GLOBAL AGRICULTURAL CHELATES MARKET TO GROW WITH INCREASING FOOD DEMAND

The global agricultural chelates market is market shows a mid-level of fragmentation with BASF SE, Yara International and The Dow Chemical Company operating as leading players. Key players of the market are competing against each other without losing grip over the market. The strong competition of the market is anticipated to have a positive impact on the market, as this is likely to make manufacturers to focus on innovation and adopt technological advancement.

Wilmington, February 25, 2020: Axiom Market Research & Consulting(TM) added a report on global agricultural chelates market which includes study on various types of agricultural chelates, its application on various crop types across several countries of key regions around the world. The global market is estimated and forecasted in terms of revenue (USD billion) generated by the agricultural chelates market.

The global agricultural chelates market is likely to grow at a CAGR of 6.35% over the forecast period. The growth of the market is attributed to the increasing food demand across the world, shrinking farm land, and increasing incidences nutrition deficiency in soil etc.

EDTA segment is estimated to hold a major share of the global market:

There are a number of commercially available chelating agents, including EDTA, EDDHA, DTPA, IDHA etc which differ considerably in their stability. Each chelate compound delivers a different amount of ion and is effective at different pH levels. The EDTA agricultural chelates type was accounted for the largest market share and it is projected to grow with the highest CAGR of 6.50% from 2020 to 2026.
EDTA chelate isolates metal ions, such as calcium ions and ferrous ions, and forms weak bonds with metal nutrients, such as zinc, iron, and copper.

Fruits & vegetables segment accounted for the largest market share in 2019:

These chelates are used in the cultivation of various crop type including cereals & grains, oilseeds & pulses, fruits & vegetables and others. Micronutrients play an important role in agriculture, as they increase the yield and enhance the quality of agricultural produce. These essential elements are used by plants in very small quantities and they are effectively supplied by complexes containing chelated compounds. Ongoing consumer demand for new fruits and vegetables in developed countries has contributed to an increase in trade volume of fresh produce in developing countries. This, in turn, has promoted the growth of segment and the addition of new products.

Foliar application was most preferred choice among cultivators:

The agricultural chelates finds application into soil, foliar and fertigation. Agriculture chelates play an important role in agriculture, as they upsurge the yield and enhance the quality of agricultural produce. Foliar sprays are widely used to apply chelated micronutrients, especially iron and manganese, for many crops.

Lucrativeness of Europe magnifying for stakeholders:

Based on geography, the global agricultural chelates market is segmented into North America, Europe, Asia Pacific and Rest of the World. Among various key regions, the Europe region dominated the global agricultural chelates market in 2019. In countries such as Spain and the Italy, there has been an increase in area under protected cultivation, including greenhouses, owing to the growing demand from other European countries.

The major players operating in the market include BASF SE (Germany), Yara International (Norway), Syngenta (US), Nufarm Ltd (Australia), Aries Agro Ltd (India), The Andersons, Inc. (US), The Dow Chemical Company (US), Haifa Chemicals Ltd (Israel), ATP nutrition (Canada), Manvert (Spain), Nouryon (Netherlands), BMS-Micronutrients NV (Belgium), Wilbur-Ellis company (US), and Compo Expert GMBH (Germany) among others

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This release was published on openPR.