Iron Chelates Market Size, Trends and Insights By Crop Type (Fruits & Vegetables, Cereals & Grains, Oilseeds & Pulses, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- BASF SE
- Dow
- Valagro
- Titan Biotech
- Nouryon
- Global Crop Improvement Company (Gcic)
- Others
Reports Description
As per the current market research conducted by the CMI Team, the global Iron Chelates Market is expected to record a CAGR of 10% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 295.85 Million. By 2032, the valuation is anticipated to reach USD 645.55 Million.
Iron chelates represent a specialized form of iron supplementation designed for plants. They undergo a chelation process to maintain iron in a plant-absorbable form. This innovation serves the purpose of addressing iron chlorosis, a specific condition where plants face challenges in assimilating iron minerals from the soil. Iron chlorosis is also known as lime chlorosis or iron deficiency chlorosis.
Over time, its manifestation becomes evident through the paling and eventual demise of plant leaves, consequently hindering overall plant growth. Additionally, the emergence of yellowing leaves, typically occurring between the dark green leaf veins, imparts a web-like appearance to the foliage—an unmistakable indicator of iron deficiency in plants. Consequently, both the plants and their leaves lose their characteristic healthy green vigour.
Iron Chelates Market – Significant Growth Factors
The escalating demand for high-quality crops and enhanced yield, coupled with proactive endeavours by industry participants to introduce inventive products, will propel market expansion. The surge in demand for high-yield crops, driven by a burgeoning global population and the diminishing availability of arable land, is anticipated to fuel growth in the iron chelate market.
According to estimates from the Food and Agriculture Organization (FAO), the area suitable for irrigation is projected to increase by 32 million hectares (11%), with a concurrent 17% expansion in harvested irrigated land by the year 2050.
Notably, this growth is predominantly concentrated in economically disadvantaged nations, resulting in limited access to fertilizers for crops, reduced crop yields, and a decline in overall agricultural product quality.
This phenomenon assumes heightened significance in light of the Earth’s expanding populace, which places growing pressure on the diminishing amount of cultivable land available for food production, thereby necessitating cultivation on suboptimal soils.
In this specific domain, the practice of fertigation, which involves the administration of plant nutrients via a liquid solution, plays a pivotal role. Consequently, iron chelated fertilizer plays a crucial role in enhancing the bioavailability of micronutrients, thereby contributing significantly to the productivity, nutritional value, and profitability associated with commercial crop cultivation.
It is important to note that in cases where crops are cultivated in environments characterized by either low micronutrient levels or soil pH levels exceeding 6.5, chelated fertilizers exhibit a notably higher potential for augmenting commercial crop production when compared to conventional micronutrient applications.
Iron Chelates Market – Mergers and Acquisitions
BASF SE Collaborates with LanzaTech to Harness Industrial Off-Gases for Chemical Production
- BASF SE has joined forces with LanzaTech to capitalize on the potential of industrial off-gases, utilizing them to produce valuable chemicals through the conversion of carbon content found in these off-gases.
BASF Introduces Neutrol MGDA: A Biodegradable Complexing Agent for Personal Care Uses
- BASF has recently unveiled Neutrol MGDA, a complexing agent renowned for its biodegradability, specially designed for applications within the realm of personal care.
COMPARATIVE ANALYSIS OF THE RELATED MARKET
| Iron Chelates Market | Agricultural Adjuvants Market | Pasture Seeds Market |
| CAGR 10% (Approx) | CAGR 4.1% (Approx) | CAGR 9.5% (Approx) |
| USD 645.55 Million by 2032 | USD 6.4 Billion by 2030 | USD 31.88 Billion by 2032 |
Iron Chelates Market – Significant Threats
- Regulatory Hurdles: The iron chelates industry is subject to stringent regulations governing the use of chemical compounds in agriculture and related sectors. Compliance with evolving regulatory standards and ensuring product safety can pose significant challenges.
- Environmental Concerns: Environmental sustainability is a growing concern, and the use of iron chelates must align with eco-friendly practices. Managing waste, minimizing environmental impact, and ensuring responsible production processes are imperative.
- Cost Constraints: The cost of iron chelates production, including raw materials and manufacturing processes, can impact market dynamics. Maintaining competitive pricing while adhering to quality standards is a constant challenge.
- Product Efficacy: Ensuring the effectiveness of iron chelates in various soil and crop conditions is essential. Developing formulations that consistently deliver desired results across diverse agricultural settings can be challenging.
- Market Competition: The iron chelates market is competitive, with numerous players vying for market share. Staying ahead in terms of product innovation, quality, and market penetration requires ongoing efforts.
- Technological Advancements: Keeping pace with advancements in chelation technology and research is crucial. Failure to adopt cutting-edge innovations can lead to a loss of competitive edge.
- Global Economic Factors: Fluctuations in the global economy can impact the demand for iron chelates, especially in agriculture. Economic downturns may lead to reduced agricultural investments and subsequently affect market growth.
- Supply Chain Disruptions: Events such as natural disasters, geopolitical tensions, or unforeseen disruptions can affect the supply chain, leading to shortages and price volatility.
- Consumer Awareness: Educating consumers and growers about the benefits of iron chelates and their role in sustainable agriculture can be a persistent challenge.
Report Scope
| Feature of the Report | Details |
| Market Size in 2023 | USD 330.82 Million |
| Projected Market Size in 2032 | USD 645.55 Million |
| Market Size in 2022 | USD 295.85 Million |
| CAGR Growth Rate | 10% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Crop Type and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Category-Wise Insights
By Crop Type:
The market is categorized into four distinct segments based on crop type: Fruits and vegetables, Cereals and grains, Oilseeds and pulses, and Others. In the year 2021, Fruits & Vegetables emerged as the dominant segment, commanding a substantial market share of 46.92%. Its market value amounted to USD 135.54 Million, and it is anticipated to exhibit the highest Compound Annual Growth Rate (CAGR) of 10.24% throughout the forecast period. Cereals and grains constituted the second-largest market segment in 2021, with a valuation of USD 87.32 Million. This segment is expected to grow steadily, maintaining a CAGR of 10.77%.
Iron Chelates Market – Regional Analysis
North America:
- Market Overview: North America boasts a mature iron chelates market, driven by the strong presence of agriculture and horticulture industries.
- Key Factors: Increased awareness of sustainable farming practices, coupled with a focus on high-quality crop production, fuels demand for iron chelates.
- Challenges: Regulatory compliance and environmental concerns are notable challenges in this region.
Europe:
- Market Overview: Europe demonstrates a growing market for iron chelates, with an emphasis on organic farming and precision agriculture.
- Key Factors: Rising demand for organically grown produce and government incentives for sustainable farming practices contribute to market growth.
- Challenges: Competition among market players and evolving agricultural policies pose challenges.
Asia-Pacific:
- Market Overview: Asia-Pacific represents a significant growth opportunity in the iron chelates market, driven by the vast agricultural landscape.
- Key Factors: Increasing population, food security concerns, and a shift toward modern farming practices propel demand for iron chelates.
- Challenges: Price sensitivity among farmers and the need for tailored solutions for diverse crops are challenges in this region.
Latin America:
- Market Overview: Latin America exhibits a burgeoning market for iron chelates, with a focus on export-oriented agriculture.
- Key Factors: Expansion of agribusiness, growth in horticulture, and a favorable climate for crop production are growth drivers.
- Challenges: Economic instability and regulatory complexities can impact market penetration.
Middle East & Africa:
- Market Overview: This region displays a growing interest in iron chelates, driven by the need to enhance crop productivity in arid climates.
- Key Factors: Investments in modern farming technologies, such as drip irrigation and fertigation, are boosting demand for iron chelates.
- Challenges: Water scarcity and political instability pose challenges to sustainable agriculture practices.
List of the prominent players in the Iron Chelates Market:
- BASF SE
- Dow
- Valagro
- Titan Biotech
- Nouryon
- Global Crop Improvement Company (Gcic)
- Adob
- Yara
- Syngenta
- Global Calcium Pvt Ltd
- Haifa Negev Technologies Ltd
- Agro Egypt International
- Compo Expert Gmbh
- Trade Corporation International
- Sipcam Inagra
- Others
The Iron Chelates Market is segmented as follows:
By Crop Type
- Fruits & Vegetables
- Cereals & Grains
- Oilseeds & Pulses
- Others
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- 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
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Iron Chelates Market, (2024 – 2033) (USD Million)
- 2.2 Global Iron Chelates Market : snapshot
- Chapter 3. Global Iron Chelates Market – Industry Analysis
- 3.1 Iron Chelates Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Agricultural Trends
- 3.2.2 Technological Advancements
- 3.2.3 Environmental Considerations
- 3.2.4 Regional Variances
- 3.2.5 Population Growth and Food Security.
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Crop Type
- Chapter 4. Global Iron Chelates Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Iron Chelates Market: company market share, 2022
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Iron Chelates Market – Crop Type Analysis
- 5.1 Global Iron Chelates Market overview: By Crop Type
- 5.1.1 Global Iron Chelates Market share, By Crop Type, 2022 and – 2033
- 5.2 Fruits & Vegetables
- 5.2.1 Global Iron Chelates Market by Fruits & Vegetables, 2024 – 2033 (USD Million)
- 5.3 Cereals & Grains
- 5.3.1 Global Iron Chelates Market by Cereals & Grains, 2024 – 2033 (USD Million)
- 5.4 Oilseeds & Pulses
- 5.4.1 Global Iron Chelates Market by Oilseeds & Pulses, 2024 – 2033 (USD Million)
- 5.5 Others
- 5.5.1 Global Iron Chelates Market by Others, 2024 – 2033 (USD Million)
- 5.1 Global Iron Chelates Market overview: By Crop Type
- Chapter 6. Iron Chelates Market – Regional Analysis
- 6.1 Global Iron Chelates Market Regional Overview
- 6.2 Global Iron Chelates Market Share, by Region, 2022 & – 2033 (USD Million)
- 6.3. North America
- 6.3.1 North America Iron Chelates Market, 2024 – 2033 (USD Million)
- 6.3.1.1 North America Iron Chelates Market, by Country, 2024 – 2033 (USD Million)
- 6.3.1 North America Iron Chelates Market, 2024 – 2033 (USD Million)
- 6.4 North America Iron Chelates Market, by Crop Type, 2024 – 2033
- 6.4.1 North America Iron Chelates Market, by Crop Type, 2024 – 2033 (USD Million)
- 6.5. Europe
- 6.5.1 Europe Iron Chelates Market, 2024 – 2033 (USD Million)
- 6.5.1.1 Europe Iron Chelates Market, by Country, 2024 – 2033 (USD Million)
- 6.5.1 Europe Iron Chelates Market, 2024 – 2033 (USD Million)
- 6.6 Europe Iron Chelates Market, by Crop Type, 2024 – 2033
- 6.6.1 Europe Iron Chelates Market, by Crop Type, 2024 – 2033 (USD Million)
- 6.7. Asia Pacific
- 6.7.1 Asia Pacific Iron Chelates Market, 2024 – 2033 (USD Million)
- 6.7.1.1 Asia Pacific Iron Chelates Market, by Country, 2024 – 2033 (USD Million)
- 6.7.1 Asia Pacific Iron Chelates Market, 2024 – 2033 (USD Million)
- 6.8 Asia Pacific Iron Chelates Market, by Crop Type, 2024 – 2033
- 6.8.1 Asia Pacific Iron Chelates Market, by Crop Type, 2024 – 2033 (USD Million)
- 6.9. Latin America
- 6.9.1 Latin America Iron Chelates Market, 2024 – 2033 (USD Million)
- 6.9.1.1 Latin America Iron Chelates Market, by Country, 2024 – 2033 (USD Million)
- 6.9.1 Latin America Iron Chelates Market, 2024 – 2033 (USD Million)
- 6.10 Latin America Iron Chelates Market, by Crop Type, 2024 – 2033
- 6.10.1 Latin America Iron Chelates Market, by Crop Type, 2024 – 2033 (USD Million)
- 6.11. The Middle-East and Africa
- 6.11.1 The Middle-East and Africa Iron Chelates Market, 2024 – 2033 (USD Million)
- 6.11.1.1 The Middle-East and Africa Iron Chelates Market, by Country, 2024 – 2033 (USD Million)
- 6.11.1 The Middle-East and Africa Iron Chelates Market, 2024 – 2033 (USD Million)
- 6.12 The Middle-East and Africa Iron Chelates Market, by Crop Type, 2024 – 2033
- 6.12.1 The Middle-East and Africa Iron Chelates Market, by Crop Type, 2024 – 2033 (USD Million)
- Chapter 7. Company Profiles
- 7.1 BASF SE
- 7.1.1 Overview
- 7.1.2 Financials
- 7.1.3 Product Portfolio
- 7.1.4 Business Strategy
- 7.1.5 Recent Developments
- 7.2 Dow
- 7.2.1 Overview
- 7.2.2 Financials
- 7.2.3 Product Portfolio
- 7.2.4 Business Strategy
- 7.2.5 Recent Developments
- 7.3 Valagro
- 7.3.1 Overview
- 7.3.2 Financials
- 7.3.3 Product Portfolio
- 7.3.4 Business Strategy
- 7.3.5 Recent Developments
- 7.4 Titan Biotech
- 7.4.1 Overview
- 7.4.2 Financials
- 7.4.3 Product Portfolio
- 7.4.4 Business Strategy
- 7.4.5 Recent Developments
- 7.5 Nouryon
- 7.5.1 Overview
- 7.5.2 Financials
- 7.5.3 Product Portfolio
- 7.5.4 Business Strategy
- 7.5.5 Recent Developments
- 7.6 Global Crop Improvement Company (Gcic)
- 7.6.1 Overview
- 7.6.2 Financials
- 7.6.3 Product Portfolio
- 7.6.4 Business Strategy
- 7.6.5 Recent Developments
- 7.7 Adob
- 7.7.1 Overview
- 7.7.2 Financials
- 7.7.3 Product Portfolio
- 7.7.4 Business Strategy
- 7.7.5 Recent Developments
- 7.8 Yara
- 7.8.1 Overview
- 7.8.2 Financials
- 7.8.3 Product Portfolio
- 7.8.4 Business Strategy
- 7.8.5 Recent Developments
- 7.9 Syngenta
- 7.9.1 Overview
- 7.9.2 Financials
- 7.9.3 Product Portfolio
- 7.9.4 Business Strategy
- 7.9.5 Recent Developments
- 7.10 Global Calcium Pvt Ltd
- 7.10.1 Overview
- 7.10.2 Financials
- 7.10.3 Product Portfolio
- 7.10.4 Business Strategy
- 7.10.5 Recent Developments
- 7.11 Haifa Negev Technologies Ltd
- 7.11.1 Overview
- 7.11.2 Financials
- 7.11.3 Product Portfolio
- 7.11.4 Business Strategy
- 7.11.5 Recent Developments
- 7.12 Agro Egypt International
- 7.12.1 Overview
- 7.12.2 Financials
- 7.12.3 Product Portfolio
- 7.12.4 Business Strategy
- 7.12.5 Recent Developments
- 7.13 Compo Expert Gmbh
- 7.13.1 Overview
- 7.13.2 Financials
- 7.13.3 Product Portfolio
- 7.13.4 Business Strategy
- 7.13.5 Recent Developments
- 7.14 Trade Corporation International
- 7.14.1 Overview
- 7.14.2 Financials
- 7.14.3 Product Portfolio
- 7.14.4 Business Strategy
- 7.14.5 Recent Developments
- 7.15 Sipcam Inagra
- 7.15.1 Overview
- 7.15.2 Financials
- 7.15.3 Product Portfolio
- 7.15.4 Business Strategy
- 7.15.5 Recent Developments
- 7.16 Others.
- 7.16.1 Overview
- 7.16.2 Financials
- 7.16.3 Product Portfolio
- 7.16.4 Business Strategy
- 7.16.5 Recent Developments
- 7.1 BASF SE
List Of Figures
Figures No 1 to 16
List Of Tables
Tables No 1 to 27
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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FAQs
The key factors driving the Market are Agricultural Trends, Technological Advancements, Environmental Considerations, Regional Variances And Population Growth and Food Security.
The “Crop Type” category dominated the market in 2022.
The key players in the market are BASF SE, Dow, Valagro, Titan Biotech, Nouryon, Global Crop Improvement Company (Gcic), Adob, Yara, Syngenta, Global Calcium Pvt Ltd, Haifa Negev Technologies Ltd, Agro Egypt International, Compo Expert Gmbh, Trade Corporation International, Sipcam Inagra, Others.
“North America” had the largest share in the Iron Chelates Market.
The global market is projected to grow at a CAGR of 10% during the forecast period, 2023-2032.
The Iron Chelates Market size was valued at USD 295.85 Million in 2022.