Chelated Micronutrients Market: By Nutrient (Zinc, Manganese, Copper, Iron, Boron, Molybdenum, and Others), By Form (EDTA-Chelated, DTPA-Chelated, HEDTA-Chelated, and Others), By Crop Type (Grains & Cereals, Pulses & Oilseeds, Vegetables & Fruits, Turf & Ornaments, and Others), By Application (Foliar, Soil, Starter fertilizers, and Others), and Geography

Chelated Micronutrients Market size was valued at USD 1,167.1 million in 2023 and is poised to grow at a CAGR of 8.5% from 2024 to 2030. The Chelated Micronutrients Market is experiencing a significant surge, driven by the need for efficient and targeted solutions to address micronutrient deficiencies in crops. Chelated micronutrients offer a more efficient way to address micronutrient deficiencies compared to traditional fertilizers. This can lead to reduced overall fertilizer usage, minimizing potential environmental pollution associated with excess fertilizer runoff. Also, by promoting optimal plant growth and root development, chelated micronutrients can contribute to improved soil health in the long run. This creates a more sustainable agricultural system. Moreover, the growing adoption of precision agriculture practices emphasizes collecting data on soil conditions and crop health. Chelated micronutrients provide a targeted solution for addressing specific micronutrient deficiencies identified through precision agriculture methods.

Also, the rising demand for high-value crops like fruits, vegetables, and nuts necessitates the use of efficient fertilizers. Chelated micronutrients cater to these crops' specific micronutrient needs, improving their quality, yield, and overall marketability. In some countries, stricter regulations are being imposed on the use of traditional fertilizers due to environmental concerns. This can incentivize the adoption of more targeted and efficient fertilizer solutions like chelated micronutrients. Furthermore, several governments are actively promoting the use of chelated micronutrients through subsidies and extension programs. This government support can encourage farmers to adopt these innovative solutions and improve agricultural productivity. However, convincing farmers of the long-term benefits and potential return on investment associated with chelated micronutrients can be challenging. Educating farmers about the improved crop yields, quality, and soil health benefits is crucial.

Chelated Micronutrients Market Key Developments:

• In July 2019, BASF developed biodegradable chelates, “Trilon M Max EcoBalanced”, first renewable based “Trilon M” grade produced according to the biomass balance approach.
• In 2018, BRANDT, introduced fresh micronutrient formulations, Brandt Smart Quatro Plus.