Agricultural Chelates Market - By Type (EDTA, DTPA, EDDHA, IDHA), By Crop Type (Cereals & Grains, Fruits & Vegetables, Oilseeds & Pulses), By Mode of Application (Foliar Spray, Soil Treatment, Fertigation, Seed Treatment), By End-Use & Forecast, 2024 - 20

Agricultural Chelates Market - By Type (EDTA, DTPA, EDDHA, IDHA), By Crop Type (Cereals & Grains, Fruits & Vegetables, Oilseeds & Pulses), By Mode of Application (Foliar Spray, Soil Treatment, Fertigation, Seed Treatment), By End-Use & Forecast, 2024 - 2032

Agricultural chelates market is anticipated to grow at a CAGR of around 4.7% between 2024 and 2032, driven by the increasing demand for high-quality crops. Chelates, which are chemical compounds that bind with essential nutrients, help in enhancing nutrient absorption by plants. Farmers are increasingly adopting agricultural chelates to improve the availability and uptake of micronutrients such as iron, zinc, and manganese by crops, leading to better yields and improved overall crop health.

Moreover, as agricultural practices evolve towards more sustainable and eco-friendly approaches, chelates are gaining prominence for their ability to minimize nutrient runoff and soil contamination. In August 2023, Baramati Agro Ltd. launched the new Actosol Black Range to embrace sustainable agriculture in India. Farmers and agribusinesses are realizing the long-term benefits of using chelates in precision agriculture, leading to increased product demand.

Agricultural chelates industry is classified based on type, crop type, mode of application, end-use, and region.

Fruits & vegetables segment is anticipated to witness substantial growth through 2032, favored by consumers' increasing awareness of their nutritional value. Agricultural chelates help in enhancing nutrient absorption by these crops, leading to improved yield, quality, and nutritional content. As health-conscious consumers increasingly prioritize a diet rich in fruits and vegetables, growers are turning to agricultural chelates.

Floriculture segment is anticipated to witness substantial growth through 2032, driven by the focus on cultivating flowers and other ornamental plants. Agricultural chelates help in ensuring vibrant colors, prolonged shelf life, and overall improved aesthetic appeal. With the escalating global demand for cut flowers, floriculture is adopting agricultural chelates to enhance nutrient efficiency.

Europe agricultural chelates industry share will grow significantly between 2024 and 2032, attributed to increasing emphasis on sustainable farming practices. The stringent regulatory framework in Europe, promoting eco-friendly agriculture, further accelerates the product adoption as a strategic tool for efficient nutrient management. Additionally, the region's commitment to precision farming and the demand for locally sourced produce contribute to the rising popularity of chelates in European agriculture.