Iron Chelates Market Size, Share, Opportunities, And Trends By Crop Type (Oilseeds and Pulses , Cereals and Grains, Fruits and Vegetables, Others), By Application (Seed Dressing, Soil Application, Fertigation, Foliar Sprays, Others), By Type (EDTA, DPTA, EDDHA, IDHA, Others), And By Geography - Forecasts From 2023 To 2028

Iron chelates are biological trace elements that act as a claw to bind the iron. In this approach, iron is kept in the solution and access to the plant. A plant can only take up nutrients that have been dissolved in water. Chelated iron dosage is always used during fertilization. This is due to the ease with which iron precipitates when in contact with other elements.

Chelated iron is essential for plant development, nitrogen fixation, energy transfer, respiration, and metabolic processes. Therefore, the market expansion will be fueled by rising consumer demand for high-quality crops with better yields as well as rising industry participants' efforts to create new goods. It is anticipated that the demand for high-yield crops would increase owing to population expansion and a lack of available farmland. Growing iron deficiency in plants and soil is also propelling demand for the global market during the forecast period.

However, the rising demand for organic fertilizer along with a lack of knowledge about micronutrient deficiency especially in developing nations is hindering the growth of the global agriculture iron chelates market during the analysis period.

One of the primary factors driving the growth of the global iron chelates market is rising consumer demand for high-quality crops with better yields as well as rising efforts made by market participants to create new goods. The increased demand for high-yield crops was brought on by population growth and a lack of available farmland. According to the United States Department of Agriculture database, there will be almost 2 million farms in the United States in 2019, a decrease of 5,800 farms from 2018. With 897 million acres, the total farmland is down 2 million acres from 2018. According to European Union data, the number of farms in European Union countries is in steep decline. Therefore, high-quality products and high crop yields are becoming more and more important as global population growth reduces the amount of arable land and forces the use of subpar soils for farming.

Sensitive crop species growing in dry and semiarid climates with calcareous soils like in Arizona are especially susceptible to the iron shortage. Iron deficiency is commonly seen in crops like rice, sorghum, peanuts, soybeans, and dry beans are deficient in iron. Fe insufficiency can also develop in corn, wheat, oats, and other minor crops under specific circumstances. Iron shortage Chlorosis is a serious nutritional condition that affects crops and results in significant yield and quality losses as well as reductions in vegetative development. Therefore rising iron deficiency in staple crops like rice, and soybeans are also propelling demand for iron chelates during the analysis period.

Asia Pacific is expected to hold a significant industry share of the global market for iron chelates during the projection period.

Asia Pacific region is anticipated to hold a significant market share in the iron chelates market. The market for Fe chelates is expanding as a result of increased agricultural techniques and rising demand for high-quality goods. The industry's requirement will be supported even more by the direct use of iron micronutrients for the treatment of plant deficiencies. According to UNICEF’s most recent report on food security, a projected 375.8 million people experienced hunger in 2020, approximately 54 million more than in 2019 in the Asia Pacific. More than 1.1 billion people in this region alone lacked access to enough food in 2020, an increase of about 150 million people in just one year. For 1.8 billion people in this region, a healthy diet remains out of reach due to the high expense of balanced food as well as chronically high levels of poverty and economic disparity. As a result, the rising population and food insecurity is driving the growth iron chelates market in the region. Under the Asia Pacific region, the primary market includes India, China,  Japan, South Korea, Taiwan, Indonesia, and Thailand.

Market Developments

• In May 2022, ferric pyrophosphate chelates are carried through a matrix of phospholipids and sucrose esters of fatty acids in the novel oral iron technology known as Sucrosomial® iron. Its shape, known as a Sucrosome®, enables good gastrointestinal tolerability and maximum iron absorption.
• In November 2022, Dutch micronutrient manufacturer DSM developed a database that can spot the micronutrient gaps such as chelated iron in APAC markets and can also help health supplement brands as well as manufacturers to design products.

Iron Chelates Market Scope:

 

Report Metric	Details
Growth Rate	CAGR during the forecast period
Base Year	2021
Forecast Period	2023 – 2028
Forecast Unit (Value)	USD Billion
Segments Covered	Crop Type, Application, Type, and Geography
Regions Covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Companies Covered	BASF SE, Yara International ASA, Dow, Titan Biotech, Nouryon, Global Crop Improvement Company (GCIC), Adobe, Syngenta, Valagro, Global Calcium Pvt Ltd
Customization Scope	Free report customization with purchase

 

Segmentation:

• By  Crop Type
  • Oilseeds and Pulses
  • Cereals and Grains
  • Fruits and Vegetables
  • Others
• By  Application
  • Seed Dressing
  • Soil Application
  • Fertigation
  • Foliar Sprays
  • Others
• By  Type
  • EDTA
  • DPTA
  • EDDHA
  • IDHA
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Others
  • South America
    • Brazil
    • Others
  • Europe
    • Germany
    • UK
    • France
    • Others
  • Middle East and Africa
    • Israel
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Taiwan
    • Thailand
    • Indonesia
    • Others

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Assumptions

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Force Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. GLOBAL IRON CHELATES MARKET, BY CROP TYPE

5.1. Introduction

5.2. Oilseeds & Pulses

5.3. Cereals & Grains

5.4.  Fruits & Vegetables

5.5. Others

6. GLOBAL IRON CHELATES MARKET, BY APPLICATION

6.1. Introduction

6.2. Seed Dressing

6.3. Soil Application

6.4.  Fertigation

6.5. Foliar Sprays

6.6. Others

7. GLOBAL IRON CHELATES MARKET, BY TYPE

7.1. Introduction

7.2. EDTA

7.3. DTPA

7.4.  EDDHA

7.5.  IDHA

7.6.  Others

8. GLOBAL IRON CHELATES MARKET, BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. United States

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1. Brazil

8.3.2. Argentina

8.3.3. Others

8.4. Europe

8.4.1. United Kingdom

8.4.2. Germany

8.4.3. France

8.4.4. Spain

8.4.5. Others

8.5. The Middle East and Africa

8.5.1. Saudi Arabia

8.5.2. UAE

8.5.3. Israel

8.5.4. Others

8.6. Asia Pacific

8.6.1. Japan

8.6.2. China

8.6.3. India

8.6.4. South Korea

8.6.5. Indonesia

8.6.6. Thailand

8.6.7. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Emerging Players and Market Lucrativeness

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Vendor Competitiveness Matrix

10. COMPANY PROFILES

10.1. BASF SE

10.2. Dow

10.3. Valagro

10.4. Titan Biotech

10.5. Nouryon

10.6. Global Crop Improvement Company (Gcic)

10.7. Adobe

10.8. Yara

10.9. Syngenta

10.10. Global Calcium Pvt Ltd.

BASF SE

Yara International ASA,

Dow

Titan Biotech

Nouryon

Global Crop Improvement Company (GCIC)

Adobe

Syngenta

Valagro, 

Global Calcium Pvt Ltd