Agricultural Chelates Market

Global Agricultural Chelates Market Size (2024 to 2032)

The global agricultural chelates market was valued at USD 616.38 million in 2023 and is anticipated to reach USD 657.68 million in 2024 from USD 1104.91 million by 2032, growing at a CAGR of 6.7% from 2024 to 2032.

Degradation of soil increased modern farming practices, and demand for chelated iron micronutrients are key factors driving the market. The high growth potential in emerging markets and untapped regions provides market players with new growth opportunities.

Micronutrients are essential in agriculture to increase yield and enhance the quality of agricultural produce. Though required in very small quantities, these essential elements are consumed by plants to carry out important bodily functions. They are effectively supplied by complexes containing chelated compounds, which are more stable than their non-chelated compounds. The most commonly used chelates are EDTA, DPTA, and EDDHA. Micronutrients such as iron, zinc, copper, manganese, calcium, and magnesium can be chelated easily, while the other nutrients cannot be readily chelated.

Market Drivers

The driving factor of the market is the increasing demand for high-yielding quality crops. These chelate compounds also help in removing toxicity due to excess micronutrients and play an important role in helping plants overcome micronutrient deficiency, thereby increasing profits by overcoming agricultural economies. Increasing demand for biofuels is further expected to aid market growth. Rapid depletion of crude oil deposits and rising environmental concerns regarding the harmful effects of petroleum products on the environment are further aiding the research to find a sustainable alternative. 

Bioethanol and biodiesel are considered sustainable alternatives. Both of these products are derived from biofuels such as waste vegetable and waste vegetable oils, Therefore, an enlarged interest for biofuels has prompted the interest in food grains and crops, which will fuel the demand for agricultural micronutrients. Factors such as the high cost associated with chelating agents and increasing environmental concern over non-biodegradable chelates are major constraints limiting the market growth. However, with the increasing emphasis on research and product development by companies to produce organic and biodegradable chelates, the advantages associated with the increasing adoption of hydroponics technology are boosting the growth of the agricultural chelate market.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Agricultural Chelates Market By Crop Type

EDTA chelate isolates metal ions, such as calcium ions and ferrous ions, and forms weak bonds with metal nutrients, such as zinc, iron, and copper. EDTA chelates, being comparatively less expensive and easily available, also help to treat harmful lead poisoning in the soil by removing toxins, such as lead, cadmium, and mercury. These factors have further helped the demand for EDTA chelates.

Soil application in the agricultural chelates market is growing as soil nutrition is necessary to increase the productivity of crops. Crops witness a usual deficiency of iron, and therefore, chelated iron micronutrients are applied in the soil to provide the required amount of nutrition for enhanced crop production. Bioethanol and biodiesel are considered the most sustainable alternatives to conventional fuel. Bioethanol is sourced from wheat, soybean, corn, rapeseed, and sugarcane, whereas biodiesel is sourced from Jatropha, sunflower, soybean, mustard, rapeseed, flax, canola, palm oil, hemp, and waste vegetable oils. The absolute growth opportunity is expected to be highest in the cereals segment, followed by fruits and vegetables.

REGIONAL ANALYSIS

Asia-Pacific is the largest user of agricultural chelates. EDTA is the most widely used chelating agent, while organic chelates are gaining increasing importance in the North American agricultural chelates market. With agricultural chelates being widely used in the horticulture industry, the growth of agricultural chelates is expected to be the highest in Mexico.

KEY MARKET PLAYERS

BASF SE, Haifa Chemicals, Syngenta AG, AkzoNobel N.V., and Nufarm Ltd. collectively accounted for the largest portion of the agricultural chelates market. Deretil Agronutritional, Shandong IRO Chelating Chemicals Co. Ltd., Protex International, lagro SPA, and Van Iperen International also have a strong presence in this market.

DETAILED SEGMENTATION OF THE GLOBAL AGRICULTURE CHELATES MARKET INCLUDED IN THIS REPORT

This research report on the global animal agriculture chelates market is segmented and sub-segmented into the following categories.

By Type

• EDTA
• EDDHA
• DTPA
• IDHA.

By Application

• Soil
• Seed Dressing
• Foliar Sprays
• Hydroponics

By Crop Type

• cereals and grains
• oilseeds and pulses
• fruits and vegetables

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa