Potash fertilizer Market Regional Outlook, Competitive Strategies Factors, Contributing To Growth And Forecast 2022

Global Potash fertilizer market is expected to grow at a significant CAGR in the upcoming years as the scope, product types and its applications are increasing across the globe. Potash fertilizers’ demand is expected to rise because of an alarming rate of food consumption, rising population and the necessity to continue a clean and healthy lifestyle. Potash fertilizers are used for enhancing crop growth by providing nutrition contents to them.

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Additionally, Potash Fertilizers help in the enhancement of plant quality and raise its shelf life. The potash fertilizer industry is reliant on the responsiveness of farmers concerning the product, developmental technologies in the farming region, and even credit availability.  Potash fertilizer market is categorized based on crop type, applications, product types, form and geography. Potash fertilizer market is categorized based on crop types such as Oilseeds & pulses (Soybean, Canola, Sunflower, Cereals & grains (Rice, Corn, Wheat, Barley, Others (Peas and palm oil)), Fruits & vegetables (Apples, Tomato, Citrus, Others (Brassica and berry)), Others (Sugarcane, sugar beet, and fiber crops).

Potash fertilizer market is categorized based on application into Broadcasting, Foliar, Fertigation. The market is categorized based on product types such as Potassium chloride, Potassium nitrate, Sulfate of Potash (SOP), Others. Potash fertilizer industry is categorized based on form such as Solid, Liquid. Potash fertilizer market is categorized based on geography into Asia Pacific (China, India, ASEAN, Australia & New Zealand), Japan, Middle East and Africa (GCC countries, S. Africa, Rest Of MEA), North America (U.S., Canada), Latin America (Brazil, Rest of Latin America), Western Europe (Germany, Italy, France, England, Spain, Rest of Western Europe), and Eastern Europe (Poland, Russia, Rest of Eastern Europe).

Asia-Pacific has been at the forefront with regards to Potash fertilizer market and will continue to rule the roost in the years to come. Some of the key players that fuel the growth of the industry include:

·         The Mosaic Company,

·         Eurochem Group AG,

·         Sociedad Qumica Y Minera De Chile S.A. (SQM),

·         JSC Belaruskali,

·         K+S Aktiengesellschaft,

·         Potash Corporation of Saskatchewan Inc,

·         Sinochem Group,

·         Helm AG,

·         Agrium Inc.,

·         Borealis AG,

·         Yara International ASA,

·         Israel Chemicals Ltd.

The key players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour. 

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