Agricultural Chelates Market Growth Accelerates: Strategic Forecast Predicts $1.78 Billion by 2029

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What Will the Agricultural Chelates Industry Market Size Be by 2025?
The market size of agricultural chelates has experienced robust expansion over the recent years. The market is projected to witness growth from $1.22 billion in 2024 to $1.32 billion in 2025, showcasing a compound annual growth rate (CAGR) of 7.6%. The past growth trends can be linked to issues related to soil quality, escalating global population, an upsurge in commercial farming, spreading of precision farming, and amplifying awareness about crop nutrition.

What's the Long-Term Growth Forecast for the Agricultural Chelates Market Size Through 2029?
In the near future, the agricultural chelates market is predicted to experience robust growth, expanding to a market size of "$1.78 billion by 2029 with a compound annual growth rate (CAGR) of 7.8%. The reasons for this anticipated growth during the forecast period include the growth of organic farming, challenges presented by climate change, a concentration on sustainable farming methods, supportive government policies towards precision farming, and an uptick in agtech investments. Major trend patterns for the forecast period comprise advancements in chelate formulation technology, technological progress in the agricultural sector, growing acceptance of precision farming, the augmented use of micronutrients in crop cultivation, and technological improvements in chelate manufacturing.

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What Are the Key Growth Drivers Fueling the Agricultural Chelates Market Expansion?
Projected growth in the agriculture chelates market is likely to be fuelled by increased farm production expenditure. This refers to the combined value of all spendings by farms on inputs and costs linked to agricultural production. Agriculture chelates are chemical components that work to enhance the absorption and availability of key minerals for the plants being grown. As an example, the United States Department of Agriculture, a government agency in the U.S., reports a spend of $195.5 billion by U.S. farms on crop farms in 2022. In conclusion, the burgeoning farm production expenditure has a stimulating effect on the agriculture chelates market.

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What Are the Key Trends Driving Agricultural Chelates Market Growth?
The main trend gaining traction in the agricultural chelates market is product innovation. Leading firms within this market are focusing on creating novel products to solidify their market position. For instance, in August 2022, Innospec Inc, a top polyethylene wax manufacturer based in the US, introduced ENVIOMET C, a green chelating solution for agricultural uses. This product, which degrades naturally, has been designed to meet the needs of customers looking for chelating agents that perform exceptionally yet have a negligible environmental impact.

How Is the Agricultural Chelates Market Segmented?
The agricultural chelates market covered in this report is segmented -

1) By Type: EDTA (Ethylenediaminetetraacetic Acid), EDDHA (Ethylenediamine-N,N′-bis (2-Hydroxyphenylacetic Acid), DTPA (Diethylenetriamine Pentaacetate), IDHA (Imidodisuccinic Acid), Other Types
2) By Crop Type: Cereals And Grains, Oilseeds And Pulses, Fruits And Vegetable, Other Crop Types
3) By Application: Soil, Foliar, Hydroponics, Other Applications

Subsegments:
1) By EDTA (Ethylenediaminetetraacetic Acid): EDTA Calcium, EDTA Magnesium, EDTA Iron, EDTA Zinc
2) By EDDHA (Ethylenediamine-N,N′-bis (2-Hydroxyphenylacetic Acid)): EDDHA Iron, EDDHA Calcium
3) By DTPA (Diethylenetriamine Pentaacetate): DTPA Iron, DTPA Calcium
4) By IDHA (Imidodisuccinic Acid): IDHA Iron, IDHA Calcium
5) By Other Types: Organic Chelates, Synthetic Chelates

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Which Companies Are Leading the Charge in Agricultural Chelates Market Innovation?
Major companies operating in the agricultural chelates market include Yara International ASA, Haifa Group, Nouryon Holding B.V., BASF SE, The Andersons Inc., Dow Inc., Nufarm Limited, ICL Group Ltd., Syngenta Group Co. Ltd., Aries Agro Limited, Akzo Nobel N.V., Valagro S.p.A., Deretil Agronutritional S.L., ATP Nutrition Ltd., Manvert S.L., BMS-Micronutrients NV, Mitsubishi Chemical Corporation, Innospec Inc., Shandong Iro Chelating Chemical Co. Ltd, Ava Chemicals Private Limited, Protex International, Agmin Chelates, COMPO EXPERT GmbH, LidoChem Inc., Andersons Plant Nutrient Group, CHS Inc., Wilbur-Ellis Holdings Inc., Van Iperen International B.V., ADOB Haifa Ltd., Aquapharm Chemical Pvt. Ltd.

Which Regions Are Leading the Global Agricultural Chelates Market in Revenue?
Asia-Pacific was the largest region in the agricultural chelates market in 2024.Europe is expected to be the fastest-growing region in the global agriculture chelates market report during the forecast period. The regions covered in the agricultural chelates market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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