Agricultural Chelates Market Global Industry Analysis, size, share and Forecast 2020-2027

Agricultural chelate is a form of micronutrients used in fertilizers to improve its performance. The applications of chelates vary from foliar sprays, seed dressings to fertilizer additives, and hydroponics on different types of crops such as fruits, vegetables, oilseeds, and pulses. The agricultural chelates can be classified into five categories: EDTA, DTPA, EDDHA, DTPA, and other types of chelates. It can be used for both indoor farming and open agricultural practices to enhance the quality and productivity of the crops.

The significant factor driving the growth of the Global Agricultural Chelates market is the expansion in demand for high-value crops such as lavender, gourmet mushrooms, and garlic due to the increase in population and declining amount of arable land across the globe. Chelate compounds plays a major role in helping the crop yields to overcome micronutrient deficiency. With the continuous soil degradation caused by the cultivation of high-yield crops and the increasing incidences of micronutrient deficiencies such as low soil organic matter, it has become necessary for the farmers to add chelates iron micronutrients in the fertilizers to improve the quality of crop yields. Moreover, the rising awareness about the application of agricultural chelates and the growing adoption of irrigation systems will drive the demand of the market.

Read Full Report Description: https://www.gmiresearch.com/report/agricultural-chelates-market/

Based on the type, the Global Agricultural Chelates market is segmented into 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) and others. The EDTA segment is projected to grow at a higher CAGR during the forecast period owing to the increasing demand for EDTA chelates with the recent innovation of crop-specific chelates. The EDTA chelates improve the absorption ability of the micronutrients and can be used for both soil and foliar-applied nutrients, thereby giving a competitive advantage over other agricultural chelates.

Based on the mode of application, the Global Agricultural Chelates market is segmented into soil application, seed dressing, foliar sprays, fertigation, and other modes. The foliar sprays segment is expected to grow at a higher CAGR during the forecast period due to the increasing usage of foliar spray in various cultivation such as horticultural crops, field crops, and other crops. The foliar spray ensures uniform distribution of the nutrients to maximize the yields and reduces input cost, thus attracting a large number of farmers to opt for foliar sprays over the coming years.

Based on the crop type, the Global Agricultural Chelates market is segmented into cereals & grains, oilseeds & pulses, fruits & vegetables, and other crop types. The fruits & vegetables segment is projected to lead the market during the forecast period. The increasing consumption of fruits and vegetables due to the shift in the consumer’s preference towards a healthy diet pattern, is the primary factor contributing to the growth of the market. The developing nations such as India and China are the largest exporter of fruits and vegetables and are widely using agricultural chelates to improve the quality of the crops. Moreover, the growing emergence of online grocery stores and the rise in veganism across the globe will have a positive impact on the growth of the agricultural chelates market over the forecast period.

Based on the region, Asia-Pacific is projected to grow at a higher CAGR during the forecast period owing to the increasing demand for high-value crops followed by the growing population in developing nations such as India, China, Indonesia, and Japan. The continuous innovation in farming techniques has created new opportunities for the manufacturers, thereby attracting various multinational giants to invest in the agricultural chelates market in this region.

Various notable players operating in the market include Yara International ASA, BASF SE, Syngenta AG, The Dow Chemical Company, Nouryon, The Andersons, Inc., ATP Nutrition, Aries Agro Ltd., Haifa Chemicals, ICL, Valagro S.p.A, among others.

Key Developments:

• In 2019, BASF invested in the development of production plant and product portfolio to strengthen the value chain for Chelating agents in Germany. The objective of the investment is to capture the growing demands of the target customers.

The global agricultural chelates market has been segmented based on type, micronutrient, end use, mode of application, crop type, and region. Based on type, the market is segmented into 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), and Others. Based on micronutrient, the market is segmented into iron, manganese, and others. The others segment is further segmented into copper chelates, zinc chelates, calcium chelates, and magnesium chelates. Based on end use, the market is segmented into agriculture and indoor farming. Based on the mode of application, the market is segmented into soil application, seed dressing, foliar sprays, fertigation, and other modes. Based on crop type, the market is segmented into cereals & grains, oilseeds & pulses, fruits & vegetables, and other crop types.

About GMI Research

GMI Research is a market research and consulting firm which provides bespoke industry & market insights to help businesses in making the toughest business decision. We the know the significance of accurate data that’s why our analyst use tailored methodology to study each and every market in detail because one size doesn’t fit all. We just don’t cover only the traditional well-established market but also focuses more on niche market and markets in emerging market for which getting information is very difficult, which makes us pioneer in emerging market research space. Our syndicate reports cover multiple industry across regions and country.

Our in-depth market reports help propel your business with all the data, strategic inputs and competitive intelligence to move ahead even in the most uncertain times. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research look forward to help businesses stay ahead of the curve.

Media Contact

Company Name: GMI RESEARCH

Contact Person: Sarah Nash

Email: enquiry@gmiresearch.com

Phone: Europe - +353 1 442 8820; US - +1 860 881 2270

Address: Dublin, Ireland

Website: www.gmiresearch.com

Ricky Sheikh, SEO & Research Analyst in GMI research a market research and consulting firm.