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Global Secondary Agricultural Nutrients Market Comprehensive Study: Forecasted Market Size And Growth Rate | Nutrien Ltd, Deepak Fertilizers and Petrochemicals Corporation Limited, Yara International ASA
Secondary Agricultural Nutrients Market Size
The Business Research Company offers in-depth market insights through Secondary Agricultural Nutrients Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The secondary agricultural nutrients market size has grown steadily in recent years. It will grow from $43.25 billion in 2023 to $45.17 billion in 2024 at a compound annual growth rate (CAGR) of 4.4%. The growth in the historic period can be attributed to agricultural practices, soil health awareness, crop yield and quality, market demand and adoption, climate conditions.
The secondary agricultural nutrients market size is expected to see steady growth in the next few years. It will grow to $54.79 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to consumer awareness, global agricultural trends, research and development, market expansion, environmental regulations. Major trends in the forecast period include sustainable agriculture, precision farming, crop diversification, organic farming trends, supplier innovations.
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Market Segmentation:
The secondary agricultural nutrients market covered in this report is segmented -
1) By Nutrient Type: Sulphur, Calcium, Magnesium
2) By Crop Type: Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Turfs and Ornamentals, Other Crop Types
3) By Application Method: Solid, Liquid
Major Driver - Impact Of Soil Contamination On Plant Nutrient Uptake
The rising soil contamination is expected to propel the growth of the secondary agricultural nutrients market going forward. Soil contamination refers to the presence of pollutants or harmful substances in the soil beyond acceptable levels. Soil contamination can have a significant impact on the availability and uptake of secondary agricultural nutrients by plants. For instance, in May 2022, according to Eco watch, a US-based news website and media organization, 20 million acres of land is contaminated by Per- and poly-fluoroalkyl substances (PFAS) when compared to the previous year. Therefore, the rising soil contamination is driving the growth of the secondary agricultural nutrients market going forward.
Competitive Landscape:
Major companies operating in the secondary agricultural nutrients market report are Nutrien Ltd, Deepak Fertilizers and Petrochemicals Corporation Limited, Yara International ASA, Coromandel International Limited, Nufarm Limited, The Mosaic Company, Haifa Group, Israel Chemicals Ltd., Sapec Agro S.A., Impact Fertilizer Pty Ltd, Calcium Products Inc., Koch Industries Inc., Evergrow Solutions, Koch AG & Energy Solutions LLC, Agriculture Solutions Inc., KS AG, IFFCO, SABIC, URALCHEM JSC, CF Industries Holdings Inc., Wilbur-Ellis Company LLC, Aries Agro, Aditya Microdynamic, Acadian Seaplants Limited, Agrium Inc., PotashCorp, Sinochem Group, Qatar Fertiliser Company (QAFCO), Rubamin, SQM S.A., Compass Minerals, Tessenderlo Group, Kugler Company, Brandt Consolidated, Verdesian Life Sciences, BioWorks Inc., Fertiberia, Omex Agrifluids, Tradecorp International
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Top Trend - Increasing Focus On Product Innovations To Provide Reliable Services To The Customers
Product innovations are the key trends gaining popularity in the secondary agricultural nutrients market. Companies operating in the secondary agricultural nutrients market are focusing on developing innovative products to sustain their position in the market. For example, in April 2023, Nufarm Ltd., an Australia-based company that operates in the agricultural industry launched the Tourney EZ fungicide. Tourney EZ is a liquid fertilizer product that is used in agriculture to provide essential nutrients to crops. It is designed to be used in conjunction with other crop protection products, such as herbicides and fungicides, to promote plant health and maximize yield.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Secondary Agricultural Nutrients Market Characteristics
3. Secondary Agricultural Nutrients Market Trends And Strategies
4. Secondary Agricultural Nutrients Market - Macro Economic Scenario
5. Secondary Agricultural Nutrients Market Size And Growth
…..
27. Secondary Agricultural Nutrients Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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