Secondary Macronutrients: Asia-pacific Poised for Robust Growth
The market is driven by the need for increasing the yields of crops and the growing demand for high-value crops.
(EMAILWIRE.COM, July 11, 2019 ) Factors such as the need for increasing the yield of crops and growth in demand for high-value crops are driving the market for secondary macronutrients. The secondary macronutrients market is projected to reach USD 37.12 billion by 2022, growing at a CAGR of 3.76% from 2017 to 2022.
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On the basis of nutrient, the magnesium segment is projected to grow at the highest rate from 2017 to 2022. Magnesium plays a critical role in nearly all parts of plant metabolism and protein synthesis and is an essential constituent of chlorophyll. As magnesium is critical for photosynthesis, its deficiency affects the final crop yield, which drives the market for fertilizers that contain magnesium.
By formulation, the liquid formulation segment is projected to grow at a higher rate from 2017 to 2022. Liquid fertilizers are more expensive than granular fertilizers; however, benefits such as ease of application and uniform distribution drive the market growth for liquid formulations.
Based on application method, the liquid application segment is projected to grow at a higher rate when compared to solid application. The liquid application includes fertigation, foliar application, aerial sprays, and soil injection. The fertigation method is more commonly used due to its high reliability and efficacy compared to other liquid application methods.
On the basis of crop type, the cereals & grains segment is projected to grow at the highest rate from 2017 to 2022. According to the FAOSTAT, corn and wheat accounted for the largest harvested area from 2012 to 2016. This increase in harvested area drives the demand for secondary macronutrients that help increase nutrient uptake in cereal crops such as corn and rice, thereby increasing their productivity.
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Asia Pacific is projected to be the fastest-growing region in the secondary macronutrients market from 2017 to 2022. Due to the slow progress in agriculture industrialization, farmers opt for practices that help increase the yield or productivity of crops. This factor has led to the rise in growth of secondary macronutrients market in this region.
Multinational companies are increasingly including secondary macronutrients in their portfolios, which helps them provide unique crop-focused product lines across many countries. However, there is lack of awareness in developing countries in the African and Middle Eastern regions due to the production of counterfeit products that impact the crop yield and the soil nutrition.
Investments and expansions in untapped secondary macronutrients markets in regions such as Africa act as opportunities for market players.
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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
Download PDF brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=45874881
On the basis of nutrient, the magnesium segment is projected to grow at the highest rate from 2017 to 2022. Magnesium plays a critical role in nearly all parts of plant metabolism and protein synthesis and is an essential constituent of chlorophyll. As magnesium is critical for photosynthesis, its deficiency affects the final crop yield, which drives the market for fertilizers that contain magnesium.
By formulation, the liquid formulation segment is projected to grow at a higher rate from 2017 to 2022. Liquid fertilizers are more expensive than granular fertilizers; however, benefits such as ease of application and uniform distribution drive the market growth for liquid formulations.
Based on application method, the liquid application segment is projected to grow at a higher rate when compared to solid application. The liquid application includes fertigation, foliar application, aerial sprays, and soil injection. The fertigation method is more commonly used due to its high reliability and efficacy compared to other liquid application methods.
On the basis of crop type, the cereals & grains segment is projected to grow at the highest rate from 2017 to 2022. According to the FAOSTAT, corn and wheat accounted for the largest harvested area from 2012 to 2016. This increase in harvested area drives the demand for secondary macronutrients that help increase nutrient uptake in cereal crops such as corn and rice, thereby increasing their productivity.
Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=45874881
Asia Pacific is projected to be the fastest-growing region in the secondary macronutrients market from 2017 to 2022. Due to the slow progress in agriculture industrialization, farmers opt for practices that help increase the yield or productivity of crops. This factor has led to the rise in growth of secondary macronutrients market in this region.
Multinational companies are increasingly including secondary macronutrients in their portfolios, which helps them provide unique crop-focused product lines across many countries. However, there is lack of awareness in developing countries in the African and Middle Eastern regions due to the production of counterfeit products that impact the crop yield and the soil nutrition.
Investments and expansions in untapped secondary macronutrients markets in regions such as Africa act as opportunities for market players.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
Contact Information:
MarketsandMarkets™
Mr. Shelly Singh
Tel: 1-888-600-6441
Email us
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MarketsandMarkets™
Mr. Shelly Singh
Tel: 1-888-600-6441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results