Chelates Market
The global Chelates market was valued at USD 0.72 billion in 2023 and is projected to grow at a CAGR of 6.45% over the forecast period, reaching USD 1.12 billion by 2030. This report provides a detailed analysis of the market dynamics, trends, and competitive landscape.
Chelates Market Overview
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “ Chelates Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the Chelates market,with forecasts outspreading to the year 2030.
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Market Dynamics
Drivers
Agricultural Advancements: Chelates enhance the performance of agricultural fertilizers, improving crop yield and efficiency. The increasing use of micronutrient fertilizers like iron, zinc, copper, and manganese chelates is driving market growth.
Government Initiatives: Programs like India's PM-KISAN are boosting the agricultural sector, subsequently increasing the demand for agricultural chelates.
Rising Food Demand: The global need for food production is increasing, driving the adoption of chelates to enhance crop yields and nutritional quality.
Chelates Market Segmentation :
Ethylenediamine Tetraacetic Acid (EDTA), Diethylenetriamine Pentaacetic Acid or Pentetic Acid (DTPA), Ethylenediamine-N, N'- Bis (2-Hydroxyphenylacetic Acid) (EDDHA), and Others are the segments of the chelates market based on type. During the projected period, the EDTA agricultural chelates segment is expected to experience the highest compound annual growth rate. The elements that are responsible for the high plant absorption of micronutrients and their potent binding capacity when combined with vital micronutrients such as iron (Fe), zinc (Zn), copper (Cu), and manganese (Mn) enhance crop development, which in turn accelerates the market for this particular segment.
In 2023, the Europe region accounted for 30% of the market share, the biggest share. Spain and the Netherlands have a larger farmed area, including nurseries, as a result of the rising demand from European nations. These countries also have trade demands for a variety of harvests, including oilseeds, fruits, grains, and pulses. The type of soil, which varies from place to place, has a significant impact on crop growth. The market for agricultural chelates is expected to rise as a result of the lack of micronutrients in soils found in Europe.
Chelates Market Key Players :
Aries Agro Ltd.
BASF SE
Greensmiths, Inc.
Haifa Chemicals
Nufarm Ltd
Syngenta AG
The Andersons, Inc.
The Dow Chemical Company
Wilbur-Ellis Company Inc
Nouryon, Valagro SPA
Yara International Asa
BMS Micro-Nutrients.
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Part 01: Executive Summary
Part 02: Scope of the Chelates Market Report
Part 03: Chelates Market Landscape
Part 04: Chelates Market Sizing
Part 05: Chelates Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Key questions answered in the Chelates Market are:
- Which is the fastest growing region in the Chelates Market?
- What is the growth rate of the Chelates Market?
- What are the upcoming opportunities and trends for the Chelates Market?
- What segments are covered in the Chelates Market?
- What are the recent industry treACnds that can be implemented to generate additional revenue streams for the Chelates Market?
- Which are the factors expected to drive the Chelates Market growth?
- What is the CAGR at which the Chelates market will grow during the forecast period?
- What are the different segments of the Chelates Market?
- What is Chelates ?
- What growth strategies are the players considering to increase their presence in Chelates ?
- Who are the leading companies and what are their portfolios in Chelates Market?
- Who are the key players in the Chelates market?
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