Chelated Micronutrient Fertilizer Market

Chelated Micronutrient Fertilizer Market Outlook (2024 to 2034)

The Global Chelated Micronutrient Fertilizer Market was valued at US$ 1,584.4 million in 2024 and has been forecast to expand at a CAGR of 8.6% to reach US$ 3,619.6 million by 2034.

Chelated micronutrients are nutrient molecules attached to a protein in such a structure that enables better resorption and consumption by plants and animals. The potential to deliver much-needed nutrients-iron, zinc, copper-more efficiently and effectively for improved health and growth means that chelated micronutrients have become key markets for use in agricultural applications like fertilizers, animal feed, and food supplements.

The top 10 companies operating in this sector account for 63.6% of the total Chelated micronutrients market.

• Nouryon with its acquisition of ADOB Fertilizers for US$ 320 Mn in Poland, has expanded its product offering of chelated micronutrients, foliar, and other specialty fertilizers for customers further strengthening its position.
• Acquisition of Agronord by Yara International is aimed at enhancing Yara's chelated micronutrient product offerings and market reach in the specialty fertilizers segment. The products offered by the companies on the research level have a 14-25% yield in rice, onion, and lemon.
• The zinc-chelated micronutrient in the nutrient type segment constitutes 34.4% of the market share, valued at US$ 544.5 Mn in 2024 is estimated to grow at a CAGR of 8.8% to reach US$ 1,263.3 Mn.
• In the end-use segment, it is widely used in cereal and grain crops. Grains are commonly cultivated for large yields and quick development, which can result in nutritional shortages. Chelated micronutrients assist in guaranteeing that grains have enough nutrients for proper growth and development, resulting in higher quality and shelf life. Cereal output growing at a CAGR of 2.35% to reach a record high of 3.05 billion metric tons in 2022. This rise will be directly proportional to the increased usage of chelated micronutrients, which will be valued at US$1,403.4 million by 2034.

Report Attributes	Details
Chelated Micronutrient Fertilizer market (2023A)	US$ 1.48 Billion
Estimated Market Value (2024E)	US$ 1.58 Billion
Forecasted Market Value (2034F)	US$ 3.61 Billion
Global Market Growth Rate (2024 to 2034)	~ 8.6% CAGR
East Asia Market Share (2024)	~ 27.8%
China Market Growth Rate (2024 to 2034)	8.4% CAGR
Key Companies Profiled	BASF; Bayer AG; Aries Agro Limited; Dow; Deepak Fertilizers; Yara International; JR Simplot Company; Nouryon; Deretil Agronutritional SL; Coromandel International; Helena Agri-Enterprises, LLC; Nufarm Limited; Haifa Group; Balchem; Van Iperen; Other Prominent Players.

Historic Analysis (2019 to 2023) and Future (2024 to 2034) Pathway Analysis for the Chelated Micronutrient Fertilizer Market

The steady growth in the chelated micronutrient market over the previous five years increases the awareness of the chelated micronutrient fertilizer. The rising adoption of sustainable agricultural practices and increasing awareness about the need for balanced crop nutrition will drive demand during this period. The global market was valued at US$ 1.17 billion in 2019. It continued upward the growth rate of 8.6%.

• Short Term (2024 to 2028): Chelated micronutrient fertilizers will see high growth in demand shortly, as factors associated with this include extensive adoption of improved farming practices and better awareness amongst farmers about the importance of crop nutrition. Government initiatives to adopt sustainable agricultural practices, coupled with the struggle to alleviate micronutrient deficiencies in crops, ensure a demand for chelated micronutrients. Product innovation and the development of more efficient chelating agents have been ongoing during this period.
• Medium-term estimate (2028 to 2030): The growth surge is likely to further increase the chelated micronutrient fertilizer market by emphasizing sustainable agriculture. With subsequent next-generation technologies like IoT- and AI-based precision farming, better integration will occur in the target delivery of the chelated micronutrients for wider diffusion. The near future calls for organic and eco-friendly agricultural inputs. There will be enhanced woes for food security and quality that are going to increase demand for chelated micronutrient fertilizers.
• Long-Term (2030 to 2034): Further disruption in the chelated micronutrient fertilizer market over the long term will result from the circular economy and the development of innovative green chelating agents. It aims to incorporate sustainable agriculture practices with the development of precision farming technologies in the backdrop of an ever-growing global concern for food security and mitigating climate change. During this period into the future, collaborative roles between market players, academia, and policymakers will be influential in the use of chelated micronutrients.

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Market Dynamics

What are the Key Factors Driving the Growth of the Chelated Micronutrient Fertilizer Market?

“Growing Demand for Sustainable Farming Practices”

The global market for chelated micronutrient fertilizer is highly influenced by the demand for sustainable farming practices that have been increasing over the years. As consumers gain insight into the environmental impacts of the methods applied in agriculture production, notable changes are observed in the adoption of eco-friendly farming methods which highly prioritize soil health and conservation of resources. Farmers are using chelated micronutrients in fertilization regimes, which enhances fertility in the soil and optimizes crop yields while reducing chemical inputs that can potentially harm the environment. All this aligns well with sustainable agriculture.

“Shift from Reactive to Proactive Crop Management”

This shift in crop management from reactive to proactive is a key growth driver for the chelated micronutrient fertilizer industry. Farmers typically take a reactive response to crop nutrient deficits, which often results in lower yields and crop quality. Nevertheless, with a growing emphasis on precision agriculture and data-driven decision-making, crop management is turning towards being more proactive.

This means testing the soil for its health, nutritional value of crops, and other environmental conditions so that applications of fertilizer do not result in nutrient deficiencies. Chelated micronutrient fertilizers benefit from this trend since they offer a specific, more effective way of delivering important micronutrients.

By formulating chelated micronutrients into their fertilizer programs, farmers can increase crop yield and bring farming closer to sustainability. So, with the growth of activism and data-driven farming practices within crop management, the demand for chelated micronutrient fertilizers also increases.

What are the Primary Hurdles to Widespread Adoption of Chelated Micronutrients Fertilizers?

"Inadequate Education and Training on Chelated Micronutrient Use"

Even with the ever-growing benefits of chelated micronutrients, poor education, and training on application and usage remain huge barriers to full adoption. The vast majority of farmers and agriculture professionals still don't grasp the science behind chelation, nor do they realize how to effectively incorporate it into fertilizer programs featuring chelated micronutrients. This can result in the wrong application rate and timing and insufficient nutrient uptake that makes chelated micronutrients ineffective.

There is one problem with the chelated micronutrient fertilizer, from wide formulation ranges to the application process that can add confusion. This will be achieved by overcoming the barriers through education and training by the stakeholders of this industry on the knowledge and skills that farmers have to acquire to adopt and integrate chelated micronutrients into their operations. This will include workshops, online materials, and on-farm demonstrations emphasizing the advantages of using chelated micronutrients and how best to apply them. This process of educating the users of chelated micronutrient fertilizer is the main hurdle for the manufacturers.

Country-wise Insights

Why is the United States a Prominent Market for Chelated Micronutrients Fertilizers?

“Factors Contributing to U.S. Strong Position in Chelated Micronutrient Fertilizer Market”

The U.S. which holds the majority of shares accounts for 50.6% of the North American region. The U.S. chelated micronutrient market is experiencing growth at a CAGR of 8.4% and is expected to reach a valuation of US$ 259.3 Mn.

The major chelated micronutrient fertilizer market is the United States of America, and there are several compelling reasons for this. Its agriculture sector represents over a trillion dollars every year to the economy and employs over 11 million people, thus making this market one of the leading.

The U.S. is one of the key producers of some important crops like corn, soybeans, and wheat. Hence, with the growing interest among farmers, chelated micronutrient fertilizers are highly effective in improving nutrient uptake and act as an environmentally friendly fertilizer.

It is in the U.S. where some of the leading universities and research institutions are situated, which immensely enhance agricultural innovation by investing heavily in research and development that has often led to the invention of quality fertilizers. Moreover, government policies promoting sustainable agriculture even encourage an enabling environment for investment in research and development.

Category-wise Insights

“Maximizing Crop Yield and Nutrient Value with Chelated Micronutrient Fertilizer”

Zinc deficiency is a widespread issue in agriculture, affecting crop yield and nutritional quality. It is particularly prevalent in soils that are alkaline, sandy or have high phosphorus levels, which can limit zinc availability to plants. The symptoms of zinc deficiency in crops can include stunted growth, chlorosis (yellowing of leaves), and poor fruit development, which ultimately lead to reduced agricultural productivity.

Zinc is used extensively in the majority of crops as a chelated micronutrient such as wheat, rice, maize, soybeans, lentils, where zinc is vital for root development and overall health. With 37% of Indian soils affected by zinc deficiency in 2024 which raised by 2% compared to what it was in 2020.

With 37% of Indian soils afflicted by zinc deficiency in 2024, the figure has increased by 2% from 2020. To address the growing nutrient shortfall in soil, chelated zinc micronutrients are chosen over conventional zinc due to their enhanced absorption, increased stability, lower toxicity, and improved plant growth further driving the market growth.

Industry Competition

The chelated micronutrient fertilizer market is very competitive, with many people competing to hold a portion of the market. There exist many established companies and new entrants characterized by the presence of a wide range of products and services to serve the varied requirements of farmers and agricultural industries.

Key companies that operate in the market include BASF, Syngenta, and Yara. They are very dominant in the marketplace, with product diversification to make them more unique. These firms have put enormous effort into research and development to better position themselves with enhanced product offerings and keep pace with their competitors.

Another area of development has been the use of nanotechnology in chelated micronutrient fertilizers. Nanoparticles enhance the absorption and uptake of micronutrients by crops, thus improving yields while reducing environmental impact. A growing interest has recently been placed on developing environmentally friendly and sustainable chelated micronutrient fertilizers made from renewable sources and easily degradable.

• In 2023, JR Simplot Company launched chelated micronutrient solutions to improve crop health. It has also invested in digital agriculture technologies, introducing innovative precision farming equipment to improve fertilizer application efficiency.
• In May 2023, Nouryon opened a new R&D facility to focus on revolutionary crop nutrition solutions. This R&D center intends to accelerate the development of enhanced micronutrient solutions that increase crop quality and health, bolstering the company's position as a market leader in specialty chemicals.

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Segmentation of Chelated Micronutrient Fertilizer

• By Form :

  • Solid
  • Liquid

• By Nutrient Type :

  • Zn
  • B
  • Cu
  • Fe
  • Ca
  • S
  • Mn
  • Mg
  • Others(Mo,Na,Ni,CI)

• By Applications :

  • Soil
  • Foliar
  • Fertigation
  • Seed treatment
  • Others

• By End Use :

  • Fruits
  • Vegetables
  • Oilseeds & Pulses
  • Cereal & Grains
  • Others

• By Region :

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa