According to the report by Expert Market Research (EMR), the global chelate fertilizer market is projected to grow at a CAGR of 6.5% between 2024 and 2032. Aided by the increasing demand for high-efficiency fertilizers and the growing emphasis on sustainable agricultural practices, the market is expected to grow significantly by 2032.
Chelate fertilizers, essential in modern agriculture, play a critical role in enhancing nutrient uptake by plants. These fertilizers involve chelating agents that bind with micronutrients, making them more soluble and easily absorbed by plants. This efficiency is crucial in preventing nutrient wastage and addressing soil deficiencies, thereby supporting healthy crop growth.
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Several factors are driving the chelate fertilizer market growth. Increasing global food demand necessitates enhanced crop yields, which chelate fertilizers can facilitate by ensuring efficient nutrient utilisation. Furthermore, the growing awareness of the adverse effects of traditional chemical fertilizers on soil health has led to a shift towards chelate fertilisers, known for their environmentally friendly profile.
The advancements in agricultural practices and the adoption of precision farming techniques are also significant contributors. These methods often incorporate chelate fertilisers for their ability to provide specific nutrients in controlled amounts, optimising crop health and yield.
The chelate fertilizer market varies across regions. North America and Europe account for a significant portion of the chelate fertilizer market share, attributed to their advanced agricultural practices and higher adoption of sustainable farming methods. However, Asia Pacific is expected to witness significant growth due to increasing agricultural activities and the rising need for high-efficiency fertilizers in populous countries like China and India.
Innovations in chelate fertiliser formulations and the development of customised products to suit specific crop needs are key trends. Manufacturers are focusing on creating environmentally friendly, biodegradable chelating agents to align with global sustainability goals.
Looking forward, the market is poised for continued growth, with opportunities in developing sustainable and efficient fertilizer solutions. The trend towards organic farming and the need for precision agriculture are expected to influence the chelate fertilizer market outlook.
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The global market is on a path of significant growth, driven by the increasing demand for efficient and environmentally friendly fertilization methods. While challenges such as cost and awareness persist, the market’s potential remains substantial, with opportunities for innovation and expansion in the coming years. The continued evolution of the market will play a crucial role in modern agriculture, supporting sustainable practices and enhanced crop yields.
Chelate Fertilizer Market Segmentation
The market can be divided based on type, micronutrient, application, crop type, and region.
Market Breakup by Type
- EDTA
- EDDHA
- DTPA
- IDHA
- Others
Market Breakup by Micronutrient
- Iron
- Zinc
- Manganese
- Copper
- Others
Market Breakup by Application
- Soil
- Foliar
- Fertigation
- Others
Market Breakup by Crop Type
- Field Crops
- Horticultural Crops
- Plantation
- Turf and Ornamentals
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global chelate fertilizer market. Some of the major players explored in the report by Expert Market Research are as follows:
- Yara International ASA
- Valagro S.p.A
- Deretil Agronutritional
- Haifa Group
- Van Iperen International
- Others
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