Potassium Fertilizer Market Report: Projected Growth from USD 38.50 Billion in 2024 to USD 38.78 Billion by 2030

LOS ANGELES, United States: The report offers in-depth analysis of the global Potassium Fertilizer market taking into account market dynamics, segmentation, geographical expansion, competitive landscape, and various other key aspects. The market analysts who have prepared the report have thoroughly studied the global Potassium Fertilizer market and have offered reliable and accurate data. The report analyses the current trends, growth opportunities, competitive pricing, restraining factors, and boosters that may have an impact on the overall dynamics of the global Potassium Fertilizer market. The report analytically studies the microeconomic and macroeconomic factors affecting the global Potassium Fertilizer market growth. New and emerging technologies that may influence the global Potassium Fertilizer market growth are also being studied in the report.

According to the new market research report "Potassium Fertilizer - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030", published by QYResearch, the global Potassium Fertilizer market size is projected to grow from USD 38.50 billion in 2024 to USD 38.78 billion by 2030, at a CAGR of 0.12% during the forecast period (2024-2030).

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This report profiles key players of Potassium Fertilizer such as Nutrien Ltd., Uralkali, The Mosaic Company, Belaruskali, K+S Aktiengesellschaft, ICL Group Ltd., QingHai Salt Lake Industry Co., Ltd., Arab Potash Company, EuroChem Group AG, Sociedad Química y Minera de Chile S.A, SDIC Xinjiang Luobupo Potash Co., Ltd., Fully Hong Kong Limited, Haifa Group, Compass Minerals International, Inc., Wentong Potassium Salt Group Co., Ltd., Yara International ASA, Qinghai CITIC Guoan Technology Development Co., Ltd., Migao Group Holdings Limited, Intrepid Potash, Inc., etc.

In 2023, the global top five Potassium Fertilizer players account for 53.60% of market share in terms of revenue. Above figure shows the key players ranked by revenue in Potassium Fertilizer.

Market Drivers:

D1: Advanced production technology. In order to improve market competitiveness, potash fertilizer manufacturers have been focusing on improving production processes and equipment. With the improvement and advancement of various related technologies, various potash fertilizer products will become more abundant and diverse. The concentration and physical properties of nutrients are also expected to gradually increase, and the production process will be more intelligent and environmentally friendly, thereby driving the upgrading and development of the industry.

D2: With the increase in food diversity and the promotion of healthy eating concepts, the diet structure has been improved. Fruits, vegetables and other commercial crops have higher demand for potassium fertilizer than other agricultural products, and the production and consumption growth of these products will continue to drive the demand for potassium fertilizer. The growing demand for meat products in emerging countries has greatly boosted the consumption of feed crops and fertilizers.

D3: The government has provided a number of strategic supports for the development of the potash fertilizer industry, and actively encouraged the construction of potash fertilizer production bases at home and abroad. In addition, the government has established a joint consultation mechanism on the import and export of potash fertilizers to control the import and export prices to promote the consumption of potash fertilizers. The government promotes fertilizer manufacturers to improve their technological innovation capabilities through various special funds.

D4: The per capita arable land area has decreased, and the demand for grain production per mu of arable land has increased, pushing up the demand for potash fertilizers. The United Nations announced that the world's population will reach 8 billion on November 15, 2022. At the same time, the growth of the total population will also bring about an increase in the total food consumption. However, the current global arable land area is relatively limited, corresponding to the continuous decline in the per capita arable land area, which also means that more food per unit area of arable land needs to be produced to meet the food needs of the large population. Therefore, better seeds and more efficient fertilizers need to be used in the planting process, which can increase the demand for potassium fertilizers to a certain extent.

The analysts have thoroughly studied all the segments including product type, application, and region. The report provides comprehensive analysis of the contribution of the segments to the overall market size. Moreover, the experts have predicted each segment's growth potential, which may assist the clients to plan their future activities. The regional analysis mentioned in the report gives a clear-cut understanding to the market participants regarding the present as well as future scenario of the global Potassium Fertilizer market in key regions.

Details of Potassium Fertilizer Market Segmentation: -

Segment by Type:

Potassium Chloride
Potassium Sulphate
Others

Segment by Application:

Grains
Fruits and Vegetables
Cash Crops

Segment by Region:

North America
Europe
Asia Pacific
South America
Middle East and Africa

Potassium Fertilizer Market Challenges:

C1: Due to Russia's invasion of Ukraine, which made it subject to sanctions by European and American countries, Russia has restricted the export of its fertilizer products. Prior to this, the EU had restricted imports of Belarusian potash products. The supply of potash fertilizer products in European and American countries is insufficient and the price rises. The supply gap cannot be replaced in the short term, resulting in a global shortage of potassium chloride supply. It will have a major impact on the global potash market, and there is a risk of cutting off the supply of raw materials for companies without self-supplied potash resources.

C2: Safety production risk. The main dangerous and harmful factors in the potash fertilizer production process are summarized as: electrical hazards, protection defects, noise hazards, electromagnetic radiation, and dust hazards. Although each company has formulated detailed production and operation manuals and work requirements, if management negligence, poor organization, and slackness of operators occur, it is easy to cause safety production accidents.

C3: Rising trend in the direction of organic farming is a factor restraining the growth of the potash market in the future. Excessive use of chemical fertilizers has led to the continuous reduction of soil microbial diversity, soil compaction, loss of soil organic matter, and weakening of soil fertility. Modern organic agriculture refers to the planting industry in which synthetic fertilizers, pesticides, growth regulators and feed additives for livestock and poultry are completely or basically not used in production, but organic fertilizers are used to meet the nutritional needs of crops, or organic feed is used to meet the nutritional needs of livestock and poultry.

C4: The application of potassium fertilizer is affected by factors such as agricultural production level and climate. Once natural disasters such as drought, snow disaster, freezing injury, and earthquake break out, agricultural production will inevitably suffer heavy losses, and the demand for agricultural materials such as chemical fertilizers will be reduced accordingly, which will have a certain impact on the normal production and operation of chemical fertilizer enterprises. Minor climate changes such as low temperature weather lasting too long, drought and less rain will also delay the fertilizer season for agricultural production accordingly, thereby affecting the production and sales of enterprises.

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Table of Content

1 Market Overview
1.1 Potassium Fertilizer Product Introduction
1.2 Global Potassium Fertilizer Market Size Forecast
1.2.1 Global Potassium Fertilizer Sales Value (2020-2031)
1.2.2 Global Potassium Fertilizer Sales Volume (2020-2031)
1.2.3 Global Potassium Fertilizer Sales Price (2020-2031)
1.3 Potassium Fertilizer Market Trends & Drivers
1.3.1 Potassium Fertilizer Industry Trends
1.3.2 Potassium Fertilizer Market Drivers & Opportunity
1.3.3 Potassium Fertilizer Market Challenges
1.3.4 Potassium Fertilizer Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered

2 Competitive Analysis by Company
2.1 Global Potassium Fertilizer Players Revenue Ranking (2024)
2.2 Global Potassium Fertilizer Revenue by Company (2020-2025)
2.3 Global Potassium Fertilizer Players Sales Volume Ranking (2024)
2.4 Global Potassium Fertilizer Sales Volume by Company Players (2020-2025)
2.5 Global Potassium Fertilizer Average Price by Company (2020-2025)
2.6 Key Manufacturers Potassium Fertilizer Manufacturing Base and Headquarters
2.7 Key Manufacturers Potassium Fertilizer Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Potassium Fertilizer
2.9 Potassium Fertilizer Market Competitive Analysis
2.9.1 Potassium Fertilizer Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Potassium Fertilizer Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Potassium Fertilizer as of 2024)
2.10 Mergers & Acquisitions, Expansion

3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Potassium Chloride
3.1.2 Potassium Sulphate
3.1.3 Others
3.2 Global Potassium Fertilizer Sales Value by Type
3.2.1 Global Potassium Fertilizer Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Potassium Fertilizer Sales Value, by Type (2020-2031)
3.2.3 Global Potassium Fertilizer Sales Value, by Type (%) (2020-2031)
3.3 Global Potassium Fertilizer Sales Volume by Type
3.3.1 Global Potassium Fertilizer Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Potassium Fertilizer Sales Volume, by Type (2020-2031)
3.3.3 Global Potassium Fertilizer Sales Volume, by Type (%) (2020-2031)
3.4 Global Potassium Fertilizer Average Price by Type (2020-2031)

4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Grains
4.1.2 Fruits and Vegetables
4.1.3 Cash Crops
4.2 Global Potassium Fertilizer Sales Value by Application
4.2.1 Global Potassium Fertilizer Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Potassium Fertilizer Sales Value, by Application (2020-2031)
4.2.3 Global Potassium Fertilizer Sales Value, by Application (%) (2020-2031)
4.3 Global Potassium Fertilizer Sales Volume by Application
4.3.1 Global Potassium Fertilizer Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Potassium Fertilizer Sales Volume, by Application (2020-2031)
4.3.3 Global Potassium Fertilizer Sales Volume, by Application (%) (2020-2031)
4.4 Global Potassium Fertilizer Average Price by Application (2020-2031)

5 Segmentation by Region
5.1 Global Potassium Fertilizer Sales Value by Region
5.1.1 Global Potassium Fertilizer Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Potassium Fertilizer Sales Value by Region (2020-2025)
5.1.3 Global Potassium Fertilizer Sales Value by Region (2026-2031)
5.1.4 Global Potassium Fertilizer Sales Value by Region (%), (2020-2031)
5.2 Global Potassium Fertilizer Sales Volume by Region
5.2.1 Global Potassium Fertilizer Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Potassium Fertilizer Sales Volume by Region (2020-2025)
5.2.3 Global Potassium Fertilizer Sales Volume by Region (2026-2031)
5.2.4 Global Potassium Fertilizer Sales Volume by Region (%), (2020-2031)
5.3 Global Potassium Fertilizer Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Potassium Fertilizer Sales Value, 2020-2031
5.4.2 North America Potassium Fertilizer Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Potassium Fertilizer Sales Value, 2020-2031
5.5.2 Europe Potassium Fertilizer Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Potassium Fertilizer Sales Value, 2020-2031
5.6.2 Asia Pacific Potassium Fertilizer Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Potassium Fertilizer Sales Value, 2020-2031
5.7.2 South America Potassium Fertilizer Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Potassium Fertilizer Sales Value, 2020-2031
5.8.2 Middle East & Africa Potassium Fertilizer Sales Value by Country (%), 2024 VS 2031

6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Potassium Fertilizer Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Potassium Fertilizer Sales Value
6.2.1 Key Countries/Regions Potassium Fertilizer Sales Value, 2020-2031
6.2.2 Key Countries/Regions Potassium Fertilizer Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Potassium Fertilizer Sales Value, 2020-2031
6.3.2 United States Potassium Fertilizer Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Potassium Fertilizer Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Potassium Fertilizer Sales Value, 2020-2031
6.4.2 Europe Potassium Fertilizer Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Potassium Fertilizer Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Potassium Fertilizer Sales Value, 2020-2031
6.5.2 China Potassium Fertilizer Sales Value by Type (%), 2024 VS 2031
6.5.3 China Potassium Fertilizer Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Potassium Fertilizer Sales Value, 2020-2031
6.6.2 Japan Potassium Fertilizer Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Potassium Fertilizer Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Potassium Fertilizer Sales Value, 2020-2031
6.7.2 South Korea Potassium Fertilizer Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Potassium Fertilizer Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Potassium Fertilizer Sales Value, 2020-2031
6.8.2 Southeast Asia Potassium Fertilizer Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Potassium Fertilizer Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Potassium Fertilizer Sales Value, 2020-2031
6.9.2 India Potassium Fertilizer Sales Value by Type (%), 2024 VS 2031
6.9.3 India Potassium Fertilizer Sales Value by Application, 2024 VS 2031

7 Company Profiles
7.1 Nutrien Ltd.
7.1.1 Nutrien Ltd. Company Information
7.1.2 Nutrien Ltd. Introduction and Business Overview
7.1.3 Nutrien Ltd. Potassium Fertilizer Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Nutrien Ltd. Potassium Fertilizer Product Offerings
7.1.5 Nutrien Ltd. Recent Development
7.2 Uralkali
7.2.1 Uralkali Company Information
7.2.2 Uralkali Introduction and Business Overview
7.2.3 Uralkali Potassium Fertilizer Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 Uralkali Potassium Fertilizer Product Offerings
7.2.5 Uralkali Recent Development
7.3 The Mosaic Company
7.3.1 The Mosaic Company Company Information
7.3.2 The Mosaic Company Introduction and Business Overview
7.3.3 The Mosaic Company Potassium Fertilizer Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 The Mosaic Company Potassium Fertilizer Product Offerings
7.3.5 The Mosaic Company Recent Development
7.4 Belaruskali
7.4.1 Belaruskali Company Information
7.4.2 Belaruskali Introduction and Business Overview
7.4.3 Belaruskali Potassium Fertilizer Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 Belaruskali Potassium Fertilizer Product Offerings
7.4.5 Belaruskali Recent Development
7.5 K+S Aktiengesellschaft
7.5.1 K+S Aktiengesellschaft Company Information
7.5.2 K+S Aktiengesellschaft Introduction and Business Overview
7.5.3 K+S Aktiengesellschaft Potassium Fertilizer Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 K+S Aktiengesellschaft Potassium Fertilizer Product Offerings
7.5.5 K+S Aktiengesellschaft Recent Development
7.6 ICL Group Ltd.
7.6.1 ICL Group Ltd. Company Information
7.6.2 ICL Group Ltd. Introduction and Business Overview
7.6.3 ICL Group Ltd. Potassium Fertilizer Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 ICL Group Ltd. Potassium Fertilizer Product Offerings
7.6.5 ICL Group Ltd. Recent Development
7.7 QingHai Salt Lake Industry Co., Ltd.
7.7.1 QingHai Salt Lake Industry Co., Ltd. Company Information
7.7.2 QingHai Salt Lake Industry Co., Ltd. Introduction and Business Overview
7.7.3 QingHai Salt Lake Industry Co., Ltd. Potassium Fertilizer Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 QingHai Salt Lake Industry Co., Ltd. Potassium Fertilizer Product Offerings
7.7.5 QingHai Salt Lake Industry Co., Ltd. Recent Development
7.8 Arab Potash Company
7.8.1 Arab Potash Company Company Information
7.8.2 Arab Potash Company Introduction and Business Overview
7.8.3 Arab Potash Company Potassium Fertilizer Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 Arab Potash Company Potassium Fertilizer Product Offerings
7.8.5 Arab Potash Company Recent Development
7.9 EuroChem Group AG
7.9.1 EuroChem Group AG Company Information
7.9.2 EuroChem Group AG Introduction and Business Overview
7.9.3 EuroChem Group AG Potassium Fertilizer Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 EuroChem Group AG Potassium Fertilizer Product Offerings
7.9.5 EuroChem Group AG Recent Development
7.10 Sociedad Química y Minera de Chile S.A
7.10.1 Sociedad Química y Minera de Chile S.A Company Information
7.10.2 Sociedad Química y Minera de Chile S.A Introduction and Business Overview
7.10.3 Sociedad Química y Minera de Chile S.A Potassium Fertilizer Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 Sociedad Química y Minera de Chile S.A Potassium Fertilizer Product Offerings
7.10.5 Sociedad Química y Minera de Chile S.A Recent Development
7.11 SDIC Xinjiang Luobupo Potash Co., Ltd.
7.11.1 SDIC Xinjiang Luobupo Potash Co., Ltd. Company Information
7.11.2 SDIC Xinjiang Luobupo Potash Co., Ltd. Introduction and Business Overview
7.11.3 SDIC Xinjiang Luobupo Potash Co., Ltd. Potassium Fertilizer Sales, Revenue, Price and Gross Margin (2020-2025)
7.11.4 SDIC Xinjiang Luobupo Potash Co., Ltd. Potassium Fertilizer Product Offerings
7.11.5 SDIC Xinjiang Luobupo Potash Co., Ltd. Recent Development
7.12 Fully Hong Kong Limited
7.12.1 Fully Hong Kong Limited Company Information
7.12.2 Fully Hong Kong Limited Introduction and Business Overview
7.12.3 Fully Hong Kong Limited Potassium Fertilizer Sales, Revenue, Price and Gross Margin (2020-2025)
7.12.4 Fully Hong Kong Limited Potassium Fertilizer Product Offerings
7.12.5 Fully Hong Kong Limited Recent Development
7.13 Haifa Group
7.13.1 Haifa Group Company Information
7.13.2 Haifa Group Introduction and Business Overview
7.13.3 Haifa Group Potassium Fertilizer Sales, Revenue, Price and Gross Margin (2020-2025)
7.13.4 Haifa Group Potassium Fertilizer Product Offerings
7.13.5 Haifa Group Recent Development
7.14 Compass Minerals International, Inc.
7.14.1 Compass Minerals International, Inc. Company Information
7.14.2 Compass Minerals International, Inc. Introduction and Business Overview
7.14.3 Compass Minerals International, Inc. Potassium Fertilizer Sales, Revenue, Price and Gross Margin (2020-2025)
7.14.4 Compass Minerals International, Inc. Potassium Fertilizer Product Offerings
7.14.5 Compass Minerals International, Inc. Recent Development
7.15 Wentong Potassium Salt Group Co., Ltd.
7.15.1 Wentong Potassium Salt Group Co., Ltd. Company Information
7.15.2 Wentong Potassium Salt Group Co., Ltd. Introduction and Business Overview
7.15.3 Wentong Potassium Salt Group Co., Ltd. Potassium Fertilizer Sales, Revenue, Price and Gross Margin (2020-2025)
7.15.4 Wentong Potassium Salt Group Co., Ltd. Potassium Fertilizer Product Offerings
7.15.5 Wentong Potassium Salt Group Co., Ltd. Recent Development
7.16 Yara International ASA
7.16.1 Yara International ASA Company Information
7.16.2 Yara International ASA Introduction and Business Overview
7.16.3 Yara International ASA Potassium Fertilizer Sales, Revenue, Price and Gross Margin (2020-2025)
7.16.4 Yara International ASA Potassium Fertilizer Product Offerings
7.16.5 Yara International ASA Recent Development
7.17 Qinghai CITIC Guoan Technology Development Co., Ltd.
7.17.1 Qinghai CITIC Guoan Technology Development Co., Ltd. Company Information
7.17.2 Qinghai CITIC Guoan Technology Development Co., Ltd. Introduction and Business Overview
7.17.3 Qinghai CITIC Guoan Technology Development Co., Ltd. Potassium Fertilizer Sales, Revenue, Price and Gross Margin (2020-2025)
7.17.4 Qinghai CITIC Guoan Technology Development Co., Ltd. Potassium Fertilizer Product Offerings
7.17.5 Qinghai CITIC Guoan Technology Development Co., Ltd. Recent Development
7.18 Migao Group Holdings Limited
7.18.1 Migao Group Holdings Limited Company Information
7.18.2 Migao Group Holdings Limited Introduction and Business Overview
7.18.3 Migao Group Holdings Limited Potassium Fertilizer Sales, Revenue, Price and Gross Margin (2020-2025)
7.18.4 Migao Group Holdings Limited Potassium Fertilizer Product Offerings
7.18.5 Migao Group Holdings Limited Recent Development
7.19 Intrepid Potash, Inc.
7.19.1 Intrepid Potash, Inc. Company Information
7.19.2 Intrepid Potash, Inc. Introduction and Business Overview
7.19.3 Intrepid Potash, Inc. Potassium Fertilizer Sales, Revenue, Price and Gross Margin (2020-2025)
7.19.4 Intrepid Potash, Inc. Potassium Fertilizer Product Offerings
7.19.5 Intrepid Potash, Inc. Recent Development

8 Industry Chain Analysis
8.1 Potassium Fertilizer Industrial Chain
8.2 Potassium Fertilizer Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Potassium Fertilizer Sales Model
8.5.2 Sales Channel
8.5.3 Potassium Fertilizer Distributors

9 Research Findings and Conclusion

10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer

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