Data Bridge Market Research analyses that the agricultural chelates market will project a compound annual growth rate (CAGR) of 7.90% during the forecast period of 2022-2029 and is likely to reach the USD 2.09 billion by 2029.
Agricultural chelates are substances that are added to fertilizers to improve their performance. These chelates are additional fertilizers that have the ability to increase crop output. Agricultural chelates such as DTPA, EDTA, and EDDHA, among others, are used in agricultural applications. The use of these chelates can improve the performance and efficiency of micronutrients. Agricultural chelates are used in foliar, soil, and fertigation treatments.
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The rise in the demand for high-value crops will emerge as the major factor fostering the growth of the agricultural chelates market. Also, less soil degradation due to excessive cultivation and upsurge in the adoption rate of precision-farming technology will influence the growth rate of agricultural chelates market. Other factors such as significant growth in greenhouse vegetable production and rising incidences of micronutrient deficiency will cushion the growth of market.
Moreover, the advancements associated with biodegradable chelates and high consumption of fertilizer in emerging economies will further create lucrative and remunerative growth opportunities for the agricultural chelates market.
COVID-19 Outbreak Impact Analysis:
The industry trends were analyzed in the context of COVID-19. Data Bridge Market Research examined the impact of COVID-19 upon the product industry chain, based on upstream and downstream industry’s. We analyze the COVID-19 impact on different regions and major nations and also highlight the impacts of COVID-19 on the future development and growth of the industry.
Competitive Landscape and Global Agricultural Chelates Market Share Analysis
The agricultural chelates market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to agricultural chelates market.
Some of the major players operating in the agricultural chelates market are Syngenta Crop Protection AG, Haifa Negev technologies LTD, Valagro, Nufarm Canada, Van Iperen International, Akzo Nobel N.V., PROTEX INTERNATIONAL, BASF SE, Nouryon, and Dow, among others.
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However, bioaccumulation of non-biodegradable chelates and growth of organic fertilizers industry will further derail the agricultural chelates market growth rate. The dearth of awareness amongst farmers will pose a major challenge to the growth of the market.
This agricultural chelates market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on agricultural chelates market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Agricultural Chelates Market Scope and Market Size
The agricultural chelates market is segmented on the basis of source type, crop type, mode of application, micronutrient type and end use. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of source type, the agricultural chelates market is segmented into EDTA, DTPA, IDHA and EDDHA and others. Others segment is further sub-segmented into HEDP, HETDA, organic acids, and NTA.
- On the basis of crop type, the agricultural chelates market is segmented into macro indicators, Npk (N+P2o5 + K2o) fertilizers, cereals and grains, oilseeds and pulses, fruits and vegetables, and others. Others segment is further sub-segmented into turf and ornamental crops.
- On the basis of mode of application, the agricultural chelates market is segmented into soil, seed dressing, foliar sprays, fertigation and others. Others segment is further sub-segmented into trunk injection and implantation.
- On the basis of micronutrient type, the agricultural chelates market is segmented into iron, manganese, and others. Others segment is further sub-segmented into zinc, copper, magnesium, and calcium.
- On the basis of end use, the agricultural chelates market is segmented into agriculture and indoor farming.
Global Agricultural Chelates Industry Segmentation Analysis:
This assessment has been carried out on the basis of size, share, and CAGR. Additionally, regional analysis has been done by the experts stressing the growth potential of the key regions and countries. The report also encompasses accurate and reliable figures based on the Agricultural Chelates consumption and production in key regions.
The Geographical assessment of the Agricultural Chelates market is:
North America (United States, Canada, North American countries and Mexico),
Europe (Germany, France, UK, Russia, and Italy),
Asia-Pacific (China, Japan and Korea, Asian nation, India and Southeast Asia),
South America (Brazil, Argentina, Republic of Colombia, etc.),
Middle East & Africa (Saudi Arabian Peninsula, UAE, Egypt, Nigeria, and South Africa)
The new study report gives a systematic and descriptive approach to the global Agricultural Chelates market. It constructs industry dynamics, the overall extent of growth in distinct segments, regions as well as various other parameters that have been immensely effective in enlarging the industry size and value. Therefore, this document aimed at delivering a clear perspective of all possible conditions and structures in the global Agricultural Chelates market.
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