Asia-Pacific metal chelates market size is expected to reach USD 164.32 million in 2024 and reach USD 251.90 million by 2029, growing at a CAGR of 8.92% from 2024 to 2029.
The metal chelates market is showcasing significant potential in the forecast period. The market continues to build up momentum with the degrading quality of soil and pH levels, thus making agricultural land unproductive. The market has grown rapidly recently and is expected to continue the same. Metal chelates include an organic molecule that has the ability to make bonds with a metal cation ionically or covalently. Chelates are nothing but chemical compounds that comprise the chelating agent and a metal ion. A chelating agent is a chemical substance that helps a single metal ion in making several bonds with itself. These compounds are also called multidentate ligands.
The degradation in the quality of soil has resulted in a rise in the demand for metal chelates across the agricultural sector. Other major factors that are responsible for the growth of the market include rising awareness about nutrient deficiencies in crops, increasing demand for higher yield in crop production, and lastly, development in farming practices being implemented. On the other side, the market has faced some restraints and challenges as well, and the major ones include a wide range of side effects of non-biodegradable chelates and a lack of farmers' acceptance of the use of metal chelates.
This research report on the Asia Pacific metal chelates market is segmented and sub-segmented into the following categories:
Asia-Pacific Metal Chelates Market – By Type:
The market share is led by micronutrients, followed by primary nutrients.
Asia-Pacific Metal Chelates Market – By Crop Type:
Fruits and vegetables accounted for the greatest market share based on crop type due to higher chances of crop damage due to nutrient deficiency.
Asia-Pacific Metal Chelates Market – By Application:
where foliar holds the largest share in the market.
Asia-Pacific Metal Chelates Market – By Country:
On the basis of geography, the Asia-Pacific market is analysed under various regions namely China, India, Australia, Japan and South Korea.
KEY MARKET PLAYERS:
Some of the major market leaders competing for their share include Akzo Nobel N.V., BASF SE, Syngenta AG, Haifa Chemicals Ltd., Nufarm Limited, Aries Agro Limited, Valagro SPA, Van Iperen International, Deretil Agronutritional, Protex International.
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2000
Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM
Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]
Reports By Region