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:

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