Potassic Fertilizer Market Scope
Fertilizers are the chemicals used in the agricultural industry to encourage crop yield. They can be manufactured from nitrogen, potassium, sodium and many other chemicals. Potassic fertilizers are chemical fertilizers with the potassium content(K+). The potassium fertilizers can be bifurcated into muriate of potash (KCI) and sulfate of potash (K2S04), both of them are water-soluble and readily available across the globe. However, the growing trend towards organic diet and numerous side effects associated with the potassic fertilizers might stagnate the demand.
The market study is being classified by Type (Potassium Chloride, Sulfate of Potash (SOP), Potassium Nitrate and Others), by Application (Cereals & Grains (Rice, Corn, Wheat, Barley), Oilseeds & Pulses (Soybean, Canola, Sunflower, Others), Fruits & Vegetables (Apples, Tomato, Citrus, Others) and Others (Sugarcane, Sugar Beet, and Fiber Crops)) and major geographies with country level break-up. According to AMA, the Global Potassic Fertilizer market is expected to see growth rate of 4.51% and may see market size of USD29.32 Billion by 2024.
The Vendors having a strong hold in the market are Yara International, Agrium, Potash Corporation of Saskatchewan, EuroChem Group, and Mosaic Company. Research Analyst at AMA predicts that European Vendors will contribute to the maximum growth of Global Potassic Fertilizer market throughout the predicted period.
Yara International ASA (Norway), Agrium Inc. (Canada), Potash Corporation of Saskatchewan Inc. (Canada), EuroChem Group AG (Switzerland), The Mosaic Company (United States), JSC Belaruskali (Belarus), HELM AG (Germany), Israel Chemicals Ltd.(Israel), Sociedad Química y Minera de Chile S.A (Chile) and Borealis AG (Austria) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Sinofert Holdings Limited (Hong Kong), K+S AKTIENGESELLSCHAFT (Germany), Nutrien Limited (Canada), Israel Chemicals (Israel), Uralkali (Russia) and Intrepid Potash, Inc. (United States).
AdvanceMarketAnalytics has segmented the market of Global Potassic Fertilizer market by Type, Application and Region.
On the basis of geography, the market of Potassic Fertilizer has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2018.
“According to the government of India, it provides Essential Commodities Act, 1955, where Biofertiliser means the product containing carrier-based (solid or liquid) living microorganisms that are agriculturally useful in terms of nitrogen fixation, phosphorus solubilization or nutrient mobilization, to increase the productivity of the soil.” and Additionally, Regulatory body FAO deals with informing of fertilizer laws and regulations regarding fertilizer production, import or trade. Additionally, all imports of fertilizers should obey the standards enforced by the Tanzania Fertilizer Regulatory Authority (TFRA)
- Upsurging Need for Maximized Productivity Using Limited Land Area
- Growing R&D in Minimizing the Side Effects of Potassic Fertilizers
- Growing Need for Increased Crop Yield Across the Globe
- Raising Awareness about Soil Profile and Nutritional Balance, Backed By State Support
- Rising Agricultural Investments across the Globe
- Increasing Demand in Producing Grains and Cereals
- Growing Availability across the Developing Economies
- Increasing Potassic Fertilizers Prices Over the Upcoming Years Due to Increasing Prices for Potassium Chloride
- Upsurging Adoption of Organic Food Consumption might Stagnate the Demand
- Uncertainty In Agricultural Production, Costs Incurred, and Environmental Policies
- Stringent Government Regulations on Fertilizers Manufacturers
Key Target AudiencePotassic Fertilizer Manufacturers, Distributors and Traders, Potassic Fertilizer Upstream and Downstream Buyers, Research and Development Organizations, Agricultural Industry Associations, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Government Regulatory and Research Organizations and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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