Global Potash Fertilizers Market
The global Potash Fertilizers market was valued at USD 21.86 billion in 2016 and is projected to reach USD 31.93 billion by 2025, growing at a CAGR of 4.3% from 2017 to 2025.
Potassium is an important soil element and is one of the member of the NPK fertilizer family. The rise in sustainable agriculture practices is driving the demand for potash fertilizers. The demand is expected to remain high in Asia Pacific which is having vast spaces of land under agricultural cultivation.
1. Market Drivers
1.1 Decrease in arable land area
1.2 Need for higher productivity in limited land area
2. Market Restraints
2.1 Growing trend of organic food consumption
The global Potash Fertilizersmarket is segmented on thetype, crop type, application method, formand region.
1. By Type:
1.1 Sulfate of Potash
1.2 Potassium Chloride
1.3 Potassium Nitrate
2. By Crop Type:
2.1 Cereals and Grains
2.2 Pulses and Oilseeds
2.3 Vegetables and Fruits
3. By Application Method:
4. By Form:
5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
The major players in the market are as follows:
1. K+S Aktiengesellschaft
2. Yara International
3. Sinofert Holdings Ltd.
4. Agrium Inc.
5. Borealis AG
6. Potash Corporation of Saskawatchen
7. SociedadQuimica Y Minera D Chile SA
8. Eurochem Group AG
9. Israel Chemicals
10. The Mosaic Company
11. HELM AG
12. JSC Belaruskali
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Potash Fertilizersmarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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