Agricultural Chelates Market Analysis

Agricultural Chelates Market Analysis  

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Based on type, the market is segmented as EDTA, DTPA, EDDHA, IDHA, and others. EDTA segment held a majority market value of USD 324.7 million in 2023. The availability of vital micronutrients like iron, zinc, manganese, and copper in a form that crops can readily absorb is greatly aided by EDTA chelates. Thus, total crop output and quality are enhanced. The use of EDTA chelates has become essential in current agricultural techniques, which prioritize enhancing nutritional content and production, particularly when correcting micronutrient deficits in different soil types. Global market for agricultural chelates is driven by demand for agricultural chelates, and EDTA's flexibility in stabilizing and delivering micronutrients to plants highlights this demand. EDTA meets the changing demands of sustainable and efficient crop production.
 

Based on crop type, the market is segmented as cereals & grains, fruits & vegetables, oilseeds & pulses, and others. Cereals & grains held a dominant market share of around 45.5% in 2023. Grain and cereal products, including wheat, rice, corn, and barley, are essential to the world's food security. Chelates are essential for treating nutritional deficits in these crops, improving their general health, and guaranteeing maximum yield—especially those that include micronutrients like iron, zinc, and manganese. Since the soil frequently lacks these vital micronutrients, chelate-based fertilizers are being used by farmers more and more to give nutrients in a targeted and effective manner. In addition to increasing crop quality, the application of agricultural chelates in cereals and grains helps meet the world's food need by optimizing yields and ensuring the nutritional content of staple foods."
 

Based on mode of application, the agricultural chelates market is segmented into foliar spray, soil treatment, fertigation, seed treatment, and others. Soil treatment held a dominant market share of around 40.2% in 2023. The use of chelates has become more common as farmers understand the need of healthy soil for sustainable agriculture. Chelates improve plant development by correcting soil shortages and facilitating the effective release and absorption of vital micronutrients such as iron, zinc, and manganese. The demand for chelates for soil treatment applications has surged as a result of growing awareness of the importance of soil quality and the requirement for greater agricultural output.
 

Based on end-use, the market is segmented as agriculture, horticulture, floriculture, and others. Agriculture segment held a majority market value of USD 512.8 million in 2023. As the world's population grows, so does the demand for food supply, necessitating improved agricultural methods. Agricultural chelates serve an important role in plant nutrition by increasing nutrient absorption, assuring appropriate development, and reducing nutritional shortages. Demand for increased crop yields, enhanced quality, and nutrient-efficient farming techniques has fuelled the use of agricultural chelates in a variety of crop types.
 

North America dominated the majority market share and a revenue of USD 330.3 million in 2023. The region's expanding agricultural industry, as well as an increasing emphasis on crop productivity and quality, are driving strong demand for agricultural chelates in North America. Farmers' growing awareness of the importance of micronutrients in plant nutrition is driving the need for chelates to efficiently address nutritional shortages. The growing preference for high-value crops, along with the necessity for sustainable farming techniques, is driving the development of agricultural chelates in North America.