Secondary macronutrients are often used in gardening to help plants that are in distress while boosting their overall health and growth. The main secondary macronutrients include magnesium, sulfur, and calcium.
Market Analysis and Insights: Global Secondary Macronutrients Market
Due to the COVID-19 pandemic, the global Secondary Macronutrients market size is estimated to be worth US$ 26710 million in 2023 and is forecast to a readjusted size of US$ 32460 million by 2030 with a CAGR of 3.3% during the forecast period 2023-2030. Fully considering the economic change by this health crisis, Sulfur accounting for % of the Secondary Macronutrients global market in 2022, is projected to value US$ million by 2030, growing at a revised % CAGR from 2023 to 2030. While Cereals & Grains segment is altered to an % CAGR throughout this forecast period.
Asia Pacific is projected to be fastest-growing market for secondary macronutrients over the next five years. This is attributed to the high usage of fertilizers in countries such as China, which is the largest producer of lime, sulfur, and magnesite.
Global Secondary Macronutrients Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the markets growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2018 to 2030. This section mentions the volume of production by region from 2018 to 2030. Pricing analysis is included in the report according to each type from the year 2018 to 2030, manufacturer from 2018 to 2023, region from 2018 to 2023, and global price from 2018 to 2030.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market experts opinions have been taken to understand the market better.
Global Secondary Macronutrients Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2018 to 2030. by Application segment also provides consumption during the forecast period of 2018 to 2030. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Segment by Application
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
- Others
By Company
- Nutrien
- Yara International
- Mosaic Company
- Israel Chemicals
- K+S
- Nufarm
- Koch Industries
- Coromandel International
- Deepak Fertilisers and Petrochemicals
- Haifa Chemicals
- Sapec Agro Business
- Kugler Company
Production by Region
- North America
- Europe
- China
- Japan
Consumption by Region
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Australia
- Taiwan
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Latin America
- Mexico
- Brazil
- Argentina
