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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.


Report ID : IR1001189 | Industries : Food and Beverage | Published On :May 2024 | Page Count : 246

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  • 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 TOC:
    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