Emerging Trends, Drivers and Challenges in the Potash Market 2019-2023| Technavio

Technavio has announced its latest market research report titled global potash market 2019-2023 (Graphic: Business Wire)

LONDON--()--The global potash market size is poised to grow by USD 18.74 million during 2019-2023, according to a new report by Technavio, progressing at a CAGR of over 4% during the forecast period.

Read the 139-page research report with TOC on "Potash Market Analysis Report by product (muriate of potash, sulfate of potash, potassium nitrate, and others) and end user (fertilizers, general industrial, and others), and geography (Americas, APAC, and EMEA.) 2019-2023 at: https://www.technavio.com/report/global-potash-market-industry-analysis

The market is driven by the increasing demand for potassium chloride in fertilizers. Also, the adoption of precision farming is anticipated to further boost the growth of the market during the forecast period.

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The increasing demand for potassium chloride will drive the growth of the potash market. Potassium chloride provides crops with two nutrients, potassium and chlorine, essential for both plants and animals. It is the most concentrated form of granular potassium and the most economic potassium fertilizer. Potassium chloride, along with other nitrogen-based fertilizers, help improve plant yield and quality. As the demand for food is increasing rapidly and there is a high demand for high-yield and good quality crops, the adoption of potassium chloride will increase significantly during the forecast period.

The adoption of precision farming is another major factor driving the growth of the potash market. Precision farming techniques have become fundamental for enhancing agricultural production. Precision technologies such as tractor guidance systems use soil and yield mapping, global positioning system (GPS), variable-rate input (VRT) applications that help farmers gather information on changing field conditions and adjust production practices. Precision farming techniques can improve the economic and environmental sustainability of crop production.

To find out more about Potash Market Research 2019-2023, https://www.technavio.com/talk-to-us?report=IRTNTR30567

The report includes detailed profiles of the leading companies & prominent vendors of the market:

  • ICL
  • JSC BELARUSKALI
  • K+S AKTIENGESELLSCHAFT
  • Nutrien
  • The Mosaic Company
  • Uralkali

Market Segmentation by End-User:

The Potash Market can be broadly categorized into the following end-user segment:

  • Fertilizers
  • General industrial
  • Others

Key Regions for the Potash Market:

Featuring a breakdown of region-wise market shares until 2019.

  • Americas
  • APAC
  • EMEA

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

Related Reports on Materials are:

Potassium Permanganate Market – Global Potassium Permanganate Market by application (water treatment, industrial and pharmaceutical, and others) and by geography (the Americas, APAC, and EMEA).

Potassium Sulfate Market – Global Potassium Sulfate Market by processes (Mannheim process, sulfate salts reaction, and salt-lake brine processing) and geography (the Americas, APAC, and EMEA).

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

Release Summary

The global potash market size is poised to grow by USD 18.74 million during 2019-2023, according to a new report by Technavio

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com