Potash Fertilizers Market

Global Potash Fertilizers Market Size (2024 to 2029)

The global potash fertilizers market size is expected to reach USD 32.72 billion in 2024 and reach USD 40.97 billion by 2029, growing at a CAGR of 4.6% from 2024 to 2029.

The fertilizers which have potassium as the major component are known as potash fertilizers. Potassium is one of the three macronutrients required by 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 on a 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.

Market Drivers

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

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Potash Fertilizers Market By Product Type

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

Global Potash Fertilizers Market By Crop Type

Fruits and vegetable segments hold the largest market share because due to the major role of potassium in the uptake of water and water retention. Also, it improves the nutrient value of fruits and vegetables.

Global Potash Fertilizers Market By Application

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.

REGIONAL ANALYSIS

The Asia Pacific leads the Potash Fertilizers market. It is due to the large usage of potash fertilizers in China and India which are the countries with large agricultural land. 

KEY MARKET PLAYERS

Eurochem, Israel Chemicals Ltd, Yara International ASA, K+S Aktiengesellschaft, SQM, The Mosaic Company, Sinofert Holdings, Agrium Inc, CF industries, Potash Corporation. Some of the market players dominate the global potash fertilizers market.

DETAILED SEGMENTATION OF THE GLOBAL POTASH FERTILIZERS MARKET INCLUDED IN THIS REPORT

This research report on the global feed pelletizing agents market has been segmented and sub-segmented product type, crop type, form, application and region.

By Product Type

• Sulfate of Potash
• Potassium Chloride
• Potassium Nitrate

By Crop Type

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

By Form

• Solid and liquid

By Application

• Foliar
• Broadcasting
• Fertigation

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa