According to the latest report by IMARC Group, titled “Global Agricultural Chelates Market Share, Size, Industry Trends, Growth, Opportunity and Forecast 2022-2027“, 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.
Industry Overview and Application :
Agricultural chelates refer to organic molecules that can trap the metal ions like iron (Fe), magnesium (Mg), (Eu), cobalt (co), and zinc (Zn). They can be manufactured synthetically or occur organically as a product of decomposition such as lignosulphonates, sugar acids, lignin carboxylates, phenols, siderophores, and Phyto siderophores. They are economical and aid in increasing micronutrient stability, reducing the growth of plant pathogens and preventing loss of nutrients.
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Agricultural Chelates Market Trends and Drivers:
One of the primary factors driving the market is the rising focus on agricultural development. Additionally, agricultural chelates assist in separating positive charge from micronutrients that can be conveniently translocated within plants and used in crops such as bush beans, citrus groves, cucumber and corn.
Along with this, the extensive utilization of these fertilizers increases micronutrient utilization efficiency as plant nutrients are one of the essential factors required for optimal crop growth and development. On account of these factors, the market is expected to create a positive market outlook in the near future.
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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
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
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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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