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Global Agricultural Chelates Market

  • July 2017
  • 201 pages
  • Mordor Intelligence LLP
Report ID: 5023774

Summary

Table of Contents

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Market Insights

Micronutrients play an important role in agriculture for increasing the yield and enhancing the quality of agricultural produce. These essential elements are utilized by plants in very small quantities, and they are effectively supplied by complexes containing chelated compounds that are more stable than the non-chelated metals. EDTA, DTPA, and EDDHA are the most commonly used agricultural chelates. Micronutrients such as iron, zinc, copper, manganese, calcium and magnesium can be chelated easily, while the other nutrients cannot be readily chelated. The market for the use of agricultural chelates was USD XX million in the year 2016 and is expected to reach USD 662.78 million by 2022, at a CAGR of 8% during the forecast period.

Market Dynamics

The factors which drive the market are the increasing demand for good quality and higher crop yields. In addition, removing the micronutrient toxicity due to excess availability of micronutrients and the significant role of chelates in helping the plants in overcoming micronutrient-deficiency, thereby, increasing the profitability by overcoming agricultural economies are other factors that drive this market. Factors such as the high-cost associated with chelating agents and increasing environmental concern over non-biodegradable chelates are major constraints, which are limiting the market growth. With companies laying increasing emphasis on research and product development to produce organic chelates and biodegradable chelates and advantages associated with increasing adoption of hydroponics technology are major opportunities for the agricultural chelates market.

Market Segmentation

The agricultural chelates market is broadly segmented by type into EDTA, EDDHA, DTPA, IDHA and others. The EDTA chelates occupy the largest market share. EDTA is the most extensively used chelating agent in agriculture, and it is present in the market from a long time. The market for EDTA was USD 207.73 million in the year 2015 and is expected to reach USD XX million by 2022, at a CAGR of 6.2%. As per the United States Environmental Protection Agency, the EDTA concentrations in agricultural products should not exceed 5% by weight of a formulated product. By application, the agricultural chelates market is segmented into soil, foliar, hydroponics and others with growth in hydroponics market driving the agricultural chelated market. By application, the market is segmented into crop-based and non-crop-based applications.

By geography, the agricultural chelates market is segmented into North America, Europe, Asia-Pacific, South America and Rest of the World, with Asia-Pacific being the largest user of agricultural chelates. EDTA is the most widely used chelating agent, while organic chelates are gaining increasing importance in the North American agricultural chelates market. With agricultural chelates being widely used in the horticulture industry, the growth of agricultural chelates is expected to be the highest in Mexico, at a CAGR of XX.


Major Companies in the Sector Include:


BASF SE
Deretil Agronutritional
Shandong Iro Chelating Chemicals
Akzo Nobel N.V.
Van Iperen International
Valagro SPA
Dow Chemicals


Recent Industry Insights


The major factor for better profitability and long-term success of companies operating in the chelates market is to improve the crop health and nutrient-efficiency, which is very important for crops. West Central Distribution launched a pure ortho - ortho EDDHA chelating agent named Levesol, which would help in increasing the genetic potential of the seeds by making the nutrients readily available for uptake by the plants. The company is continuously adding new chelating products with enhanced efficiency. With green chemistry gaining prominence in the chemical industry due to environmental sustainability, organic products are being considered more effective and companies such as Agmin Chelates Pty Ltd., are offering customized micronutrient blends with a lignosulfonate chelator. Ultra Chelation technology, a patented technology, was developed by Scott G. Williams, LLC (SGW), a Georgian company. With this technology, chelates find special applications in the golf and turf markets. Products primarily consist of boron, calcium, copper, iron, magnesium, manganese, molybdenum and zinc.

Key Deliverables in the Study

Market analysis for the global agricultural chelates, with region-specific assessments and competition analysis on a global and regional scale.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the global agricultural chelates market on both, global and regional, scales.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries/regions where this industry is growing and also identify the regions that are still untapped.

The report holds importance for the following stakeholders-

Producers and manufacturers.
Enterprises operating in the industry.
Traders and stakeholders operating in the sector.
Investors/research institutions interested in the market.


Customization Options:


Supply chain analysis
Regulatory framework
Trade analysis
Trend analysis

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