The latest research study “Agricultural Chelates Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global agricultural chelates market reached a value of US$ 614.8 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 927.3 Million by 2027, exhibiting a CAGR of 6.85% during 2022-2027.
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Agricultural chelates are organic molecules that can bind and slowly release metal ions, such as calcium (Ca), magnesium (Mg), iron (Fe), cobalt (Co), europium (Eu), manganese (Mn), and zinc (Zn), for uptake of nutrients by plants. They can be manufactured synthetically or occur naturally as products of organic matter decomposition. They are cost-effective due to the smaller quantities of chelates required. They help prevent nutrient loss through leaching or washout, increase micronutrient solubility, and minimize plant pathogen growth by reducing available iron. As a result, agricultural chelates are gaining immense traction across the globe.
COVID-19Impact on Market: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Agricultural Chelates Market Trends and Drivers:
The global agricultural chelates market is primarily driven by the rising focus on agricultural development. Moreover, the increasing demand for high-value crops, such as gourmet mushrooms, lavender, and garlic, has augmented the product demand. Additionally, the surging adoption of precision farming technology and the rising usage of agricultural chelates to enhance micronutrient utilization efficiency are positively influencing the market growth.
Besides this, the increasing fertilizers consumption, especially in emerging economies, is contributing to market growth. Furthermore, the surging adoption of irrigation systems and the rising awareness about the benefits of agricultural chelates are other major growth-inducing factors.
Other factors, including the expanding global population, increasing incidences of micronutrient deficiency, technological advancements, the development of biodegradable chelates, and rapid growth in greenhouse vegetable production, are also anticipated to drive the market further.
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|Agricultural Chelates Market Report Scope|
|Market size value in 2021||US$ 614.8 Million|
|Market forecast in 2027||US$ 927.3 Million|
|Growth Rate||CAGR of 6.85% from 2022 to 2027|
|Base year for estimation||2021|
Global Agricultural Chelates Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Akzo Nobel N.V., Aries Agro Ltd, BASF SE, Dow Inc., Haifa Negev Technologies Ltd., Mitsubishi Chemical Corporation, Nouryon, Nufarm Limited, Protex International SA, The Andersons Inc., Valagro (Syngenta AG), Van Iperen International B.V. and Yara International ASA.
The report has segmented the market on the basis of region, type, crop type and application.
Breakup by Type:
Breakup by Crop Type:
- Grains and Cereals
- Pulses and Oilseeds
- Commercial Crops
- Fruits and Vegetables
- Turf and Ornamentals
Market Breakup by Application:
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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