MarketResearch.biz delivers in-depth insights on the global secondary macronutrients market in its upcoming report titled, “Global Secondary Macronutrients Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global secondary macronutrients market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2026. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2026. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global secondary macronutrients market report has been segmented on the nutrient, formulation, crop type, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analysed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Macronutrients are required by plant for growth and development. Macronutrients are ideal to maintain soil pH, which in turn helps plants to absorb all the nutrients in the soil. Moreover, secondary nutrients are required in moderate amounts and these nutrients includes calcium, magnesium and sulfur which are less likely to limit crop growth.
Growing demand for high value crops coupled with increasing demand for fruits and vegetables are major factor expected to drive growth of the global secondary macronutrients market over the forecast period. Depleting arable land is another major concern, thus secondary macronutrients helps to combat the impact of nutrient deficiency in crop production thus enhances crop yield, this factor in turn is expected to drive growth market over the forecast period.
However, lack of awareness in various region regarding the benefits associated with the use of secondary macronutrients for crop production is expected to limit growth of market over the forecast period. In addition, limited availability of the product is other factor expected to hamper growth of the global secondary macronutrients market, to a certain extent.
Based on crop type, the global secondary macronutrients market is segmented based on oilseeds & pulses, fruits & vegetables, cereals & grains, and others. Increasing demand for high quality fruits and vegetable is expected to drive growth of the segment over the forecast period.
The market in the Asia Pacific region is projected to register comparatively faster growth in terms of revenue over the next 10 years. Growing demand for secondary macronutrients in countries such as India and China is expected to drive growth of the market in the region. In addition, increasing demand for secondary macronutrients for production of fruits & vegetables is another factor expected to boost growth of the secondary macronutrients market in the region over the forecast period. Significant presence of international and domestic players for secondary macronutrients is expected to support growth of market in the region over the forecast period.
Global Secondary Macronutrients Market Segmentation:
Global secondary macronutrients market segmentation, by nutrient:
Global secondary macronutrients market segmentation, by formulation:
Global secondary macronutrients market segmentation, by crop type:
- Oilseeds & pulses
- Fruits & vegetables
- Cereals & grains
Global secondary macronutrients market segmentation, by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Estimated Year 2020 Actual Year 2021 Forecast Period 2021–2030 Revenue in US$
- Yara International
- The Mosaic Company
- Israel Chemicals Ltd.
- Koch Industries
- Deepak Fertilisers and Petrochemicals
- Haifa Chemicals
- Kugler Company
- Bio Huma Netics, Inc.
- Richardson International Limited.
- Nufarm Limited
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