The secondary macronutrients market is expected to be valued USD 38.6 billion in 2022 and USD 48.5 billion by 2028, with a CAGR of 4.0% over the forecast period. Secondary macronutrients refer to three essential plant nutrients that are required in relatively large quantities for plant growth and development. These nutrients include calcium (Ca), magnesium (Mg), and sulfur (S).
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Calcium is estimated to be the fastest growing segment during the forecast period
Calcium is considered as the most essential element for higher crop productivity. Calcium helps in the better growth of crops which helps in enhancing the quality and yield of plants. It is also responsible for improving the root growth, improving seed and flower formations, and makes the plants resistant to the various pests and diseases. Better results are seen in the crops such as sugarcane, rice, fruits, and vegetables etc. It also helps in the regulation of plant growth and the development of reproductive structures, including flowers and seeds. Plants that receive adequate calcium are stronger and more resilient, with better resistance to pests and diseases. These are the factors which are considered to drive the market for calcium.
Fruits & vegetables segment is projected as the fastest growing segment during the research period
Fruits & vegetables is the fastest growing segment during the forecasted period. The rise in veganism and vegetarianism has led to an increased demand for fruits and vegetables as these diets tend to rely heavily on plant-based foods. An increasing number of people are becoming more health-conscious, and they recognize the importance of consuming fruits and vegetables to maintain good health. These are the factors that are considered to propel the growth of secondary macronutrient market.
South America is estimated to be the fastest growing region during the study period
South America is the fastest growing region in the secondary macronutrients market. South America has a large agricultural sector, which is a significant contributor to the region's economy. The use of secondary macronutrient fertilizers can help farmers improve crop yields and profitability. The availability of secondary macronutrient fertilizers is increasing in the South America region, making it easier and more cost-effective for farmers to use these fertilizers. Many South American countries export agricultural products to other countries, and the use of secondary macronutrient fertilizers can help ensure that these products meet the quality standards required by export markets. and hence it is projected to foster at a higher rate in the secondary macronutrients market.
Some Leading players profiled in this report:
• Nutrien Ltd. (Canada)
• Yara (Norway)
• The Mosaic Company (US)
• Israel Chemicals Ltd. (Israel)
• K+S Aktiengesellschaft (Germany)
• IFFCO (India)
• Deepak Fertilisers and Petrochemicals Corporation Ltd. (India)
• Coromandel International Ltd (India)
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FAQs of Secondary Macronutrients Market:
Q1. What are the secondary macronutrients?
These nutrients include calcium (Ca), magnesium (Mg), and sulfur (S). They improve the quality of crops, enhance yield, and promote soil fertility and productivity. The benefits of secondary macronutrients extend beyond the plant to include improved resistance to diseases and pests.
Q2. What is the difference between primary and secondary macronutrients?
Macronutrients which consists of primary and secondary nutrients are consumed in extensive quantities by plants. While the primary nutrients are Nitrogen, Phosphorus and Potassium, the secondary nutrients constitute Calcium, Magnesium and Sulfur.
Q3. What are secondary macronutrients and micronutrients?
Calcium (Ca), magnesium (Mg), and sulfur (S) comprise the secondary macronutrients. Micronutrients are also essential to plant development and growth but are needed only in trace amounts, compared to their macro-counterparts.
Q4. What are the secondary micronutrients in plants?
Calcium, magnesium, and sulfur are essential plant nutrients. They are called “secondary” nutrients because plants require them in smaller quantities than nitrogen, phosphorus, and potassium. On the other hand, plants require these nutrients in larger quantities than the “micronutrients” such as boron and molybdenum.