Category: Agriculture

Secondary Macronutrients Market Competitive Landscape: Major Players, Competitor Market Shares, And Player Strategies – By The MarketsandMarkets

The global Secondary Macronutrients Market size is expected to record a CAGR of 4.0% from 2023 to 2028. In 2023, the market size is projected to reach a valuation of USD 39.9 billion. By 2028, the valuation is anticipated to reach USD 48.5 billion.

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Secondary Macronutrients Market Growth Factors and Dynamics:

Increased Awareness of Nutrient Management:

  • Farmers and agricultural practitioners are becoming more aware of the importance of balanced nutrient management for optimal crop growth.
  • Understanding the role of secondary macronutrients in improving soil fertility and enhancing crop yield contributes to market growth.

Soil Health Concerns:

  • Growing concerns about soil degradation and nutrient depletion drive the demand for secondary macronutrients.
  • Calcium, magnesium, and sulfur play crucial roles in maintaining soil structure, pH balance, and overall soil health.

Shift towards Sustainable Agriculture:

  • The global shift towards sustainable agricultural practices encourages the use of secondary macronutrients as part of eco-friendly and balanced fertilization strategies.
  • Sustainable farming practices emphasize long-term soil fertility and reduced environmental impact.

Crop-Specific Nutrient Requirements:

  • Increased awareness of the specific nutrient requirements of different crops fuels the demand for secondary macronutrient-containing fertilizers tailored to meet these needs.
  • Crop-specific formulations contribute to more efficient and targeted nutrient application.

Technology Advancements in Fertilizer Production:

  • Advances in fertilizer manufacturing technologies facilitate the development of innovative secondary macronutrient products.
  • Enhanced formulations, controlled-release technologies, and precision agriculture contribute to market growth.

Government Initiatives and Subsidies:

  • Government initiatives promoting sustainable agriculture, soil health, and balanced fertilization practices can drive the adoption of secondary macronutrient-containing fertilizers.
  • Subsidies and support programs further incentivize farmers to use these products.

Global Population Growth and Food Security Concerns:

  • The increasing global population places pressure on agriculture to enhance food production.
  • Secondary macronutrients contribute to improving crop yields and ensuring food security.

List of the Key Players in the Secondary Macronutrients Market:

  • Nutrien Ltd. (Canada)
  • Yara (Norway)
  • The Mosaic Company (US)
  • Israel Chemicals Ltd. (Israel)
  • K+S Aktiengesellschaft (Germany)
  • IFFCO (India)
  • Deepak Fertilisers
  • Petrochemicals Corporation Ltd. (India)
  • Coromandel International Ltd (India)

The Secondary Macronutrients Market is Segmented as Follows:

Market By Nutrient

  • Calcium
  • Sulfur
  • Magnesium

Market By Crop type

  • Cereals & grains

o    Corn

o    Wheat

o    Rice

o    Other cereals & grains

  • Oilseeds & pulses

o   Soybean

o   Sunflower

o   Other oilseeds & pulses

  • Fruits & vegetables

o   Root & tuber vegetables

o   Leafy vegetables

o   Pome fruits

o   Berries

o   Citrus fruits

o   Other fruits & vegetables

  • Other crop types

Market By Application

  • Liquid application

o   Fertigation

o   Foliar

o   Other liquid mode of applications

  • Solid application

o   Broadcasting

o   Deep Tillage

o   Localized Placement

Market By Form

  • Dry form
  • Liquid form

Market By Region

  • North America
  • Europe
  • Asia Pacific
  • South America
  • Row (Africa and Middle East)

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Regional Analysis of Secondary Macronutrients Market:

A regional analysis of the secondary macronutrients market reveals variations in demand, adoption, and influencing factors across different geographical areas. Here’s a breakdown of the market dynamics in key regions:

North America:

  • In North America, the secondary macronutrients market is driven by the adoption of precision farming techniques.
  • Increased awareness of soil health, sustainable agriculture, and environmental concerns contribute to the demand for calcium, magnesium, and sulfur-based fertilizers.
  • Government initiatives supporting nutrient management and sustainable practices further boost the market.

Europe:

  • Europe places a strong emphasis on sustainable agriculture and environmental stewardship, driving the use of secondary macronutrients.
  • Stringent regulations on fertilizer use and a focus on organic farming contribute to the demand for nutrient-balanced solutions.
  • Collaborations between research institutions and industry players lead to innovative products.

Asia-Pacific:

  • The Asia-Pacific region, with its vast agricultural landscape, experiences a growing demand for secondary macronutrients.
  • Increasing population, food security concerns, and a shift towards commercial farming drive the need for efficient nutrient management.
  • Government support in the form of subsidies for balanced fertilization practices enhances market growth.

Latin America:

  • Latin America sees a rise in the adoption of secondary macronutrients due to extensive agricultural activities.
  • Large-scale farming operations, especially in countries like Brazil and Argentina, drive demand for calcium, magnesium, and sulfur for crop nutrition.
  • Weather variations and soil conditions influence the specific nutrient requirements in different sub-regions.

Middle East and Africa:

  • In this region, the secondary macronutrients market is influenced by efforts to improve agricultural productivity in arid and semi-arid regions.
  • Soil amendments with calcium and sulfur are important for addressing soil salinity and alkalinity issues.
  • Water scarcity and climate conditions impact the choice of nutrient management practices.

Compound Feed Market | US$ 668.3 Billion by 2031 | CAGR 4.3%

The global market for compound feed was valued at USD 541.2 billion in 2023 and is projected to reach USD 668.3 billion by 2028, at a CAGR of 4.3% during the forecast period.

Compound feed is a complete or balanced feed prepared by scientifically mixing various ingredients to meet the specific nutritional requirements of different animals at various stages of their life cycle. These ingredients can include grains, protein meals, fats and oils, minerals, vitamins, and additives. Compound feed is produced by commercial feed mills and is available in various forms, including mash, pellets, crumbles, cubes, and liquid.

The main goal of compound feed manufacturing is to create a feed that is not only nutritious but also cost-effective. By using a variety of ingredients, feed manufacturers can create a feed that meets the nutritional needs of animals without breaking the bank. Compound feed is also a convenient way for farmers to provide their animals with all the nutrients they need. Unlike feeding animals a single grain or forage, compound feed provides a complete and balanced diet that helps animals grow, reproduce, and stay healthy.

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Role of Compound Feed in Agriculture Industry

Compound feed plays a central role in the modern agriculture industry, specifically in livestock production. Here’s a breakdown of its importance:

Balanced Nutrition: Unlike simply letting animals graze, compound feed allows for precise control over the nutrients they receive. Formulated by experts in animal nutrition, it combines various ingredients like grains, proteins, vitamins, and minerals to create a balanced diet. This ensures:

  • Animal Health: Proper nutrition keeps livestock healthy and prevents deficiencies.
  • Improved Performance: A balanced diet optimizes growth, milk production, and egg laying in animals.

Efficiency and Cost-Effectiveness:

  • Standardized Nutrition: Consistent quality and nutrient levels across batches reduces feeding variations and ensures efficient animal production.
  • Reduced Waste: Compound feed minimizes waste compared to traditional feeding methods where animals might selectively graze or not consume all the components offered.

Practical Advantages:

  • Convenience: Ready-made feed saves farmers time and effort compared to sourcing and preparing individual ingredients.
  • Storage and Handling: Processed forms like pellets or blocks improve storage life and handling compared to loose grains.
  • Transportation: Dense compound feed is easier and cheaper to transport than bulky raw ingredients.

Cereals Reign Supreme in Compound Feed Ingredients

The compound feed market relies on a variety of ingredients to provide essential nutrients to livestock. Among these, cereals hold the leading position by value. This dominance can be attributed to several factors:

  • Nutritional Powerhouse: Cereals are rich in carbohydrates, the primary source of energy for animals. They also offer varying levels of protein, fiber, and essential minerals, creating a well-rounded nutritional profile.
  • Cost-Effectiveness: Cereal crops like corn and wheat are widely cultivated and readily available around the globe. Their abundance translates to affordability, making them a cost-effective choice for feed manufacturers.

Poultry Leads the Livestock Charge

When it comes to the type of livestock consuming the most compound feed, poultry reigns supreme. This dominance is driven by the immense popularity of poultry products:

  • Global Favorite: Poultry, particularly chicken, is a top choice for meat consumption worldwide. Consumers favor poultry due to its affordability, versatility in cooking, and proven health benefits.
  • High Demand, High Feed Needs: The ever-growing demand for poultry meat and eggs necessitates a constant supply of specialized compound feed. This ensures optimal growth and production in poultry farms.

Mash Reigns Supreme in Feed Formulations

The form in which compound feed is presented also plays a crucial role. Mash feed, a blend of finely ground ingredients, currently holds the largest market share:

  • Easy Consumption for Young Animals: Mash feed’s uniform texture makes it easier for young animals and those with sensitive digestive systems, like piglets and chicks, to consume and digest the nutrients.
  • Enhanced Nutrient Absorption: The grinding process increases the surface area of the ingredients, allowing for better nutrient absorption. This can significantly improve growth rates, feed efficiency, and overall animal performance. These benefits solidify mash feed’s position as the preferred form for many livestock.

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Future Outlook of Compound Feed Market

The future outlook for the compound feed market is expected to be one of steady growth, with analysts predicting a CAGR (Compound Annual Growth Rate) of between 4.23% and 5.30% over the next decade. Here’s a breakdown of the key factors driving this growth:

Growth Drivers:

  • Rising demand for meat, poultry, and dairy products: Globally, consumers are increasingly demanding animal protein, which in turn fuels the demand for livestock and consequently compound feed.
  • Growing focus on animal health and welfare: Consumers are more interested in ethically sourced meat and dairy products, leading to a rise in demand for compound feed that promotes animal well-being.
  • Development in emerging economies: As economies develop, particularly in Asia and Africa, there’s an expected rise in meat consumption and animal production, requiring more compound feed.
  • Advancements in livestock feeding practices: New technologies and practices for efficient livestock nutrition will likely increase reliance on compound feed.

Challenges to Consider:

  • Volatile raw material prices: The cost of ingredients used in compound feed can fluctuate significantly, impacting producers’ margins.
  • Stringent regulations: Regulatory frameworks around animal feed safety and environmental impact can pose challenges for manufacturers.

Overall, the compound feed market is expected to benefit from growing protein consumption and advancements in the livestock industry. However, navigating volatile raw material prices and complying with regulations will be crucial for market participants.

Biorational Pesticides Market Size, Share & Forecast by 2028 | MarketsandMarkets

Biorational Pesticides Market Outlook from 2023 to 2028

The global biorational pesticides market size is estimated to stand at US$ 7.5 billion in 2023. The market is expected to reach to a generous valuation of US$ 15.1 billion by 2028, registering an impressive CAGR of 15.2%.

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The botanical source of the biorational pesticides segment is driving the market due to simpler storage needs and broad spectrum effect against insects, fungi, or other pests

Pesticides derived from plant sources or their extracts, known as botanical-based pesticides, frequently exhibit characteristics that enhance their stability during storage. These compounds, originating from plants, often possess inherent stability, mitigating rapid degradation or breakdown under standard storage conditions. This inherent stability contributes to an extended shelf life in comparison to certain microbial-based pesticides.

In terms of storage requirements, botanical-based pesticides typically demand simpler conditions than some microbial-based counterparts. While they may require standard storage practices, such as averting extreme temperatures or excessive moisture, they generally do not mandate specialized storage facilities or rigorous environmental controls.

Moreover, some botanical-based pesticides exhibit a broad-spectrum effect, meaning they have the capability to target and control a wide range of pests. These pesticides, derived from plant sources or their extracts, might possess compounds that affect various types of insects, fungi, or other pests. For instance, certain plant-derived compounds like pyrethrins or neem oil can impact a broad range of insects and diseases, offering a comprehensive approach to pest control.

Liquid formulation segment exhibits highest CAGR of 15.3%, driving biorational pesticides market growth

Liquid formulations of pesticides present distinct advantages over their dry counterparts, propelling their increased market demand. Their ease of application stands out as a primary factor, as liquids allow for more uniform spraying over large areas, ensuring enhanced coverage, particularly on uneven or densely foliated surfaces. This attribute facilitates efficient application, contributing to better pest management outcomes.

Moreover, the precision of liquid formulations in delivering active ingredients to specific pests or targeted areas further distinguishes them. This targeted delivery mechanism elevates their efficacy in pest control strategies, ensuring a more focused and effective approach. Additionally, the convenience in handling and mixing liquid formulations during preparation and application adds to their appeal. Their ability to seamlessly blend with diverse substances or additives enhances their versatility in pest management practices. As a result of these advantages and their perceived efficiency, liquid formulations have gained favor among farmers and pest management professionals, fostering their increasing preference and market growth.

North America accounts largest share in the biorational pesticides market and witnessing growth due to tight regulations and limitations on the application of conventional chemical pesticides

The agricultural sector in North America is characterized by a variety of farming systems, including large-scale commercial operations and smaller organic and specialty crop farms. This diverse landscape creates favorable conditions for the utilization of biorational pesticides across a wide range of crops.

In North America, regulatory bodies have erected robust frameworks, rigorously scrutinizing the usage of conventional pesticides, fueled by apprehensions encompassing safety and environmental repercussions. These stringent measures have triggered a surge in the quest for biorational pesticides, esteemed for their perceived safety and eco-friendly attributes. A significant milestone unfolded when the U.S. Environmental Protection Agency (EPA) championed the cause of shielding children and agricultural workers from the perils of a hazardous pesticide with ties to enduring cognitive impairments.

In a monumental move unveiled in August 2021, the agency unveiled plans for a sweeping prohibition on chlorpyrifos across all food crop applications, marking an epochal stride in safeguarding public health and the environment. This decisive action, born out of mounting concerns about the pesticide’s detrimental impacts, stands as a testament to the intensifying drive toward embracing safer and more sustainable alternatives in the agricultural landscape. The pronounced pivot towards biorational pesticides amid stringent regulatory reforms underscores an ardent commitment to fostering a safer, greener future in pest management practices within North America.

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Top Biorational Pesticides Companies

The key players in the biorational pesticides market include BASF SE (Germany), Bayer AG (Germany), UPL (India), FMC Corporation (US), Syngenta AG (Switzerland), Novozymes A/S (Denmark), Sumitomo Chemical Co., Ltd (Japan), Pro Farm Group Inc (US), Koppert (Netherlands), Valent BioSciences LLC (US), Gowan Company (US), Certis Biologicals (US), Biobest Group (Belgium), BIONEMA (UK), and Vestaron Corporation (US).

Feed Preservatives Market: Size, Share, Growth and Forecast

Feed preservatives market size is estimated to be valued at USD 4.8 billion in 2022. It is projected to reach USD 6.7 billion by 2027, with a CAGR of 6.7%, in terms of value between 2022 and 2027. Some of the reasons that are driving the growth of the feed preservatives market are increasing demand for meat consumption in developing countries, growth in livestock farming, increasing need to store feed for livestock, and growing application of livestock in the food industry.

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Feed Acidifiers Reign Supreme

Within the feed preservatives market, feed acidifiers hold the largest market share. These products, which include organic acids like citric and propionic acid, inhibit the growth of harmful bacteria and microbes. This promotes proper gut health in livestock, leading to better growth rates, feed efficiency, and overall meat quality – a key factor for consumers seeking high-quality meat products.

Other Feed Types See Promising Growth

The “other feed types” segment, encompassing mixed feeds, raw materials for calves, dairy cows, and feedlot livestock, is expected to witness significant feed preservatives market growth. Modern feed production involves careful selection and mixing of ingredients to retain nutritional value for various livestock types.

Asia Pacific Leads the Pack

The Asia Pacific region is emerging as the fastest-growing market for feed preservatives industry. This growth is driven by:

  • Soaring Meat Consumption: Developing economies like China, Japan, and Malaysia are experiencing a surge in meat consumption.
  • High Demand for Meat and Byproducts: Growing demand for meat and animal byproducts fuels the need for effective feed preservation.
  • Combating Livestock Infections: Addressing livestock infection issues is crucial for maintaining animal health and production efficiency.
  • Shifting Food Habits and Demographics: Changing consumer preferences, rising disposable incomes, and population growth are all contributing factors.

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This market report also provides insights into the marketing and development strategies of leading companies like BASF SE, Cargill, Nutreco NV, and others. It offers valuable information for industry stakeholders looking to capitalize on the growing demand for feed preservatives.

Agricultural Biologicals Market Booming Driven by Organic Farming and Sustainability Concerns

The agricultural biologicals industry is expected to reach USD 27.9 billion by 2028, reflecting a significant growth from USD 14.6 billion in 2023. This surge is attributed to the rise of organic farming practices and government initiatives promoting sustainable agriculture.

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Expanding Organic Farmland Creates Demand for Biological Solutions

The global trend towards organic farming, fueled by consumer preference for products free from synthetic inputs, is a major driver for the agricultural biologicals market. As organic farming gains traction, the demand for biological products as a core component of organic farming systems is pushing market expansion.

A recent report by FiBL and IFOAM – Organics International revealed a global increase in organic farmland and retail sales in 2023. Organic farmland expanded by 1.3 million hectares, reaching a total of 76.4 million hectares. This growth necessitates a rise in agricultural biologicals including biopesticides, beneficial microorganisms, and organic fertilizers. These inputs are crucial for complying with organic standards and supporting organic farming practices.

Microbials: A Sustainable Solution Leading Market Growth

Microbials hold a significant market share within the agricultural biologicals market due to growing concerns over the environmental impact of conventional agriculture, heavily reliant on chemical inputs. Microbials offer a natural and eco-friendly alternative, reducing dependence on synthetic pesticides and fertilizers. As sustainability becomes a priority for consumers and regulators, the demand for microbial-based agricultural products is rising.

Microbial products, including beneficial bacteria, fungi, and other microorganisms, improve soil health and nutrient availability by forming symbiotic relationships with plant roots, facilitating nutrient uptake, and enhancing plant growth. Recognizing the importance of soil health for sustainable agriculture, farmers are increasingly adopting microbials to promote soil fertility and nutrient cycling.

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South America: A Potential Growth Engine

South America, with its vast agricultural lands, is experiencing a growing awareness of the environmental impact of conventional practices. As a result, there is a rising demand for agricultural biologicals as a more sustainable alternative. These biological products contribute to improved soil health, biodiversity, and overall ecosystem sustainability. Additionally, South American countries, major exporters of agricultural commodities, are adopting agricultural biologicals to meet the stringent regulations of international markets, particularly in Europe and North America.

Agricultural Biologicals Market Share

The major players in the agricultural biologicals market include BASF SE (Germany), Syngenta AG (Switzerland), Bayer AG (Germany), UPL (India), and Corteva Agriscience (US), among others. These players are constantly innovating and developing new products to cater to the growing demand for sustainable agricultural solutions.

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Wet Pet Food Market Booming: Driven by Pet Pampering and Online Convenience

The wet pet food market is on a roll, projected to reach USD 31.7 billion by 2028 from USD 25.5 billion in 2023. This growth is fueled by a fascinating confluence of trends: the rise of pet-centric social media, a growing focus on pet wellness, and the increasing convenience of online shopping.

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Pets as Family: Social Media Fuels Premium Food Choices

Pet owners are increasingly treating their furry companions like family, and social media plays a big role in this shift. These platforms showcase pets, share care tips, and promote a culture of pet pampering. As a result, pet owners seek premium foods that mirror their own preferences for natural, nutritious, and delicious meals. Wet pet food’s high moisture content, enticing aromas, and soft textures meet these demands perfectly, making it a desirable choice for pet owners with even the pickiest eaters.

Wet Food: A Purrfect Choice for Cats

The wet pet food market is particularly driven by the rising cat adoption rates. Cats are becoming the second-most popular pets after dogs, and their unique dietary needs align well with wet food’s benefits. Wet food provides essential hydration and higher protein intake, crucial for feline health. Additionally, the convenience and palatability of wet food further fuels its demand for cat owners.

Online Sales: The New Frontier for Wet Pet Food

The online channel is witnessing explosive growth in the wet pet food market. The convenience of online shopping combined with the ability to compare prices, read reviews, and access a wider variety of brands and formulas makes online purchasing highly attractive.  Subscription models and targeted marketing on these platforms further enhance customer loyalty and drive sales.

This surge in online pet food sales is particularly beneficial for wet food products. Online stores offer pet owners easier access to premium wet food options that might not be readily available in brick-and-mortar stores.

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Asia Pacific Leads the Pack in Wet Food Growth

The Asia Pacific region is experiencing the fastest growth in the wet pet food market. This can be attributed to several factors, including rising disposable incomes, increasing pet ownership due to urbanization, changing lifestyles, and the growing popularity of online platforms. Social media’s influence on pet care awareness and the convenience of e-commerce are fueling the demand for high-quality wet pet food in this region.

Secondary Macronutrients Market Competitive Landscape: Major Players, Competitor Market Shares, And Player Strategies

The global Secondary Macronutrients Market size is expected to record a CAGR of 4.0% from 2023 to 2028. In 2023, the market size is projected to reach a valuation of USD 39.9 billion. By 2028, the valuation is anticipated to reach USD 48.5 billion.

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Secondary Macronutrients Market Growth Factors and Dynamics:

Increased Awareness of Nutrient Management:

  • Farmers and agricultural practitioners are becoming more aware of the importance of balanced nutrient management for optimal crop growth.
  • Understanding the role of secondary macronutrients in improving soil fertility and enhancing crop yield contributes to market growth.

Soil Health Concerns:

  • Growing concerns about soil degradation and nutrient depletion drive the demand for secondary macronutrients.
  • Calcium, magnesium, and sulfur play crucial roles in maintaining soil structure, pH balance, and overall soil health.

Shift towards Sustainable Agriculture:

  • The global shift towards sustainable agricultural practices encourages the use of secondary macronutrients as part of eco-friendly and balanced fertilization strategies.
  • Sustainable farming practices emphasize long-term soil fertility and reduced environmental impact.

Crop-Specific Nutrient Requirements:

  • Increased awareness of the specific nutrient requirements of different crops fuels the demand for secondary macronutrient-containing fertilizers tailored to meet these needs.
  • Crop-specific formulations contribute to more efficient and targeted nutrient application.

Technology Advancements in Fertilizer Production:

  • Advances in fertilizer manufacturing technologies facilitate the development of innovative secondary macronutrient products.
  • Enhanced formulations, controlled-release technologies, and precision agriculture contribute to market growth.

Government Initiatives and Subsidies:

  • Government initiatives promoting sustainable agriculture, soil health, and balanced fertilization practices can drive the adoption of secondary macronutrient-containing fertilizers.
  • Subsidies and support programs further incentivize farmers to use these products.

Global Population Growth and Food Security Concerns:

  • The increasing global population places pressure on agriculture to enhance food production.
  • Secondary macronutrients contribute to improving crop yields and ensuring food security.

List of the Key Players in the Secondary Macronutrients Market:

  • Nutrien Ltd. (Canada)
  • Yara (Norway)
  • The Mosaic Company (US)
  • Israel Chemicals Ltd. (Israel)
  • K+S Aktiengesellschaft (Germany)
  • IFFCO (India)
  • Deepak Fertilisers
  • Petrochemicals Corporation Ltd. (India)
  • Coromandel International Ltd (India)

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Regional Analysis of Secondary Macronutrients Market:

A regional analysis of the secondary macronutrients market reveals variations in demand, adoption, and influencing factors across different geographical areas. Here’s a breakdown of the market dynamics in key regions:

North America:

  • In North America, the secondary macronutrients market is driven by the adoption of precision farming techniques.
  • Increased awareness of soil health, sustainable agriculture, and environmental concerns contribute to the demand for calcium, magnesium, and sulfur-based fertilizers.
  • Government initiatives supporting nutrient management and sustainable practices further boost the market.

Europe:

  • Europe places a strong emphasis on sustainable agriculture and environmental stewardship, driving the use of secondary macronutrients.
  • Stringent regulations on fertilizer use and a focus on organic farming contribute to the demand for nutrient-balanced solutions.
  • Collaborations between research institutions and industry players lead to innovative products.

Asia-Pacific:

  • The Asia-Pacific region, with its vast agricultural landscape, experiences a growing demand for secondary macronutrients.
  • Increasing population, food security concerns, and a shift towards commercial farming drive the need for efficient nutrient management.
  • Government support in the form of subsidies for balanced fertilization practices enhances market growth.

Latin America:

  • Latin America sees a rise in the adoption of secondary macronutrients due to extensive agricultural activities.
  • Large-scale farming operations, especially in countries like Brazil and Argentina, drive demand for calcium, magnesium, and sulfur for crop nutrition.
  • Weather variations and soil conditions influence the specific nutrient requirements in different sub-regions.

Middle East and Africa:

  • In this region, the secondary macronutrients market is influenced by efforts to improve agricultural productivity in arid and semi-arid regions.
  • Soil amendments with calcium and sulfur are important for addressing soil salinity and alkalinity issues.
  • Water scarcity and climate conditions impact the choice of nutrient management practices.

Trends Shaping the Future of the Insect Pest Control Market

Insect pest control refers to the management and regulation of insects that pose a threat to crops, livestock, humans, or the environment. It involves various strategies aimed at minimizing or eliminating the damage caused by insect pests. These strategies can include biological, chemical, cultural, and physical methods. The insect pest control market size is projected to grow from USD 12.3 billion in 2021 growing a CAGR of 5.1% to reach USD 15.8 billion by 2026. Various factors have played a major role in driving market growth across the globe.

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Insect pest control products find applications in diverse end-user industries, including residential buildings, commercial and non-commercial institutions, livestock, and the industrial sector. The demand for pest control is primarily driven by bulk end-users such as hospitals, airports, hotels, offices in commercial establishments, factories, and manufacturing plants. Additionally, non-commercial institutions, storage and transport facilities, and public landscapes are also contributing positively to the market. Prominent companies in various industries, including Hilton, ITC, General Mills, and Nestlé, require pest control services, particularly in their kitchens.

North America is projected to account for the largest market during the forecast period

The North American insect pest control market has been experiencing significant growth. The US acquired the largest share of the North American insect pest control market. According to the Centers for Disease Control and Prevention (CDC), between 2004 and 2016, more than 640,000 cases of insect-borne diseases were reported in the US. Additionally, during this period, nine new germs spread by bites from infected mosquitoes and ticks were discovered or introduced in the US. As a result, the demand for effective pest control methods has significantly increased in recent years.

The chemical control method dominates the insect pest control market with the largest share

In terms of control methods, the market is segmented into various methods, namely as, chemical, physical, and biological. Chemical control methods include chemicals of various classes such as chlorinated hydrocarbon, carbamates, organophosphates, pyrethroids, pyrroles, and neonicotinoids. These control methods are preferred globally due to instant results, availability, longer duration, and greater coverage area.

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Top Companies in the Insect Pest Control Market

  • Bayer (Germany)
  • BASF (Germany)
  • Sumitomo Chemical (Japan)
  • Korea Henkel home care Co. Ltd. (Korea)
  • FMC Corporation (US)
  • Syngenta (Switzerland)
  • ADAMA (Israel)
  • Rentokil Initial Group (UK)
  • Terminix (US)
  • Rollins, Inc. (US)

Agricultural Variable Rate Technology (VRT) Market – A Smart Approach to Enhance Crop Production

The agricultural industry has undergone a revolutionary change in recent years with the introduction of variable rate technology (VRT). The VRT is a modern farming technique that allows the farmers to vary the rate of input such as seeds, fertilizer, herbicide, and water according to the specific requirement of the field. The application of VRT in agriculture enhances crop production, reduces environmental impacts, and increases profitability by lowering input and application costs. The global agricultural variable rate technology (VRT) market is projected to reach USD 13.7 billion by 2027, recording a CAGR of 13.2% during the forecast period.

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Crop Type: Cereals & Grains to Dominate the Agriculture VRT Market

As per the statistics, cereals and grains are the largest crop type being harvested globally, with around 728 million hectares of land under cereal cultivation in 2018. Among various crop types, cereals such as corn, wheat, and rice have the highest adoption rate as they are majorly grown in large farms. The cereals & grains segment is projected to account for the largest growth in the agriculture variable rate technology market. The VRT allows input application rates to be varied across fields for site-specific management of the field variability. VRT helps in reducing input usage, thereby decreasing environmental impacts such as greenhouse gas emission, soil erosion & degradation, and genetic erosion.

Application Method: Sensor-Based VRT to Exhibit Fastest Growth

Sensor-based VRT is expected to account for the fastest growth in the agriculture variable rate technology market. Unlike map-based application methods, the sensor-based VRT does not require a map or positioning system. The sensor based VRT utilizes active optical sensors, drones, and satellite mapping for real-time site-specific management of the field variability. However, the high cost of these sensor based VRT systems could be a major concern during the forecast period.

Farm Size: Mid-Sized Farms to Grow Fastest

Mid-sized farms are expected to account for the highest growth rate during the forecast period. Agriculture VRT helps in increasing farmers’ profitability while preserving the environment with chemical fertilizers and crop protection chemicals. The increasing demand for food supply has led to high adoption of precision farming technologies in medium-sized farms in emerging countries.

Region: North America to Dominate the Market

North America is expected to dominate the agriculture variable rate technology market due to the increasing adoption of advanced technologies in various crops. The U.S. has more than 15% of farms that are more than 200 hectares and grows commercial crops that require these types of advanced technologies for profitable and efficient farming.

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Key Market Players

The key players in this market include Deere & Company, Trimble, Inc, AGCO Corporation, Topcon Corporation, CNH Industrial N.V., Kubota Corporation, Yara International, SJ DJI Technology Co., Ltd., Valmont Industries, Inc, Lindsay Corporation, and others.

Conclusion

The inclination of farmers toward maintaining the health of their crop and increasing productivity is driving the market for agricultural variable rate technology products. The adoption of VRT can help in reducing input usage and environmental impacts, increasing productivity and profitability, and preserving the environment. The VRT is a smart approach to farming that helps farmers to efficiently manage their field variability, thereby enhancing crop production.

Secondary Macronutrients Market Size: 2028 Overview

The Secondary Macronutrients Market Size highlights the market’s growth potential, projecting a value of around USD 48.5 billion by 2028, up from USD 39.9 billion in 2023. This trajectory suggests a promising compound annual growth rate (CAGR) of 4.0% from 2023 to 2028.

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Secondary Macronutrients Market Report Summary

The Secondary Macronutrients Market Report provides an in-depth analysis of the global market for secondary macronutrients in agriculture. Secondary macronutrients include calcium, magnesium, and sulfur, which are essential for plant growth and development.

The report analyzes market trends, drivers, challenges, and opportunities impacting the secondary macronutrients market. It provides insights into key market segments, including product types, applications, and geographic regions.

Key findings from the report include:

  • Growing demand for secondary macronutrients: Increasing awareness among farmers about the importance of secondary macronutrients for improving soil fertility and crop yield is driving market growth.
  • Adoption of sustainable agricultural practices: With a focus on sustainable farming and environmental conservation, farmers are increasingly incorporating secondary macronutrients into their nutrient management strategies.
  • Technological advancements: Advancements in fertilizer formulations, application methods, and precision agriculture technologies are enhancing the efficiency and effectiveness of secondary macronutrient products.
  • Regional market dynamics: The report highlights regional variations in market demand, regulatory frameworks, and adoption rates of secondary macronutrient products across key geographic regions.

Driving Factors of Secondary Macronutrients Market

  • Increased Awareness and Understanding: There’s a growing awareness among farmers about the importance of secondary macronutrients like calcium, magnesium, and sulfur in achieving optimal crop yield and quality. As knowledge about soil health and nutrient management practices improves, farmers are more inclined to invest in secondary macronutrient products.
  • Soil Degradation and Nutrient Depletion: Soil degradation and nutrient depletion are major concerns in modern agriculture due to intensive farming practices. Secondary macronutrients play a crucial role in replenishing essential nutrients in depleted soils, making them indispensable for sustainable agriculture.
  • Crop Nutrition Optimization: Secondary macronutrients are essential for balancing soil pH, improving nutrient uptake, and enhancing plant growth and development. Farmers are increasingly recognizing the need to optimize crop nutrition to achieve maximum yield potential, driving the demand for secondary macronutrient fertilizers and amendments.
  • Shift towards Precision Agriculture: The adoption of precision agriculture technologies, such as soil testing, nutrient mapping, and variable rate application, is driving the demand for secondary macronutrients. Precision agriculture enables farmers to tailor nutrient inputs based on soil and crop requirements, leading to more efficient use of fertilizers and improved crop performance.
  • Regulatory Environment and Sustainability: Government regulations and initiatives promoting sustainable agricultural practices are influencing the use of secondary macronutrients. Policies aimed at reducing nutrient runoff and environmental pollution are encouraging farmers to adopt balanced nutrient management strategies, including the use of secondary macronutrient products.

Scope of Secondary Macronutrients Market

  • Product Range: The market includes a wide range of secondary macronutrient products, such as calcium, magnesium, and sulfur-based fertilizers, soil amendments, and micronutrient blends. These products may be available in various forms, including granular, liquid, and soluble formulations.
  • Application Methods: Secondary macronutrient products are applied through different methods, including soil application, foliar spraying, fertigation, and seed treatment. The market covers the development and adoption of various application technologies and techniques to ensure efficient nutrient delivery to plants.
  • Crop Types: Secondary macronutrients are essential for the growth and development of various crops, including cereals, fruits, vegetables, oilseeds, and legumes. The market encompasses the use of secondary macronutrients across different crop types and growing conditions.
  • End-User Segments: The market serves a diverse range of end-users, including large-scale commercial farms, smallholder farmers, horticultural producers, greenhouse operators, and turf managers. It caters to the needs of agricultural enterprises of all sizes and production systems.
  • Geographic Coverage: The market operates on a global scale, with regional variations in demand, production, and distribution patterns. It covers key geographic regions, including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, each with its unique market dynamics and growth opportunities.
  • Regulatory Landscape: The market is influenced by regulatory frameworks governing the production, sale, and use of agricultural inputs, including fertilizers and soil amendments. It includes compliance with regulations related to product safety, environmental protection, labeling, and nutrient content.
  • Industry Trends: The market encompasses emerging trends and developments shaping the secondary macronutrients industry, such as the adoption of precision agriculture, organic farming practices, sustainable nutrient management, and technological innovations in fertilizer production and application.
  • Market Players: The market comprises a diverse range of stakeholders, including manufacturers, suppliers, distributors, retailers, agronomists, research institutions, and government agencies. It covers the competitive landscape, market dynamics, and strategic initiatives undertaken by key players to gain a competitive edge in the market.

Overall, the scope of the Secondary Macronutrients Market is broad and dynamic, reflecting the importance of secondary macronutrients in modern agriculture and the evolving needs of farmers and agricultural enterprises worldwide.

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Regional Analysis of Secondary Macronutrients Market

South America is the fastest growing region in the secondary macronutrients market. South America has a large agricultural sector, which is a significant contributor to the region’s economy. The use of secondary macronutrient fertilizers can help farmers improve crop yields and profitability. The availability of secondary macronutrient fertilizers is increasing in the South America region, making it easier and more cost-effective for farmers to use these fertilizers. Many South American countries export agricultural products to other countries, and the use of secondary macronutrient fertilizers can help ensure that these products meet the quality standards required by export markets. and hence it is projected to foster at a higher rate in the secondary macronutrients market.