Metal Chelates Market is on an Upward Growth Curve

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Metal Chelates Market Size, Share & Trends Analysis Report By Crop type- ( Cereals and grains Type, Oilseeds and Pulses Type, Fruits and vegetable Type, Others), Type- (Primary Nutrients, Secondary Nutrients, Micro Nutrients), Mode of applications- (Soil, Foliar and Fertigation), Region, Market Outlook And Industry Analysis 2031"

The Global Metal Chelates Market is estimated to reach over USD 1,307.47 million by 2031, exhibiting a CAGR of 8.67% during the forecast period.

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A metal chelate is a compound in which multiple metal ions are bonded to an anion, playing a crucial role in maintaining soil balance by regulating sodium and micronutrient levels. Natural chelation prevents the precipitation of assimilated nutrients, relying on organic compounds produced by microorganisms and present in soil. Microorganisms generate hydroxamate siderophores, which facilitate nutrient transport and solubilization. While natural chelating agents exist, they are insufficient to significantly enhance crop yield.

The increasing demand for higher agricultural productivity, heightened awareness of nutrient deficiencies in crops, declining soil quality, and the growing need for paper-based packaging, including graphic and tissue papers, are key factors driving the expansion of the metal chelates market. However, market growth may be hindered by concerns over the environmental impact of non-biodegradable metal chelates. In agriculture, synthetic iron chelates are commonly applied to address iron deficiencies in crops. Metal chelates are primarily used as fertilizers and soil amendments to promote plant growth. Notable examples include DTPA, EDTA, and EDDHA. The primary consumers of agricultural chelates include farmers, agricultural enterprises, and crop producers.

List of Prominent Players in the Metal Chelates Market:
• Akzo Nobel N.V.
• Aries Agro Limited
• AVA Chemicals Private Limited
• BASF SE
• Chemicnova
• Deretil Agronutritional
• Farmtech Agriland Corporation
• Gujarat State Fertilizer & Chemicals
• Haifa Chemicals Ltd.
• M&M Industries
• Micromix Plant Health Limited
• Nufarm Limited
• Protex International
• Qingyuan Mutual Bio Techniques Co. Ltd.
• Shanghai Joint Hope International Trade Corporation
• Syngenta AG
• Valagro SPA
• Van Iperen International

Market Dynamics:
Drivers-
The expansion of the metal chelates market is largely driven by increasing demand from the pulp and paper industry. However, environmental concerns related to metal chelates may act as a restraint on market growth. Our research analysts have assessed historical data to evaluate the impact of the COVID-19 pandemic on the metal chelates market, as well as key factors influencing its growth. A thorough analysis of these drivers can help businesses refine their marketing strategies and achieve a competitive advantage.

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Challenges:
Certain chelating agents pose potential health risks, with severe adverse effects in some cases. For instance, the chelating compound EDTA has been linked to renal damage and kidney failure. Some variations of EDTA have also been associated with complications such as anemia, irregular heart rhythms, diabetes, and kidney disorders. Additionally, EDTA can negatively impact liver and kidney function, potentially worsening pre-existing conditions. Furthermore, tuberculosis, a bacterial lung infection, can remain dormant when the body encapsulates the infection, preventing its spread but keeping the bacteria alive within scar tissue.

Regional Trends:
The Asia-Pacific region is expected to dominate the metal chelates market due to increasing consumer awareness of nutritional product applications. Widespread deficiencies of essential micronutrients such as boron and zinc have significantly affected crop quality and yield. As a result, farmers are increasingly adopting chelated micronutrients to enhance agricultural productivity.

Factors such as rising disposable income, ongoing urbanization, population growth, and greater awareness of nutritional benefits will further drive market expansion. Countries with strong purchasing power, including China, India, and Australia, are expected to play a key role in the future growth of the food sector, supported by their ability to integrate advanced technologies into agricultural practices.

Recent Developments:
• In Nov 2020, BASF Care Creations is introducing a highly stable, environmentally friendly complexing agent (also known as a chelating agent) for personal care applications. It is easily biodegradable and distinguished by its superior ecological and toxicological profiles. In cosmetic goods, complexing agents are utilized to build highly stable complexes with metal ions, inactivating their harmful effects on the final formulation.

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Segmentation of Metal Chelates Market-
By Crop Type-
• Cereals & Grains
• Oilseeds & Pulses
• Fruits & Vegetables
• Others
By Product Type
• Primary Nutrients
• Secondary Nutrients
• Micro Nutrients
By Application-
• Soil
• Foliar
• Fertigation
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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This release was published on openPR.