Potash Fertilizers Market - Forecast(2024 - 2030)

Report Code: AGR 67824 Report Format: PDF + Excel

Potash Fertilizers Market Overview

Potash Fertilizers Market size is forecast to reach $30.5 billion by 2025, after growing at a CAGR of 4.5% during 2020-2025. Potassium chloride is mainly used as a source of potassium for Agricultural crops. Potassium also plays an important role in increasing the protein, vitamin C, and solid soluble content in fruits, and starch content in grains & tubers, owing to this, the Potash fertilizers market will grow. Increasing demand for food grains as well as fruits & vegetables are expected to drive the potash fertilizers market over the forecast period.

Report Coverage

The report: “Potash Fertilizers Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Potash Fertilizers Industry. 
By Type - Potassium Chloride, Sulfate of Potash, Potassium Magnesium sulfate, Potassium Nitrate, Potassium thiosulphate.
By Crop Type – Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Others.
By Application Method – Broadcasting, Foliar, Fertigation.
By Geography – North America, South America, Europe, APAC, RoW.

Key Takeaways

  • Asia-Pacific dominates the Potash Fertilizers market owing to increasing demand from applications such as Foliar, Fertigation with Others. 
  • Potassium (K), which is often referred to as Potash, which is one of the essential nutrients used in the fertilizer industry, is likely to aid in the market growth of Potash Fertilizers.
  • Increasing ecofriendly products will increase the market demand for Potash Fertilizers in the near future.
  • COVID 19 pandemic will create hurdles for the Potash Fertilizers market. 

Potash Fertilizers Market Segment Analysis - Type 

Potassium Chloride segment holds the largest share in the Potash Fertilizers market. The importance of chloride is frequently overlooked, but it is an essential nutrient for plant growth. Recent research has demonstrated that many crops respond favorably to chloride applications with greater yield and quality. Like any soluble fertilizer, salt-induced damage can result if large amounts are placed in close proximity to seeds or seedlings. Potassium chloride is usually the least expensive source of potash. Potassium Chloride is a metal halide composed of potassium and chloride. Potassium maintains intracellular tonicity, is required for nerve conduction, cardiac, skeletal and smooth muscle contraction, production of energy, the synthesis of nucleic acids, maintenance of blood pressure and normal renal function.

Potash Fertilizers Market Segment Analysis - Crop Type

Cereals and Grains holds the largest market share in the Potash Fertilizers market. There is always pressure on cereal farmers to reduce costs. Typical expenditure on fertilizers for cereals is usually around a half of total cereal variable costs making this a common target for cost cutting. Basal phosphate and potash are particular targets because reductions in use that damage yield may have little or no visible effect in the short term. This leaflet provides a comprehensive review of phosphate and potash nutrition for cereals and gives detailed recommendations for optimum economic fertilizer usage. Cereal crops need at least as much, if not more, potash than any other nutrient including nitrogen. Potash is needed in such large amounts because it is the major regulator of solution concentrations throughout the plant.

Potash Fertilizers Market Segment Analysis - Application

Fertigation has been the primary market for Potash Fertilizers. Fertigation is the injection of fertilizers, used for soil amendments, water amendments and other water-soluble products into an irrigation system. Fertigation is related to chemigation, the injection of chemicals into an irrigation system. Fertigation is a method of fertilizer application in which fertilizer is incorporated within the irrigation water by the drip system. In this system fertilizer solution is distributed evenly in irrigation. The availability of nutrients is very high therefore the efficiency is more. In this method liquid fertilizer as well as water soluble fertilizers are used. By this method, fertilizer use efficiency is increased from 80 to 90 per cent. 

Potash Fertilizers Market Segment Analysis - Geography

APAC dominated the Potash Fertilizers market as APAC holds the largest area for agriculture. Countries such as India and China are major players in this region. Major crops produced in Asia include rice, sugar beet, fruits & vegetables, cereals, and grains; the region consumes 90% of the global rice produced. There is a huge demand for Potash Fertilizers market in Asia Pacific due to the direct use of micronutrients to treat plant deficiencies and are often sprayed in combination or as additives. Micronutrients are essential elements that are used by plants in small quantities. For most micronutrients, crop uptake is less than one pound per acre. In spite of this low requirement, critical plant functions are limited if micronutrients are unavailable, resulting in plant abnormalities, reduced growth and lower yield.

Potash Fertilizers Market Drivers

Increasing usage for fertilizers

Various nutrients boost plant production and keep people all over the world fed and healthy, and enhanced efficiency fertilizers. Micronutrients play a supporting role in overall plant health and development and for that fertilizers plays a very important role. Micronutrients promote essential plant processes and growth, which translates into nutrient-rich food for animals and humans. Potassium is an important mineral required for human health. Since potassium is not stored in the body, it is necessary to continually replace this nutrient on a regular basis with potassium-rich foods. Diets high in potassium and low in sodium have been shown to be beneficial for avoiding high blood pressure.

Implementation of Governments Regulations

Governments globally are focusing on boosting their agriculture sector. Whereas Governments regulations such as Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) by Indian Government will help to grow the agriculture sector. Under the Scheme an income support of Rs.6000/- per year is provided to all farmer families across the country in three equal installments of Rs.2000/- each every four months, which will financially help the farmers let them focus more towards farming. And with the growth of agricultural sector the Potash Fertilizers market will aslo grow.

Potash Fertilizers Market Challenges

Impact of COVID 19

The global Potash Fertilizers Market continues to be challenged by the lockdowns, logistical disturbances, reduced productions, and associated economic impacts of COVID-19. The global fertilizer sector has been affected since the outset, primarily in China, the world's largest producer as well as consumer of agriculture micronutrients. The outbreak of a novel coronavirus in China has to date had the most critical impact across the Chinese agriculture micronutrients sector, affecting the movement of both micronutrients products and raw materials in and out of the country. Moreover, this pandemic also expected to hit the agriculture micronutrients industry in the U.S., Brazil, India, and EU-5 countries.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Potash Fertilizers market. In 2019, the market of Potash Fertilizers has been consolidated by the top five players accounting for xx% of the share. Major players in the Potash Fertilizers Market are Agrium Inc., Borealis AG, Eurochem Group AG, Helm AG, Potash Corporation of Saskatchewan Inc, among others. 

Acquisitions/Technology Launches

  • In January 2018, Agrium and PotashCorp Merger Completed Forming Nutrien, a Leader in Global Agriculture.


1. Potash Fertilizers Market- Market Overview
    1.1 Definitions and Scope
2. Potash Fertilizers Market- Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key Trends by Type
    2.3 Key Trends by Crop Type
    2.4 Key Trends by Application Method
    2.5 Key Trends by Geography
3. Potash Fertilizers Market- Landscape
    3.1 Comparative analysis 
        3.1.1 Market Share Analysis- Top Companies
        3.1.2 Product Benchmarking- Top Companies
        3.1.3 Top 5 Financials Analysis
        3.1.4 Patent Analysis- Top Companies
        3.1.5 Pricing Analysis
4. Potash Fertilizers Market - Startup companies Scenario Premium Premium 
    4.1 Top startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. Potash Fertilizers Market– Industry Market Entry Scenario Premium Premium 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis - Top companies
6. Potash Fertilizers Market- Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Market Opportunities
    6.4 Porters five force model
        6.4.1 Bargaining power of suppliers
        6.4.2 Bargaining powers of customers
        6.4.3 Threat of new entrants
        6.4.4 Rivalry among existing players
        6.4.5 Threat of substitutes 
7. Potash Fertilizers Market -Strategic analysis
    7.1 Value chain analysis
    7.2 Opportunities analysis
    7.3 Market life cycle
    7.4 Suppliers and distributors Analysis
8. Potash Fertilizers Market– By Type (Market Size - $Million)
    8.1 Potassium Chloride
    8.2 Sulfate of Potash
    8.3 Potassium Magnesium sulfate
    8.4 Potassium Nitrate
    8.5 Potassium thiosulphate
9. Potash Fertilizers Market– By Crop Type (Market Size - $Million)
    9.1 Cereals & Grains 
    9.2 Oilseeds & Pulses 
    9.3 Fruits & Vegetables
    9.4 Others
10. Potash Fertilizers Market– By Application Method (Market Size - $Million)
    10.1 Broadcasting
    10.2 Foliar
    10.3 Fertigation
11. Potash Fertilizers Market - By Geography (Market Size - $Million)
    11.1 North America
        11.1.1 U.S.
        11.1.2 Canada
        11.1.3 Mexico
    11.2 South America
        11.2.1 Brazil
        11.2.2 Argentina
        11.2.3 Colombia
        11.2.4 Chile
        11.2.5 Rest of South America
    11.3 Europe
        11.3.1 U.K
        11.3.2 Germany
        11.3.3 Italy
        11.3.4 France
        11.3.5 Russia
        11.3.6 Spain
        11.3.7 Netherlands
        11.3.8 Belgium
        11.3.9 Rest of Europe
    11.4 Asia Pacific
        11.4.1 China
        11.4.2 India
        11.4.3 Japan
        11.4.4 South Korea
        11.4.5 Australia & New Zealand
        11.4.6 Rest of Asia Pacific
    11.5 RoW
        11.5.1 Middle East
            11.5.1.1 UAE
            11.5.1.2 Saudi Arabia
            11.5.1.3 Israel
            11.5.1.4 Rest of Middle East
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Nigeria
            11.5.2.3 Rest of Africa
12. Potash Fertilizers Market- Entropy
    12.1 New Product Launches
    12.2 M&A’s, Collaborations, JVs and Partnerships
13. Market Share Analysis Premium
    13.1 Market Share by Country- Top companies
    13.2 Market Share by Region- Top companies
    13.3 Market Share by type of Product / Product category- Top companies
    13.4 Market Share at global level- Top companies
    13.5 Best Practices for companies
14. Potash Fertilizers Market- List of Key Companies by Country Premium 
15. Potash Fertilizers Market Company Analysis
    15.1 Market Share, Company Revenue, Products, M&A, Developments
    15.2 Company 1
    15.3 Company 2
    15.4 Company 3
    15.5 Company 4
    15.6 Company 5
    15.7 Company 6
    15.8 Company 7
    15.9 Company 8
    15.10 Company 9
    15.11 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"

LIST OF TABLES

1.Global Potash Fertilizers Market By Type Market 2023-2030 ($M)
1.1 Potassium Chloride Market 2023-2030 ($M) - Global Industry Research
1.2 Sulfate of Potash Market 2023-2030 ($M) - Global Industry Research
1.3 Potassium Nitrate Market 2023-2030 ($M) - Global Industry Research
2.Global Potash Fertilizers Market By Crop Type Market 2023-2030 ($M)
2.1 Cereals & Grains Market 2023-2030 ($M) - Global Industry Research
2.2 Oilseeds & Pulses Market 2023-2030 ($M) - Global Industry Research
2.3 Fruits & Vegetables Market 2023-2030 ($M) - Global Industry Research
3.Global Potash Fertilizers Market By Form Market 2023-2030 ($M)
3.1 Liquid Market 2023-2030 ($M) - Global Industry Research
3.2 Solid Market 2023-2030 ($M) - Global Industry Research
4.Global Potash Fertilizers Market By Type Market 2023-2030 (Volume/Units)
4.1 Potassium Chloride Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Sulfate of Potash Market 2023-2030 (Volume/Units) - Global Industry Research
4.3 Potassium Nitrate Market 2023-2030 (Volume/Units) - Global Industry Research
5.Global Potash Fertilizers Market By Crop Type Market 2023-2030 (Volume/Units)
5.1 Cereals & Grains Market 2023-2030 (Volume/Units) - Global Industry Research
5.2 Oilseeds & Pulses Market 2023-2030 (Volume/Units) - Global Industry Research
5.3 Fruits & Vegetables Market 2023-2030 (Volume/Units) - Global Industry Research
6.Global Potash Fertilizers Market By Form Market 2023-2030 (Volume/Units)
6.1 Liquid Market 2023-2030 (Volume/Units) - Global Industry Research
6.2 Solid Market 2023-2030 (Volume/Units) - Global Industry Research
7.North America Potash Fertilizers Market By Type Market 2023-2030 ($M)
7.1 Potassium Chloride Market 2023-2030 ($M) - Regional Industry Research
7.2 Sulfate of Potash Market 2023-2030 ($M) - Regional Industry Research
7.3 Potassium Nitrate Market 2023-2030 ($M) - Regional Industry Research
8.North America Potash Fertilizers Market By Crop Type Market 2023-2030 ($M)
8.1 Cereals & Grains Market 2023-2030 ($M) - Regional Industry Research
8.2 Oilseeds & Pulses Market 2023-2030 ($M) - Regional Industry Research
8.3 Fruits & Vegetables Market 2023-2030 ($M) - Regional Industry Research
9.North America Potash Fertilizers Market By Form Market 2023-2030 ($M)
9.1 Liquid Market 2023-2030 ($M) - Regional Industry Research
9.2 Solid Market 2023-2030 ($M) - Regional Industry Research
10.South America Potash Fertilizers Market By Type Market 2023-2030 ($M)
10.1 Potassium Chloride Market 2023-2030 ($M) - Regional Industry Research
10.2 Sulfate of Potash Market 2023-2030 ($M) - Regional Industry Research
10.3 Potassium Nitrate Market 2023-2030 ($M) - Regional Industry Research
11.South America Potash Fertilizers Market By Crop Type Market 2023-2030 ($M)
11.1 Cereals & Grains Market 2023-2030 ($M) - Regional Industry Research
11.2 Oilseeds & Pulses Market 2023-2030 ($M) - Regional Industry Research
11.3 Fruits & Vegetables Market 2023-2030 ($M) - Regional Industry Research
12.South America Potash Fertilizers Market By Form Market 2023-2030 ($M)
12.1 Liquid Market 2023-2030 ($M) - Regional Industry Research
12.2 Solid Market 2023-2030 ($M) - Regional Industry Research
13.Europe Potash Fertilizers Market By Type Market 2023-2030 ($M)
13.1 Potassium Chloride Market 2023-2030 ($M) - Regional Industry Research
13.2 Sulfate of Potash Market 2023-2030 ($M) - Regional Industry Research
13.3 Potassium Nitrate Market 2023-2030 ($M) - Regional Industry Research
14.Europe Potash Fertilizers Market By Crop Type Market 2023-2030 ($M)
14.1 Cereals & Grains Market 2023-2030 ($M) - Regional Industry Research
14.2 Oilseeds & Pulses Market 2023-2030 ($M) - Regional Industry Research
14.3 Fruits & Vegetables Market 2023-2030 ($M) - Regional Industry Research
15.Europe Potash Fertilizers Market By Form Market 2023-2030 ($M)
15.1 Liquid Market 2023-2030 ($M) - Regional Industry Research
15.2 Solid Market 2023-2030 ($M) - Regional Industry Research
16.APAC Potash Fertilizers Market By Type Market 2023-2030 ($M)
16.1 Potassium Chloride Market 2023-2030 ($M) - Regional Industry Research
16.2 Sulfate of Potash Market 2023-2030 ($M) - Regional Industry Research
16.3 Potassium Nitrate Market 2023-2030 ($M) - Regional Industry Research
17.APAC Potash Fertilizers Market By Crop Type Market 2023-2030 ($M)
17.1 Cereals & Grains Market 2023-2030 ($M) - Regional Industry Research
17.2 Oilseeds & Pulses Market 2023-2030 ($M) - Regional Industry Research
17.3 Fruits & Vegetables Market 2023-2030 ($M) - Regional Industry Research
18.APAC Potash Fertilizers Market By Form Market 2023-2030 ($M)
18.1 Liquid Market 2023-2030 ($M) - Regional Industry Research
18.2 Solid Market 2023-2030 ($M) - Regional Industry Research
19.MENA Potash Fertilizers Market By Type Market 2023-2030 ($M)
19.1 Potassium Chloride Market 2023-2030 ($M) - Regional Industry Research
19.2 Sulfate of Potash Market 2023-2030 ($M) - Regional Industry Research
19.3 Potassium Nitrate Market 2023-2030 ($M) - Regional Industry Research
20.MENA Potash Fertilizers Market By Crop Type Market 2023-2030 ($M)
20.1 Cereals & Grains Market 2023-2030 ($M) - Regional Industry Research
20.2 Oilseeds & Pulses Market 2023-2030 ($M) - Regional Industry Research
20.3 Fruits & Vegetables Market 2023-2030 ($M) - Regional Industry Research
21.MENA Potash Fertilizers Market By Form Market 2023-2030 ($M)
21.1 Liquid Market 2023-2030 ($M) - Regional Industry Research
21.2 Solid Market 2023-2030 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Potash Fertilizers Market Revenue, 2023-2030 ($M)
2.Canada Potash Fertilizers Market Revenue, 2023-2030 ($M)
3.Mexico Potash Fertilizers Market Revenue, 2023-2030 ($M)
4.Brazil Potash Fertilizers Market Revenue, 2023-2030 ($M)
5.Argentina Potash Fertilizers Market Revenue, 2023-2030 ($M)
6.Peru Potash Fertilizers Market Revenue, 2023-2030 ($M)
7.Colombia Potash Fertilizers Market Revenue, 2023-2030 ($M)
8.Chile Potash Fertilizers Market Revenue, 2023-2030 ($M)
9.Rest of South America Potash Fertilizers Market Revenue, 2023-2030 ($M)
10.UK Potash Fertilizers Market Revenue, 2023-2030 ($M)
11.Germany Potash Fertilizers Market Revenue, 2023-2030 ($M)
12.France Potash Fertilizers Market Revenue, 2023-2030 ($M)
13.Italy Potash Fertilizers Market Revenue, 2023-2030 ($M)
14.Spain Potash Fertilizers Market Revenue, 2023-2030 ($M)
15.Rest of Europe Potash Fertilizers Market Revenue, 2023-2030 ($M)
16.China Potash Fertilizers Market Revenue, 2023-2030 ($M)
17.India Potash Fertilizers Market Revenue, 2023-2030 ($M)
18.Japan Potash Fertilizers Market Revenue, 2023-2030 ($M)
19.South Korea Potash Fertilizers Market Revenue, 2023-2030 ($M)
20.South Africa Potash Fertilizers Market Revenue, 2023-2030 ($M)
21.North America Potash Fertilizers By Application
22.South America Potash Fertilizers By Application
23.Europe Potash Fertilizers By Application
24.APAC Potash Fertilizers By Application
25.MENA Potash Fertilizers By Application
26.Yara International Asa, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Agrium Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Potash Corporation of Saskatchewan Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Eurochem Group AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.The Mosaic Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Helm AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Borealis AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Sinofert Holdings Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.K+S Aktiengesellschaft, Sales /Revenue, 2015-2018 ($Mn/$Bn)