Chelate Fertilizer Market - Forecast(2023 - 2028)

Report Code: CMR 75822 Report Format: PDF + Excel

Chelate Fertilizer Market Overview

The Chelate Fertilizer Market size is forecast to reach US$2.3 billion by 2027, after growing at a CAGR of 7.5% during 2022-2027. Chelate fertilizer is an organic element that helps to keep micronutrients from being oxidized or precipitated by other ions. The chelated fertilizer improves the bioavailability of micronutrients such as ethylenediaminetetraacetate, and diethylenetriamine pentaacetate and in turn contributes to the productivity and profitability of commercial crop production than regular micronutrients. According to the Fertilizer Europe Fact & Figure 2021, global nutrients fertilizer production is around 254.1 million tonnes in 2019 with 59% production is of nitrogen fertilizers, 25% is of potash and 16% is of phosphate production. Therefore, the growing demand for fertilizer for agriculture applications will boost the demand for global chelate fertilizer during the forecast period.

COVID-19 Impact

The Covid-19 pandemic has been a major challenge for the Chelate Fertilizer Market owing to directly affecting the manufacturer's supply chain across the globe and shutting down the production facilities to minimize the risk of virus spread. The major sectors such as agriculture, forestry, and others have been highly impacted. Due to the social distancing policy, most of the farmers were not able to do farming due to a lack of seeds, labor, and others. According to National Bank for Agriculture and Rural Development, due to restrictions imposed on the movement of men/material and the closure of shops, the availability of agriculture inputs like seeds have been declined by 9.2%, fertilizers by 11.2%, pesticides by 9.8%, fodder by 10.8%. As the pandemic affected the markets in each country, the strengths and weaknesses of the agriculture sector in each country will shape future outcomes. The initiation taken by the government and private sector will help to recover the Chelate Fertilizer Market during the forecast period.

Report Coverage

The report: “Chelate Fertilizer Market Report – Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the global chelate fertilizer industry.

By Type: Amino Acid Chelates, Ethylene Diamine Tetra-Acetic Acid (EDTA) Chelates, Imino-disuccinate(IDHA) Chelates, Diethylenetriamine Pentaascetic acid (DTPA) Chelates, Ethylenediaminedi (O-Hydroxyphenylacetic) Acid (EDDHA) Chelates, Others
By Application: Foliar Spray, Soil Application, Fertigation, Seed Treatment, and Others
By End-Use Industry: Agriculture (Cereals and Grains, Fruits and Vegetable, Oilseeds and Pulses, and Others), Indoor Farming, Forestry, and Others
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, Italy, France, Netherlands, Belgium, Spain, Russia, and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, and New Zeeland, Indonesia, Taiwan, Malaysia, and Rest of APAC), and Rest of the World: The Middle East (Saudi Arabia, UAE, Israel, Rest of the Middle East) and Africa (South Africa, Nigeria, Rest of Africa)

Key Takeaways

  • The Asia Pacific is expected to register a CAGR of 8.2% during the forecast period (2022-2027). The increasing demand from the agriculture sector, among Asian countries such as China, India, Japan, and South Korea is driving the market for the Chelate Fertilizer Market.
  • Growing demand for micronutrients for the increase in the production of agricultural products like fruits & vegetables, cereals & pulses, oilseeds, and others will boost the demand for the Chelate Fertilizer Market during the forecast period.
  • Robust demand for foliar spray applications of chelated materials like Ethylene Diamine Tetra-Acetic Acid (EDTA) and others to maintain correct levels of metal ions that are critical in flowering and seed filling will increase the demand for the Chelate Fertilizer Market.

Figure: Asia Pacific Chelate Fertilizer Market Revenue, 2021-2027 (US$ Billion)


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Chelate Fertilizer Market Segment Analysis – By Type

The amino acid chelates segment accounted for approximately 13% of the market share in 2020 and is estimated to grow at a significant CAGR during the forecast period. The amino acid chelates are a specific form of nutrient that helps the plants to transport ions like potassium and calcium across the cell membrane. The amino acid chelates segment is widely used in agriculture to promote root growth, increase fruit setting rate, enhance plant stress resistance ability, and correct micronutrient deficiency. According to India Brand Equity Foundation, the government of India has set a target to increase agriculture production by 3.9% in 2022. Therefore, the rise in agriculture production will eventually help in boosting the growth of the Chelate Fertilizer Market during the forecast period.

Chelate Fertilizer Market Segment Analysis – By Application

The foliar spray segment accounted for approximately 26% of the market share in 2020 and is estimated to grow at a significant CAGR during the forecast period. The Foliar Spray is widely used on the foliage of plants and in the event of a micronutrient lockout issue in the plant to prevent the plant from pests and disease. According to Statistics Canada, the fruit production market is valued at US$1.2 billion with an increase of 0.9% and vegetable production amounted to US$ 1.4 billion with an increment of 4% in 2021 as compared to 2020. Therefore, the growing demand for foliar spray in agriculture is boosting the growth of the Chelate Fertilizer Market during the forecast period.

Chelate Fertilizer Market Segment Analysis - By End-Use Industry

The agricultural segment accounted for approximately 86% of the market share in 2021 and is estimated to grow at a significant CAGR during the forecast period. The chelate fertilizer is widely used to stimulate the growth of a crop. A micronutrient chelate is used in farming to correct any deficiency of a specific element in crops. The most popular elements used are iron, manganese, zinc, and copper, and these chelates are applied using fertigation or foliar spray. According to the United States Department of Agriculture, corn production has increased by 12% in the cultivation area of 84.0 million acres, and soybean production up by 25% in an area of 83.0 million acres in 2020 as compared to 2019. Therefore, the growing agriculture production will help to increase the demand for foliar spray segment as it helps to increase the agricultural output by strengthening plants towards insecticides and pesticides. This will eventually drive the demand for the Chelate Fertilizer Market during the forecast period.

Chelate Fertilizer Market Segment Analysis - By Geography

Asia Pacific region held the largest share in the Chelate Fertilizer Market in 2021 up to 37%, owing to the growing agriculture production as agriculture is one of the prime occupations in developing countries like China, India, Indonesia, and others. The chelate fertilizer helps to improve the bioavailability of micronutrients such as iron, copper, manganese, and zinc, and in turn, contributes to the productivity and profitability of the commercial crop. According to OECD-FAO Agricultural Outlook, Asia Pacific is the largest producer of agricultural commodities and is estimated to register 51% of the global agriculture share by 2029. China is continuously working towards advanced technology in agricultural production and 80% of agriculture is done by smart technology by smallholder farmers. The demand for agrochemicals is increasing due to the high yield driving the Chelate Fertilizer Market in this region.

Chelate Fertilizer Market Drivers:

Growing demand for Chelate Fertilizer to improve the production

The growing demand for chelate fertilizer products to improve crop production in the agriculture sector is driving the Chelate Fertilizer Market. Chelate fertilizer product acts as the best micronutrient to plant to form a metal complex with a micronutrient ion in soil solution and approaches a root hair. In turn, the chelated micronutrient near the root hair releases the nutrient to the root hair and improves the health of a plant. According to OECD-FAO Agricultural Outlook 2021–2030, about 17% of cereal production is traded internationally, with shares for single commodities ranging from 9% for rice to 25% for wheat. The share of total cereals is projected to increase to 18% by 2030, largely due to increased trade in rice globally. Also, the production of oilseeds is projected to increase by 1.3% per annum over the next decade. Therefore, the growing production of the agriculture sector will be driving the Chelate Fertilizer Market during the forecast period.

Increase in Adoption of Precision-Farming Technology

Precision farming is generally defined as an information and technology-based farm management system to analyze, identify, and manage field activity by minimizing the production costs and increasing profits. Rapid socio-economic changes in some developing countries are creating new scopes for the application of precision agriculture. The concept of precision farming is strictly based on the Global Positioning System (GPS), which was initially developed by U.S defense scientists. Precision agriculture helps in the application of precise and correct amounts of inputs like water, fertilizers, pesticides, etc. at the correct time to the crop for increasing its productivity and maximizing its yields. For instance, the United Nations Development Programme is working towards the strategic plan 2022-25 that envisages digitalization as an enabler for maximizing agriculture output. This will eventually will drive the demand for the Chelate Fertilizer Market to boost the agriculture output.

Chelate Fertilizer Market Challenges:

Excessive exposure to Chelate Fertilizer Affects Human Health

Excessive exposure to chelate fertilizer can be toxic to human health when metal like lead, mercury, iron, and arsenic goes into the body and build up over there. These require medical treatment to remove all the metal from the body. This will affect the growth of the Chelate Fertilizer Market. Also, the volatile price of raw materials like calcium, phosphorus, zinc, and others will eventually hinder the growth of the Chelate Fertilizer Market during the forecast period. Moreover, the lack of awareness of the chelate fertilizer product among a specific section of the population is hampering the market growth during the forecast period.

Global Chelate Fertilizer Industry Outlook.

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Chelate Fertilizer Market. Global Chelate Fertilizer's top 10 companies include

  1. Aries Agro Limited
  2. BASF SE
  3. Dow Chemical Company
  4. Haifa Chemicals Ltd.
  5. Nufarm Limited
  6. Akzo Nobel N.V.
  7. Protex International
  8. Syngenta AG
  9. Valagro SPA
  10. Van Iperen International

Relevant Reports

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1. Chelate Fertilizer Market- Market Overview
    1.1 Definitions and Scope 
2. Chelate Fertilizer Market- Executive Summary
    2.1 Key Trends by Type
    2.2 Key Trends by Application
    2.3 Key Trends by End-use Industry
    2.4 Key Trends by Geography
3. Chelate Fertilizer Market– Comparative analysis 
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Chelate Fertilizer Market - Startup Companies Scenario Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Chelate Fertilizer Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Chelate Fertilizer Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes 
7. Chelate Fertilizer Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Chelate Fertilizer Market – By Type (Market Size -US$ Million/Billion)
    8.1 Amino Acid Chelates
    8.2 Ethylene Diamine Tetra-Acetic Acid (EDTA)Chelates
    8.3 Imino-disuccinate(IDHA) Chelates
    8.4 Diethylenetriamine Pentaascetic acid (DTPA) Chelates
    8.5 Ethylenediaminedi (O-Hydroxyphenylacetic) Acid (EDDHA) Chelates
    8.6 Others
9. Chelate Fertilizer Market – By Application (Market Size -US$ Million/Billion)
    9.1 Foilers Spray 
    9.2 Soil Application
    9.3 Fertigation
    9.4 Seed Treatment
    9.5 Others
10. Chelate Fertilizer Market – By End-Use Industry (Market Size -US$ Million/Billion)
    10.1 Agriculture
        10.1.1 Cereals and Grains
        10.1.2 Fruits and Vegetables
        10.1.3 Oilseeds and Pulses
        10.1.4 Others
    10.2 Indoor Farming 
    10.3 Forestry
    10.4 Others 
11. Chelate Fertilizer Market - By Geography (Market Size -US$ Million/Billion)
    11.1 North America
        11.1.1 USA
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 UK
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Netherlands
        11.2.6 Spain
        11.2.7 Russia
        11.2.8 Belgium
        11.2.9 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 India
        11.3.4 South Korea
        11.3.5 Australia and New Zealand
        11.3.6 Indonesia
        11.3.7 Taiwan
        11.3.8 Malaysia
        11.3.9 Rest of APAC
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Colombia
        11.4.4 Chile
        11.4.5 Rest of South America
    11.5 Rest of the World
        11.5.1 Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2 UAE
            11.5.1.3 Israel
            11.5.1.4 Rest of the Middle East
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Nigeria
            11.5.2.3 Rest of Africa
12. Chelate Fertilizer Market– Entropy
    12.1 New Product Launches
    12.2 M&As, Collaborations, JVs and Partnerships
13. Chelate Fertilizer Market – Industry/Segment Competition Landscape Premium
    13.1 Company Benchmarking – Major Companies
    13.2 Market Share at Global Level - Major companies
    13.3 Market Share by Key Region - Major companies
    13.4 Market Share by Key Country - Major companies
    13.5 Market Share by Key Application - Major companies
    13.6 Market Share by Key Product Type/Product category - Major companies
14. Chelate Fertilizer Market – Key Company List by Country Premium Premium
15. Chelate Fertilizer Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10  Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"    

LIST OF TABLES

1.Global Chelate Fertilizer Market, by Type Market 2019-2024 ($M)
2.Global Chelate Fertilizer Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
3.Global Chelate Fertilizer Market, by Type Market 2019-2024 (Volume/Units)
4.Global Chelate Fertilizer Market Analysis and Forecast by Type and Application Market 2019-2024 (Volume/Units)
5.North America Chelate Fertilizer Market, by Type Market 2019-2024 ($M)
6.North America Chelate Fertilizer Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
7.South America Chelate Fertilizer Market, by Type Market 2019-2024 ($M)
8.South America Chelate Fertilizer Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
9.Europe Chelate Fertilizer Market, by Type Market 2019-2024 ($M)
10.Europe Chelate Fertilizer Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
11.APAC Chelate Fertilizer Market, by Type Market 2019-2024 ($M)
12.APAC Chelate Fertilizer Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
13.MENA Chelate Fertilizer Market, by Type Market 2019-2024 ($M)
14.MENA Chelate Fertilizer Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)

LIST OF FIGURES

1.US Global Chelate Fertilizer Market Revenue, 2019-2024 ($M)
2.Canada Global Chelate Fertilizer Market Revenue, 2019-2024 ($M)
3.Mexico Global Chelate Fertilizer Market Revenue, 2019-2024 ($M)
4.Brazil Global Chelate Fertilizer Market Revenue, 2019-2024 ($M)
5.Argentina Global Chelate Fertilizer Market Revenue, 2019-2024 ($M)
6.Peru Global Chelate Fertilizer Market Revenue, 2019-2024 ($M)
7.Colombia Global Chelate Fertilizer Market Revenue, 2019-2024 ($M)
8.Chile Global Chelate Fertilizer Market Revenue, 2019-2024 ($M)
9.Rest of South America Global Chelate Fertilizer Market Revenue, 2019-2024 ($M)
10.UK Global Chelate Fertilizer Market Revenue, 2019-2024 ($M)
11.Germany Global Chelate Fertilizer Market Revenue, 2019-2024 ($M)
12.France Global Chelate Fertilizer Market Revenue, 2019-2024 ($M)
13.Italy Global Chelate Fertilizer Market Revenue, 2019-2024 ($M)
14.Spain Global Chelate Fertilizer Market Revenue, 2019-2024 ($M)
15.Rest of Europe Global Chelate Fertilizer Market Revenue, 2019-2024 ($M)
16.China Global Chelate Fertilizer Market Revenue, 2019-2024 ($M)
17.India Global Chelate Fertilizer Market Revenue, 2019-2024 ($M)
18.Japan Global Chelate Fertilizer Market Revenue, 2019-2024 ($M)
19.South Korea Global Chelate Fertilizer Market Revenue, 2019-2024 ($M)
20.South Africa Global Chelate Fertilizer Market Revenue, 2019-2024 ($M)
21.North America Global Chelate Fertilizer Industry By Application
22.South America Global Chelate Fertilizer Industry By Application
23.Europe Global Chelate Fertilizer Industry By Application
24.APAC Global Chelate Fertilizer Industry By Application
25.MENA Global Chelate Fertilizer Industry By Application