Agricultural Chelates Market Share

Agricultural Chelates Market

Agricultural Chelates Market size is projected to witness a faster CAGR over the forecast period, owing to the growing demand for exclusive crops. Agricultural chelates refer to the additional fertilizers used for both indoor farming as well as open agricultural practices that improve the crop yield. These chelates enhance the performance and efficiency of micronutrients.

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A surge in demand for high-crops such as garlic, gourmet, mushrooms, and lavender to cater to the accelerating population is the major factor fuelling the market growth. Chelates help in improving crop yield to overcome micronutrient deficiency. Also, as per the Agricultural Chelates Market research reports, the continuous soil degradation due to the cultivation of high-yield crops and the reduction in arable land has raised the need to add chelates iron micronutrients to enhance crop productivity.

By mode of application, the segment of the foliar spray is predicted to expand at a higher CAGR during the forecast period, owing to the rising use of the foliar spray for the cultivation of horticultural crops and field crops. The foliar spray certifies continuous distribution of the nutrients to raise the yields and decrease input costs, thus captivating farmers to choose foliar sprays over the coming years.

By crop type, the fruits & vegetable segment is forecast to dominate the market over the forecast period, owing to the growing trend of veganism. With the increasing inclination towards healthy and nutritious food, the consumption of fruits and vegetables has increased. Developing countries like India and China are the largest exporter of fruits and vegetables and use agricultural chelates to enhance crop quality.

By region, Asia-Pacific is anticipated to expand at the highest CAGR over the forecast period owing to the accelerating population across emerging nations such as China, India, Indonesia, and Japan. Ongoing innovation in farming techniques has captivated various multinational giants to invest in the agricultural chelates, thereby bolstering the Agricultural Chelates Market share.

Key Developments:

In 2019, BASF invested in the expansion of its production plant and product portfolio to reinforce the value chain for Chelating agents in Germany with the intent to cater to the growing demands of the target customers.

Agricultural Chelates Market Segmentation:

Agricultural Chelates Market by Type

·         EDTA (Ethylenediamine Tetraacetic Acid)

·         EDDHA (Ethylenediamine-N, N’-Bis {2-Hydroxyphenylacetic Acid})

·         DTPA (Diethylenetriaminepentaacetic Acid Or Pentetic Acid)

·         IDHA (D, L-Aspartic Acid N- {1, 2-Dicarboxyethyl} Tetrasodium Salt)

·         Others

Agricultural Chelates Market by Micronutrient

·         Iron

·         Manganese

·         Others

·         Copper Chelates

·         Zinc Chelates

·         Calcium Chelates

·         Magnesium Chelates

Agricultural Chelates Market by End Use

·         Agriculture

·         Indoor Farming

Agricultural Chelates Market by Mode of Application

·         Soil Application

·         Seed Dressing

·         Foliar Sprays

·         Fertigation

·         Other Modes

Agricultural Chelates Market by Crop Type

·         Cereals & Grains

·         Oilseeds & Pulses

·         Fruits & Vegetables

·         Other Crop Types

Agricultural Chelates Market by Region:

·         Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·         North America

o   United States of America

o   Canada

·         Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·         RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

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