Agricultural Secondary Nutrients Market - By Nutrient Type (Calcium, Magnesium, Sulfur), By Application Method (Soil, Foliar, Fertigation), By Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables), By Form (Liquid, Dry) & Forecast, 2024-2032

Published Date: July - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Agriculture | Format: Report available in PDF / Excel Format

View Details Buy Now 2890 Download Sample Ask for Discount Request Customization

Agricultural Secondary Nutrients Market - By Nutrient Type (Calcium, Magnesium, Sulfur), By Application Method (Soil, Foliar, Fertigation), By Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables), By Form (Liquid, Dry) & Forecast, 2024-2032

Agricultural Secondary Nutrients Market Size

Agricultural Secondary Nutrients Market size achieved USD 39.1 billion in 2023 and will grow at 4.2% CAGR from 2024 to 2032. This steady growth trajectory, propelled by key factors. The primary drivers include the swelling global population and its heightened food demands, necessitating a boost in agricultural productivity.

To get key market trends

  Download Free Sample

Secondary nutrients are pivotal in elevating crop yields and quality, underscoring their significance in sustainable agriculture. With soil degradation and nutrient depletion escalating due to intensive farming, the demand for these nutrients to restore soil fertility and sustain optimal crop growth has surged.

The Food and Agriculture Organization (FAO) highlights that approximately 33% of the world's soil faces moderate to severe degradation from erosion, salinization, compaction, acidification, and chemical pollution. This underscores the critical role of secondary nutrients in soil rejuvenation. Furthermore, the pivot towards precision agriculture and sustainable farming practices is amplifying the market's growth, ensuring a more targeted and efficient use of nutrients, including secondary ones.

Agricultural Secondary Nutrients Market Report Attributes
Report Attribute Details
Base Year 2023
Agricultural Secondary Nutrients Market Size in 2023 USD 39.1 Billion
Forecast Period 2024–2032
Forecast Period 2024–2032 CAGR 4.2%
2024–2032 Value Projection USD 56.7 Billion
Historical Data for 2021–2023
No. of Pages 200
Tables, Charts & Figures 172
Segments covered By Nutrients Type, By Crop Type, By Application, By Form
Growth Drivers
  • Increasing global food demand due to population growth
  • Rising awareness about balanced crop nutrition
  • Soil degradation and nutrient depletion in agricultural lands
Pitfalls & Challenges
  • Fluctuating raw material prices affecting production costs
  • Environmental concerns related to excessive fertilizer use

What are the growth opportunities in this market?

 Download Free Sample

Government initiatives and a rising awareness of balanced crop nutrition are further fueling the market's expansion. For example, India's soil health card scheme, aimed at informing farmers about their soil's nutrient status, has significantly raised awareness about the importance of secondary nutrients. The International Plant Nutrition Institute (IPNI) notes widespread deficiencies in secondary nutrients, particularly sulfur, across many global regions, underscoring the pressing need for their application.

Additionally, the upsurge in organic farming and the demand for premium produce have bolstered the utilization of natural and organic sources of secondary nutrients. Technological strides in fertilizer production and application methods are enhancing nutrient delivery systems, making them more efficient and environmentally friendly. As climate change alters soil conditions and crop growth patterns, the role of secondary nutrients in bolstering crop resilience is gaining recognition, further propelling market growth.

Farming isn't just about growing our food; it's also about keeping our planet healthy. One big challenge for farmers is getting the right amount of nutrients to their crops. Too little, and the crops won't grow well. Too much, and it can hurt the soil, water, and even the air. But getting the right amount of nutrients is tough these days. The cost of the raw materials used to make fertilizer keeps changing, which makes it hard for farmers to plan their budgets. And when fertilizer is too expensive, some farmers might skip using it altogether, which can lead to lower crop yields. On the other hand, using too much fertilizer can cause problems for the environment. Excess fertilizer can wash into our waterways, causing algae blooms and other water quality issues. It can also make the soil less healthy and add to greenhouse gas emissions. That's why scientists and farmers are looking for ways to get crops the nutrients they need without harming the planet. They're developing new types of fertilizer that are more efficient and less harmful to the environment. They're also figuring out ways to apply fertilizer more precisely, so it only goes where it's needed. By finding ways to balance crop nutrition with environmental protection, we can keep our farms productive and our planet healthy for generations to come.

Agricultural Secondary Nutrients Market Trends

The market is witnessing several notable trends that are shaping its trajectory. There's a growing shift towards precision agriculture, where farmers are adopting technologies like GPS-guided application systems and soil sensors to optimize nutrient use efficiency. This is complemented by an increasing focus on balanced crop nutrition, recognizing the crucial role of secondary nutrients in enhancing yields and crop quality. The market is also seeing a rise in demand for organic and bio-based nutrient sources, driven by the expanding organic farming sector and environmental concerns.

Manufacturers are responding by developing innovative formulations that combine multiple nutrients and improve nutrient availability to plants. Additionally, there's a trend towards customized nutrient solutions tailored to specific crop needs and local soil conditions. The integration of digital technologies in agriculture is facilitating better nutrient management decisions, while climate-smart agriculture practices are emphasizing the role of secondary nutrients in building crop resilience. These trends collectively point towards a more sophisticated, efficient, and sustainable approach to agricultural nutrient management.

Agricultural Secondary Nutrients Market Analysis

Learn more about the key segments shaping this market

 Download Free Sample

Calcium, a vital nutrient for plants, is expected to drive the calcium nutrients market to a staggering $16.2 billion by 2023. Over the next decade, it's projected to grow even faster, at a rate of 4.4% annually. This explosion in demand is due to the fact that calcium is like a superhero for plants. It's essential for building strong cell walls, healthy roots, and overall plant vitality. Farmers are also waking up to its power in preventing nasty diseases like blossom end rot in tomatoes and bitter pit in apples. As smart farming techniques like precision agriculture become more popular, farmers are realizing that calcium is a key to unlocking top-notch fruit quality and long shelf life. It's especially important for high-value crops like fruits and vegetables. Another factor driving demand is the rise of protected cultivation methods like greenhouses and hydroponics. These methods allow farmers to control nutrients precisely, making calcium even more crucial. With soil degradation and acidification becoming global concerns, farmers are turning to calcium-based soil amendments to boost soil health. This is another factor that's fueling the growth of the calcium nutrients market. So, the future is looking bright for calcium nutrients. As farmers continue to prioritize plant health and crop quality, the demand for this essential nutrient is expected to soar in the coming years.

Learn more about the key segments shaping this market

 Download Free Sample

The soil application segment will expand to USD 20.1 billion in 2024 and garner a 4.4% CAGR from 2024 to 2032. Several factors drive this robust expansion. Soil application, the primary method for delivering secondary nutrients, is both traditional and widely embraced. It ensures crops have access to nutrients efficiently and over an extended period. Farmers, increasingly aware of soil health's direct link to crop productivity, are pivoting towards soil-based nutrient management. Moreover, technological strides in soil testing and precision agriculture tools enhance the precision and efficiency of soil applications, curbing waste and boosting cost-effectiveness.

The rising adoption of conservation agriculture and sustainable farming practices further bolsters this segment, given their emphasis on balanced nutrient applications for soil fertility. Notably, government initiatives across various nations, promoting soil health and sustainable agriculture, are nudging farmers towards sound soil nutrient management practices. With global efforts escalating to combat soil degradation and enhance agricultural sustainability, the soil application segment is poised to maintain its lead in the market.

The agricultural secondary nutrients market serves various crop types, each with unique nutrient needs. Cereals and grains, including wheat, rice, and corn, form a significant segment due to their global cultivation and importance in food security. These crops require balanced secondary nutrients to enhance yield and quality. Oilseeds and pulses, such as soybeans, canola, and lentils, represent another crucial segment, driven by their nutritional value and industrial uses. Fruits and vegetables, as high-value crops, rely on secondary nutrients to improve quality, shelf life, and plant health. This segment is sensitive to nutrient deficiencies, requiring precise management.

The "Others" category, including turf grass, ornamentals, and specialty crops, has specific nutrient needs. Although smaller in volume, this segment demands premium nutrient products and specialized formulations. The diverse nutrient requirements across these crop types drive innovation in product development and application methods, contributing to the market's growth and diversification.

Hey there! When it comes to farming, plants need all sorts of nutrients to thrive. Two important ones are secondary nutrients. These come in two main formsliquid and dry. Liquid nutrients are like super fast food for plants. You can mix them with water and just pour them on like you're watering the garden. They get to the plants right away, which is great for when they need a boost or if you're using special farming methods like hydroponics. But they can be pricey to ship and you need special equipment to use them. Dry nutrients, on the other hand, are more like slow-release vitamins. They're granules or powders that you sprinkle over the soil. They hang out there and feed the plants over time, which is awesome for keeping the soil healthy in the long run. They're also easier to store and mix with other fertilizers, and they're perfect for big farms and when you're planting new crops. Which one you choose depends on what you're growing, how your soil is, what kind of equipment you have, and how you want to feed your plants. So, there's no one-size-fits-all answer. But now you know the basics, you can pick the best secondary nutrient form for your farming needs!

Looking for region specific data?

 Download Free Sample

Imagine a giant market for plant food in the Asia Pacific region. In 2023, it was worth a whopping $14.6 billion, and it's only going to keep getting bigger. Experts say it'll grow by over 4.4% every year from 2024 to 2032. Why is this market booming? Well, people want more food, so farmers need to grow more crops. And to do that, they need to feed their plants special nutrients, like calcium, magnesium, and sulfur. These nutrients help plants grow strong and healthy, and they're especially important for soil that's been used for a long time. Plus, governments are encouraging farmers to use more of these nutrients because they're better for the environment. As the world's population grows, we need to find ways to feed everyone without damaging the planet. Using these nutrients helps farmers do just that. So, whether it's to grow more food, keep the soil healthy, or protect the environment, the demand for these plant food supplements is going to keep soaring. And that means the market is going to keep getting bigger and bigger.

Agricultural Secondary Nutrients Market Share

Leading the market are prominent global and regional players, each playing a pivotal role in the sector's advancement. Industry heavyweights, including Nutrien Ltd., Yara International ASA, The Mosaic Company, and ICL Group, stand out with their expansive product offerings and worldwide presence. Europe's K+S Aktiengesellschaft and EuroChem Group bolster the international arena with their specialized knowledge, while North America's influence is notably represented by Koch Industries, Inc. In Asia, companies like Coromandel International Limited, Deepak Fertilisers and Petrochemicals Corporation Ltd., and UPL Limited are meeting the region's escalating agricultural demands. Nufarm Limited brings an Oceanian perspective to the table.

Noteworthy niche players, such as Haifa Group, renowned for its water-soluble fertilizers, Kugler Company focusing on liquid fertilizers, and Sulphur Mills Limited, specializing in sulfur-based products, play vital roles. Completing the roster is Zuari Agro Chemicals Ltd., a significant contributor to India's agricultural landscape. Together, these firms shape a competitive environment that fosters innovation, sustainability, and efficiency in the global market.

Agricultural Secondary Nutrients Market Companies

Top companies operating in the industry include

  • Coromandel International Limited
  • Deepak Fertilisers and Petrochemicals Corporation Ltd.
  • EuroChem Group
  • Haifa Group
  • ICL Group
  • K+S Aktiengesellschaft
  • Koch Industries, Inc.
  • Kugler Company
  • Nufarm Limited
  • Nutrien Ltd.
  • Sulphur Mills Limited
  • The Mosaic Company
  • UPL Limited
  • Yara International ASA
  • Zuari Agro Chemicals Ltd.
     

Agricultural Secondary Nutrients Industry News

  • In March 2023Nutrien Ltd., a prominent global supplier of agricultural inputs, completed an expansion at its Redwater facility in Alberta, Canada. This enhancement specifically targets ammonium sulfate, a vital secondary nutrient in fertilizers. The move is strategic, positioning Nutrien favorably in the global market, especially in North America and the Asia Pacific. Demand for sulfur-based fertilizers is rising in these regions due to escalating sulfur deficiencies in soils.
     
  • In May 2023ICL Group, a major player in specialty minerals, forged a partnership with AgriSmart, an AgTech startup specializing in precision farming. Their joint venture is dedicated to advancing smart technologies for secondary nutrients, with a particular focus on optimizing calcium and magnesium usage in diverse crops. This collaboration underscores the growing role of technology in nutrient management, promising more efficient secondary nutrient utilization in agriculture and potentially revolutionizing application techniques in the near future.

The agricultural secondary nutrients market research report includes in-depth coverage of the industry, with estimates and forecasts in terms of revenue and volume (USD Billion) (Kilo Tons) from 2024 to 2032, for the following segments

Click here to Buy Section of this Report

 

 

Market, By Nutrition Type

 

  • Calcium
  • Magnesium
  • Sulfur

Market, By Application

  • Soil
  • Foliar
  • Fertigation

Market, By Crop Type

  • Cereals & Grains
  • Oilseeds & Pulses
  • Fruits & Vegetables
  • Others (Turf, Ornamentals, etc.)

Market, By Form

  • Liquid
  • Dry

The above information is provided for the following regions and countries

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • MEA
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of MEA

Related Reports

Table of Content

To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )

List Tables Figures

To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )

FAQ'S

For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:

sales@marketinsightsresearch.com

Within 24 to 48 hrs.

You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email

You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.

Discounts are available.

Hard Copy

Email