Global Secondary Macronutrients Market Insights Forecasts to 2033

• The Global Secondary Macronutrients Market Size was Valued at USD 38.9 Billion in 2023
• The Market Size is Growing at a CAGR of 4.86% from 2023 to 2033
• The Worldwide Secondary Macronutrients Market Size is Expected to Reach USD 62.5 Billion by 2033
• Europe is Expected to Grow the fastest during the forecast period.

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The Global Secondary Macronutrients Market Size is Anticipated to Exceed USD 62.5 Billion by 2033, Growing at a CAGR of 4.86% from 2023 to 2033.

 

Market Overview

Secondary macronutrients are essential elements that crops need in comparatively large quantities for proper development and growth, in addition to basic macronutrients includes nitrogen, phosphorus, and potassium. These essential nutrients consist of sulfur, magnesium, and calcium.  Calcium is necessary for the synthesis and strength of cell walls, as well as for the absorption of other nutrients by the plant and the growth of its roots. Insufficient levels of secondary macronutrients lead to leaf yellowing, stunted growth, and lower crop production. In order to prevent these nutritional deficiencies, secondary macronutrients are added to the soil and crops in order to provide essential elements and maintain the health of soil and crop.  Additionally, maintaining proper soil fertility levels through fertilization techniques is necessary for the application of secondary macronutrients in agriculture. This enhances crop yield, quality, and resistance to environmental challenges, eventually leading the way for sustainable agricultural production. The market is growing even faster due to the growing demand for high-value crops including fruits and vegetables, along with the increased applications of industrial crops. The increasing demand for food due to the growing worldwide population drives the need to improve agricultural productivity, which further propels the market's growth. The global secondary macronutrients market is being driven by the increasing use of precision farming techniques, which require an appropriate utilization of secondary macronutrients to solve specific soil deficiencies, and enhance overall crop production and resistance in changing conditions.

 

Report Coverage

This research report categorizes the market for the global secondary macronutrients market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global secondary macronutrients market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global secondary macronutrients market.

 

Driving Factors

Farmers' increasing awareness of the need of healthy soil has increased demand for secondary macronutrients such as sulfur, calcium, and magnesium. These essential nutrients enhance the structure of the soil, reduce toxicity, and encourage the uptake of essential macronutrients, all of which result in healthier crops and increased yields. Growing numbers of farmers are using balanced fertilization to boost soil productivity as agriculture transitions to more environmentally friendly practices. Farmers face pressure to give priority to balanced nutrition due to increasing demand from consumers for high-quality products, especially in the food processing and export sectors. Secondary macronutrients support rapid plant growth, resistance to disease, and prolonged shelf life. This development is particularly significant in areas where commercial farming practices are rapidly evolving to adapt to global standards. Additionally, intensive agricultural techniques have decreased soil nutrient levels globally over time, especially in developing countries. Insufficient levels of secondary macronutrients, such sulfur and magnesium, lead to deficiencies in the soil. Governments and agriculture associations promote the application of fertilizers containing secondary macronutrients in order to rejuvenate soils, enhance crop health, and preserve food security.

 

Restraining Factors

The secondary macronutrients are essential for plant health, improper use or abuse of them can have adverse impacts on the environment. If these nutrients are applied excessively, they may generate nutrient runoff into sources of water, which can result in eutrophication condition, in which water bodies become excessively enriched with nutrients, resulting in algal blooms that destroy oxygen and endanger aquatic life. These macronutrients are produced through energy-intensive techniques that increase emissions of greenhouse gases and the effects of global warming. It is critical to identify environmentally suitable substitutes for secondary macronutrients as we work toward more sustainable agriculture methods.

 

Market Segmentation

The global secondary macronutrients market share is classified into nutrients, form, and crop type.

 

• The calcium segment is expected to hold the largest share of the global secondary macronutrients market during the forecast period.   

Based on the nutrients, the global secondary macronutrients market is divided into calcium, magnesium, and sulfur. Among these, the calcium segment is expected to hold the largest share of the global secondary macronutrients market during the forecast period. Sufficient intake of calcium is essential for the proper development of root systems, a healthy fruit set, and the production of high-quality fruit. Simultaneously, it promotes photosynthesis and ensures improved nitrogen usage. Plants develop faster and more effectively in the spring when their root mass is increased by calcium. Additionally, it helps in the development of crop uniformity, which is essential to cultivators of forage and row crops. Sufficient levels of calcium contribute to better soil structure and ventilated, healthy soils

 

• The dry form segment is expected to dominate the global secondary macronutrients market during the forecast period.   

Based on the form, the global secondary macronutrients market is divided into liquid form and dry form. Among these, the dry form segment is expected to dominate the global secondary macronutrients market during the forecast period. Dry forms of secondary macronutrients are convenient for farmers due to they are easy to handle and transport. Secondary macronutrients are usually more affordable in dry form than in liquid. This cost-effectiveness is especially beneficial to farmers who require large quantities of these nutrients. Secondary macronutrients last longer in dry form than in liquid form.  

 

• The fruits & vegetables segment is expected to grow at the highest CAGR in the global secondary macronutrients market during the forecast period.

Based on the crop type, the global secondary macronutrients market is divided into cereals, grains, oilseeds, pulses, and fruits & vegetables. Among these, the fruits & vegetables segment is expected to grow at the highest CAGR in the global secondary macronutrients market during the forecast period. Individuals in developed nations such as the United States, Canada, the United Kingdom, and Germany, among others, are adopting a vegetarian diet, making fruits and vegetables the primary source of vitamins and minerals in their diets. As a result, higher demand is expected to drive up production of these crops. Secondary macronutrient deficiencies can have a significant impact on crop production quality and quantity.

 

Regional Segment Analysis of the Global Secondary Macronutrients Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

Asia Pacific is anticipated to dominate the global secondary macronutrients market over the predicted timeframe.

 

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Asia Pacific is anticipated to dominate the global secondary macronutrients market over the predicted timeframe. Farmers in this area are becoming increasingly conscious of the importance of secondary macronutrients such as calcium, magnesium, and sulfur in improving yields of crops and quality. The expanding emphasis on soil health and nutrient management, as well as local government initiatives supporting balanced fertilization, all contribute to the increased demand for secondary macronutrient products. The Asia Pacific region's agricultural environment is greatly impacted by nations including the China and India. Among the important crops they produce in large quantities are rice, sugar beet, fruits, vegetables, cereals, and grains. An increase in the demand for quality agricultural products is brought about by the growing economy and urbanization of the Asia-Pacific countries, leading to the need for increased crop production and sustainability. Regional market expansion is driven by rising awareness of nutrient deficits and the advantages of fertilizers based on secondary macronutrients.

 

Europe is expected to grow at the fastest pace in the global secondary macronutrients market during the forecast period. The need for fertilizers containing secondary macronutrients has increased as a result of Europe's strong emphasis on sustainable agriculture. The European Union's Green Deal and other comprehensive environmental rules in the region promote soil health. These regulations encourage farmers to use supplementary macronutrients for improved crop yield and soil regeneration, as well as balanced fertilization and organic farming practices. Europe has seen a steady rise in organic farming as consumers seek for healthier, chemical-free produce. The natural replacement of soil nutrients that organic farming methods require raises the need for secondary macronutrient fertilizers including sulfur and magnesium, which are essential for crop health while maintaining soil quality.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global secondary macronutrients market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

• The Mosaic Company
• Yara International ASA
• Nutrien Ltd.
• K+S Aktiengesellschaft
• Compass Minerals International, Inc.
• Israel Chemicals Ltd. (ICL)
• SQM (Sociedad Química y Minera de Chile)
• Haifa Group
• Agrium Inc.
• EuroChem Group AG
• Coromandel International Limited
• Sinofert Holdings Limited
• Tessenderlo Group
• ICL Specialty Fertilizers
• Uralkali PJSC
• Others

 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

 

Recent Developments

• In January 2023, K+S Aktiengesellschaft (Germany) has agreed to take over 75% of Industrial Commodity Holdings (Pty) Ltd (South Africa)'s agricultural input industry.

 

• In July 2023, ICL, a leading global specialized minerals and specific chemicals company, announced the acquisition of Compass Minerals América do Sul S.A., which includes Compass Minerals' South American Plant Nutrition segment, for about US$420 million.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global secondary macronutrients market based on the below-mentioned segments: 

 

Global Secondary Macronutrients Market, By Nutrients

• Calcium
• Sulphur
• Magnesium

 

Global Secondary Macronutrients Market, By Form

• Liquid Form
• Dry Form

 

Global Secondary Macronutrients Market, By Crop Type

• Cereals
• Grains
• Oilseeds
• Pulses
• Fruits & vegetables

 

Global Secondary Macronutrients Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa