A compound known as a metal chelate is one in which a metal ion has multiple sites of binding to an anion. The soil's salt and micronutrient equilibrium is also maintained by them. Chelation, a natural process that prevents absorbed minerals from precipitating, takes place to keep this from happening. Natural chelating agents are organic compounds made by microorganisms and found in the earth. To transport and solubilize nutrients, microorganisms create organic compounds called hydroxamate siderophores. The crop output cannot be accelerated by the mere fact that natural chelating agents exist. The majority of synthetic iron chelates are used to nourish crops that lack iron. Metal Chelate is primarily used as fertilizer in the agricultural sector. In order to promote healthy plant development, they are also added to the soil. EDDHA, EDTA, and DTPA are a few of the most well-liked chelates. The main end-users of agricultural chelates are farming communities, farmers, and crop suppliers. The chelation technique is also utilized in the medical field, in MRI scanners, and in procedures where it is necessary to remove metal from the body.
The global metal chelates market has benefited from the significant advancement of farming techniques for high yield. As micronutrient fertilizers for the uptake of metal ions by different plants, metallic chelates are primarily used in agricultural areas. This is due to the fact that negatively charged hydroxide ions (OH-), such as those produced by the reactions of the metal ions Fe+2, Zn+2, Mn+2, and Cu+2, are readily accessible to plants. To shield the metal ion from the nearby OH- ions, the metal is encapsulated in a metal chelate. Market expansion will result from this. A further factor driving up demand globally is growing awareness of crop nutrient deficiencies and declining soil quality. In addition, factors like the growing use of agricultural chelates to boost crop yield, a lack of micronutrients in the soil, deteriorating soil quality, and shrinking farmland are expected to positively influence the development of the global metal chelates market.
ATTRIBUTE | DETAILS |
Study period | 2020-2029 |
Base year | 2021 |
Estimated year | 2022 |
Forecasted year | 2022-2029 |
Historical period | 2018-2020 |
Unit | Value (USD Million), (Kilotons) |
Segmentation | By Type, By Mode of Application, By Crop Type, By Region |
By Type |
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By Mode of Application |
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By Crop Type |
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By Region |
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The market will not expand as quickly overall due to certain restrictions and difficulties. The effect of non-biodegradable metal chelates is just one of the factors preventing the market from expanding. In low-income regions, it is also predicted that there will be slow development in the Lack of Awareness and Low Acceptance Among Farmers. The global metal chelates market, however, may be impacted in the years to come by technological and product innovation. The Global Metal Chelates Market also has favorable development prospects due to rising government support and improved farming techniques in emerging markets.
Nearly every industry and sector globally has been impacted by the COVID-19 outbreak. In order to slow the pandemic's quick spread, governments all over the world enacted stringent lockdown regulations and societal segregation standards. A travel bans and other restrictions had to be made by the government due to the pandemic, and different nations had to go into complete lockdown. During the early pandemic stages, manufacturing facilities all over the globe were shut down. The output of fertilizers, detergents, cleaning supplies, textiles, pulp and paper processing, and laundry and metal cleaning solutions all decreased as a result of this lava. Consequently, the market's development was hindered and the demand for metal chelates fell.
Some key players operating in the global metal chelates market include BASF SE, Syngenta AG, Haifa Chemicals Ltd., Van Iperen International, Protex International, AkzoNobel N.V., Nufarm Limited, Aries Agro Limited, Valagro SPA, Deretil Agronutritional.
Growing use of agricultural chelates to increase crop yield, a lack of micronutrients, deteriorating soil, and dwindling farmland have all been anticipated to positively drive the growth of the global metal chelates market.
The global metal chelates market size was estimated at USD 4.14 million in 2021 and is expected to reach USD 1114 million in 2029.
The global metal chelates market is expected to grow at a compound annual growth rate of 9.56% from 2022 to 2029 to reach USD 1114 million by 2029.
The Asia Pacific dominated the global metal chelates market with a share of 37% in 2021.
Based on source, market is segmented into primary nutrients, secondary nutrients and micronutrients. The metal chelates market makes extensive use of micronutrients. Micronutrients are necessary, irreplaceable nutrients that are crucial in agriculture because they help boost yield and improve product quality.
These nutrients are effectively supplied by complexes comprising chelated substances like ethylenediaminetetraacetic acid (EDTA), diethylenetriaminepentaacetic acid (DTPA), and ethylenediamine-N, N′-bisphosphate, which are used by plants in very small quantities. (EDDHA). With the help of metal chelates, micronutrients like calcium, iron, manganese, and copper are readily chelated. Micronutrients are extremely rare nutrients that are discovered in soil.
Based on livestock type, market is segmented into soil, foliar and fertigation. The Metal Chelates Market was dominated by Fertigation. Metal chelates are used in fertilization, which increases the availability of nutrients at the root level and the effectiveness of fertilizer use. It also enhances the mobility of potassium and phosphorus, in particular.
Fertigation has many benefits, including regular nutrient supply to minimize variations in nutrient concentration in soil, effective nutrient utilization, exact nutrient application in accordance with crop nutritional needs, and many others. Additionally, a well-planned fertilization system can greatly lower the cost of fertilizer application and give nutrients to the wet irrigation zone surrounding the tree, where the active feeder roots are concentrated in precise and uniform amounts.
Based on the form, market is segmented into cereals & grains, oilseeds & pulses and fruits & vegetables. In the market for metal chelates, fruits and veggies are frequently used. The formulators of food have unique skills thanks to chelating agents made for food. In particular, food degradation reactions are catalyzed by trace quantities of pro-oxidant metal ions, like copper and iron. The oxidation of flavor and color is specifically catalyzed and started by metal chelates.
Moreover, trace metal ions shorten the quality and storage life of food and beverages by causing a number of spoilage reactions. The extremely pure food-grade chelate stops unfavorable responses to food deterioration by forming a stable complex with trace metal ions. Trace metal ions, which are found in all processed food products due to raw materials, process water, and equipment, contribute to the spoilage reactions that affect many processed food products.
[caption id="attachment_22681" align="aligncenter" width="1920"]Key competitors from both domestic and international markets compete fiercely in the worldwide global Metal Chelates industry are BASF SE, Syngenta AG, Haifa Chemicals Ltd., Van Iperen International, Protex International, AkzoNobel N.V., Nufarm Limited, Aries Agro Limited, Valagro SPA, Deretil Agronutritional.
Recent News: 6th October 2020: Valagro, a pioneer in the research, production and commercialization of biostimulants and specialty nutrients for crops, signed an agreement to transfer 100% of its ownership and assets to Syngenta Crop Protection. 2nd December 2022: AkzoNobel completed the acquisition of the wheel liquid coatings business of Lankwitzer Lackfabrik GmbH, a deal which strengthens the company’s performance coatings portfolio.The global metal chelates market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
In terms of market dominance for metal chelates, Asia Pacific was in the lead. A result of the region's expanding population, available land, and micronutrient-deficient soil, the Asia Pacific is predicted to lead the global market for metal chelates. Asia Pacific farmers are being pressured to cultivate high yield crops through the use of external growth-promoting agents as a result of the region's rapidly growing population and higher food demand. An important portion of the global market for metal chelates is anticipated to be held by the Asia Pacific region.
Due to increased investments in agricultural infrastructure, including irrigation systems, warehousing, and cold storage, the agriculture industry in India is predicted to gain more momentum in the coming years, according to the India Brand Equity Foundation. Additionally, the increased use of genetically modified crops is probably going to increase the yields of Indian producers. The quickly increasing population, the accessibility of arable land, and the zinc-deficient soils in China and India are the main causes of the high growth in the APAC market for metal chelates.
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