Market Overview:
The global potassium phosphite market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for potassium phosphite as a fungicide and fertilize. In addition, the growing awareness about the benefits of using potassium phosphite is also contributing to the growth of this market. On the basis of type, liquid accounted for a larger share in 2017 and is expected to continue its dominance during the forecast period. This can be attributed to its easy handling and transportation properties compared with solid form. On account of these advantages, liquid form is more popular among end users than solid form.
Product Definition:
Potassium phosphite is a potassium salt of phosphorous acid. It can be used as an agricultural fungicide and has some limited insecticidal properties.
Liquid:
Liquid is a potassium salt of phosphoric acid. It is a colorless and highly viscous material, which can be represented by the formula K2HPO4. The liquid has an odor similar to that of strong vinegar and tastes slightly sweet.
Solid:
Potassium phosphite is a salt formed by mixing potash (KCl) and phosphate (P2O5). It is commercially available in two forms including solid and liquid. The solid form of the product can be used as an additive to food products, whereas the liquid form can be used as a fertilizer or pesticide.
Application Insights:
The potassium phosphite market is segmented on the basis of application into fungicide, fertilize, and others. The other applications include use as a de-icing agent for roads and walkways or to remove rust from iron. Potassium phosphite is used in various industries including food & beverages, paper & pulp, personal care & cosmetics due to its superior properties such as high pH value (10) which makes it ideal for cleaning and sanitizing surfaces. It also acts as a natural disinfectant which eliminates germs causing infections at the source by destroying 99.9% of all bacteria with its high concentration making it an effective substitute for formalin in medical applications.
Fertilizer was estimated to be the largest application segment owing to increasing demand from emerging economies such as India and China coupled with growing awareness regarding crop nutrition among farmers across regions globally.
Regional Analysis:
Asia Pacific was the largest market for potassium phosphite, accounting for a revenue share of over 45% in 2017. The region is expected to continue its dominance over the forecast period owing to high product demand from agriculture and horticulture sector. China is one of the major producers and consumers of potassium phosphite globally. Rapid industrialization coupled with increasing investments in agricultural research by Chinese government has led to an increase in production capacity as well as consumption volume, which will further propel industry growth during the forecast period.
Europe accounted for a significant market share in terms of volume due to increased use across several industries including agrochemicals, pharmaceuticals, textiles and paper manufacturing among others.
Growth Factors:
- Increasing demand for potassium phosphite in agriculture sector as a fertilizer to improve crop yield and quality.
- Rising awareness about the benefits of potassium phosphite among farmers is expected to boost the demand for the product over the forecast period.
- Growing use of potassium phosphite as a biostimulant in horticulture and floriculture industry is another key factor anticipated to fuel market growth over the next few years.
- Stringent regulations pertaining to use of synthetic fertilizers is projected to create lucrative opportunities for potassium phosphite market players in near future.
Scope Of The Report
Report Attributes
Report Details
Report Title
Potassium Phosphite Market Research Report
By Type
Liquid, Solid
By Application
Fungicide, Fertilize, Other
By Companies
Van Iperen, PHOENIX ENVIRONMENTAL CARE, Suzhou Coonit Fine Chemical Technology, Luxembourg-Pamol, Plant Food Company, Growth Products, Australian Agricultural Chemicals, Rudong Huayun Chem, Currie Chemical, AGRI Nova, Agrowchem, Plant Food Systems, Pacific Agriscience
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Potassium Phosphite Market Report Segments:
The global Potassium Phosphite market is segmented on the basis of:
Types
Liquid, Solid
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
Fungicide, Fertilize, Other
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:
- Van Iperen
- PHOENIX ENVIRONMENTAL CARE
- Suzhou Coonit Fine Chemical Technology
- Luxembourg-Pamol
- Plant Food Company
- Growth Products
- Australian Agricultural Chemicals
- Rudong Huayun Chem
- Currie Chemical
- AGRI Nova
- Agrowchem
- Plant Food Systems
- Pacific Agriscience
Highlights of The Potassium Phosphite 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:
- Liquid
- Solid
- By Application:
- Fungicide
- Fertilize
- Other
- 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 Phosphite 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 phosphite is a white crystalline powder that is used as a food additive and in the manufacture of paper. It has a sour taste and can cause stomach upset if ingested in large quantities.
Some of the key players operating in the potassium phosphite market are Van Iperen, PHOENIX ENVIRONMENTAL CARE, Suzhou Coonit Fine Chemical Technology, Luxembourg-Pamol, Plant Food Company, Growth Products, Australian Agricultural Chemicals, Rudong Huayun Chem, Currie Chemical, AGRI Nova, Agrowchem, Plant Food Systems, Pacific Agriscience.
The potassium phosphite market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Potassium Phosphite 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 Phosphite Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Potassium Phosphite Market - Supply Chain
4.5. Global Potassium Phosphite Market Forecast
4.5.1. Potassium Phosphite Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Potassium Phosphite Market Size (000 Units) and Y-o-Y Growth
4.5.3. Potassium Phosphite Market Absolute $ Opportunity
5. Global Potassium Phosphite 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 Phosphite Market Size and Volume Forecast by Type
5.3.1. Liquid
5.3.2. Solid
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Potassium Phosphite 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 Phosphite Market Size and Volume Forecast by Application
6.3.1. Fungicide
6.3.2. Fertilize
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Potassium Phosphite 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 Phosphite 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 Phosphite 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 Phosphite 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 Phosphite Demand Share Forecast, 2019-2026
9. North America Potassium Phosphite 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 Phosphite 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 Phosphite Market Size and Volume Forecast by Application
9.4.1. Fungicide
9.4.2. Fertilize
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Potassium Phosphite Market Size and Volume Forecast by Type
9.7.1. Liquid
9.7.2. Solid
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 Phosphite Demand Share Forecast, 2019-2026
10. Latin America Potassium Phosphite 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 Phosphite 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 Phosphite Market Size and Volume Forecast by Application
10.4.1. Fungicide
10.4.2. Fertilize
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Potassium Phosphite Market Size and Volume Forecast by Type
10.7.1. Liquid
10.7.2. Solid
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 Phosphite Demand Share Forecast, 2019-2026
11. Europe Potassium Phosphite 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 Phosphite 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 Phosphite Market Size and Volume Forecast by Application
11.4.1. Fungicide
11.4.2. Fertilize
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Potassium Phosphite Market Size and Volume Forecast by Type
11.7.1. Liquid
11.7.2. Solid
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 Phosphite Demand Share, 2019-2026
12. Asia Pacific Potassium Phosphite 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 Phosphite 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 Phosphite Market Size and Volume Forecast by Application
12.4.1. Fungicide
12.4.2. Fertilize
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Potassium Phosphite Market Size and Volume Forecast by Type
12.7.1. Liquid
12.7.2. Solid
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 Phosphite Demand Share, 2019-2026
13. Middle East & Africa Potassium Phosphite 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 Phosphite 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 Phosphite Market Size and Volume Forecast by Application
13.4.1. Fungicide
13.4.2. Fertilize
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Potassium Phosphite Market Size and Volume Forecast by Type
13.7.1. Liquid
13.7.2. Solid
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 Phosphite Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Potassium Phosphite Market: Market Share Analysis
14.2. Potassium Phosphite Distributors and Customers
14.3. Potassium Phosphite Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Van Iperen
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. PHOENIX ENVIRONMENTAL CARE
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Suzhou Coonit Fine Chemical Technology
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Luxembourg-Pamol
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Plant Food Company
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Growth Products
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Australian Agricultural Chemicals
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Rudong Huayun Chem
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Currie Chemical
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. AGRI Nova
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Agrowchem
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Plant Food Systems
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Pacific Agriscience
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
