The Agricultural Chelates Market Report by Type, Regions, Micronutrient, Crop, Application, and End-Use; added by Stratview Research is an in-depth analysis of the present and upcoming trends, market size, status, present scenario, and upcoming technologies, market drivers, challenges, regulatory policies, with key company profiles and growth strategies of major players. The present report provides market introduction, Agricultural Chelates Market definition, mergers & acquisitions, key financial data, regional market scope, sales and revenue by region, Industrial supply Chain, market size forecast, related tables, pie charts, graphs, figures, etc.

Market Highlights

The agricultural chelates market was estimated at USD 1.01 billion in 2021 and is likely to grow at a CAGR of 7.68% during 2022-2028 to reach USD 1.7 billion in 2028.

Segment-wise Analysis:

To broaden the understanding, researchers have studied the Agricultural Chelates Market minutely. The report consists of segment-wise details such as application type, platform type, etc. It also covers the regional analysis, considering the potential regions and countries. Such segment-wise analysis will further assist the users in making suitable decisions for better growth opportunities.

Based on the type, the market is segmented as EDTA, EDDHA, DTPA, IDHA, and others. EDTA is estimated to be the fastest-growing segment of the market during the forecast period. EDTA chelates agents enable the plant to absorb a high amount of micronutrients and provide an excellent binding capability when they are used with crucial micronutrients, such as iron, manganese, copper, and zinc, which results in an improved quality of crop growth, fueling the growth of the agricultural chelates market.

Based on the crop type, the agricultural chelates market is segmented as cereals & grains, oilseeds & pulses, fruits & vegetables, and other crop types. Fruits & vegetables held the largest share of the market in 2021 and are likely to maintain their leading position during the forecast period as well. It is estimated that there will be an increase in the consumption of fruits and vegetables in the upcoming years.

Based on the application type, the market is segmented as soil application, seed dressing, foliar sprays, fertigation, and others. Foliar spray is expected to be the fastest-growing segment of the agricultural chelates market during the forecast period. Foliar spray is an agricultural method in which water and agricultural chelates are applied to plants through spray pumps, drones, tractor-mounted sprayers, and airplanes. This process offers the possibility to get the best use of yield, reduce the loss of nutrients, and also prevention from polluting the environment.

Also, the farmers usually prefer foliar spray techniques for the application of agricultural chelates, as it guarantees that the nutrients are uniformly applied and the agricultural input cost is reduced. Hence, the efficiency and reliability of foliar spray is offering substantial growth opportunities in the market during the forecast period.

In terms of regions, Europe held the largest share of the market in 2021 and is estimated to govern the market during the forecast period. Due to the growing demand from European countries, Spain and the Netherlands have an increased cultivated area, including greenhouses as well. Also, these countries have export demands for a wide range of crops, such as pulses, fruits, cereals, oilseeds, and cash crops. The growth of the crop is highly dependent on the type of soil, which varies from region to region. The lack of micronutrients in soils as reported across Europe is expected to drive the growth of the agricultural chelates market. North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

Critical Questions Answered in the Report

l  What are the key trends in the Agricultural Chelates Market?

l  How has the market (and its various sub-segments) grown in the last five years?

l  What would be the growth rate in the next five years?

l  What is the impact of COVID-19 on the market?

l  What are the key strategies adopted by the major vendors to lead in the Agricultural Chelates Market?

l  What is the market share of the top vendors?

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