The secondary macronutrients market size has grown steadily in recent years. It will grow from $41.68 billion in 2024 to $43.33 billion in 2025 at a compound annual growth rate (CAGR) of 4%. The growth in the historic period can be attributed to the growing demand for secondary macronutrients, urbanization and infrastructure development, growing agricultural sector, increasing focus on sustainability, and raw material prices.
The secondary macronutrients market size is expected to see strong growth in the next few years. It will grow to $53.62 billion in 2029 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to increasing agricultural activities, rising demand for food products, environmental sustainability initiatives, urbanization and infrastructure development, and regulatory support for soil health. Major trends in the forecast period include research and development, increasing awareness of nutrient deficiencies, government support for agricultural modernization, rising global population, supply chain resilience and efficiency.
The anticipated expansion of the agriculture industry is set to drive the growth of the secondary macronutrients market in the near future. The agriculture industry encompasses crop and livestock farming, farming engineering, and the production of agricultural equipment, chemical fertilizers, and related items. Secondary macronutrients play a vital role in agricultural practices by promoting optimal plant growth and enhancing soil fertility. These nutrients contribute to maintaining the proper nutrient balance in soils and plants, optimizing soil pH, improving soil aggregation, enhancing water infiltration, and facilitating nutrient assimilation for increased crop productivity. For example, in February 2023, the United States Department of Agriculture reported an 11% growth, equivalent to $19.5 billion, in U.S. agricultural exports compared to the previous record established in 2021, underscoring the positive impact of the expanding agriculture industry on the secondary macronutrients market.
The escalating challenges posed by climate change are expected to drive the growth of the secondary micronutrient market in the foreseeable future. Climate change refers to long-term alterations in global or regional climate patterns, characterized by shifts in temperature, precipitation, and weather conditions. The unpredictable weather patterns and changing soil conditions associated with climate change heighten the importance of secondary micronutrients as a crucial solution to address nutrient deficiencies and enhance plant health amid evolving environmental challenges. According to a report published by the World Health Organization in October 2023, approximately 3.6 billion people reside in regions highly vulnerable to the impacts of climate change. The report also projects that climate change will result in an estimated annual increase of around 250,000 deaths from 2030 to 2050 due to factors such as undernutrition, malaria, diarrhea, and heat stress, further emphasizing the role of secondary micronutrients in mitigating these challenges.
Major companies in the secondary micronutrient market are focusing on the development of innovative products such as granular micronutrients to meet growing demand. Granular micronutrients are formulated in a solid or granular form. For instance, in February 2023, Andersons Inc. launched MicroMark DG, featuring dispersing granule (DG) technology for homogeneous spherical granules. This technology ensures seamless blending, uniform spreading, and heightened efficacy. MicroMark DG products, such as MicroMark DG Blitz and MicroMark DG Humic, showcase versatility and optimal performance across various crop applications.
Major companies in the secondary macronutrient market are focusing on developing innovative products, such as crop nutrition solutions, to reach larger customer bases, increase sales, and boost revenue. Crop nutrition solutions encompass a variety of products and practices aimed at optimizing nutrient availability and uptake for crops, promoting healthy growth, and maximizing yield. For example, in October 2024, SPARTA Biodiscovery, a Greece-based agribusiness company, introduced Functional Crop Nutrition (FCN), which offers a comprehensive approach to crop nutrition that includes nourishing, protecting, and biostimulating plants. This solution provides essential macro- and micronutrients necessary for optimal crop growth while also protecting crops from diseases, pests, and environmental stressors like drought and heat.
In February 2024, ICL, an Israel-based minerals and chemicals company, acquired Nitro 1000 for an undisclosed amount. This acquisition is part of ICL's strategy to strengthen its presence in Brazil's biological market by enhancing its product portfolio and expanding its specialized plant nutrition offerings for key crops such as soybeans, corn, and sugarcane. Nitro 1000 is a Brazil-based biotechnology company that focuses on developing, manufacturing, and supplying biological products for agriculture, including secondary micronutrients.
Major companies operating in the secondary macronutrients market include Sinochem Holdings Corporation Ltd, Archer Daniels Midland Company, Bunge Limited, Dow Chemical Company, Bayer AG, Nutrien Ltd., Mitsubishi Chemical Holdings Corporation, Syngenta AG, BASF SE, Yara International ASA, Sumitomo Chemical Co. Ltd., The Mosaic Company, DuPont de Nemours Inc., SQM, EuroChem Group AG, ICL Group Ltd, Israel Chemicals Ltd., K+S Aktiengesellschaft AG, Sinofert Holdings Limited, Rashtriya Chemicals and Fertilizers Ltd., Coromandel International Limited, Haifa Group, Zuari Agro Chemicals Ltd., Compo Expert, Gujarat State Fertilizers & Chemicals Ltd., Deepak Fertilisers and Petrochemicals Corporation Limited, Koch Ag and Energy Solutions LLC., Kugler Company.
Asia-Pacific was the largest region in the secondary macronutrients market in 2024. The regions covered in the secondary macronutrients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the secondary macronutrients market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Secondary macronutrients are compounds necessary for plants in quantities smaller than N, P, and K but larger than micronutrients. These encompass the elements calcium (Ca), magnesium (Mg), and sulfur (S), playing a vital role in ensuring proper plant growth, development, and overall nutritional equilibrium.
The primary secondary macronutrients include calcium, magnesium, and sulfur. Calcium, a silvery-white divalent metal, is present in minerals such as limestone, chalk, and gypsum. In agriculture, it enhances crop vitality by stimulating root production. Its ability to bind to plant cell walls stabilizes them, fostering cell wall development. Crops benefiting from secondary macronutrients encompass cereals, grains, oilseeds, pulses, fruits, and vegetables. Various application methods, such as solid and liquid applications, cater to the diverse needs of these crops.
The secondary macronutrients market research report is one of a series of new reports that provides secondary macronutrients market statistics, including secondary macronutrients industry global market size, regional shares, competitors with a secondary macronutrients market share, detailed secondary macronutrients market segments, market trends and opportunities, and any further data you may need to thrive in the secondary macronutrients industry. This secondary macronutrients market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The secondary macronutrient market consists of sales of manganese (Mn), boron (B), copper (Cu), iron (Fe), molybdenum (Mo), chloride (Cl), and nickel (Ni). Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The secondary macronutrients market size is expected to see strong growth in the next few years. It will grow to $53.62 billion in 2029 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to increasing agricultural activities, rising demand for food products, environmental sustainability initiatives, urbanization and infrastructure development, and regulatory support for soil health. Major trends in the forecast period include research and development, increasing awareness of nutrient deficiencies, government support for agricultural modernization, rising global population, supply chain resilience and efficiency.
The anticipated expansion of the agriculture industry is set to drive the growth of the secondary macronutrients market in the near future. The agriculture industry encompasses crop and livestock farming, farming engineering, and the production of agricultural equipment, chemical fertilizers, and related items. Secondary macronutrients play a vital role in agricultural practices by promoting optimal plant growth and enhancing soil fertility. These nutrients contribute to maintaining the proper nutrient balance in soils and plants, optimizing soil pH, improving soil aggregation, enhancing water infiltration, and facilitating nutrient assimilation for increased crop productivity. For example, in February 2023, the United States Department of Agriculture reported an 11% growth, equivalent to $19.5 billion, in U.S. agricultural exports compared to the previous record established in 2021, underscoring the positive impact of the expanding agriculture industry on the secondary macronutrients market.
The escalating challenges posed by climate change are expected to drive the growth of the secondary micronutrient market in the foreseeable future. Climate change refers to long-term alterations in global or regional climate patterns, characterized by shifts in temperature, precipitation, and weather conditions. The unpredictable weather patterns and changing soil conditions associated with climate change heighten the importance of secondary micronutrients as a crucial solution to address nutrient deficiencies and enhance plant health amid evolving environmental challenges. According to a report published by the World Health Organization in October 2023, approximately 3.6 billion people reside in regions highly vulnerable to the impacts of climate change. The report also projects that climate change will result in an estimated annual increase of around 250,000 deaths from 2030 to 2050 due to factors such as undernutrition, malaria, diarrhea, and heat stress, further emphasizing the role of secondary micronutrients in mitigating these challenges.
Major companies in the secondary micronutrient market are focusing on the development of innovative products such as granular micronutrients to meet growing demand. Granular micronutrients are formulated in a solid or granular form. For instance, in February 2023, Andersons Inc. launched MicroMark DG, featuring dispersing granule (DG) technology for homogeneous spherical granules. This technology ensures seamless blending, uniform spreading, and heightened efficacy. MicroMark DG products, such as MicroMark DG Blitz and MicroMark DG Humic, showcase versatility and optimal performance across various crop applications.
Major companies in the secondary macronutrient market are focusing on developing innovative products, such as crop nutrition solutions, to reach larger customer bases, increase sales, and boost revenue. Crop nutrition solutions encompass a variety of products and practices aimed at optimizing nutrient availability and uptake for crops, promoting healthy growth, and maximizing yield. For example, in October 2024, SPARTA Biodiscovery, a Greece-based agribusiness company, introduced Functional Crop Nutrition (FCN), which offers a comprehensive approach to crop nutrition that includes nourishing, protecting, and biostimulating plants. This solution provides essential macro- and micronutrients necessary for optimal crop growth while also protecting crops from diseases, pests, and environmental stressors like drought and heat.
In February 2024, ICL, an Israel-based minerals and chemicals company, acquired Nitro 1000 for an undisclosed amount. This acquisition is part of ICL's strategy to strengthen its presence in Brazil's biological market by enhancing its product portfolio and expanding its specialized plant nutrition offerings for key crops such as soybeans, corn, and sugarcane. Nitro 1000 is a Brazil-based biotechnology company that focuses on developing, manufacturing, and supplying biological products for agriculture, including secondary micronutrients.
Major companies operating in the secondary macronutrients market include Sinochem Holdings Corporation Ltd, Archer Daniels Midland Company, Bunge Limited, Dow Chemical Company, Bayer AG, Nutrien Ltd., Mitsubishi Chemical Holdings Corporation, Syngenta AG, BASF SE, Yara International ASA, Sumitomo Chemical Co. Ltd., The Mosaic Company, DuPont de Nemours Inc., SQM, EuroChem Group AG, ICL Group Ltd, Israel Chemicals Ltd., K+S Aktiengesellschaft AG, Sinofert Holdings Limited, Rashtriya Chemicals and Fertilizers Ltd., Coromandel International Limited, Haifa Group, Zuari Agro Chemicals Ltd., Compo Expert, Gujarat State Fertilizers & Chemicals Ltd., Deepak Fertilisers and Petrochemicals Corporation Limited, Koch Ag and Energy Solutions LLC., Kugler Company.
Asia-Pacific was the largest region in the secondary macronutrients market in 2024. The regions covered in the secondary macronutrients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the secondary macronutrients market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Secondary macronutrients are compounds necessary for plants in quantities smaller than N, P, and K but larger than micronutrients. These encompass the elements calcium (Ca), magnesium (Mg), and sulfur (S), playing a vital role in ensuring proper plant growth, development, and overall nutritional equilibrium.
The primary secondary macronutrients include calcium, magnesium, and sulfur. Calcium, a silvery-white divalent metal, is present in minerals such as limestone, chalk, and gypsum. In agriculture, it enhances crop vitality by stimulating root production. Its ability to bind to plant cell walls stabilizes them, fostering cell wall development. Crops benefiting from secondary macronutrients encompass cereals, grains, oilseeds, pulses, fruits, and vegetables. Various application methods, such as solid and liquid applications, cater to the diverse needs of these crops.
The secondary macronutrients market research report is one of a series of new reports that provides secondary macronutrients market statistics, including secondary macronutrients industry global market size, regional shares, competitors with a secondary macronutrients market share, detailed secondary macronutrients market segments, market trends and opportunities, and any further data you may need to thrive in the secondary macronutrients industry. This secondary macronutrients market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The secondary macronutrient market consists of sales of manganese (Mn), boron (B), copper (Cu), iron (Fe), molybdenum (Mo), chloride (Cl), and nickel (Ni). Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Secondary Macronutrients Market Characteristics3. Secondary Macronutrients Market Trends and Strategies4. Secondary Macronutrients Market - Macro Economic Scenario including the impact of Interest Rates, Inflation, Geopolitics and Covid and Recovery on the Market32. Global Secondary Macronutrients Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Secondary Macronutrients Market34. Recent Developments in the Secondary Macronutrients Market
5. Global Secondary Macronutrients Growth Analysis and Strategic Analysis Framework
6. Secondary Macronutrients Market Segmentation
7. Secondary Macronutrients Market Regional and Country Analysis
8. Asia-Pacific Secondary Macronutrients Market
9. China Secondary Macronutrients Market
10. India Secondary Macronutrients Market
11. Japan Secondary Macronutrients Market
12. Australia Secondary Macronutrients Market
13. Indonesia Secondary Macronutrients Market
14. South Korea Secondary Macronutrients Market
15. Western Europe Secondary Macronutrients Market
16. UK Secondary Macronutrients Market
17. Germany Secondary Macronutrients Market
18. France Secondary Macronutrients Market
19. Italy Secondary Macronutrients Market
20. Spain Secondary Macronutrients Market
21. Eastern Europe Secondary Macronutrients Market
22. Russia Secondary Macronutrients Market
23. North America Secondary Macronutrients Market
24. USA Secondary Macronutrients Market
25. Canada Secondary Macronutrients Market
26. South America Secondary Macronutrients Market
27. Brazil Secondary Macronutrients Market
28. Middle East Secondary Macronutrients Market
29. Africa Secondary Macronutrients Market
30. Secondary Macronutrients Market Competitive Landscape and Company Profiles
31. Secondary Macronutrients Market Other Major and Innovative Companies
35. Secondary Macronutrients Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Secondary Macronutrients Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on secondary macronutrients market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for secondary macronutrients? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The secondary macronutrients market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Nutrient Type: Calcium; Magnesium; Sulfur2) By Crop Type: Cereals and Grains; Oilseeds and Pulses; Fruits and Vegetables; Other Crop Types
3) By Application Method: Solid Application; Liquid Application
Subsegments:
1) By Calcium: Calcium Carbonate; Calcium Nitrate; Calcium Sulfate2) By Magnesium: Magnesium Sulfate; Magnesium Oxide; Magnesium Nitrate
3) By Sulfur: Elemental Sulfur; Sulfate Compounds; Sulfur Coated Urea
Key Companies Mentioned: Sinochem Holdings Corporation Ltd; Archer Daniels Midland Company; Bunge Limited; Dow Chemical Company; Bayer AG
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Sinochem Holdings Corporation Ltd
- Archer Daniels Midland Company
- Bunge Limited
- Dow Chemical Company
- Bayer AG
- Nutrien Ltd.
- Mitsubishi Chemical Holdings Corporation
- Syngenta AG
- BASF SE
- Yara International ASA
- Sumitomo Chemical Co. Ltd.
- The Mosaic Company
- DuPont de Nemours Inc.
- SQM
- EuroChem Group AG
- ICL Group Ltd
- Israel Chemicals Ltd.
- K+S Aktiengesellschaft AG
- Sinofert Holdings Limited
- Rashtriya Chemicals and Fertilizers Ltd.
- Coromandel International Limited
- Haifa Group
- Zuari Agro Chemicals Ltd.
- Compo Expert
- Gujarat State Fertilizers & Chemicals Ltd.
- Deepak Fertilisers and Petrochemicals Corporation Limited
- Koch Ag and Energy Solutions LLC.
- Kugler Company
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | February 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 43.33 Billion |
| Forecasted Market Value ( USD | $ 53.62 Billion |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 28 |
