Press release
Potash Market will be the market trends for Potash Market ? Passport Potash, OAO Uralkali, IC Potash Corp, Agrium, Intrepid Potash, ICL, JSC BELARUSKALI, Nutrien, The Mosaic Company, Vale, PotashCorp
potash
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Market Dynamics
The global potash market size is expected to be valued at US$ 19 million, exhibiting a CAGR of over 4.5% over the forecast period (2019-2027). Increasing demand for fertilizers is one of the major factors driving growth of the global potash market. The demand for food is increasing globally due to increasing population and rapid urbanization. Therefore, for agricultural activities, farmers use potash-based fertilizers for healthy growth of plants.
Market Outlook
On the basis of region, the global potash market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. Asia Pacific holds dominant position in the global potash market, followed by Latin America. Increasing population is one of the major factors that drive growth of the potash market in Asia Pacific region. Increased per capita food consumption and high food inflation due to low crop production are expected to increase demand for potash fertilizers, thereby fueling potash market growth in the region. In Latin America, Brazil is the largest consumer of potash fertilizers.
Key Players
Some of the major players operating in the global potash market include Passport Potash, OAO Uralkali, IC Potash Corp, Agrium, Intrepid Potash, ICL, JSC BELARUSKALI, Nutrien, The Mosaic Company, Vale, PotashCorp, Qinghai Salt Lake, and Belaruskali among others.
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