05 May 2025, New Delhi: The global agricultural chelates market size was valued at approximately USD 600 million in 2023 and is projected to reach USD 1.1 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.8% from 2024 to 2032. The market’s expansion is primarily driven by increasing agricultural productivity demands, especially in regions experiencing soil micronutrient deficiencies.
The agricultural chelates market has witnessed significant growth over the past few years, driven by increasing demand for high-efficiency fertilizers and growing awareness of micronutrient management in crop production. Chelates are organic molecules that bind metal ions, making nutrients like iron, zinc, and manganese more bioavailable to plants. As agricultural productivity becomes increasingly dependent on advanced inputs, the use of chelated micronutrients has gained widespread acceptance across global farming communities.
What are the Key Drivers of Agricultural Chelates Market?
Rising Demand for High-Efficiency Fertilizers: The need to improve crop yields and quality, coupled with the rising global population, has led to increased utilization of chelates to enhance micronutrient efficiency and reduce nutrient losses.
Soil Degradation and Nutrient Deficiency: Intensive farming practices and environmental factors have led to soil degradation and micronutrient deficiencies, necessitating the use of chelates to improve soil health and nutrient availability.
Technological Advancements: Innovations in chelation chemistry and the development of biodegradable and organic chelating agents are expanding the market, aligning with sustainable agricultural practices.
Challenges and Opportunities
Despite strong growth prospects, the agricultural chelates market faces challenges such as high production costs and regulatory restrictions on synthetic chelating agents due to environmental concerns. However, this has opened avenues for innovation, particularly in the development of biodegradable and natural chelating agents. Technological advancements in formulation and delivery methods also present opportunities for market expansion.
Future Outlook
The global agricultural chelates market is poised for sustained growth, underpinned by the increasing emphasis on sustainable agriculture and precision farming. As awareness of soil health and crop nutrition deepens, chelated micronutrients will become a critical component of modern agronomic practices. Continued research and development, along with supportive policy frameworks, are likely to enhance the market’s trajectory in the coming years.
The agricultural chelates market is moderately fragmented, with key players focusing on research and development to expand their product portfolios. Major companies include:
BASF SE
Akzo Nobel N.V.
Nouryon
DowDuPont Inc.
Nufarm Limited
Valagro S.p.A.
Aries Agro Limited
Van Iperen International
Protex International
Deretil Agronutritional
Shandong IRO Chelating Chemicals Co., Ltd.
Haifa Chemicals Ltd.
The article is part of a report by Dataintelo – Consulting & Market Research Company.
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