Market Size of global secondary macronutrients fertilizer Industry
| Icons | Lable | Value |
|---|---|---|
|
Study Period | 2016 - 2030 |
|
Market Size (2024) | USD 36.45 Billion |
|
|
Market Size (2030) | USD 49.76 Billion |
|
Largest Share by Product | Sulfur |
|
|
CAGR (2024 - 2030) | 5.32 % |
|
Largest Share by Region | Asia-Pacific |
Major Players |
||
|
||
|
*Disclaimer: Major Players sorted in no particular order |
Secondary Macronutrients Fertilizer Market Analysis
The Global Secondary Macronutrients Fertilizer Market size is estimated at USD 36.45 billion in 2024, and is expected to reach USD 49.76 billion by 2030, growing at a CAGR of 5.32% during the forecast period (2024-2030).
- Fastest growing segment by Type - Sulfur : Depleting soil health, imbalances in the soil pH, and intensive cultivating methods of crops from allium and cruciferous groups limit the availability of sulfur in the soil.
- Largest Segment by Crop Type - Field Crops : Field crops are widely cultivated worldwide and are a staple food in many parts of the world. They account for a maximum share by area in most agricultural countries.
- Largest Segment by Application Mode - Soil : Soil application is a convenient way of applying fertilizers without any equipment. This method of application helps in improving both plant health and soil fertility.
- Largest segment by Country - India : Indian soils are deficient in S by 41%, and Ca and Mg deficiencies are also becoming prominent. The application of these fertilizers is increasing to maximize productivity.
