The global market for chelated micronutrient fertilizers, valued at USD 0.8 billion in 2021, is on a promising trajectory, expected to reach USD 2.1 billion by 2032. This growth is driven by an impressive Compound Annual Growth Rate (CAGR) of 9% during the forecast period from 2022 to 2032.

Chelated micronutrient fertilizers have gained attention for their role in boosting agricultural production by providing essential nutrients to crops. The chelation process, which involves the use of the chemical EDTA, forms a protective ring around nutrients, preventing them from being immobilized in the soil or by other nutrients. This ensures that plants can effectively absorb these vital nutrients, whether applied through foliar fertilizers or starter fertilizers.

Several factors contribute to the market's expansion. The benefits of chelated micronutrient fertilizers, such as easy storage and rapid water solubility to create nutrient solutions, are significant drivers. Additionally, the rising awareness of the health benefits associated with food grown using these micronutrient fertilizers is expected to fuel demand further.

Chelated micronutrients play a crucial role in plant physiology, aiding in the healthy development of plants and enhancing microbial activity in the soil. This leads to more robust crop growth and improved yields, aligning with the growing global emphasis on sustainable and efficient agricultural practices.

As the market continues to grow, stakeholders across the agricultural sector are poised to benefit from the advancements and increased adoption of chelated micronutrient fertilizers. This market development promises to contribute significantly to the global agricultural landscape, supporting the production of healthier, more nutrient-rich crops.