Secondary Macronutrients Market

Secondary Macronutrients Market by Nutrient (Calcium, Magnesium, and Sulfur), Crop Type (Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables), Mode of Application (Solid and Liquid), Form and Region - Global Forecast to 2028

Report Code: AGI 6065 May, 2023, by marketsandmarkets.com

The global secondary macronutrients market size was valued at US$ 38.6 billion in 2022 and is poised to grow from US$ 39.9 billion in 2023 to US$ 48.5 billion by 2028, growing at a CAGR of 4.0% in the forecast period (2023-2028).

The growth of the market is driven by the increasing secondary macronutrient deficiency in the soil and the growing area under cultivation for high-value crops. The deficiency of secondary macronutrients causes yellowing of leaves, stunted growth, and a decrease in crop yield. To avoid these deficiencies, secondary macronutrients are applied to provide essential minerals to crops and soil, thereby maintaining crop and soil health. Intensive farming practices, such as monoculture and excessive use of fertilizers, can lead to soil depletion, which, in turn, reduces the availability of secondary nutrients in the soil. This has led to an increased need for supplementary secondary nutrient fertilizers. As consumers become more health-conscious, there is a growing demand for high-quality, nutrient-dense crops. Secondary nutrients play a critical role in the development and quality of crops, making them an essential component of modern agriculture. These are some of the key factors propelling the growth of secondary nutrients.

Secondary Macronutrients Market Overview

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Secondary Macronutrients Market Overview

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Secondary Macronutrients Market Growth Insights

Drivers: Need for increasing crop production

The consumption of animal products increases as more people enter the middle class, which in turn drives up the demand for grains and other crops to feed the animals. The amount of arable land accessible for farming declines as more people move into urban areas, necessitating an increase in agricultural production on already-existing farmland. In order to supply the needs of the urban population, it is necessary to boost the productivity of already used agricultural land and to investigate novel approaches to food production, such as vertical farming and urban agriculture. The most effective use of secondary nutrients can significantly boost the productivity of currently used agricultural land and support sustainable and creative methods of food production.

Restraints: Rising instances of counterfeit goods

The production of counterfeit items by several rivals decreases consumer loyalty as well as the product brand value. The secondary macronutrients market is expected to increase steadily, which must be capitalized on by manufacturing products that are authentic and effective on a wide range of crops. Counterfeit fertilizers may contain incorrect or insufficient amounts of secondary macronutrients or may be formulated with low-quality ingredients that are not effective in improving plant growth and crop yields. As a result, farmers may experience reduced yields or poor crop quality, and may be forced to purchase additional fertilizers to make up for the lack of effectiveness.

Opportunities: Precision agriculture for nutrient control on site-by-site basis

Precision agriculture includes site-specific nutrient management, which may be applied to any field or crop. It is a technology-based technique of growing crops effectively and on-site using specialized application equipment that can maintain water and nutrients in the root zone. Precision farming has the ability to enhance output and fertilizer usage efficiency by preventing nutrients from leaching from or accumulating in excessive amounts in specific areas of the field. Precision farming is gaining popularity in industrialized nations because of the efficient use of the fertigation method, which has the potential to be a successful instrument in the judicious delivery of secondary nutrients, resulting in decreased application costs. The kind of secondary nutrient and its formulation may be entered into the information system, which can then offer an accurate analysis of the crop's nutrient requirements, application rate, and mixing ratio inside the fertigation system.

Challenges: Utilization of agricultural biologicals in farming

The utilization of agricultural biologicals such as biofertilizers, biopesticides, PGRS, and inoculants is growing rapidly in the agricultural sector. This is because people are getting more concerned and conscious about their health and the environment. Agricultural biologicals are gaining popularity due to their potential to improve crop productivity, enhance soil health, and reduce the environmental impact compared to conventional chemical inputs. This could-be a challenge to the secondary macronutrients. The growing market for various biologicals is being an obstacle for the secondary macronutrients market. The demand for organic food such as organic fruits & vegetables is rising worldwide, which is reducing the demand for synthetic fertilizers.

According to the circular economy of the European Union, the new rules will apply to all types of fertilizers to guarantee the highest levels of soil protection. The Regulation introduces strict limits for cadmium in phosphate fertilizers. The limits will be tightened from 60 mg/kg to 40 mg/kg after 3 years and to 20 mg/kg after 12 years, reducing health and environmental risks. Soil protection will demand less application of fertilizers. The farmers have to apply limited fertilizers to the crops so that it will not affect the quality of the soil. Hence, it can also be a threat for applying the secondary nutrient more than the required amount.

Secondary Macronutrients Market Ecosystem

Key players in market have strong distribution network and have strong financial records. These firms have experience of several years, well established manufacturing facilities, r&d centers, and skilled workforce. Prominent players in this market include Nutrien Ltd. (Canada), Yara (Norway), The Mosaic Company (US), Israel Chemicals Limited (Israel), and K+S Aktiengesellschaft (Germany).

Secondary Macronutrients Market Ecosystem

By nutrient, calcium is projected to gain largest share in the market during the study period

Adequate calcium intake is key to normal root system development, healthy fruit set, and high-quality fruit development. At the same time, it stimulates photosynthesis and ensures more efficient utilization of nitrogen. Calcium increases root mass, resulting in faster and better growth of plants in spring. It also helps promote crop uniformity, an important factor for row crops and forage growers. Optimal amounts of calcium help improve soil structure, ensuring healthy, aerated soils. Calcium is immobile in plants, so a continuous supply is essential. Thus, driving the growth of segment in the secondary macronutrients market.

By crop type, fruits & vegetables is forecasted to grow at highest CAGR in the market during the research period

With increasing health awareness across people of different age groups, the demand for fresh foods, fruits & vegetables in particular, is growing rapidly. In developed countries such as US, Canada, UK, Germany, among others, people are adopting veganism which makes fruits & vegetables major source of vitamins and mineral in their diet. Thus, production of these crops is predicted to increase with increased demand. Deficiency of secondary macronutrients can severely affect the yield quality as well as quantity of these crops. For instance, calcium deficiency produces small, thickened leaves and causes loss of vigor, thinning of foliage, and decreased fruit production.

By mode of application, liquid segment is anticipated to occupy major share in the secondary macronutrients market during the study period

Liquid spraying methods improve plant response in terms of accuracy and nutrient availability to plants. Liquid fertilizer is applied evenly and precisely to the edge of the field, unlike granular application. One advantage of liquid spraying is that the liquid penetrates the soil more quickly, allowing plants to access nutrients sooner. Some plants will see immediate results from this application. In fact, many growers use this type of fertilizer early in the season to ensure rapid root growth so that the plants can take root when they absolutely need to. Its precision allows farmers to aim their crops more efficiently, and the nutrients are used exactly where plants need them.

By form, dry segment is forecasted to gain the major share in the market during the review period

Dry fertilizers have the advantage of slow release of nutrients and can generally be stored longer than some liquid fertilizers without the danger of "settling" over time. It is usually inexpensive when purchased in bulk and has long-lasting nutrients, making it a good choice for fertilizing fields before planting. Dry fertilizers are usually formulated in granular form. Fertilizer blending is accomplished by blending individual granular fertilizers of known assay (e.g. 46-0-0, 18-46-0, and 0-0-60) in the correct proportions to obtain the desired blend. If farmers had access to custom-blended granular fertilizers, they could optimize crop fertility programs and improve crop production efficiency. This allows for more profitable crop production.

Secondary Macronutrients Market by Region

Several major countries in Asia Pacific region such as India are still agricultural economies with most of the population having agriculture as their main occupations. The governments in the region are promoting soil testing so that the farmers can supplement essential nutrients to crops which are not present in soil in sufficient quantities. The increasing modern agricultural practices and requirement of high-quality agricultural produce are expected to drive the market in the region.

Key Players in Secondary Macronutrients Industry

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).

Secondary Macronutrients Market Scope

Report Metric

Details

Market Valuation in 2023

USD 39.9 billion

Revenue Forecast in 2028

USD 48.5 billion

Growth Rate

CAGR of 4.0% from 2023 to 2028

Forecast Period Considered

2023–2028

Geographies Covered

North America, Asia Pacific, Europe, South America, and RoW

Key Companies studied

  • Nutrien Ltd. (Canada)
  • Yara (Norway)
  • The Mosaic Company (US)
  • Israel Chemicals Ltd. (Israel)
  • K+S Aktiengesellschaft (Germany)
  • Nufarm (Australia)
  • SPIC (India)
  • Koch Industries, INC. (US)
  • Coromandel International Ltd (India)
  • Deepak Fertilisers and Petrochemicals Corporation Ltd. (Pune)
  • Haifa Negev Technologies LTD (Israel)

Secondary Macronutrients Market Segmentation

The study categorizes the secondary macronutrients market based on by nutrient, by crop type, by mode of application, by form, and region.

Market By Nutrient
  • Calcium
  • Sulfur
  • Magnesium
Market By Crop type
  • Cereals & grains
    • Corn
    • Wheat
    • Rice
    • Other cereals & grains
  • Oilseeds & pulses
    • Soybean
    • Sunflower
    • Other oilseeds & pulses
  • Fruits & vegetables
    • Root & tuber vegetables
    • Leafy vegetables
    • Pome fruits
    • Berries
    • Citrus fruits
    • Other fruits & vegetables
  • Other crop types
Market By Application
  • Liquid application
    • Fertigation
    • Foliar
    • Other liquid mode of applications
  • Solid application
    • Broadcasting
    • Deep Tillage
    • Localized Placement
Market By Form
  • Dry form
  • Liquid form
Market By Region
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Row (Africa and Middle East)

Recent Developments

  • In January 2023, K+S Aktiengesellschaft (Germany) accepted to acquire 75% of the agricultural input business of Industrial Commodities Holdings (Pty) Ltd (South Africa).
  • In August 2022, Koch Industries, INC. (US) announced expansion of its production capacity with new manufacturing plant at Dodge City, Kansas, US. It will produce 35,000 tons of UAN per year.
  • In March 2022, The Haifa Group signed with HORTICOOP BV a purchase agreement acquiring Horticoop Andina. Upon acquiring the brand, Haifa is expected to broaden its scope of activities in Ecuador and the surrounding Latin market and continue to establish its status as an international superbrand in advanced plant nutrition.

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TABLE OF CONTENTS
 
1 SECONDARY MACRONUTRIENTS MARKET INTRODUCTION (Page No. - 36)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 STUDY SCOPE 
           FIGURE 1 SECONDARY MACRONUTRIENTS: MARKET SEGMENTATION
           1.3.1 INCLUSIONS AND EXCLUSIONS
    1.4 REGIONS COVERED 
    1.5 YEARS CONSIDERED 
    1.6 UNITS CONSIDERED 
           1.6.1 CURRENCY
                    TABLE 1 USD EXCHANGE RATES CONSIDERED, 2018–2022
           1.6.2 VOLUME
    1.7 STAKEHOLDERS 
    1.8 SUMMARY OF CHANGES 
 
2 RESEARCH METHODOLOGY (Page No. - 42)
    2.1 RESEARCH DATA 
           FIGURE 2 MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key industry insights
                    2.1.2.2 Breakdown of primary interviews
                               FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
    2.2 MARKET SIZE ESTIMATION 
           2.2.1 MARKET SIZE ESTIMATION – SUPPLY SIDE
           2.2.2 ARKET SIZE ESTIMATION – DEMAND SIDE
                    FIGURE 4 MARKET: BOTTOM-UP APPROACH
           2.2.3 TOP-DOWN APPROACH
                    FIGURE MARKET: TOP-DOWN APPROACH
    2.3 GROWTH RATE FORECAST ASSUMPTION 
    2.4 DATA TRIANGULATION 
           FIGURE 6 DATA TRIANGULATION
    2.5 RECESSION IMPACT ANALYSIS 
    2.6 RESEARCH ASSUMPTIONS 
    2.7 RESEARCH LIMITATIONS & ASSOCIATED RISKS 
 
3 EXECUTIVE SUMMARY (Page No. - 53)
    TABLE 2 SECONDARY MACRONUTRIENTS MARKET SNAPSHOT, 2023 VS. 2028 
    FIGURE 7 MARKET, BY MODE OF APPLICATION, 2023 VS. 2028 (USD BILLION) 
    FIGURE 8 MARKET, BY NUTRIENT, 2023 VS. 2028 (USD BILLION) 
    FIGURE 9 MARKET, BY CROP TYPE, 2023 VS. 2028 (USD BILLION) 
    FIGURE 10 MARKET, BY FORM, 2023 VS. 2028 (USD BILLION) 
    FIGURE 11 MARKET SHARE AND GROWTH RATE (VALUE), BY REGION 
 
4 PREMIUM INSIGHTS (Page No. - 58)
    4.1 ATTRACTIVE OPPORTUNITIES FOR SECONDARY MACRONUTRIENT MARKET PLAYERS 
           FIGURE 12 ASIA PACIFIC TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
    4.2 EUROPE: MARKET, BY KEY CROP TYPE AND COUNTRY 
           FIGURE 13 RUSSIA AND CEREALS & GRAINS ACCOUNTED FOR LARGEST SHARES IN 2022
    4.3 MARKET, BY NUTRIENT, 2023 VS. 2028 
           FIGURE 14 CALCIUM TO DOMINATE MARKET DURING FORECAST PERIOD
    4.4 MARKET, BY CROP TYPE, 2023 VS. 2028 
           FIGURE 15 CEREALS & GRAINS TO DOMINATE MARKET DURING FORECAST PERIOD
    4.5 MARKET, BY MODE OF APPLICATION, 2023 VS. 2028 
           FIGURE 16 LIQUID APPLICATION TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
    4.6 MARKET, BY FORM, 2023 VS. 2028 
           FIGURE 17 DRY FORM TO DOMINATE MARKET DURING FORECAST PERIOD
    4.7 SECONDARY MACRONUTRIENTS MARKET, BY NUTRIENT AND REGION, 2023 AND 2028 
           FIGURE 18 ASIA PACIFIC AND CALCIUM TO DOMINATE DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 63)
    5.1 INTRODUCTION 
    5.2 MACROECONOMIC INDICATORS INFLUENCING MARKET 
           5.2.1 POPULATION GROWTH AND DEMAND FOR DIVERSE FOOD PRODUCTS
                    FIGURE 19 POPULATION GROWTH TREND, 1950–2050 (MILLION)
           5.2.2 ARABLE LAND CONSTRAINTS
    5.3 MARKET DYNAMICS 
           FIGURE 20 MARKET DYNAMICS: MARKET
           5.3.1 DRIVERS
                    5.3.1.1 Need to increase crop production
                               FIGURE 21 US: CEREAL PRODUCTION, 2017–2021 (MILLION METRIC TONS)
                    5.3.1.2 Increased demand for high-value crops like fruits & vegetables
                               FIGURE 22 WORLD FRUIT PRODUCTION, BY COUNTRY, 2017–2020 (HECTARES)
                    5.3.1.3 Soil degradation and deficiencies due to absence of secondary nutrients
                    5.3.1.4 Advancements in agricultural research and technology
                    5.3.1.5 Crop quality and market demand
           5.3.2 RESTRAINTS
                    5.3.2.1 Price volatility and fluctuations in global market
                    5.3.2.2 Rising instances of counterfeit goods
           5.3.3 OPPORTUNITIES
                    5.3.3.1 Precision agriculture for nutrient control on site-by-site basis
                    5.3.3.2 Rising investments in agricultural enterprises from emerging economies
                    5.3.3.3 Integrated nutrient management (INM)
           5.3.4 CHALLENGES
                    5.3.4.1 Utilization of agricultural biologicals in farming
                    5.3.4.2 Lack of regulatory standards
 
6 INDUSTRY TRENDS (Page No. - 73)
    6.1 INTRODUCTION 
    6.2 VALUE CHAIN ANALYSIS 
           6.2.1 RESEARCH AND PRODUCT DEVELOPMENT
           6.2.2 SOURCING
           6.2.3 MANUFACTURING
           6.2.4 SALES & DISTRIBUTION
           6.2.5 END CONSUMERS
                    FIGURE 23 VALUE CHAIN ANALYSIS OF SECONDARY MACRONUTRIENTS MARKET
    6.3 SUPPLY CHAIN ANALYSIS 
           6.3.1 PROMINENT COMPANIES
           6.3.2 SMALL AND MEDIUM ENTERPRISES (SMES)
           6.3.3 END USERS
           6.3.4 KEY INFLUENCERS
                    FIGURE 24 MARKET: SUPPLY CHAIN
    6.4 TECHNOLOGY ANALYSIS 
           6.4.1 NANOFERTILIZERS
           6.4.2 PRECISION FERTILIZATION OF SECONDARY MACRONUTRIENTS
    6.5 PRICE TREND ANALYSIS 
           6.5.1 AVERAGE SELLING PRICE, BY NUTRIENT
                    FIGURE 25 GLOBAL AVERAGE SELLING PRICE, BY NUTRIENT
                    TABLE 3 SECONDARY MACRONUTRIENTS: AVERAGE SELLING PRICE (ASP), BY REGION, 2020–2022 (USD/TON)
                    TABLE 4 SECONDARY MACRONUTRIENTS: AVERAGE SELLING PRICE (ASP), BY NUTRIENT, 2020–2022 (USD/TON)
                    TABLE 5 AVERAGE SELLING PRICE OF KEY MARKET PLAYERS, BY NUTRIENT, 2022 (USD/TON)
    6.6 MARKET MAPPING AND ECOSYSTEM ANALYSIS 
           6.6.1 SUPPLY-SIDE ANALYSIS
           6.6.2 DEMAND-SIDE ANALYSIS
                    FIGURE 26 MARKET MAP
                    TABLE 6 MARKET: SUPPLY CHAIN ECOSYSTEM
    6.7 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 
           FIGURE 27 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
    6.8 TRADE ANALYSIS 
           TABLE 7 EXPORT VALUE OF MINERAL OR CHEMICAL NITROGENOUS FERTILIZERS, BY KEY COUNTRY, 2021
           TABLE 8 IMPORT VALUE OF MINERAL OR CHEMICAL NITROGENOUS FERTILIZERS, BY KEY COUNTRY, 2021
           TABLE 9 EXPORT VALUE OF MINERAL OR CHEMICAL NITROGENOUS FERTILIZERS, BY KEY COUNTRY, 2020
           TABLE 10 IMPORT VALUE OF MINERAL OR CHEMICAL NITROGENOUS FERTILIZERS, BY KEY COUNTRY, 2020
           TABLE 11 EXPORT VALUE OF MINERAL OR CHEMICAL PHOSPHATIC FERTILIZERS, BY KEY COUNTRY, 2021
           TABLE 12 IMPORT VALUE OF MINERAL OR CHEMICAL PHOSPHATIC FERTILIZERS, BY KEY COUNTRY, 2021
           TABLE 13 EXPORT VALUE OF MINERAL OR CHEMICAL PHOSPHATIC FERTILIZERS, BY KEY COUNTRY, 2020
           TABLE 14 IMPORT VALUE OF MINERAL OR CHEMICAL PHOSPHATIC FERTILIZERS, BY KEY COUNTRY, 2020
           TABLE 15 EXPORT VALUE OF MINERAL OR CHEMICAL POTASSIC FERTILIZERS, BY KEY COUNTRY, 2021
           TABLE 16 IMPORT VALUE OF MINERAL OR CHEMICAL POTASSIC FERTILIZERS, BY KEY COUNTRY, 2021
           TABLE 17 EXPORT VALUE OF MINERAL OR CHEMICAL POTASSIC FERTILIZERS, BY KEY COUNTRY, 2020
           TABLE 18 IMPORT VALUE OF MINERAL OR CHEMICAL POTASSIC FERTILIZERS, BY KEY COUNTRY, 2020
           TABLE 19 EXPORT VALUE OF MINERAL OR CHEMICAL FERTILIZERS, BY KEY COUNTRY, 2021
           TABLE 20 IMPORT VALUE OF MINERAL OR CHEMICAL FERTILIZERS, BY KEY COUNTRY, 2021
           TABLE 21 EXPORT VALUE OF MINERAL OR CHEMICAL FERTILIZERS, BY KEY COUNTRY, 2020
           TABLE 22 IMPORT VALUE OF MINERAL OR CHEMICAL FERTILIZERS, BY KEY COUNTRY, 2020
    6.9 PATENT ANALYSIS 
           FIGURE 28 PATENTS GRANTED FOR SECONDARY MACRONUTRIENTS MARKET, 2013–2022
           FIGURE 29 REGIONAL ANALYSIS OF PATENTS GRANTED FOR SECONDARY MACRONUTRIENTS, 2013–2022
           TABLE 23 PATENTS PERTAINING TO SECONDARY MACRONUTRIENTS, 2013–2022
    6.1 PORTER’S FIVE FORCES ANALYSIS 
           TABLE 24 MARKET: PORTER’S FIVE FORCES ANALYSIS
           6.10.1 INTENSITY OF COMPETITIVE RIVALRY
           6.10.2 BARGAINING POWER OF SUPPLIERS
           6.10.3 BARGAINING POWER OF BUYERS
           6.10.4 THREAT OF SUBSTITUTES
           6.10.5 THREAT OF NEW ENTRANTS
    6.11 CASE STUDIES 
                    TABLE 25 NUTRIEN LTD. LAUNCHED MAP+MST HOMOGENOUS FERTILIZER
                    TABLE 26 INTRODUCTION OF CRF COATING BY ISRAEL CHEMICALS LIMITED
    6.12 KEY CONFERENCES AND EVENTS, 2023–2024 
                    TABLE 27 KEY CONFERENCES AND EVENTS IN MARKET, 2023–2024
    6.13 TARIFF AND REGULATORY LANDSCAPE 
                    TABLE 28 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 29 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 30 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 31 SOUTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    6.14 REGULATORY FRAMEWORK 
           6.14.1 NORTH AMERICA
                    6.14.1.1 US
                    6.14.1.2 Canada
           6.14.2 EUROPE
                    6.14.2.1 Germany
                    6.14.2.2 Italy
           6.14.3 ASIA PACIFIC
                    6.14.3.1 China
                    6.14.3.2 Australia
                    6.14.3.3 India
           6.14.4 SOUTH AMERICA
                    6.14.4.1 Brazil
    6.15 KEY STAKEHOLDERS AND BUYING CRITERIA 
           6.15.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 30 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR KEY TYPES
                    TABLE 32 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE TYPES
           6.15.2 BUYING CRITERIA
                    TABLE 33 KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS
                    FIGURE 31 KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS
 
7 SECONDARY MACRONUTRIENTS MARKET, BY NUTRIENT (Page No. - 106)
    7.1 INTRODUCTION 
           FIGURE 32 CALCIUM TO DOMINATE MARKET THROUGHOUT FORECAST PERIOD
           TABLE 34 MARKET, BY NUTRIENT, 2018–2022 (USD BILLION)
           TABLE 35 MARKET, BY NUTRIENT, 2023–2028 (USD BILLION)
           TABLE 36 MARKET, BY NUTRIENT, 2018–2022 (KT)
           TABLE 37 MARKET, BY NUTRIENT, 2023–2028 (KT)
    7.2 CALCIUM 
           7.2.1 INCREASED USAGE OF CALCIUM ON WIDE RANGE OF CROPS TO FUEL GROWTH
                    TABLE 38 CALCIUM: MARKET, BY REGION, 2018–2022 (USD BILLION)
                    TABLE 39 CALCIUM: MARKET, BY REGION, 2023–2028 (USD BILLION)
                    TABLE 40 CALCIUM: MARKET, BY REGION, 2018–2022 (KT)
                    TABLE 41 CALCIUM: MARKET, BY REGION, 2023–2028 (KT)
    7.3 SULFUR 
           7.3.1 SULFUR’S IMPACT ON CROP YIELD AND QUALITY TO DRIVE GROWTH
                    TABLE 42 SULFUR: MARKET, BY REGION, 2018–2022 (USD BILLION)
                    TABLE 43 SULFUR: MARKET, BY REGION, 2023–2028 (USD BILLION)
                    TABLE 44 SULFUR: MARKET, BY REGION, 2018–2022 (KT)
                    TABLE 45 SULFUR: MARKET, BY REGION, 2023–2028 (KT)
    7.4 MAGNESIUM 
           7.4.1 MAGNESIUM’S ROLE IN PLANT RESILIENCE TO ENVIRONMENTAL STRESSES TO CONTRIBUTE TO GROWTH
                    TABLE 46 MAGNESIUM: MARKET, BY REGION, 2018–2022 (USD BILLION)
                    TABLE 47 MAGNESIUM: MARKET, BY REGION, 2023–2028 (USD BILLION)
                    TABLE 48 MAGNESIUM: MARKET, BY REGION, 2018–2022 (KT)
                    TABLE 49 MAGNESIUM: MARKET, BY REGION, 2023–2028 (KT)
 
8 SECONDARY MACRONUTRIENTS MARKET, BY FORM (Page No. - 116)
    8.1 INTRODUCTION 
           FIGURE 33 DRY FORM TO DOMINATE MARKET THROUGHOUT FORECAST PERIOD
           TABLE 50 MARKET, BY FORM, 2018–2022 (USD BILLION)
           TABLE 51 MARKET, BY FORM, 2023–2028 (USD BILLION)
    8.2 DRY FORM 
           8.2.1 EASE OF STORAGE AND LONGER SHELF LIFE TO BOOST GROWTH
                    TABLE 52 DRY FORM: MARKET, BY REGION, 2018–2022 (USD BILLION)
                    TABLE 53 DRY FORM: MARKET, BY REGION, 2023–2028 (USD BILLION)
    8.3 LIQUID FORM 
           8.3.1 QUICK NUTRIENT SUPPLY TO CROPS TO DRIVE MARKET GROWTH
                    TABLE 54 LIQUID FORM: MARKET, BY REGION, 2018–2022 (USD BILLION)
                    TABLE 55 LIQUID FORM: MARKET, BY REGION, 2023–2028 (USD BILLION)
 
9 MARKET, BY MODE OF APPLICATION (Page No. - 121)
    9.1 INTRODUCTION 
           FIGURE 34 LIQUID APPLICATION PROJECTED TO DOMINATE MARKET THROUGHOUT FORECAST PERIOD
           TABLE 56 MARKET, BY MODE OF APPLICATION, 2018–2022 (USD BILLION)
           TABLE 57 MARKET, BY MODE OF APPLICATION, 2023–2028 (USD BILLION)
    9.2 LIQUID APPLICATION 
           TABLE 58 LIQUID APPLICATION: MARKET, BY REGION, 2018–2022 (USD BILLION)
           TABLE 59 LIQUID APPLICATION: MARKET, BY REGION, 2023–2028 (USD BILLION)
           TABLE 60 LIQUID APPLICATION: MARKET, BY SUBTYPE, 2018–2022 (USD BILLION)
           TABLE 61 LIQUID APPLICATION: MARKET, BY SUBTYPE, 2023–2028 (USD BILLION)
           9.2.1 FERTIGATION
                    9.2.1.1 Improved efficiency and customizable nutrient application to lead to increased crop yield and quality
           9.2.2 FOLIAR
                    9.2.2.1 Targeted nutrient delivery with foliar method to lead to improved plant health
                               TABLE 62 FOLIAR: MARKET, BY NUTRIENT, 2018–2022 (USD BILLION)
                               TABLE 63 FOLIAR: MARKET, BY NUTRIENT, 2023–2028 (USD BILLION)
           9.2.3 OTHER LIQUID MODES OF APPLICATION
                    9.2.3.1 Targeting of nutrients and reduced risk of nutrient loss to drive growth
    9.3 SOLID APPLICATION 
           TABLE 64 SOLID APPLICATION: MARKET, BY REGION, 2018–2022 (USD BILLION)
           TABLE 65 SOLID APPLICATION: MARKET, BY REGION, 2023–2028 (USD BILLION)
           TABLE 66 SOLID APPLICATION: MARKET, BY SUBTYPE, 2018–2022 (USD BILLION)
           TABLE 67 SOLID APPLICATION: MARKET, BY SUBTYPE, 2023–2028 (USD BILLION)
           9.3.1 BROADCASTING
                    9.3.1.1 Easy adoption and ability to provide nutrients in wide areas to drive growth
           9.3.2 DEEP TILLAGE
                    9.3.2.1 Deep tillage to Improve fertility and texture of soil
           9.3.3 LOCALIZED PLACEMENT
                    9.3.3.1 Localized placement to provide nutrients to crops in optimum amount
 
10 SECONDARY MACRONUTRIENTS MARKET, BY CROP TYPE (Page No. - 129)
     10.1 INTRODUCTION 
               FIGURE 35 CEREALS & GRAINS PROJECTED TO DOMINATE MARKET THROUGHOUT FORECAST PERIOD
               TABLE 68 MARKET, BY CROP TYPE, 2018–2022 (USD BILLION)
               TABLE 69 MARKET, BY CROP TYPE, 2023–2028 (USD BILLION)
     10.2 CEREALS & GRAINS 
               TABLE 70 CEREALS & GRAINS: MARKET, BY REGION, 2018–2022 (USD BILLION)
               TABLE 71 CEREALS & GRAINS: MARKET, BY REGION, 2023–2028 (USD BILLION)
               TABLE 72 CEREALS & GRAINS: MARKET, BY SUBTYPE, 2018–2022 (USD BILLION)
               TABLE 73 CEREALS & GRAINS: MARKET, BY SUBTYPE, 2023–2028 (USD BILLION)
             10.2.1 CORN
                       10.2.1.1 Abundance of secondary macronutrients to drive production of corn
             10.2.2 WHEAT
                       10.2.2.1 Reputation of wheat as major staple food to drive demand for secondary macronutrients
             10.2.3 RICE
                       10.2.3.1 Versatility of rice to drive usage of secondary macronutrients
             10.2.4 OTHER CEREALS & GRAINS
                       10.2.4.1 Industrial uses of sorghum, barley, and oats to fuel demand for secondary macronutrients
     10.3 OILSEEDS & PULSES 
               TABLE 74 OILSEEDS & PULSES: MARKET, BY REGION, 2018–2022 (USD BILLION)
               TABLE 75 OILSEEDS & PULSES: MARKET, BY REGION, 2023–2028 (USD BILLION)
               TABLE 76 OILSEEDS & PULSES: MARKET, BY SUBTYPE, 2018–2022 (USD BILLION)
               TABLE 77 OILSEEDS & PULSES: MARKET, BY SUBTYPE, 2023–2028 (USD BILLION)
             10.3.1 SOYBEAN
                       10.3.1.1 Increased demand for soybean due to nutritional properties to drive growth of secondary macronutrients
             10.3.2 SUNFLOWER
                       10.3.2.1 Economic importance and ornamental value of sunflower to drive demand for secondary macronutrients
             10.3.3 OTHER OILSEEDS & PULSES
                       10.3.3.1 High nutritional value and drought resistance of these subtypes to contribute to market growth
     10.4 FRUITS & VEGETABLES 
               TABLE 78 FRUITS & VEGETABLES: MARKET, BY REGION, 2018–2022 (USD BILLION)
               TABLE 79 FRUITS & VEGETABLES: SECONDARY MACRONUTRIENTS MARKET, BY REGION, 2023–2028 (USD BILLION)
               TABLE 80 FRUITS & VEGETABLES: MARKET, BY SUBTYPE, 2018–2022 (USD BILLION)
               TABLE 81 FRUITS & VEGETABLES: MARKET, BY SUBTYPE, 2023–2028 (USD BILLION)
             10.4.1 ROOT & TUBER VEGETABLES
                       10.4.1.1 Secondary macronutrients to add value to root & tuber crops
             10.4.2 LEAFY VEGETABLES
                       10.4.2.1 Versatility of leafy vegetables in culinary applications to drive demand for secondary macronutrients
             10.4.3 POME FRUITS
                       10.4.3.1 Convenience of pome fruits due to shelf life to fuel growth of secondary macronutrients
             10.4.4 BERRIES
                       10.4.4.1 Increased yield and profitability in berry cultivation to drive market growth
             10.4.5 CITRUS FRUITS
                       10.4.5.1 Meeting export demand with high-quality citrus fruits to fuel growth
             10.4.6 OTHER FRUITS & VEGETABLES
                       10.4.6.1 Suitability for cultivation in diverse climates and soil types to drive growth
     10.5 OTHER CROP TYPES 
             10.5.1 ORNAMENTALS, TURF, AND FORAGE CROPS FOR AESTHETICS, LIVESTOCK FEED, AND ENVIRONMENTAL BENEFITS TO DRIVE MARKET
                       TABLE 82 OTHER CROP TYPES: MARKET, BY REGION, 2018–2022 (USD BILLION)
                       TABLE 83 OTHER CROP TYPES: MARKET, BY REGION, 2023–2028 (USD BILLION)
 
11 SECONDARY MACRONUTRIENTS MARKET, BY REGION (Page No. - 145)
     11.1 INTRODUCTION 
               FIGURE 36 BRAZIL TO WITNESS HIGHEST GROWTH RATE AMONG COUNTRY-LEVEL MARKETS
               TABLE 84 MARKET, BY REGION, 2018–2022 (USD BILLION)
               TABLE 85 MARKET, BY REGION, 2023–2028 (USD BILLION)
               TABLE 86 MARKET, BY REGION, 2018–2022 (KT)
               TABLE 87 MARKET, BY REGION, 2023–2028 (KT)
     11.2 NORTH AMERICA 
             11.2.1 RECESSION IMPACT ANALYSIS
                       FIGURE 37 NORTH AMERICA: RECESSION IMPACT ANALYSIS SNAPSHOT
                       TABLE 88 NORTH AMERICA: MARKET, BY COUNTRY, 2018–2022 (USD BILLION)
                       TABLE 89 NORTH AMERICA: MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
                       TABLE 90 NORTH AMERICA: MARKET, BY NUTRIENT, 2018–2022 (USD BILLION)
                       TABLE 91 NORTH AMERICA: MARKET, BY NUTRIENT, 2023–2028 (USD BILLION)
                       TABLE 92 NORTH AMERICA: MARKET, BY NUTRIENT, 2018–2022 (KT)
                       TABLE 93 NORTH AMERICA: MARKET, BY NUTRIENT, 2023–2028 (KT)
                       TABLE 94 NORTH AMERICA: MARKET, BY MODE OF APPLICATION, 2018–2022 (USD BILLION)
                       TABLE 95 NORTH AMERICA: MARKET, BY MODE OF APPLICATION, 2023–2028 (USD BILLION)
                       TABLE 96 NORTH AMERICA: MARKET, BY FORM, 2018–2022 (USD BILLION)
                       TABLE 97 NORTH AMERICA: MARKET, BY FORM, 2023–2028 (USD BILLION)
                       TABLE 98 NORTH AMERICA: MARKET, BY CROP TYPE, 2018–2022 (USD BILLION)
                       TABLE 99 NORTH AMERICA: MARKET, BY CROP TYPE, 2023–2028 (USD BILLION)
             11.2.2 US
                       11.2.2.1 Increasing consumer demand for food to lead to higher usage of secondary macronutrients in US agriculture
                                   TABLE 100 US: MARKET, BY MODE OF APPLICATION, 2018–2022 (USD BILLION)
                                   TABLE 101 US: MARKET, BY MODE OF APPLICATION, 2023–2028 (USD BILLION)
             11.2.3 CANADA
                       11.2.3.1 Strong trading relationships and increasing crop exports to present opportunities in Canada
                                   TABLE 102 CANADA: MARKET, BY MODE OF APPLICATION, 2018–2022 (USD BILLION)
                                   TABLE 103 CANADA: MARKET, BY MODE OF APPLICATION, 2023–2028 (USD BILLION)
             11.2.4 MEXICO
                       11.2.4.1 Rising cultivation of major crops in Mexico to drive market for secondary macronutrients
                                   TABLE 104 MEXICO: MARKET, BY MODE OF APPLICATION, 2018–2022 (USD BILLION)
                                   TABLE 105 MEXICO: MARKET, BY MODE OF APPLICATION, 2023–2028 (USD BILLION)
     11.3 ASIA PACIFIC 
               FIGURE 38 APAC: MARKET SNAPSHOT
             11.3.1 RECESSION IMPACT ANALYSIS
                       FIGURE 39 APAC: RECESSION IMPACT ANALYSIS SNAPSHOT
                       TABLE 106 APAC: MARKET, BY COUNTRY, 2018–2022 (USD BILLION)
                       TABLE 107 APAC: SECONDARY MACRONUTRIENTS MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
                       TABLE 108 APAC: MARKET, BY NUTRIENT, 2018–2022 (USD BILLION)
                       TABLE 109 APAC: MARKET, BY NUTRIENT, 2023–2028 (USD BILLION)
                       TABLE 110 APAC: MARKET, BY NUTRIENT, 2018–2022 (KT)
                       TABLE 111 APAC: MARKET, BY NUTRIENT, 2023–2028 (KT)
                       TABLE 112 APAC: MARKET, BY MODE OF APPLICATION, 2018–2022 (USD BILLION)
                       TABLE 113 APAC: MARKET, BY MODE OF APPLICATION, 2023–2028 (USD BILLION)
                       TABLE 114 APAC: MARKET, BY FORM, 2018–2022 (USD BILLION)
                       TABLE 115 APAC: MARKET, BY FORM, 2023–2028 (USD BILLION)
                       TABLE 116 APAC: MARKET, BY CROP TYPE, 2018–2022 (USD BILLION)
                       TABLE 117 APAC: MARKET, BY CROP TYPE, 2023–2028 (USD BILLION)
             11.3.2 INDIA
                       11.3.2.1 Changing cropping pattern and stress to drive market growth
                                   TABLE 118 INDIA: MARKET, BY MODE OF APPLICATION, 2018–2022 (USD BILLION)
                                   TABLE 119 INDIA: MARKET, BY MODE OF APPLICATION, 2023–2028 (USD BILLION)
             11.3.3 JAPAN
                       11.3.3.1 Increased efficiency and effectiveness of fertilizers containing secondary macronutrients to drive growth
                                   TABLE 120 JAPAN: MARKET, BY MODE OF APPLICATION, 2018–2022 (USD BILLION)
                                   TABLE 121 JAPAN: MARKET, BY MODE OF APPLICATION, 2023–2028 (USD BILLION)
             11.3.4 CHINA
                       11.3.4.1 Population growth and income increase to drive demand for nutrient-rich foods
                                   TABLE 122 CHINA: MARKET, BY MODE OF APPLICATION, 2018–2022 (USD BILLION)
                                   TABLE 123 CHINA: MARKET, BY MODE OF APPLICATION, 2023–2028 (USD BILLION)
             11.3.5 AUSTRALIA & NEW ZEALAND
                       11.3.5.1 Improved crop quality and export opportunities to fuel market for secondary macronutrients
                                   TABLE 124 AUSTRALIA & NEW ZEALAND: MARKET, BY MODE OF APPLICATION, 2018–2022 (USD BILLION)
                                   TABLE 125 AUSTRALIA & NEW ZEALAND: MARKET, BY MODE OF APPLICATION, 2023–2028 (USD BILLION)
             11.3.6 REST OF ASIA PACIFIC
                       11.3.6.1 Rising demand for premium food to drive market for secondary macronutrients
                                   TABLE 126 REST OF ASIA PACIFIC: MARKET, BY MODE OF APPLICATION, 2018–2022 (USD BILLION)
                                   TABLE 127 REST OF ASIA PACIFIC: MARKET, BY MODE OF APPLICATION, 2023–2028 (USD BILLION)
     11.4 EUROPE 
             11.4.1 RECESSION IMPACT ANALYSIS
                       FIGURE 40 EUROPE: MARKET RECESSION IMPACT ANALYSIS SNAPSHOT
                       TABLE 128 EUROPE: MARKET, BY COUNTRY, 2018–2022 (USD BILLION)
                       TABLE 129 EUROPE: MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
                       TABLE 130 EUROPE: MARKET, BY NUTRIENT, 2018–2022 (USD BILLION)
                       TABLE 131 EUROPE: SECONDARY MACRONUTRIENTS MARKET, BY NUTRIENT, 2023–2028 (USD BILLION)
                       TABLE 132 EUROPE: MARKET, BY NUTRIENT, 2018–2022 (KT)
                       TABLE 133 EUROPE: MARKET, BY NUTRIENT, 2023–2028 (KT)
                       TABLE 134 EUROPE: MARKET, BY MODE OF APPLICATION, 2018–2022 (USD BILLION)
                       TABLE 135 EUROPE: MARKET, BY MODE OF APPLICATION, 2023–2028 (USD BILLION)
                       TABLE 136 EUROPE: MARKET, BY FORM, 2018–2022 (USD BILLION)
                       TABLE 137 EUROPE: MARKET, BY FORM, 2023–2028 (USD BILLION)
                       TABLE 138 EUROPE: MARKET, BY CROP TYPE, 2018–2022 (USD BILLION)
                       TABLE 139 EUROPE: MARKET, BY CROP TYPE, 2023–2028 (USD BILLION)
             11.4.2 GERMANY
                       11.4.2.1 Diverse crop production and rising demand for different commodities to drive demand for secondary macronutrients
                                   TABLE 140 GERMANY: MARKET, BY MODE OF APPLICATION, 2018–2022 (USD BILLION)
                                   TABLE 141 GERMANY: MARKET, BY MODE OF APPLICATION, 2023–2028 (USD BILLION)
             11.4.3 FRANCE
                       11.4.3.1 Greater demand for better agricultural production to propel growth of secondary macronutrients
                                   TABLE 142 FRANCE: MARKET, BY MODE OF APPLICATION, 2018–2022 (USD BILLION)
                                   TABLE 143 FRANCE: MARKET, BY MODE OF APPLICATION, 2023–2028 (USD BILLION)
             11.4.4 ITALY
                       11.4.4.1 Diverse cultivation of crops and different climate conditions to encourage farmers to use secondary macronutrients
                                   TABLE 144 ITALY: MARKET, BY MODE OF APPLICATION, 2018–2022 (USD BILLION)
                                   TABLE 145 ITALY: MARKET, BY MODE OF APPLICATION, 2023–2028 (USD BILLION)
             11.4.5 SPAIN
                       11.4.5.1 Need for fruit production and food security to lead to secondary macronutrient usage
                                   TABLE 146 SPAIN: MARKET, BY MODE OF APPLICATION, 2018–2022 (USD BILLION)
                                   TABLE 147 SPAIN: MARKET, BY MODE OF APPLICATION, 2023–2028 (USD BILLION)
             11.4.6 UK
                       11.4.6.1 Increased production and expansion in acreage for crops to drive demand for secondary macronutrients
                                   TABLE 148 UK: MARKET, BY MODE OF APPLICATION, 2018–2022 (USD BILLION)
                                   TABLE 149 UK: MARKET, BY MODE OF APPLICATION, 2023–2028 (USD BILLION)
             11.4.7 RUSSIA
                       11.4.7.1 Significance of cereals, wheat, and barley production in Russian agriculture to drive market growth
                                   TABLE 150 RUSSIA: MARKET, BY MODE OF APPLICATION, 2018–2022 (USD BILLION)
                                   TABLE 151 RUSSIA: SECONDARY MACRONUTRIENTS MARKET, BY MODE OF APPLICATION, 2023–2028 (USD BILLION)
             11.4.8 REST OF EUROPE
                       11.4.8.1 Regional specialization in crop production to drive market for secondary macronutrients
                                   TABLE 152 REST OF EUROPE: MARKET, BY MODE OF APPLICATION, 2018–2022 (USD BILLION)
                                   TABLE 153 REST OF EUROPE: MARKET, BY MODE OF APPLICATION, 2023–2028 (USD BILLION)
     11.5 SOUTH AMERICA 
               FIGURE 41 SOUTH AMERICA: SNAPSHOT
             11.5.1 RECESSION IMPACT ANALYSIS
                       FIGURE 42 SOUTH AMERICA: MARKET RECESSION IMPACT ANALYSIS SNAPSHOT
                       TABLE 154 SOUTH AMERICA: MARKET, BY COUNTRY, 2018–2022 (USD BILLION)
                       TABLE 155 SOUTH AMERICA: MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
                       TABLE 156 SOUTH AMERICA: MARKET, BY NUTRIENT, 2018–2022 (USD BILLION)
                       TABLE 157 SOUTH AMERICA: MARKET, BY NUTRIENT, 2023–2028 (USD BILLION)
                       TABLE 158 SOUTH AMERICA: MARKET, BY NUTRIENT, 2018–2022 (KT)
                       TABLE 159 SOUTH AMERICA: MARKET, BY NUTRIENT, 2023–2028 (KT)
                       TABLE 160 SOUTH AMERICA: MARKET, BY MODE OF APPLICATION, 2018–2022 (USD BILLION)
                       TABLE 161 SOUTH AMERICA: MARKET, BY MODE OF APPLICATION, 2023–2028 (USD BILLION)
                       TABLE 162 SOUTH AMERICA: MARKET, BY FORM, 2018–2022 (USD BILLION)
                       TABLE 163 SOUTH AMERICA: MARKET, BY FORM, 2023–2028 (USD BILLION)
                       TABLE 164 SOUTH AMERICA: MARKET, BY CROP TYPE, 2018–2022 (USD BILLION)
                       TABLE 165 SOUTH AMERICA: MARKET, BY CROP TYPE, 2023–2028 (USD BILLION)
             11.5.2 BRAZIL
                       11.5.2.1 Opportunities for innovation and technological advancements to fuel demand for secondary macronutrients
                                   TABLE 166 BRAZIL: MARKET, BY MODE OF APPLICATION, 2018–2022 (USD BILLION)
                                   TABLE 167 BRAZIL: MARKET, BY MODE OF APPLICATION, 2023–2028 (USD BILLION)
             11.5.3 ARGENTINA
                       11.5.3.1 High market penetration with help of local companies to contribute to market growth
                                   TABLE 168 ARGENTINA: MARKET, BY MODE OF APPLICATION, 2018–2022 (USD BILLION)
                                   TABLE 169 ARGENTINA: MARKET, BY MODE OF APPLICATION, 2023–2028 (USD BILLION)
             11.5.4 REST OF SOUTH AMERICA
                       11.5.4.1 Use of secondary macronutrients to enhance crop productivity to boost growth
                                   TABLE 170 REST OF SOUTH AMERICA: MARKET, BY MODE OF APPLICATION, 2018–2022 (USD BILLION)
                                   TABLE 171 REST OF SOUTH AMERICA: MARKET, BY MODE OF APPLICATION, 2023–2028 (USD BILLION)
     11.6 REST OF THE WORLD 
             11.6.1 RECESSION IMPACT ANALYSIS
                       FIGURE 43 ROW: MARKET RECESSION IMPACT ANALYSIS SNAPSHOT
                       TABLE 172 ROW: MARKET, BY REGION, 2018–2022 (USD BILLION)
                       TABLE 173 ROW: MARKET, BY REGION, 2023–2028 (USD BILLION)
                       TABLE 174 ROW: MARKET, BY NUTRIENT, 2018–2022 (USD BILLION)
                       TABLE 175 ROW: MARKET, BY NUTRIENT, 2023–2028 (USD BILLION)
                       TABLE 176 ROW: SECONDARY MACRONUTRIENTS MARKET, BY NUTRIENT, 2018–2022 (KT)
                       TABLE 177 ROW: MARKET, BY NUTRIENT, 2023–2028 (KT)
                       TABLE 178 ROW: MARKET, BY MODE OF APPLICATION, 2018–2022 (USD BILLION)
                       TABLE 179 ROW: MARKET, BY MODE OF APPLICATION, 2023–2028 (USD BILLION)
                       TABLE 180 ROW: MARKET, BY FORM, 2018–2022 (USD BILLION)
                       TABLE 181 ROW: MARKET, BY FORM, 2023–2028 (USD BILLION)
                       TABLE 182 ROW: MARKET, BY CROP TYPE, 2018–2022 (USD BILLION)
                       TABLE 183 ROW: MARKET, BY CROP TYPE, 2023–2028 (USD BILLION)
             11.6.2 AFRICA
                       11.6.2.1 Increasing demand for agricultural goods to drive market in Africa
                                   TABLE 184 AFRICA: MARKET, BY MODE OF APPLICATION, 2018–2022 (USD BILLION)
                                   TABLE 185 AFRICA: MARKET, BY MODE OF APPLICATION, 2023–2028 (USD BILLION)
             11.6.3 MIDDLE EAST
                       11.6.3.1 Variations in usage of secondary macronutrients to propel market growth
                                   TABLE 186 MIDDLE EAST: MARKET, BY MODE OF APPLICATION, 2018–2022 (USD BILLION)
                                   TABLE 187 MIDDLE EAST: MARKET, BY MODE OF APPLICATION, 2023–2028 (USD BILLION)
 
12 COMPETITIVE LANDSCAPE (Page No. - 199)
     12.1 OVERVIEW 
     12.2 STRATEGIES ADOPTED BY KEY PLAYERS 
     12.3 GLOBAL SNAPSHOT OF KEY MARKET PARTICIPANTS 
               FIGURE 44 GLOBAL SNAPSHOT OF KEY PARTICIPANTS, 2022
     12.4 MARKET SHARE ANALYSIS 
               TABLE 188 SECONDARY MACRONUTRIENTS MARKET: DEGREE OF COMPETITION
     12.5 COMPANY REVENUE ANALYSIS OF KEY PLAYERS, 2020–2022 
               FIGURE 45 REVENUE ANALYSIS OF KEY PLAYERS, 2020–2022 (USD BILLION)
     12.6 KEY PLAYERS: ANNUAL REVENUE VS. GROWTH 
               FIGURE 46 ANNUAL REVENUE, 2022 (USD BILLION) VS. REVENUE GROWTH, 2020–2022 (%)
     12.7 EBITDA OF KEY PLAYERS 
               FIGURE 47 EBIDTA, 2022 (USD MILLION)
     12.8 COMPANY EVALUATION QUADRANT (KEY PLAYERS) 
             12.8.1 STARS
             12.8.2 EMERGING LEADERS
             12.8.3 PERVASIVE PLAYERS
             12.8.4 PARTICIPANTS
                       FIGURE 48 MARKET, COMPANY EVALUATION QUADRANT, 2022 (KEY PLAYERS)
             12.8.5 NUTRIENT FOOTPRINT
                       TABLE 189 SECONDARY MACRONUTRIENTS: NUTRIENT FOOTPRINT OF KEY PLAYERS
                       TABLE 190 SECONDARY MACRONUTRIENTS: FORM FOOTPRINT OF KEY PLAYERS
                       TABLE 191 SECONDARY MACRONUTRIENTS: CROP TYPE FOOTPRINT OF KEY PLAYERS
                       TABLE 192 SECONDARY MACRONUTRIENTS: REGIONAL FOOTPRINT OF KEY PLAYERS
                       TABLE 193 SECONDARY MACRONUTRIENTS: OVERALL FOOTPRINT OF KEY PLAYERS
     12.9 STARTUP/SME EVALUATION QUADRANT (OTHER PLAYERS) 
             12.9.1 PROGRESSIVE COMPANIES
             12.9.2 STARTING BLOCKS
             12.9.3 RESPONSIVE COMPANIES
             12.9.4 DYNAMIC COMPANIES
                       FIGURE 49 MARKET: COMPANY EVALUATION QUADRANT, 2022 (OTHER PLAYERS)
             12.9.5 COMPETITIVE BENCHMARKING OF OTHER PLAYERS
                       TABLE 194 DETAILED LIST OF OTHER PLAYERS
                       TABLE 195 COMPETITIVE BENCHMARKING (OTHER PLAYERS), 2021
     12.10 COMPETITIVE SCENARIO 
               12.10.1 PRODUCT LAUNCHES
                          TABLE 196 MARKET: PRODUCT LAUNCHES, 2018–2022
               12.10.2 DEALS
                          TABLE 197 MARKET: DEALS, 2018- 2022
               12.10.3 OTHERS
                          TABLE 198 SECONDARY MACRONUTRIENTS MARKET: OTHERS, 2018–2022
 
13 COMPANY PROFILES (Page No. - 217)
(Business Overview, Products/Solutions/Services offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
     13.1 KEY PLAYERS 
             13.1.1 NUTRIEN LTD.
                       TABLE 199 NUTRIEN LTD.: BUSINESS OVERVIEW
                       FIGURE 50 NUTRIEN LTD.: COMPANY SNAPSHOT
                       TABLE 200 NUTRIEN LTD.: PRODUCT LAUNCHES
                       TABLE 201 NUTRIEN LTD.: DEALS
                       TABLE 202 NUTRIEN LTD.: DEALS
             13.1.2 YARA
                       TABLE 203 YARA: BUSINESS OVERVIEW
                       FIGURE 51 YARA: COMPANY SNAPSHOT
                       TABLE 204 YARA: DEALS
             13.1.3 THE MOSAIC COMPANY
                       TABLE 205 THE MOSAIC COMPANY: BUSINESS OVERVIEW
                       FIGURE 52 THE MOSAIC COMPANY: COMPANY SNAPSHOT
                       TABLE 206 THE MOSAIC COMPANY: DEALS
             13.1.4 ISRAEL CHEMICALS LTD.
                       TABLE 207 ISRAEL CHEMICAL LTD.: BUSINESS OVERVIEW
                       FIGURE 53 ISRAEL CHEMICALS LTD.: COMPANY SNAPSHOT
                       TABLE 208 ISRAEL CHEMICALS LTD.: PRODUCT LAUNCHES
                       TABLE 209 ISRAEL CHEMICALS LTD.: DEALS
             13.1.5 K+S AKTIENGESELLSCHAFT
                       TABLE 210 K+S AKTIENGESELLSCHAFT: SECONDARY MACRONUTRIENTS MARKET BUSINESS OVERVIEW
                       FIGURE 54 K+S AKTIENGESELLSCHAFT: COMPANY SNAPSHOT
                       TABLE 211 K+S AKTIENGESELLSCHAFT: DEALS
             13.1.6 NUFARM
                       TABLE 212 NUFARM: BUSINESS OVERVIEW
                       FIGURE 55 NUFARM: COMPANY SNAPSHOT
             13.1.7 SPIC
                       TABLE 213 SPIC: BUSINESS OVERVIEW
                       FIGURE 56 SPIC: COMPANY SNAPSHOT
             13.1.8 KOCH INDUSTRIES, INC.
                       TABLE 214 KOCH INDUSTRIES, INC.: BUSINESS OVERVIEW
                       TABLE 215 KOCH INDUSTRIES, INC.: DEALS
                       TABLE 216 KOCH INDUSTRIES, INC.: OTHERS
             13.1.9 COROMANDEL INTERNATIONAL LTD
                       TABLE 217 COROMANDEL INTERNATIONAL LTD: BUSINESS OVERVIEW
                       FIGURE 57 COROMANDEL INTERNATIONAL LTD: COMPANY SNAPSHOT
                       TABLE 218 COROMANDEL INTERNATIONAL LTD: OTHERS
             13.1.10 DEEPAK FERTILISERS AND PETROCHEMICALS CORPORATION LTD.
                       TABLE 219 DEEPAK FERTILISERS AND PETROCHEMICALS CORPORATION LTD.: BUSINESS OVERVIEW
                       FIGURE 58 DEEPAK FERTILISERS AND PETROCHEMICALS CORPORATION LTD.: COMPANY SNAPSHOT
             13.1.11 HAIFA NEGEV TECHNOLOGIES LTD
                       TABLE 220 HAIFA NEGEV TECHNOLOGIES LTD: BUSINESS OVERVIEW
                       TABLE 221 HAIFA NEGEV TECHNOLOGIES LTD: DEALS
             13.1.12 KUGLER COMPANY
                       TABLE 222 KUGLER COMPANY: BUSINESS OVERVIEW
             13.1.13 IFFCO
                       TABLE 223 IFFCO: BUSINESS OVERVIEW
                       FIGURE 59 IFFCO: COMPANY SNAPSHOT
             13.1.14 WESTERN NUTRIENTS CORPORATION
                       TABLE 224 WESTERN NUTRIENT CORPORATION: BUSINESS OVERVIEW
             13.1.15 ARIES AGRO LIMITED
                       TABLE 225 ARIES AGRO LIMITED: SECONDARY MACRONUTRIENTS MARKET BUSINESS OVERVIEW
                       FIGURE 60 ARIES AGRO LIMITED: COMPANY SNAPSHOT
     13.2 OTHER PLAYERS 
             13.2.1 BMS MICRO-NUTRIENTS
                       TABLE 226 BMS MICRO-NUTRIENTS: BUSINESS OVERVIEW
             13.2.2 BAICOR, LLC
                       TABLE 227 BAICOR, LLC: BUSINESS OVERVIEW
             13.2.3 PLANT FOOD COMPANY, INC.
                       TABLE 228 PLANT FOOD COMPANY, INC.: BUSINESS OVERVIEW
             13.2.4 AGROLIQUID
                       TABLE 229 AGROLIQUID: BUSINESS OVERVIEW
             13.2.5 TERRALINK HORTICULTURE INC.
                       TABLE 230 TERRALINK HORTICULTURE INC.: BUSINESS OVERVIEW
             13.2.6 STOLLER ENTERPRISES
             13.2.7 NACHURS
             13.2.8 MORRAL COMPANIES LLC
             13.2.9 ADITYA MICRODYNAMICS
             13.2.10 MYTHREYI AGRI INPUTS
*Details on Business Overview, Products/Solutions/Services offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
 
14 ADJACENT AND RELATED MARKETS (Page No. - 280)
     14.1 INTRODUCTION 
               TABLE 231 ADJACENT MARKETS
     14.2 RESEARCH LIMITATIONS 
     14.3 AGROCHEMICALS MARKET 
             14.3.1 MARKET DEFINITION
             14.3.2 MARKET OVERVIEW
                       TABLE 232 AGROCHEMICALS MARKET, BY CROP TYPE, 2023–2028 (USD MILLION)
     14.4 AGRICULTURAL BIOLOGICALS MARKET 
             14.4.1 MARKET DEFINITION
             14.4.2 MARKET OVERVIEW
                       TABLE 233 AGRICULTURAL BIOLOGICALS MARKET, BY FUNCTION, 2022–2027 (USD MILLION)
 
15 APPENDIX (Page No. - 283)
     15.1 DISCUSSION GUIDE 
     15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     15.3 CUSTOMIZATION OPTIONS 
     15.4 RELATED REPORTS 
     15.5 AUTHOR DETAILS 

This research study involved the extensive use of secondary sources—directories and databases such as Bloomberg Businessweek and Factiva—to identify and collect information useful for a technical, market-oriented, and commercial study of the secondary macronutrients market. In-depth interviews were conducted with various primary respondents—such as key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants—to obtain and verify critical qualitative and quantitative information and assess prospects.

Secondary Research

In the secondary research process, various sources, such as US Department of Agriculture (USDA), Food and Agriculture Organization (FAO), European Food Safety Authority (EFSA), The Fertilizer Institute (TFI), International Fertilizer Association (IFA), and The Fertilizer Association of India (FAI) were referred, to identify and collect information for this study. The secondary sources included annual reports, press releases and investor presentations of companies, white papers, certified publications, articles by recognized authors, associations, regulatory bodies, trade directories, and paid databases.

Secondary research was mainly used to obtain vital information about the industry’s supply chain, the total pool of key players, the market classification & segmentation according to the industry trends to the bottom-most level, and geographical markets. It was also used to obtain information on the key developments from a market-oriented perspective.

Primary Research

The secondary macronutrients market comprises several stakeholders in the supply chain: suppliers, manufacturers, and end-use product manufacturers. Various primary sources from the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The primary interviewees from the demand side include growers/farmers, key opinion leaders, executives, vice presidents, and CEOs of the agriculture fertilizers industry. The primary sources from the supply side include research institutions involved in R&D activities, key opinion leaders, and manufacturers of secondary macronutrients.

Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents:

Secondary Macronutrients Market Primary Participants

To know about the assumptions considered for the study, download the pdf brochure

Secondary Macronutrients Market Size Estimation

The top-down and bottom-up approaches were used to estimate and validate the total size of the market. These approaches were also used extensively to determine the size of various subsegments in the market. The research methodology used to estimate the market size includes the following details:

  • The key players in the industry and the markets were identified through extensive secondary research.
  • The market was determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
  • All macroeconomic and microeconomic factors affecting the growth of the market were considered while estimating the market size.
  • All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain final quantitative and qualitative data.

Global Secondary Macronutrients Market Size: Bottom-Up Approach

Secondary Macronutrients Market Bottom-Up Approach

To know about the assumptions considered for the study, Request for Free Sample Report

Global Secondary macronutrients Market Size: Top Down Approach

Secondary Macronutrients Market Top Down Approach

Data Triangulation

After arriving at the overall market size from the above estimation process using both top-down and bottom-up approaches, the total market was split into several segments and subsegments. To complete the overall secondary macronutrients market estimation and arrive at the exact statistics for all segments and subsegments, the data triangulation and market breakdown procedures were employed wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Market Definition

According to The Fertilizer Institute, calcium, magnesium, and sulfur are referred to as "secondary" not because they are less important, but because most crops require them in lower amounts. Calcium is utilized to minimize soil acidity and to improve nutrient absorption inside the plant. It also increases a plant's resistance to disease. Magnesium, like phosphorus, is a component of chlorophyll and so required for photosynthesis. It is also necessary to assist the plant in metabolizing that same phosphorus molecule. Sulfur is another element that is naturally present in soil, but in proportions that are inadequate for many crops. Sulfur is used by plants to synthesize essential amino acids and is beneficial in increasing winter hardiness.

Macronutrients are nutrients that are essential for plant development in high quantities. Secondary macronutrients (sulfur, magnesium, and calcium) are needed in smaller quantities than basic nutrients (N, P, and K). The most significant of these three secondary macronutrients is calcium, which serves to build the cell wall. Sulfur reduces leaf yellowing, whereas magnesium functions as an enzyme activator, promoting plant development and blooming.

Calcium carbonate, calcium ammonium nitrate, ammonium sulfate, mono ammonium phosphate, potassium sulfate, superphosphates, calcium sulfate, calcium nitrate, calcium chloride, magnesium chloride, magnesium oxide, magnesium hydroxide, magnesium sulfate, ammonium thiosulfate, ammonium polysulfide, and sulfur-coated urea are among the fertilizers studied. The secondary macronutrient composition of the fertilizers was utilized to calculate market usage.

Key Stakeholders

  • Secondary macronutrients manufacturers
  • Secondary macronutrients importers and exporters
  • Secondary macronutrients traders, distributors, and suppliers
  • Government and research organizations
  • Government regulatory agencies
    • Food and Agriculture Organization (FAO)
    • United States Department of Agriculture (USDA)
    • European Food Safety Authority (EFSA)
    • World Health Organization (WHO)
    • Food and Drug Administration (FDA)
    • Environmental Protection Agency (EPA)
    • Department of Environment, Food and Rural Affairs (DEFRA)

Report Objectives

  • To determine and project the size of the secondary macronutrients market with respect to by nutrient, by crop type, by mode of application, by form, and region
  • To identify the attractive opportunities in the market by determining the largest and fastest growing segments across regions
  • To provide detailed information about the key factors influencing the market growth (drivers, restraints, opportunities, and industry-specific challenges)
  • To provide the regulatory framework for major countries related to the market
  • To analyze the micro-markets with respect to individual growth trends, prospects, and their contribution to the total market
  • To understand the competitive landscape and identifying the major growth strategies adopted by players across the key regions.
  • To analyze the value chain and products across the key regions and their impact on the prominent market players
  • To provide insights on key product innovations and investments in the global market

Available Customizations

MarketsandMarkets offers customizations according to client-specific scientific needs with the given market data.

The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Geographic Analysis

  • Further breakdown of the Rest of Europe's secondary macronutrients market into Netherlands, Denmark, Belgium, and other EU and non-EU countries.
  • Further breakdown of the Rest of Asia Pacific market into South Korea, Malaysia, and Vietnam.
  • Further breakdown of the Rest of the South American market into Chile, Peru, Colombia, and Venezuela.

Company Information

  • Detailed analyses and profiling of additional market players (up to five)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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May, 2023
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