Potash Ore Market has seen a potential growth and expected to rise as the growth of fertilizer industry in the recent years

Potash Ore Global Market - Overview
The Global Potash Ore Market is growing with the rapid pace; mainly due to its extensive application in the agriculture industry. According to a recent study report published by the Market Research Future, The global Potash Ore Market is booming and expected to gain prominence over the forecast period growing rapidly .The global Potash Ore market is forecasted to demonstrate a spectacular growth by 2027, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2016 – 2027).

The global Potash Ore market has seen a potential growth and expected to rise as the growth of fertilizer industry in the recent years. The rising demand and consumption of food will drive the fertilizer industry thereby; the demand is expected to increase for Potash Ores. North America and Europe are considered as the major market and consumer for organic food. Additionally, rising concern over organic food, increasing disposable income, and growing population are the driving factor which has captured the global Potash Ore market. Along with this, huge population is concerning about healthy food which is one of the major trends in the market.

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Potash Ore has widespread use in the agriculture industry. Most of the applications of the Potash Ore s revolve around agriculture. Potash Ore market is supported by strong growth drivers, the world population is growing at faster rate which leads to more consumptions of food eventually leading to more demand of agriculture industry and more the demand in the agriculture industry, more use of agriculture chemicals in the development of agriculture sector, in developing countries. Furthermore, there is low operation and labour cost hence it is easy for big players in the operating in the Potash Ore Market to setup their business in developing countries. Moreover initiatives up taken by the governments to save earth or green earth movements worldwide along with the increasing horticulture is providing impetus to the market growth of Agrichemicals. Besides, growing awareness among farmers towards use of fertilizers and pesticides in key agricultural countries such as India and China is further boosting the global Potash Ore s market.

Increasing use of potash as potash mobilizing bio-fertilizers is expected to provide new opportunities for the growth of the market. The majority (more than 80%) of the world's potash is produced by Russia, Belarus and North American producers. Less than 10 countries in the world contribute more than 95% of the world's potash production. Potash mining is undertaken by either conventional or solution mining technology.Major agricultural nations such as Brazil import more than 90% of their potash requirements and Southern and Central America consumes approximately a quarter of the world's potash production.

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Potash Ore Global Market - Competitive Analysis
Characterized by the presence of several well-established and small players, the global Market of Potash Ore appears to be highly consolidated. Well established players incorporate acquisition, collaboration, partnership, expansion, and product launch in order to gain competitive advantage in this market and to maintain their market position. They impose stringent requirements to protect and guarantee product quality. International players who are increasingly expanding their footprint in the agricultural economy or in the growing market, making it difficult for regional vendors to compete with them, especially in terms of features such as quality, technology, and price. To further build on the leading position in the market, these well established players intend to expand production in untapped market, broaden product portfolio and develop new growth areas in the market. In this way, they strive to lay the foundations for further profitable growth and the sustainable increase in added value production. Barriers to entry into this market are mainly capital cost and development time.

Potash Ore Global Market - Segments
The Potash Ore Market can be segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Application: Comprises agriculture, chemical, metallurgical & other industries.

Segmentation By Mineral Extracted: Comprises Potassium Chloride, Sodium Chloride and other.

Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

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Potash Ore Global Market - Regional Analysis
Geographically, North America is considered as the largest market for organic food, where in Canada is the biggest market followed by the US. By 2011, Canada had a production capacity of 11.2 million tonnes. The US is also considered as the largest consumer of Potash Ore. Potash Ore is a major fertilizer in agriculture, therefore in the Agriculture is one of the biggest industries in North America specifically in USA who is a net exporter of agricultural products. USA alone accounts for 2.2 million farms which covers an estimated area of 922 million acres. Canada is also another nation which was vast expands agricultural land. Technological development in the agricultural sector combined with high quality agricultural consumables is surely going to boost the demand and market for Potash Ore industries. Heavy investment in development of new techniques and tools for agriculture is another factor which can lead to increase in demand of Potash Ore products.

European countries such as United Kingdom, France, Germany, Switzerland and others, where the available arable land is more compared to other regions. However, this factor has anticipated the European market. As of now, China and India is the world’s largest consumer of Potash Ores due to the large arable land, huge population growth, and large employment is depended in agriculture.

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