According to a research report published by Spherical Insights & Consulting, Global Secondary Macronutrients Market Size Expected to Grow from USD 38.9 Billion in 2023 to USD 62.5 Billion by 2033, at a CAGR of 4.86% during the forecast period 2023-2033.

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Secondary macronutrients are essential elements that crops need in comparatively large quantities for proper development and growth, in addition to basic macronutrients include nitrogen, phosphorus, and potassium. These vital nutrients include calcium, magnesium, and sulfur. The production and strength of cell walls, the plant’s ability to absorb other nutrients, and the development of its roots all depend on calcium. The need to increase agricultural production is fueled by the growing global population and the resulting increased demand for food, which further fuels market expansion. These vital nutrients improve the soil’s structure, lower toxicity, and promote the uptake of vital macronutrients, all of which lead to more productive and healthy crops. The environment may suffer if secondary macronutrients are misused or misused, even though they are necessary for plant health.

Browse key industry insights spread across 200 pages with 110 Market data tables and figures & charts from the report on the Global Secondary Macronutrients Market Size, Share, and COVID-19 Impact Analysis, By Nutrients (Calcium, Sulfur, and Magnesium), By Form (Liquid Form, and Dry Form), By Crop Type (Cereals, Grains, Oilseeds, Pulses, and Fruits & Vegetables), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.

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

Based on the global secondary macronutrients market is categorized 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. The spring, plants grow more rapidly and effectively when calcium is supplied to the root mass.

It also aids in the development of crop uniformity, which is crucial for row crops and fodder producers. Calcium, a crucial component of plant cell walls, gives plants their strength and allows other elements to be transported and retained normally. It is believed to offset the effects of organic acids and alkali salts in the plant.

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. Farmers find dry versions of secondary macronutrients helpful since they are portable and easy to handle. Dry forms of secondary macronutrients are typically less expensive than liquid ones.

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 macronutrient 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. Compared to fundamental macronutrients like nitrogen, phosphorus, and potassium, plants require smaller amounts of secondary macronutrients like calcium (Ca), magnesium (Mg), and sulfur (S).

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

Asia Pacific is anticipated to dominate the global secondary macronutrients market over the predicted timeframe. The significance of secondary macronutrients like calcium, magnesium, and sulfur in enhancing crop yields and quality is becoming more and more apparent to farmers in this region. The market for secondary macronutrient products is rising as a result of local government programs encouraging balanced fertilization, growing attention to soil health, and nutrient management.

Europe is expected to grow at the fastest pace in the global secondary macronutrients market during the forecast period. Organic farming has steadily increased in Europe as people look for fruit that is free of chemicals and healthier. Soil health is promoted by the European Union’s Green Deal and various regional comprehensive environmental regulations. These rules promote balanced fertilization, organic farming methods, and the use of additional macronutrients for increased crop output and soil regeneration.

Major vendors in the global secondary macronutrients market are The Mosaic Company, Yara International ASA, Nutrien Ltd., K+S Aktiengesellschaft, Compass Minerals International, Inc., Israel Chemicals Ltd. (ICL), SQM (Sociedad Quimica y Minera de Chile), Haifa Group, Agrium Inc., EuroChem Group AG, Coromandel International Limited, Sinofert Holdings Limited, Tessenderlo Group, ICL Specialty Fertilizers, Uralkali PJSC, and Others.

Key Target Audience

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

Key Market Development 

• 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

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About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements.

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