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Manoj Kumar is a postgraduate in Life Sciences with over seven years of dedicated experience in the fields of anima.....
Chelated Micronutrients Market: By Nutrient, By Form, By Crop Type, By Application, and Geography
Chelated Micronutrients Market size was valued at US$ 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.
Study Period
2024 - 2030Base Year
2023CAGR
8.5%Largest Market
Asia PacificFastest Growing Market
Asia Pacific
The global population is steadily increasing, creating a constant need for higher food production. Chelated micronutrients play a crucial role in optimizing crop yields by ensuring plants have access to essential micronutrients for healthy growth. Also, the intensive agricultural practices and soil erosion can deplete vital micronutrients from the soil. Chelated micronutrients offer a targeted solution to replenish these deficiencies and improve overall soil health. Unlike traditional fertilizers, chelated micronutrients are bound to chelating agents, which protect them from being immobilized in the soil. This ensures efficient delivery of essential micronutrients directly to the plant roots, maximizing uptake and utilization. Moreover, chelated micronutrients can be applied directly to foliage (foliar application) or incorporated into soil (soil application) depending on the specific needs of the crop and soil conditions. This targeted approach minimizes wastage and optimizes nutrient delivery which in turn propels the chelated micronutrients market.
Report Benchmarks |
Details |
Report Study Period |
2024 - 2030 |
Market Size in 2023 |
US$ 1,167.1 million |
Market CAGR |
8.5% |
By Type |
|
By Form |
|
By Application |
|
By Nutrient |
|
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The Asia Pacific is the fastest growing region in the chelated micronutrients market.
The Asia Pacific is dominating the chelated micronutrients market.
The leading players in the chelated micronutrients market are Akzo Nobel N.V., Aries Agro Limited, BASF SE, Deretil Agronutritional, Haifa Chemicals Ltd., Nouryon, Nufarm Limited, Protex International, Valagro SPA, and Van Iperen International.
Historic years considered for the market study are 2019 to 2022, 2023 is considered as the base year for market estimation and the forecast presented from 2024 to 2030.
1.Executive Summary |
2.Global Chelated Micronutrients Market Introduction |
2.1.Global Chelated Micronutrients Market - Taxonomy |
2.2.Global Chelated Micronutrients Market - Definitions |
2.2.1.Nutrient |
2.2.2.Application |
2.2.3.Form |
2.2.4.Type |
2.2.5.Region |
3.Global Chelated Micronutrients Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4.Global Chelated Micronutrients Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5.Global Chelated Micronutrients Market By Nutrient, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
5.1. Zinc |
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Manganese |
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Copper |
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. Iron |
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
5.5. Boron |
5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.5.3. Market Opportunity Analysis |
5.6. Molybdenum |
5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.6.3. Market Opportunity Analysis |
5.7. Others |
5.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.7.3. Market Opportunity Analysis |
6.Global Chelated Micronutrients Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
6.1. Foliar |
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Soil |
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Starter fertilizers |
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. Others |
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
7.Global Chelated Micronutrients Market By Form , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
7.1. EDTA-Chelated |
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. DTPA-Chelated |
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. HEDTA-Chelated |
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Others |
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
8.Global Chelated Micronutrients Market By Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
8.1. Grains & Cereals |
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Pulses & Oilseeds |
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Vegetables & Fruits |
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Turf & Ornaments |
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Others |
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
9.Global Chelated Micronutrients Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
9.1. North America |
9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.1.3. Market Opportunity Analysis |
9.2. Europe |
9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.2.3. Market Opportunity Analysis |
9.3. Asia Pacific (APAC) |
9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.3.3. Market Opportunity Analysis |
9.4. Middle East and Africa (MEA) |
9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.4.3. Market Opportunity Analysis |
9.5. Latin America |
9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.5.3. Market Opportunity Analysis |
10.North America Chelated Micronutrients Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
10.1. Nutrient Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Zinc |
10.1.2.Manganese |
10.1.3.Copper |
10.1.4.Iron |
10.1.5.Boron |
10.1.6.Molybdenum |
10.1.7.Others |
10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Foliar |
10.2.2.Soil |
10.2.3.Starter fertilizers |
10.2.4.Others |
10.3. Form Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.EDTA-Chelated |
10.3.2.DTPA-Chelated |
10.3.3.HEDTA-Chelated |
10.3.4.Others |
10.4. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.4.1.Grains & Cereals |
10.4.2.Pulses & Oilseeds |
10.4.3.Vegetables & Fruits |
10.4.4.Turf & Ornaments |
10.4.5.Others |
10.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.5.1.United States of America (USA) |
10.5.2.Canada |
11.Europe Chelated Micronutrients Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
11.1. Nutrient Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Zinc |
11.1.2.Manganese |
11.1.3.Copper |
11.1.4.Iron |
11.1.5.Boron |
11.1.6.Molybdenum |
11.1.7.Others |
11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Foliar |
11.2.2.Soil |
11.2.3.Starter fertilizers |
11.2.4.Others |
11.3. Form Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.EDTA-Chelated |
11.3.2.DTPA-Chelated |
11.3.3.HEDTA-Chelated |
11.3.4.Others |
11.4. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.4.1.Grains & Cereals |
11.4.2.Pulses & Oilseeds |
11.4.3.Vegetables & Fruits |
11.4.4.Turf & Ornaments |
11.4.5.Others |
11.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.5.1.Germany |
11.5.2.France |
11.5.3.Italy |
11.5.4.United Kingdom (UK) |
11.5.5.Spain |
12.Asia Pacific (APAC) Chelated Micronutrients Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
12.1. Nutrient Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Zinc |
12.1.2.Manganese |
12.1.3.Copper |
12.1.4.Iron |
12.1.5.Boron |
12.1.6.Molybdenum |
12.1.7.Others |
12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Foliar |
12.2.2.Soil |
12.2.3.Starter fertilizers |
12.2.4.Others |
12.3. Form Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.EDTA-Chelated |
12.3.2.DTPA-Chelated |
12.3.3.HEDTA-Chelated |
12.3.4.Others |
12.4. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.4.1.Grains & Cereals |
12.4.2.Pulses & Oilseeds |
12.4.3.Vegetables & Fruits |
12.4.4.Turf & Ornaments |
12.4.5.Others |
12.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.5.1.China |
12.5.2.India |
12.5.3.Australia and New Zealand (ANZ) |
12.5.4.Japan |
12.5.5.Rest of APAC |
13.Middle East and Africa (MEA) Chelated Micronutrients Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
13.1. Nutrient Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.1.1.Zinc |
13.1.2.Manganese |
13.1.3.Copper |
13.1.4.Iron |
13.1.5.Boron |
13.1.6.Molybdenum |
13.1.7.Others |
13.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.2.1.Foliar |
13.2.2.Soil |
13.2.3.Starter fertilizers |
13.2.4.Others |
13.3. Form Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.3.1.EDTA-Chelated |
13.3.2.DTPA-Chelated |
13.3.3.HEDTA-Chelated |
13.3.4.Others |
13.4. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.4.1.Grains & Cereals |
13.4.2.Pulses & Oilseeds |
13.4.3.Vegetables & Fruits |
13.4.4.Turf & Ornaments |
13.4.5.Others |
13.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.5.1.GCC Countries |
13.5.2.South Africa |
13.5.3.Rest of MEA |
14.Latin America Chelated Micronutrients Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
14.1. Nutrient Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.1.1.Zinc |
14.1.2.Manganese |
14.1.3.Copper |
14.1.4.Iron |
14.1.5.Boron |
14.1.6.Molybdenum |
14.1.7.Others |
14.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.2.1.Foliar |
14.2.2.Soil |
14.2.3.Starter fertilizers |
14.2.4.Others |
14.3. Form Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.3.1.EDTA-Chelated |
14.3.2.DTPA-Chelated |
14.3.3.HEDTA-Chelated |
14.3.4.Others |
14.4. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.4.1.Grains & Cereals |
14.4.2.Pulses & Oilseeds |
14.4.3.Vegetables & Fruits |
14.4.4.Turf & Ornaments |
14.4.5.Others |
14.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.5.1.Brazil |
14.5.2.Mexico |
14.5.3.Rest of LA |
15. Competition Landscape |
15.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
15.2.1.Akzo Nobel N.V. |
15.2.2.Aries Agro Limited |
15.2.3.BASF SE |
15.2.4.Deretil Agronutritional |
15.2.5.Haifa Chemicals Ltd. |
15.2.6.Nouryon |
15.2.7.Nufarm Limited |
15.2.8.Protex International |
15.2.9.Valagro SPA |
15.2.10.Van Iperen International |
16. Research Methodology |
17. Appendix and Abbreviations |
Key Market Players