Global Chelated Iron Agricultural Micronutrient Market Size Likely to Reach at a CAGR of 6.9% By 2033

Global Chelated Iron Agricultural Micronutrient Market size was valued at USD 47.6 Million in 2024 and is expected to reach USD 87.2 Million by 2033, at a CAGR of 6.9% during the forecast period 2024 – 2033.

Chelated Iron Agricultural Micronutrient Market: Overview

Chelated iron agricultural micronutrient is a kind of iron fertilizer used in agriculture that comprises iron ions bound to organic molecules known as chelating agents.  Iron is a vital element for plants, aiding in chlorophyll production, photosynthesis, and enzyme activation.

An important worldwide trend in the chelated iron agricultural micronutrient market is the growing emphasis on sustainable agriculture and micronutrient management strategies. As agricultural productivity grows more crucial in meeting global food demand, farmers are looking for efficient ways to maximize crop growth and production.

Chelated iron micronutrients provide a tailored solution for addressing iron deficiencies in crops, boosting healthy plant development and increasing yields. Furthermore, as people become more aware of soil deterioration and micronutrient shortages throughout the world, there is an increasing need for micronutrient-rich fertilizers and soil amendments.

Furthermore, technical developments in chelate formulations, such as improved stability and bioavailability, are propelling market expansion by increasing nutrient absorption efficiency while lowering environmental impact. In summary, the worldwide trend toward organic farming, and the requirement for effective micronutrient management are driving the growth of the chelated iron agricultural micronutrient market.

By type, the inorganic segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. A notable trend in inorganic chelated iron agricultural micronutrients is the development of novel formulations with improved stability and bioavailability, providing optimal iron absorption by plants and more effectively treating iron shortage in crops.

By application, the cereals segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. A major trend in cereals is the rising customer desire for healthier and more diversified alternatives, which has led to the development of ancient grains, gluten-free versions, and fortified cereals with extra nutrients including vitamins, minerals, and protein.

A prominent trend in the Asia-Pacific area is the growing use of precision agriculture technology like drones and IoT devices to optimize crop management methods and increase agricultural output and sustainability.

Nutrien is the world’s leading producer of agricultural inputs, services, and solutions, assisting farms to enhance food production in an environmentally friendly way.

Report Scope

CMI has comprehensively analyzed the Global Chelated Iron Agricultural Micronutrient market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict the in-depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Global Chelated Iron Agricultural Micronutrient industry.

The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.

List of the prominent players in the Chelated Iron Agricultural Micronutrient Market:

• Nutrien
• Yara International
• AkzoNobel
• Compass Minerals International
• BASF
• Monsanto
• Bayer
• ADAMA Agricultural Solutions
• Verdesian Life Sciences
• Nufarm
• Sumitomo Chemical
• Syngenta International
• The Mosaic
• Baicor
• Brandt Consolidated
• Grow More
• KayFlo
• Micnelf USA
• Nutra-Flo
• Stoller USA
• Others

The Chelated Iron Agricultural Micronutrient Market is segmented as follows:

By Type

• Organic
• Inorganic

By Application

• Cereals
• Fruits and Vegetables
• Pulses & Oilseeds
• Others

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America