Press release
Rising Demand For High-Quality Crops Boosts Potassic Fertilizer Market Growth: A Significant Driver Propelling The Potassic Fertilizers Market In 2025
Potassic Fertilizers Market Size
What Is the Potassic Fertilizers Market Size and Projected Growth Rate?
The potassic fertilizers market size will grow from $25.21 billion in 2024 to $26.63 billion in 2025 at a CAGR of 5.6%. The growth is driven by increased agricultural activities, a rising population, demand for food, government support for agriculture, and awareness about soil fertility.
The potassic fertilizers market is forecasted to grow to $32.76 billion by 2029 at a CAGR of 5.3%. Growth factors include the rise of organic farming, sustainable agriculture awareness, climate change impact on farming, fertilizer application efficiency, arable land expansion, bio-based fertilizer development, and international trade growth. Key trends include fertilizer application advancements, controll
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What Are the Major Segments in the Potassic Fertilizers Market?
The potassic fertilizersmarket covered in this report is segmented -
1) By Type: Potassium Chloride, Sulfate Of Potash (SOP), Potassium Nitrate, Other Types
2) By Form: Solid, Liquid
3) By Application: Cereals And Grains, Oilseeds And Pulses, Fruits And Vegetables
Subsegments:
1) By Potassium Chloride: Muriate of Potash (MOP), Granular Potassium Chloride, Soluble Potassium Chloride
2) By Sulfate of Potash (SOP): Standard SOP, Granular SOP, Liquid SOP
3) By Potassium Nitrate: Granular Potassium Nitrate, Liquid Potassium Nitrate, Controlled-Release Potassium Nitrate
4) By Other Types: Potassium Magnesium Sulfate (Langbeinite), Potassium Thiosulfate, Kieserite
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What Are The Driving Potassic Fertilizers Market Evolution?
The growing demand for high-quality crops is expected to fuel the potassic fertilizer market. Consumers are increasingly seeking healthier, more nutritious, and safer food, driving demand for high-quality crops. Potassic fertilizers help improve crop growth, yield, and resistance to diseases. According to the Organisation for Economic Co-operation and Development, maize production increased from 459,961.18 thousand tons in 2022 to 499,551.58 thousand tons in 2023, supporting the growth of the potassic fertilizer market.
Which Firms Dominate The Potassic Fertilizers Market Segments?
Major companies operating in the potassic fertilizers market are BHP Group Limited, Nutrien Ag Solutions Inc., Yara International ASA, The Mosaic Company, Israel Chemicals Ltd., Sinochem Group Co Ltd., OCP Group, EuroChem Group AG, K+S AG, Tessenderlo Group NV, Borealis AG, Gujarat State Fertilizers & Chemicals Ltd., Arab Potash Company, American Vanguard Corporation, Zuari Agro Chemicals Ltd., Helm AG, Kazphosphate LLC, Intrepid Potash Inc., Migao Corporation, JSC Belaruskali
What Are the Major Trends Shaping the Potassic Fertilizers Market?
Major Companies in the potassic fertilizers market are innovating with products like organic fertilizers to address potassium (K) deficiencies in crops. Organic fertilizers are natural soil amendments derived from various sources to enrich soil nutrients. For example, in December 2022, Green Planet Bio Products, an India-based organic fertilizer manufacturer, launched Power Plant POTASH, an organic fertilizer with high potassium content designed to enhance root development and plant stress resistance in eco-friendly agriculture.
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Which Is The Largest Region In The Potassic Fertilizers Market?
North America was the largest region in the potassic fertilizers market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the potassic fertilizers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Potassic Fertilizers Market?
2. What is the CAGR expected in the Potassic Fertilizers Market?
3. What Are the Key Innovations Transforming the Potassic Fertilizers Industry?
4. Which Region Is Leading the Potassic Fertilizers Market?
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