The chelate fertilizer global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Chelate Fertilizer Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The chelate fertilizer market size has grown rapidly in recent years. It will grow from $3.07 billion in 2023 to $3.38 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to increasing agricultural productivity, rising awareness about soil health, growing demand for high-quality crops, expansion of agricultural land, and increasing use of high-value crops.
The chelate fertilizer market size is expected to see rapid growth in the next few years. It will grow to $5.00 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%. The growth in the forecast period can be attributed to the growing global population, increasing demand for food security, rising awareness of sustainable farming practices, and increasing investment in agricultural research and development. Major trends in the forecast period include the development of slow-release fertilizer formulations, expansion of online distribution channels, advancement in precision nutrient management, use of data analytics in fertilizer application, and development of customized fertilizer solutions.
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Scope Of Chelate Fertilizer Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Chelate Fertilizer Market Overview
Market Drivers –
The rising global population and food demand are expected to propel the growth of the chelate fertilizer market going forward. The rising global population drives increased food demand as more people require sustenance for survival. Chelate fertilizers enhance crop yield and quality, helping to meet the increasing food demand driven by a growing global population. For instance, in August 2024, according to the Department for Environmental Food and Rural Affairs, a UK-based governmental department, the agri-food chain contributed $188.64 billion (£147.8 billion), or 6.5%, to the national gross value added in 2022, while the food chain’s gross value added (excluding agriculture and fishing) was $169.62 billion (£132.9 billion), reflecting a 15.4% increase from the previous year. Additionally, in January 2024, according to the United States Census Bureau, a U.S.-based government agency, the global population is projected to reach 8.019 billion, an increase of 0.075 billion (0.95%) from the previous year. Therefore, the rising global population and food demand will propel the growth of the chelate fertilizer market.
Market Trends –
Major companies operating in the chelate fertilizer market are focusing on developing innovative biodegradable chelating agents, to deliver micronutrients efficiently while minimizing environmental impact. A biodegradable chelating agent refers to a compound that binds metal ions and breaks down naturally in the environment, reducing ecological impact. For instance, in August 2022, Innospec, a U.S.-based chemical company, launched ENVIOMET C, a new biodegradable chelating agent, to provide effective chelation while promoting environmental sustainability. This innovative product excels at chelating transition metals even in the presence of calcium and magnesium, making it ideal for applications such as stain removal, peracetic acid stabilization, and protection of dyes and fabrics. Its readiness to biodegrade meets the increasing demand for eco-friendly solutions in the chemical industry and enhances the performance of cleaning and agricultural formulations by effectively binding with transition metals.
The chelate fertilizer market covered in this report is segmented –
1) By Type: Amino Acid Chelates, Ethylene Diamine Tetra-Acetic Acid (EDTA) Chelates, Imino Disuccinate (IDHA) Chelates, Diethylenetriamine Pentaacetic Acid (DTPA) Chelates, Ethylenediaminedi (O-Hydroxyphenylacetic) Acid (EDDHA) Chelates, Other Types
2) By Micronutrient: Iron, Zinc, Manganese, Copper, Other Micronutrients
3) By Application: Foliar Spray, Soil Application, Fertigation, Seed Treatment, Other Applications
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Regional Insights –
Asia-Pacific was the largest region in the chelate fertilizer market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the chelate fertilizer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the chelate fertilizer market are BASF SE, Nutrien Ltd., Syngenta AG, Yara International, The Mosaic Company, Andersons Plant Nutrient Group, Akzo Nobel NV, ICL Specialty Fertilizers, Nouryon, Nufarm Limited, Nippon Soda Co. Ltd., Haifa Chemicals Ltd, Compo Expert, Valagro SpA, Rizobacter SA, Aries Agro Limited, LidoChem Inc., ATP Nutrition Ltd., Van Iperen International, Protex International, BMS Micro-Nutrients, Manvert, Humintech GmbH, Aqua Yields
Table of Contents
1. Executive Summary
2. Chelate Fertilizer Market Report Structure
3. Chelate Fertilizer Market Trends And Strategies
4. Chelate Fertilizer Market – Macro Economic Scenario
5. Global Chelate Fertilizer Market Size and Growth
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32. Global Chelate Fertilizer Market Competitive Benchmarking
33. Global Chelate Fertilizer Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Chelate Fertilizer Market
35. Chelate Fertilizer Market Future Outlook and Potential Analysis
36. Appendix
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