Market Size of Global Metal Chelates Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 10.20 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Metal Chelates Market Analysis
The global metal chelates market is estimated to register a CAGR of 10.2% during the forecast period (2020-2025). Micronutrients are essential irreplaceable nutrients, which play an important role in agriculture, as this helps to increase yield and enhance the quality of products. Plants use these elements in very small quantities and these nutrients are effectively supplied by complexes containing chelated compounds such as EDTA, DTPA, and EDDHA. Micro-nutrients such as iron, manganese, copper, calcium are chelated easily with the metal chelates.
In 2019, the Asia-Pacific region has the highest market value for agriculture chelates due to the increasing demands of micro-nutrients used for organic fruits and vegetables which will drive the metal chelates market during the forecast period.
Metal Chelates Industry Segmentation
| Crop Type | |
| Cereals and Grains | |
| Oil seeds and Pulses | |
| Fruits and Vegetables | |
| Others |
| Product Type | |
| Primary Nutrients | |
| Secondary Nutrients | |
| Micro Nutrients |
| Mode of Applications | |
| Fertigation | |
| Foliar | |
| Soil |
| Geography | ||||||||
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Global Metal Chelates Market Size Summary
The metal chelates market is experiencing significant growth, driven by the increasing demand for micronutrients in agriculture. These chelated compounds, such as EDTA, DTPA, and EDDHA, are crucial for enhancing crop yield and quality by supplying essential nutrients like iron, manganese, copper, and calcium in a bioavailable form. The application of chelated fertilizers is particularly beneficial in regions with poor soil quality or high pH levels, as they improve the nutrient content and profitability of commercial crop production. The Asia-Pacific region is leading the market due to the rising demand for organic produce and increased awareness of nutrient consumption among farmers. This region's dominance is further supported by the growing population, urbanization, and disposable income, which drive the adoption of advanced agricultural practices.
The market is characterized by a competitive landscape with key players such as BASF, Aries Agro, Haifa Group, Valagro, and Yara Limited, who are expanding their presence through strategic partnerships and acquisitions. These companies are focusing on research and development to diversify their product portfolios and enhance their geographical reach. The partnership between BASF Canada and Quadra Chemicals Ltd. exemplifies the strategic collaborations aimed at distributing chelated micronutrient fertilizers. As the global population continues to rise and arable land decreases, the demand for metal chelates is expected to grow, ensuring sufficient nutrient supply to crops and maintaining high-quality produce.
Global Metal Chelates Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Industry Attractiveness - Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Crop Type
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2.1.1 Cereals and Grains
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2.1.2 Oil seeds and Pulses
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2.1.3 Fruits and Vegetables
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2.1.4 Others
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2.2 Product Type
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2.2.1 Primary Nutrients
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2.2.2 Secondary Nutrients
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2.2.3 Micro Nutrients
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2.3 Mode of Applications
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2.3.1 Fertigation
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2.3.2 Foliar
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2.3.3 Soil
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.1.4 Rest of North America
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdom
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2.4.2.3 France
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2.4.2.4 Russia
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2.4.2.5 Spain
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2.4.2.6 Rest of Europe
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2.4.3 Asia Pacific
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2.4.3.1 India
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2.4.3.2 China
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2.4.3.3 Japan
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2.4.3.4 Rest of the Asia-Pacific
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2.4.4 South America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.4.3 Rest of South America
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2.4.5 Africa
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2.4.5.1 South Africa
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2.4.5.2 Rest of Africa
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Global Metal Chelates Market Size FAQs
What is the current Global Metal Chelates Market size?
The Global Metal Chelates Market is projected to register a CAGR of 10.20% during the forecast period (2024-2029)
Who are the key players in Global Metal Chelates Market?
BASF, Aries Agro, Haifa Group, Valagro and Yara Limited are the major companies operating in the Global Metal Chelates Market.
