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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Chelate Fertilizer Market Outlook
The global chelate fertilizer market is expected to grow at a CAGR of about 6.5% in the forecast period of 2024-2032.
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The Asia Pacific Dominated the Chelate Fertilizer Industry in the Historical Period
The global market for chelate fertilizers was led by the Asia Pacific region. Within the region, China, India, and Australia are some of the significant countries. Due to the region's rising population, the market in the Asia Pacific is expected to witness a further growth in the forecast period. China is expected to account for a significant market share in the Asia Pacific region. During the forecast period, Australia is also expected to witness a healthy growth. Due to rapid population growth and the increasing food demand, farmers have been forced to grow crops with higher yields, thus, increasing the demand for chelates in the region.
Chelate Fertilizer: Industry Definition and Segmentations
Chelated micronutrients are fertilizers in which a larger molecule called a ligand or chelator surrounds the micronutrient ion (for example, Fe or iron). Natural or synthetic substances may be used as ligands. A chelated micronutrient is formed when these compounds are mixed with a micronutrient. In certain conditions, chelated micronutrients are shielded from oxidation, precipitation, and immobilisation.
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The market can be differentiated on the basis of type into:
- EDTA
- EDDHA
- DTPA
- IDHA
- Others
By micronutrient, the market can be classified into:
- Iron
- Zinc
- Manganese
- Copper
- Others
The different applications of chelate fertilizer are as follows:
- Soil
- Foliar
- Fertigation
- Others
The market can be differentiated by crop type into:
- Field Crops
- Horticultural Crops
- Plantation
- Turf and Ornamentals
- Others
The regional markets for chelate fertilizer can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Increasing Demand for Agro-Products Bolstering the Market Growth
Because of the rise in population and decline in arable land, there has been an increase in demand for agricultural products. Farmers are now experimenting with new inputs to boost crop yields while also improving efficiency to satisfy the demands of an increasing population and the food processing industry. Some of the other factors driving the market growth include an increase in demand for high-value crops and the growing adoption of modern agricultural practices. The growing demand for high-value crops such as gourmet mushrooms, lavender, and garlic is driving the global chelate fertilizer industry.
Key Industry Players in the Global Chelate Fertilizer Market
The report gives a detailed analysis of the following key players in the global chelate fertilizer market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Yara International ASA
- Valagro S.p.A.
- Deretil Agronutritional
- Haifa Group
- Van Iperen International
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Micronutrient |
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| Breakup by Application |
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| Breakup by Crop Type |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is projected to grow at a CAGR of 6.5% between 2024 and 2032.
The major drivers of the market include rapidly rising populations, high demand for agricultural products, and decreasing arable land.
The growing demand for high-value crops such as gourmet mushrooms, lavender, and garlic and the rising micronutrient deficiency in the soil are expected to be the key trends of the market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The various types of chelate fertilizer available are EDTA, EDDHA, DTPA, and IDHA, among others.
Chelate fertilizer has micronutrients such as iron, zinc, manganese, and copper, amongst others.
Chelate fertilizer can have different applications like soil, foliar, and fertigation, amongst others.
The different crop types are field crops, horticultural crops, plantation, and turf and ornamentals, among others.
The key players in the global chelate fertilizer market are Yara International ASA, Valagro S.p.A., Deretil Agronutritional, Haifa Group, and Van Iperen International, among others.
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