Potash is an important part of the plant health and enough supply must be available in the soil to maintain good growth. Fertilizers potassium is also known as potash which is usually derives from a method in which the potassium was extracted from wood ashes and collected in huge iron pots by diffusing the leachate. Lack of potash in plants can lower yields, weaker stems, decrease their quality, reduce their response to nitrogen and also resistance to disease can be lowered as well. Different types of fertilizers which provide potassium to a fertilizer blends.
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Some of the factors which are responsible for the growth of this potash fertilizers market in the forecast period of 2019- 2026 are:
The Global Potash Fertilizers Market is segmented based on crop type, form, and application. Based on crop type, the global potash fertilizers market is segmented into cereals & grains, oilseeds & pulses, fruits & vegetables and others. On the basis of application method, the global potash fertilizers market is classified into broadcasting, foliar, and fertigation. On the basis of form, the global potash fertilizers market is classified into liquid, and solid.
Many companies are making many launches and acquisition in the potash fertilizers market which will help them to enhance their market position and increase the demand for product in the market. Some of the recent developments in the market are:
Potash fertilizers market is expected to reach USD 31.33 billion by 2025, at a CAGR of 4.7% during the forecast period of 2018 to 2025
Some of the major players operating in the global potash fertilizers market are - 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 S.A. (SQM), Borealis AG, Sinofert Holdings Limited, K+S Aktiengesellschaft, Potash corporation, Mosaic, ICL Ltd, Uralkali, CF industries, Yara International ASA, Sociedad Qumica Y Minera De Chile S.A. (SQM), Sinofert Holdings Limited, The Mosaic Company, Agrium Inc, Eurochem Group AG, Israel Chemicals Ltd, JSC Belaruskali and many more.
Increasing investment in the agricultural activities and rising application of potash fertilizers are the factors which will affect the growth of this market. There is rising demand to enhance the pasture production will also drive market. Advancement and development in the farming industry will also create new opportunities for the market to grow. There is also increasing need to protect plants from harmful pathogens which is also create new opportunities for this market to grow in the forecast period of 2018 to 2025.
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Global Potash Fertilizers Market– Industry Trends and Forecast to 2025