The global Secondary Macronutrients market size was valued at USD 38,350 million in 2022 and is projected to reach USD 47,860 million by 2033, growing at a CAGR of 3.8% during the forecast period.
The secondary macronutrients market refers to the market for essential plant nutrients that are required in relatively large quantities by plants for healthy growth and development. Secondary macronutrients include calcium (Ca), magnesium (Mg), and sulfur (S), which are crucial for plant nutrition and play significant roles in various physiological processes. Secondary macronutrients are essential elements required by plants in larger quantities than micronutrients. They are necessary for proper plant growth, development, and overall productivity. Calcium, magnesium, and sulfur contribute to various physiological functions, including cell division, enzyme activation, photosynthesis, and nutrient uptake. The global agricultural sector is witnessing a growing demand for high-quality crops that meet food safety and nutritional requirements. Secondary macronutrients play a vital role in improving crop quality by enhancing the nutrient composition, disease resistance, and overall plant health. The increasing focus on producing healthy and nutritious crops is driving the demand for secondary macronutrients. Intensive farming practices, excessive use of chemical fertilizers, and improper soil management have led to nutrient imbalances and soil degradation. As a result, there is a need to replenish essential secondary macronutrients in the soil to maintain its fertility and ensure optimal plant growth. The increasing awareness of soil health management and sustainable agriculture practices is boosting the demand for secondary macronutrients.
The global shift towards organic and sustainable farming practices is influencing the secondary macronutrients market. Organic farming methods focus on maintaining soil health, biodiversity, and natural nutrient cycles. As secondary macronutrients are essential for sustainable soil management, the demand for organic farming practices is driving the need for these nutrients.
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Segmental Analysis
Nutrient Type
• Calcium
• Magnesium
• sulfur.
Crop Type
• Cereals
• fruits and vegetables
• oilseeds and pulses
• others.
Form
• Solid (fertilizers)
• liquid (fertilizers, soil amendments).
Application Method
• Soil application
• foliar application
• fertigation.
Key Companies
• Yara International ASA
• Nutrien Ltd.
• The Mosaic Company
• K+S AG
• Israel Chemicals Ltd.
• Haifa Group
• Kugler Company
• Compo Expert GmbH
• Tessenderlo Group
• SQM S.A.
• Others
Regional Scope
North America
• U.S.
• Canada
• Mexico
Europe
• U.K.
• Germany
• France
• Italy
• Spain
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of Asia Pacific
South America
• Brazil
• Argentina
• Rest of South America
Middle East and Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of Middle East and Africa
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Recent Developments
• In 2023, Nutrien Ltd has announced its intention to expand its fertilizer production capacity in response to significant shifts in the global energy, agriculture, and fertilizer sectors. The company recently conducted a virtual investor update meeting where it shared comprehensive information regarding its strategic growth plans and how it plans to allocate capital. Ken Seitz, Nutrien’s Interim President and CEO, emphasized the urgent need to address the task of feeding a growing world population, as global supply constraints have led to increased commodity prices and heightened concerns about global food security. Recognizing that there is no quick or straightforward solution to this challenge, Nutrien believes in the long-term potential for robust agricultural and crop input market fundamentals.
Why to buy this Report?
The report provides quantitative and qualitative aspect for the market in terms of value and volume, along with supporting market trends, challenges, restraints.
The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in the market, these companies are bifurcated into niche players, the leaders and major contenders.
The companies are analyzed in terms of following factors such as:
• Business Model
• Production Capacity, Revenue, Sales, Gross Margin
• Key Business Strategy
• SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:
• Company Share Analysis from 2018-2022
• Company Analysis by Revenue and Sales
• Company Production Capacity, Gross Margin
• Company Share Analysis by Application/End Use
• Company Share Analysis by Product/Specification.
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