Analysis of Key Market Segments Influencing the Secondary Agricultural Nutrients Market

The agricultural sector is increasingly focusing on enhancing crop yields and soil health through precise nutrient management. Secondary agricultural nutrients play a crucial role in this effort, supporting better crop quality and sustainable farming practices. Here, we explore the projected market size, leading players, key trends, and segmentation within the secondary agricultural nutrients market.

Forecasted Market Expansion of the Secondary Agricultural Nutrients Market by 2030
The secondary agricultural nutrients market is anticipated to experience significant growth in the coming years. By 2030, it is projected to reach a market value of $61.6 billion, expanding at a compound annual growth rate (CAGR) of 6.1%. This upward trajectory is driven by a growing emphasis on precision nutrient management, increasing demand for superior crop quality, wider adoption of sustainable soil management techniques, and greater use of specialty fertilizers. Moreover, the market is benefiting from the rising cultivation of high-value crops. Key trends influencing this growth include the adoption of balanced plant nutrition strategies, heightened demand for sulfur-enriched fertilizers, increased application of calcium and magnesium amendments, expansion of soil deficiency correction initiatives, and a stronger focus on improving overall crop quality.

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Top Companies Leading the Secondary Agricultural Nutrients Market
Several prominent companies dominate the secondary agricultural nutrients market landscape. These include Nutrien Ltd., Yara International ASA, The Mosaic Company, K+S Aktiengesellschaft, ICL Group Ltd., EuroChem Group AG, Coromandel International Limited, OCP Group, Haifa Group, CF Industries Holdings, Inc., Koch Fertilizer, LLC, Sinochem Group Co., Ltd., Rashtriya Chemicals and Fertilizers Limited, Gujarat State Fertilizers and Chemicals Limited, Deepak Fertilisers and Petrochemicals Corporation Limited, Tata Chemicals Limited, Sociedad Química y Minera de Chile S.A., PhosAgro PJSC, UPL Limited, OCI Global, and Indian Farmers Fertiliser Cooperative Limited (IFFCO).

In a notable development in November 2024, Tessenderlo Kerley, Inc., a US-based crop nutrition provider, acquired Tiger Sul Products, LLC. This acquisition is aimed at enhancing Tessenderlo Kerley's specialty fertilizer portfolio, particularly sulfur-based products, thereby broadening its product range and strengthening its position in North America's soil health and nutrient management market. Tiger Sul Products specializes in sulfur-based fertilizers and crop nutrition solutions, including sulfur bentonite fertilizers, micronutrient enhanced sulfur, and various soil enhancement products.

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Key Drivers Positively Impacting Growth of the Secondary Agricultural Nutrients Market
Leading companies in this market are focusing on developing nutrient calculators to assist farmers and agricultural experts in accurately evaluating and optimizing soil nutrient levels. These digital tools provide crucial support for managing the nutrient requirements of crops and soil efficiently.

For example, in October 2024, Argus, a UK-based firm known for pricing information services, introduced the world's first pricing benchmarks specifically for sustainable and specialty fertilizers. This initiative promotes the shift toward environmentally responsible agricultural inputs by providing stakeholders with transparent market insights. Alongside this, nutrient calculators have become essential for modern agriculture, enabling precise fertilizer application through better assessment of nutrient needs. Integrating these tools with up-to-date pricing data helps optimize productivity, minimize waste, and encourage sustainable nutrient management practices.

Segment Breakdown of the Secondary Agricultural Nutrients Market
The secondary agricultural nutrients market is categorized into several key segments for detailed analysis:

1) By Nutrient Type:
- Sulphur
- Calcium
- Magnesium

2) By Crop Type:
- Cereals and Grains
- Oilseeds and Pulses
- Fruits and Vegetables
- Turfs and Ornamentals
- Other Crop Types

3) By Application Method:
- Solid
- Liquid

Further subcategories include:
- Sulphur: Elemental Sulphur and Sulphate Forms
- Calcium: Calcium Carbonate, Calcium Sulfate, and Calcium Nitrate
- Magnesium: Magnesium Sulfate, Magnesium Oxide, and Magnesium Nitrate

This segmentation helps provide a clear understanding of the market's structure and growth dynamics across different nutrient types, crops, and application techniques.

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This release was published on openPR.