Industry Background:
Potash fertilizer is a natural element which is constantly recycled in the earth. Potassium is important for plant health & it should be sufficiently provided to the soil to preserve its fertility. Fertilizers comprising potassium are used where soil potassium reserves are insufficient for the targeted crop or pasture production. It fuels the growth of strong stems & reduces the plant free of disease by helping the thickness of the outer cell walls. Besides, potassium increases color, flavor as well as the shelf life of fruit and vegetables. There are various types of potash fertilizers are available such as Potassium Chloride, Sulfate of Potash, Potassium Nitrate, and Others.
According to AMA, the market for Potash Fertilizers is expected to register a CAGR of 5.1% during the forecast period to 2026. This growth is primarily driven by Growing Applicability Of Potash Fertilizers and Necessity For Higher Productivity With Limited Land Area.
The Fertilizers & Agricultural Chemicals sector in the Asia-Pacific region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Yara International ASA (Norway), The Mosaic Company (United States), Agrium Inc. (Canada), Potash Corporation of Saskatchewan Inc (Canada), Eurochem Group AG (Switzerland), JSC Belaruskali (Belarus), HELM AG (Germany) , Sociedad Química Y Minera De Chile S.A. (SQM) (Chile) and Borealis AG (Austria) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On Jan 8, 2018, Mosaic announced the acquisition of Vale Fertilizantes. This acquisition will transform the business in Brazil as well as will double the size of the global workforce. Along with it, the company will also gain the potash mines from this acquisition.
Market Drivers
- Growing Applicability Of Potash Fertilizers
- Necessity For Higher Productivity With Limited Land Area
Market Trend
Restraints
- A growing Trend Of Organic Food Consumption
Opportunities
Necessity To Improve Grassland Production and Increasing Investments In Agricultural Activities
Challenges
Environmental Concerns
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Potash Fertilizers Study Sheds Light on
The Potash Fertilizers Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Potash Fertilizers industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Potash Fertilizers industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.