Secondary Macronutrients Market Size, Share, Trends, Industry Growth Analysis and Forecast 2032-2032| Sinochem Holdings Corporation Ltd, Archer Daniels Midland Company, Bunge Limited, Dow Chemical Company, Bayer AG,

The Secondary Macronutrients Global Market Report 2023, provides comprehensive information on the secondary macronutrients market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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As per The Business Research Company’s Secondary Macronutrients Global Market Report 2023, the market size is expected to grow from $38.17 billion in 2022 to $40.08 billion in 2023 at a compound annual growth rate (CAGR) of 5.02%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of secondary macronutrients market is expected to reach $47.44 billion in 2027 at a CAGR of 4.30%.

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Product innovation is the key trend gaining popularity in the secondary macronutrients market. Major companies operating in the secondary macronutrients market are focused on developing innovative products to strengthen their position in the market. For instance, in June 2020, ICL Group Ltd, an Israel-based manufacturer of secondary macronutrients, fertilizers, and agricultural chemicals, launched SierraformGT CalMag, a slow-release macronutrient fertilizer. SierraformGT CalMag is a delayed-release homogenous calcium, magnesium, and essential element fertilizer that promotes grass development and overall plant health. The product is suited for fine grass or stadium pitch applications in the latter part of spring, summer, and the beginning of fall to achieve a sustained release and even growth, the amount of nitrogen is largely slow-release, and adding of SeaMax (soluble seaweed concentrates) in the manufacturing process will improve plant roots and stress tolerance.

The secondary macronutrients market 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

Asia-Pacific was the largest region in the secondary macronutrients market in 2022.

The table of contents in TBRC’s secondary macronutrients market report includes:

1. Executive Summary

2. Secondary Macronutrients Market Characteristics

3. Secondary Macronutrients Market Trends And Strategies

4. Secondary Macronutrients Market – Macro Economic Scenario

5. Secondary Macronutrients Market Segmentation

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26. South America Secondary Macronutrients Market

27. Brazil Secondary Macronutrients Market

28. Middle East Secondary Macronutrients Market

29. Africa Secondary Macronutrients Market

30. Secondary Macronutrients Market Competitive Landscape And Company Profiles

Top Major Players:

• Sinochem Holdings Corporation Ltd
• Archer Daniels Midland Company
• Bunge Limited
• Dow Chemical Company
• Bayer AG

 

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