Metal Chelates Market

Metal Chelates Market Size & Growth:

Metal Chelates Market was worth USD 454.15 million in 2021 and estimated to be growing at a CAGR of 8.61%, to reach USD 686.35 million by 2026.

The Metal Chelates Market is showing evident potential in the mentioned forecasting period. The market continues to gain momentum with the degradation of soil quality and pH levels in the agricultural land around the globe. The market has seen exponential growth recently and is expected to continue with the trend. Chelates refer to the chemical compounds comprising of a metal ion and the chelating agent. A chelating agent is a kind of chemical substance which allows a single metal ion to make several bonds with itself. Metal chelates involve an organic molecule which bonds with a metal cation covalently or ionically. These compounds are also known as a multidentate ligand.

Metal Chelates Market Drivers:

The deterioration of soil quality has led to an increase in the demand for metal chelates around the agricultural sector. Other factors that drive the growth of market include rising demand for higher yield out of crop production, growing awareness about nutrient deficiencies among crops and development in farming practises around emerging markets. On the other hand, the market faces some challenges as well, the major ones being adverse side effects of chelates which are non-biodegradable in nature, as well as the lack of acceptance among farmers about the use of metal chelates.

METAL CHELATES MARKET REPORT COVERAGE:

Metal Chelates Market Segmentation:                         

Metal Chelates Market – By Type:

• primary nutrients

• secondary nutrients
• micronutrients
• other nutrients

The market share is dominated by micronutrients, followed by primary nutrients.

Metal Chelates Market – By Crop Type:

• cereals & grains
• oilseeds & pulses
• fruits & vegetables
• others

The fruits & vegetable segment accounted for the highest market share on the basis of crop type due to the fear of damage because of nutrient deficiency.

Metal Chelates Market – By Mode of Application:

• soil
• foliar
• fertigation
• others

wherein the foliar segment remains the market leader and is expected to show the highest growth as well.

Metal Chelates Market – By Regions:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Metal Chelates market was dominated by Asia-Pacific, with the overall market share of over 36% globally. Asia-Pacific was followed by Europe and North America. The Asia Pacific is predicted to grow at a rapid pace in the coming few years.

Key Players:

Some of the major companies dominating the market, by their products and services include BASF SE, Akzo Nobel N.V., Syngenta AG, Nufarm Limited, Haifa Chemicals Ltd., Aries Agro Limited, Van Iperen International, Valagro SPA, Protex International, Deretil Agronutritional.