The Business Research Company’s report on the Secondary Macronutrients Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How have key drivers contributed to the rapid growth of the secondary macronutrients market?
The expansion of the agriculture industry is expected to propel the growth of the secondary macronutrients market in the coming future. Agriculture industry is a sector of the economy that comprises crop and livestock farming, as well as farming engineering and the manufacture of agricultural equipment, chemical fertilizers, and other farm-related items. Secondary macronutrients are used in agricultural practices to promote optimal plant growth and improve soil fertility such as maintaining proper nutrient balance in soils and plants, optimizing soil pH, enhancing soil aggregation, improving water infiltration, and nutrient assimilation for better growth of crops that increase crop productivity. For instance, in February 2023, according to the United States Department of Agriculture, a US-based federal executive department in charge of establishing and enforcing federal laws governing agriculture, forestry, rural economic development, and food production, United States agricultural exports grew 11%, or $19.5 billion, over the previously established record in 2021. Therefore, the expansion of the agriculture industry is driving the secondary macronutrients market.
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How has the secondary macronutrients market size evolved, and what are the latest forecasts for its expansion?
The secondary macronutrients market size has grown steadily in recent years. It will grow from $41.68 billion in 2024 to $43.33 billion in 2025 at a compound annual growth rate (CAGR) of 4.0%. The growth in the historic period can be attributed to the growing demand for secondary macronutrients, urbanization and infrastructure development, growing agricultural sector, increasing focus on sustainability, and raw material prices
The secondary macronutrients market size is expected to see strong growth in the next few years. It will grow to $53.62 billion in 2029 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to increasing agricultural activities, rising demand for food products, environmental sustainability initiatives, urbanization and infrastructure development, and regulatory support for soil health. Major trends in the forecast period include research and development, increasing awareness of nutrient deficiencies, government support for agricultural modernization, rising global population, supply chain resilience and efficiency.
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Which major companies dominate the secondary macronutrients market?
Major companies operating in the secondary macronutrients market include Sinochem Holdings Corporation Ltd, Archer Daniels Midland Company, Bunge Limited, Dow Chemical Company, Bayer AG, Nutrien Ltd., Mitsubishi Chemical Holdings Corporation, Syngenta AG, BASF SE, Yara International ASA, Sumitomo Chemical Co. Ltd., The Mosaic Company, DuPont de Nemours Inc., SQM, EuroChem Group AG, ICL Group Ltd, Israel Chemicals Ltd., K+S Aktiengesellschaft AG, Sinofert Holdings Limited, Rashtriya Chemicals and Fertilizers Ltd., Coromandel International Limited, Haifa Group, Zuari Agro Chemicals Ltd., Compo Expert, Gujarat State Fertilizers & Chemicals Ltd., Deepak Fertilisers and Petrochemicals Corporation Limited, Koch Ag and Energy Solutions LLC., Kugler Company
What trends will shape the future of the second generation biofuels market?
Major companies operating in the secondary macronutrient market are developing innovative products such as crop nutrition solutions to meet larger customer bases, more sales, and increase revenue. Crop nutrition solutions refer to a range of products and practices designed to optimize the nutrient availability and uptake for crops, ensuring their healthy growth and maximizing yield. For instance, In October 2024, SPARTA Biodiscovery, a Greece-based agribusiness company, launched Functional Crop Nutrition (FCN), specializing in providing a holistic approach to crop nutrition that encompasses nourishing, protecting, and biostimulating plants. It offers key macro- and micronutrients essential for optimal crop growth while simultaneously shielding crops from diseases, pests, and environmental stressors such as drought and heat.
Which region dominates the secondary macronutrients market, and what factors contribute to its leadership?
Asia-Pacific was the largest region in the secondary macronutrients market in 2024. The regions covered in the secondary macronutrients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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How is the secondary macronutrients market segmented, and which segment holds the largest share?
The secondary macronutrients market covered in this report is segmented –
1) By Nutrient Type: Calcium, Magnesium, Sulfur
2) By Crop Type: Cereals And Grains, Oilseeds And Pulses, Fruits And Vegetables, Other Crop Types
3) By Application Method: Solid Application, Liquid Application
Subsegments:
1) By Calcium: Calcium Carbonate, Calcium Nitrate, Calcium Sulfate
2) By Magnesium: Magnesium Sulfate, Magnesium Oxide, Magnesium Nitrate
3) By Sulfur: Elemental Sulfur, Sulfate Compounds, Sulfur Coated Urea
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How is the secondary macronutrients market defined?
Secondary macronutrients are the compounds required for a plant in smaller amounts than N, P, and K but in greater amounts than micronutrients. These consist of the elements calcium (Ca), magnesium (Mg), and sulfur (S), and the provision of these nutrients is required for proper plant growth, development, and overall nutritional balance.
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