Agriculture & Forestry Industry Market News

Potash fertilizers market global forecast to 2024 published by leading research firm

Potash fertilizers market global forecast to 2024 published by leading research firm

Potash fertilizers can be used for many different applications including rice, vegetables, fruits, sugarcane, palm oil, soybean and cotton. It helps in increasing crop yield, nutrient value, and enhances water retention levels and make crops resistant to diseases and harmful pathogens.

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Introduction

Potash fertilizers improve the color and flavor of fruit, increases its size, and reduces the occurrence of pests and diseases In addition, it helps in improving the taste and texture of fruit, which is the primary function of potash fertilizer.

Market Dynamics

The development of potash fertilizer market can be accredited to the need for advanced productivity and increase in the applicability of potash fertilizers.

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Potash fertilizers are the most widely used source of potassium for agricultural crops other than naturally available potassium present in soil. Apart from this, Potash (MOP) has been referred to as muriate and has great nutrient absorption.

Potash fertilizers are used to increase nutrient growth in crops and improve the overall quality of plants. Majority of crops such as plantation crop, and horticulture are fertilized with potassium chloride which is a key driver for the growth of this market.

Although the use of potash fertilizer is increasing for potable plants, excessive use results in reducing the soil fertility, and in turn, causes depletion of crop yield in long term. Also, due to price fluctuation, the demand for potash fertilizer has slowed down during the global financial crisis and has been hindering the market growth.

The demand for organic food and food products has restrained the use of chemical fertilizers, thus hindering the growth of potash fertilizers.

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Market Classification

The Potash Fertilizer Market Make an Inquiry about this news is bifurcated into crop type, application, type, form and geography. On the basis of crop type, the market is classified into fruits & vegetables, oilseeds & pulses, cereals & grains and others (sugarcane, sugar beet, and fiber crops).

On the basis of application, the market is classified into fertigation, foliar and broadcasting. On the basis of type, the market is classified into potassium nitrate, potassium chloride, sulfate of potash (SOP) and others.

On the basis of physical form, the market is classified into liquid and solid. Based on geography, market is divided into North America, Latin America, Europe, Asia-Pacific and Middle East & Africa.

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Report Coverage

Market Potash Fertilizers Market
Analysis Period 2014 – 2024
Historic Data 2014 – 2015
Base Year 2016
Forecast Data 2017 – 2024
Market Stratification Crop Type, Application, Type, Physical Form, Geography
Regional Scope North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)
Report Coverage Market Trends, Drivers, Restraints, Porter’s Five Forces Analysis, Competitive Analysis, Player Profiling, Value Chain Analysis


Market Participants

Some of the leading market players in the potash fertilizer market are Potash Corporation of Saskatchewan, Agrium Inc., EuroChem Group AG, Sinofert Holdings Limited, K+S AG, The Mosaic Company, Yara International ASA, Israel Chemicals Ltd., JSC Belaruskali, HELM AG, Sociedad Química y Minera de Chile S.A (SQM), and Borealis AG among others.

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Market Segmentation

Market By Crop Type

Fruits & vegetables

o Apple

o Tomato

o Citrus

o Others (Brassica and berry)

Oilseeds & pulses

o Soybean

o Canola

o Sunflower

o Others (Peas and palm oil)

Cereals & grains

o Rice

o Corn

o Wheat

o Barley

Others (Sugarcane, sugar beet, and fiber crops)

Market By Application

Fertigation

Foliar

Broadcasting

Market By Type

Potassium nitrate

Potassium chloride

Sulfate of Potash (SOP)

Others

Market By Physical Form

Liquid

Solid

Market By Geography

North America

o US

o Canada

o Mexico

Europe

o UK

o Germany

o France

o Rest of Europe

Asia-Pacific

o China

o Japan

o India

o Australia

o Rest of Asia-Pacific

Latin America

o Brazil

o Rest of Latin America

Middle East and Africa (MEA)

o South Africa

o Saudi Arabia

o Rest of MEA

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News From

Acumen Research and ConsultingAcumen Research and Consulting
Category: Market Research Publishers and RetailersCompany profile: Acumen Research and Consulting (ARC) is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact-based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, ...

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