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The Impact Of Agriculture Industry Expansion On The Secondary Macronutrients Market: A Key Factor Shaping the Future of the Secondary Macronutrients Market in 2025
Secondary Macronutrients Market
The expected growth of the secondary macronutrients market is directly linked to the evolution of the agriculture industry. This specific sector of the economy involves various activities ranging from crop and livestock farming to the production of farming equipment, agricultural engineering, and chemical fertilizers. Secondary macronutrients are employed in the agricultural sector to boost optimum plant growth and enhance soil fertility. They achieve this by maintaining a balanced nutrient profile in the soils and plants, optimizing soil pH, promoting soil aggregation, enhancing water infiltration, and boosting nutrient assimilation for improved crop growth and productivity. Taking an example of February 2023, the United States Department of Agriculture, a federal executive department responsible for implementing and regulating laws related to agriculture, forestry, rural economic development, and food production, reported that the United States' agricultural exports escalated by 11% or $19.5 billion, setting a new record compared to 2021. This clearly indicates how the growth of the agriculture industry is fueling the secondary macronutrients market.
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What is the future CAGR of the secondary macronutrients market, and how will it impact industry expansion?
The market size of secondary macronutrients has been consistently expanding over the past few years. The value is set to increase from $41.68 billion in 2024 to $43.33 billion in 2025, reflecting a Compound Annual Growth Rate (CAGR) of 4.0%. The unprecedented growth observed during the historic period can be traced back to factors like rising demand for secondary macronutrients, development in urban and infrastructure spheres, expansion of the agricultural sector, growing emphasis on sustainability, and fluctuation in raw material prices.
In the upcoming years, the secondary macronutrients market is anticipated to experience robust growth. It is projected to reach $53.62 billion by 2029, with a compound annual growth rate (CAGR) of 5.5%. The projected growth during the forecast period can be credited to the surging agricultural activities, escalating demand for food items, initiatives towards environmental preservation, urbanisation and infrastructural advancement, and governmental assistance for soil health. Noteworthy trends during the forecast period comprise research and innovation, growing cognizance of nutrient deficiencies, governmental assistance for the modernisation of agriculture, swelling global populace, and resilience and efficiency in the supply chain.
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How are the latest trends influencing the growth of the secondary macronutrients market?
Leading corporations in the secondary macronutrient market are bringing forth inventive products like crop nutrition solutions in an effort to reach a wider customer base, boost sales, and enhance revenue. The term crop nutrition solutions pertains to an array of products and strategies devised to ensure optimized availability and absorption of nutrients for crops, thereby promoting their robust growth and yield maximization. To illustrate, SPARTA Biodiscovery, an agribusiness firm headquartered in Greece, in October 2024, announced the launch of their Functional Crop Nutrition (FCN). This service is focused on delivering a comprehensive crop nutrition strategy that involves feeding, safeguarding, and biostimulating vegetation. It provides vital macro- and micronutrients mandatory for the ideal growth of crops and simultaneously helps protect crops from diseases, pests, and environmental conditions like drought and high temperatures.
Which key market segments comprise the secondary macronutrients market and drive its revenue growth?
The secondary macronutrients market covered in this report is segmented -
1) By Nutrient Type: Calcium, Magnesium, Sulfur
2) By Crop Type: Cereals And Grains, Oilseeds And Pulses, Fruits And Vegetables, Other Crop Types
3) By Application Method: Solid Application, Liquid Application
Subsegments:
1) By Calcium: Calcium Carbonate, Calcium Nitrate, Calcium Sulfate
2) By Magnesium: Magnesium Sulfate, Magnesium Oxide, Magnesium Nitrate
3) By Sulfur: Elemental Sulfur, Sulfate Compounds, Sulfur Coated Urea
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What regions are at the forefront of secondary macronutrients market expansion?
Asia-Pacific was the largest region in the secondary macronutrients market in 2024. The regions covered in the secondary macronutrients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the secondary macronutrients market?
Major companies operating in the secondary macronutrients market include Sinochem Holdings Corporation Ltd, Archer Daniels Midland Company, Bunge Limited, Dow Chemical Company, Bayer AG, Nutrien Ltd., Mitsubishi Chemical Holdings Corporation, Syngenta AG, BASF SE, Yara International ASA, Sumitomo Chemical Co. Ltd., The Mosaic Company, DuPont de Nemours Inc., SQM, EuroChem Group AG, ICL Group Ltd, Israel Chemicals Ltd., K+S Aktiengesellschaft AG, Sinofert Holdings Limited, Rashtriya Chemicals and Fertilizers Ltd., Coromandel International Limited, Haifa Group, Zuari Agro Chemicals Ltd., Compo Expert, Gujarat State Fertilizers & Chemicals Ltd., Deepak Fertilisers and Petrochemicals Corporation Limited, Koch Ag and Energy Solutions LLC., Kugler Company
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What Is Covered In The Secondary Macronutrients Global Market Report?
• Market Size Forecast: Examine the secondary macronutrients market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the secondary macronutrients market for a structured understanding.
• Key Players Overview: Analyze major players in the secondary macronutrients market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the secondary macronutrients market.
• Segment Contributions: Evaluate how different segments drive overall growth in the secondary macronutrients market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the secondary macronutrients market.
• Industry Challenges: Identify potential risks and obstacles affecting the secondary macronutrients market.
• Competitive Landscape: Review strategic developments in the secondary macronutrients market, including expansions, agreements, and new product launches.
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