Agricultural Chelates Market Size

Agricultural Chelates Market Size

Agricultural chelates market was valued at around USD 930.5 million in 2023 and is anticipated to grow at a CAGR of around 4.7% between 2024 and 2032.

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The growing worldwide population, rising food demands, and awareness of the necessity of crop yield optimization are driving up demand for agricultural chelates. Agricultural chelates, particularly those containing critical micronutrients like zinc, iron, and manganese, have become vital as farmers and agricultural practitioners attempt to improve the efficiency of nutrient uptake by crops. The increasing incidence of nutrient shortages in soils, along with the necessity for ecologically friendly agricultural techniques, drives the need for chelates even higher. Furthermore, as precision farming gets pace, the need for chelates as a precise and focused option for nutrient delivery rises, adding to the overall growth of the agricultural chelates industry.

Growing environmental concerns are a major impediment to the agricultural chelates business. The use of chelates in agriculture, particularly specific forms such as EDTA, has aroused environmental concerns due to their persistence in soil and ability to leak into water bodies, resulting in environmental damage. Consumers and industry stakeholders are concerned about the long-term impact of chelate usage on soil health and aquatic environments because to increased regulatory scrutiny and increased knowledge. The environmental impact of chelates becomes a key concern as sustainable and eco-friendly farming techniques gain acceptance, impeding the growth of revenue in the agricultural chelates industry.