Market Forecast by Countries (Brazil, Mexico, Argentina, Rest of Latin America), By Type (Primary Nutrients, Secondary Nutrients, Micronutrients), By Mode of Application (Soil, Foliar, Fertigation), By Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables) And Competitive Landscape
Product Code: ETC4616674 | Publication Date: Jul 2023 | Updated Date: Mar 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Latin America Metal Chelates Market report thoroughly covers the by countries, by type, by mode of application, and by crop type. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Latin America Metal Chelates Market is projected to reach a value of USD 117.98 million by 2030, growing at a CAGR of 6.9% from 2024 to 2030. This growth can be attributed to various factors such as increasing demand for agricultural products, growing awareness about the benefits of micronutrients in crop production, and rising adoption of modern farming techniques.
The Latin America metal chelates market is gaining traction due to the increasing use of metal chelates in agriculture, healthcare, and various industrial applications. These compounds, which consist of metal ions bound to organic ligands, play a critical role in enhancing the bioavailability of essential nutrients, improving plant growth, and promoting efficiency in nutrient absorption.
According to 6Wresearch, the Latin America Metal Chelates Market size is expected to reach at a significant CAGR of 6.9% during the forecast period 2025-2031. The rising demand for high-efficiency fertilizers and agrochemicals is fuelling the adoption of metal chelates in agricultural practices. Second, the growing awareness of the benefits of micronutrients in crop production and soil health is driving farmers towards using these products. Additionally, the expanding pharmaceutical sector is increasingly integrating metal chelates for therapeutic purposes, further driving Latin America Metal Chelates Market growth. Furthermore, some emerging trends are leaving a positive impact on the market growth. For instance, a growing focus on sustainable agricultural practices and the development of innovative formulations that enhance the efficacy of these products. The incorporation of precision agriculture techniques is also gaining momentum, as farmers seek to optimize resource use and reduce environmental impact. Furthermore, the rise in organic farming is expected to boost demand for chelated micronutrients, aligning with consumer preferences for environmentally friendly and sustainable agricultural solutions.
Notable companies include BASF SE, AkzoNobel N.V., and Nutrien Ltd., which invest heavily in research and development to enhance their product offerings. Additionally, local manufacturers such as Plant Health Care and Grinding Solutions are carving out significant market share by focusing on region-specific formulations.
Government regulations play a crucial role in shaping the metal chelates market in Latin America. Stringent regulations governing the use of agrochemicals and fertilizers necessitate compliance by manufacturers to ensure product safety and efficacy. Various countries have established guidelines for the approval and registration of metal chelates, impacting market entry strategies. Moreover, initiatives promoting sustainable agricultural practices often encourage the adoption of more environmentally friendly solutions, further influencing regulatory frameworks and market dynamics.
The Latin America metal chelates industry is poised for significant growth driven by increasing agricultural productivity needs and the rising adoption of precision farming techniques. As farmers continue to seek sustainable solutions to enhance crop yields while reducing environmental impact, the demand for metal chelates is likely to rise. Moreover, advancements in technology and formulation science will facilitate the development of new products with improved performance, ensuring that the market remains competitive and adaptable to changing agricultural practices.
According to Dhaval, Research Manager, 6Wresearch, Brazil stands out as a leader in the Latin America metal chelates market, primarily due to its vast agricultural landscape and diverse crop production. The country's significant investments in agribusiness, coupled with its commitment to adopting innovative farming practices, have spurred the demand for metal chelates.
Based on crop type, the segment of Oilseeds & Pulses is currently leading in market share. This is largely attributed to the significant cultivation of soybeans and other oilseeds, particularly in countries like Argentina and Brazil. The increasing emphasis on enhancing the quality and yield of these crops has driven the adoption of metal chelates, which improve nutrient absorption and overall plant health.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Latin America Metal Chelates Market Overview |
3.1 Latin America Regional Macro Economic Indicators |
3.2 Latin America Metal Chelates Market Revenues & Volume, 2021 & 2031F |
3.3 Latin America Metal Chelates Market - Industry Life Cycle |
3.4 Latin America Metal Chelates Market - Porter's Five Forces |
3.5 Latin America Metal Chelates Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 Latin America Metal Chelates Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Latin America Metal Chelates Market Revenues & Volume Share, By Mode of Application, 2021 & 2031F |
3.8 Latin America Metal Chelates Market Revenues & Volume Share, By Crop Type, 2021 & 2031F |
4 Latin America Metal Chelates Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latin America Metal Chelates Market Trends |
6 Latin America Metal Chelates Market, 2021-2031 |
6.1 Latin America Metal Chelates Market, Revenues & Volume, By Type, 2021-2031 |
6.2 Latin America Metal Chelates Market, Revenues & Volume, By Mode of Application, 2021-2031 |
6.3 Latin America Metal Chelates Market, Revenues & Volume, By Crop Type, 2021-2031 |
7 Brazil Metal Chelates Market, 2021-2031 |
7.1 Brazil Metal Chelates Market, Revenues & Volume, By Type, 2021-2031 |
7.2 Brazil Metal Chelates Market, Revenues & Volume, By Mode of Application, 2021-2031 |
7.3 Brazil Metal Chelates Market, Revenues & Volume, By Crop Type, 2021-2031 |
8 Mexico Metal Chelates Market, 2021-2031 |
8.1 Mexico Metal Chelates Market, Revenues & Volume, By Type, 2021-2031 |
8.2 Mexico Metal Chelates Market, Revenues & Volume, By Mode of Application, 2021-2031 |
8.3 Mexico Metal Chelates Market, Revenues & Volume, By Crop Type, 2021-2031 |
9 Argentina Metal Chelates Market, 2021-2031 |
9.1 Argentina Metal Chelates Market, Revenues & Volume, By Type, 2021-2031 |
9.2 Argentina Metal Chelates Market, Revenues & Volume, By Mode of Application, 2021-2031 |
9.3 Argentina Metal Chelates Market, Revenues & Volume, By Crop Type, 2021-2031 |
10 Rest of Latin America Metal Chelates Market, 2021-2031 |
10.1 Rest of Latin America Metal Chelates Market, Revenues & Volume, By Type, 2021-2031 |
10.2 Rest of Latin America Metal Chelates Market, Revenues & Volume, By Mode of Application, 2021-2031 |
10.3 Rest of Latin America Metal Chelates Market, Revenues & Volume, By Crop Type, 2021-2031 |
11 Latin America Metal Chelates Market Key Performance Indicators |
12 Latin America Metal Chelates Market - Opportunity Assessment |
12.1 Latin America Metal Chelates Market Opportunity Assessment, By Countries, 2021 & 2031F |
12.2 Latin America Metal Chelates Market Opportunity Assessment, By Type, 2021 & 2031F |
12.3 Latin America Metal Chelates Market Opportunity Assessment, By Mode of Application, 2021 & 2031F |
12.4 Latin America Metal Chelates Market Opportunity Assessment, By Crop Type, 2021 & 2031F |
13 Latin America Metal Chelates Market - Competitive Landscape |
13.1 Latin America Metal Chelates Market Revenue Share, By Companies, 2024 |
13.2 Latin America Metal Chelates Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |