Global Secondary Macronutrients Market, By Nutrient (Sulfur, Calcium, Magnesium), Application Method (Solid Application, Liquid Application), Formulation (Liquid Formulation, Dry Formulation), Crop Type (Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East And Africa) Industry Trends and Forecast To 2028
Market Analysis and Insights : Global Secondary Macronutrients Market
Secondary macronutrients market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 4.20% in the forecast period of 2021 to 2028. The rise in the demand for high-value crops across the globe is escalating the growth of secondary macronutrients.
Secondary macronutrients refer to nutrients including calcium (Ca), magnesium (Mg), and sulfur (S) which are used in cultivation of plants, assistance of plants that are in distress state and enhance the over-all growth of plant. The quantity required of the product is comparatively less than nitrogen, phosphorus, and potash but, more than that of micronutrients. Calcium helps with absorbent of nutrients from the soil, magnesium acts as enzyme activator and boosts growth and Sulfur protects the leaves from premature aging and yellowing.
The expansion of agriculture industry and the growth in popularity of macronutrients for healthy plant growth are the major factors driving the growth of secondary macronutrients market. The increase in demand for high-value crops like fruits and vegetables and enhanced applications for industrial crops accelerate the market growth. The rises in need for escalating agricultural yield, the growing population and food requirement globally also influence the market. The property of pollutant resistance that macronutrients offer to the plants increases its demand. Additionally, the growth in awareness regarding the benefits of secondary macronutrients and limited arable land positively affects the secondary macronutrients market. Furthermore, site-specific nutrient management with the help of precision agriculture, the increase in demand for industrial crops and investment in agricultural operations in the developing nations extend profitable opportunities to the market players.
On the other hand, the rising prevalence of forged products and limited availability of macronutrients in the market are factors expected to obstruct the market growth. The growing change in regulatory frameworks toward environment friendly agricultural practices and lack of awareness about the product are expected to challenge the secondary macronutrients market in the forecast period of 2021-2028.
This secondary macronutrients market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on secondary macronutrients market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Secondary Macronutrients Market Scope and Market Size
Secondary macronutrients market is segmented on the basis of nutrient, application method, formulation and crop type. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of nutrient, the secondary macronutrients market is segmented into sulfur, calcium and magnesium.
- On the basis of application method, the secondary macronutrients market is segmented into solid application and liquid application.
- On the basis of formulation, the secondary macronutrients market is segmented into liquid formulation and dry formulation.
- On the basis of crop type, the secondary macronutrients market is segmented into cereals and grains, oilseeds and pulses, fruits and vegetables and others. Others are further segmented into turf, ornamental crops, forages, stimulation crops, and sugar crops.
Global Secondary Macronutrients Market Country Level Analysis
Secondary macronutrients market is analyzed and market size, volume information is provided by country, nutrient, application method, formulation and crop type as referenced above.
The countries covered in the secondary macronutrients market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the secondary macronutrients market due to the high awareness regarding the utilization of the secondary macronutrients and large agriculture industry in the countries such as China, which is known to be the largest producer of lime, sulfur, and magnesite in the region.
The country section of the secondary macronutrients market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Secondary Macronutrients Market Share Analysis
Secondary macronutrients market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to secondary macronutrients market.
The major players covered in the secondary macronutrients market report are 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, DFPCL., Evergrow, Ameropa Australia Pty Ltd, Calcium Products, Inc., Van Iperen International, U.S. AG, LLC, Agriculture Solutions, Inc., Fertinagro India Private Limited. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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