Middle East And Africa Potash Fertilizers Market

Middle East and Africa Potash Fertilizers Market Size (2024 to 2032)

The Middle East and Africa potash fertilizers market was expected to be valued at USD 2.05 billion in 2023 and is anticipated to reach USD 2.14 billion in 2024 from USD 3.05 billion by 2032, growing at a CAGR of 4.5% from 2024 to 2032.

The fertilizers in which has potassium as the major component are known as potash fertilizers. Potassium is one of the three macronutrients required by the plants and helps plants in the water uptake and synthesis of plant sugars. Potassium is available in foods derived from plants and is very useful for humans as well.

Generally, plants absorb potassium from the soil. However, in certain types of soils, potassium content is low or non-existent. Potash is manufactured in commercial scale as fertilizer to be used in such soils. It is also used to improve the yield of the crops and the nutrient value. Potassium deficiency in plants results in a decrease in crop yield, poor water utility, and a decrease in pest resistance.

The decrease of potash content in many of the agricultural soils due to the aggressive farming over the years has increased the demand for potash fertilizers. Increasing requirement to enhance the yield of the crops in the limited land, increasing food demand due to the growing population and increasing in government initiatives to increase agricultural productivity are driving the market growth. However, volatility of prices of potash fertilizers and growing demand for organic crop cultivation are hindering the market growth.

The Middle East and Africa Potash Fertilizers Market is segmented and sub-segmented into the following categories.

Middle East and Africa Potash Fertilizers Market Analysis By Product Type

• Sulfate of Potash
• Potassium Chloride
• Potassium Nitrate

Sulfate of potash is the most common type of potash fertilizer used by farmers and hence this segment holds the largest share in the market.

Middle East and Africa Potash Fertilizers Market Analysis By Crop Type

• Fruits and Vegetables
• Cereals and Grains
• Oilseeds and pulses

The fruits and vegetables segment holds the largest market share due to the major role of potassium in the uptake of water and water retention. Also, it improves the nutrient value of the fruits and vegetables.

Middle East and Africa Potash Fertilizers Market Analysis By Form

• solid and liquid

Middle East and Africa Potash Fertilizers Market Analysis By Application Method

• Foliar
• Broadcasting
• Fertigation

The fertigation segment is the fastest-growing method of fertilizer application due to the increasing demand for micro irrigation in agriculture, especially in large-scale farming.

COUNTRY ANALYSIS

• KSA
• UAE
• Israel
• Rest Of GCC Countries
• South Africa
• Ethiopia
• Kenya
• Egypt
• Sudan
• Rest Of MEA

On the basis of region, the Potash Fertilizers market is analyzed under Middle East and Africa regions. Middle East regions consist of world’s largest potash mines. Numerous potash fertilizer manufacturers are present in this region and hence it leads the potash fertilizer market in this region.

KEY PLAYERS IN THE MIDDLE EAST AND AFRICA POTASH FERTILIZERS MARKET

Eurochem, Israel Chemicals Ltd, Yara International ASA, K+S Aktiengesellschaft, SQM, The Mosaic Company, Sinofert Holdings, Agrium Inc, CF industries, Potash Corporation. These are the market players dominating the potash fertilizer market in the Middle East and Africa.