Global Potash Fertilisers Market to Grow at a CAGR of 4.48% During 2024-2032, Aided by the Growing Crop Production Activities

The global potash fertilisers industry is being driven by the growing need for effective and improved fertiliser solutions to support healthy crop production. This can be attributed to the rise in crop production activities, spurred by the rising global population and their subsequent food demands, especially in countries like India and China. To improve crop yield, farmers are increasingly adopting nutrient management techniques. In addition, this trend is further anticipated to be fuelled by the growing government investments in the agriculture sector aimed at increasing yield potential. Furthermore, potash fertilisers find increased applications as they offer improved nutrient value, enhanced water retention, and improved pathogen and disease resistance to a wide variety of crops. Moreover, the increasing issues related to nitrogen pollution are also leading to the adoption of potash fertilisers, which help increase nitrogen use efficiency.

The heightened investments by the leading market players in the development of new potash fertiliser products are expected to positively impact the market growth in the coming years. For instance, the Mosaic Company (NYSE: MOS) offers Pure Potash fertiliser, which comprises little impurities and insolubles that help provide balanced crop nutrition with easy and cost-effective delivery. Meanwhile, ICL Group Ltd. (NYSE: ICL), a leading potash fertiliser manufacturer, offers ready-to-use fertilisers that have superior properties and offer improved crop yield, drought tolerance, and improved stem rigidity, among others. The company offers granular, fine, and standard potash fertiliser variants.

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Market Breakup by Form, Type, Crop Type, Application, and Region:

• The market is divided, based on form, into solid and liquid.

• On the basis of type, the market can be distributed into potassium chloride, sulphate of potash (SOP), and potassium nitrate, among others.

• Based on crop type, the industry is segregated into pulses and oilseeds, cereals and grains, and fruits and vegetables, among others. 

• The industry is segmented, on the basis of application, into broadcasting, foliar, and fertigation.

• Region-wise, the global market for potash fertilisers can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The global market for potash fertilisers is being driven by the rising demand for improved and effective fertilisers in the agriculture sector.

• The growing food demands, fuelled by the rising global population have significantly contributed to the market expansion. 

• The growing government focus on supporting crop production activities is also adding to the industry growth. 

• The rising research and development activities by the market players to offer improved crop nutrient management solutions are further propelling the market growth.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for potash fertilisers for the periods (2018-2023) and (2024-2032).

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the forms, types, crop types, applications, and regions of potash fertilisers.

• It assesses the regional price trends for the (2018-2023) and (2024-2032) periods.

• The market report also analyses the trade data by covering the major importing and exporting countries.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global potash fertilisers market are Nutrien Ltd., The Mosaic Company, Sinofert Holdings Limited, K+S Aktiengesellschaft, and EuroChem Group AG, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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