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The North America liquid potassium fertilizers market size reached a volume of 2.44 MMT in 2023. During the forecast period of between 2024 and 2032, the market is expected to grow at a CAGR of 1.70% to reach a volume of around 2.83 MMT by 2032.
Liquid potassium fertilizers were created specifically for to give plants the nutrients they need during the initial phases of growth. These fertilizers can help with a plant's growth and general health and are frequently applied when seeding or transplanting new plants. Liquid potassium fertilizers come in a wide variety of forms, but all of them serve the same purpose: to give plants a good start.
Based on type, the market is segmented into organic and synthetics. The market on the basis of composition can be divided into potassium chloride, potassium hydroxide, and potassium thiosulfate, among others. On the basis of crop type, the market can be segmented into pulses and oilseeds, cereals and grains, and fruits and vegetables, among others. Based on application, the North America liquid potassium fertilizers market is categorised into broadcasting, foliar, and fertigation, among others. The major countries in the liquid potassium fertilizers market in North America are the United States, Canada, and Mexico.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the North America liquid potassium fertilizers market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
In the span of the forecast period, the North America liquid potassium fertilizers market is anticipated to be dominated by the fruits and vegetable segment. Fruit consumption has significantly increased in the past few years, and it is predicted that this trend will continue in the coming years.
Increasing fruit and vegetable exports have boosted agricultural plantation area, which has resulted in higher output levels. As a result, it is projected that the market for liquid potassium fertilizers and pesticides for fruits and vegetables will grow significantly. In addition, consumers' increased concern for their health is driving up demand for fruits and vegetables, which is in turn driving up demand for liquid potassium fertilizers in North America.
Fertigation is anticipated to account for a significant portion of the North America liquid potassium fertilizers market due to its many advantages. It is a lucrative farming method that uses irrigation to apply fertilizer and water. The fertigation process minimises product waste by effectively distributing fluid nutrients to the crop's roots.
Additionally, the development of sophisticated administrative systems effectively manage the fertigated agricultural area and reduce operational expenses through the effective use of liquid fertilizers. The entire process presents a valuable potential to improve land productivity while reducing environmental pollutants. The need for such techniques is growing as a result of increased focus by governments in the region and public awareness, driving the market growth for fertigation during the upcoming period.
The Mosaic Company is a leader in the global crop nutrition market founded in 2004 with its headquarters in Florida in the United States. It has the capacity to mass produce and transport phosphate and potash, two essential agricultural fertilizers. From resource extraction to the creation of feed, industrial goods, and crop nutrients for customers around the world, Mosaic is involved in every stage of crop nutrition.
Koch Industries, Inc., with corporate headquarters in Kansas, United States, has been active in a number of sectors, including fertilizers, refining, minerals, chemicals and biofuels, forest and consumer products, energy, polymers and fibres, process and pollution control equipment and technologies, information systems, commodity trading, glass, ranching, and investments. The company was established in 1940.
AgroLiquid is a fertilizer business that is focused on research. It was founded in 1983 and has its headquarters in Michigan in the United States. It produces plant nutrition products and offers top-notch support to crop operations—large and small—all over the United States and the rest of the world.
Other market players include Oxiteno, Nutrein, Nufarm, and Nachurs Alpine Solutions, LLC, among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Composition |
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Breakup by Crop Type |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 North America Liquid Potassium Fertilizers Market Analysis
8.1 Key Industry Highlights
8.2 North America Liquid Potassium Fertilizers Historical Market (2018-2023)
8.3 North America Liquid Potassium Fertilizers Market Forecast (2024-2032)
8.4 North America Liquid Potassium Fertilizers Market by Type
8.4.1 Organic
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Synthetics
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.5 North America Liquid Potassium Fertilizers Market by Composition
8.5.1 Potassium Chloride
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Potassium Hydroxide
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Potassium Thiosulfate
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.5.4 Others
8.6 North America Liquid Potassium Fertilizers Market by Crop Type
8.6.1 Pulses and Oilseeds
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Cereals and Grains
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Fruits and Vegetables
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Others
8.7 North America Liquid Potassium Fertilizers Market by Application
8.7.1 Broadcasting
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 Foliar
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.7.3 Fertigation
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2023)
8.7.3.3 Forecast Trend (2024-2032)
8.7.4 Others
8.8 North America Liquid Potassium Fertilizers Market by Country
8.8.1 Market Share
8.8.1.1 United States
8.8.1.2 Canada
8.8.1.3 Mexico
9 Regional Analysis
9.1 United States
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Mexico
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 The Mosaic Company
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Koch Industries, Inc.
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 AgroLiquid
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Oxiteno
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Nutrein
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Nufarm
11.2.6.1 Company Overview
11.2.6.2 Product Portfolio
11.2.6.3 Demographic Reach and Achievements
11.2.6.4 Certifications
11.2.7 Nachurs Alpine Solutions, LLC,
11.2.7.1 Company Overview
11.2.7.2 Product Portfolio
11.2.7.3 Demographic Reach and Achievements
11.2.7.4 Certifications
11.2.8 Others
12 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America Liquid Potassium Fertilizers Market: Key Industry Highlights, 2018 and 2032
2. North America Liquid Potassium Fertilizers Historical Market: Breakup by Type (KMT), 2018-2023
3. North America Liquid Potassium Fertilizers Market Forecast: Breakup by Type (KMT), 2024-2032
4. North America Liquid Potassium Fertilizers Historical Market: Breakup by Composition (KMT), 2018-2023
5. North America Liquid Potassium Fertilizers Market Forecast: Breakup by Composition (KMT), 2024-2032
6. North America Liquid Potassium Fertilizers Historical Market: Breakup by Crop Type (KMT), 2018-2023
7. North America Liquid Potassium Fertilizers Market Forecast: Breakup by Crop Type (KMT), 2024-2032
8. North America Liquid Potassium Fertilizers Historical Market: Breakup by Application (KMT), 2018-2023
9. North America Liquid Potassium Fertilizers Market Forecast: Breakup by Application (KMT), 2024-2032
10. North America Liquid Potassium Fertilizers Historical Market: Breakup by Country (KMT), 2018-2023
11. North America Liquid Potassium Fertilizers Market Forecast: Breakup by Country (KMT), 2024-2032
12. North America Liquid Potassium Fertilizers Market Structure
In 2023, the liquid potassium fertilizers market in North America attained a volume of nearly 2.44 MMT.
The market is projected to grow at a CAGR of 1.70% between 2024 and 2032.
The North America liquid potassium fertilizers market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach 2.83 MMT by 2032.
The major drivers of the market include low-cost fertilizer production, rising demand for agrochemicals, increasing demand for crop nutrition, increasing awareness among farmers about the benefits of using liquid potassium fertilizers, and increased demand for crops such as corn and wheat, among others.
The rising farmer knowledge of soil profile, changes in dietary patterns, and growing popularity of commercial agriculture are the key industry trends propelling the growth of the market.
The major players in the industry are The Mosaic Company, Koch Industries, Inc., AgroLiquid, Oxiteno, Nutrein, Nufarm, and Nachurs Alpine Solutions, LLC, among others.
Kelp is a good source of potassium in liquid fertilizers since it has 4% to 13% potassium by weight.
Liquid potash, which is high in potassium, is suited for fruiting plants including citrus and tomatoes, and flowers. It provides potassium in a form that is simple for plants to absorb, can be applied to both soil and leaves, and delivers benefits quickly.
The primary types of liquid potassium fertilizers in North America are organic and synthetics.
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