Agricultural Chelates Market Size To Reach $1.32 Billion By 2030

Agricultural Chelates Market Growth & Trends

The global agricultural chelates market size is expected to reach USD 1.32 billion by 2030, growing at a CAGR of 5.3% from 2024 to 2030, according to a new study by Grand View Research, Inc. Agricultural chelates are compounds used in agriculture to improve the availability of essential nutrients for plants. These chelates bind with metal ions, such as iron, zinc, copper, or manganese, forming stable, water-soluble complexes. They enhance the nutrient uptake in plants, making them more accessible and usable. Chelates help prevent nutrient deficiencies and enhance the overall efficiency of fertilizers in supporting plant growth.

Chelates maximize nutrient absorption by plants, leading to increased crop yields and improved agricultural productivity. It helps prevent nutrient deficiencies in plants, ensuring they receive a balanced supply of essential minerals necessary for their development. Chelated fertilizers provide a more efficient and targeted delivery of nutrients to plants, reducing waste and environmental impact. The rising demand for food due to a growing global population incentivizes the adoption of technologies to optimize crop production.

Ongoing advancements in agricultural science and technology contribute to the development of improved chelating agents and formulations, making them more effective and sustainable. Furthermore, supportive policies and incentives from governments promoting sustainable agriculture can drive the adoption of agricultural chelates. The Asia Pacific region has the largest market for agricultural chelates, majorly led by China, India, and Japan. With the rapid increase in population and the increasing demand for food, farmers are compelled to grow crops with high yield. Thus, leading to a positive impact on the market demand across the region.

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Agricultural Chelates Market Report Highlights

• The Asia Pacific region is expected to advance at the fastest CAGR through 2030, owing to increasing awareness among farmers about the environmental benefits of chelating agents and the rising adoption of organic farming practices

• The synthetic segment is anticipated to witness the fastest CAGR of 5.4% through 2030. This is attributed to its ability to provide more controlled nutrient delivery, allow customization, and its cost-effectiveness

• The oilseeds and pulses segment is witnessing a significant growth rate driven by its ability to support effective nutrient uptake, seed yield, and plant growth, which also helps in increasing crop survival chances in drought and nutrient limitation-like conditions

• The foliar application segment is expected to witness the fastest market growth as it allows for direct absorption of nutrients through plant leaves. This method bypasses soil interactions that may hinder nutrient uptake, ensuring more efficient and rapid absorption by plants

• The agricultural chelates industry is moderately fragmented with prominent players such as BASF SE, Nouryon, Yara International, ICL, and Haifa Chemicals Ltd., among others. These companies are focusing on research and development of new products to widen their portfolio and maintain a strong foothold globally

Agricultural Chelates Market Segmentation

Grand View Research has segmented the global agricultural chelates market on the basis of type, crop type, application, and region:

Agricultural Chelates Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Synthetic

• Organic

Agricultural Chelates Crop Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Cereals & Grains

• Oilseeds & Pulses

• Fruits & Vegetables

• Others

Agricultural Chelates Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Soil

• Foliar

• Fertigation

Agricultural Chelates Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

• U.S.

• Canada

• Mexico

• Europe

  • Germany

  • U.K.

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

• Central & South America

  • Brazil

  • Argentina

• Middle East & Africa

  • Saudi Arabia

  • South Africa

List of Key Players in Agricultural Chelates Market

• BASF SE

• Nouryon

• Dow

• Yara International

• ICL

• Haifa Chemicals Ltd.

• Syngenta

• Nufarm Ltd.

• Aries Agro Ltd.

• The Andersons, Inc.