Potash Fertilizers Market by Crop Type and Geography - Forecast and Analysis 2022-2026

  • Published: Dec 2021
  • Pages: 120
  • SKU: IRTNTR71654
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The potash fertilizers market share is expected to increase by 6871.53 thousand tons from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 2.98%.

This potash fertilizers market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers potash fertilizers market segmentation by crop type (cereals and grains, fruits and vegetables, oilseeds and pulses, and others) and geography (APAC, North America, Europe, South America, and MEA). The potash fertilizers market report also offers information on several market vendors, including Borealis AG, EuroChem Group AG, Helm AG, Israel Chemicals Ltd., JSC Belaruskali, K S AG, Nutrien Ltd., Sinofert Holding Ltd., Sociedad Quimica y Minera de Chile SA, and The Mosaic Co. among others.

What will the Potash Fertilizers Market Size be During the Forecast Period?

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Potash Fertilizers Market: Key Drivers and Challenges

The rising demand for food is notably driving the potash fertilizers market growth, although factors such as the rising trend for organic food consumption may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the potash fertilizers industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Potash Fertilizers Market Driver

One of the key factors driving growth in the potash fertilizers market is the rising demand for food. By 2050, around 70% of the global population is expected to live in urban areas, and the growing population will lead to an increased demand for food. The significant growth trend of the global population indicates an increasing demand for food, which, in turn, will drive the demand for potash for the production of potash fertilizers. Furthermore, growing health consciousness among consumers owing to hectic lifestyles requires the consumption of healthy food, which, along with the rise in cattle feed consumption and the application of potash fertilizers to the soil to improve the color, taste, and texture of food crops, are anticipated to propel the growth of the global potash fertilizers market.

Key Potash Fertilizers Market Challenge

The rising preference for consuming organic food will be a major challenge for the potash fertilizers market during the forecast period. In India, there has been a paradigm shift following the outbreak of the COVID-19 pandemic as consumers began to buy more organic foods as a preventive health measure. This is mainly because of the changed perception of crops grown using chemical fertilizers, which are seen as harmful to both human health and the environment. While the production and sale of organic food are mainly witnessed in developed countries, even developing countries have begun to produce and export organic food products. Thus, the rising market for organic food will hinder the growth of the global potash fertilizer market.

This potash fertilizers market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Potash Fertilizers Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Borealis AG
  • EuroChem Group AG
  • Helm AG
  • Israel Chemicals Ltd.
  • JSC Belaruskali
  • K S AG
  • Nutrien Ltd.
  • Sinofert Holding Ltd.
  • Sociedad Quimica y Minera de Chile SA
  • The Mosaic Co.

 

This statistical study of the potash fertilizers market encompasses successful business strategies deployed by the key vendors. The potash fertilizers market is fragmented and the vendors are deploying growth strategies such as forming strategic partnerships to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The potash fertilizers market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Potash Fertilizers Market?

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50% of the market’s growth will originate from APAC during the forecast period. China, India, and Singapore are the key markets for potash fertilizers in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The increasing need for crop production, owing to the continuous population growth in the region and the rising grain exports to other parts of the world will facilitate the potash fertilizers market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Crop Type Segments in the Potash Fertilizers Market?

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The potash fertilizers market share growth by the cereals and grains segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the potash fertilizers market size and actionable market insights on post COVID-19 impact on each segment.

 

Potash Fertilizers Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 2.98%

Market growth 2022-2026

6871.53 th tons

Market structure

Fragmented

YoY growth (%)

2.52

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 50%

Key consumer countries

China, US, India, Russian Federation, Canada, and Singapore

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Borealis AG, EuroChem Group AG, Helm AG, Israel Chemicals Ltd., JSC Belaruskali, K S AG, Nutrien Ltd., Sinofert Holding Ltd., Sociedad Quimica y Minera de Chile SA, and The Mosaic Co.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Potash Fertilizers Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive potash fertilizers market growth during the next five years
  • Precise estimation of the potash fertilizers market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the potash fertilizers industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of potash fertilizers market vendors

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Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2021
  • Market outlook: Forecast for 2021 - 2026

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Crop type

  • Market segments
  • Comparison by Crop type
  • Cereals and grains - Market size and forecast 2021-2026
  • Fruits and vegetables - Market size and forecast 2021-2026
  • Oilseeds and pulses - Market size and forecast 2021-2026
  • Others - Market size and forecast 2021-2026
  • Market opportunity by Crop type

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2021-2026
  • North America - Market size and forecast 2021-2026
  • Europe - Market size and forecast 2021-2026
  • South America - Market size and forecast 2021-2026
  • MEA - Market size and forecast 2021-2026
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Borealis AG
  • EuroChem Group AG
  • Helm AG
  • Israel Chemicals Ltd.
  • JSC Belaruskali
  • K S AG
  • Nutrien Ltd.
  • Sinofert Holding Ltd.
  • Sociedad Quimica y Minera de Chile SA
  • The Mosaic Co.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The potash fertilizers market growth will increase by $6871.53 thousand tons during 2021-2026.
The potash fertilizers market is expected to grow at a CAGR of 2.98% during 2021-2026.
Technavio has segmented the potash fertilizers market by other1 (Cereals and grains, Fruits and vegetables, Oilseeds and pulses, and Others) and geographic (APAC, North America, Europe, South America, and MEA).
Borealis AG, EuroChem Group AG, Helm AG, Israel Chemicals Ltd., JSC Belaruskali, K S AG, Nutrien Ltd., Sinofert Holding Ltd., Sociedad Quimica y Minera de Chile SA, The Mosaic Co. are a few of the key vendors in the potash fertilizers market.
APAC will register the highest growth rate of 50.37% among the other regions. Therefore, the potash fertilizers market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • China
  • US
  • India
  • Russian Federation
  • Canada
  • Singapore
The key factors driving the potash fertilizers market growth are:
  • Rising demand for food
The potash fertilizers market vendors should focus on grabbing business opportunities from the cereals and grains segment as it accounted for the largest market share in the base year.
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