Global Secondary Macronutrients Market Size, Trends, By Nutrient (Sulfur, Calcium, Magnesium), By Application Method (Solid Application, Liquid Application), By Crop Type (Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Others), By Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa): Growth Opportunity Analysis and Industry Forecast, 2023-2030.
Global Secondary Macronutrients Market
The Global Secondary Macronutrients Market was valued at USD 39.5 billion in 2022 and is expected to expand to USD 58.4 billion by 2030, at a CAGR of 4.8% during the forecast period 2023-2030.
Calcium, magnesium, and sulfur are very essential plant nutrients for corn production. These are called secondary macronutrients because plants demand them in little amounts than primary macronutrients such as phosphorus, nitrogen, and potassium. Secondary nutrients are those nutrients that slightly limit crop growth and are moderately required by plants.
Market Drivers
The increase in the demand for high-value crops worldwide is escalating the growth of the global secondary macronutrient market. The expansion of the agriculture sector and the growth in popularity of macronutrients for healthy plant growth are the major factors boosting the growth of the market. The increasing demand for high-value crops such as fruits & vegetables and developed applications for industrial crops drives the market growth.
Furthermore, the growing need for escalating agricultural yield, the increasing population and food requirement globally, and large investments in agricultural operations in developing economies extend profitable opportunities to the market players and influence the market.
Market Restraints
The growing prevalence of sculpted products and the limited availableness of macronutrients in the market are factors that obstruct market growth. The stringent regulatory frameworks toward environment-friendly agricultural practices and lack of awareness about the product are expected to challenge the market in the forecast period of 2023-2030.
Market Segmentation
The global secondary macronutrient market is segmented into nutrients (sulfur, calcium, magnesium), the application method (solid application, liquid application), and crop type (cereals and grains, oilseeds and pulses, fruits and vegetables, others).
The fastest-growing segment by nutrients is sulfur. Depletion of soil health, imbalances in the soil pH, and intensive cultivating methods of crops from allium and cruciferous groups decrease the availability of sulfur in the soil.
Regional Analysis
The global secondary macronutrients market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The Asia-Pacific region dominates the secondary macronutrients market owing to the high consciousness regarding the utilization of secondary macronutrients and the huge agriculture sector in the countries such as India and China, which is known to be the largest producer of lime, sulfur, and magnesite in the region and Indian soils are deficient in S by 40%, and Ca & Mg deficiencies are also becoming prominent. The application of these fertilizers is growing to maximize productivity.
Key Players
Various key players are discussed in the global secondary macronutrients market report including; Nutrien Ltd., Yara, The Mosaic Company, ICL, K+S Aktiengesellschaft, Nufarm, Koch Industries, Inc., Coromandel International Limited, Haifa Group., Rovensa., Kugler Company., Sapec Agro Business, and Others.
For instance, in July 2020, ICL GROUP LTD entered into an agreement regarding the supply of Polysulphate fertilizer products to customers and farmers in the European and Asian regions.
Market Taxonomy
By Nutrient
• Sulfur
• Calcium
• Magnesium
By Application Method
• Solid Application
• Liquid Application
By Crop Type
• Cereals and Grains
• Oilseeds and Pulses
• Fruits and Vegetables
• Others
By Region
• North America
• U.S.
• Canada
• Mexico
• Latin America
• Brazil
• Argentina
• Colombia
• Peru
• Chile
• Venezuela
• Rest of Latin America
• Europe
• Germany
• France
• UK
• Russia
• Italy
• Spain
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• South Korea
• Australia
• New Zealand
• Singapore
• Malaysia
• Rest of Asia Pacific
• Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Tanzania
• Rest of The Middle East & Africa
Key Question Addressed by the Report
· What are the Key Opportunities in the Global Secondary Macronutrients Market?
· What will be the growth rate from 2023 to 2030?
· Which segment/region will have the highest growth?
· What are the factors that will impact/drive the Market?
· What is the role of key players in the value chain?
Global Secondary Macronutrients Market
1 Introduction
1.1 Objective of the Study
1.2 Market Definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Secondary Macronutrients Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact Due To Recent Energy Crisis
4.2.5 Cumulative Impact Due To Nearing Economic Downturn
4.2.6 Post-Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Secondary Macronutrients Market, By Nutrient
5.1 Y-o-Y Growth Comparison, By Nutrient
5.2 Global Secondary Macronutrients Market Share Analysis, By Nutrient
5.3 Global Secondary Macronutrients Market Size and Forecast, By Nutrient
5.3.1 Sulfur
5.3.2 Calcium
5.3.3 Magnesium
6 Global Secondary Macronutrients Market, By Application Method
6.1 Y-o-Y Growth Comparison, By Application Method
6.2 Global Secondary Macronutrients Market Share Analysis, By Application Method
6.3 Global Secondary Macronutrients Market Size and Forecast, By Application Method
6.3.1 Solid Application
6.3.2 Liquid Application
7 Global Secondary Macronutrients Market, By Crop Type
7.1 Y-o-Y Growth Comparison, By Crop Type
7.2 Global Secondary Macronutrients Market Share Analysis, By Crop Type
7.3 Global Secondary Macronutrients Market Size and Forecast, By Crop Type
7.3.1 Cereals and Grains
7.3.2 Oilseeds and Pulses
7.3.3 Fruits and Vegetables
7.3.4 Others
8 Global Secondary Macronutrients Market, By Region
8.1 Global Secondary Macronutrients Market Share Analysis, By Region
8.2 Global Secondary Macronutrients Market Share Analysis, By Region
8.3 Global Secondary Macronutrients Market Size and Forecast, By Region
9 North America Secondary Macronutrients Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America Secondary Macronutrients Market Share Analysis, By Nutrient
9.3 North America Secondary Macronutrients Market Share Analysis, By Application Method
9.4 North America Secondary Macronutrients Market Share Analysis, By Crop Type
9.5 North America Secondary Macronutrients Market Size and Forecast, By Country
9.5.1 U.S
9.5.1.1 Market Size and Forecast, By Nutrient
9.5.1.2 Market Size and Forecast, By Application Method
9.5.1.3 Market Size and Forecast, By Crop Type
9.5.2 Canada
9.5.2.1 Market Size and Forecast, By Nutrient
9.5.2.2 Market Size and Forecast, By Application Method
9.5.2.3 Market Size and Forecast, By Crop Type
9.5.3 Mexico
9.5.3.1 Market Size and Forecast, By Nutrient
9.5.3.2 Market Size and Forecast, By Application Method
9.5.3.3 Market Size and Forecast, By Crop Type
10 Europe Secondary Macronutrients Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe Secondary Macronutrients Market Share Analysis, By Nutrient
10.3 Europe Secondary Macronutrients Market Size and Forecast, By Application Method
10.4 Europe Secondary Macronutrients Market Size and Forecast, By Crop Type
10.5 Europe Secondary Macronutrients Market Size and Forecast, By Country
10.5.1 Germany
10.5.1.1 Market Size and Forecast, By Nutrient
10.5.1.2 Market Size and Forecast, By Application Method
10.5.1.3 Market Size and Forecast, By Crop Type
10.5.2 France
10.5.2.1 Market Size and Forecast, By Nutrient
10.5.2.2 Market Size and Forecast, By Application Method
10.5.2.3 Market Size and Forecast, By Crop Type
10.5.3 UK
10.5.3.1 Market Size and Forecast, By Nutrient
10.5.3.2 Market Size and Forecast, By Application Method
10.5.3.3 Market Size and Forecast, By Crop Type
10.5.4 Russia
10.5.4.1 Market Size and Forecast, By Nutrient
10.5.4.2 Market Size and Forecast, By Application Method
10.5.4.3 Market Size and Forecast, By Crop Type
10.5.5 Italy
10.5.5.1 Market Size and Forecast, By Nutrient
10.5.5.2 Market Size and Forecast, By Application Method
10.5.5.3 Market Size and Forecast, By Crop Type
10.5.6 Spain
10.5.6.1 Market Size and Forecast, By Nutrient
10.5.6.2 Market Size and Forecast, By Application Method
10.5.6.3 Market Size and Forecast, By Crop Type
10.5.7 Rest of Europe
10.5.7.1 Market Size and Forecast, By Nutrient
10.5.7.2 Market Size and Forecast, By Application Method
10.5.7.3 Market Size and Forecast, By Crop Type
11 Asia Pacific Secondary Macronutrients Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific Secondary Macronutrients Market Share Analysis, By Nutrient
11.3 Asia Pacific Secondary Macronutrients Market Size and Forecast, By Application Method
11.4 Asia Pacific Secondary Macronutrients Market Size and Forecast, By Crop Type
11.5 Asia Pacific Secondary Macronutrients Market Size and Forecast, By Country
11.5.1 China
11.5.1.1 Market Size and Forecast, By Nutrient
11.5.1.2 Market Size and Forecast, By Application Method
11.5.1.3 Market Size and Forecast, By Crop Type
11.5.2 Japan
11.5.2.1 Market Size and Forecast, By Nutrient
11.5.2.2 Market Size and Forecast, By Application Method
11.5.2.3 Market Size and Forecast, By Crop Type
11.5.3 India
11.5.3.1 Market Size and Forecast, By Nutrient
11.5.3.2 Market Size and Forecast, By Application Method
11.5.3.3 Market Size and Forecast, By Crop Type
11.5.4 South Korea
11.5.4.1 Market Size and Forecast, By Nutrient
11.5.4.2 Market Size and Forecast, By Application Method
11.5.4.3 Market Size and Forecast, By Crop Type
11.5.5 Australia
11.5.5.1 Market Size and Forecast, By Nutrient
11.5.5.2 Market Size and Forecast, By Application Method
11.5.5.3 Market Size and Forecast, By Crop Type
11.5.6 New Zealand
11.5.6.1 Market Size and Forecast, By Nutrient
11.5.6.2 Market Size and Forecast, By Application Method
11.5.6.3 Market Size and Forecast, By Crop Type
11.5.7 Singapore
11.5.7.1 Market Size and Forecast, By Nutrient
11.5.7.2 Market Size and Forecast, By Application Method
11.5.7.3 Market Size and Forecast, By Crop Type
11.5.8 Malaysia
11.5.8.1 Market Size and Forecast, By Nutrient
11.5.8.2 Market Size and Forecast, By Application Method
11.5.8.3 Market Size and Forecast, By Crop Type
11.5.9. Rest of Asia Pacific
11.5.9.1 Market Size and Forecast, By Nutrient
11.5.9.2 Market Size and Forecast, By Application Method
11.5.9.3 Market Size and Forecast, By Crop Type
12 Latin America Secondary Macronutrients Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America Secondary Macronutrients Market Share Analysis, By Nutrient
12.3 Latin America Secondary Macronutrients Market Share Analysis, By Application Method
12.4 Latin America Secondary Macronutrients Market Share Analysis, By Crop Type
12.5 Latin America Secondary Macronutrients Market Size and Forecast, By Country
12.5.1. Brazil
12.5.1.1 Market Size and Forecast, By Nutrient
12.5.1.2 Market Size and Forecast, By Application Method
12.5.1.3 Market Size and Forecast, By Crop Type
12.5.2 Argentina
12.5.2.1 Market Size and Forecast, By Nutrient
12.5.2.2 Market Size and Forecast, By Application Method
12.5.2.3 Market Size and Forecast, By Crop Type
12.5.3 Colombia
12.5.3.1 Market Size and Forecast, By Nutrient
12.5.3.2 Market Size and Forecast, By Application Method
12.5.3.3 Market Size and Forecast, By Crop Type
12.5.4 Peru
12.5.4.1 Market Size and Forecast, By Nutrient
12.5.4.2 Market Size and Forecast, By Application Method
12.5.4.3 Market Size and Forecast, By Crop Type
12.5.5 Chile
12.5.5.1 Market Size and Forecast, By Nutrient
12.5.5.2 Market Size and Forecast, By Application Method
12.5.5.3 Market Size and Forecast, By Crop Type
12.5.6 Venezuela
12.5.6.1 Market Size and Forecast, By Nutrient
12.5.6.2 Market Size and Forecast, By Application Method
12.5.6.3 Market Size and Forecast, By Crop Type
12.5.7 Rest of Latin America
12.5.7.1 Market Size and Forecast, By Nutrient
12.5.7.2 Market Size and Forecast, By Application Method
12.5.7.3 Market Size and Forecast, By Crop Type
13 Middle East Secondary Macronutrients Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East Secondary Macronutrients Market Share Analysis, By Nutrient
13.3 Middle East Secondary Macronutrients Market Size and Forecast, By Application Method
13.4 Middle East Secondary Macronutrients Market Size and Forecast, By Crop Type
13.5 Middle East Secondary Macronutrients Market Size and Forecast, By Country
13.5.1 Saudi Arabia
13.5.1.1 Market Size and Forecast, By Nutrient
13.5.1.2 Market Size and Forecast, By Application Method
13.5.1.3 Market Size and Forecast, By Crop Type
13.5.2 UAE
13.5.2.1 Market Size and Forecast, By Nutrient
13.5.2.2 Market Size and Forecast, By Application Method
13.5.2.3 Market Size and Forecast, By Crop Type
13.5.3 Egypt
13.5.3.1 Market Size and Forecast, By Nutrient
13.5.3.2 Market Size and Forecast, By Application Method
13.5.3.3 Market Size and Forecast, By Crop Type
13.5.4 Kuwait
13.5.4.1 Market Size and Forecast, By Nutrient
13.5.4.2 Market Size and Forecast, By Application Method
13.5.4.3 Market Size and Forecast, By Crop Type
13.5.5 South Africa
13.5.5.1 Market Size and Forecast, By Nutrient
13.5.5.2 Market Size and Forecast, By Application Method
13.5.5.3 Market Size and Forecast, By Crop Type
13.5.6 Tanzania
13.5.6.1 Market Size and Forecast, By Nutrient
13.5.6.2 Market Size and Forecast, By Application Method
13.5.6.3 Market Size and Forecast, By Crop Type
13.5.7 Rest of Middle East & Africa
13.5.7.1 Market Size and Forecast, By Nutrient
13.5.7.2 Market Size and Forecast, By Application Method
13.5.7.3 Market Size and Forecast, By Crop Type
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market Share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Nutrien Ltd.
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Yara
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 The Mosaic Company
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 ICL
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 K+S Aktiengesellschaft
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Nufarm
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Koch Industries, Inc.
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Coromandel International Limited
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Haifa Group
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Rovensa
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
