
Report ID: SQMIG25C2183
Skyquest Technology's expert advisors have carried out comprehensive research on the secondary macronutrients market to identify the major global and regional market trends and growth opportunities for leading players and new entrants in this market. The analysis is based on in-depth primary and secondary research to understand the major market drivers and restraints shaping the future development and growth of the industry.
Rising Soil Nutrient Depletion Due to Intensive Farming
Growing Demand for High-Quality, High-Yield Crops
Inconsistent Regulatory Frameworks Across Regions
Limited Infrastructure for Precision Nutrient Application
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Global Secondary Macronutrients Market size was valued at USD 32.29 Billion in 2023 poised to grow from USD 33.95 Billion in 2024 to USD 50.74 Billion by 2032, growing at a CAGR of 5.15% in the forecast period (2025-2032).
The competitive landscape of the global secondary macronutrients market is characterized by innovation, regional expansion, and strategic collaborations. Some of the key players in the industry are Yara International, Nutrien Ltd., The Mosaic Company, ICL Group, and K+S Aktiengesellschaft. Such companies as Yara target precision agriculture instruments for optimizing nutrient application, whereas Nutrien targets diversification of its products. ICL Group commits to sustainable solutions, and The Mosaic Company grows globally with partnerships for ensuring market strength and product presence. 'Yara International ASA (Norway)', 'Nutrien Ltd. (Canada)', 'The Mosaic Company (USA)', 'ICL Group Ltd. (Israel)', 'K+S Aktiengesellschaft (Germany)', 'Sumitomo Chemical Co., Ltd. (Japan)', 'Haifa Group (Israel)', 'Coromandel International Limited (India)', 'Deepak Fertilisers and Petrochemicals Corporation Ltd. (India)', 'Koch Industries, Inc. (Koch Agronomic Services) (USA)', 'Sapec Agro Business (Portugal)', 'Grupa Azoty (Poland)', 'Van Iperen International (Netherlands)', 'Gujarat State Fertilizers & Chemicals Ltd. (GSFC) (India)', 'Compo Expert GmbH (Germany)'
Continuous cropping and over-reliance on primary NPK fertilizers have led to severe depletion of secondary nutrients like calcium, magnesium, and sulfur in soils. This imbalance in nutrients decreases agricultural output and fertility of the land, and therefore farmers use secondary macronutrients to restore fertility and aid sustainable agricultural yield.
Precision Agriculture Fuels Micronutrient Optimization: The integration of precision agriculture technologies is enabling farmers to apply secondary macronutrients like calcium, magnesium, and sulfur with greater accuracy. This global secondary macronutrient market trend enhances nutrient use efficiency, minimizes input expenses, and increases crop yields, fuelling demand for customized nutrient blends in both developed and developing agricultural markets.
How does Precision Farming Boost Secondary Macronutrient Usage in North America?
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