Global Agricultural Chelates Market Size By Type (EDTA, EDDHA), By Application (Fruits and vegetables, Oilseeds & pulses), By Region, And Segment Forecasts, 2023 to 2032

The Global Agricultural Chelates Market was valued at USD 2.1 billion in 2023 and is projected to reach USD 3.9 billion by 2031, growing at a CAGR of 7.8% during the forecast period (2023–2031). This growth is driven by the increasing demand for high-quality crops, advancements in agricultural practices, and the rising use of chelates to improve nutrient uptake in plants. Agricultural chelates are essential for addressing micronutrient deficiencies in soil, enhancing plant health, and boosting agricultural productivity.

Drivers:

Rising Need for High Crop Yields: The global population growth and increasing food demand are encouraging the use of advanced agricultural inputs, including chelates, to ensure optimal crop yield.

Advancements in Precision Agriculture: The adoption of precision farming techniques is increasing the use of chelates to manage soil micronutrient levels efficiently.

Growing Awareness of Soil Health: Farmers are increasingly recognizing the benefits of chelates in addressing soil nutrient deficiencies and enhancing crop quality.

Restraints:

High Costs of Chelates: The relatively higher costs of chelated fertilizers compared to conventional fertilizers pose challenges, especially in price-sensitive markets.

Limited Awareness in Emerging Economies: In some developing regions, the lack of awareness about the benefits of chelates limits their adoption.

Opportunity:

Emerging Markets in Asia-Pacific and Africa: Rapid agricultural development in these regions presents significant growth potential for chelates.

Organic Chelates Gaining Popularity: The increasing demand for sustainable and organic farming solutions is boosting the development and adoption of biodegradable chelates.

Market by System Type Insights:

The EDTA chelates segment held the largest market share in 2023, driven by its widespread use in traditional farming practices. However, the DTPA chelates segment is expected to grow at the highest rate due to its superior efficiency in nutrient delivery and compatibility with modern farming technologies.

Market by End-use Insights:

The Cereal and Grains segment dominated the market in 2023, accounting for more than 40% of the revenue share. The segment's growth is attributed to the large-scale cultivation of cereals and the high demand for micronutrient-rich crops. The Fruits and Vegetables segment is anticipated to witness significant growth, fueled by the increasing global consumption of fresh produce.

Market by Regional Insights:

North America led the market in 2023, driven by advanced agricultural practices and high awareness among farmers. However, the Asia-Pacific region is poised to register the highest growth rate during the forecast period, supported by the rapid adoption of modern farming technologies and the expansion of the agricultural sector in countries like China and India.

Competitive Scenario:

Key players in the Global Agricultural Chelates Market include:

BASF SE

Akzo Nobel N.V.

Syngenta AG

Nouryon

Haifa Chemicals Ltd.

Nufarm Ltd.

Van Iperen International

Valagro S.p.A.

These companies are focusing on product innovation, strategic partnerships, and expanding their presence in emerging markets to strengthen their market position.

Scope of Work – Global Agricultural Chelates Market

Key Market Developments:

2023: BASF SE introduced a new line of organic chelates tailored for organic farming practices, enhancing nutrient availability in sustainable farming systems.

2024: Akzo Nobel N.V. partnered with a leading agricultural research institute to develop innovative chelate solutions for soil micronutrient deficiencies.

2025: Syngenta AG launched its micronutrient-enriched chelates for hydroponic farming, targeting urban agriculture markets.

FAQs:

What is the current market size of the Global Agricultural Chelates Market?

The market size was USD 2.1 billion in 2023.

What is the major growth driver of the Global Agricultural Chelates Market?

The major driver is the rising need for high crop yields driven by global population growth and food demand.

Which is the largest region during the forecast period in the Global Agricultural Chelates Market?

North America is the largest region, while Asia-Pacific is expected to witness the highest growth.

Which segment accounted for the largest market share in the Global Agricultural Chelates Market?

The EDTA Chelates segment held the largest market share in 2023.

Who are the key market players in the Global Agricultural Chelates Market?

Key players include BASF SE, Akzo Nobel N.V., Syngenta AG, and Haifa Chemicals Ltd.