Global Potash Fertilizers Market is projected to reach USD 26.90 Billion by 2023 at a CAGR of over 5% owing to the increasing use of potash fertilizers by farmers globally. Moreover, the growing requirement for maximizing the crop yield to supply the increasing food demand from the growing population coupled with the rising need for minimizing crop loss and wastage due to insect and other pest attacks will drive the market during the forecast period.
Important Factors of the Potash Fertilizer Market
Based on the type, the potassium chloride segment is anticipated to lead the market during the forecast period. Potassium plays an important role in increasing the protein, vitamin C, and starch content in grains & tubers improving fruit color & flavor, and reducing the incidences of pests & diseases. Based on the crop type, the cereals and oilseed segment are expected to lead the market in the next five years, as the demand for cereals has been constantly growing with the growing population. Asia-Pacific leads the Potash Fertilizers market and is expected to maintain its position in the next five years, due to growing agricultural practices and the requirement for high-quality agricultural produce.
Years considered for this report for Potash Fertilizers Market
- Historical Years: 2013-2016
- Base Year: 2017
- Estimated Year: 2018
- Forecast Period: 2018–2023
The objective of the Study of Potash Fertilizers Market
- To analyze and forecast the market size of the Global Potash Fertilizers Market, in terms of value and volume.
- To classify and forecast Global Potash Fertilizers based on type, form, crop type, application method, and regional distribution.
- To identify drivers and challenges for Global Potash Fertilizer Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Potash Fertilizers Market.
- To conduct the pricing analysis for Global Potash Fertilizers Market.
- To identify and analyze the profile of leading manufacturers involved in the Global Potash Fertilizers Market.
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Some of the leading players in the Global Potash Fertilizers Market
- BASF SE
- Syngenta Crop Protection AG
- Nufarm Limited
- Bayer AG
- Platform Specialty Products Corporation
- Sumitomo Corporation
- E.I. Du Pont De Nemours and Company
- FMC Corporation
- Certis Europe LLC
- Novozymes A/S, etc.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the distribution channels and presence of all major manufacturers across the globe.
TechSci Research calculated the market size of the Global Potash Fertilizers Market using a bottom-up approach, where value data for power lines were recorded and forecasted for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated them by analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as the company website, news articles, press releases, company annual reports, investor presentations, and financial reports were also used by TechSci Research.
Key Target Audience for Potash Fertilizers Market
- Potash Fertilizers Manufacturers.
- Dealers and Suppliers
- Traders and Distributors
- Industrial associations
- Research organizations and consulting companies.
- Government Institutions.
- Market research and consulting firms.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, vendors, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope of Potash Fertilizers Market
In this report, Global Potash Fertilizer Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
- Market, By Type:
- Potassium Chloride (KCL)
- Sulphate of Potash (SOP)
- Potassium Nitrate
- Others
- Market, By Form:
- Liquid
- Solid
- Market, By Crop Type:
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
- Others
- Market, By Application Method:
- Broadcasting
- Foliar
- Fertigation
- Market, by Region:
- Asia Pacific
- China
- India
- Japan
- South Korea
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- Australia
- Singapore
- Malaysia
- Europe & CIS
-
- France
- Germany
- United Kingdom
- Italy
- Spain
-
- North America
- United States
- Mexico
- Canada
-
- South America
- Brazil
- Argentina
- Colombia
-
- Middle East and Africa
- South Africa
- Saudi Arabia
- UAE
- Qatar
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