The global secondary macronutrients market was valued at USD 38.6 billion in 2022 and is projected to expand from USD 39.9 billion in 2023 to USD 48.5 billion by 2028, at a compound annual growth rate (CAGR) of 4.0% over the forecast period (2023–2028). The market's growth is fueled by increasing soil deficiencies in secondary macronutrients and a rising area under cultivation for high-value crops. Deficiencies in these nutrients can lead to yellowing leaves, stunted growth, and reduced crop yield. To address this, secondary macronutrients are applied to enhance soil and crop health by supplying essential minerals. Intensive farming practices, such as monoculture and excessive fertilizer use, often lead to soil depletion, reducing secondary nutrients availability. This drives demand for secondary nutrient fertilizers. As health-conscious consumers increasingly seek nutrient-rich crops, secondary macronutrients are essential for boosting crop quality and nutritional value. Opportunities in Precision Agriculture Precision agriculture enables site-specific nutrient management, allowing tailored nutrient applications for each field or crop. Using specialized equipment, precision farming can enhance yield and fertilizer efficiency by minimizing nutrient leaching and preventing nutrient excess in localized field areas. Precision farming is gaining traction in industrialized countries, where fertigation is used to deliver secondary nutrients efficiently, reducing application costs. This technology allows for precise nutrient needs assessment, application rates, and mixing ratios, all managed within the fertigation system. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=45874881 Calcium: The Largest Market Share by Nutrient Calcium is expected to hold the largest market share during the study period, as it is vital for healthy root development, fruit set, and quality. It supports photosynthesis, improves nitrogen use efficiency, and promotes root growth for robust spring plant development. Calcium also improves soil structure, ensuring healthy, well-aerated soils. Since calcium is immobile in plants, a steady supply is necessary, driving its growth in the secondary macronutrients market. Fruits & Vegetables: Highest Growth by Crop Type With rising health awareness, especially in developed countries like the US, Canada, the UK, and Germany, demand for fresh fruits and vegetables has surged. This trend is amplified by the adoption of veganism, positioning fruits and vegetables as primary sources of vitamins and minerals. As demand increases, so does the production of these crops. Secondary macronutrient deficiencies can significantly impact crop yield and quality—for example, calcium deficiencies lead to smaller leaves, weakened foliage, and reduced fruit production. Request for Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=45874881 South America: Fastest-Growing Region South America is expected to be the fastest-growing region in the secondary macronutrients market. The region’s robust agricultural sector significantly contributes to its economy, with secondary macronutrient fertilizers helping farmers enhance crop yields and profitability. Increased fertilizer availability in South America makes it more accessible and cost-effective for farmers to use. Additionally, many South American countries export agricultural products, and using secondary macronutrients supports quality standards essential for international markets. Leading Secondary Macronutrients Companies Key players in the secondary macronutrients market include 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.
