Secondary Macronutrients Market worth $48.5 billion by 2028 - Exclusive Report by MarketsandMarkets™
Browse in-depth TOC on "Secondary Macronutrients Market"
233 – Tables
57 – Figures
287 – Pages
Calcium is estimated to be the fastest growing segment during the forecast period
Calcium is considered as the most essential element for higher crop productivity. Calcium helps in the better growth of crops which helps in enhancing the quality and yield of plants. It is also responsible for improving the root growth, improving seed and flower formations, and makes the plants resistant to the various pests and diseases. Better results are seen in the crops such as sugarcane, rice, fruits, and vegetables etc. It also helps in the regulation of plant growth and the development of reproductive structures, including flowers and seeds. Plants that receive adequate calcium are stronger and more resilient, with better resistance to pests and diseases. These are the factors which are considered to drive the market for calcium.
Fruits & vegetables segment is projected as the fastest growing segment during the research period
Fruits & vegetables is the fastest growing segment during the forecasted period. The rise in veganism and vegetarianism has led to an increased demand for fruits and vegetables as these diets tend to rely heavily on plant-based foods. An increasing number of people are becoming more health-conscious, and they recognize the importance of consuming fruits and vegetables to maintain good health. These are the factors that are considered to propel the growth of the secondary macronutrient market.
Liquid form is estimated to be the fastest-growing segment during the review period
Secondary macronutrients can be delivered in liquid form in a variety of ways, including as foliar sprays, fertigation, and soil drenches. This gives farmers the freedom to select the optimal technique for their individual crop and growing environment. Secondary macronutrients in liquid form are simple to combine with water or other fertilizers to make a homogenous solution. By doing this, farmers can make sure that the nutrients are dispersed uniformly over the field, which will result in more consistent crop development and higher yields. These are the factors which are driving the growth of the segment.
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South America is estimated to be the fastest growing region during the study period
South America is the fastest growing region in the secondary macronutrients market. South America has a large agricultural sector, which is a significant contributor to the region's economy. The use of secondary macronutrient fertilizers can help farmers improve crop yields and profitability. The availability of secondary macronutrient fertilizers is increasing in the South America region, making it easier and more cost-effective for farmers to use these fertilizers. Many South American countries export agricultural products to other countries, and the use of secondary macronutrient fertilizers can help ensure that these products meet the quality standards required by export markets. and hence it is projected to foster at a higher rate in the secondary macronutrients market.
Eminent players operating in the secondary macronutrients market are Nutrien Ltd. (Canada), Yara (Norway), The Mosaic Company (US), Israel Chemicals Ltd. (Israel), K+S Aktiengesellschaft (Germany), IFFCO (India), Deepak Fertilisers and Petrochemicals Corporation Ltd. (India), Coromandel International Ltd (India), Koch Industries, INC. (US) and Nufarm (Australia) among others.
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