Potash Fertilizer Market Forecasts to 2028 – Global Analysis By Form (Liquid, Solid), Nature (Biological, Synthetic Chemicals), Application (Broadcasting, Fertigation, Fertilizers, Foliar), and By Geography
According to Stratistics MRC, the Global Potash Fertilizer Market is accounted for $24.68 billion in 2020 and is expected to reach $40.85 billion by 2028 growing at a CAGR of 6.5% during the forecast period. Rise in applicability of potash fertilizers, increase in need for higher productivity using limited land area aredriving the market growth. However, growing trend of organic food consumption is hampering the growth of the market.
Fertilizer potassium is known as potash which originates from an early making procedure where potassium was filtered from ashes of woods and concentrated by dissipating the leachate in huge iron pots. Natural potassium does not exist in the environment since it responds aggressively to water.
Based on the type, the potassium chloride segment is going to have lucrative growth during the forecast periodowing to its usage as a source of potassium for agricultural crops. Furthermore, potassium also plays an important role in enhancing the protein, vitamin C, and solid soluble content in fruits, and starch content in grains & tubers.
By geography, Asia Pacific is going to have high growth during the forecast period which can be attributed to the rising demand for food grains and growth in awareness among farmers about the efficient use of land through fertilizers.
Some of the key players profiled in the Potash Fertilizer Market include Agrium Inc., Borealis AG, Eurochem Group AG, Helm AG, Israel Chemicals Ltd., JSC Belaruskali, K+S Aktiengesellschaft, Potash Corporation of Saskatchewan Inc, Sinofert Holdings Limited, Sociedad Química Y Minera De Chile S.A. (SQM), The Mosaic Company, and Yara International Asa.
Estimated Market Size in 2020:
USD 24.68 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 40.85 billion
Tables, Graphs & Figures
Type, Form, Nature, Crop Type, Application Method, Application and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Potassium Chloride (KCL)/Muriate of Potash (MOP)
• Potassium Magnesium Sulfate
• Potassium Nitrate
• Potassium Thiosulphate
• Sulfate of Potash (SOP)
• Synthetic Chemicals
Crop Types Covered:
• Cereals & Grains
• Oilseeds & Pulses
• Fruits & Vegetables
• Commercial Crops
• Other Crop Types
Application Methods Covered:
• Seed Coating
• Seed Dressing
• Seed Pelletting
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Potash Fertilizer Market is majorly driven by the increase in applicability of potash fertilizers and the rise in the need for higher productivity using the limited land area.
The cereals & grains segment is growing at the highest CAGR due to the rising demand for crops especially applications in rice, wheat, cereals, and corn.
The Asia Pacific dominated with a significant market share due to the direct use of micronutrients to treat plant deficiencies.
The Asia Pacific market is growing at the highest CAGR due to the growing consumption of vegetable crops.
Key players in Potash Fertilizer Market include Agrium Inc., Borealis AG, Eurochem Group AG, Helm AG, Israel Chemicals Ltd., JSC Belaruskali, K+S Aktiengesellschaft, Potash Corporation of Saskatchewan Inc, Sinofert Holdings Limited, Sociedad Química Y Minera De Chile S.A. (SQM), The Mosaic Company, and Yara International Asa.
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