Agricultural Chelates Market Analysis: Major Players, Lucrative Segments And Top Geographies
20 Jun, 2023
The global agriculture chelates market size is expected to grow from $1.19 billion in 2022 to $1.29 billion in 2023 at a compound annual growth rate (CAGR) of 8.17%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global agriculture chelates market size is expected to reach $1.80 billion in 2027 at a CAGR of 8.64%.
Global Agricultural Chelates Market Key Driver
The rising popularity of greenhouse farming is projected to propel the agricultural chelates industry ahead. Greenhouse farming is the cultivation of crops in enclosed structures that are either entirely or partially covered by transparent materials. Its major goal is to establish optimal growing conditions for crops while protecting them from bad weather conditions and pests. Agricultural chelates are used in greenhouse farming to improve the efficiency of nutrient uptake and utilisation by crops. Similarly, in agriculture, high-performance chelated micronutrients such as iron chelates are used to raise crop yields.
Get a sample of the global agricultural chelates market reportGlobal Agricultural Chelates Market Segments
The global agricultural chelates market is segmented:
1) By Type: EDTA (Ethylenediaminetetraacetic Acid), EDDHA (Ethylenediamine-N,N'-bis(2-Hydroxyphenylacetic Acid), DTPA (Diethylenetriamine Pentaacetate), IDHA (Imidodisuccinic Acid), Other Types
2) By Crop Type: Cereals And Grains, Oilseeds And Pulses, Fruits And Vegetable, Other Crop Types
3) By Application: Soil, Foliar, Hydroponics, Other Applications
4) By Geography: The regions covered in the agricultural chelates market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, Asia-Pacific accounts for the largest share in the global agricultural chelates market.
Major Agricultural Chelates Industry Players
Yara International ASA, Haifa Negev technologies LTD, Nouryon, BASF SE, The Andersons Inc., The Dow Chemical Company, Nufarm Ltd, ICL, Syngenta, Aries Agro Ltd., Akzo Nobel, Valagro S.p.A., Deretil Agronutritional, ATP nutrition, Manvert, BMS-Micronutrients NV
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Agricultural Chelates Market Overview
Agricultural chelates are fertilizers that contain micronutrients such as iron, zinc, manganese, and copper, which are vital for plant growth and productivity. The application of chelated micronutrients has been shown to be an effective way to increase crop yields and their quality.
Agricultural Chelates Global Market Report 2023 provides data on the global agricultural chelates market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The agricultural chelates market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.