Agricultural Chelates Market Size, Growth, Analysis, Report, 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “Agricultural Chelates Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, Offers a comprehensive analysis of the industry, which comprises insights on the market.

How Big is the Agricultural Chelates Market?

The global agricultural chelates market size reached US$ 665.8 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 989.7 Million by 2028, exhibiting a growth rate (CAGR) of 6.58% during 2023-2028.

What are Agricultural Chelates?

Agricultural chelates are organic compounds that encapsulate and slowly release metal ions, such as magnesium (Mg), iron (Fe), cobalt (Co), calcium (Ca), europium (Eu), zinc (Zn), and manganese (Mn), for plant nutrient uptake. These chelates can be manufactured synthetically or occur naturally as byproducts of the decomposition of organic matter, including lignosulfonates, lignin polycarboxylates, sugar acids and derivatives, organic and amino acids, phenols, polyflavonoids, siderophores, and phyto siderophores. They help boost the solubility of micronutrients, prevent nutrient loss through leaching or washout, and inhibit the growth of plant pathogens by reducing the available iron. As a result, agricultural chelates find extensive applications in the agriculture sector across the globe.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/agricultural-chelates-market/requestsample

What are the growth prospects and trends in the agricultural chelates industry?

The global agricultural chelates market is primarily driven by the rising focus on agricultural development. Moreover, there has been an increase in the use of agricultural chelates in numerous crops, including maize, bush beans, cucumbers, and citrus orchards, as they are more easily translocated within the plant.

In line with this, the rising demand for high-value crops is positively influencing the market growth. Additionally, plant nutrients are one of the essential components needed to ensure optimal crop development and growth. Consequently, the surging use of chelated fertilizers to increase micronutrient utilization efficiency has catalyzed market growth.

Other factors, including the rising preferences for sustainable agriculture, escalating demand for fruits and vegetables, surging adoption of smart farming systems, and expanding global population, are also anticipated to drive the market further.

Leading Companies Operating in the Global Agricultural Chelates Industry:

• 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.
• Yara International ASA.

Agricultural Chelates Market Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:

• Synthetic
  • EDTA
  • EDDHA
  • DTPA
  • IDHA
  • Others
• Organic
  • Lignosulfonates
  • Aminoacids
  • Heptagluconates
  • Others

Breakup by Crop Type:

• Grains and Cereals
• Pulses and Oilseeds
• Commercial Crops
• Fruits and Vegetables
• Turf and Ornamentals

Breakup by Application:

• Soil
• Foliar
• Fertigation
• Others

Market 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 require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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