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Secondary Macronutrients Market by Nutrient, Form, Application Method, Crop Type And Region - Global Forecast to 2022

Secondary Macronutrients Market: Global Forecast until 2022

  • March 2018
  • 188 pages
  • ID: 5353727
In this report:
According to the World Bank, the total global wheat trade is projected to increase from ##.## million metric tons in 2015 to ##.## million metric tons by 2025 by ##.##%.
According to Eurostat, in 2015, almost ##% of the land in Spain was considered suitable for agriculture.
In 2016, the countries in the European Union produced ##.## million tons, representing ##% of the global production.

Summary

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The secondary macronutrients market is estimated to rise at a compound annual growth rate of ~3.8 percent.

The secondary macronutrients market is estimated to grow ~$37.1B by 2022 from ~$30.9B in 2017, at a compound annual growth rate (CAGR) of ~3.8 percent. The sector is influenced by the growing deficiency of secondary macronutrients in the soil and the rise in demand for high-value crops including fruits & vegetables.

Rise in the prevalence of counterfeit products is one of the main restraints in the rise of the secondary macronutrients market.

Liquid application segment is estimated to boost the increase of secondary macronutrients through 2022.

Established on application method, the liquid application segment is expected to grow at a higher rate during the outlook period. This is attributed to the large-scale use of the fertigation method for ensuring the application of the correct amounts of macronutrients homogeneously to the wetted root volume zone where most of the active roots are concentrated. Also, fertigation, a sub-category of the liquid application, is increasingly gaining importance due to its reliability and efficacy.

The calcium segment is planned to be the largest industry in 2017.

The calcium segment is expected to account for the biggest share in the secondary macronutrients market in 2017. Globally, calcium is required in important amounts for crops including fruits & vegetables; it also helps in the formation of cell walls and cell membranes. Additionally, the deficiency of calcium affects the shelf life and texture of fruits & vegetables.

APAC is intended to be the biggest market in 2017.

Asia-Pac is forecasted to be the biggest secondary macronutrients market in 2017. The rising population of this area creates an exponential demand for food. The slow progress in agriculture industrialization and better farm management practices has led to the increase in the consumption of secondary macronutrients in this area.

The breakdown of the primaries on the basis of company type, description, and area, conducted during the business research study, is like:

• By Company category: Tier 1 - 45.0 percent, Tier 2 - 30.0 percent, and Tier 3 - 25.0 percent

• By Description: C-suite - 15.0 percent, Directors - 30.0 percent, and Others* - 55.0 percent

• By Area: Americas - 20.0 percent, Europe (EU) - 20.0 percent, Asia Pacific (APAC) - 45.0 percent, and rest of the world - 15.0 percent

*Others contain sales managers, marketing managers, and product managers.

Note: Tier 1: Revenue > $1.0B; Tier 2: Revenue USD 500 million-< $1.0B; Tier 3: Revenue < $500.0M

The overall market for secondary macronutrients is leaded by, is monopolized by big players including Nutrien, Yara International, The Mosaic Company, Israel Chemicals Ltd., and K+S. Some of the emerging actors in the secondary macronutrients market contain Nufarm, Koch Sectors, Coromandel International, Deepak Fertilisers and Petrochemicals, Haifa Chemicals, Sapec Agro Business, and Kugler Company.

Segment Research

The industry report examines the secondary macronutrients market across various class and localities. It aims at evaluating the market value, in terms of value importance and quantity, and upcoming growth potential of this market across distinct segments-nutrient, formulation, application method, crop type, and area. Moreover, the study also comprises detailed competitive review of the main actors in the industry together with their company descriptions, recent evolutions, and key industries strategies.

Main highlights

The analysis will facilitate the market top players/new sector entrants in this sector by providing them the closest approximations of the revenue numbers for the global secondary macronutrients market and the sub-segments.

This industry report will facilitate partners to apprehend the competitor overview better, gain additional insights to better option their businesses, and make suitable go-to-market approaches. The market research will also assist the partners to comprehend the sector and offer them information on main market drivers, market restraints, opportunities, and alternatives.

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