The global metal chelates market was valued at USD 535.72 million in 2023 and is anticipated to reach USD 581.85 million in 2024 from USD 1126.59 million by 2032, growing at a compound annual growth rate (CAGR) of 8.61 % during the forecast period from 2024 to 2032.
The metal chelates market is showing evident potential in the mentioned forecasting period. The market continues to gain momentum with the degradation of soil quality and pH levels in agricultural land around the globe. The market has seen exponential growth recently and is expected to continue with the trend. Chelates refer to the chemical compounds comprising a metal ion and the chelating agent. A chelating agent is a kind of chemical substance that allows a single metal ion to make several bonds with itself. Metal chelates involve an organic molecule that bonds with a metal cation covalently or ionically. These compounds are also known as multidentate ligands.
The deterioration of soil quality has led to an increase in the demand for metal chelates around the agricultural sector. Other factors that drive the growth of the market include rising demand for higher yield out of crop production, growing awareness about nutrient deficiencies among crops, and development in farming practices around emerging markets. On the other hand, the market faces some challenges as well, the major ones being adverse side effects of chelates which are non-biodegradable in nature, as well as the lack of acceptance among farmers about the use of metal chelates.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2032 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2032 |
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CAGR |
8.61% |
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Segments Covered |
By Type, Crop Type, Mode Of Application, and Region |
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Various Analyses Covered |
Global, Regional and Country Level Analysis; Segment-Level Analysis; DROC; PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
BASF SE, Akzo Nobel N.V., Syngenta AG, Nufarm Limited, Haifa Chemicals Ltd., Aries Agro Limited, Van Iperen International, Valagro SPA, Protex International, Deretil Agronutritional and Others. |
The market share is dominated by micronutrients, followed by primary nutrients.
The fruits & vegetable segment accounted for the highest market share on the basis of crop type due to the fear of damage because of nutrient deficiency.
where in the foliar segment remains the market leader and is expected to show the highest growth as well.
Metal Chelates market was dominated by Asia-Pacific, with the overall market share of over 36% globally. Asia-Pacific was followed by Europe and North America. The Asia Pacific is predicted to grow at a rapid pace in the coming few years.
Major key players in the global metal chelates market are BASF SE, Akzo Nobel N.V., Syngenta AG, Nufarm Limited, Haifa Chemicals Ltd., Aries Agro Limited, Van Iperen International, Valagro SPA, Protex International, Deretil Agronutritional.
By Type
By Crop Type
By Mode Of Application
By Region
Frequently Asked Questions
The increasing demand for high-quality crops and improved agricultural productivity is a significant factor driving the growth of the metal chelates market. Metal chelates are widely used in agriculture to enhance nutrient uptake by plants, thereby improving crop yield and quality.
One emerging trend in the metal chelates market is the increasing use of micronutrient-enriched fertilizers to address nutrient deficiencies in soil. Moreover, the development of environment-friendly and bio-based chelating agents is gaining traction among manufacturers and farmers.
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