Chelated Micronutrients Market 2024-2033 | Size, Growth Trends, Analysis,Overview

The chelated micronutrients market size has grown strongly in recent years. It will grow from $1.13 billion in 2023 to $1.24 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to increasing need for water treatment, rising demand from chemical manufacturing industries, need to comply with environmental and safety regulations, global focus on energy efficiency.

The chelated micronutrients market size is expected to see strong growth in the next few years. It will grow to $1.69 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to growing focus on esg (environmental, social, and governance) practices, rising investments in renewable energy, expansion of industrial infrastructure, oil and gas exploration and production, shift towards industry 4.0 practices.. Major trends in the forecast period include integration of ai and machine learning, focus on sustainability and social responsibility, increasing adoption of cloud-based solutions, increased collaboration and integration, rising adoption in the financial services industry, increasing focus on customer behavior and preferences.

Market Overview -
Chelated micronutrients are essential minerals that are chemically bound to organic molecules, such as amino acids, to create a complex that plants can easily absorb. These are commonly used in agriculture to improve plant growth and crop yields, as they enhance nutrient uptake, stability, and effectiveness.

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Chelated Micronutrients Market Thrives As Consumer Demand For Nutrient-Rich Foods Surges
The growing consumer demand for nutrient-rich foods is expected to propel the growth of the chelated micronutrient market going forward. Nutrient-rich foods refer to foods that provide substantial amounts of vitamins, minerals, and other nutrients with relatively few calories. Chelated micronutrients are commonly used in nutrient-rich foods to increase the absorption of micronutrients, making them more effective in promoting health benefits and addressing deficiencies. For instance, in February 2023, according to Statistics Canada, a Canada-based government agency, fruit and vegetable farm-gate sales rose 13.1% in 2022 to $3.0 billion compared with 2021. Therefore, growing consumer demand for nutrient-rich foods is driving the growth of the chelated micronutrient market.

Competitive Landscape -
Major companies operating in the chelated micronutrients market report are BASF SE, Dow Inc., Bayer AG, CHS Inc., Mitsubishi Chemical Corporation, Syngenta International AG, Yara International ASA, Sumitomo Chemical Co. Ltd., Monsanto Company, E. I. DUPONT DE NEMOURS AND COMPANY, Akzo Nobel N.V., Nouryon Specialty Chemicals B.V., ADAMA Agricultural Solutions Ltd., Nufarm Limited, Innospec Inc., Auriga Industries A/S, Brandt Consolidated Inc., Stoller Inc., COMPO EXPERT GmbH, Haifa Negev Technologies Ltd., Verdesian Life Sciences LLC, Aries Agro Limited, Deretil Agronutritional SLU, Grow More Inc., Protex International SA, Baicor LLC, ATP Nutrition Ltd., Ava Chemicals Private Limited, Chittari Agricare Pvt. Ltd., Napnutriscience, Shandong Iro Chelating Chemical Co. Ltd.

Hello Nature Bioscience Revolutionizes Agriculture With Green Chelation Technology Introducing Biochelation For Sustainable Micronutrient Supply
Major companies operating in the chelated micronutrients market are focusing on developing innovative technology, such as green chelation technology, to supply micronutrients to plants. For instance, in 2021, Green chelation technology refers to a set of environmentally friendly practices that use chelation to achieve various goals, primarily in industrial and environmental applications. Hello Nature Bioscience, a US-based, leading company in the research and production of sustainable solutions in agriculture, launched the concept of green chelation technology, Biochelation. This technology is a 100% natural, sustainable, and environmentally friendly approach to chelation based on vegetal peptides. The technology is used to supply micronutrients in biochelated form to the plant in order to optimize their absorption and, at the same time, boost plant metabolism. Key + Technology introduces a new range of products called KeyLAN, which is designed to revolutionize the market for chelated micronutrients.

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Key Segments -

The chelated micronutrients market covered in this report is segmented -

1) By Nutrient: Zinc, Manganese, Copper, Boron, Molybdenum, Iron, Other Nutrients
2) By Form: Dry, Liquid, Other Forms
3) By Crop Type: Grains And Cereals, Pulses And Oilseeds, Commercial Crops, Fruits And Vegetables, Turf And Ornamentals
4) By Application: Soil, Foliar, Fertigation, Other Applications

Key highlights covered in the report -

1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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