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Agricultural Chelates Market Projected to Reach $1.5 Billion by 2025, at a CAGR of 7.7%

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Agricultural Chelates Market Projected to Reach $1.5 Billion by 2025, at a CAGR of 7.7%

January 10
17:42 2020
Agricultural Chelates Market Projected to Reach $1.5 Billion by 2025, at a CAGR of 7.7%

MarketsandMarkets™
The global agricultural chelates market size is estimated to account for a value of USD 0.9 billion in 2019 and is projected to grow at a CAGR of 7.7% from 2019, to reach a value of USD 1.5 billion by 2025. The growing demand for high-value crops and a decrease in the arable land are some of the factors driving the growth in the market.

The report Agricultural Chelates Market by Type (EDTA, EDDHA, DTPA, IDHA), Application (Soil, Seed Dressing, Foliar Sprays, Fertigation), Micronutrient Type (Iron, Manganese), Crop Type, End Use, and Region – Global Forecast to 2025″ The global agricultural chelates market size is estimated to be valued at USD 0.9 billion in 2019 and is projected to reach a value of USD 1.5 billion by 2025, recording a CAGR of 7.7% during the forecast period. Factors such as the increasing demand for high-value crops and the increasing number of acquisitions undertaken by companies to cater to the requirements of crop-specific micronutrients based on the soil type and climatic conditions are projected to drive the growth of the market.

Agricultural Chelates Market

The EDTA segment, on the basis of type, is estimated to grow at the highest rate during the forecast period

Key players in the market are focusing on introducing agricultural chelates to cater to the requirements in the plant micronutrients market. There is a high scope for chelate manufacturers in the market, as there is a high demand for remunerative crops and low arable land, which has led to the expansion of the agricultural chelates market. Of all types of chelating agents, EDTA is the most common synthetic chelating agent and is used for both soil and foliar-applied nutrients. It can be chelated with many micronutrients for better absorption by the plants. Many companies are focusing on offering agricultural solutions with crop-specific chelates.

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The foliar spray segment, by mode of application, is estimated to account for the largest share in the agricultural chelates market, in terms of value, in 2019

Foliar spray is one of the efficient methods used to increase crop yield. It is reported that foliar application evenly spreads on the surface and has minimum dosage requirement, high absorption, low nutrient loses, and offers increased crop yield as compared to conventional fertilizers. It is mainly used on high-value crops, such as cotton, corn, soybean, and fruits and vegetables, which have proven to show an increase in the uptake of nutrients in the plant.

The fruits & vegetables segment, on the basis of crop type, is estimated to account for the largest market share, by value, in 2019

Fruits & vegetables accounted for the largest share in the agricultural chelates market in 2019. There has been a surge in demand for high-value crops, as it offers more profit margins. Many consumers prefer shifting to a health-enriching diet, which has increased the scope of growth for manufacturers in the agricultural chelates market. Many Asian Pacific countries, such as India, Australia, and China, are the key exporters of fruits and vegetables across the globe and are adopting agricultural chelates to enhance the yield for improved export quality cater to the demand in the food processing industry.

Asia Pacific is projected to grow at the highest CAGR during the forecast period

The majority of the companies are investing in the agricultural chelates market due to the rapid urbanization and demand for high-value cash crops in Asia Pacific. The innovative solutions are being adopted by farmers to sustain agriculture and have created growth opportunities for manufacturers in the agricultural chelates market in these regions. In addition, an increase in the cultivation area equipped with irrigation, precision irrigation technologies, and the growing advancements in farming techniques are factors that are projected to increase the demand for micronutrients, encouraging the growth of the agricultural chelates market.

This report includes a study on the marketing and development strategies and on the product portfolios of leading companies operating in the agricultural chelates market. It consists of profiles of leading companies, such as BASF SE (Germany), Nouryon (Netherlands), The Dow Chemical Company (US), Yara International (Norway), ICL (Israel), Haifa Chemicals Ltd (Israel), Syngenta (US), Nufarm Ltd (Australia), Aries Agro Ltd (India), The Andersons, Inc. (US), ATP nutrition (Canada), Manvert (Spain), BMS-Micronutrients NV (Belgium), Wilbur-Ellis company (US), Compo Expert GMBH (Germany), Greensmiths, Inc. (US), Agmin Chelates Pty. Ltd (Australia), Van Iperen International (Netherlands), Valagro SpA (Italy), Shandong Iro Chelating Chemical Co., Ltd. (China), Protex International SA (France), and Deretil Agronutritional (Spain).

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Recent Developments:

1. In June 2019, BASF SE has strengthened its value chain for chelating agents in Ludwigshafen, Germany, by setting up a production plant to increase its market share in the European region.

2. In January 2019, Nouryon entered into an agreement with Itaconix Corporation (UK) for the marketing and distribution of bio-based polymers, which consist of chelating properties.

3. In July 2019, Vallagro S.P.A has collaborated its research with Marrone Bio Innovations (Davis, CA, US), resulting in the conjunction of microorganisms and plant nutritional products to increase crop productivity and quality.

4. In April 2018, Nouryon (formerly known as AkzoNobel Specialty Chemicals) entered into a co-operation agreement with INEOS Nitriles, which allowed AkzoNobel to expand its production of biodegradable chelates that are used in detergents and other industries by utilizing one of the INEOS Nitriles’ chemical products.

 

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