The global secondary macronutrients market was valued at USD 38.6 billion in 2022 and is expected to grow to USD 48.5 billion by 2028, reflecting a compound annual growth rate (CAGR) of 4.0% during the forecast period. High-yielding crop varieties require additional nutrients, particularly secondary macronutrients, to optimize their production potential. To meet consumer demand for food that is not only high-yielding but also nutrient rich and of superior quality, a more balanced nutrient supply is essential. These factors are driving the growth of the secondary macronutrients market.
As the global agricultural sector continues to evolve, the role of secondary macronutrients—calcium (Ca), magnesium (Mg), and sulfur (S)—is becoming increasingly critical. These essential nutrients bridge the gap between primary macronutrients like nitrogen, phosphorus, and potassium and the trace elements vital for plant growth. This week, we explore key trends shaping the secondary macronutrients market, challenges faced by stakeholders, and emerging opportunities for innovation and investment.
Secondary Macronutrients Market Trends
- Rising Awareness of Soil Health: Farmers and agronomists are prioritizing soil health to ensure long-term productivity. Secondary macronutrients are integral to improving soil structure, enhancing nutrient uptake, and mitigating deficiencies caused by intensive farming practices.
- Demand for Sustainable Agriculture: With growing global emphasis on sustainability, the use of secondary macronutrients aligns with eco-friendly practices. For example, sulfur enhances nitrogen efficiency, reducing overall fertilizer use and greenhouse gas emissions.
- Technological Innovations: Advanced delivery systems, such as slow-release fertilizers and micronutrient coatings, are revolutionizing the way secondary macronutrients are applied, boosting efficiency and minimizing waste.
- Regional Market Growth: Emerging markets, particularly in Asia-Pacific and Latin America, are witnessing significant growth due to increasing agricultural activity, government subsidies, and the adoption of modern farming techniques.
Secondary Macronutrients Market Opportunities
- Customized Solutions for Diverse Crops: Tailored formulations addressing specific crop and soil needs present a significant growth avenue.
- Digital Agriculture Integration: Precision farming technologies, including soil testing and nutrient mapping, can guide efficient application of secondary macronutrients.
- Collaboration with Governments and NGOs: Partnerships to promote education and subsidize secondary macronutrient use can boost adoption, particularly in developing regions.
Calcium: A Key Nutrient for Market Growth
Calcium is anticipated to hold the largest market share among nutrients during the study period. Adequate calcium intake plays a crucial role in promoting healthy root system development, successful fruit set, and the production of high-quality fruits. Additionally, it enhances photosynthesis efficiency and nitrogen utilization. By increasing root mass, calcium fosters faster and healthier plant growth, particularly in the spring. It also supports crop uniformity, a critical factor for row crops and forage growers. Calcium’s role in improving soil structure leads to aerated, healthy soils, a fundamental requirement for optimal plant growth. However, as calcium is immobile within plants, a consistent supply is essential, driving the expansion of this segment in the secondary macronutrients market.
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Fruits & Vegetables: The Fastest-Growing Crop Segment
The fruits and vegetables segment is projected to grow at the highest compound annual growth rate (CAGR) during the research period. Rising health consciousness across age groups has spurred demand for fresh produce, particularly in developed countries like the United States, Canada, the United Kingdom, and Germany. With the increasing adoption of vegan diets, fruits and vegetables have become a primary source of essential vitamins and minerals. To meet this growing demand, the production of these crops is expected to rise significantly. However, deficiencies in secondary macronutrients, such as calcium, can negatively impact both the quality and quantity of yield. For example, calcium deficiency can lead to small, thickened leaves, reduced vigor, thinning foliage, and diminished fruit production, underscoring the importance of proper nutrient management.
South America is estimated to be the fastest-growing region during the study period.
South America is the fastest-growing region in the secondary macronutrient 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.
Top Secondary Macronutrients Companies:
Key players in this market include Nutrien Ltd. (Canada), Yara (Norway), The Mosaic Company (US), Israel Chemicals Limited (Israel), K+S Aktiengesellschaft (Germany), Nufarm (Australia), SPIC (India), Koch Industries, INC. (US), Coromandel International (India), Deepak Fertilisers and Petrochemicals Corporation Ltd. (India), Haifa Negev Technologies LTD (Israel), Kugler Company (USA), IFFCO (India), Western Nutrient Corporation (US), and Arise Agro Limited (India).