Published by Coherent Market Insights
Posted on September 27, 2021
Global potash fertilizers market was valued at US$ 21.64 Bn in 2018 and is expected to exhibit a CAGR of 4.4%, in terms of value over the forecast period (2019-2027), and expected to reach US$ 32.08 Bn by 2027.
Potassium (K), which is often referred to as Potash, which is one of the essential nutrient used in the fertilizer industry. The increasing demand for food grains as well as fruits & vegetables are expected to drive growth of the global potash fertilizers market over the forecast period. Potash fertilizers offers advantages such as prevention of infection of plants from pests and other microbes. Potash fertilizers also helps to adapt to weather conditions, helps in absorbing more minerals from the soil, and strengthens the tree stalks. According to the Fertilizers Institute, Washington, potassium is one of the “Big 3” primary nutrients, which plays a fundamental role in the plant nutrition process.
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Potash fertilizers are applied on various crop types such as cereals & grains, oilseeds & pulses, and fruits & vegetables. Cereals & grains crop type amounted for the largest demand for potash fertilizers globally, followed by oilseeds & pulses. For instance, according to the Food and Agriculture Organization (FAO), the world production of cereals reached a record high of 2,715 million tons in 2019, a 2.3% rise as compared to 2018.
Major restraints for potash fertilizers market include increasing usage of natural fertilizers in organic farming operations. For instance, according to a research article published by University of Calabar, the combination of NPK with neem fertilizer (60 kg N/ha NPK + 60 kg N/ha) significantly increased the yield of Okra during the research studies.
Major players operating in the global potash fertilizers market include Israel Chemicals Ltd., EuroChem Group A.G., Agrium Inc., Uralkali PJSC, Yara International A.S.A., Migao Corporation, Sesoda Corporation, SQM S.A., Brazil Potash Corporation, and K+S KALI GmbH.
The companies are adopting strategies such as product launches for expanding their current product portfolio. For instance, in August 2019, China-based potash fertilizer manufacturer Migao Corporation and Belaruskali JSC jointly launched a new production facility near Soligorsk for manufacturing chlorine-free potash fertilizers. The plant is designed to manufacture potassium chloride as well as ammonium nitrate.
Potash fertilizers are amongst one of the most widely used chemical fertilizers around the world. Major types of potash fertilizers include Potassium Nitrate, Sulphate of Potash, and Potassium Chloride, which plays an essential role in the growth of crops, by providing them with essential nutrients for protein and starch synthesis reaction.
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Global potash fertilizers market is driven by increasing usage of potash fertilizers in agricultural crops such as oil seeds & pulses, fruits & vegetables, as well as cereals & grains. For instance, according to the article published by World Bank, the total consumption of fertilizer reached 140,553 Kg/ha of arable land in 2016, as compared to 138,958 Kg/ha of arable land in 2014.
Market Dynamics
North America potash fertilizer market growth is mainly driven by major market players and their strategies such as mergers and acquisitions, product launches, and partnerships with fertilizer manufacturers. For instance, in 2016, Compass Minerals launched Protassium+ Organic. It is an organic sulphate of potash (SOP), which offers high potassium and plant-available sulphate sulfur. This product is approved for organic food production by various organization such as the Organic Materials Review Institute (OMRI), California Department of Food and Agriculture (CDFA), and USDA National Organic Standards Board (NOSB).
Latin America is one of the major consumer of potash fertilizers due to the presence of emerging economies such as Argentina and Brazil among others. The rising population in the region has resulted in need to increase agricultural yield from available farmland. For instance, according to the World Bank data, the population of Brazil and Argentina is expected to grow at a rate of 0.8% and 1.0%, respectively in the forecast period till 2030. The fertilizer consumption per hectare in Argentina and Brazil was pegged at 36.0 kg/ha and 175.2 kg/ha, respectively in 2018.
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Mr. Shah
Coherent Market Insights
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Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Potash Fertilizers Market Growing Popularity And Emerging Trends appeared first on Gatorledger.
Global potash fertilizers market was valued at US$ 21.64 Bn in 2018 and is expected to exhibit a CAGR of 4.4%, in terms of value over the forecast period (2019-2027), and expected to reach US$ 32.08 Bn by 2027.
Potassium (K), which is often referred to as Potash, which is one of the essential nutrient used in the fertilizer industry. The increasing demand for food grains as well as fruits & vegetables are expected to drive growth of the global potash fertilizers market over the forecast period. Potash fertilizers offers advantages such as prevention of infection of plants from pests and other microbes. Potash fertilizers also helps to adapt to weather conditions, helps in absorbing more minerals from the soil, and strengthens the tree stalks. According to the Fertilizers Institute, Washington, potassium is one of the “Big 3” primary nutrients, which plays a fundamental role in the plant nutrition process.
Get a Sample Copy + All Related Graphs & Charts: https://www.coherentmarketinsights.com/insight/request-sample/1398
Potash fertilizers are applied on various crop types such as cereals & grains, oilseeds & pulses, and fruits & vegetables. Cereals & grains crop type amounted for the largest demand for potash fertilizers globally, followed by oilseeds & pulses. For instance, according to the Food and Agriculture Organization (FAO), the world production of cereals reached a record high of 2,715 million tons in 2019, a 2.3% rise as compared to 2018.
Major restraints for potash fertilizers market include increasing usage of natural fertilizers in organic farming operations. For instance, according to a research article published by University of Calabar, the combination of NPK with neem fertilizer (60 kg N/ha NPK + 60 kg N/ha) significantly increased the yield of Okra during the research studies.
Major players operating in the global potash fertilizers market include Israel Chemicals Ltd., EuroChem Group A.G., Agrium Inc., Uralkali PJSC, Yara International A.S.A., Migao Corporation, Sesoda Corporation, SQM S.A., Brazil Potash Corporation, and K+S KALI GmbH.
The companies are adopting strategies such as product launches for expanding their current product portfolio. For instance, in August 2019, China-based potash fertilizer manufacturer Migao Corporation and Belaruskali JSC jointly launched a new production facility near Soligorsk for manufacturing chlorine-free potash fertilizers. The plant is designed to manufacture potassium chloride as well as ammonium nitrate.
Potash fertilizers are amongst one of the most widely used chemical fertilizers around the world. Major types of potash fertilizers include Potassium Nitrate, Sulphate of Potash, and Potassium Chloride, which plays an essential role in the growth of crops, by providing them with essential nutrients for protein and starch synthesis reaction.
Hurry Up…and Get a 2000$ Discount On a Price…!!! https://www.coherentmarketinsights.com/insight/request-discount/1398
Global potash fertilizers market is driven by increasing usage of potash fertilizers in agricultural crops such as oil seeds & pulses, fruits & vegetables, as well as cereals & grains. For instance, according to the article published by World Bank, the total consumption of fertilizer reached 140,553 Kg/ha of arable land in 2016, as compared to 138,958 Kg/ha of arable land in 2014.
Market Dynamics
North America potash fertilizer market growth is mainly driven by major market players and their strategies such as mergers and acquisitions, product launches, and partnerships with fertilizer manufacturers. For instance, in 2016, Compass Minerals launched Protassium+ Organic. It is an organic sulphate of potash (SOP), which offers high potassium and plant-available sulphate sulfur. This product is approved for organic food production by various organization such as the Organic Materials Review Institute (OMRI), California Department of Food and Agriculture (CDFA), and USDA National Organic Standards Board (NOSB).
Latin America is one of the major consumer of potash fertilizers due to the presence of emerging economies such as Argentina and Brazil among others. The rising population in the region has resulted in need to increase agricultural yield from available farmland. For instance, according to the World Bank data, the population of Brazil and Argentina is expected to grow at a rate of 0.8% and 1.0%, respectively in the forecast period till 2030. The fertilizer consumption per hectare in Argentina and Brazil was pegged at 36.0 kg/ha and 175.2 kg/ha, respectively in 2018.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Potash Fertilizers Market Growing Popularity And Emerging Trends appeared first on Gatorledger.
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