Secondary Macronutrients Industry Set to Achieve $52.26 Billion Milestone by 2029 | Steady 5.2% CAGR

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What Is the Long-Term Growth Forecast for the Secondary Macronutrients Market Size 2025?
In recent years, the market size of secondary macronutrients has witnessed a consistent increase. The market is predicted to expand from $41.68 billion in 2024 to $42.73 billion in 2025, representing a compound annual growth rate (CAGR) of 2.5%. The surge in the historic period can be ascribed to the escalating demand for secondary macronutrients, urbanization coupled with infrastructure advancements, the expansion of the agricultural sector, the heightened emphasis on sustainability, and the cost of raw materials.

What CAGR is Forecasted for the Secondary Macronutrients Market Through 2029?
In the coming years, the secondary macronutrients market is predicted to experience robust growth, expanding to a value of $52.26 billion in 2029, representing a compound annual growth rate (CAGR) of 5.2%. Enhancement in the market forecast period could be due to escalating agricultural activities, a surge in food product demand, undertakings for environmental sustainability, development in urbanization and infrastructure, and soil health regulatory reinforcements. Key trends to look out for in the forecasted period comprise research and development, growing consciousness of nutrient deficiencies, governmental endorsement for the modernization of agriculture, worldwide population growth, and the resilience and efficiency of the supply chain.

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What Are the Critical Factors Driving Secondary Macronutrients Market Development?
The anticipated growth of the agriculture sector is set to drive the surge of the secondary macronutrients market in the near future. The agriculture sector is an economic domain that includes crop and livestock farming, as well as the creation of farming equipment, agricultural engineering, production of chemical fertilizers, and various other farm-related items. To advance optimal plant growth and improve soil fertility, secondary macronutrients are employed in farming methods. They assist in ensuring an accurate nutrient balance in soils and plants, enhancing soil aggregation, improving water infiltration and facilitating nutrient absorption, which further enhances crop productivity. For example, the United States Department of Agriculture, a federal executive agency responsible for establishing and enforcing federal laws related to agriculture, forestry, rural economic development, and food manufacturing, reported in February 2023 that U.S. agricultural exports had seen an 11% growth, amounting to $19.5 billion, which is substantially higher than the previous record set in 2021. Hence, the growth of the agriculture industry is the main driver for the rise of the secondary macronutrients market.

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How Does the Secondary Macronutrients Market Break Down Across Major Segments?
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

What Are the Major Trends Transforming the Secondary Macronutrients Industry?
Key players in the secondary macronutrient market are introducing novel products, including crop nutrition solutions, to extend their consumer outreach, augment sales, and boost revenue. Crop nutrition solutions consist of an array of products and methodologies aimed at enhancing the nutrient absorption and availability for crops, securing their robust growth, and maximizing output. For example, SPARTA Biodiscovery, an agribusiness firm based in Greece, rolled out Functional Crop Nutrition (FCN) in October 2024. This is particularly designed to integrate nourishment, protection, and biostimulation of plants. It supplies crucial macro- and micronutrients needed for optimal crop growth while concurrently providing protection to crops against illnesses, pests, and environmental stress factors like drought and heat.

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Which Players Are Driving Innovation 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

Which Regions Are Driving Global 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.

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