The global potash fertilizer market is anticipated to grow at a considerable CAGR of 4.6% during the forecast period. The government of various countries is increasing their initiatives to promote potash fertilizers under agricultural schemes. The Indian company has initiated a National Project on Soil Health and Fertility to promote judicious and balanced fertilizer applications in conjunction with organic fertilizers based on soil testing. As India is the largest producer of crops such as vegetables and fruits, demand for potash fertilizers will remain significant in the country.
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Rising acquisitions, product approval, collaborations among the major players in the market also propel the growth of the market. For instance, in June 2021, Nutrien Ltd announced to increase potash production by approximately half a million tonnes. The company’s flexible production network and broad logistics are designed to provide consistent supply, and they have a unique ability to adapt to changing market conditions. In addition, the company’s potash asset portfolio is optimally positioned to meet customer needs and drive shareholder value wherein Nutrien will be actively hiring additional employees and adapting its resources to help increase production across most of its potash mines.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
Segment Covered-
- By Type
- By Application
Regions Covered
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- Nutrien Ltd, The Mosaic Co, ICL Group, Uralkali PJSC, and others.
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Global Potash Fertilizer Market Report by Segment
By Type
- Muriate of Potash
- Sulfate of Potash
- Nitrate of potash
- Permanganate of potash
By Application
- Grains and Cereals
- Pulses and Oilseeds
- Commercial Crops
- Fruits and Vegetables
- Others
Global Potash Fertilizer Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East & Africa
Company Profiles
- Agrium Inc.
- Borealis AG
- CF Industries Holdings, Inc.
- EuroChem Group
- HELM AG
- ICL Group Ltd
- Intrepid Potash Inc.
- Israel Chemicals Ltd.
- JSC Belaruskali
- K+S Group
- Nutrien Limited
- Potash Corporation of Saskatchewan Inc.
- S.A, Borealis AG
- Sinofert Holdings Limited
- SociedadQuimica Y Minera D Chile SA
- The Mosaic Company
- Uralkali PJSC
- Yara International ASA
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