Global Silicon Fertilizer Market Outlook to 2025 - $125.84 Million Global Industry Share | Growth Drivers And trends

The growth of the global silicon fertilizers market is primarily driven by benefits offered by silicon on crop yield and productivity. Moreover, consistent requirement of effective fertilizers due to poor soil quality have fueled the popularity of micronutrients fertilizers among farmers in the recent years, which indirectly supports the silicon fertilizers market growth. Apart from this, other supplementing factors of silicon fertilizers market include adoption of modern farming technologies, ease of application and low cost of silicon fertilizers.

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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 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. Silicon fertilizers help in the development of plant roots, prevent stalk lodging and decrease some abiotic stress, which promotes upright growth of all field or horticultural crops. Silicon fertilizers help plants in retaining other essential micronutrients such as iron, copper, and boron thus improving productivity along with sustainable production of all agronomic crops.

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Different applications of silicon fertilizer, for example, field crops, hydroponics, and floriculture are expected to exhibit high demand in future. Field crops and horticultural crops are projected to be the top investment pockets owing to increase in consumption of food and demand for healthy & nutritious food among the increasing population across the globe.

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. Rise in demand for field crops owing to change in lifestyle and increase in health awareness have 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.

Silicon Fertilizer Market: https://www.alliedmarketresearch.com/press-release/silicon-fertilizer-market.html

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