Table of Content

1 INTRODUCTION 35
1.1 STUDY OBJECTIVES 35
1.2 MARKET DEFINITION 35
1.3 STUDY SCOPE 36
FIGURE 1 SECONDARY MACRONUTRIENTS: MARKET SEGMENTATION 36
1.3.1 INCLUSIONS AND EXCLUSIONS 37
1.4 REGIONS COVERED 38
1.5 YEARS CONSIDERED 38
1.6 UNITS CONSIDERED 39
1.6.1 CURRENCY 39
TABLE 1 USD EXCHANGE RATES CONSIDERED, 2018–2022 39
1.6.2 VOLUME 40
1.7 STAKEHOLDERS 40
1.8 SUMMARY OF CHANGES 40
2 RESEARCH METHODOLOGY 41
2.1 RESEARCH DATA 41
FIGURE 2 SECONDARY MACRONUTRIENTS MARKET: RESEARCH DESIGN 41
2.1.1 SECONDARY DATA 42
2.1.1.1 Key data from secondary sources 42
2.1.2 PRIMARY DATA 43
2.1.2.1 Key industry insights 43
2.1.2.2 Breakdown of primary interviews 44
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 44
2.2 MARKET SIZE ESTIMATION 45
2.2.1 SECONDARY MACRONUTRIENTS MARKET SIZE ESTIMATION – SUPPLY SIDE 45
2.2.2 SECONDARY MACRONUTRIENTS MARKET SIZE ESTIMATION – DEMAND SIDE 46
FIGURE 4 SECONDARY MACRONUTRIENTS MARKET: BOTTOM-UP APPROACH 46
2.2.3 TOP-DOWN APPROACH 47
FIGURE 5 SECONDARY MACRONUTRIENTS MARKET: TOP-DOWN APPROACH 47
2.3 GROWTH RATE FORECAST ASSUMPTION 48
2.4 DATA TRIANGULATION 49
FIGURE 6 DATA TRIANGULATION 49
2.5 RECESSION IMPACT ANALYSIS 50
2.6 RESEARCH ASSUMPTIONS 51
2.7 RESEARCH LIMITATIONS & ASSOCIATED RISKS 51
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3 EXECUTIVE SUMMARY 52
TABLE 2 SECONDARY MACRONUTRIENTS MARKET SNAPSHOT, 2023 VS. 2028 53
FIGURE 7 SECONDARY MACRONUTRIENTS MARKET, BY MODE OF APPLICATION,
2023 VS. 2028 (USD BILLION) 53
FIGURE 8 SECONDARY MACRONUTRIENTS MARKET, BY NUTRIENT,
2023 VS. 2028 (USD BILLION) 54
FIGURE 9 SECONDARY MACRONUTRIENTS MARKET, BY CROP TYPE,
2023 VS. 2028 (USD BILLION) 54
FIGURE 10 SECONDARY MACRONUTRIENTS MARKET, BY FORM,
2023 VS. 2028 (USD BILLION) 55
FIGURE 11 SECONDARY MACRONUTRIENTS MARKET SHARE AND GROWTH RATE (VALUE), BY REGION 56
4 PREMIUM INSIGHTS 57
4.1 ATTRACTIVE OPPORTUNITIES FOR SECONDARY MACRONUTRIENT MARKET PLAYERS 57
FIGURE 12 ASIA PACIFIC TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD 57
4.2 EUROPE: SECONDARY MACRONUTRIENTS MARKET, BY KEY CROP TYPE AND COUNTRY 58
FIGURE 13 RUSSIA AND CEREALS & GRAINS ACCOUNTED FOR LARGEST SHARES IN 2022 58
4.3 SECONDARY MACRONUTRIENTS MARKET, BY NUTRIENT, 2023 VS. 2028 58
FIGURE 14 CALCIUM TO DOMINATE MARKET DURING FORECAST PERIOD 58
4.4 SECONDARY MACRONUTRIENTS MARKET, BY CROP TYPE, 2023 VS. 2028 59
FIGURE 15 CEREALS & GRAINS TO DOMINATE MARKET DURING FORECAST PERIOD 59
4.5 SECONDARY MACRONUTRIENTS MARKET, BY MODE OF APPLICATION, 2023 VS. 2028 59
FIGURE 16 LIQUID APPLICATION TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD 59
4.6 SECONDARY MACRONUTRIENTS MARKET, BY FORM, 2023 VS. 2028 60
FIGURE 17 DRY FORM TO DOMINATE MARKET DURING FORECAST PERIOD 60
4.7 SECONDARY MACRONUTRIENTS MARKET, BY NUTRIENT AND REGION, 2023 AND 2028 61
FIGURE 18 ASIA PACIFIC AND CALCIUM TO DOMINATE DURING FORECAST PERIOD 61
5 MARKET OVERVIEW 62
5.1 INTRODUCTION 62
5.2 MACROECONOMIC INDICATORS INFLUENCING SECONDARY MACRONUTRIENTS MARKET 62
5.2.1 POPULATION GROWTH AND DEMAND FOR DIVERSE FOOD PRODUCTS 62
FIGURE 19 POPULATION GROWTH TREND, 1950–2050 (MILLION) 63
5.2.2 ARABLE LAND CONSTRAINTS 63
5.3 MARKET DYNAMICS 64
FIGURE 20 MARKET DYNAMICS: SECONDARY MACRONUTRIENTS MARKET 64
5.3.1 DRIVERS 64
5.3.1.1 Need to increase crop production 64
FIGURE 21 US: CEREAL PRODUCTION, 2017–2021 (MILLION METRIC TONS) 65
5.3.1.2 Increased demand for high-value crops like fruits & vegetables 65
FIGURE 22 WORLD FRUIT PRODUCTION, BY COUNTRY, 2017–2020 (HECTARES) 66
5.3.1.3 Soil degradation and deficiencies due to absence of secondary nutrients 66
5.3.1.4 Advancements in agricultural research and technology 67
5.3.1.5 Crop quality and market demand 68
5.3.2 RESTRAINTS 68
5.3.2.1 Price volatility and fluctuations in global market 68
5.3.2.2 Rising instances of counterfeit goods 69
5.3.3 OPPORTUNITIES 69
5.3.3.1 Precision agriculture for nutrient control on site-by-site basis 69
5.3.3.2 Rising investments in agricultural enterprises from emerging economies 70
5.3.3.3 Integrated nutrient management (INM) 70
5.3.4 CHALLENGES 71
5.3.4.1 Utilization of agricultural biologicals in farming 71
5.3.4.2 Lack of regulatory standards 71
6 INDUSTRY TRENDS 72
6.1 INTRODUCTION 72
6.2 VALUE CHAIN ANALYSIS 72
6.2.1 RESEARCH AND PRODUCT DEVELOPMENT 72
6.2.2 SOURCING 72
6.2.3 MANUFACTURING 73
6.2.4 SALES & DISTRIBUTION 73
6.2.5 END CONSUMERS 73
FIGURE 23 VALUE CHAIN ANALYSIS OF SECONDARY MACRONUTRIENTS MARKET 73
6.3 SUPPLY CHAIN ANALYSIS 74
6.3.1 PROMINENT COMPANIES 74
6.3.2 SMALL AND MEDIUM ENTERPRISES (SMES) 74
6.3.3 END USERS 74
6.3.4 KEY INFLUENCERS 74
FIGURE 24 SECONDARY MACRONUTRIENTS MARKET: SUPPLY CHAIN 75
6.4 TECHNOLOGY ANALYSIS 75
6.4.1 NANOFERTILIZERS 75
6.4.2 PRECISION FERTILIZATION OF SECONDARY MACRONUTRIENTS 76
6.5 PRICE TREND ANALYSIS 76
6.5.1 AVERAGE SELLING PRICE, BY NUTRIENT 76
FIGURE 25 GLOBAL AVERAGE SELLING PRICE, BY NUTRIENT 77
TABLE 3 SECONDARY MACRONUTRIENTS: AVERAGE SELLING PRICE (ASP),
BY REGION, 2020–2022 (USD/TON) 77
TABLE 4 SECONDARY MACRONUTRIENTS: AVERAGE SELLING PRICE (ASP),
BY NUTRIENT, 2020–2022 (USD/TON) 77
TABLE 5 AVERAGE SELLING PRICE OF KEY MARKET PLAYERS, BY NUTRIENT, 2022 (USD/TON) 78
6.6 MARKET MAPPING AND ECOSYSTEM ANALYSIS 78
6.6.1 SUPPLY-SIDE ANALYSIS 78
6.6.2 DEMAND-SIDE ANALYSIS 78
FIGURE 26 SECONDARY MACRONUTRIENTS MARKET MAPPING 79
TABLE 6 SECONDARY MACRONUTRIENTS MARKET: SUPPLY CHAIN ECOSYSTEM 79
6.7 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 80
FIGURE 27 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 80
6.8 TRADE ANALYSIS 81
TABLE 7 EXPORT VALUE OF MINERAL OR CHEMICAL NITROGENOUS FERTILIZERS, BY KEY COUNTRY, 2021 81
TABLE 8 IMPORT VALUE OF MINERAL OR CHEMICAL NITROGENOUS FERTILIZERS, BY KEY COUNTRY, 2021 81
TABLE 9 EXPORT VALUE OF MINERAL OR CHEMICAL NITROGENOUS FERTILIZERS, BY KEY COUNTRY, 2020 82
TABLE 10 IMPORT VALUE OF MINERAL OR CHEMICAL NITROGENOUS FERTILIZERS, BY KEY COUNTRY, 2020 82
TABLE 11 EXPORT VALUE OF MINERAL OR CHEMICAL PHOSPHATIC FERTILIZERS, BY KEY COUNTRY, 2021 83
TABLE 12 IMPORT VALUE OF MINERAL OR CHEMICAL PHOSPHATIC FERTILIZERS, BY KEY COUNTRY, 2021 83
TABLE 13 EXPORT VALUE OF MINERAL OR CHEMICAL PHOSPHATIC FERTILIZERS, BY KEY COUNTRY, 2020 84
TABLE 14 IMPORT VALUE OF MINERAL OR CHEMICAL PHOSPHATIC FERTILIZERS, BY KEY COUNTRY, 2020 84
TABLE 15 EXPORT VALUE OF MINERAL OR CHEMICAL POTASSIC FERTILIZERS, BY KEY COUNTRY, 2021 85
TABLE 16 IMPORT VALUE OF MINERAL OR CHEMICAL POTASSIC FERTILIZERS, BY KEY COUNTRY, 2021 85
TABLE 17 EXPORT VALUE OF MINERAL OR CHEMICAL POTASSIC FERTILIZERS, BY KEY COUNTRY, 2020 86
TABLE 18 IMPORT VALUE OF MINERAL OR CHEMICAL POTASSIC FERTILIZERS, BY KEY COUNTRY, 2020 86
TABLE 19 EXPORT VALUE OF MINERAL OR CHEMICAL FERTILIZERS, BY KEY COUNTRY, 2021 87
TABLE 20 IMPORT VALUE OF MINERAL OR CHEMICAL FERTILIZERS, BY KEY COUNTRY, 2021 87
TABLE 21 EXPORT VALUE OF MINERAL OR CHEMICAL FERTILIZERS, BY KEY COUNTRY, 2020 88
TABLE 22 IMPORT VALUE OF MINERAL OR CHEMICAL FERTILIZERS, BY KEY COUNTRY, 2020 88
6.9 PATENT ANALYSIS 89
FIGURE 28 PATENTS GRANTED FOR SECONDARY MACRONUTRIENTS MARKET, 2013–2022 89
FIGURE 29 REGIONAL ANALYSIS OF PATENTS GRANTED FOR SECONDARY MACRONUTRIENTS, 2013–2022 90
TABLE 23 PATENTS PERTAINING TO SECONDARY MACRONUTRIENTS, 2013–2022 90
6.10 PORTER’S FIVE FORCES ANALYSIS 91
TABLE 24 SECONDARY MACRONUTRIENTS MARKET: PORTER’S FIVE FORCES ANALYSIS 91
6.10.1 INTENSITY OF COMPETITIVE RIVALRY 91
6.10.2 BARGAINING POWER OF SUPPLIERS 92
6.10.3 BARGAINING POWER OF BUYERS 92
6.10.4 THREAT OF SUBSTITUTES 92
6.10.5 THREAT OF NEW ENTRANTS 93
6.11 CASE STUDIES 93
TABLE 25 NUTRIEN LTD. LAUNCHED MAP+MST HOMOGENOUS FERTILIZER 93
TABLE 26 INTRODUCTION OF CRF COATING BY ISRAEL CHEMICALS LIMITED 94
6.12 KEY CONFERENCES AND EVENTS, 2023–2024 94
TABLE 27 KEY CONFERENCES AND EVENTS IN SECONDARY MACRONUTRIENTS MARKET, 2023–2024 94
6.13 TARIFF AND REGULATORY LANDSCAPE 96
TABLE 28 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 96
TABLE 29 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 97
TABLE 30 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 97
TABLE 31 SOUTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 98
6.14 REGULATORY FRAMEWORK 98
6.14.1 NORTH AMERICA 98
6.14.1.1 US 98
6.14.1.2 Canada 98
6.14.2 EUROPE 99
6.14.2.1 Germany 99
6.14.2.2 Italy 100
6.14.3 ASIA PACIFIC 100
6.14.3.1 China 100
6.14.3.2 Australia 101
6.14.3.3 India 101
6.14.4 SOUTH AMERICA 102
6.14.4.1 Brazil 102
6.15 KEY STAKEHOLDERS AND BUYING CRITERIA 102
6.15.1 KEY STAKEHOLDERS IN BUYING PROCESS 102
FIGURE 30 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR KEY TYPES 102
TABLE 32 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE TYPES 103
6.15.2 BUYING CRITERIA 103
TABLE 33 KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS 103
FIGURE 31 KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS 103
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7 SECONDARY MACRONUTRIENTS MARKET, BY NUTRIENT 104
7.1 INTRODUCTION 105
FIGURE 32 CALCIUM TO DOMINATE MARKET THROUGHOUT FORECAST PERIOD 106
TABLE 34 SECONDARY MACRONUTRIENTS MARKET, BY NUTRIENT, 2018–2022 (USD BILLION) 106
TABLE 35 SECONDARY MACRONUTRIENTS MARKET, BY NUTRIENT, 2023–2028 (USD BILLION) 106
TABLE 36 SECONDARY MACRONUTRIENTS MARKET, BY NUTRIENT, 2018–2022 (KT) 107
TABLE 37 SECONDARY MACRONUTRIENTS MARKET, BY NUTRIENT, 2023–2028 (KT) 107
7.2 CALCIUM 107
7.2.1 INCREASED USAGE OF CALCIUM ON WIDE RANGE OF CROPS TO FUEL GROWTH 107
TABLE 38 CALCIUM: SECONDARY MACRONUTRIENTS MARKET, BY REGION, 2018–2022 (USD BILLION) 108
TABLE 39 CALCIUM: SECONDARY MACRONUTRIENTS MARKET, BY REGION, 2023–2028 (USD BILLION) 108
TABLE 40 CALCIUM: SECONDARY MACRONUTRIENTS MARKET, BY REGION, 2018–2022 (KT) 108
TABLE 41 CALCIUM: SECONDARY MACRONUTRIENTS MARKET, BY REGION, 2023–2028 (KT) 109
7.3 SULFUR 109
7.3.1 SULFUR’S IMPACT ON CROP YIELD AND QUALITY TO DRIVE GROWTH 109
TABLE 42 SULFUR: SECONDARY MACRONUTRIENTS MARKET, BY REGION, 2018–2022 (USD BILLION) 110
TABLE 43 SULFUR: SECONDARY MACRONUTRIENTS MARKET, BY REGION, 2023–2028 (USD BILLION) 110
TABLE 44 SULFUR: SECONDARY MACRONUTRIENTS MARKET, BY REGION, 2018–2022 (KT) 110
TABLE 45 SULFUR: SECONDARY MACRONUTRIENTS MARKET, BY REGION, 2023–2028 (KT) 111
7.4 MAGNESIUM 111
7.4.1 MAGNESIUM’S ROLE IN PLANT RESILIENCE TO ENVIRONMENTAL STRESSES TO CONTRIBUTE TO GROWTH 111
TABLE 46 MAGNESIUM: SECONDARY MACRONUTRIENTS MARKET, BY REGION, 2018–2022 (USD BILLION) 112
TABLE 47 MAGNESIUM: SECONDARY MACRONUTRIENTS MARKET, BY REGION, 2023–2028 (USD BILLION) 112
TABLE 48 MAGNESIUM: SECONDARY MACRONUTRIENTS MARKET, BY REGION, 2018–2022 (KT) 112
TABLE 49 MAGNESIUM: SECONDARY MACRONUTRIENTS MARKET, BY REGION, 2023–2028 (KT) 113
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8 SECONDARY MACRONUTRIENTS MARKET, BY FORM 114
8.1 INTRODUCTION 115
FIGURE 33 DRY FORM TO DOMINATE MARKET THROUGHOUT FORECAST PERIOD 115
TABLE 50 SECONDARY MACRONUTRIENTS MARKET, BY FORM, 2018–2022 (USD BILLION) 116
TABLE 51 SECONDARY MACRONUTRIENTS MARKET, BY FORM, 2023–2028 (USD BILLION) 116
8.2 DRY FORM 116
8.2.1 EASE OF STORAGE AND LONGER SHELF LIFE TO BOOST GROWTH 116
TABLE 52 DRY FORM: SECONDARY MACRONUTRIENTS MARKET, BY REGION, 2018–2022 (USD BILLION) 117
TABLE 53 DRY FORM: SECONDARY MACRONUTRIENTS MARKET, BY REGION, 2023–2028 (USD BILLION) 117
8.3 LIQUID FORM 117
8.3.1 QUICK NUTRIENT SUPPLY TO CROPS TO DRIVE MARKET GROWTH 117
TABLE 54 LIQUID FORM: SECONDARY MACRONUTRIENTS MARKET, BY REGION, 2018–2022 (USD BILLION) 118
TABLE 55 LIQUID FORM: SECONDARY MACRONUTRIENTS MARKET, BY REGION, 2023–2028 (USD BILLION) 118
9 SECONDARY MACRONUTRIENTS MARKET, BY MODE OF APPLICATION 119
9.1 INTRODUCTION 120
FIGURE 34 LIQUID APPLICATION PROJECTED TO DOMINATE MARKET THROUGHOUT FORECAST PERIOD 120
TABLE 56 SECONDARY MACRONUTRIENTS MARKET, BY MODE OF APPLICATION, 2018–2022 (USD BILLION) 120
TABLE 57 SECONDARY MACRONUTRIENTS MARKET, BY MODE OF APPLICATION, 2023–2028 (USD BILLION) 121
9.2 LIQUID APPLICATION 121
TABLE 58 LIQUID APPLICATION: SECONDARY MACRONUTRIENTS MARKET, BY REGION, 2018–2022 (USD BILLION) 121
TABLE 59 LIQUID APPLICATION: SECONDARY MACRONUTRIENTS MARKET, BY REGION, 2023–2028 (USD BILLION) 121
TABLE 60 LIQUID APPLICATION: SECONDARY MACRONUTRIENTS MARKET, BY SUBTYPE, 2018–2022 (USD BILLION) 122
TABLE 61 LIQUID APPLICATION: SECONDARY MACRONUTRIENTS MARKET, BY SUBTYPE, 2023–2028 (USD BILLION) 122
9.2.1 FERTIGATION 122
9.2.1.1 Improved efficiency and customizable nutrient application to lead to increased crop yield and quality 122
9.2.2 FOLIAR 123
9.2.2.1 Targeted nutrient delivery with foliar method to lead to improved plant health 123
TABLE 62 FOLIAR: SECONDARY MACRONUTRIENTS MARKET, BY NUTRIENT, 2018–2022 (USD BILLION) 123
TABLE 63 FOLIAR: SECONDARY MACRONUTRIENTS MARKET, BY NUTRIENT, 2023–2028 (USD BILLION) 123
9.2.3 OTHER LIQUID MODES OF APPLICATION 124
9.2.3.1 Targeting of nutrients and reduced risk of nutrient loss to drive growth 124
9.3 SOLID APPLICATION 124
TABLE 64 SOLID APPLICATION: SECONDARY MACRONUTRIENTS MARKET, BY REGION, 2018–2022 (USD BILLION) 124
TABLE 65 SOLID APPLICATION: SECONDARY MACRONUTRIENTS MARKET, BY REGION, 2023–2028 (USD BILLION) 125
TABLE 66 SOLID APPLICATION: SECONDARY MACRONUTRIENTS MARKET, BY SUBTYPE, 2018–2022 (USD BILLION) 125
TABLE 67 SOLID APPLICATION: SECONDARY MACRONUTRIENTS MARKET, BY SUBTYPE, 2023–2028 (USD BILLION) 125
9.3.1 BROADCASTING 125
9.3.1.1 Easy adoption and ability to provide nutrients in wide areas to drive growth 125
9.3.2 DEEP TILLAGE 126
9.3.2.1 Deep tillage to Improve fertility and texture of soil 126
9.3.3 LOCALIZED PLACEMENT 126
9.3.3.1 Localized placement to provide nutrients to crops in optimum amount 126
10 SECONDARY MACRONUTRIENTS MARKET, BY CROP TYPE 127
10.1 INTRODUCTION 128
FIGURE 35 CEREALS & GRAINS PROJECTED TO DOMINATE MARKET THROUGHOUT FORECAST PERIOD 129
TABLE 68 SECONDARY MACRONUTRIENTS MARKET, BY CROP TYPE, 2018–2022 (USD BILLION) 129
TABLE 69 SECONDARY MACRONUTRIENTS MARKET, BY CROP TYPE, 2023–2028 (USD BILLION) 129
10.2 CEREALS & GRAINS 130
TABLE 70 CEREALS & GRAINS: SECONDARY MACRONUTRIENTS MARKET, BY REGION, 2018–2022 (USD BILLION) 130
TABLE 71 CEREALS & GRAINS: SECONDARY MACRONUTRIENTS MARKET, BY REGION, 2023–2028 (USD BILLION) 130
TABLE 72 CEREALS & GRAINS: SECONDARY MACRONUTRIENTS MARKET, BY SUBTYPE, 2018–2022 (USD BILLION) 131
TABLE 73 CEREALS & GRAINS: SECONDARY MACRONUTRIENTS MARKET, BY SUBTYPE, 2023–2028 (USD BILLION) 131
10.2.1 CORN 131
10.2.1.1 Abundance of secondary macronutrients to drive production of corn 131
10.2.2 WHEAT 132
10.2.2.1 Reputation of wheat as major staple food to drive demand for secondary macronutrients 132
10.2.3 RICE 132
10.2.3.1 Versatility of rice to drive usage of secondary macronutrients 132
10.2.4 OTHER CEREALS & GRAINS 133
10.2.4.1 Industrial uses of sorghum, barley, and oats to fuel demand for secondary macronutrients 133
10.3 OILSEEDS & PULSES 133
TABLE 74 OILSEEDS & PULSES: SECONDARY MACRONUTRIENTS MARKET, BY REGION, 2018–2022 (USD BILLION) 133
TABLE 75 OILSEEDS & PULSES: SECONDARY MACRONUTRIENTS MARKET, BY REGION, 2023–2028 (USD BILLION) 134
TABLE 76 OILSEEDS & PULSES: SECONDARY MACRONUTRIENTS MARKET, BY SUBTYPE, 2018–2022 (USD BILLION) 134
TABLE 77 OILSEEDS & PULSES: SECONDARY MACRONUTRIENTS MARKET, BY SUBTYPE, 2023–2028 (USD BILLION) 134
10.3.1 SOYBEAN 135
10.3.1.1 Increased demand for soybean due to nutritional properties to drive growth of secondary macronutrients 135
10.3.2 SUNFLOWER 135
10.3.2.1 Economic importance and ornamental value of sunflower to drive demand for secondary macronutrients 135
10.3.3 OTHER OILSEEDS & PULSES 136
10.3.3.1 High nutritional value and drought resistance of these subtypes to contribute to market growth 136
10.4 FRUITS & VEGETABLES 136
TABLE 78 FRUITS & VEGETABLES: SECONDARY MACRONUTRIENTS MARKET, BY REGION, 2018–2022 (USD BILLION) 137
TABLE 79 FRUITS & VEGETABLES: SECONDARY MACRONUTRIENTS MARKET, BY REGION, 2023–2028 (USD BILLION) 137
TABLE 80 FRUITS & VEGETABLES: SECONDARY MACRONUTRIENTS MARKET, BY SUBTYPE, 2018–2022 (USD BILLION) 137
TABLE 81 FRUITS & VEGETABLES: SECONDARY MACRONUTRIENTS MARKET, BY SUBTYPE, 2023–2028 (USD BILLION) 138
10.4.1 ROOT & TUBER VEGETABLES 138
10.4.1.1 Secondary macronutrients to add value to root & tuber crops 138
10.4.2 LEAFY VEGETABLES 139
10.4.2.1 Versatility of leafy vegetables in culinary applications to drive demand for secondary macronutrients 139
10.4.3 POME FRUITS 139
10.4.3.1 Convenience of pome fruits due to shelf life to fuel growth of secondary macronutrients 139
10.4.4 BERRIES 140
10.4.4.1 Increased yield and profitability in berry cultivation to drive market growth 140
10.4.5 CITRUS FRUITS 140
10.4.5.1 Meeting export demand with high-quality citrus fruits to fuel growth 140
10.4.6 OTHER FRUITS & VEGETABLES 141
10.4.6.1 Suitability for cultivation in diverse climates and soil types to drive growth 141
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10.5 OTHER CROP TYPES 141
10.5.1 ORNAMENTALS, TURF, AND FORAGE CROPS FOR AESTHETICS, LIVESTOCK FEED, AND ENVIRONMENTAL BENEFITS TO DRIVE MARKET 141
TABLE 82 OTHER CROP TYPES: SECONDARY MACRONUTRIENTS MARKET, BY REGION, 2018–2022 (USD BILLION) 142
TABLE 83 OTHER CROP TYPES: SECONDARY MACRONUTRIENTS MARKET, BY REGION, 2023–2028 (USD BILLION) 142
11 SECONDARY MACRONUTRIENTS MARKET, BY REGION 143
11.1 INTRODUCTION 144
FIGURE 36 BRAZIL TO WITNESS HIGHEST GROWTH RATE AMONG COUNTRY-LEVEL MARKETS 144
TABLE 84 SECONDARY MACRONUTRIENTS MARKET, BY REGION, 2018–2022 (USD BILLION) 145
TABLE 85 SECONDARY MACRONUTRIENTS MARKET, BY REGION, 2023–2028 (USD BILLION) 145
TABLE 86 SECONDARY MACRONUTRIENTS MARKET, BY REGION, 2018–2022 (KT) 145
TABLE 87 SECONDARY MACRONUTRIENTS MARKET, BY REGION, 2023–2028 (KT) 146
11.2 NORTH AMERICA 146
11.2.1 RECESSION IMPACT ANALYSIS 147
FIGURE 37 NORTH AMERICA: RECESSION IMPACT ANALYSIS SNAPSHOT 148
TABLE 88 NORTH AMERICA: SECONDARY MACRONUTRIENTS MARKET, BY COUNTRY, 2018–2022 (USD BILLION) 148
TABLE 89 NORTH AMERICA: SECONDARY MACRONUTRIENTS MARKET, BY COUNTRY, 2023–2028 (USD BILLION) 149
TABLE 90 NORTH AMERICA: SECONDARY MACRONUTRIENTS MARKET, BY NUTRIENT, 2018–2022 (USD BILLION) 149
TABLE 91 NORTH AMERICA: SECONDARY MACRONUTRIENTS MARKET, BY NUTRIENT, 2023–2028 (USD BILLION) 149
TABLE 92 NORTH AMERICA: SECONDARY MACRONUTRIENTS MARKET, BY NUTRIENT, 2018–2022 (KT) 149
TABLE 93 NORTH AMERICA: SECONDARY MACRONUTRIENTS MARKET, BY NUTRIENT, 2023–2028 (KT) 150
TABLE 94 NORTH AMERICA: SECONDARY MACRONUTRIENTS MARKET, BY MODE OF APPLICATION, 2018–2022 (USD BILLION) 150
TABLE 95 NORTH AMERICA: SECONDARY MACRONUTRIENTS MARKET, BY MODE OF APPLICATION, 2023–2028 (USD BILLION) 150
TABLE 96 NORTH AMERICA: SECONDARY MACRONUTRIENTS MARKET, BY FORM, 2018–2022 (USD BILLION) 150
TABLE 97 NORTH AMERICA: SECONDARY MACRONUTRIENTS MARKET, BY FORM, 2023–2028 (USD BILLION) 151
TABLE 98 NORTH AMERICA: SECONDARY MACRONUTRIENTS MARKET, BY CROP TYPE, 2018–2022 (USD BILLION) 151
TABLE 99 NORTH AMERICA: SECONDARY MACRONUTRIENTS MARKET, BY CROP TYPE, 2023–2028 (USD BILLION) 151
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11.2.2 US 152
11.2.2.1 Increasing consumer demand for food to lead to higher usage of secondary macronutrients in US agriculture 152
TABLE 100 US: SECONDARY MACRONUTRIENTS MARKET, BY MODE OF APPLICATION, 2018–2022 (USD BILLION) 152
TABLE 101 US: SECONDARY MACRONUTRIENTS MARKET, BY MODE OF APPLICATION, 2023–2028 (USD BILLION) 152
11.2.3 CANADA 153
11.2.3.1 Strong trading relationships and increasing crop exports to present opportunities in Canada 153
TABLE 102 CANADA: SECONDARY MACRONUTRIENTS MARKET, BY MODE OF APPLICATION, 2018–2022 (USD BILLION) 153
TABLE 103 CANADA: SECONDARY MACRONUTRIENTS MARKET, BY MODE OF APPLICATION, 2023–2028 (USD BILLION) 153
11.2.4 MEXICO 154
11.2.4.1 Rising cultivation of major crops in Mexico to drive market for secondary macronutrients 154
TABLE 104 MEXICO: SECONDARY MACRONUTRIENTS MARKET, BY MODE OF APPLICATION, 2018–2022 (USD BILLION) 154
TABLE 105 MEXICO: SECONDARY MACRONUTRIENTS MARKET, BY MODE OF APPLICATION, 2023–2028 (USD BILLION) 154
11.3 ASIA PACIFIC 155
FIGURE 38 APAC: SECONDARY MACRONUTRIENTS MARKET SNAPSHOT 156
11.3.1 RECESSION IMPACT ANALYSIS 156
FIGURE 39 APAC: RECESSION IMPACT ANALYSIS SNAPSHOT 158
TABLE 106 APAC: SECONDARY MACRONUTRIENTS MARKET, BY COUNTRY, 2018–2022 (USD BILLION) 158
TABLE 107 APAC: SECONDARY MACRONUTRIENTS MARKET, BY COUNTRY, 2023–2028 (USD BILLION) 159
TABLE 108 APAC: SECONDARY MACRONUTRIENTS MARKET, BY NUTRIENT, 2018–2022 (USD BILLION) 159
TABLE 109 APAC: SECONDARY MACRONUTRIENTS MARKET, BY NUTRIENT, 2023–2028 (USD BILLION) 159
TABLE 110 APAC: SECONDARY MACRONUTRIENTS MARKET, BY NUTRIENT, 2018–2022 (KT) 160
TABLE 111 APAC: SECONDARY MACRONUTRIENTS MARKET, BY NUTRIENT, 2023–2028 (KT) 160
TABLE 112 APAC: SECONDARY MACRONUTRIENTS MARKET, BY MODE OF APPLICATION, 2018–2022 (USD BILLION) 160
TABLE 113 APAC: SECONDARY MACRONUTRIENTS MARKET, BY MODE OF APPLICATION, 2023–2028 (USD BILLION) 160
TABLE 114 APAC: SECONDARY MACRONUTRIENTS MARKET, BY FORM, 2018–2022 (USD BILLION) 161
TABLE 115 APAC: SECONDARY MACRONUTRIENTS MARKET, BY FORM, 2023–2028 (USD BILLION) 161
TABLE 116 APAC: SECONDARY MACRONUTRIENTS MARKET, BY CROP TYPE, 2018–2022 (USD BILLION) 161
TABLE 117 APAC: SECONDARY MACRONUTRIENTS MARKET, BY CROP TYPE, 2023–2028 (USD BILLION) 161
11.3.2 INDIA 162
11.3.2.1 Changing cropping pattern and stress to drive market growth 162
TABLE 118 INDIA: SECONDARY MACRONUTRIENTS MARKET, BY MODE OF APPLICATION, 2018–2022 (USD BILLION) 162
TABLE 119 INDIA: SECONDARY MACRONUTRIENTS MARKET, BY MODE OF APPLICATION, 2023–2028 (USD BILLION) 163
11.3.3 JAPAN 163
11.3.3.1 Increased efficiency and effectiveness of fertilizers containing secondary macronutrients to drive growth 163
TABLE 120 JAPAN: SECONDARY MACRONUTRIENTS MARKET, BY MODE OF APPLICATION, 2018–2022 (USD BILLION) 163
TABLE 121 JAPAN: SECONDARY MACRONUTRIENTS MARKET, BY MODE OF APPLICATION, 2023–2028 (USD BILLION) 164
11.3.4 CHINA 164
11.3.4.1 Population growth and income increase to drive demand for nutrient-rich foods 164
TABLE 122 CHINA: SECONDARY MACRONUTRIENTS MARKET, BY MODE OF APPLICATION, 2018–2022 (USD BILLION) 164
TABLE 123 CHINA: SECONDARY MACRONUTRIENTS MARKET, BY MODE OF APPLICATION, 2023–2028 (USD BILLION) 165
11.3.5 AUSTRALIA & NEW ZEALAND 165
11.3.5.1 Improved crop quality and export opportunities to fuel market for secondary macronutrients 165
TABLE 124 AUSTRALIA & NEW ZEALAND: SECONDARY MACRONUTRIENTS MARKET, BY MODE OF APPLICATION, 2018–2022 (USD BILLION) 166
TABLE 125 AUSTRALIA & NEW ZEALAND: SECONDARY MACRONUTRIENTS MARKET, BY MODE OF APPLICATION, 2023–2028 (USD BILLION) 166
11.3.6 REST OF ASIA PACIFIC 166
11.3.6.1 Rising demand for premium food to drive market for secondary macronutrients 166
TABLE 126 REST OF ASIA PACIFIC: SECONDARY MACRONUTRIENTS MARKET, BY MODE OF APPLICATION, 2018–2022 (USD BILLION) 167
TABLE 127 REST OF ASIA PACIFIC: SECONDARY MACRONUTRIENTS MARKET, BY MODE OF APPLICATION, 2023–2028 (USD BILLION) 167
11.4 EUROPE 167
11.4.1 RECESSION IMPACT ANALYSIS 168
FIGURE 40 EUROPE: SECONDARY MACRONUTRIENTS MARKET RECESSION IMPACT ANALYSIS SNAPSHOT 169
TABLE 128 EUROPE: SECONDARY MACRONUTRIENTS MARKET, BY COUNTRY, 2018–2022 (USD BILLION) 169
TABLE 129 EUROPE: SECONDARY MACRONUTRIENTS MARKET, BY COUNTRY, 2023–2028 (USD BILLION) 170
TABLE 130 EUROPE: SECONDARY MACRONUTRIENTS MARKET, BY NUTRIENT, 2018–2022 (USD BILLION) 170
TABLE 131 EUROPE: SECONDARY MACRONUTRIENTS MARKET, BY NUTRIENT, 2023–2028 (USD BILLION) 170
TABLE 132 EUROPE: SECONDARY MACRONUTRIENTS MARKET, BY NUTRIENT, 2018–2022 (KT) 171
TABLE 133 EUROPE: SECONDARY MACRONUTRIENTS MARKET, BY NUTRIENT, 2023–2028 (KT) 171
TABLE 134 EUROPE: SECONDARY MACRONUTRIENTS MARKET, BY MODE OF APPLICATION, 2018–2022 (USD BILLION) 171
TABLE 135 EUROPE: SECONDARY MACRONUTRIENTS MARKET, BY MODE OF APPLICATION, 2023–2028 (USD BILLION) 171
TABLE 136 EUROPE: SECONDARY MACRONUTRIENTS MARKET, BY FORM, 2018–2022 (USD BILLION) 172
TABLE 137 EUROPE: SECONDARY MACRONUTRIENTS MARKET, BY FORM, 2023–2028 (USD BILLION) 172
TABLE 138 EUROPE: SECONDARY MACRONUTRIENTS MARKET, BY CROP TYPE, 2018–2022 (USD BILLION) 172
TABLE 139 EUROPE: SECONDARY MACRONUTRIENTS MARKET, BY CROP TYPE, 2023–2028 (USD BILLION) 172
11.4.2 GERMANY 173
11.4.2.1 Diverse crop production and rising demand for different commodities to drive demand for secondary macronutrients 173
TABLE 140 GERMANY: SECONDARY MACRONUTRIENTS MARKET, BY MODE OF APPLICATION, 2018–2022 (USD BILLION) 173
TABLE 141 GERMANY: SECONDARY MACRONUTRIENTS MARKET, BY MODE OF APPLICATION, 2023–2028 (USD BILLION) 174
11.4.3 FRANCE 174
11.4.3.1 Greater demand for better agricultural production to propel growth of secondary macronutrients 174
TABLE 142 FRANCE: SECONDARY MACRONUTRIENTS MARKET, BY MODE OF APPLICATION, 2018–2022 (USD BILLION) 174
TABLE 143 FRANCE: SECONDARY MACRONUTRIENTS MARKET, BY MODE OF APPLICATION, 2023–2028 (USD BILLION) 175
11.4.4 ITALY 175
11.4.4.1 Diverse cultivation of crops and different climate conditions to encourage farmers to use secondary macronutrients 175
TABLE 144 ITALY: SECONDARY MACRONUTRIENTS MARKET, BY MODE OF APPLICATION, 2018–2022 (USD BILLION) 176
TABLE 145 ITALY: SECONDARY MACRONUTRIENTS MARKET, BY MODE OF APPLICATION, 2023–2028 (USD BILLION) 176
11.4.5 SPAIN 176
11.4.5.1 Need for fruit production and food security to lead to secondary macronutrient usage 176
TABLE 146 SPAIN: SECONDARY MACRONUTRIENTS MARKET, BY MODE OF APPLICATION, 2018–2022 (USD BILLION) 177
TABLE 147 SPAIN: SECONDARY MACRONUTRIENTS MARKET, BY MODE OF APPLICATION, 2023–2028 (USD BILLION) 177
11.4.6 UK 177
11.4.6.1 Increased production and expansion in acreage for crops to drive demand for secondary macronutrients 177
TABLE 148 UK: SECONDARY MACRONUTRIENTS MARKET, BY MODE OF APPLICATION, 2018–2022 (USD BILLION) 178
TABLE 149 UK: SECONDARY MACRONUTRIENTS MARKET, BY MODE OF APPLICATION, 2023–2028 (USD BILLION) 178
11.4.7 RUSSIA 178
11.4.7.1 Significance of cereals, wheat, and barley production in Russian agriculture to drive market growth 178
TABLE 150 RUSSIA: SECONDARY MACRONUTRIENTS MARKET, BY MODE OF APPLICATION, 2018–2022 (USD BILLION) 179
TABLE 151 RUSSIA: SECONDARY MACRONUTRIENTS MARKET, BY MODE OF APPLICATION, 2023–2028 (USD BILLION) 179
11.4.8 REST OF EUROPE 179
11.4.8.1 Regional specialization in crop production to drive market for secondary macronutrients 179
TABLE 152 REST OF EUROPE: SECONDARY MACRONUTRIENTS MARKET, BY MODE OF APPLICATION, 2018–2022 (USD BILLION) 180
TABLE 153 REST OF EUROPE: SECONDARY MACRONUTRIENTS MARKET, BY MODE OF APPLICATION, 2023–2028 (USD BILLION) 180
11.5 SOUTH AMERICA 180
FIGURE 41 SOUTH AMERICA: SNAPSHOT 181
11.5.1 RECESSION IMPACT ANALYSIS 182
FIGURE 42 SOUTH AMERICA: SECONDARY MACRONUTRIENTS MARKET RECESSION IMPACT ANALYSIS SNAPSHOT 183
TABLE 154 SOUTH AMERICA: SECONDARY MACRONUTRIENTS MARKET, BY COUNTRY, 2018–2022 (USD BILLION) 183
TABLE 155 SOUTH AMERICA: SECONDARY MACRONUTRIENTS MARKET, BY COUNTRY, 2023–2028 (USD BILLION) 184
TABLE 156 SOUTH AMERICA: SECONDARY MACRONUTRIENTS MARKET, BY NUTRIENT, 2018–2022 (USD BILLION) 184
TABL



13 COMPANY PROFILES 212
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
13.1 KEY PLAYERS 212
13.1.1 NUTRIEN LTD. 212
TABLE 199 NUTRIEN LTD.: BUSINESS OVERVIEW 212
FIGURE 47 NUTRIEN LTD.: COMPANY SNAPSHOT 213
TABLE 200 NUTRIEN LTD.: PRODUCT LAUNCHES 214
TABLE 201 NUTRIEN LTD.: DEALS 215
TABLE 202 NUTRIEN LTD.: DEALS 215
13.1.2 YARA 217
TABLE 203 YARA: BUSINESS OVERVIEW 217
FIGURE 48 YARA: COMPANY SNAPSHOT 218
TABLE 204 YARA: DEALS 221
13.1.3 THE MOSAIC COMPANY 222
TABLE 205 THE MOSAIC COMPANY: BUSINESS OVERVIEW 222
FIGURE 49 THE MOSAIC COMPANY: COMPANY SNAPSHOT 223
TABLE 206 THE MOSAIC COMPANY: DEALS 224
13.1.4 ISRAEL CHEMICALS LTD. 225
TABLE 207 ISRAEL CHEMICAL LTD.: BUSINESS OVERVIEW 225
FIGURE 50 ISRAEL CHEMICALS LTD.: COMPANY SNAPSHOT 226
TABLE 208 ISRAEL CHEMICALS LTD.: PRODUCT LAUNCHES 228
TABLE 209 ISRAEL CHEMICALS LTD.: DEALS 228
13.1.5 K+S AKTIENGESELLSCHAFT 230
TABLE 210 K+S AKTIENGESELLSCHAFT: BUSINESS OVERVIEW 230
FIGURE 51 K+S AKTIENGESELLSCHAFT: COMPANY SNAPSHOT 231
TABLE 211 K+S AKTIENGESELLSCHAFT: DEALS 232
13.1.6 NUFARM 234
TABLE 212 NUFARM: BUSINESS OVERVIEW 234
FIGURE 52 NUFARM: COMPANY SNAPSHOT 235
13.1.7 SPIC 237
TABLE 213 SPIC: BUSINESS OVERVIEW 237
FIGURE 53 SPIC: COMPANY SNAPSHOT 237
13.1.8 KOCH INDUSTRIES, INC. 240
TABLE 214 KOCH INDUSTRIES, INC.: BUSINESS OVERVIEW 240
TABLE 215 KOCH INDUSTRIES, INC.: DEALS 240
TABLE 216 KOCH INDUSTRIES, INC.: OTHERS 241
13.1.9 COROMANDEL INTERNATIONAL LTD 242
TABLE 217 COROMANDEL INTERNATIONAL LTD: BUSINESS OVERVIEW 242
FIGURE 54 COROMANDEL INTERNATIONAL LTD: COMPANY SNAPSHOT 242
TABLE 218 COROMANDEL INTERNATIONAL LTD: OTHERS 245
13.1.10 DEEPAK FERTILISERS AND PETROCHEMICALS CORPORATION LTD. 246
TABLE 219 DEEPAK FERTILISERS AND PETROCHEMICALS CORPORATION LTD.: BUSINESS OVERVIEW 246
FIGURE 55 DEEPAK FERTILISERS AND PETROCHEMICALS CORPORATION LTD.: COMPANY SNAPSHOT 247
13.1.11 HAIFA NEGEV TECHNOLOGIES LTD 249
TABLE 220 HAIFA NEGEV TECHNOLOGIES LTD: BUSINESS OVERVIEW 249
TABLE 221 HAIFA NEGEV TECHNOLOGIES LTD: DEALS 251
13.1.12 KUGLER COMPANY 252
TABLE 222 KUGLER COMPANY: BUSINESS OVERVIEW 252
13.1.13 IFFCO 254
TABLE 223 IFFCO: BUSINESS OVERVIEW 254
FIGURE 56 IFFCO: COMPANY SNAPSHOT 254
13.1.14 WESTERN NUTRIENTS CORPORATION 257
TABLE 224 WESTERN NUTRIENT CORPORATION: BUSINESS OVERVIEW 257
13.1.15 ARIES AGRO LIMITED 259
TABLE 225 ARIES AGRO LIMITED: BUSINESS OVERVIEW 259
FIGURE 57 ARIES AGRO LIMITED: COMPANY SNAPSHOT 259
13.2 OTHER PLAYERS 262
13.2.1 BMS MICRO-NUTRIENTS 262
TABLE 226 BMS MICRO-NUTRIENTS: BUSINESS OVERVIEW 262
13.2.2 BAICOR, LLC 263
TABLE 227 BAICOR, LLC: BUSINESS OVERVIEW 263
13.2.3 PLANT FOOD COMPANY, INC. 264
TABLE 228 PLANT FOOD COMPANY, INC.: BUSINESS OVERVIEW 264
13.2.4 AGROLIQUID 266
TABLE 229 AGROLIQUID: BUSINESS OVERVIEW 266
13.2.5 TERRALINK HORTICULTURE INC. 268
TABLE 230 TERRALINK HORTICULTURE INC.: BUSINESS OVERVIEW 268
13.2.6 STOLLER ENTERPRISES 271
13.2.7 NACHURS 271
13.2.8 MORRAL COMPANIES LLC 272
13.2.9 ADITYA MICRODYNAMICS 273
13.2.10 MYTHREYI AGRI INPUTS 274
14 ADJACENT AND RELATED MARKETS 275
14.1 INTRODUCTION 275
TABLE 231 ADJACENT MARKETS 275
14.2 RESEARCH LIMITATIONS 275
14.3 AGROCHEMICALS MARKET 275
14.3.1 MARKET DEFINITION 275
14.3.2 MARKET OVERVIEW 276
TABLE 232 AGROCHEMICALS MARKET, BY CROP TYPE, 2023–2028 (USD MILLION) 276
14.4 AGRICULTURAL BIOLOGICALS MARKET 277
14.4.1 MARKET DEFINITION 277
14.4.2 MARKET OVERVIEW 277
TABLE 233 AGRICULTURAL BIOLOGICALS MARKET, BY FUNCTION,
2022–2027 (USD MILLION) 277
15 APPENDIX 278
15.1 DISCUSSION GUIDE 278
15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 284
15.3 CUSTOMIZATION OPTIONS 286
15.4 RELATED REPORTS 286
15.5 AUTHOR DETAILS 287