Increase agricultural GVA to complement demand growth

Seoul, South Korea, July 13. 2022 (GLOBE NEWSWIRE) — According to a new report from Fact.MR, a market research and competitive intelligence provider, the global potash fertilizer market has reached a valuation of US$28.9 billion and is expected to grow at a CAGR of 6.1% during the forecast period (2022-2032). The strong growth of the market can be attributed to factors such as government initiatives for the improvement of the agricultural sector and the development of various techniques related to fertilizers.

Generally, plants and crops need three nutrients: potassium, nitrogen and phosphorus. Companies use a variety of techniques to ensure an adequate supply of potash fertilizers because potash contains soluble potassium which improves plant root strength, makes them resistant to disease and provides efficient yield rates. Consumers demand high quality potash fertilizers to maintain the quality of their agricultural products.

For critical information on Potassium fertilizers Market, demand a Sample report

Manufacturers have faced numerous supply chain issues during the COVID-19 pandemic, which has hampered the potash fertilizer market growth; however, companies have invested more in technology, particularly in enterprise resource management to maintain day-to-day raw material sourcing, risk management and compliance, and supply chain operations.

Why is the demand for potash fertilizer steadily increasing across the region?

“Growing population and demand for high nutrient content”

Considering the situation across the world, such as the increase in pollution and the population, which is expected to increase over the next few years, concerns about more mouths to feed will only grow stronger. Due to economic volatility, some countries are already facing a food crisis, affecting 9.9% of the population of different demographic groups, according to the UN.

Thus, to feed the existing population, repeated cultivation is practiced, which rapidly deteriorates the quality of the soil. Therefore, it becomes important to replenish the soil to produce nutrient rich grains, fruits and vegetables.

Improving the soil with fertilizers will help to combat food shortage problems and the quality of products will be improved. The use of fertilizers to fertilize vegetative and barren land should improve the quality and quantity of agriculture.

To learn more about Potassium fertilizers Market, you can contact our analyst at

Key Segments Covered in Potassium fertilizers Industry survey

  • Potassium Fertilizer Market by Form:
    • Solid potassium fertilizers
    • Liquid potassium fertilizers
  • Potassium Fertilizer Market by Product Type:
    • Potassium chloride
    • Potash Sulphate (SOP Fertilizer)
    • potassium nitrate
    • Others
  • Potassium Fertilizer Market by Application Technique:
    • Broadcast
    • Fertigation
    • Foliar
    • Others
  • Potassium Fertilizer Market by Crop/Application:
    • Fruits and vegetables
    • Oilseeds and pulses
      • Soy
      • Rapeseed
      • Sunflower
      • Others (Peas and Palm Oil)
    • Cereals & Grains
      • Rice
      • Corn
      • Wheat
      • Barley
      • Others

Competitive landscape

Major potash fertilizer manufacturers include Yara International Asa, Agrium Inc., Potash Corporation of Saskatchewan Inc, Eurochem Group AG, The Mosaic Company, JSC Belaruskali, Helm AG, Israel Chemicals Ltd., Sociedad Química Y Minera De Chile SA (SQM ), Borealis AG, Sinofert Holdings Limited, K+S Aktiengesellschaft, PJSC Uralkali, Russia and Arab Potash Company.

  • Phosphate and potash fertilizer brands should focus on expanding production in different countries to minimize export duties where potash fertilizers are in greater demand and partner with third-party distributors to cover untapped markets . Players should opt for sustainable methods to minimize the carbon footprint, which leads to an increase in potash fertilizer production efficiency.

Get customization on Potassium fertilizers Market Report for specific search solutions

The key players in Potassium fertilizers Market

  • Yara International Asa
  • Agrium Inc.
  • Potash Corporation of Saskatchewan Inc.
  • Eurochem SA Group
  • The Mosaic Company
  • JSC Belarus
  • Helm S.A.
  • Israel Chemicals Ltd.
  • Sociedad Química Y Minera De Chile SA (SQM)
  • Borealis AG

Main takeaways from Potassium fertilizers Market research

  • By form, liquid potash fertilizers are expected to provide an absolute dollar opportunity of US$12.1 billion over the forecast period (2022-2032).
  • By crop/application, use in grains and cereals is projected to create an absolute dollar opportunity of US$9.2 billion by 2032.
  • East Asia is expected to capture around 29.8% of the global potash fertilizer market share by 2032.
  • South Asia and Oceania is expected to provide an absolute dollar opportunity of US$3.7 billion by the end of 2032.

Fact.MR’s expertise in the field Chemistry and Materials Division

Expert analysis, actionable insights, and strategic recommendations from Fact.MR’s highly skilled chemicals and materials team help customers around the world meet their unique business intelligence needs.

With a repository of over a thousand reports and over a million data points, the team has analyzed the chemicals and materials division in over 50 countries for over a decade. The team provides unparalleled end-to-end research and advisory services. Contact us to find out how we can help you.

Explore more chemical and materials industry reports:

Dyes and pigments market– The global dyes and pigments market size is expected to reach US$38 billion by 2031. The dyes and pigments market is expected to grow at a moderate CAGR of over 3% during the forecast period.

Super Absorbent Polymers Market – Detailed industry analysis reveals that the global consumption of Super Absorbent Polymers is expected to grow at a CAGR of 4.9% to reach a valuation of $9.7 Billion by 2032.
paper dyes market– The global paper colorants market is expected to experience modest growth through 2021 and beyond, with global revenues exceeding US$950 million as of 2020. A new forecast from Fact.MR estimates that revenue from paper colorants will grow at a decade-long CAGR of over 2%.

Electroceramic Market– According to Fact.MR’s electroceramics industry survey, sales of electroceramics exceeded US$8 billion at the beginning of the historical period (2016), increasing 1.2 times to reach US$9 billion by 2020. The market is expected to grow further, albeit moderately, to reach over US$11 billion by 2031, with alumina-based electro-ceramics generating 2/5 of global revenue of the market.

hard coatings market– Global hard coatings market revenue surpassed US$750 million in 2020, despite the impacts of the recession induced by the COVID-19 pandemic. Sales remained strong amid strong demand in the food processing industry. The future outlook is set to receive a significant boost, with the market expected to reach a valuation of over US$1 billion by 2031.

automotive ceramics market– The automotive ceramics market has witnessed steady growth through 2020, approaching around US$2 billion amid high deployment in several automotive-allied industrial fields, including electronics manufacturing . A new forecast from Fact.MR predicts that the demand for automotive ceramics will grow 1.4 times from 2021 to 2031.

Solid State Battery Market– In 2020, the global solid-state battery market was valued at US$56.9 million. With a CAGR of around 30%, the forecast market growth between 2021 and 2031 is expected to be significantly higher than in previous years. By 2031, the portable solid-state battery market is expected to represent an absolute dollar opportunity of nearly US$911 million.

stone paper market– A recently published stone paper business analysis by Fact.MR, a market research and competitive intelligence provider, reveals that the market is expected to grow 1.8x by the end of 2031. marketers capture the lion’s share of stone paper demand with 1.5% year-over-year growth in fiscal 2020 compared to fiscal 2019.

Biofuels market– An analysis of the biofuels industry recently released by Fact.MR reveals that global biofuels sales revenue in 2020 was US$134 billion. The industry is expected to grow at a CAGR of 4.8% between 2021 and 2031. Bioethanol is expected to be the most revenue-generating segment, representing an absolute dollar opportunity of nearly US$53.6 billion over the next ten years.

Aerospace Composites Market– Aerospace Composites industry analysis shows that the global market was valued at US$32 Billion in 2020 and is projected to reach US$56 Billion by 2031, growing at an impressive CAGR of 9% over the forecast period, according to the Fact.MR report.

About Us:
Market research and consulting agency that makes the difference! That’s why 80% of Fortune 1000 companies trust us to make their most critical decisions. Although our experienced consultants use the latest technology to extract hard-to-find information, we believe that our USP is the trust our clients place in our expertise. Covering a wide spectrum – from automotive and Industry 4.0 to healthcare and retail, our coverage is extensive, but we ensure that even the most niche categories are analyzed. Our sales offices in the USA and Dublin, Ireland. Headquarters based in Dubai, United Arab Emirates. Contact us with your goals and we will be a competent research partner.

Mahendra Singh
USA Sales Office:
11140 Rockville Pike
Office 400
Rockville, MD 20852
Email: [email protected]
Tel: +1 (628) 251-1583
Follow us: LinkedIn | Twitter

Comments are closed.