PUBLISHER: QYResearch | PRODUCT CODE: 1286628
PUBLISHER: QYResearch | PRODUCT CODE: 1286628
The global Agricultural Chelates market was valued at US$ 467 million in 2022 and is anticipated to reach US$ 615 million by 2029, witnessing a CAGR of 4.49% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Europe is the largest producer of agricultural chelates, it is valued at $ 280 million in 2022 and to reach $ 359 million by 2029, at a CAGR of 4.0 % during the forecast period of 2023 through 2029.
North American market for Agricultural Chelates is valued at $ 81.3 million in 2022 and to reach $ 104 million by 2029, at a CAGR of 4.0 % during the forecast period of 2023 through 2029.
The major global manufacturers of Agricultural Chelates include: Nouryon (ADOB), BASF, Syngenta (Valagro), Van Iperen International, Deretil Agronutritional, etc. In 2022, the world's top three vendors accounted for approximately 57 % of the revenue.
The global market is dominated by few players from Europe and US, key players include Nouryon (ADOB), BASF, Syngenta (Valagro), Van Iperen International, Deretil Agronutritional, LidoChem, Inc. and CHS Inc, etc. Global top four players hold a share over 67 percent in 2022. In the past few years, the giants continued global deployment, and expanded their market size through expansions, mergers, and acquisitions.
In terms of product type, EDTA chelates is the largest segment, with a share over 49 % in 2020; and in terms of by crop type, Fruits & Vegetables is the largest crop type, with a share about 57 percent. And according to the application method, fertigation is the largest, while foliar sprays grew at the fastest pace in past few years.
Europe is the largest market, with a share about 32%, followed by Asia and North America, with a share of 24 % and 26 %, separately. In next few years, Asia will be the fast-growing market, especially the strong demand from China.
This report aims to provide a comprehensive presentation of the global market for Agricultural Chelates, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Agricultural Chelates.
The Agricultural Chelates market size, estimations, and forecasts are provided in terms of output/shipments (MT) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Agricultural Chelates market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Agricultural Chelates manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.