Potash Fertilizers Market By Crop Type (cereals & grains, oilseeds & pulses, fruits & vegetables and others), By Application (broadcasting, foliar, fertigation), By Form (liquid, and solid) and, By Region (North America, Europe, Asia-Pacific, Latin America and, Middle East & Africa)- Trends, Analysis and Forecast till 2030

The potash fertilizers market accounted for USD 24.8 Billion in 2020 and is estimated to be USD 37.32 Billion by 2030 and is anticipated to register a CAGR of 4.2%.

Potash (Potassium chloride KCL) is mainly used as agricultural fertilizer because it is an excellent source of soluble potassium, one of the three primary plant macronutrients along with nitrogen and phosphorus. Potash was originally made by cooking the ashes from hardwood trees, but you can also make potash using animal manure and water. Fertilizers that are produced for specific plants, such as rose fertilizer and tomato fertilizer, are rich in potash and also have other minerals that these plants need. The potash is a potassium-based product, mainly used as a fertilizer to increase the water retention in plants. It also helps to increase crop yield, improve taste and further helps plants to resist diseases.

The common type of potash fertilizers used are muriate of potash and sulfate of potash. The potassium is an essential mineral required for human well-being. Moreover, potassium is also a fundamental compound for plant’s health and there must be a satisfactory supply in the soil to keep up the plant’s growth. When the potassium supply is constrained, plants produce low quality, have decreased yields, use less water productively, and are more prone to disease damage and pest.

Rising demand of healthy lifestyle

The global potash fertilizers demand is anticipated to increase on account of rising food consumption, rising population and the need to maintain a clean and healthy lifestyle. The potash fertilizers are used for enhancing crop growth by providing essential nutrition content. The addition of potash fertilizers helps in the overall improvement of plant quality and also increases its shelf life. The improvement in the standard of living and initiative undertaken by government to modernize farming and increase agricultural productivity leads to a rise in demand for potash fertilizers over the forecasted period. the crop variance and climatic conditions of different regions play a very important role in stimulating potash fertilizer market growth.

The rising demand for crops in other applications including production of biofuel is expected to play an important role in augmenting the potash fertilizers market growth.  Further, stringent government regulation for approval of potash fertilizers is expected to hamper growth of the target market over the forecast period. In addition, rising trends towards organic farming is another factor expected to limit growth of the potash fertilizers market over the forecast period.

However, traditional method of fertilizing the crops is expected to hamper the growth of the target market.

The potash fertilizers market is segmented based on crop type, application, form and region.

On the basis of crop type, the potash fertilizers market is sub segmented into cereals & grains, oilseeds & pulses, fruits & vegetables and others. On the basis of application method, the potash fertilizers market is sub segmented into broadcasting, foliar, fertigation.  On the basis of form, the potash fertilizers market is divided into liquid, and solid.

Regional Insights:

The potash fertilizers market accounted for US$ 24.8 billion in 2020 and is estimated to be US$ 37.32 billion by 2030 and is anticipated to register a CAGR of 4.2%. On region the potash fertilizers market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The global potash fertilizer market is dominated by Europe owing to technological developments in the farming sector. Asia Pacific is expected to lead the potash fertilizers market, attributed to the growing demand for potash fertilize

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the potash fertilizers market report based on crop type, application, form, and region.

Potash Fertilizers Market, By Region:

• North America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • U.S.
  • Canada

The key players operating in the potash fertilizers market includes Yara International ASA, Potash Corporation of Saskatchewan Inc., Israel Chemical Ltd., K S Aktiengesellschaft, Sociedad Química Y Minera De Chile, The Mosaic Company, Eurochem Group AG, JSC Belaruskali, Sinofert Holdings Limited.

Eurochem Group AG:

EuroChem Group a leading global fertilizer company, announces the signing of an agreement to acquire the Serra do Saltire phosphate project in Brazil, strengthening the Group’s production and distribution capabilities in one of the world’s most important crop nutrient markets.

• Yara International ASA
• Potash Corporation of Saskatchewan Inc.
• Israel Chemical Ltd.
• K S Aktiengesellschaft
• Sociedad Química Y Minera De Chile
• The Mosaic Company
• Eurochem Group AG
•  JSC Belaruskali
• Sinofert Holdings Limited.