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The global agricultural chelates market was valued at US$ 614.8 Million in 2021.
We expect the global agricultural chelates market to exhibit a CAGR of 6.85% during 2022-2027.
The rising utilization of agricultural chelates to increase micronutrient efficiency, prevent loss of nutrients through washout, and reduce the growth of plant pathogens, is primarily driving the global agricultural chelates market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in the temporary halt in numerous agricultural practices and shortage of skilled laborers, thereby limiting the demand for agricultural chelates.
Based on the type, the global agricultural chelates market can be segmented into synthetic and organic. Currently, synthetic holds the majority of the total market share.
Based on the crop type, the global agricultural chelates market has been divided into grains and cereals, pulses and oilseeds, commercial crops, fruits and vegetables, and turf and ornamentals. Among these, grains and cereals currently exhibit a clear dominance in the market.
Based on the application, the global agricultural chelates market can be categorized into soil, foliar, fertigation, and others. Currently, foliar accounts for the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global agricultural chelates market include Akzo Nobel N.V., Aries Agro Ltd, BASF SE, Dow Inc., Haifa Negev Technologies Ltd., Mitsubishi Chemical Corporation, Nouryon, Nufarm Limited, Protex International SA, The Andersons Inc., Valagro (Syngenta AG), Van Iperen International B.V., and Yara International ASA.
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