Agricultural Chelates Market is Forecasted to Reach US$ 1.7 Billion in 2028, Says Stratview Research

The global agricultural chelates market is projected to witness a growth rate of 7.68% annually from 2022 to 2028, with an anticipated size of US$ 1.7 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global agricultural chelates market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2028: US$ 1.7 billion
Growth (CAGR): 7.67% during 2022-2028
Forecast Period: 2022-2028
Trend Period: 2016-2020
Base Year: 2021
Number of Segments Covered: 6
Number of Tables & Graphs: 100+

Segment Insights on the Agricultural Chelates Market:

The global Agricultural Chelates market is segmented based on Type, Micronutrient type, End-Use type, Application type, Crop type, and Region.

Based on 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 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 offer substantial growth opportunities in the market during the forecast period.

To know the most attractive segments, visit:
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Which Region Shows the Most Promising Growth Forecast and Opportunity?

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.

Asia Pacific is also likely to create sizeable opportunities in the coming five years. The region's rapid urbanization and industrialization have led to significant growth in construction activities, both in residential and commercial sectors. This surge in building projects creates a substantial demand for efficient ventilation systems like ERVs to ensure optimal indoor air quality and energy management.

Agricultural Chelates Market Drivers:
Some of the key drivers listed in the report are given below.
• Intensifying soil degradation from continuous cropping requires enhanced nutrient delivery systems that overcome micronutrient tie-up in problem soils with suboptimal pH ranges.
• Precision agriculture adoption accelerates utilization of specialized chelated micronutrient formulations targeting specific crop deficiencies identified through soil and tissue analysis.
• Agricultural water quality deterioration necessitates chelating agents that prevent precipitation of essential nutrients in irrigation systems using hard or alkaline water sources.
• Climate volatility impacts drive demand for stress-mitigating chelated nutrients delivering essential elements during critical growth stages despite suboptimal environmental conditions.
• Sustainable agriculture certifications promote biodegradable chelate adoption as alternatives to persistent synthetic options that can accumulate in soil over multiple applications.

Top Companies in the Agricultural Chelates Market:
Stratview Research has identified the following companies as the top market players.
• Aries Agro Ltd.
• BASF SE
• Greensmiths, Inc.
• Haifa Chemicals
• Nouryon
• Nufarm Ltd
• Syngenta AG
• The Andersons, Inc.
• The Dow Chemical Company
• Wilbur-Ellis Company Inc
Note: The above list does not necessarily include all the top players in the market.

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the Agricultural Chelates Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

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This release was published on openPR.