chelates Market : Key Success Factors for 2023 and Beyond
Navigating the Agricultural Chelates Market : Key Success Factors for 2023 and Beyond
According to a research report published by Spherical Insights & Consulting, The Global Agricultural Chelates Market Size Expected to Grow from USD 1.01 Billion in 2023 to USD 1.81 Billion by 2033, at a CAGR of 6.01% during the forecast period 2023-2033.
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Chemical substances called agricultural chelates, which include micronutrients like copper, manganese, iron, and zinc, are used to increase soil nutrient availability and plant growth. This is by forming stable, water-soluble complexes with metal ions, these substances increase the metals’ availability for plant absorption and stop them from leaving behind insoluble residues in the soil. Agricultural chelates are essential for preventing and treating agricultural nutritional deficiencies, which can significantly affect crop quality and yield. Furthermore, to improve nutrient uptake by plants, agricultural chelates are becoming more and more necessary as the world’s population rises and demands better and more efficient agriculture. Chelates must be used to counteract widespread soil deterioration and nutrient depletion to improve soil quality and guarantee ideal plant growth. However, market revenue growth will be negatively impacted by crop and soil damage brought on by the bioaccumulation of non-biodegradable chelates and the growing usage of organic fertilizers.
Browse key industry insights spread across 230 pages with 150 Market data tables and figures & charts from the report on the Global Agricultural Chelates Market Size, Share, and COVID-19 Impact Analysis, By Type (EDTA, EDDHA, DTPA, and IDHA), By Crop Type (Cereal & Grains, Fruit & Vegetables, Oilseeds & Pulses, and Others), By Application (Soil, Seed Dressing, Foliar Sprays, and Fertigation), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
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The EDTA segment is estimated to dominate the global agricultural chelates market during the forecast period.
Based on the type, the global agricultural chelates market is segmented into EDTA, EDDHA, DTPA, and IDHA. Among these, the EDTA segment is estimated to dominate the global agricultural chelates market during the forecast period. It has great efficacy, stability, and financial value. Synthetic chelates are frequently employed in agriculture to guarantee plant availability even under challenging soil conditions because they form incredibly stable complexes with micronutrients like ethylenediaminetetraacetic acid (EDTA) and diethylenetriaminepentaacetic acid (DTPA).
The cereal & grains segment is anticipated to dominate the global agricultural chelates market during the forecast period.
Based on the crop type, the global agricultural chelates market is segmented into cereal & grains, fruit & vegetables, oilseeds & pulses, and others. Among these, the cereal & grains segment is anticipated to dominate the global agricultural chelates market during the forecast period. These crops need a balanced supply of micronutrients like copper, manganese, iron, and zinc for proper growth and production. Since chelated micronutrients are more effective and accessible to plants than their conventional counterparts, they guarantee that these crops receive the components required for optimal growth and yield.
The foliar sprays segment is estimated to hold the largest share of the global agricultural chelates market over the predicted timeframe.
Based on the application, the global agricultural chelates market is segmented into soil, seed dressing, foliar sprays, and fertigation. Among these, the foliar sprays segment is estimated to hold the largest share of the global agricultural chelates market over the predicted timeframe. The application of water and agricultural chelates utilizing spray pumps, tractor-mounted sprayers, drones, and airplanes is known as foliar spraying. This strategy offers the potential to minimize environmental pollution, restrict nutrient losses, and increase output.
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Europe is estimated to hold the largest share of the global agricultural chelates market over the predicted timeframe.
Europe is estimated to hold the largest share of the global agricultural chelates market over the predicted timeframe. The growing demand from other European nations has led to an expansion in the area under protected cultivation, including greenhouses, in nations like Spain and the Netherlands. In these nations, there is a demand for a wide variety of crops, including cash crops, cereals, pulses, fruits, and oilseeds. Crop growth is greatly influenced by the kind of soil, which differs from place to place.Asia Pacific is estimated to grow at the fastest pace in the global agricultural chelates market during the forecast period. With China, India, and Japan at the forefront, the Asia-Pacific region is the biggest market for agricultural chelates. China has one of the most comprehensive agricultural systems and is the most populous country in the world. This is because of the population’s rapid increase and the rising demand for food, farmers are encouraged to choose crops with high yields.
Major vendors in the Global Agricultural Chelates Market are BASF SE, Nouryon, The Dow Chemical Company, Yara International, ICL, Haifa Chemicals Ltd, Syngenta, Nufarm Ltd, Aries Agro Ltd, The Andersons Inc., ATP Nutrition, Manvert, BMS-Micronutrients NV, Wilbur-Ellis Company, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In May 2023, with great pleasure, Andersons, Inc. announced that their Plant Nutrient facility near Sergeant Bluff, Iowa, has been certified as a Responsible Ag operation. The nation’s only program that provides a comprehensive, voluntary assessment of agricultural facilities that handle and store input supplies.
- In March 2023, Aphea Bio and Syngenta Crop Protection have teamed up to provide innovative agricultural technology to the European market. Subject to regulatory approval, the partnership seeks to expedite the rollout of a novel biological seed treatment solution in several European countries over the course of the following five years.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global agricultural chelates market based on the below-mentioned segments:
Global Agricultural Chelates Market, By Type
- EDTA
- EDDHA
- DTPA
- IDHA
Global Agricultural Chelates Market, By Crop Type
- Cereal & Grains
- Fruit & Vegetables
- Oilseeds & Pulses
- Others
Global Agricultural Chelates Market, By Application
- Soil
- Seed Dressing
- Foliar Sprays
- Fertigation
Global Agricultural Chelates Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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