Market Overview:
The global potassium sulfate compound fertilizer market is estimated to grow at a CAGR of 3.5% during the forecast period 2018-2030. The growth in the market can be attributed to the increasing demand for food owing to the growing population and rising income levels, which in turn is leading to an increase in demand for fertilizers. Additionally, government initiatives towards promoting agriculture and horticulture are also contributing to the growth of this market. On the basis of type, liquid fertilizers accounted for a larger share of the global potassium sulfate compound fertilizer market in 2017. This can be attributed to their easy handling and transportation as well as lower application costs as compared with solid fertilizers. However, solid fertilizers are expected to witness higher growth rates during the forecast period owing to their longer shelf life and better nutrient retention properties as compared with liquid fertilizers.
Product Definition:
Potassium sulfate is a compound fertilizer that is high in potassium and sulfur. It can be used to boost the potassium levels in soils that are low in potassium, or to add sulfur to soils that are low in sulfur. Potassium sulfate is also a good source of magnesium, which can help plants tolerate drought conditions.
Liquid Fertilizers:
Liquid fertilizers are a group of chemicals, which are applied to the soil in the form of liquids. The liquid fertilizer is made up of one or more soluble fertilizer components (nitrogen, phosphorus and potassium) along with water. When applied to soil, these fertilizers enhance the physical properties such as moisture retention and nutrient availability for plant growth.
Solid Fertilizers:
Solid fertilizers are also known as stable or conventional fertilizers. They are the most commonly used type of fertilizer and account for a significant share in the global market. Conventional solid fertilizers include urea, ammonia, phosphate rock, monocalcium phosphate (MCP), and diammonium hydrogen orthophosphate (DAP). Ammonia based fertilizer is one of the widely used products owing to its high nitrogen content which makes it suitable for plants that require strong growths.
Application Insights:
The agriculture application segment led the market and accounted for more than 70% of the global potassium sulfate compound fertilizer consumption in 2017. The segment is expected to witness significant growth over the forecast period owing to rising demand from major agricultural economies such as India, China, Brazil and Australia.
Rising awareness among farmers regarding improved crop quality and yield has resulted in a rise in research & development activities pertaining to new technology, techniques and products for fertilizing soil. This has driven innovation within the industry with various new product launches that cater to varied farming needs across different regions globally.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a major share of potassium sulfate compound fertilizer consumption on account of large-scale production of fruits and vegetables as well as tobacco in China, India, Japan, Australia, and New Zealand. In addition to this, rising demand for meat products such as beef is anticipated to drive product demand further.
The growing population coupled with increasing income levels has led to an increase in food consumption patterns across Asia Pacific countries such as India and China resulting into high growth potential for the agriculture industry within these nations over the next eight years.
Growth Factors:
- Increasing demand for food due to population growth
- Rising awareness about the benefits of using potassium sulfate compound fertilizer
- Government initiatives and subsidies for promoting the use of potassium sulfate compound fertilizer
- Technological advancements in agriculture that help farmers optimize their yields with potassium sulfate compound fertilizer
- Growing popularity of organic farming, which favors the use of natural fertilizers like potassium sulfate
Scope Of The Report
Report Attributes
Report Details
Report Title
Potassium Sulfate Compound Fertilizer Market Research Report
By Type
Liquid Fertilizers, Solid Fertilizers
By Application
Agriculture, Horticulture
By Companies
Sinochem, Hanfeng, Agrium, Growth Products, Helena Chemicals, Kugler Company, Lebanon Seaboard, Georgia-Pacific, Sinochem, Kingenta, LUXI, STANLEY, WengFu Group, Hubei Xinyangfeng
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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Potassium Sulfate Compound Fertilizer Market Report Segments:
The global Potassium Sulfate Compound Fertilizer market is segmented on the basis of:
Types
Liquid Fertilizers, Solid Fertilizers
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
Agriculture, Horticulture
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:
- Sinochem
- Hanfeng
- Agrium
- Growth Products
- Helena Chemicals
- Kugler Company
- Lebanon Seaboard
- Georgia-Pacific
- Sinochem
- Kingenta
- LUXI
- STANLEY
- WengFu Group
- Hubei Xinyangfeng
Highlights of The Potassium Sulfate Compound 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:
- Liquid Fertilizers
- Solid Fertilizers
- By Application:
- Agriculture
- Horticulture
- 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 Sulfate Compound 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.
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
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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 sulfate is a compound fertilizer that helps to improve the growth of plants. It is used to fertilize plants in soil or water.
Some of the major companies in the potassium sulfate compound fertilizer market are Sinochem, Hanfeng, Agrium, Growth Products, Helena Chemicals, Kugler Company, Lebanon Seaboard, Georgia-Pacific, Sinochem, Kingenta, LUXI, STANLEY, WengFu Group, Hubei Xinyangfeng.
The potassium sulfate compound fertilizer market is expected to register a CAGR of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Potassium Sulfate Compound 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 Sulfate Compound 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 Sulfate Compound Fertilizer Market - Supply Chain
4.5. Global Potassium Sulfate Compound Fertilizer Market Forecast
4.5.1. Potassium Sulfate Compound Fertilizer Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Potassium Sulfate Compound Fertilizer Market Size (000 Units) and Y-o-Y Growth
4.5.3. Potassium Sulfate Compound Fertilizer Market Absolute $ Opportunity
5. Global Potassium Sulfate Compound 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 Sulfate Compound Fertilizer Market Size and Volume Forecast by Type
5.3.1. Liquid Fertilizers
5.3.2. Solid Fertilizers
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Potassium Sulfate Compound 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 Sulfate Compound Fertilizer Market Size and Volume Forecast by Application
6.3.1. Agriculture
6.3.2. Horticulture
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Potassium Sulfate Compound 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 Sulfate Compound 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 Sulfate Compound 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 Sulfate Compound 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 Sulfate Compound Fertilizer Demand Share Forecast, 2019-2026
9. North America Potassium Sulfate Compound 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 Sulfate Compound 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 Sulfate Compound Fertilizer Market Size and Volume Forecast by Application
9.4.1. Agriculture
9.4.2. Horticulture
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Potassium Sulfate Compound Fertilizer Market Size and Volume Forecast by Type
9.7.1. Liquid Fertilizers
9.7.2. Solid Fertilizers
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 Sulfate Compound Fertilizer Demand Share Forecast, 2019-2026
10. Latin America Potassium Sulfate Compound 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 Sulfate Compound 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 Sulfate Compound Fertilizer Market Size and Volume Forecast by Application
10.4.1. Agriculture
10.4.2. Horticulture
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Potassium Sulfate Compound Fertilizer Market Size and Volume Forecast by Type
10.7.1. Liquid Fertilizers
10.7.2. Solid Fertilizers
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 Sulfate Compound Fertilizer Demand Share Forecast, 2019-2026
11. Europe Potassium Sulfate Compound 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 Sulfate Compound 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 Sulfate Compound Fertilizer Market Size and Volume Forecast by Application
11.4.1. Agriculture
11.4.2. Horticulture
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Potassium Sulfate Compound Fertilizer Market Size and Volume Forecast by Type
11.7.1. Liquid Fertilizers
11.7.2. olid Fertilizers
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 Sulfate Compound Fertilizer Demand Share, 2019-2026
12. Asia Pacific Potassium Sulfate Compound 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 Sulfate Compound 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 Sulfate Compound Fertilizer Market Size and Volume Forecast by Application
12.4.1. Agriculture
12.4.2. Horticulture
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Potassium Sulfate Compound Fertilizer Market Size and Volume Forecast by Type
12.7.1. Liquid Fertilizers
12.7.2. Solid Fertilizers
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 Sulfate Compound Fertilizer Demand Share, 2019-2026
13. Middle East & Africa Potassium Sulfate Compound 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 Sulfate Compound 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 Sulfate Compound Fertilizer Market Size and Volume Forecast by Application
13.4.1. Agriculture
13.4.2. Horticulture
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Potassium Sulfate Compound Fertilizer Market Size and Volume Forecast by Type
13.7.1. Liquid Fertilizers
13.7.2. Solid Fertilizers
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 Sulfate Compound Fertilizer Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Potassium Sulfate Compound Fertilizer Market: Market Share Analysis
14.2. Potassium Sulfate Compound Fertilizer Distributors and Customers
14.3. Potassium Sulfate Compound Fertilizer Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Sinochem
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Hanfeng
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Agrium
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Growth Products
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Helena Chemicals
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Kugler Company
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Lebanon Seaboard
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Georgia-Pacific
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Sinochem
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Kingenta
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. LUXI
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. STANLEY
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. WengFu Group
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Hubei Xinyangfeng
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
