Global Potash Fertilizers
Market Report
2024
Delivery Includes:- Market Timeline 2019 till 2031, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive market research, the Global Potash Fertilizers Market is expected to have a market size of XX million in 2024 with a growing CAGR of XX% during the forecast period.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Market Split by Type |
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Market Split by Mode of Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Potash Fertilizers Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
MOP (muriate of potash), another name for potash fertilizer, is a potassium salt that is a major source of soluble potassium, a nutrient that is necessary for plant growth. Since food crops receive the majority of the world's potash—over 95%—it is an essential part of the agricultural sector. The urge to maintain a clean and healthy lifestyle, coupled with increased food consumption and population growth, is expected to drive the global market for potash fertilizers. Potash fertilizers are applied to crops to boost growth by supplying vital nutrients. Incorporating potash fertilizers prolongs the shelf life of plants while also contributing to their overall quality improvement. Since potash fertilizers increase crop yield and productivity, improve nutrient value, increase water retention, and make crops resistant to harmful pathogens and diseases, they can be used for a wide range of crops, including rice, vegetables, fruits, sugar, palm oil, soybeans, and cotton. Additionally, the main purpose of potash fertilizers is to improve the color, taste, and texture of food crops by applying them to the soil. Over the past few years, there has been an increase in demand for potash fertilizers due to factors such as growing urban populations, rising standards of living, and government measures to modernize farms and boost agricultural output. Over the course of the projection period, it is expected that this tendency will continue, creating new chances for market growth. Variations in crop yield and regional climates are major factors driving the expansion of the potash fertilizer market. Increased demand for crops for other uses, such as the creation of biofuels, is anticipated to put further strain on the already limited supply of grains for human consumption. This element is anticipated to be crucial in boosting the demand for potash fertilizers to raise agricultural yields.
The growing need for potash fertilizers to boost crop productivity in light of the limited amount of land available for crop cultivation and the growing requirement for providing strengthening nutrients to shield plants from harmful pathogens that lower soil fertility and lower crop yield are the main factors propelling the growth of the potash fertilizers market. Furthermore, adding potash fertilizer and improving its application together with the increased need for high-performance fertilizers improve the overall quality of plants. It increases shelf life, which is another important element propelling the market for potash fertilizer. Expanding market value will be further supported by rising environmental consciousness. There are several lucrative market opportunities that would arise from increased agricultural investments and the requirement to boost pasture productivity. Additionally, the significant global population growth points to an increase in food demand, which would drive up the demand for potash in the manufacture of fertilizer. In addition, the market for potash fertilizers is anticipated to grow as a result of increasing consumer health consciousness brought on by busy lifestyles, rising consumption of cattle feed, and the use of potash fertilizers in the soil to improve the color, flavor, and texture of food crops. Therefore, the market is expected to grow significantly in the coming years.
Over the past few years, there has been a steady increase in the demand for potash fertilizers worldwide, primarily from the agricultural sector. For plants to perform a variety of tasks, including protein synthesis, enzyme activation, photosynthesis, and stomata management, potash supplies vital potassium ions. The need for increasing food production due to the growing global population has put significant pressure on farmers to raise crop yields. Along with nitrogen and phosphorus, potassium is one of the three main nutrients found in fertilizers. Data from the United Nations Food and Agriculture Organisation (FAO) show that the amount of potassium consumed globally increased from 34 million tonnes in 2010 to over 40 million tonnes in 2020. Farmers all around the world have been using a lot of potash-rich fertilizers to meet crop nutrition requirements. Over the course of the last ten years, imports of potash fertilizer have increased significantly in countries with sizable crop-producing regions, such as China, India, the United States, Brazil, and several African countries. Global agricultural sector expansion: One of the main factors propelling the growth of the potash fertilizers market has been the worldwide agricultural sector expansion. The world's population is expanding, and this is driving up demand for food and forcing farmers to increase crop yields. The Food and Agriculture Organisation (FAO) of the United Nations projects that by 2050, when the world's population approaches 10 billion, there will be a more than sixty percent rise in the need for food worldwide. Potash fertilizers, which supply potassium, an essential nutrient, are essential for improving several plant growth processes, such as improved protein synthesis, improved transport of carbohydrates, and improved control of water. In order to meet the growing demand for food and maximize agricultural productivity, potash fertilizers are used. Recent data from the International Fertiliser Industry Association show that potash and nitrogen-based fertilizers were the main drivers of the increase in worldwide fertilizer use, which rose from 0.16 billion tonnes in 2015 to over 0.18 billion tonnes in 2020. Over half of the world's agricultural production comes from countries like China, India, Brazil, and the United States, where the use of potash fertilizer has been steadily increasing. Hence the market is expected to grow significantly in the coming years, owing to these factors. (Source- https://openknowledge.fao.org/server/api/core/bitstreams/0c372c04-8b29-4093-bba6-8674b1d237c7/content, https://www.fao.org/fileadmin/templates/wsfs/docs/Issues_papers/HLEF2050_Global_Agriculture.pdf)
The excessive use of chemical fertilizers is causing environmental issues, which are hindering the expansion of the global market for potash fertilizers. Farmers and policymakers are becoming more conscious of the negative impacts that excessive and careless application of potash fertilizers can have on the sustainability of the environment and the health of the soil. When potash fertilizers are used excessively and repeatedly, the soil's structure can be weakened, vital micronutrients can be lost, and the soil's acidity and salinity can eventually rise. Crop production and soil fertility may suffer as a result. Large-scale water contamination is also being brought on by the excessive runoff of fertilizer compounds from farmlands into water bodies. Runoff winds up in lakes and rivers where it causes eutrophication, which kills aquatic life. The United Nations Environment Program's 2021 report states that the primary source of global Ecozone nitrogen pollution is reactive nitrogen derived from chemical fertilizers. The extra nitrogen upsets the natural equilibrium of coastal marine habitats. This is demonstrated by the frequent occurrences of toxic algal blooms and hypoxic dead zones in seas and oceans close to fertilized agricultural land. For instance, surplus fertilizer residues carried by the Mississippi River from Midwest farmers cause an annual "dead zone" to extend over the northern Gulf of Mexico off the shores of Texas and Louisiana. Globally, these occurrences are growing more regular and widespread. Additionally, strict government regulations on the use of potash fertilizers are anticipated to impede industry expansion. Although there is still a high need for the yield-boosting fertilizer potash, growing consumer consciousness about the preservation of soil, water, and the environment is gradually impacting purchasing decisions and slowing the long-term growth of the potash fertilizers market worldwide.
People's lives and many different businesses were negatively impacted by the COVID-19 pandemic. Fertilizer production ceased along with the global closure and lockout, which led to a decline in fertilizer sales. The COVID-19 pandemic has had a significant negative impact on the Indian pesticide industry, which is mostly dependent on Chinese businesses for raw supplies. The worldwide pesticide market was impacted by the rise in raw material input costs as well as the significant supply deficit from China. However, due to a shift in the focus away from fertilizers and a rise in the demand for agricultural products, the fertilizers industry was not as negatively impacted over time as other categories. It had an impact on raw material suppliers and manufacturers as well. Furthermore, it was challenging for the providers to transport their fertilizers from one place to another due to the closing of both domestic and international borders. Furthermore, the COVID-19 pandemic prompted nations to enact stringent safeguards that caused disruptions in supply networks and production. Therefore, the potash fertilizers market had a negative impact.
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Leading industry companies are heavily funding R&D to diversify their product offerings, which will encourage more growth in the potash fertilizer market. As the sector undergoes substantial transformations due to factors including new product launches, contracts, mergers and acquisitions, higher investments, and joint ventures with other entities, market developments are also engaging in a range of strategic endeavors to broaden their reach. For example, ICL Fertilisers acquired Compass Minerals América do Sul SA, a renowned specialty plant nutrition company in Brazil, in March 2021. This acquisition will expand the company's product line of liquid potash fertilizer, especially in South America. Moreover, to increase its manufacturing and distribution capabilities in Brazil, EuroChem Group AG announced in March 2022 that it had successfully acquired 51.48% of the shares of Brazilian distributor Fertilizantes Heringer SA. A prominent manufacturer of fertilizers worldwide, EuroChem Group AG produces and sells agricultural chemicals. The company supplies feed phosphates, industrial acids, and mineral raw materials in addition to producing nitrogen, phosphate, and NPK fertilizers.
Top Companies Market Share in Potash Fertilizers Industry: (In no particular order of Rank)
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Global Potash Fertilizers Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Potash Fertilizers Industry growth. Potash Fertilizers market has been segmented with the help of its Type, Mode of Application , and others. Potash Fertilizers market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The potassium Chlorides Potash Fertilizers segment is expected to have the largest market share with an expected market size of XX million in 2024 with a growing CAGR of XX% during the forecast period. The most widely used K fertilizer worldwide is potassium chloride (KCl), also known as muriate of potash. It gives crops the two nutrients that are necessary for both plants and animals: K and Cl. It contains 50–52 percent K (60–63 percent K?O) and 45–47 percent Cl?, which is higher K than most other sources. Over 90% of the potash produced worldwide is used for plant nutrition. Potassium chloride is primarily used by plants as a source of potassium. In order to increase protein, vitamin C, solid soluble sugars in fruits, and starch in grains and tubers, potassium is necessary. Additionally, it increases fruit size, reduces the occurrence of pests and diseases, enhances the quality of storage and transportation, and increases the nutritional value of fruit color and flavor.
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The broadcasting segment is expected to have the largest market share with an expected market size of XX million in 2024 with a growing CAGR of XX% during the forecast period. A "broadcast" application of fertilizer is made when it is applied evenly across the soil's surface before planting corn, tiny grains, or perennial forages. To ensure that the fertilizer is not lost to runoff, erosion, or volatilization, it will be tilled into the soil right away after being broadcast. When applying fertilizers at planting time, the primary goals are to mix the fertilizer into the soil and spread it evenly throughout the area. For large-scale agricultural growers, broadcast application is an inexpensive substitute because it consumes a lot less fertilizer. This is helping the broadcasting industry grow even more. Therefore, the market is expected to grow significantly in the coming years.
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Asia-Pacific region has the largest market share in the Global Potash Fertilizers Market with an expected market size of XX million in 2024 with a growing CAGR of XX% during the forecast period. Due to crop demand and rising farmer awareness of fertiliser efficiency, the Asia Pacific region is anticipated to have profitable growth in the worldwide potash fertilizers market. India, China, Indonesia, Malaysia, and other nations are the top exporters of potash to other countries. It is anticipated that the growing demand for vegetable crops, which calls for the right levels of potassium fertilizers, will fuel the growth of the potash fertilizers market in the area.
The current report Scope analyzes Potash Fertilizers Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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The Global Potash Fertilizers Market is witnessing significant growth in the near future.
In 2023, the Potassium chloride segment accounted for noticeable share of global Potash Fertilizers Market and is projected to experience significant growth in the near future.
The Foliar segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Agrium Inc. (Canada) , The Mosaic Company (U.S.) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Table of Content differs accordign to the user License selction. Current Displayed TOC is for the Corporate User License Report Edition. TOC Customization options: Add or Remove section's Or chapter's from the report. Specific section's of report can be ordered at a discounted price. If applicable; On Request Volume Data will also be provided (at an Additional Cost).
Type | Potassium chloride, Sulfate of Potash (SOP), Potassium nitrate |
Mode of Application | Foliar, Fertigation, Broadcasting |
List of Competitors | Agrium Inc. (Canada), Yara International ASA (Norway), The Mosaic Company (U.S.), JSC Belaruskali (Republic of Belarus), Eurochem Group AG (Switzerland), Borealis AG (Austria), HELM AG (Germany), Sinofert Holdings Limited (China), Israel Chemicals Ltd. (Israel), Nutrien (Canada), K+S Aktiengesellschaft (Germany), SQM S.A. (Chile) |
This chapter will help you gain GLOBAL Market Analysis of Potash Fertilizers. Further deep in this chapter, you will be able to review Global Potash Fertilizers Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Chapter 2 North America Market Analysis
Executive Summary North America Market (2019 vs 2024 vs 2031)
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Potash Fertilizers Market Trends North America Potash Fertilizers Technological Road Map North America Potash Fertilizers Market Drivers North America Potash Fertilizers Market Restraints North America Potash Fertilizers Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia-Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Mode of Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Potash Fertilizers market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Potassium chloride have a significant impact on Potash Fertilizers market? |
What are the key factors affecting the Potassium chloride and Sulfate of Potash (SOP) of Potash Fertilizers Market? |
What is the CAGR/Growth Rate of Foliar during the forecast period? |
By type, which segment accounted for largest share of the global Potash Fertilizers Market? |
Which region is expected to dominate the global Potash Fertilizers Market within the forecast period? |
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