The agricultural chelates market is projected to reach USD 566.1 million by 2020 at a CAGR of 6.7% from 2015 to 2020. The market is driven by factors such as global economic growth, rising demand for food products, and modern agricultural practices. The high growth potential in emerging markets and untapped regions provides new opportunities for market players.
- BASF SE (Germany)
- Haifa Chemicals Ltd (Israel)
- Syngenta AG (Switzerland)
- Akzo Nobel N.V. (The Netherlands)
- Nufarm Limited (Australia)
- Deretil Agronutritional (Spain)
- Shandong IRO Chelating Chemicals Co. Ltd. (China)
- Protex International (France)
- Valagro SPA (Italy)
- Van Iperen International (Italy)
EDTA agricultural chelate type is the fastest growing market from 2015 to 2020
The EDTA agricultural chelate type is projected to grow with the highest CAGR from 2015 to 2020. EDTA chelates help in the isolation of metal ions, such as calcium ions and ferrous ions, and it also forms weak bonds with metal nutrients, such as zinc, iron, and copper which are required to provide adequate nourishment to the crops. Moreover, EDTA treats harmful lead poisoning in the soil by extracting harmful toxins, such as lead, cadmium, and mercury, maintaining better soil quality.
- R&D institutes
- Technology providers
- Agricultural chelates manufacturers/suppliers
- Micronutirents manufacturers/processors
- Intermediary suppliers
Cereals & grains led the market with the largest share in 2014
On the basis of crop type, the agricultural chelates market is led by the cereals & grains segment followed by the fruits & vegetables segment. The oilseeds & pulses segment is projected to grow at the highest CAGR from 2015 to 2020. The importance of oilseeds & pulses is increasing as they are cash crops which generate considerable revenue for the manufacturers. Cereals & grains, such as rice, wheat, and corn, are grown abundantly in many regions and the rise in the global population has led to the increase in its demand. Several cereal growers have adopted the liquid fertilizer technology in order to achieve higher crop yield. For instance, Australia uses the fluid planting technology to achieve higher crop yield. Through this technology, agricultural chelates are mixed with metal nutrients, such as iron, zinc, and copper, to achieve increased crop productivity.
China contributed to the largest market share in the Asia-Pacific region
The Asia-Pacific region is projected to grow at the highest CAGR during the forecast period. This region has a large market for agricultural chelates and is continuously increasing due to economic growth, high demand for food, and the use of modern agricultural practices. Moreover, the government is taking substantial efforts in the improvement of agricultural techniques and technology.