“According to the government of India, it provides Essential Commodities Act, 1955, where Biofertiliser means the product containing carrier-based (solid or liquid) living microorganisms that are agriculturally useful in terms of nitrogen fixation, phosphorus solubilization or nutrient mobilization, to increase the productivity of the soil.” and Additionally, Regulatory body FAO deals with informing of fertilizer laws and regulations regarding fertilizer production, import or trade. Additionally, all imports of fertilizers should obey the standards enforced by the Tanzania Fertilizer Regulatory Authority (TFRA)
The article cited AMA's "Global Potassic Fertilizer Market Study" explored substantial growth in Asia Pacific and CAGR of 4.51%. According to the report, Upsurging Need for Maximized Productivity Using Limited Land Area
is one of the primary growth factors for the market. Growing Need for Increased Crop Yield Across the Globe
is also expected to contribute significantly to the Potassic Fertilizer market. Overall, Cereals & Grains (Rice, Corn, Wheat, Barley)
applications of Potassic Fertilizer, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Method of Application, such as Broadcasting, is boosting the Potassic Fertilizer market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Form, such as Solid, is boosting the Potassic Fertilizer market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMAs Analyst on the Global Potassic Fertilizer market identified that the demand is rising in many different parts of the world as "Rising Agricultural Investments across the Globe
". Furthermore, some recent industry insights like "In September 2023, Nutrien launched a new line of slow-release potash fertilizers, designed to improve nutrient use efficiency and reduce fertilizer runoff." which is constantly making the industry very dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Potassic Fertilizer market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2023 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Potassic Fertilizer market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Potassic Fertilizer market size is calculated using market estimation process, the Potassic Fertilizer market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Potassic Fertilizer market size has been validated using both top-down and bottom-up approaches.