The Potash Fertilizers Market is estimated to be valued at US$ 21.64 Bn in 2022 and is expected to exhibit a CAGR of 4.4% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Potash fertilizers are potassic fertilizers that are enriched with potassium. They help increase crop yields, improve quality, and provide resistance against diseases and drought. Potassium is an essential nutrient for plant growth and is required by plants in large quantities. Potash fertilizers provide potassium which improves the metabolism of plants, nutrients absorption, and drought tolerance.
Market key trends:
One of the major trends driving the growth of the potash fertilizers market is the increasing global population, especially the aging population. As per the United Nations, it is estimated that the population aged 60 years and above will reach 1.4 billion by 2030. This aging population has increased the demand for food products globally which is fueling the demand for high crop yields. Since potash fertilizers help improve soil health and increase crop productivity, their consumption has increased significantly. The growing population has led to greater requirements for food which is expected to boost the growth of the potash fertilizers market over the forecast period.
Global Potash Fertilizers Market Is Estimated To Witness High Growth Owing To Increasing Demand For Food Production And Concern For Soil Fertility
The Global Potash Fertilizers Market Demand is estimated to be valued at US$ 21.64 Bn in 2022 and is expected to exhibit a CAGR of 4.4% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Potash fertilizers refer to fertilizers that contain potassium in water-soluble form. They are mainly used to increase crop yield, improve quality, and increase resistance to diseases and weather stresses. Potassium is an essential nutrient for plant growth and is required by plants in relatively large amounts. The primary crops where potash fertilizers see widespread applications include wheat, rice, maize, fruits & vegetables, sugar crops, fodder crops, and others. They help improve water uptake, nutrient uptake, enzyme activation, protein synthesis, and respiration in plants.
Market Dynamics:
Growing demand for food: With the growing global population, the demand for food is set to increase substantially over the coming years. This is anticipated to propel the demand for high-yielding and nutrient-dense crops, thereby augmenting the consumption of potash fertilizers across major agricultural economies. According to data from the United Nations, the world population is projected to reach nearly 10 billion by 2050.
Concern for soil fertility: Continuous cropping and imbalanced fertilization have led to depletion of soil nutrients like potassium over time. This has heightened awareness among farmers about maintaining soil health and fertility. Application of potash-rich fertilizers helps restore potassium levels in the soil and boosts its productivity. Various agricultural extension programs by government bodies are also promoting judicious usage of potash fertilizers.
Israel Chemicals Ltd., EuroChem Group A.G., Agrium Inc., Uralkali PJSC, Yara International A.S.A., Migao Corporation, Sesoda Corporation, SQM S.A., Brazil Potash Corporation, and K+S KALI GmbH are some of the leading players operating in the global potash fertilizers market. The market is concentrated and witnessed rising preference for complex fertilizers containing multiple nutrients like NPK.
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A new research study from “Data Bridge Market Research” with title Potash Fertilizers Market Insights 2019, Global Analysis and Forecast to 2026 provides an in-depth assessment of the Potash Fertilizers including key market trends, upcoming technologies, industry drivers, challenges, regulatory policies, key players company profiles and strategies.
Some of the leading key players profiled in this study: Yara International ASA, Agrium Inc., Potash Corporation of Saskatchewan Inc, Eurochem Group AG, The Mosaic Company, JSC Belaruskali, HELM AG, Israel Chemicals Ltd, Sociedad Química Y Minera De Chile S.A. (SQM), Borealis AG, Sinofert Holdings LimitedThe global potash fertilizers market is expected to reach USD 31.33 billion by 2025, from USD 21.69 billion in 2017 growing at a CAGR of 4.7% during the forecast period of 2018 to 2025.Get Sample Analysis of This Market Information: @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-potash-fertilizers-marketMarket Segmentation: Global Potash Fertilizers MarketThe global potash fertilizers market is segmented based on crop type, form, application and geographical segments.Based on crop type, the global potash fertilizers market is segmented into cereals & grains, oilseeds & pulses, fruits & vegetables and others.On the basis of application method, the global potash fertilizers market is classified into broadcasting, foliar, fertigationOn the basis of form, the global potash fertilizers market is classified into liquid, solid.Based on geography, the global potash fertilizers market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa.Market Definition:Potash is one of the three key fertilizer macronutrients which are required for the growth of the plant.
It is a natural substance constantly recycled in the earth.
Potash is derived from the name “pot ash” which means the plant ashes that are soaked in water in a pot.
Initially potassium was leached from wood ashes and concentrated by evaporating the leachate in large iron-pots.
Potash is a commonly found element in nature and is available in abundanceTop Manufacturers Covered in the Report:Some of the major players operating in the global potash fertilizers market are - Yara International ASA, Agrium Inc., Potash Corporation of Saskatchewan Inc, Eurochem Group AG, The Mosaic Company, JSC Belaruskali, HELM AG, Israel Chemicals Ltd, Sociedad Química Y Minera De Chile S.A. (SQM), Borealis AG, Sinofert Holdings Limited, K+S Aktiengesellschaft, Potash corporation, Mosaic, ICL Ltd, Uralkali, CF industries, Yara International ASA, Sociedad Qumica Y Minera De Chile S.A. (SQM), Sinofert Holdings Limited, The Mosaic Company, Agrium Inc, Eurochem Group AG, Israel Chemicals Ltd, JSC Belaruskali and many more.Any specific requirements are you looking for?
The report consists of all the detailed profiles for the Potash Fertilizers Market major manufacturers and importers who are influencing the market.
This market study includes drivers and restraints for the market along with the impact they have on the demand over the forecast period derived with the help of SWOT analysis.The global potash fertilizers market is expected to reach USD 31.33 billion by 2025, from USD 21.69 billion in 2017 growing at a CAGR of 4.7% during the forecast period of 2018 to 2025.Fill Out Details to Receive Sample Report Copy Here @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-potash-fertilizers-marketMarket Definition: Global Potash Fertilizers MarketPotash is one of the three key fertilizer macronutrients which are required for the growth of the plant.
It is stored in the soil and harvested as salt depositsMarket Segmentation: Global Potash Fertilizers MarketThe global potash fertilizers market is segmented based on crop type, form, application and geographical segments.Based on crop type, the global potash fertilizers market is segmented into cereals & grains, oilseeds & pulses, fruits & vegetables and others.On the basis of application method, the global potash fertilizers market is classified into broadcasting, foliar, fertigation On the basis of form, the global potash fertilizers market is classified into liquid, solid.Based on geography, the global potash fertilizers market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa.
Key Vendors operating in the Market:Some of the major players operating in the global potash fertilizers market are – Yara International ASA, Agrium Inc., Potash Corporation of Saskatchewan Inc, Eurochem Group AG, The Mosaic Company, JSC Belaruskali, HELM AG, Israel Chemicals Ltd, Sociedad Química Y Minera De Chile S.A. (SQM), Borealis AG, Sinofert Holdings Limited, K+S Aktiengesellschaft, Potash corporation, Mosaic, ICL Ltd, Uralkali, CF industries, Yara International ASA, Sociedad Qumica Y Minera De Chile S.A. (SQM), Sinofert Holdings Limited, The Mosaic Company, Agrium Inc, Eurochem Group AG, Israel Chemicals Ltd, JSC Belaruskali and many more.Some of the factors which are responsible for the growth of this potash fertilizers market in the forecast period of 2019- 2026 are:Increase in applicability of potash fertilizers: Potash are widely used in the agriculture because they have the ability to protect the plants from different diseases and pests.
These potash fertilizers are also used in wheat, vegetables, and corns which help them to improve the quality of the yield.Need for higher productivity using limited land area: Today, potash fertilizers are used in the limited land area so that one can enhance the production quality and get better results.
Potash is considered as one of the most essential macronutrients which are required for the plant growth.
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