Agricultural Secondary Nutrients Market

SKU: DMAG2618 | Last Updated On: Nov 25 2021 | No. of Pages: 180 | Available Formats

> Global Agricultural Secondary Nutrients Market Expected to reach a high CAGR of 8.94% By 2028: DataM Intelligence

Global Agricultural Secondary Nutrients Market is segmented By Nutrient Type (Sulphur, Calcium, Magnesium), By Application Method (Solid, Liquid), By Crop Type (Cereals And Grains, Oilseeds and Pulses, Fruits and Vegetables, Turfs and Ornamentals, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2021 - 2028

 

Market Overview

The "Global Agricultural Secondary Nutrients Market" is predicted to grow at a high CAGR of  8.94% during the forecasting period (2021 - 2028).

Secondary nutrients are required in moderate quantities and are less likely to limit growing crops. Magnesium, calcium, and sulfur are incorporated into the secondary nutrients. Calcium helps absorb other important nutrients, likewise, magnesium acts as an excellent enzyme activator responsible for botanical growth and blooming. Plants require secondary macronutrients in minimal quantity but are not replaceable with any primary nutrients. Plants require minor amounts of secondary nutrients but are not replaceable with any primary nutrients.

Source: DataM Intelligence Analysis (2021)

Market Dynamics

Rapid decline in arable land and mounting pressure to increase crop productivity

The global market for agricultural micronutrients is fueled by decreasing arable land in major crop-producing countries and increasing soil contamination across the globe. The deficiency of essential secondary nutrients such as sulfur, magnesium, and calcium in soil due to excess exposure to synthetic chemical fertilizers is leading to increased demand for specially formulated nutrients for agricultural purposes. For instance, sulfur emission has decreased significantly over the last decades. In the United States, sulfur dioxide emission (SO2) has fallen to 2.82 million tonnes in 2017 from 31.22 million tonnes in 1970. Sulfur dioxide reduction is largely due to the Clean Air Act, which includes the implementation of the Acid Rain Programme. As the Clean Air Act progresses positively, sulfur emissions have been reduced, so the amount of atmospheric sulfur depositing in the soil is only 25 percent of what it used to be.  Crops are now sulfur deficient and more sulfur deficiency will continue in the future due to the "Clean Air Act" which will drive the market for agricultural secondary nutrients during the forecast period.

Adoption of backward integration strategy by key global food processing companies to get high-quality products and rapid acceptance of contract farming, where companies provide significant agricultural inputs, are expected to act as major growth-promoting factors for the agricultural secondary nutrients market. However, a lack of awareness about the positive aspects associated with the adoption of agricultural secondary nutrients among farmers based in some developing or under-developed economies is obstructing the growth of the market.

Market Segmentation

Calcium is by far the largest segment holding about XX% of the global market

The global agricultural secondary nutrients is segmented by nutrient type into calcium, magnesium, and sulfur. Calcium is by far the largest segment holding about XX% of the global market, owing to the growing demand for lime and gypsum to tackle soil acidity issues. In addition, calcium is the most important nutrient among the three macronutrients as it helps to strengthen the cell wall, reduce soil salinity, and improve water penetration. Calcium is responsible for proper plant cell division and for strengthening cell walls. It improves the absorption of other nutrients by roots and their translocation within the plant. It activates enzyme systems, helps convert nitrate-nitrogen into proteins and contributes to improved disease resistance. Without enough Ca, roots become stunted with impaired activity. Hence, the segment is expected to grow with a CAGR of XX% during the forecast period.

Geographical Penetration

Asia Pacific is the largest market for agricultural secondary nutrients with a share of nearly XX% in global sales value in 2020

The Asia Pacific agricultural secondary nutrients market will register a significant compound annual growth rate of XX% during 2021-2028. This can be attributed to the rising agriculture industry across major food-producing countries, coupled with rapidly rising incidences of nutrient deficiency in the soil of the region. The growing population across the region and rapidly rising demand for nutrient-rich food products is anticipated to boost the utilization of agricultural secondary nutrients products in the region. Furthermore, the adoption of innovative marketing approaches by key players of the region and the launch of programs to educate farmers about the benefits of using micronutrients to stimulate crop growth will help in expanding the market size of the region. The presence of major players such as Nufarm (Australia), Coromandel International (India), and Deepak Fertilisers and Petrochemicals (India) is supporting the market growth in this region.

The market in North America is anticipated to witness significant growth of XX% during the foreseeable years. This can be attributed to gradually declining arable land within countries such as the U.S. and Mexico, which is further generating the demand for specialized products. Rising awareness and adoption of crop nutrition products by farmers or growers within the region to produce quality crops are predicted to aid the growth of the North America agricultural secondary nutrients market.

Source: DataM Intelligence Analysis (2021)

Competitive Landscape

The global agricultural secondary nutrients market is fragmented, with various small and medium-sized companies coining smaller shares. Nutrien Ltd, Yara International, and Coromandel International are the leading market players in the segment, while smaller companies, such as Rural Liquid Fertilizers and Nutri-Tech Solutions also account for a formidable share in the market. These companies have used various strategies such as expansions, new product launches, agreements, partnerships, joint ventures, acquisitions, and others to increase their footprints in this market. For instance, in March 2021, The Mosaic Company and Sound Agriculture have formed a strategic partnership to bring a revolutionary nutrient efficiency product to market to boost yields across major row crops and improve soil health. In January 2018, Yara, acquired the urea business of Tata Chemicals for Rs 26.82 billion.

COVID-19 Impact: Pandemic had a negative impact on global agricultural secondary nutrients market

The widespread of novel coronavirus has had a modest negative impact on the agricultural industry in 2020 owing to the lockdowns and other restrictions imposed in most parts of the world. Global economies have contracted by 5% to as much as 20% during the first half of 2020. Increasing COVID-19 cases and uncertainties in the development of vaccines is poising the GDP to decline till the end of 2020. The global trade volumes are projected to decline between 13% and 32% in 2020 as a result of the economic impact of COVID-19. There have been multiple shocks impacting service delivery, such as fiscal constraints, interruption of supply chains due to travel restrictions, and lack of availability of labor. For example, Jiang et al. pointed out that COVID-19 has brought some adverse effects on the development of grain planting, livestock breeding, seed industry, leisure agriculture, agricultural products processing, vegetable industry, fruit industry, flower industry, and so on in China.

Why Purchase the Report?

  • Understand the current market scenario and viability of global agricultural secondary nutrients over the forecast period.
  • Visualize the composition of the global agricultural secondary nutrients market in terms of nutrient type, application method and crop type to identify major players, growth potential, and market strategies
  • Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
  • Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining to the market

What we offer?

  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Excel data sheet with valuable data points of the global agricultural secondary nutrients market – Regional and Country level segmentation
  • Product mapping in excel for the key products of all major market players
  • Market Share Analysis covering business revenues ($) and revenue share (%) of key market players

Target Audience:

  • Agrochemical Companies
  • Farmer and Grower Communities
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals

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Table of Contents

  1. Global Agricultural Secondary Nutrients Market -Scope and Methodology

    1. Research Methodology
    2. Scope of the Market
  2. Global Agricultural Secondary Nutrients Market -Key Trends and Developments

  3. Global Agricultural Secondary Nutrients Market – Executive Summary

    1. Market Snippet by Nutrient Type
    2. Market Snippet by Application Method
    3. Market Snippet by Crop Type
  4. Global Agricultural Secondary Nutrients Market – Market Dynamics

    1. Market impacting factors
      1. Drivers
      2. Restraints
      3. Opportunities
    2. Impact analysis
  5. Global Agricultural Secondary Nutrients Market – Industry Analysis

    1. Porter's five forces analysis
    2. Value chain analysis
    3. Patent Analysis
    4. Regulatory Analysis
  6. Global Agricultural Secondary Nutrients Market – COVID-19 Analysis

    1. Analysis of Covid-19 on the Market
      1. Before COVID-19 Market Scenario
      2. Present COVID-19 Market Scenario
      3. After COVID-19 or Future Scenario
    2. Pricing Dynamics Amid Covid-19
    3. Demand-Supply Spectrum
    4. Government Initiatives Related to the Market During Pandemic
    5. Manufacturers Strategic Initiatives
  7. Global Agricultural Secondary Nutrients Market – By Nutrient Type

    1. Introduction
      1. Market size analysis, and y-o-y growth analysis (%), By Nutrient Type segment
      2. Market attractiveness index, By Nutrient Type segment
    2. Sulphur *
      1. Introduction
      2. Market Size Analysis, US$ Million, 2019-2028 And Y-O-Y Growth Analysis (%), 2020-2028    
    3. Calcium
    4. Magnesium
  8. Global Agricultural Secondary Nutrients Market – By Application Method

    1. Introduction
      1. Market size analysis, and y-o-y growth analysis (%), By Application Method Segment
      2. Market attractiveness index, By Application Method Segment
    2. Solid*
      1. Introduction
      2. Market Size Analysis, US$ Million, 2019-2028 And Y-O-Y Growth Analysis (%), 2020-2028    
    3. Liquid
  9. Global Agricultural Secondary Nutrients Market – By Crop Type

    1. Introduction
      1. Market size analysis, and y-o-y growth analysis (%), By Crop Type Segment
      2. Market attractiveness index, By Crop Type Segment
    2. Cereals and Grains*
      1. Introduction
      2. Market Size Analysis, US$ Million, 2019-2028 And Y-O-Y Growth Analysis (%), 2020-2028    
    3. Oilseeds and Pulses
    4. Fruits and Vegetables
    5. Turfs and Ornamentals
    6. Others
  10. Global Agricultural Secondary Nutrients Market – By Region

    1. Introduction
      1. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Region
      2. Market Attractiveness Index, By Region
    2. North America*
      1. Introduction
      2. Key region-specific dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Nutrient Type
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application Method
      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Crop Type
      6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
        1. U.S.
        2. Canada
        3. Mexico
    3. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Nutrient Type
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application Method
      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Crop Type
      6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    4. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Nutrient Type
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application Method
      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Crop Type
      6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
        1. Germany
        2. U.K.
        3. France
        4. Spain
        5. Italy
        6. Rest of Europe
    5. Asia Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Nutrient Type
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application Method
      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Crop Type
      6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. Rest of Asia Pacific
    6. Middle East and Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Nutrient Type
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application Method
      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Crop Type
  11. Global Agricultural Secondary Nutrients Market – Competitive Landscape
    1. Competitive scenario
    2. Competitor strategy analysis
    3. Market positioning/share analysis
    4. Mergers and acquisitions analysis
  12. Global Agricultural Secondary Nutrients Market Company Profiles

    1. Nufarm
      1. Company Overview
      2. Type Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. The Mosaic Company
    3. Nutrien
    4. Deepak Fertilisers and Petrochemicals
    5. Yara International
    6. Coromandel International
    7. Haifa Chemicals
    8. Israel Chemicals Ltd.
    9.  Koch Industries
    10. Coromandel International(*List not Exhaustive*)
  13. Global Agricultural Secondary Nutrients Market – Premium Insights

  14. Global Agricultural Secondary Nutrients Market – DataM

    1. Appendix
    2. About us and services
    3. Contact us

List of Tables & Figures

List of Tables

Table 1        Global Agricultural Secondary Nutrients Market Value, By Nutrient Type, 2020, 2024 & 2028 ($ Million)

Table 2        Global Agricultural Secondary Nutrients Market Value, By Application Method, 2020, 2024 & 2028 ($ Million)

Table 3        Global Agricultural Secondary Nutrients Market Value, By Crop Type, 2020, 2024 & 2028 ($ Million)

Table 4        Global Agricultural Secondary Nutrients Market Value, By Region, 2020, 2024 & 2028 ($ Million)

Table 5        Global Agricultural Secondary Nutrients Market Value, By Nutrient Type, 2020, 2024 & 2028 ($ Million)

Table 6        Global Agricultural Secondary Nutrients Market Value, By Nutrient Type, 2019-2028 ($ Million)

Table 7        Global Agricultural Secondary Nutrients Market Value, By Application Method, 2020, 2024 & 2028 ($ Million)

Table 8        Global Agricultural Secondary Nutrients Market Value, By Application Method, 2019-2028 ($ Million)

Table 9        Global Agricultural Secondary Nutrients Market Value, By Crop Type, 2020, 2024 & 2028 ($ Million)

Table 10      Global Agricultural Secondary Nutrients Market Value, By Crop Type, 2019-2028 ($ Million)

Table 11       Global Agricultural Secondary Nutrients Market Value, By Region, 2020, 2024 & 2028 ($ Million)

Table 12      Global Agricultural Secondary Nutrients Market Value, By Region, 2019-2028 ($ Million)

Table 13      North America Agricultural Secondary Nutrients Market Value, By Nutrient Type, 2019-2028 ($ Million)

Table 14      North America Agricultural Secondary Nutrients Market Value, By Application Method, 2019-2028 ($ Million)

Table 15      North America Agricultural Secondary Nutrients Market Value, By Crop Type, 2019-2028 ($ Million)

Table 16      North America Agricultural Secondary Nutrients Market Value, By Country, 2019-2028 ($ Million)

Table 17      South America Agricultural Secondary Nutrients Market Value, By Nutrient Type, 2019-2028 ($ Million)

Table 18      South America Agricultural Secondary Nutrients Market Value, By Application Method, 2019-2028 ($ Million)

Table 19      South America Agricultural Secondary Nutrients Market Value, By Crop Type, 2019-2028 ($ Million)

Table 20      South America Agricultural Secondary Nutrients Market Value, By Country, 2019-2028 ($ Million)

Table 21      Europe Agricultural Secondary Nutrients Market Value, By Nutrient Type, 2019-2028 ($ Million)

Table 22      Europe Agricultural Secondary Nutrients Market Value, By Application Method, 2019-2028 ($ Million)

Table 23      Europe Agricultural Secondary Nutrients Market Value, By Crop Type, 2019-2028 ($ Million)

Table 24      Europe Agricultural Secondary Nutrients Market Value, By Country, 2019-2028 ($ Million)

Table 25      Asia-Pacific Agricultural Secondary Nutrients Market Value, By Nutrient Type, 2019-2028 ($ Million)

Table 26      Asia-Pacific Agricultural Secondary Nutrients Market Value, By Application Method, 2019-2028 ($ Million)

Table 27      Asia-Pacific Agricultural Secondary Nutrients Market Value, By Crop Type, 2019-2028 ($ Million)

Table 28      Asia-Pacific Agricultural Secondary Nutrients Market Value, By Country, 2019-2028 ($ Million)

Table 29      Middle East & Africa Agricultural Secondary Nutrients Market Value, By Nutrient Type, 2019-2028 ($ Million)

Table 30      Middle East & Africa Agricultural Secondary Nutrients Market Value, By Application Method, 2019-2028 ($ Million)

Table 31      Middle East & Africa Agricultural Secondary Nutrients Market Value, By Crop Type, 2019-2028 ($ Million)

Table 32      Nufarm: Overview

Table 33      Nufarm: Product Portfolio

Table 34      Nufarm: Key Developments

Table 35      The Mosaic Company: Overview

Table 36      The Mosaic Company: Product Portfolio

Table 37      The Mosaic Company: Key Developments

Table 38      Nutrien : Overview

Table 39      Nutrien : Product Portfolio

Table 40      Nutrien : Key Developments

Table 41      Deepak Fertilisers and Petrochemicals: Overview

Table 42      Deepak Fertilisers and Petrochemicals: Product Portfolio

Table 43      Deepak Fertilisers and Petrochemicals: Key Developments

Table 44      Yara International: Overview

Table 45      Yara International: Product Portfolio

Table 46      Yara International: Key Developments

Table 47      Coromandel International: Overview

Table 48      Coromandel International: Product Portfolio

Table 49      Coromandel International: Key Developments

Table 50      Haifa Chemicals: Overview

Table 51      Haifa Chemicals: Product Portfolio

Table 52      Haifa Chemicals: Key Developments

Table 53      Israel Chemicals Ltd.: Overview

Table 54      Israel Chemicals Ltd.: Product Portfolio

Table 55      Israel Chemicals Ltd.: Key Developments

Table 56      Koch Industries: Overview

Table 57      Koch Industries: Product Portfolio

Table 58      Koch Industries: Key Developments

Table 59      Coromandel International: Overview

Table 60      Coromandel International: Product Portfolio

Table 61      Coromandel International: Key Developments

List of Figures

Figure 1      Global Agricultural Secondary Nutrients Market Share, By Nutrient Type, 2020 & 2028 (%)

Figure 2      Global Agricultural Secondary Nutrients Market Share, By Application Method, 2020 & 2028 (%)

Figure 3      Global Agricultural Secondary Nutrients Market Share, By Crop Type, 2020 & 2028 (%)

Figure 4      Global Agricultural Secondary Nutrients Market Share, By Region, 2020 & 2028 (%)

Figure 5      Global Agricultural Secondary Nutrients Market Value, 2019-2028 ($ Million)

Figure 6      Global Agricultural Secondary Nutrients Market Y-o-Y Growth, By Nutrient Type, 2020-2028 (%)

Figure 7      Sulphur: Global Agricultural Secondary Nutrients Market Value, 2019-2028 ($ Million)

Figure 8     Calcium: Global Agricultural Secondary Nutrients Market Value, 2019-2028 ($ Million)

Figure 9      Magnesium: Global Agricultural Secondary Nutrients Market Value, 2019-2028 ($ Million)

Figure 10    Global Agricultural Secondary Nutrients Market Y-o-Y Growth, By Application Method, 2020-2028 (%)

Figure 11    Solid: Global Agricultural Secondary Nutrients Market Value, 2019-2028 ($ Million)

Figure 12    Liquid: Global Agricultural Secondary Nutrients Market Value, 2019-2028 ($ Million)

Figure 13    Global Agricultural Secondary Nutrients Market Y-o-Y Growth, By Crop Type, 2020-2028 (%)

Figure 14    Cereals and Grains: Global Agricultural Secondary Nutrients Market Value, 2019-2028 ($ Million)

Figure 15    Oilseeds and Pulses: Global Agricultural Secondary Nutrients Market Value, 2019-2028 ($ Million)

Figure 16    Fruits and Vegetables: Global Agricultural Secondary Nutrients Market Value, 2019-2028 ($ Million)

Figure 17    Turfs and Ornamentals: Global Agricultural Secondary Nutrients Market Value, 2019-2028 ($ Million)

Figure 18    Others: Global Agricultural Secondary Nutrients Market Value, 2019-2028 ($ Million)

Figure 19    Global Agricultural Secondary Nutrients Market Y-o-Y Growth, By Region, 2020-2028 (%)

Figure 20   North America Agricultural Secondary Nutrients Market Value, 2019-2028 ($ Million)

Figure 21    North America Agricultural Secondary Nutrients Market Share, By Nutrient Type, 2020 & 2028 (%)

Figure 22   North America Agricultural Secondary Nutrients Market Share, By Application Method, 2020 & 2028 (%)

Figure 23   North America Agricultural Secondary Nutrients Market Share, By Crop Type, 2020 & 2028 (%)

Figure 24   North America Agricultural Secondary Nutrients Market Share, By Country, 2020 & 2028 (%)

Figure 25   South America Agricultural Secondary Nutrients Market Value, 2019-2028 ($ Million)

Figure 26   South America Agricultural Secondary Nutrients Market Share, By Nutrient Type, 2020 & 2028 (%)

Figure 27    South America Agricultural Secondary Nutrients Market Share, By Application Method, 2020 & 2028 (%)

Figure 28   South America Agricultural Secondary Nutrients Market Share, By Crop Type, 2020 & 2028 (%)

Figure 29   South America Agricultural Secondary Nutrients Market Share, By Country, 2020 & 2028 (%)

Figure 30   Europe Agricultural Secondary Nutrients Market Value, 2019-2028 ($ Million)

Figure 31    Europe Agricultural Secondary Nutrients Market Share, By Nutrient Type, 2020 & 2028 (%)

Figure 32   Europe Agricultural Secondary Nutrients Market Share, By Application Method, 2020 & 2028 (%)

Figure 33   Europe Agricultural Secondary Nutrients Market Share, By Crop Type, 2020 & 2028 (%)

Figure 34   Europe Agricultural Secondary Nutrients Market Share, By Country, 2020 & 2028 (%)

Figure 35   Asia-Pacific Agricultural Secondary Nutrients Market Value, 2019-2028 ($ Million)

Figure 36   Asia-Pacific Agricultural Secondary Nutrients Market Share, By Nutrient Type, 2020 & 2028 (%)

Figure 37    Asia-Pacific Agricultural Secondary Nutrients Market Share, By Application Method, 2020 & 2028 (%)

Figure 38   Asia-Pacific Agricultural Secondary Nutrients Market Share, By Crop Type, 2020 & 2028 (%)

Figure 39   Asia-Pacific Agricultural Secondary Nutrients Market Share, By Country, 2020 & 2028 (%)

Figure 40   Middle East & Africa Agricultural Secondary Nutrients Market Value, 2019-2028 ($ Million)

Figure 41    Middle East & Africa Agricultural Secondary Nutrients Market Share, By Nutrient Type, 2020 & 2028 (%)

Figure 42   Middle East & Africa Agricultural Secondary Nutrients Market Share, By Application Method, 2020 & 2028 (%)

Figure 43   Middle East & Africa Agricultural Secondary Nutrients Market Share, By Crop Type, 2020 & 2028 (%)

Figure 44   Nufarm: Financials

Figure 45   The Mosaic Company: Financials

Figure 46   Nutrien : Financials

Figure 47    Deepak Fertilisers and Petrochemicals: Financials

Figure 48   Yara International: Financials

Figure 49   Coromandel International: Financials

Figure 50   Haifa Chemicals: Financials

Figure 51    Israel Chemicals Ltd.: Financials

Figure 52   Koch Industries: Financials

Figure 53   Coromandel International: Financials

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