Agricultural Chelates Market Analysis | 2022-2028

Market Insights

The agricultural chelates market was estimated at USD 1.01 billion in 2021 and is likely to grow at a CAGR of 7.68% during 2022-2028 to reach USD 1.7 billion in 2028.

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Market Dynamics

Agricultural chelates have a variety of applications in soil, foliar, and fertigation. They play an important role in agriculture, as they maximize the yield and improve the quality of agricultural products. Foliar sprays are commonly used to apply metal chelates as micronutrient fertilizers to provide plants with iron, copper, manganese, and zinc. The most commonly used chelates in agriculture are EDTA, EDDHA, and DTPA.

Market Drivers

The major factors contributing to the growing demand for agricultural chelates are the increasing usage of high-value crops and the reduction in the arable land.

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Key Players

Some of the key players in manufacturing agricultural chelates are-

• Aries Agro Ltd.
• BASF SE
• Greensmiths, Inc.
• Haifa Chemicals
• Nouryon
• Nufarm Ltd
• Syngenta AG
• The Andersons, Inc.
• The Dow Chemical Company
• Wilbur-Ellis Company Inc

Note: The above list does not necessarily include all the top players in the market.

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Segment Analysis

By Type

Based on the type, the market is segmented as EDTA, EDDHA, DTPA, IDHA, and others. EDTA is estimated to be the fastest-growing segment of the market during the forecast period. EDTA chelates agents enable the plant to absorb a high amount of micronutrients and provide an excellent binding capability when they are used with crucial micronutrients, such as iron, manganese, copper, and zinc, which results in an improved quality of crop growth, fueling the growth of the agricultural chelates market.

By Crop Type

Based on the crop type, the agricultural chelates market is segmented as cereals & grains, oilseeds & pulses, fruits & vegetables, and other crop types. Fruits & vegetables held the largest share of the market in 2021 and are likely to maintain their leading position during the forecast period as well. It is estimated that there will be an increase in the consumption of fruits and vegetables in the upcoming years.

By Application Type

Based on the application type, the market is segmented as soil application, seed dressing, foliar sprays, fertigation, and others. Foliar spray is expected to be the fastest-growing segment of the agricultural chelates market during the forecast period. Foliar spray is an agricultural method in which water and agricultural chelates are applied to plants through spray pumps, drones, tractor-mounted sprayers, and airplanes. This process offers the possibility to get the best use of yield, reduce the loss of nutrients, and also prevention from polluting the environment.

Also, the farmers usually prefer foliar spray techniques for the application of agricultural chelates, as it guarantees that the nutrients are uniformly applied and the agricultural input cost is reduced. Hence, the efficiency and reliability of foliar spray offer substantial growth opportunities in the market during the forecast period.

Regional Insights

In terms of regions, Europe held the largest share of the market in 2021 and is estimated to govern the market during the forecast period. Due to the growing demand from European countries, Spain and the Netherlands have an increased cultivated area, including greenhouses as well. Also, these countries have export demands for a wide range of crops, such as pulses, fruits, cereals, oilseeds, and cash crops. The growth of the crop is highly dependent on the type of soil, which varies from region to region. The lack of micronutrients in soils as reported across Europe is expected to drive the growth of the agricultural chelates market. North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

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Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s agricultural chelates market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

The agricultural chelates market is segmented into the following categories.

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the types by application type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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