$37.12 Billion Secondary Macronutrients Market Report 2018-2022 by Nutrient, Form, Application Method, Crop Type, and Region - ResearchAndMarkets.com
Jun. 08, 2018
DUBLIN--(BUSINESS WIRE)--Jun 8, 2018--The "Secondary Macronutrients Market by Nutrient (Calcium, Magnesium, and Sulfur), Form (Dry and Liquid), Application Method (Solid Application and Liquid Application), Crop Type, and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The secondary macronutrients market is projected to reach USD 37.12 billion by 2022 from USD 30.86 billion in 2017, at a CAGR of 3.76%.
Secondary macronutrients include three major nutrients, namely, calcium, magnesium, and sulfur; in some countries, they are also referred as secondary nutrients. There is an increase in the need for secondary macronutrients in plant growth and development, due to the growing importance of higher crop yields.
Due to the increasing deficiencies of sulfur, magnesium, and calcium in the soil, the market for fertilizers containing secondary macronutrients is growing, globally. Another major factor driving the secondary macronutrients market is the rising demand for fruits & vegetables that require large amounts of nutrition during their growth stage.
Regions such as Western Europe, North America, South America, Oceania, and Asia are recognizing secondary macronutrient imbalance in soil and its effect on crop health. With the increase in modern agricultural practices, the use of fertilizers with high concentrations of primary nutrients have increased, thereby making the soils less fertile and deficient in secondary nutrients. Thus, there is a global demand for secondary macronutrients from farmers to combat the impact of nutrient deficiency in crop production.
The Asia Pacific region dominated the secondary macronutrients market, as the region is one of the largest producers of fruits & vegetables, which consume large amounts of secondary nutrients. Also, the growers
in this region are more focused on increasing yield by using limited land area.
Multinational companies are increasingly including secondary macronutrients in their portfolios, which helps them provide unique crop-focused product lines across many countries. However, there is lack of awareness in developing countries such as African and the Middle Eastern countries, due to the production of counterfeit products that impact the crop yield and the soil nutrition.
Companies MentionedCoromandel International Deepak Fertilisers And Petrochemicals Haifa Chemicals Israel Chemicals Ltd. K+S Koch Industries Kugler Company Nufarm Nutrien Sapec Agro Business The Mosaic Company Yara International
Key Topics Covered
2. Research Methodology
3. Executive Summary
4. Premium Insights
5. Market Overview
6. Industry Trends
7. Secondary Macronutrients Market, By Nutrient
8. Secondary Macronutrients Market, By Formulation
9. Secondary Macronutrients Market, By Application Method
10. Secondary Macronutrients Market, By Crop Type
11. Secondary Macronutrients Market, By Region
12. Competitive Landscape
13. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/bjjjz5/37_12_billion?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180608005752/en/
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Related Topics:Crop Farming
INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 06/08/2018 04:02 PM/DISC: 06/08/2018 04:02 PM