Potassium Chloride Market to Hit 3.80% to 2021: Growth Analysis, Company Profiles & Trends

The Potassium Chloride Market Research Report is a professional and in-depth study on the current state also focuses on the major drivers and restraints for the key players.

About Potassium Chloride market
Marketsizeforecasters.com adds new global potassium chloride market report that lists top active companies as Agrium, Mosaic, PotashCorp, Sinofert Holdings, and Uralkali.

Other Prominent Vendors in the market are: Agrium, Mosaic, PotashCorp, Sinofert Holdings, and Uralkali

Research analysts forecast the global potassium chloride market to grow at a CAGR of 3.80% during the period 2017-2021.

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Commenting on the report, an analyst team said: The latest trend gaining momentum in the market is potassium chloride in hydroponics. Hydroponics technique can be used to overcome the constraint of arable land. This technique involves crop cultivation in water using mineral nutrient solutions. Potassium chloride is used to supplement potassium in hydroponic solutions. Currently, this technique is widely used for bioresearch purposes. This method of crop cultivation is generally less used even though there are large hydroponic farms around the world.

The listed pricing for this Potassium Chloride Market report starts at $ 3500.
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According to the report, one of the major drivers for this market is increasing demand for potassium chloride from fertilizer industry. The global population is on the rise, and it is expected to reach 9.7 billion by 2050. The land available for cultivation have decreased tremendously over the past years, and now, in 2016, the arable land available to produce crops have decreased by 46% compared with 1961. There has been an increase in the global per capita income, which has led to the rise in the demand for foods and beverages. This growing need for nourishment has led to the surge in the use of potassium chloride as a fertilizer to increase the productivity of the crops.

Further, the report states that one of the major factors hindering the growth of this market is growing health concerns regarding use of chemical fertilizers. Fertilizers contain different types of chemicals mixed for the increased productivity and yield of crops. The chemicals that are present in fertilizers are absorbed by the plants. As a result, these chemicals enter the food chain during consumption and create adverse health issues. Chemicals present in the fertilizers requires more time to convert into biodegradables, these chemicals can contaminate the water sources and lead to the serious environment and health issues.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Browse full table of contents and data tables For Potassium Chloride Market Report of 70 pages https://marketsizeforecasters.com/global-potassium-chloride-market

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