Market Size of global potash fertilizer Industry
| Icons | Lable | Value |
|---|---|---|
|
Study Period | 2016 - 2030 |
|
Market Size (2024) | USD 20.17 Billion |
|
|
Market Size (2030) | USD 28.12 Billion |
|
Largest Share by Product | MoP |
|
|
CAGR (2024 - 2030) | 5.69 % |
|
Largest Share by Region | South America |
Major Players |
||
|
||
|
*Disclaimer: Major Players sorted in no particular order |
Potash Fertilizer Market Analysis
The Global Potash Fertilizer Market size is estimated at USD 20.17 billion in 2024, and is expected to reach USD 28.12 billion by 2030, growing at a CAGR of 5.69% during the forecast period (2024-2030).
- Fastest growing segment by Type - MoP : Muriate of potash (MoP) is a potassic fertilizer with the highest potash content of 60.0%, with a comparatively less price making it most used potassic fertilizer.
- Largest Segment by Crop Type - Field Crops : Field crops are widely cultivated worldwide and are a staple food in many parts of the world. They account for a maximum share by area in most agricultural countries.
- Largest Segment by Application Mode - Soil : Soil application is a convenient way of applying fertilizers without any equipment. This method of application helps in improving both plant health and soil fertility.
- Largest segment by Country - Brazil : The soils of Brazil are mostly acidic in nature, thus limiting the availability of K. Brazil has around 74.61 million ha of cropland, requiring a large amount of potassium.
