Asia Pacific is Projected to Grow at the Highest CAGR in Agricultural Chelates Market

The Agricultural Chelates Market size is estimated to be valued at USD 0.9 billion in 2019 and is projected to reach a value of USD 1.5 billion by 2025, recording a CAGR of 7.7% during the forecast period. Factors such as the increasing demand for high-value crops and the increasing number of acquisitions undertaken by companies to cater to the requirements of crop-specific micronutrients based on the soil type and climatic conditions are projected to drive the growth of the market.

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Asia Pacific is projected to grow at the highest CAGR during the forecast period

The majority of the companies are investing in the agricultural chelates market due to the rapid urbanization and demand for high-value cash crops in Asia Pacific. The innovative solutions are being adopted by farmers to sustain agriculture and have created growth opportunities for manufacturers in the agricultural chelates market in these regions. In addition, an increase in the cultivation area equipped with irrigation, precision irrigation technologies, and the growing advancements in farming techniques are factors that are projected to increase the demand for micronutrients, encouraging the growth of the agricultural chelates market.


Europe accounted for the largest share in the market in 2018. In countries such as Spain and the Netherlands, there has been an increase in area under protected cultivation, including greenhouses, due to the increasing demand from other European countries. Many ranges of crops, such as cereals, pulses, fruits, oilseeds, and cash crops, witness export demands in these countries. Soil type varies from region to region and the crop growth is highly dependent on that. Due to the deficiency of micronutrients reported in soils across Europe, the agricultural chelates market is projected to witness a high scope of growth.


Key players in this market include BASF SE (Germany), Nouryon (Netherlands), The Dow Chemical Company (US), Yara International (Norway), and ICL (Germany). Expansions, acquisitions, and agreements & joint ventures were some of the core strengths of the leading players in the agricultural chelates market. These strategies were adopted by the key players to increase their market presence. It also helped them diversify their businesses geographically, strengthen their distribution networks, and enhance their product portfolios.

Some of the other players in the agricultural chelates market include Haifa Chemicals Ltd (Israel), Syngenta (US), Nufarm Ltd (Australia), Aries Agro Ltd (India), The Andersons, Inc. (US), ATP nutrition (Canada), Manvert (Spain), BMS-Micronutrients NV (Belgium), Wilbur-Ellis company (US), Compo Expert GMBH (Germany), Greensmiths, Inc. (US), Agmin Chelates Pty. Ltd (Australia), Van Iperen International (Netherlands), Valagro SpA (Italy), Shandong Iro Chelating Chemical Co., Ltd. (China), Protex International SA (France), and Deretil Agronutritional (Spain).

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