Surge in research and development activities is expected to drive the Global Secondary Macronutrients Market growth in the forecast period, 2025-2029.
According to TechSci Research report, “Secondary Macronutrients Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029”, the Global Secondary Macronutrients Market stood at USD37.65 billion in 2023 and is anticipated to grow with a CAGR of 3.68% in the forecast period, 2025-2029. Initiatives taken by government based on secondary macronutrients has led to favorable market conditions for the Global Secondary Macronutrients Market. Several factors contribute to the growth of various secondary macronutrients products.
Strong government funding plays a crucial role in advancing evidence-based practices in agriculture through basic nutrition and applied research and innovation. This support enables the exploration of the role of secondary macronutrients in crop health and productivity, leading to the development of more efficient and sustainable farming methods.
By deliberately increasing the content of micronutrients in food or condiments, food fortification not only focuses on essential vitamins and minerals but also emphasizes the significance of a well-balanced nutrition approach in food production. This comprehensive perspective ensures that the agricultural sector can effectively address the complex challenges of feeding a growing population while promoting the overall health and well-being of individuals.
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Research and development (R&D) activities play a crucial role in comprehending the significance of secondary macronutrients, their optimal application rates, and their interaction with soil and other nutrients. This knowledge is pivotal for the development of efficient and sustainable farming methods.
Trends indicate a growing cultivation area for high-value crops, necessitating a balanced nutrition approach that includes secondary macronutrients. R&D activities aid in determining the specific nutrient requirements of these crops, thereby fueling the demand for secondary macronutrients.
The Global Secondary Macronutrients Market is segmented into nutrient, crop type, regional distribution, and company.
Based on its nutrient, the calcium segment held the largest market share in the forecast period. During the developing phase of the crop, calcium is extensively used, along with the increasing adoption of gypsum and lime to address soil acidity issues. This vital nutrient, calcium, plays a significant role in creating plant tissues, empowering plants to grow even better. It is considered the most important among the three macronutrients required by crops.
Calcium not only strengthens cell walls but also aids in reducing soil salinity, improving water penetration, and combating diseases in fruit and vegetable crops. With its multifaceted benefits, calcium proves to be an indispensable element in promoting overall plant health and productivity.
Based on region, Asia Pacific segment is expected to grow during the forecast period. Due to the high utilization of secondary nutrients in developing countries such as China and India, and the presence of key market players in this region, the market for secondary macronutrients is experiencing significant growth. One of the main reasons behind this regional market growth is the large available space for agriculture and the increasing awareness about the utilization of secondary products.
As agricultural practices continue to expand and the demand for high-quality agricultural harvest rises, the need for secondary macronutrients in the region is being propelled even further. This trend highlights the importance of these nutrients in supporting sustainable and productive agricultural systems.
Major companies operating in Global Secondary Macronutrients Market are:
- Nutrien Ltd
- Yara International ASA
- The Mosaic Company
- Israel Chemicals Ltd
- K+S Aktiengesellschaft
- Nufarm Ltd
- Southern Petrochemical Industries Corp Ltd
- Koch Industries Inc
- Coromandel International Ltd
- Deepak Fertilisers and Petrochemicals Corporation Ltd
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“The adoption of precision agriculture and tailored nutrient management strategies represents a paradigm shift in agricultural practices, driven by the need for sustainable intensification and resilience in the face of climate change and resource constraints. As farmers increasingly recognize the importance of optimizing crop nutrition for long-term productivity and profitability, the demand for customized fertilizer blends containing secondary macronutrients tailored to specific crop and soil conditions is expected to continue growing.
This trend underscores the vital role that secondary macronutrients play in modern agriculture and underscores the importance of innovation and collaboration across the agricultural value chain to meet the evolving needs of farmers and society.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Global Secondary Macronutrients Market By Nutrient (Calcium, Magnesium, Others), By Crop Type (Cereals And Grains, Oilseeds And Pulses, Fruits And Vegetables, Others), By Region, By Competition Forecast & Opportunities, 2019-2029”, has evaluated the future growth potential of Global Secondary Macronutrients Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Secondary Macronutrients Market.
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