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Global Potash Fertilisers Market to Grow at a CAGR of 4.48% During 2022-2027, Aided by the Growing Crop Production Activities

Potash Fertilizers Market

Global Potash Fertilizers Market: By Form: Solid, Liquid; By Type: Potassium Chloride, Sulphate of Potash (SOP), Potassium nitrate, Others; By Crop Type: Pulses and Oilseeds, Others; By Application; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Potash Fertilizers Market Outlook

The global potash fertilizers market attained a value of nearly USD 27.07 billion in 2022. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 4.48% to reach about USD 35.15 billion by 2028.             

 

Global Potash Fertilisers Market
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The Asia Pacific to Hold the Largest Market Share For Global Potash Fertilizers Industry

The largest market share was held by the Asia Pacific region, which may be attributed to the high population in the region, which has resulted in rising demand for food grains and improved awareness among farmers about the efficient use of land through fertilizers. Due to an increase in the consumption of vegetable crops that require potash fertilizers to maintain their potassium content, the Asia Pacific is expected to be the fastest-growing region, fueling the expansion of the potassium fertilizers industry in the region.

Production is likely to expand significantly in China and India. Meanwhile, Brazil continues to dominate the Latin America market. Because of the growing demand for higher agricultural yields and productivity, Brazil is forecast to be the largest consumer and producer of potash fertilizer over the forecast period.

 

Potash Fertilizers: Market Segmentation

Potassium is a critical soil element and one of the most important NPK fertilizer components. Because potassium reacts aggressively to water, it does not exist naturally in the environment. Potassium fertilizer is sometimes referred to as "potash," a phrase that comes from an early manufacturing process in which potassium was purified from wood ashes and concentrated by dissipating the leachate in massive iron pots.

 

Global Potash Fertilisers Market by Segment

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The major forms of potash fertilizers are:

  • Solid
  • Liquid

The major types of potash fertilizers are:

  • Potassium Chloride
  • Sulphate of Potash (SOP)
  • Potassium nitrate
  • Others

The segmentation based on crop type are:

  • Pulses and Oilseeds
  • Cereals and Grains
  • Fruits and Vegetables
  • Others

The market can be broadly categorised on the basis of its applications into:

  • Broadcasting 
  • Foliar 
  • Fertigation

The EMR report looks into the regional markets of potash fertilizers like North America, the Asia Pacific, Latin America, Europe, and the Middle East and Africa.

 

Global Potash Fertilisers Market by Region

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Various Applications of Potash Fertilizers to Augment the Market Growth

Potash fertilizers are used in various crops, including rice, vegetables, fruits, sugar, palm oil, soybeans, and cotton, due to its capacity to increase crop output, productivity, nutrient value, water retention, and disease and pathogen resistance. Furthermore, the application of potash fertilizer improves the soil colour, taste, and texture of food crops, which is the major function of potash fertilizer. This feature has aided the rise of potash fertilizers to a significant extent, particularly in agriculture-driven markets such as India. In addition, the increasing demand for food, along with the rising demand for potash for fertilizer production, is attributed to the considerable growth of the global population. These factors are enhancing the market growth of potash fertilizers.

 

Key Industry Players in the Global Potash Fertilizers Market

The report presents a detailed analysis of the following key players in the global potash fertilizers market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Nutrien Ltd.
  • The Mosaic Company
  • Sinofert Holdings Limited
  • K+S Aktiengesellschaft
  • EuroChem Group AG
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Form, Type, Crop Type, Application, Region
Breakup by Form Solid, Liquid
Breakup by Type Potassium Chloride, Sulphate of Potash (SOP), Potassium nitrate, Others
Breakup by Crop Type Pulses and Oilseeds, Cereals and Grains, Fruits and Vegetables, Others
Breakup by Application Broadcasting, Foliar, Fertigation
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Trade Data Analysis Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Nutrien Ltd., The Mosaic Company, Sinofert Holdings Limited, K+S Aktiengesellschaft, EuroChem Group AG, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*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    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Potash Fertilizers Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Potash Fertilizers Historical Market (2018-2022) 
    8.3    Global Potash Fertilizers Market Forecast (2023-2028)
    8.4    Global Potash Fertilizers Market by Form
        8.4.1    Solid
            8.4.1.1    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028)
        8.4.2    Liquid
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
    8.5    Global Potash Fertilizers Market by Type
        8.5.1    Potassium Chloride
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    Sulphate of Potash (SOP)
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028)
        8.5.3    Potassium nitrate
            8.5.3.1    Historical Trend (2018-2022)
            8.5.3.2    Forecast Trend (2023-2028)
        8.5.4    Others
    8.6    Global Potash Fertilizers Market by Crop Type
        8.6.1    Pulses and Oilseeds
            8.6.1.1    Historical Trend (2018-2022)
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Cereals and Grains
            8.6.2.1    Historical Trend (2018-2022)
            8.6.2.2    Forecast Trend (2023-2028)
        8.6.3    Fruits and Vegetables
            8.6.3.1    Historical Trend (2018-2022)
            8.6.3.2    Forecast Trend (2023-2028)
        8.6.4    Others
    8.7    Global Potash Fertilizers Market by Application
        8.7.1    Broadcasting
            8.7.1.1    Historical Trend (2018-2022)
            8.7.1.2    Forecast Trend (2023-2028)
        8.7.2    Foliar
            8.7.2.1    Historical Trend (2018-2022)
            8.7.2.2    Forecast Trend (2023-2028)
        8.7.3    Fertigation
            8.7.3.1    Historical Trend (2018-2022)
            8.7.3.2    Forecast Trend (2023-2028)    
    8.8    Global Potash Fertilizers Market by Region
        8.8.1    North America
            8.8.1.1    Historical Trend (2018-2022) 
            8.8.1.2    Forecast Trend (2023-2028)
        8.8.2    Europe
            8.8.2.1    Historical Trend (2018-2022) 
            8.8.2.2    Forecast Trend (2023-2028)
        8.8.3    Asia Pacific
            8.8.3.1    Historical Trend (2018-2022) 
            8.8.3.2    Forecast Trend (2023-2028)
        8.8.4    Latin America
            8.8.4.1    Historical Trend (2018-2022) 
            8.8.4.2    Forecast Trend (2023-2028)
        8.8.5    Middle East and Africa
            8.8.5.1    Historical Trend (2018-2022) 
            8.8.5.2    Forecast Trend (2023-2028)
9    North America Potash Fertilizers Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2022) 
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022) 
        9.2.2    Forecast Trend (2023-2028)
10    Europe Potash Fertilizers Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2022) 
        10.1.2    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Historical Trend (2018-2022) 
        10.2.2    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Historical Trend (2018-2022) 
        10.3.2    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Historical Trend (2018-2022) 
        10.4.2    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Potash Fertilizers Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2022) 
        11.1.2    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Historical Trend (2018-2022) 
        11.2.2    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Historical Trend (2018-2022) 
        11.3.2    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2022) 
        11.4.2    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Historical Trend (2018-2022) 
        11.5.2    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Potash Fertilizers Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2022) 
        12.1.2    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2022) 
        12.2.2    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2022) 
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Potash Fertilizers Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2022) 
        13.1.2    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2022) 
        13.2.2    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2022) 
        13.3.2    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2022) 
        13.4.2    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Trade Data Analysis (HS Code- 310420)
    16.1    Major Importing Countries
        16.1.1    By Volume
        16.1.2    By Value
    16.2    Major Exporting Countries
        16.2.1    By Volume
        16.2.2    By Value
17    Price  Analysis
    17.1    North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
    17.2    Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
    17.3    Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
    17.4    Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
    17.5    Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
18    Competitive Landscape
    18.1    Market Structure
    18.2    Company Profiles
        18.2.1    Nutrien Ltd.
            18.2.1.1    Company Overview
            18.2.1.2    Product Portfolio
            18.2.1.3    Demographic Reach and Achievements
            18.2.1.4    Certifications
        18.2.2    The Mosaic Company
            18.2.2.1    Company Overview
            18.2.2.2    Product Portfolio
            18.2.2.3    Demographic Reach and Achievements
            18.2.2.4    Certifications
        18.2.3    Sinofert Holdings Limited
            18.2.3.1    Company Overview
            18.2.3.2    Product Portfolio
            18.2.3.3    Demographic Reach and Achievements
            18.2.3.4    Certifications
        18.2.4    K+S Aktiengesellschaft
            18.2.4.1    Company Overview
            18.2.4.2    Product Portfolio
            18.2.4.3    Demographic Reach and Achievements
            18.2.4.4    Certifications
        18.2.5    EuroChem Group AG
            18.2.5.1    Company Overview
            18.2.5.2    Product Portfolio
            18.2.5.3    Demographic Reach and Achievements
            18.2.5.4    Certifications
        18.2.6    Others
19    Key Trends and Developments in the Market

 

Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operation Involved

 

List of Key Figures and Tables

1.    Global Potash Fertilizers Market: Key Industry Highlights, 2018 and 2028
2.    Global Potash Fertilizers Historical Market: Breakup by Form (USD Billion), 2018-2022
3.    Global Potash Fertilizers Market Forecast: Breakup by Form (USD Billion), 2023-2028
4.    Global Potash Fertilizers Historical Market: Breakup by Type (USD Billion), 2018-2022
5.    Global Potash Fertilizers Market Forecast: Breakup by Type (USD Billion), 2023-2028
6.    Global Potash Fertilizers Historical Market: Breakup by Crop Type (USD Billion), 2018-2022
7.    Global Potash Fertilizers Market Forecast: Breakup by Crop Type (USD Billion), 2023-2028
8.    Global Potash Fertilizers Historical Market: Breakup by Application (USD Billion), 2018-2022
9.    Global Potash Fertilizers Market Forecast: Breakup by Application (USD Billion), 2023-2028
10.    Global Potash Fertilizers Historical Market: Breakup by Region (USD Billion), 2018-2022
11.    Global Potash Fertilizers Market Forecast: Breakup by Region (USD Billion), 2023-2028
12.    North America Potash Fertilizers Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    North America Potash Fertilizers Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Europe Potash Fertilizers Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Europe Potash Fertilizers Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Asia Pacific Potash Fertilizers Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Asia Pacific Potash Fertilizers Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Latin America Potash Fertilizers Historical Market: Breakup by Country (USD Billion), 2018-2022
19.    Latin America Potash Fertilizers Market Forecast: Breakup by Country (USD Billion), 2023-2028
20.    Middle East and Africa Potash Fertilizers Historical Market: Breakup by Country (USD Billion), 2018-2022
21.    Middle East and Africa Potash Fertilizers Market Forecast: Breakup by Country (USD Billion), 2023-2028
22.    Major Importing Countries by Volume (2020)
23.    Major Exporting Countries by Volume (2020)
24.    Major Importing Countries by Value (2020)
25.    Major Exporting Countries by Value (2020)
26.    North America Historical Price Trends and Forecast 2018-2028
27.    Europe Historical Price Trends and Forecast 2018-2028
28.    Asia Pacific Historical Price Trends and Forecast 2018-2028
29.    Latin America Historical Price Trends and Forecast 2018-2028
30.    Middle East and Africa Historical Price Trends and Forecast 2018-2028
31.    Global Potash Fertilizers Market Structure

Key Questions Answered in the Report

What was the global potash fertilizers market size in 2022?

The global potash fertilizers market attained a value of nearly USD 27.07 billion in 2022.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 4.48% between 2023 and 2028.

What is the forecast outlook of the market for 2023-2028?

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 35.15 billion by 2028.             

What are the major industry drivers?

Major drivers of the market include increasing demand for food, rapid urbanisation, and growing consumer health consciousness.

What are the key industry trends of the global potash fertilizers market?

The market is expected to be defined by the growing technological innovations in the industry.

What are the major regional markets of potash fertilizers, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the significant forms of potash fertilizers?

The significant forms of potash fertilizer in the market are solid and liquid.

What are the various types of potash fertilizers in the industry?

The various types of potash fertilizers in the industry are potassium chloride, sulphate of potash (SOP), and potassium nitrate, among others.

What are the various crop types in the market?

The various crop types in the market are pulses and oilseeds, cereals and grains, and fruits and vegetables, among others.

What are the various applications of potash fertilizers?

The various applications of potash fertilizers include broadcasting, foliar, and fertigation.

Who are the key industry players, according to the report?

The major players in the industry are Nutrien Ltd, The Mosaic Company, Sinofert Holdings Limited, K+S Aktiengesellschaft, and EuroChem Group AG, among others.

Analyst Review

The global potash fertilizers market attained a value of about USD 27.07 billion in 2022, driven by the increasing demand for food. Aided by the rising consumer health consciousness, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 4.48%. The market is projected to reach approximately USD 35.15 billion by 2028.             

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of its form, the market is divided into solid and liquid. Based on its types, the global potash fertilizers industry can be segmented into potassium chloride, sulphate of potash (SOP), and potassium nitrate, among others. On the basis of crop type, the industry is divided into pulses and oilseeds, cereals and grains, and fruits and vegetables, among others. Based on its application, the market is segmented into broadcasting, foliar, and fertigation. The major regional markets for potash fertilizers are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Nutrien Ltd, The Mosaic Company, Sinofert Holdings Limited, K+S Aktiengesellschaft, and EuroChem Group AG, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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