Global Metal Chelates Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report - Segmented By Type (Primary Nutrients, Secondary Nutrients, Micronutrients And Other Nutrients), Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables And Other Crops), Mode Of Application (Soil, Foliar, Fertigation And Others), And Region (North America, Europe, APAC, Latin America, Middle East And Africa) – Industry Analysis From 2024 To 2029

Updated On: January, 2024
ID: 2216
Pages: 175

Global Metal Chelates Market Size (2024 to 2029)

As per our analysis report, the global Ultra Pasteurized Cream Market is expected to reach USD 879.35 million by 2029 from USD 581.85 million in 2024, growing at a compound annual growth rate (CAGR) of 8.61 % during the forecast timeline.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.

Global 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.

REPORT COVERAGE: 

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

CAGR

8.61%

Segments Covered

By Type, Crop Type, Mode Of Application and Region

Various Analyses Covered

Global, Regional and Country Level Analysis; Segment-Level Analysis; DROC; PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

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 and Others.

 

This research report on the global metal chelates market has been segmented and sub-segmented based on type, crop type, mode of application, and region.                         

Global Metal Chelates Market – By Type:

  • primary nutrients
  • secondary nutrients
  • micronutrients
  • other nutrients

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

Global 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.

Global 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.

Global 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 MARKET PLAYERS:

Major key players in the global metal chelates market are  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.

 

 

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Frequently Asked Questions

1. What is driving the growth of the metal chelates market?

The increasing demand for high-quality crops and improved agricultural productivity is a significant factor driving the growth of the metal chelates market. Metal chelates are widely used in agriculture to enhance nutrient uptake by plants, thereby improving crop yield and quality.

2. What are the emerging trends in the metal chelates market?

One emerging trend in the metal chelates market is the increasing use of micronutrient-enriched fertilizers to address nutrient deficiencies in soil. Moreover, the development of environment-friendly and bio-based chelating agents is gaining traction among manufacturers and farmers.

3. How intense is the competition in the metal chelates market?

  1. The metal chelates market is highly competitive, with several key players vying for market share. Companies are focusing on strategic initiatives such as mergers and acquisitions, product launches, and partnerships to strengthen their market position and expand their product portfolios.

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