The agricultural chelates market has grown strongly in recent years. It will grow from $1.29 billion in 2023 to $1.4 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The historical period's growth can be attributed to several factors, including concerns about soil quality, the global population's increase, the expansion of commercial agriculture, the adoption of precision farming, and a heightened awareness of crop nutrition.
The agricultural chelates market is expected to see strong growth in the next few years. It will grow to $1.97 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The anticipated growth in the forecast period can be attributed to the expansion of organic farming, challenges posed by climate change, a heightened focus on sustainable agriculture, government support for precision agriculture, and increasing investments in agricultural technology (agtech). Key trends expected in the forecast period include technological innovations in chelate formulations, advancements in agricultural technology, a growing adoption of precision agriculture practices, an increased use of micronutrients in crop production, and technological advancements in chelate production.
The anticipated increase in farm production expenditure is poised to drive the growth of the agriculture chelates market in the foreseeable future. Farm production expenditure encompasses the total amount spent by farms on various inputs and expenses related to agricultural production. Agricultural chelates, chemical compounds used in agriculture, play a vital role in improving the availability and uptake of essential minerals by plants. For example, in 2022, U.S. farms expended $195.5 billion on crop farms, as reported by the United States Department of Agriculture (USDA), a key government agency. This substantial investment in farm production expenditure serves as a significant driver for the agriculture chelates market.
The increasing adoption of greenhouse farming is expected to contribute significantly to the growth of the agricultural chelates market. Greenhouse farming involves the cultivation of crops in protected structures, either fully or partially covered by transparent materials, to create optimal growing conditions while shielding crops from adverse weather conditions and pests. Agricultural chelates are utilized in greenhouse farming to enhance nutrient uptake and utilization efficiency by crops. High-performance chelated micronutrients, such as iron chelates, are commonly employed in agriculture to increase crop yields. For instance, according to Statistics Canada, the National Statistical Office of Canada, British Columbia's farms recorded the second-highest greenhouse area in the country in 2021, reaching 66.0 million square feet, reflecting a 14.0% increase from 2016. This province accounted for 20.0% of Canada's total reported greenhouse area. Therefore, the growing adoption of greenhouse farming is anticipated to be a significant driver for the growth of the agricultural chelates market.
Product innovations are emerging as a central trend in the agricultural chelates market, with major companies actively developing innovative solutions to fortify their market positions. A noteworthy example is the initiative by Innospec Inc., a prominent US-based polyethylene wax producer. In August 2022, Innospec Inc. introduced ENVIOMET C, an environmentally friendly chelating agent designed for agricultural applications. This product stands out for its readily biodegradable nature, aiming to meet the demands of customers seeking chelating agents that deliver exceptional performance while minimizing environmental impact. ENVIOMET C reflects the industry's commitment to sustainability and addresses the growing preference for eco-friendly agricultural solutions.
In August 2022, Balchem Corporation, a US-based industrial gas company, acquired Cardinal Associates Inc (Bergstrom Nutrition) for an undisclosed amount. As a result of this acquisition, Bergstrom Nutrition, a biotech firm specializing in chelated minerals and human-grade choline supplements for nutrition and healthcare applications, is integrated into Balchem's Human Nutrition and Health business segment, specifically within the Minerals and Nutrients business unit. This strategic move demonstrates Balchem's commitment to expanding its portfolio and capabilities in the agricultural chelates market through the acquisition of a company with expertise in chelated minerals.
In January 2023, Nouryon, a Netherlands-based chemical manufacturing company, completed the acquisition of ADOB for an undisclosed amount. This acquisition reinforces Nouryon's diverse crop nutrition portfolio and underscores its commitment to the agriculture and food sector. The strategic move enables Nouryon to expand its range of services and product offerings, enhancing its competitive position in the market. ADOB, a Poland-based company, is a provider of chelated micronutrients, fertilizers, and other specialized agricultural solutions. The acquisition aligns with the industry's focus on expanding capabilities and offerings to meet the evolving needs of agriculture.
Major companies operating in the agricultural chelates market report are Yara International ASA, Haifa Group, Nouryon Holding B.V., BASF SE, The Andersons Inc., Dow Inc., Nufarm Limited, ICL Group Ltd., Syngenta Group Co. Ltd., Aries Agro Limited, Akzo Nobel N.V., Valagro S.p.A., Deretil Agronutritional S.L., ATP Nutrition Ltd., Manvert S.L., BMS-Micronutrients NV, Mitsubishi Chemical Corporation, Innospec Inc., Shandong Iro Chelating Chemical Co. Ltd., Ava Chemicals Private Limited, Protex International, Agmin Chelates, COMPO EXPERT GmbH, LidoChem Inc., Andersons Plant Nutrient Group, CHS Inc., Wilbur-Ellis Holdings Inc., Van Iperen International B.V., ADOB Haifa Ltd., Aquapharm Chemical Pvt. Ltd.
Asia-Pacific was the largest region in the agricultural chelates market in 2023. Europe is expected to be the fastest-growing region in the global agriculture chelates market report during the forecast period. The regions covered in the agricultural chelates market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the agricultural chelates market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary types of agricultural chelates include EDTA (ethylenediaminetetraacetic acid), EDDHA (ethylenediamine-'-bis (2-hydroxyphenyl acetic acid), DTPA (diethylenetriamine pentaacetate), IDHA (imidodisuccinic acid), and other variations. EDTA-based fertilizers, incorporating ethylenediaminetetraacetic acid as a chelating agent, contribute to improving the efficiency of nutrient absorption in plants. Various crop types benefit from agricultural chelates, including cereals and grains, oilseeds and pulses, fruits and vegetables, among others. These chelates find applications in diverse settings, such as soil, foliar, hydroponics, and other agricultural applications.
The agriculture chelates market research report provides agriculture chelates market statistics, including agriculture chelates industry global market size, regional shares, competitors with agriculture chelates market share, detailed agriculture chelates market segments, market trends, and opportunities, and any further data you may need to thrive in the agriculture chelates industry. This agriculture chelates market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The agricultural chelates market consists of sales of chelated fertilizers containing micronutrients. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The agricultural chelates market is expected to see strong growth in the next few years. It will grow to $1.97 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The anticipated growth in the forecast period can be attributed to the expansion of organic farming, challenges posed by climate change, a heightened focus on sustainable agriculture, government support for precision agriculture, and increasing investments in agricultural technology (agtech). Key trends expected in the forecast period include technological innovations in chelate formulations, advancements in agricultural technology, a growing adoption of precision agriculture practices, an increased use of micronutrients in crop production, and technological advancements in chelate production.
The anticipated increase in farm production expenditure is poised to drive the growth of the agriculture chelates market in the foreseeable future. Farm production expenditure encompasses the total amount spent by farms on various inputs and expenses related to agricultural production. Agricultural chelates, chemical compounds used in agriculture, play a vital role in improving the availability and uptake of essential minerals by plants. For example, in 2022, U.S. farms expended $195.5 billion on crop farms, as reported by the United States Department of Agriculture (USDA), a key government agency. This substantial investment in farm production expenditure serves as a significant driver for the agriculture chelates market.
The increasing adoption of greenhouse farming is expected to contribute significantly to the growth of the agricultural chelates market. Greenhouse farming involves the cultivation of crops in protected structures, either fully or partially covered by transparent materials, to create optimal growing conditions while shielding crops from adverse weather conditions and pests. Agricultural chelates are utilized in greenhouse farming to enhance nutrient uptake and utilization efficiency by crops. High-performance chelated micronutrients, such as iron chelates, are commonly employed in agriculture to increase crop yields. For instance, according to Statistics Canada, the National Statistical Office of Canada, British Columbia's farms recorded the second-highest greenhouse area in the country in 2021, reaching 66.0 million square feet, reflecting a 14.0% increase from 2016. This province accounted for 20.0% of Canada's total reported greenhouse area. Therefore, the growing adoption of greenhouse farming is anticipated to be a significant driver for the growth of the agricultural chelates market.
Product innovations are emerging as a central trend in the agricultural chelates market, with major companies actively developing innovative solutions to fortify their market positions. A noteworthy example is the initiative by Innospec Inc., a prominent US-based polyethylene wax producer. In August 2022, Innospec Inc. introduced ENVIOMET C, an environmentally friendly chelating agent designed for agricultural applications. This product stands out for its readily biodegradable nature, aiming to meet the demands of customers seeking chelating agents that deliver exceptional performance while minimizing environmental impact. ENVIOMET C reflects the industry's commitment to sustainability and addresses the growing preference for eco-friendly agricultural solutions.
In August 2022, Balchem Corporation, a US-based industrial gas company, acquired Cardinal Associates Inc (Bergstrom Nutrition) for an undisclosed amount. As a result of this acquisition, Bergstrom Nutrition, a biotech firm specializing in chelated minerals and human-grade choline supplements for nutrition and healthcare applications, is integrated into Balchem's Human Nutrition and Health business segment, specifically within the Minerals and Nutrients business unit. This strategic move demonstrates Balchem's commitment to expanding its portfolio and capabilities in the agricultural chelates market through the acquisition of a company with expertise in chelated minerals.
In January 2023, Nouryon, a Netherlands-based chemical manufacturing company, completed the acquisition of ADOB for an undisclosed amount. This acquisition reinforces Nouryon's diverse crop nutrition portfolio and underscores its commitment to the agriculture and food sector. The strategic move enables Nouryon to expand its range of services and product offerings, enhancing its competitive position in the market. ADOB, a Poland-based company, is a provider of chelated micronutrients, fertilizers, and other specialized agricultural solutions. The acquisition aligns with the industry's focus on expanding capabilities and offerings to meet the evolving needs of agriculture.
Major companies operating in the agricultural chelates market report are Yara International ASA, Haifa Group, Nouryon Holding B.V., BASF SE, The Andersons Inc., Dow Inc., Nufarm Limited, ICL Group Ltd., Syngenta Group Co. Ltd., Aries Agro Limited, Akzo Nobel N.V., Valagro S.p.A., Deretil Agronutritional S.L., ATP Nutrition Ltd., Manvert S.L., BMS-Micronutrients NV, Mitsubishi Chemical Corporation, Innospec Inc., Shandong Iro Chelating Chemical Co. Ltd., Ava Chemicals Private Limited, Protex International, Agmin Chelates, COMPO EXPERT GmbH, LidoChem Inc., Andersons Plant Nutrient Group, CHS Inc., Wilbur-Ellis Holdings Inc., Van Iperen International B.V., ADOB Haifa Ltd., Aquapharm Chemical Pvt. Ltd.
Asia-Pacific was the largest region in the agricultural chelates market in 2023. Europe is expected to be the fastest-growing region in the global agriculture chelates market report during the forecast period. The regions covered in the agricultural chelates market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the agricultural chelates market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary types of agricultural chelates include EDTA (ethylenediaminetetraacetic acid), EDDHA (ethylenediamine-'-bis (2-hydroxyphenyl acetic acid), DTPA (diethylenetriamine pentaacetate), IDHA (imidodisuccinic acid), and other variations. EDTA-based fertilizers, incorporating ethylenediaminetetraacetic acid as a chelating agent, contribute to improving the efficiency of nutrient absorption in plants. Various crop types benefit from agricultural chelates, including cereals and grains, oilseeds and pulses, fruits and vegetables, among others. These chelates find applications in diverse settings, such as soil, foliar, hydroponics, and other agricultural applications.
The agriculture chelates market research report provides agriculture chelates market statistics, including agriculture chelates industry global market size, regional shares, competitors with agriculture chelates market share, detailed agriculture chelates market segments, market trends, and opportunities, and any further data you may need to thrive in the agriculture chelates industry. This agriculture chelates market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The agricultural chelates market consists of sales of chelated fertilizers containing micronutrients. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Agricultural Chelates Market Characteristics3. Agricultural Chelates Market Trends and Strategies31. Global Agricultural Chelates Market Competitive Benchmarking32. Global Agricultural Chelates Market Competitive Dashboard33. Key Mergers and Acquisitions in the Agricultural Chelates Market
4. Agricultural Chelates Market - Macro Economic Scenario
5. Global Agricultural Chelates Market Size and Growth
6. Agricultural Chelates Market Segmentation
7. Agricultural Chelates Market Regional and Country Analysis
8. Asia-Pacific Agricultural Chelates Market
9. China Agricultural Chelates Market
10. India Agricultural Chelates Market
11. Japan Agricultural Chelates Market
12. Australia Agricultural Chelates Market
13. Indonesia Agricultural Chelates Market
14. South Korea Agricultural Chelates Market
15. Western Europe Agricultural Chelates Market
16. UK Agricultural Chelates Market
17. Germany Agricultural Chelates Market
18. France Agricultural Chelates Market
19. Italy Agricultural Chelates Market
20. Spain Agricultural Chelates Market
21. Eastern Europe Agricultural Chelates Market
22. Russia Agricultural Chelates Market
23. North America Agricultural Chelates Market
24. USA Agricultural Chelates Market
25. Canada Agricultural Chelates Market
26. South America Agricultural Chelates Market
27. Brazil Agricultural Chelates Market
28. Middle East Agricultural Chelates Market
29. Africa Agricultural Chelates Market
30. Agricultural Chelates Market Competitive Landscape and Company Profiles
34. Agricultural Chelates Market Future Outlook and Potential Analysis
35. Appendix
Executive Summary
This report provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on agricultural chelates market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for agricultural chelates? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:1) By Type: EDTA (Ethylenediaminetetraacetic Acid); EDDHA (Ethylenediamine-N,N′-bis (2-Hydroxyphenylacetic Acid); DTPA (Diethylenetriamine Pentaacetate); IDHA (Imidodisuccinic Acid); Other Types2) By Crop Type: Cereals And Grains; Oilseeds And Pulses; Fruits And Vegetable; Other Crop Types
3) By Application: Soil; Foliar; Hydroponics; Other Applications
Companies Mentioned: Yara International ASA; Haifa Group; Nouryon Holding B.V.; BASF SE; The Andersons Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Yara International ASA
- Haifa Group
- Nouryon Holding B.V.
- BASF SE
- The Andersons Inc.
- Dow Inc.
- Nufarm Limited
- ICL Group Ltd.
- Syngenta Group Co. Ltd.
- Aries Agro Limited
- Akzo Nobel N.V.
- Valagro S.p.A.
- Deretil Agronutritional S.L.
- ATP Nutrition Ltd.
- Manvert S.L.
- BMS-Micronutrients NV
- Mitsubishi Chemical Corporation
- Innospec Inc.
- Shandong Iro Chelating Chemical Co. Ltd
- Ava Chemicals Private Limited
- Protex International
- Agmin Chelates
- COMPO EXPERT GmbH
- LidoChem Inc.
- Andersons Plant Nutrient Group
- CHS Inc.
- Wilbur-Ellis Holdings Inc.
- Van Iperen International B.V.
- ADOB Haifa Ltd.
- Aquapharm Chemical Pvt. Ltd.
Methodology
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