Introduction
Potash fertilizers can be used for many different applications including rice, vegetables, fruits, sugarcane, palm oil, soybean and cotton. It helps in increasing crop yield, nutrient value, and enhances water retention levels and make crops resistant to diseases and harmful pathogens. Potash fertilizers improve the color and flavor of fruit, increases its size, and reduces the occurrence of pests and diseases In addition, it helps in improving the taste and texture of fruit, which is the primary function of potash fertilizer.
Market Dynamics
The development of potash fertilizer market can be accredited to the need for advanced productivity and increase in the applicability of potash fertilizers. Potash fertilizers are the most widely used source of potassium for agricultural crops other than naturally available potassium present in soil. Apart from this, Potash (MOP) has been referred to as muriate and has great nutrient absorption. Potash fertilizers are used to increase nutrient growth in crops and improve the overall quality of plants. Majority of crops such as plantation crop, and horticulture are fertilized with potassium chloride which is a key driver for the growth of this market. Although the use of potash fertilizer is increasing for potable plants, excessive use results in reducing the soil fertility, and in turn, causes depletion of crop yield in long term. Also, due to price fluctuation, the demand for potash fertilizer has slowed down during the global financial crisis and has been hindering the market growth. The demand for organic food and food products has restrained the use of chemical fertilizers, thus hindering the growth of potash fertilizers.
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Market Classification
The Potash Fertilizer Market is bifurcated into crop type, application, type, form and geography. On the basis of crop type, the market is classified into fruits & vegetables, oilseeds & pulses, cereals & grains and others (sugarcane, sugar beet, and fiber crops). On the basis of application, the market is classified into fertigation, foliar and broadcasting. On the basis of type, the market is classified into potassium nitrate, potassium chloride, sulfate of potash (SOP) and others. On the basis of physical form, the market is classified into liquid and solid. Based on geography, market is divided into North America, Latin America, Europe, Asia-Pacific and Middle East & Africa.
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Report Coverage
Market Potash Fertilizers Market
Analysis Period 2014 – 2024
Historic Data 2014 – 2015
Base Year 2016
Forecast Data 2017 – 2024
Market Stratification Crop Type, Application, Type, Physical Form, Geography
Regional Scope North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)
Report Coverage Market Trends, Drivers, Restraints, Porter’s Five Forces Analysis, Competitive Analysis, Player Profiling, Value Chain Analysis
Market Participants
Some of the leading market players in the potash fertilizer market are Potash Corporation of Saskatchewan, Agrium Inc., EuroChem Group AG, Sinofert Holdings Limited, K+S AG, The Mosaic Company, Yara International ASA, Israel Chemicals Ltd., JSC Belaruskali, HELM AG, Sociedad Química y Minera de Chile S.A (SQM), and Borealis AG among others.
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Market Segmentation
Market By Crop Type
Fruits & vegetables
o Apple
o Tomato
o Citrus
o Others (Brassica and berry)
Oilseeds & pulses
o Soybean
o Canola
o Sunflower
o Others (Peas and palm oil)
Cereals & grains
o Rice
o Corn
o Wheat
o Barley
Others (Sugarcane, sugar beet, and fiber crops)
Market By Application
Fertigation
Foliar
Broadcasting
Market By Type
Potassium nitrate
Potassium chloride
Sulfate of Potash (SOP)
Others
Market By Physical Form
Liquid
Solid
Market By Geography
North America
o US
o Canada
o Mexico
Europe
o UK
o Germany
o France
o Rest of Europe
Asia-Pacific
o China
o Japan
o India
o Australia
o Rest of Asia-Pacific
Latin America
o Brazil
o Rest of Latin America
Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o Rest of MEA
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