Secondary Macronutrients Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to secondary macronutrients market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Secondary Macronutrients Market News

in Secondary Macronutrients Market
  • In June 2024, K+S Aktiengesellschaft, Germany, announced a boost in magnesium sulfate production in its Werra plant in response to growing demand for fertilizers based on magnesium. The action supports crop yields and soil fertility in European and North American agricultural markets. The increase also fits the company's objective of reinforcing its position in high-efficiency secondary nutrient solutions.
  • In September 2024, Haifa Group (Israel) introduced its Poly-Feed Stimulus product line—water-soluble fertilizers enhanced with secondary macronutrients and biostimulants. This innovation enhances nutrient uptake and plant stress tolerance, meeting worldwide demand for climate-resilient, sustainable fertilizers. The new series promotes precision agriculture and demonstrates Haifa's emphasis on efficiency and environmental stewardship in contemporary farming.
  • In November 2024, Coromandel International Limited (India) acquired Liberty Phosphates to boost its manufacturing capabilities and market share in the sulfur-based fertilizer segment. This acquisition strengthens Coromandel's presence in India's growing secondary nutrient market and ensures greater product availability, complimenting the government initiative for balanced fertilisation and increased crop yields in varied agricultural regions.
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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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Global Secondary Macronutrients Market
Secondary Macronutrients Market

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