Ammonium and Potassium Thiosulfate Market was worth USD xx billion in 2021 and is projected to grow at a CAGR of xx%, to reach USD xx billion by 2026. Ammonium thiosulfate is a great source of nitrogen and sulfur. It contains 26% of sulfur and 12% of nitrogen, both of which are major components of plant proteins. Potassium Thiosulfate is an excellent source of potash and sulfur. It contains 17% sulfur and 25% of potash. Potash is one of the most essential nutrients required by the plants.
Both ammonium and potassium thiosulfate are used as fertilizers in a variety of crops. Moreover, both are compatible with each other when mixed in any ratio. They can be applied as starter fertilizers for corn and other small seeded crops. They can be used on crops, ornamental shrubs and golf courses through soil, foliar, fertigation applications.
Ammonium and Potassium Thiosulfate Market Drivers:
Growing demand for water soluble macro nutrient fertilizers, compatibility of ammonium and potassium thiosulfate fertilizers with many crop protection chemicals and the wide range of applications of these products are driving the market growth. However, availability of various alternatives to these fertilizers and growing trend of organic agriculture are inhibiting the market growth.
REPORT METRIC |
DETAILS |
Market Size Available |
2020 – 2026 |
Base Year |
2020 |
Forecast Period |
2022 - 2027 |
CAGR |
xx% |
Segments Covered |
By Type, Application and Region. |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
Tessenderlo Group,Koch Fertilizer,Agrium,Martin Midstream Partners,Rentech Nitrogen,Poole Chem,Mears Fertilizer,Hydrite Chemical,Kugler,R.W. Griffin and Others. |
The Ammonium and Potassium Thiosulfate Market is segmented and sub-segmented into following categories:
Ammonium Thiosulfate and Potassium Thiosulfate.
Potassium thiosulfate holds the largest market share by a small margin due to its application as a starter and pop-up fertilizer apart from normal applications. Ammonium thiosulfate is widely applied using fertigation and foliar methods as it is widely available as liquid fertilizer. Potassium thiosulfate is applied using all three of the application methods and the method is chosen depending on the type of crop it is used on.
North America leads the ammonium and potassium thiosulfate market due to the high market penetration and high usage rate on corn crops. Asia Pacific is the fastest growing market due to the large demand for water soluble fertilizers in China and India.
Key Players:
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2500
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]