This report provides exclusive insights into the COVID-19 impact on the Secondary Macronutrients Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Secondary Macronutrients Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Secondary Macronutrients Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on secondary
macronutrients market provides in-depth analysis of segments and sub-segments
in the global as well as regional secondary macronutrients market. The study
also highlights the impact of drivers, restraints, and macro indicators on the
global and regional secondary macronutrients market over the short term as well
as long term. The report is a comprehensive presentation of trends, forecast
and dollar values of global secondary macronutrients market. According to the
report, the global secondary macronutrients market is projected to grow at a
CAGR of 3.8% over the forecast period of 2019-2025.
Secondary macronutrients are essential to plant function the
amount required in quantities is comparatively less than Nitrogen, Phosphorus,
and potash, but more than micronutrients. Macronutrients include calcium (Ca),
magnesium (Mg), and sulfur (S). Each has their specific role to promote crop
growth. Calcium is a primary component of cell walls and structure, found in
gypsum, limestone, and calcium chloride. Magnesium helps for chlorophyll
synthesis while sulfur metabolized into the amino acid, cysteine, which is used
in various proteins and enzymes.
Expanding agriculture field and the growing importance of
macronutrients for healthy plant growth is one the major factor contributing to
the growth of the market. The amount of air and water pollution has increased
significantly from the last few years, which is becoming a major issue for the
healthy growth of the crops. With the proper use of macronutrients, a plant can
become more resistant to pollutants and improve the overall growth of the
plant. Furthermore, rising awareness about the importance of secondary
macronutrients, especially in developing countries is fuelling the growth of
the market. On the other hand, the limited availability of macronutrients in
the market can hamper the market. However, expanding the agriculture field and
the growing importance of the nutrients for better crop cultivation will
provide ample growth opportunities to the market in the forecast period.
Based on the region, the secondary macronutrients market is
categorized into North America, Europe, Asia-Pacific, and Row. The Asia-Pacific
dominates the market and anticipated to hold the largest share of the market in
the forecast period. Large agriculture area and growing awareness about the
secondary macronutrients for the overall growth of the crop is contributing to
the growth of the market in this area. Countries like India and China dominate
the market in this region. The market in North America and Europe is estimated
to grow with a healthy rate in the forecast period.
The report on global secondary macronutrients market covers
segments such as nutrient type, formulation, and crop type. On the basis of
nutrient type, the sub-markets include calcium, magnesium, and sulfur. On the
basis of formulation, the sub-markets include dry, and liquid. On the basis of
crop type, the sub-markets include fruits & vegetables, oilseeds &
pulses, cereals & grains, and other crop types.
The report provides profiles of the companies in the market such
as Nutrien, Yara International, The Mosaic Company, Israel Chemicals Ltd., K+S Nufarm,
Koch Industries, Coromandel International, Deepak Fertilisers and
Petrochemicals, Haifa Chemicals, Kugler Company, and Other companies.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of secondary
macronutrients market. Moreover, the study highlights current market trends and
provides forecast from 2019-2025. We also have highlighted future trends in the
market that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.