IMARC Group, a leading market research company, has recently releases report titled “Agricultural Chelates Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global agricultural chelates market size, growth, share, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Industry Overview of Agricultural Chelates
Agricultural chelates are specialized formulations used for delivering essential micronutrients to plants. They are organic compounds that act as carriers for micronutrients, which help to improve their availability and uptake by plants. They comprise ethylenediaminetetraacetic acid (EDTA), diethylenetriaminepentaacetic acid (DTPA), and citric acid that can be formulated with micronutrients, such as iron (Fe), manganese (Mn), zinc (Zn), copper (Cu), and others. Agricultural chelates are available in diverse forms, including liquid solutions, soluble powders, or granules. They aid in reducing the growth of plant pathogens by minimizing the available iron.
How Big Is the Agricultural Chelates Market?
The global agricultural chelates market size reached US$ 665.8 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 989.7 Million by 2028, exhibiting a growth rate (CAGR) of 6.58% during 2023-2028.
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What are the growth prospects and trends in the agricultural chelates industry?
The increasing demand for high quality crops with improved growth and yield represents one of the primary factors driving the need for agricultural chelates around the world. Moreover, the rising use of agricultural chelates to enhance micronutrient utilization and provide plants with vital nutrients necessary for optimal crop growth and development is favoring the growth of the market.
In addition, the growing awareness about the benefits of agricultural chelates, including effectiveness, ease of use, and environment friendly, is influencing the market positively.
Apart from this, measures undertaken by governments of numerous countries to promote the adoption of sustainable agriculture practices and minimize carbon footprint due to the rising environmental concerns are propelling the growth of the market.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
Breakup by Crop Type:
- Grains and Cereals
- Pulses and Oilseeds
- Commercial Crops
- Fruits and Vegetables
- Turf and Ornamentals
Market Breakup by Application:
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
Akzo Nobel N.V., Aries Agro Ltd, BASF SE, Dow Inc., Haifa Negev Technologies Ltd., Mitsubishi Chemical Corporation, Nouryon, Nufarm Limited, Protex International SA, The Andersons Inc., Valagro (Syngenta AG), Van Iperen International B.V. and Yara International ASA.
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