The global potassium fertilizer market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 3.2 billion by 2030. The growth of the market is attributed to the increasing demand for potassium fertilizers in various applications such as food crops, cash crops, forage crops and green mature crops. The increase in demand for potassium fertilizers is due to its ability to improve crop yield and quality by improving soil fertility and nutrient availability.
Potassium chloride accounted for the largest share of the global potassium fertilizer market in 2017, followed by potash sulphate, potash nitrate and monopotassium phosphate. Potassium chloride accounted for a share of over 40% in 2017 owing to its high usage rate as an ingredient in various agricultural products such as animal feed supplements and plant nutrients. Potassium sulphate accounted for a share of over 30% owing to its high usage rate as an ingredient in plant nutrients which are used primarily on vegetables like potatoes, tomatoes etc, while potash nitrate accounted for a share of over 20%. Monopotassium phosphate was estimated at around 10%.
- The global population is increasing and the demand for food is also increasing.
- The use of fertilizers in agriculture has increased due to the increase in crop production and yield per acre.
- The use of fertilizers has increased due to the increase in crop production and yield per acre, which has led to a decrease in fertilizer prices, making it more affordable for farmers to buy them.
- There are many new technologies that have been developed that can help reduce fertilizer usage while still maintaining high yields, such as precision farming techniques and genetically modified crops with built-in resistance against pests or diseases; these technologies will help reduce fertilizer usage over time as they become more widespread among farmers around the world.
- Fertilizer prices are expected to remain low because of an increase in supply from countries like Russia.
Industry Growth Insights published a new data on “Potassium Fertilizer Market”. The research report is titled “Potassium Fertilizer Market research by Types (Potassium Chloride, Potassium Sulphate, Potassium Nitrate, Monopotassium Phosphate, Potassium Carbonate, Others), By Applications (Food Crops, Cash Crops, Forage Crops, Green-Mature Crops), By Players/Companies K+S, SABIC, Koch Fertilizer, ICL, Migao Group, Potash Corp, Nutrien, Mosaic, Lushbury Fertilizer Corporation, SQM, Compass Minerals, APC”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Potassium Fertilizer Market Research Report
By Type
Potassium Chloride, Potassium Sulphate, Potassium Nitrate, Monopotassium Phosphate, Potassium Carbonate, Others
By Application
Food Crops, Cash Crops, Forage Crops, Green-Mature Crops
By Companies
K+S, SABIC, Koch Fertilizer, ICL, Migao Group, Potash Corp, Nutrien, Mosaic, Lushbury Fertilizer Corporation, SQM, Compass Minerals, APC
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Potassium Fertilizer Market Report Segments:
The global Potassium Fertilizer market is segmented on the basis of:
Types
Potassium Chloride, Potassium Sulphate, Potassium Nitrate, Monopotassium Phosphate, Potassium Carbonate, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food Crops, Cash Crops, Forage Crops, Green-Mature Crops
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- K+S
- SABIC
- Koch Fertilizer
- ICL
- Migao Group
- Potash Corp
- Nutrien
- Mosaic
- Lushbury Fertilizer Corporation
- SQM
- Compass Minerals
- APC
Highlights of The Potassium Fertilizer Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Potassium Chloride
- Potassium Sulphate
- Potassium Nitrate
- Monopotassium Phosphate
- Potassium Carbonate
- Others
- By Application:
- Food Crops
- Cash Crops
- Forage Crops
- Green-Mature Crops
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Potassium Fertilizer Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Potassium fertilizer is a type of fertilizer that helps plants grow by providing them with the necessary nutrients. It is often used in gardens to help plants grow taller and healthier.
Some of the major players in the potassium fertilizer market are K+S, SABIC, Koch Fertilizer, ICL, Migao Group, Potash Corp, Nutrien, Mosaic, Lushbury Fertilizer Corporation, SQM, Compass Minerals, APC.
The potassium fertilizer market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Potassium Fertilizer Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Potassium Fertilizer Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Potassium Fertilizer Market - Supply Chain
4.5. Global Potassium Fertilizer Market Forecast
4.5.1. Potassium Fertilizer Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Potassium Fertilizer Market Size (000 Units) and Y-o-Y Growth
4.5.3. Potassium Fertilizer Market Absolute $ Opportunity
5. Global Potassium Fertilizer Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Potassium Fertilizer Market Size and Volume Forecast by Type
5.3.1. Potassium Chloride
5.3.2. Potassium Sulphate
5.3.3. Potassium Nitrate
5.3.4. Monopotassium Phosphate
5.3.5. Potassium Carbonate
5.3.6. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Potassium Fertilizer Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Potassium Fertilizer Market Size and Volume Forecast by Application
6.3.1. Food Crops
6.3.2. Cash Crops
6.3.3. Forage Crops
6.3.4. Green-Mature Crops
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Potassium Fertilizer Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Potassium Fertilizer Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Potassium Fertilizer Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Potassium Fertilizer Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Potassium Fertilizer Demand Share Forecast, 2019-2026
9. North America Potassium Fertilizer Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Potassium Fertilizer Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Potassium Fertilizer Market Size and Volume Forecast by Application
9.4.1. Food Crops
9.4.2. Cash Crops
9.4.3. Forage Crops
9.4.4. Green-Mature Crops
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Potassium Fertilizer Market Size and Volume Forecast by Type
9.7.1. Potassium Chloride
9.7.2. Potassium Sulphate
9.7.3. Potassium Nitrate
9.7.4. Monopotassium Phosphate
9.7.5. Potassium Carbonate
9.7.6. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Potassium Fertilizer Demand Share Forecast, 2019-2026
10. Latin America Potassium Fertilizer Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Potassium Fertilizer Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Potassium Fertilizer Market Size and Volume Forecast by Application
10.4.1. Food Crops
10.4.2. Cash Crops
10.4.3. Forage Crops
10.4.4. Green-Mature Crops
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Potassium Fertilizer Market Size and Volume Forecast by Type
10.7.1. Potassium Chloride
10.7.2. Potassium Sulphate
10.7.3. Potassium Nitrate
10.7.4. Monopotassium Phosphate
10.7.5. Potassium Carbonate
10.7.6. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Potassium Fertilizer Demand Share Forecast, 2019-2026
11. Europe Potassium Fertilizer Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Potassium Fertilizer Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Potassium Fertilizer Market Size and Volume Forecast by Application
11.4.1. Food Crops
11.4.2. Cash Crops
11.4.3. Forage Crops
11.4.4. Green-Mature Crops
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Potassium Fertilizer Market Size and Volume Forecast by Type
11.7.1. Potassium Chloride
11.7.2. Potassium Sulphate
11.7.3. Potassium Nitrate
11.7.4. Monopotassium Phosphate
11.7.5. Potassium Carbonate
11.7.6. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Potassium Fertilizer Demand Share, 2019-2026
12. Asia Pacific Potassium Fertilizer Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Potassium Fertilizer Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Potassium Fertilizer Market Size and Volume Forecast by Application
12.4.1. Food Crops
12.4.2. Cash Crops
12.4.3. Forage Crops
12.4.4. Green-Mature Crops
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Potassium Fertilizer Market Size and Volume Forecast by Type
12.7.1. Potassium Chloride
12.7.2. Potassium Sulphate
12.7.3. Potassium Nitrate
12.7.4. Monopotassium Phosphate
12.7.5. Potassium Carbonate
12.7.6. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Potassium Fertilizer Demand Share, 2019-2026
13. Middle East & Africa Potassium Fertilizer Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Potassium Fertilizer Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Potassium Fertilizer Market Size and Volume Forecast by Application
13.4.1. Food Crops
13.4.2. Cash Crops
13.4.3. Forage Crops
13.4.4. Green-Mature Crops
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Potassium Fertilizer Market Size and Volume Forecast by Type
13.7.1. Potassium Chloride
13.7.2. Potassium Sulphate
13.7.3. Potassium Nitrate
13.7.4. Monopotassium Phosphate
13.7.5. Potassium Carbonate
13.7.6. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Potassium Fertilizer Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Potassium Fertilizer Market: Market Share Analysis
14.2. Potassium Fertilizer Distributors and Customers
14.3. Potassium Fertilizer Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. K+S
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. SABIC
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Koch Fertilizer
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. ICL
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Migao Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Potash Corp
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Nutrien
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Mosaic
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Lushbury Fertilizer Corporation
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. SQM
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Compass Minerals
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. APC
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
