Q. Agricultural Chelates Market Growth & Forecast Analysis | 2022-2028?
Agricultural Chelates Market Growth & Forecast Analysis | 2022-2028?
The report on the Agricultural Chelates Market published by Stratview Research covers in-depth details associated with the Agricultural Chelates Market. This report is Segmented by Type (EDTA, EDDHA, DTPA, IDHA, and Others), by Micronutrient Type (Iron, Manganese, and Others), by End-Use Type (Agriculture, Indoor Farming), by Application Type (Soil Application, Seed Dressing, Foliar Sprays, Fertigation, and Others), by Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Other Crop Types), by Region (North America, Europe, Asia-Pacific, and Rest of the World).
The report states that the agricultural chelates market was estimated at USD 1.01 billion in 2021 and is likely to grow at a CAGR of 7.68% during 2022-2028 to reach USD 1.7 billion in 2028.
The major factors contributing to the growing demand for agricultural chelates are the increasing usage of high-value crops and the reduction in the arable land.
Agricultural chelates have a variety of applications in soil, foliar, and fertigation. They play an important role in agriculture, as they maximize the yield and improve the quality of agricultural products. Foliar sprays are commonly used to apply metal chelates as micronutrient fertilizers to provide plants with iron, copper, manganese, and zinc. The most commonly used chelates in agriculture are EDTA, EDDHA, and DTPA.