Market Trends And Opportunities In Global Potash Fertilizers Market Up To 2022 – Report By Market Data Forecast.

Market Trends And Opportunities In Global Potash Fertilizers Market Up To 2022 – Report By Market Data Forecast.

ID: 6480 | October 2018 | Region: Global

The Potash Fertilizers Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Potash Fertilizers Market is estimated to be USD 21.6 billion in 2017 and predicted to rise to USD 27.05 billion by 2022 with a CAGR of 4.6%. The market is segmented by Product Type (Sulfate of Potash, Potassium Chloride and Potassium Nitrate), by Crop Type (Fruits and Vegetables, Cereals and Grains and Oilseeds and pulses), by Form (Solid and Liquid), by Application Method (Foliar, Broadcasting and Fertigation). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.

Decrease of potash content in many of the agricultural soils due to the aggressive farming over the years has increased the demand for potash fertilizers. Increasing requirement to enhance the yield of the crops in the limited land, increasing food demand due to the growing population and increasing in government initiatives to increase agricultural productivity are driving the market growth. However, volatility of prices of potash fertilizers and growing demand for organic crop cultivation are hindering the market growth.

By product type, Sulfate of potash is the most common type of potash fertilizer used by farmers and hence this segment holds the largest share in the market. By crop type, Fruits and vegetables segment hold the largest market share because due to the major role of potassium in uptake of water and water retention. Also, it improves the nutrient value of the fruits and vegetables. By Application method, Fertigation segment is the fastest growing method of fertilizer application due to the increasing demand for micro irrigation in agriculture, especially in large scale farming.

Asia Pacific leads the Potash Fertilizers market. It is due to the large usage of potash fertilizers in China and India which are the countries with large agricultural land. Latin America region is projected to be the fastest growing market due to the increasing market penetration of water soluble fertilizers in countries such as Brazil and Argentina.

Some of the major players in Potash Fertilizers market are Eurochem, Israel Chemicals Ltd, Yara International ASA, K+S Aktiengesellschaft, SQM, The Mosaic Company, Sinofert Holdings, Agrium Inc, CF industries, and Potash Corporation.

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