How big is the potassic fertilizers market today, and what are its future growth expectations?
The potassic fertilizers market size has grown strongly in recent years. It will grow from $25.21 $ billion in 2024 to $26.63 $ billion in 2025 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to increasing agricultural activities, a rising population, growing demand for food, government subsidies and support for agriculture, awareness about soil fertility and crop yield, and improved distribution channels.
The potassic fertilizers market size is expected to see strong growth in the next few years. It will grow to $32.76 $ billion in 2029 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to rising demand for organic farming, growing awareness about sustainable agriculture, climatic changes affecting agriculture, improved efficiency in fertilizer application, expansion of arable land, development of bio-based potassic fertilizers, and increasing international trade agreements and policies. Major trends in the forecast period include technological advancements in fertilizer application methods, advancements in controlled-release fertilizer technology, adoption of drip irrigation systems, expanding global trade in potassic fertilizers, the development of customized fertilizer blends, and innovations in potassic fertilizer formulations.
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What have been the primary factors driving the potassic fertilizers market’s growth?
The growing demand for high-quality crops is expected to propel the growth of the potassic fertilizer market going forward. High-quality crops are agricultural products that exhibit superior characteristics such as higher yields, better nutritional value, enhanced resistance to pests and diseases, and improved marketability. The growing demand for high-quality crops is driven by increasing consumer awareness and preference for healthier, safer, and more nutritious food options. Potassic fertilizers enhance high-quality crops by improving their growth, yield, disease resistance, and overall quality through optimal potassium nutrition. For instance, in June 2024, according to the Organisation for Economic Co-operation and Development, a France-based intergovernmental organization, maize production increased from 459,961.18 thousand tons in 2022 to 499,551.58 thousand tons in 2023, reflecting a notable rise in output compared to 2022. Therefore, the growing demand for high-quality crops is driving the growth of the potassic fertilizer market.
What are the key segments within 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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Which key players are shaping the potassic fertilizers market?
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
How will emerging trends drive the potassic fertilizers market throughout the forecast period?
Major companies operating in the potassic fertilizers market are focusing on developing innovative products, such as organic fertilizer, to cure potassium (K) deficiency. Organic fertilizer is a natural soil amendment derived from plant, animal, or mineral sources, used to enrich soil nutrients and promote sustainable plant growth. For instance, in December 2022, Green Planet Bio Products, an India-based Organic Fertilizer manufacturer, launched the Power Plant POTASH (organic fertilizer). Power Plant POTASH by Green Planet Bio Products is an organic fertilizer with a high potassium content to promote strong root development and improve plant resistance to stress. It is designed for eco-friendly agriculture, enhancing nutrient uptake and supporting healthy crop growth without harmful chemicals.
How do regional factors impact the potassic fertilizers market, and which region is the largest contributor?
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.
What Does The Potassic Fertilizers Market Report 2025 Offer?
The potassic fertilizers market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Potassic fertilizers are a type of plant nutrient that supplies potassium, an essential element for plant growth and development. They help improve plant resistance to diseases, enhance water uptake, and increase crop yields. These fertilizers are often used to support overall plant health and optimize agricultural productivity.
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