The secondary macronutrients market is estimated at USD 38.6 billion in 2022 and is projected to reach USD 48.5 billion by 2028, at a CAGR of 4.0% from 2023 to 2028. Due to the rise in the demand for food such as cereals & grains and fruits & vegetables the global secondary macronutrient market is projected to grow at a robust growth rate. Farmers are becoming more aware of the value of secondary macronutrients in crop production and are turning to these fertilizers to boost yields and quality, is further fueling the growth of the market.

Calcium is estimated to be the fastest growing segment during the forecast period

Calcium is considered as the most essential element for higher crop productivity. Calcium helps in the better growth of crops which helps in enhancing the quality and yield of plants. It is also responsible for improving the root growth, improving seed and flower formations, and makes the plants resistant to the various pests and diseases. Better results are seen in the crops such as sugarcane, rice, fruits, and vegetables etc. It also helps in the regulation of plant growth and the development of reproductive structures, including flowers and seeds. Plants that receive adequate calcium are stronger and more resilient, with better resistance to pests and diseases. These are the factors which are considered to drive the market for calcium.

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Fruits & vegetables segment is projected as the fastest growing segment during the research period

Fruits & vegetables is the fastest growing segment during the forecasted period. The rise in veganism and vegetarianism has led to an increased demand for fruits and vegetables as these diets tend to rely heavily on plant-based foods. An increasing number of people are becoming more health-conscious, and they recognize the importance of consuming fruits and vegetables to maintain good health. These are the factors that are considered to propel the growth of secondary macronutrient market.

Liquid form is estimated to be the fastest-growing segment during the review period

Secondary macronutrients can be delivered in liquid form in a variety of ways, including as foliar sprays, fertigation, and soil drenches. This gives farmers the freedom to select the optimal technique for their individual crop and growing environment. Secondary macronutrients in liquid form are simple to combine with water or other fertilizers to make a homogenous solution. By doing this, farmers can make sure that the nutrients are dispersed uniformly over the field, which will result in more consistent crop development and higher yields. These are the factors which are driving the growth of the segment.