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Global Potash Fertilisers Market To Be Driven By Changing Food Habits Among Customers In The Forecast Period Of 2022-2027

The new report by Expert Market Research titled, ‘Global Potash Fertilisers Market Report and Forecast 2022-2027’, gives an in-depth analysis of the potash fertilisers market, assessing the market based on its segments like types, crop types, forms, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2017-2027)

  • Historical Market Size (2020): USD 24.8 Billion
  • Forecast CAGR (2022-2027): 4.48%

Due to the rapidly growing population, there is an increasing demand for food and for potash for fertiliser manufacture, which is driving the market growth. The rising consumer health consciousness as a result of their hectic lifestyles necessitates healthy food consumption is thereby augmenting the market growth. An increase in cattle feed consumption and the use of potash fertilisers in the soil to improve the colour, taste, and texture of food crops are also expected to have a positive impact on the global potash fertilisers market.  The rising demand for food grains and improved awareness among farmers about the efficient use of land through fertilisers is further driving the market growth.

Industry Definition and Major Segments

Potassium is a critical soil element and one of the most important NPK fertiliser components. Because potassium reacts aggressively to water, it does not exist naturally in the environment. Potassium fertiliser is sometimes referred to as ‘potash,’ a phrase that comes from an early manufacturing process in which potassium was purified from wood ashes and concentrated by dissipating the leachate in massive iron pots.

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The major types of potash fertilisers are:

  • Potassium Chloride
  • Sulphate of Potash (SOP)
  • Potassium Nitrate
  • Others

The market can be broadly categorised on the basis of its applications into:

  • Broadcasting
  • Foliar
  • Fertigation

The major forms of potash fertilisers are:

  • Solid
  • Liquid

The segmentation based on crop type are:

  • Pulses and Oilseeds
  • Cereals and Grains
  • Fruits and Vegetables
  • Others

The major regions include:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

Due to a growth in the consumption of vegetable crops that require potash fertilisers to maintain their potassium content, the market is predicted to grow. Brazil is expected to be the largest consumer and producer of potash fertiliser over the projection period, owing to rising demand for greater agricultural yields and productivity. Potash fertiliser demand has risen in recent years due to the rising urban population, changing standards of living, and several initiatives by governments to modernise farms and raise agricultural production. This development is expected to continue during the forecast period, resulting in new market growth potential.

Key Market Players

The major players in the market are Nutrien Ltd, The Mosaic Company, Sinofert Holdings Limited, K+S Aktiengesellschaft, and EuroChem Group AG, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

Media Contact

Company Name: EMR Inc.
Contact Person: Steven Luke, Corporate Sales Specialist – U.S.A.
Email: [email protected]
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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