Potash Fertilizer Market
Global Potash Fertilizer Market Size, Share & Trends Analysis Report by Type (Muriate of Potash, Sulfate of Potash, Nitrate of potash, and Permanganate of potash), By Application (Grains and Cereals, Pulses and Oilseeds, Commercial Crops, Fruits and Vegetables, and Others) Forecast Period 2022-2028
The global market for potash fertilizer is projected to have a considerable CAGR of around 4.6% during the forecast period. Potash is commonly used to describe potassium-containing salts used as fertilizer. As a source of soluble potassium, potash is vital to the agricultural industry as a primary plant nutrient. Potash increases water retention in plants, influences the taste, and improves crop yields, texture, and nutritional value of many plants. Governments globally are focusing on boosting their agriculture sector. Government laws, such as the Indian government's Pradhan Mantri Kisan Samman Nidhi (PM-KISAN), will enable the agriculture sector to develop. All farmer groups across the country will receive income support of Rs.6000/- per year in three equal installments of Rs.2000/- every four months under the Scheme, which will financially assist the farmers and allow them to focus more on farming. With the expansion of the agricultural sector, the market for Potash Fertilizers will expand as well.
Impact of COVID-19 on Potash Fertilizer Market
The COVID-19 pandemic has had a significant impact on the market. During the initial lockdown, shipments were hampered by a labour shortage and the closure of a few fertilizers’ units located in the integrated chemical complexes. China, being the epicentre of the pandemic, was greatly impacted, however, the country's situation has stabilized, and all fertilizer production rates have increased. As a result, COVID-19's overall impact on the potash fertilizers business appears to be minimal.
Segmental Outlook
The global potash fertilizer market is segmented based on types, and applications. Based on the types, the market is further classified into muriate of potash, sulfate of potash, nitrate of potash, and permanganate of potash. Further, based on the application the market is classified into grains and cereals, pulses and oilseeds, commercial crops, fruits and vegetables, and others.
Global Potash Fertilizer Market Share by types, 2020(%)
The Muriate of Potash Segment is Considered as the Dominating Segment in the Global Potash Fertilizer Market.
Among types, the muriate of potash segment is estimated as dominating segment during the forecast period as the most common form of potash fertilizers used by farmers across the world is muriate of potash. Muriate of potash, also known as potassium chloride contains 60% potash. It plays a vital role in the production of proteins and sugars and mixes well with most fertilizers. It also protects against draught by maintaining plants' water content which in turn is a benefit for photosynthesis as leaves maintain their shape and vigor. Additionally, it is the most commonly used potash fertilizer and can be used to farm a variety of foods, particularly chloride-loving vegetables.
Regional Outlook
Geographically, the global Potash Fertilizer market is classified into four major regions including North America (the US and Canada), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia-Pacific (India, China, Japan, and Rest of Asia-Pacific), and Rest of the World (Latin America and the Middle East and Africa (MEA)). North America is projected to have a significant CAGR in the potash fertilizer market. The growth is attributed to the increased farmer awareness of the need for nutrients and crop production, decreasing agricultural land area are the two factors driving the market growth. On the contrary factors such as increasing demand for organic farming and rising environmental issues are likely to refrain the market growth.
Global Potash Fertilizer Market Growth, by region 2022-2028
Asia-Pacific to hold a considerable CAGR in the global Potash Fertilizer market
Geographically, Asia-Pacific is projected to hold a significant CAGR global potash fertilizer market. The Asia-Pacific region's population is rapidly growing. As the world's population grows, so does the demand for food. The factors such as the need for agricultural intensification while pursuing increasingly sustainable methods and seeking biological alternatives to enhance productivity while reducing environmental pressure to close the yield gap are the key reasons driving potash fertilizer demand. According to the FAO, fertilizer consumption is projected to increase by 1% in South Asia every year up to 2030 to increase agricultural productivity.
Market Players Outlook
The key players in the Potash Fertilizer market contribute significantly by providing different types of products and increasing their geographical presence across the globe. The key players of the market include Nutrien Ltd, The Mosaic Co, ICL Group, Uralkali PJSC. among others. These market players adopt various strategies such as product launches, partnerships, collaborations, mergers, and acquisitions to sustain a strong position in the market., In May 2018, the Mosaic Company launched a new micronutrient fertilizer product called Aspire. The product consists of two forms of boron with potassium. Aspire is the first-of-its-kind micronutrient enhanced potash fertilizer. Formed using Nutriform technology, Aspire combines potassium and boron in each granule to help achieve uniform nutrient distribution of B. The higher yield with Aspire compared to other treatments demonstrates the advantages of uniform nutrient distribution with a premium potash fertilizer containing boron.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Potash Fertilizer market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying 'who-stands-where in the market.
1. Report Summary
1.1. Research Methods and Tools
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Potash Fertilizer Industry
• Recovery Scenario of Global Potash Fertilizer Industry
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Trade Analysis
2.4. Porters Analysis
2.5. Volume Analysis
3. Competitive Landscape
3.1. Competitive Dashboard
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.4. Impact of COVID-19 on key players
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Potash Fertilizer Market by Type
5.1.1. Muriate of Potash
5.1.2. Sulfate of Potash
5.1.3. Nitrate of potash
5.1.4. Permanganate of potash
5.2. Global Potash Fertilizer Market by Application
5.2.1. Grains and Cereals
5.2.2. Pulses and Oilseeds
5.2.3. Commercial Crops
5.2.4. Fruits and Vegetables
5.2.5. Others
6. Regional Analysis
6.1. North America
6.1.1. US
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. ASEAN
6.3.5. South Korea
6.3.6. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Agrium Inc.
7.2. Borealis AG
7.3. CF Industries Holdings, Inc.
7.4. EuroChem Group
7.5. HELM AG
7.6. ICL Group Ltd
7.7. Intrepid Potash Inc.
7.8. Israel Chemicals Ltd.
7.9. JSC Belaruskali
7.10. K+S Group
7.11. Nutrien Limited
7.12. Potash Corporation of Saskatchewan Inc.
7.13. S.A, Borealis AG
7.14. Sinofert Holdings Limited
7.15. SociedadQuimica Y Minera D Chile SA
7.16. The Mosaic Company
7.17. Uralkali PJSC
7.18. Yara International ASA
1. GLOBAL POTASH FERTILIZER MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
2. GLOBAL MURIATE OF POTASH FERTILIZER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL SULFATE OF POTASH FERTILIZER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL NITRATE OF POTASH FERTILIZER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL PERMANGANATE OF POTASH FERTILIZER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL POTASH FERTILIZER MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
7. GLOBAL POTASH FERTILIZER FOR GRAINS AND CEREALS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL POTASH FERTILIZER FOR PULSES AND OILSEEDS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL POTASH FERTILIZER FOR COMMERCIAL CROPS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL POTASH FERTILIZER FOR FRUITS AND VEGETABLES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL POTASH FERTILIZER FOR OTHER APPLICATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL POTASH FERTILIZER MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
13. NORTH AMERICAN POTASH FERTILIZER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
14. NORTH AMERICAN POTASH FERTILIZER MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
15. NORTH AMERICAN POTASH FERTILIZER MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
16. EUROPEAN POTASH FERTILIZER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
17. EUROPEAN POTASH FERTILIZER MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
18. EUROPEAN POTASH FERTILIZER MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
19. ASIA-PACIFIC POTASH FERTILIZER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
20. ASIA-PACIFIC POTASH FERTILIZER MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
21. ASIA-PACIFIC POTASH FERTILIZER MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
22. REST OF THE WORLD POTASH FERTILIZER MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
23. REST OF THE WORLD POTASH FERTILIZER MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL POTASH FERTILIZER MARKET, 2021-2028 (% MILLION)
2. IMPACT OF COVID-19 ON GLOBAL POTASH FERTILIZER MARKET BY SEGMENT, 2021-2028 (% MILLION)
3. RECOVERY OF GLOBAL POTASH FERTILIZER MARKET, 2021-2028 (%)
4. GLOBAL POTASH FERTILIZER MARKET SHARE BY TYPE, 2021 VS 2028 (%)
5. GLOBAL POTASH FERTILIZER MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
6. GLOBAL POTASH FERTILIZER MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL MURIATE OF POTASH FERTILIZER MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8. GLOBAL SULFATE OF POTASH FERTILIZER MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL NITRATE OF POTASH FERTILIZER MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL PERMANGANATE OF POTASH FERTILIZER MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL POTASH FERTILIZER FOR GRAINS AND CEREALS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL POTASH FERTILIZER FOR PULSES AND OILSEEDS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. GLOBAL POTASH FERTILIZER FOR COMMERCIAL CROPS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. GLOBAL POTASH FERTILIZER FOR FRUITS AND VEGETABLES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. GLOBAL POTASH FERTILIZER FOR OTHER APPLICATION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
16. US POTASH FERTILIZER MARKET SIZE, 2021-2028 ($ MILLION)
17. CANADA POTASH FERTILIZER MARKET SIZE, 2021-2028 ($ MILLION)
18. UK POTASH FERTILIZER MARKET SIZE, 2021-2028 ($ MILLION)
19. FRANCE POTASH FERTILIZER MARKET SIZE, 2021-2028 ($ MILLION)
20. GERMANY POTASH FERTILIZER MARKET SIZE, 2021-2028 ($ MILLION)
21. ITALY POTASH FERTILIZER MARKET SIZE, 2021-2028 ($ MILLION)
22. SPAIN POTASH FERTILIZER MARKET SIZE, 2021-2028 ($ MILLION)
23. ROE POTASH FERTILIZER MARKET SIZE, 2021-2028 ($ MILLION)
24. INDIA POTASH FERTILIZER MARKET SIZE, 2021-2028 ($ MILLION)
25. CHINA POTASH FERTILIZER MARKET SIZE, 2021-2028 ($ MILLION)
26. JAPAN POTASH FERTILIZER MARKET SIZE, 2021-2028 ($ MILLION)
27. ASEAN POTASH FERTILIZER MARKET SIZE, 2021-2028 ($ MILLION)
28. SOUTH KOREA POTASH FERTILIZER MARKET SIZE, 2021-2028 ($ MILLION)
29. REST OF ASIA-PACIFIC POTASH FERTILIZER MARKET SIZE, 2021-2028 ($ MILLION)
30. REST OF THE WORLD POTASH FERTILIZER MARKET SIZE, 2021-2028 ($ MILLION)
