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.
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