Silicon Fertilizer Market projected to reach $125.84 million by 2025: Global opportunity and forecast - Top industry players profiled Agripower, Aries Agro Ltd., BASF SE, Compass Minerals International, Inc., Denka Co. Ltd., MaxSil, Plant Tuff Inc., Redox

Silicon is the second most abundant chemical in the earth's crust after oxygen. Naturally, silicon occurs as oxides and silicates and is utilized as a fertilizer owing to the nourishment of crops and resistance to several plant diseases. Silicon plays a large role in plant growth, mineral nutrition, mechanical strength, and resistance to fungal diseases, herbivory, and adverse chemical conditions.

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The global silicon fertilizers market was valued at $87.43 million in 2016 and is projected to reach $125.84 million by 2025, registering a CAGR of 4.1% from 2017 to 2025. In 2016, the field crops application segment accounted for more than 50% share of the global silicon fertilizers market in terms of value.

Silicon fertilizers are essential elements for plant growth and play an important role in balanced crop nutrition. A silicon deficiency can lead to various diseases in plants such as powdery mildew, septoria and eye-spot, insect pests and others that can reduce the quality and quantity of plants. Silicon enhances the plant's ability to resist micronutrient and other metal toxicities such as aluminum, copper, iron, manganese, and zinc, which helps enhance the productivity and growth of crops. Silicon fertilizers find extensive applications in agribusiness, thereby driving the silicon fertilizer industry. The requirement of effective fertilizers is on the rise due to poor soil quality, and therefore, the effectiveness of micronutrients for enhancing the crop yield and productivity with minimum cost have fueled the popularity of silicon fertilizer indirectly among farmers in the recent years.

Comprehensive and Competitive Analysis of Prominent Silicon Fertilizer Industry Players

•Agripower
•Aries Agro Ltd.
•BASF SE
•Compass Minerals International Inc.
•Denka Co. Ltd.
•MaxSil
•Plant Tuff Inc.
•Redox Pty Ltd.
•The Mosaic Company
•Yara International ASA.

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Calcium silicate, sodium silicate, potassium silicate, are some of the major types of silicon fertilizers that are required by crops and plants. Calcium silicate is the most commonly used silicon fertilizer, which is obtained as a by-product of steel and phosphorus production. The rise in demand for field crops owing to change in lifestyle and an increase in health awareness has driven the demand for calcium silicate. Moreover, factors that boost the demand for calcium silicate include high yield per hectare and increased requirement of fruits and vegetables globally.

Analyst Review:

Silicon fertilizers are increasingly deployed in agricultural production to enhance the nutrient level in soil and promote growth of crops. Increase in the global population along with rapid urbanization has consistently fueled the demand for nutritious & protein-rich food. Therefore, to produce high quality and uniform crop yield as well as cater to the increase in global demands, food growers are focusing on the use of effective & efficient micronutrients fertilizers, which indirectly supports the growth of the silicon fertilizers market. In addition, growth of the agriculture industry and expansion of planted areas across the globe have resulted in an increase in demand for silicon fertilizers, and thus, fueling the growth of the global silicon fertilizer market.

Silicon fertilizers have gained popularity among farmers in the recent years owing to increase in awareness regarding the benefits of these fertilizers, rise in farm expenditure, ease of application, and effectiveness for crop yield & productivity. In addition, growing popularity of hydroponic system field areas and easy availability of fertilizers at low and subsidized rates encourage farmers to use them effectively.

The Asia-Pacific silicon fertilizers market offers lucrative opportunities for market players owing to the growth of the agriculture industry. This helps cater to the substantial rise in the global demand for food. In addition, the field crop segment is expected to exhibit high potential due to continuous technological advancements and increased demands. Furthermore, investment initiatives by government and private manufacturers fuel the activities pertaining to new product developments, which in turn boosts the market growth.

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