Global Potassium Fertilizer Market Outlook, 2027
Global Potassium Fertilizer Market is anticipated to grow slowly at a CAGR of 3.39% by 2027. Asia Pacific is dominant in the Phosphorus market globally.
- Bonafide Research
- 25-02-2022
- Pages : 115
- Figures : 8
- Tables : 85
- Region : Global
- Category : Food & Beverages
- Agriculture
Featured Companies
- 1. Chambal Fertilisers
- 2. The Mosaic Company
- 3. Nutrien Limited
- 4. K+S Aktiengesellschaft
- 5. Sociedad Química y Minera de Chile
- 6. EuroChem Group
- 7. AgroLiquid
- 8. Anglo american plc
- 9. UralChem
- More...
Potassium is the member of the alkali metal group and is abundant in nature. It is found in earth’s crust with other minerals. Potassium fertilizer is also known as potash as it is found in wood burnt to ashes. However it is also found naturally in mines and deep into oceans. Potash is widely used fertilizer for plants to enhance firmness, texture, flavour, size, colour of fruit and increase oil content for oilseeds crops. Further it also helps prevent plant disease, drought tolerance, plumpness of grains, and cold hardiness. Potassium if supplied in required quantities to crops they can grow faster, resist pests and yield more crops. Potassium deficiency causes brown spots on leaves, yellow edges and yellow veins. Too much fertilizer can also burn plant to death. Soil testing is preferred before applying potash fertilizers to plants to determine the level of fertilizer deficit. If the soil has more moisture it indicates it has good amount of potash. Potassium uptake is high in 60 to 80 degree temperatures.
According to the research report “Global Potassium Fertilizer Market Outlook, 2027" published by Bonafide Research, the fertilizer market is anticipated to grow slowly at a CAGR of 3.39% by 2027. Asia Pacific is dominant in the Phosphorus market globally. Plants need nitrogen, phosphorus and potassium for their growth but, nitrogen fertilizers are given more emphasis as they are needed in large quantities and give great response. Rock phosphates are used more with highest market share in 2021. Dry phosphatic fertilizers dominate the market. United States is the second largest phosphorus producer and consumer in the world. Russia accounts for only 3% of phosphorus fertilizer market share globally. Majority of phosphorus reserves are in China, Morocco, South Africa, Jordan and United States.
Plants rich in carbohydrates such as potatoes need potassium for tuber growth. Potato yields can be increased to 8 to 10 tonnes per acre if potassium is applied at the rate of 600 to 700 pounds per acre. Other than this, tomatoes, berries and cane fruits also require more potash fertilizers. By using potash, wheat has more protein and carbohydrate content. Cereals require a balance of nitrogen and potash to obtain full yield response to applied nitrogen. If potash supply is limiting, the uptake and utilisation of nitrogen will be restricted.
The COVID-19 pandemic has highly impacted Phosphorus fertilizer market landscape. Lockdown imposed to combat the spread of pandemic limited the production and supply of fertilizers thereby affecting crop production activities. Producers are resolving the challenges caused by the pandemic and adapting to the changing dynamics of the sector. Although government exempted agriculture from lockdown; the most severe impact was on the demand for end-use products, limiting the market opportunities for fertilizer producers. Several companies cut down on the production and supply of their fertilizers. Many small scale production units were forced to shut down. Labour transit was another problem as migration was limited and transportation was also affected. Further China banned exports of phosphorus fertilizers which affected countries dependent on it for resources. To bring down prices of fertilizers in home country China banned exports up to 2022.
Major Companies present in the market
The Mosaic Company, Yara International, Nutrien Limited, K+S Aktiengesellschaft, OCP Group, CF Industries Holdings, Sociedad Química y Minera de Chile (SQM), National Fertilizers Limited Coromandel International Limited, EuroChem Group, Wesfarmers, Indian Farmers Fertilizer Co-operative Limited (IFFCO)
Considered in this report
• Geography: Global
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027
Aspects covered in this report
• Global Potassium fertilizer market with its value and forecast along with its segments
• Region-wise fertilizer market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation
Regions covered in the report
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & South Africa
By Product type in the report:
• Muriate of Potash / Potassium Chloride
• Sulphate of Potash
• Others (Potassium nitrate, Other Potassic fertilizer)
By physical formulation in the report:
• Dry
• Liquid
The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.
Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to fertilizer industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.
What's Inside a Bonafide Research`s industry report?
Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally
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Companies Mentioned
- Chambal Fertilisers
- The Mosaic Company
- Nutrien Limited
- K+S Aktiengesellschaft
- Sociedad Química y Minera de Chile
- EuroChem Group
- AgroLiquid
- Anglo american plc
- UralChem
- Urakali PJSC
- Sinofert Holdings Limited
- FoxFarm Soil & Fertilizer Co
- Bunge Limited
Table of Contents
- Table of Contents
- 1. Executive Summary
- 2. Report Methodology
- 3. Market Structure
- 3.1. Market Considerate
- 3.2. Market Definition
- 4. Economic /Demographic Snapshot
- 5. Global Potassium Fertilizer Market Outlook
- 5.1. Market Size
- 5.1.1. By Value
- 5.1.2. By Volume
- 5.2. Market Share
- 5.2.1. By Region
- 5.2.2. By Country
- 5.2.3. By Physical Formulation
- 6. North America Potassium Fertilizer Market Outlook
- 6.1. Market Size By Nutrient Type
- 6.1.1. By Value
- 6.1.2. By Volume
- 6.2. Market Share
- 6.2.1. By Country
- 6.2.2. By Product Type
- 6.2.3. By Physical Formulation
- 6.3. US Potassium Fertilizer Market Outlook
- 6.3.1. Market Size By Value
- 6.3.2. Market Share By Product Type
- 6.4. Canada Potassium Fertilizer Market Outlook
- 6.4.1. Market Size By Value
- 6.4.2. Market Share By Product Type
- 6.5. Mexico Potassium Fertilizer Market Outlook
- 6.5.1. Market Size By Value
- 6.5.2. Market Share By Product Type
- 7. Europe Potassium Fertilizer Market Outlook
- 7.1. Market Size By Nutrient Type
- 7.1.1. By Value
- 7.1.2. By Volume
- 7.2. Market Share
- 7.2.1. By Country
- 7.2.2. By Product Type
- 7.2.3. By Physical Formulation
- 7.3. UK Potassium Fertilizer Market Outlook
- 7.3.1. Market Size By Value
- 7.3.2. Market Share By Product Type
- 7.4. France Potassium Fertilizer Market Outlook
- 7.4.1. Market Size By Value
- 7.4.2. Market Share By Product Type
- 7.5. Italy Potassium Fertilizer Market Outlook
- 7.5.1. Market Size By Value
- 7.5.2. Market Share By Product Type
- 7.6. Spain Potassium Fertilizer Market Outlook
- 7.6.1. Market Size By Value
- 7.6.2. Market Share By Product Type
- 7.7. Russia Potassium Fertilizer Market Outlook
- 7.7.1. Market Size By Value
- 7.7.2. Market Share By Product Type
- 8. Asia-Pacific Potassium Fertilizer Market Outlook
- 8.1. Market Size By Nutrient Type
- 8.1.1. By Value
- 8.1.2. By Volume
- 8.2. Market Share
- 8.2.1. By Country
- 8.2.2. By Product Type
- 8.2.3. By Physical Formulation
- 8.3. China Potassium Fertilizer Market Outlook
- 8.3.1. Market Size By Value
- 8.3.2. Market Share By Product Type
- 8.4. Japan Potassium Fertilizer Market Outlook
- 8.4.1. Market Size By Value
- 8.4.2. Market Share By Product Type
- 8.5. India Potassium Fertilizer Market Outlook
- 8.5.1. Market Size By Value
- 8.5.2. Market Share By Product Type
- 8.6. Australia Potassium Fertilizer Market Outlook
- 8.6.1. Market Size By Value
- 8.6.2. Market Share By Product Type
- 9. Latin America Potassium Fertilizer Market Outlook
- 9.1. Market Size By Nutrient Type
- 9.1.1. By Value
- 9.1.2. By Volume
- 9.2. Market Share
- 9.2.1. By Country
- 9.2.2. By Product Type
- 9.2.3. By Physical Formulation
- 9.3. Brazil Potassium Fertilizer Market Outlook
- 9.3.1. Market Size By Value
- 9.3.2. Market Share By Product Type
- 9.4. Argentina Potassium Fertilizer Market Outlook
- 9.4.1. Market Size By Value
- 9.4.2. Market Share By Product Type
- 9.5. Colombia Potassium Fertilizer Market Outlook
- 9.5.1. Market Size By Value
- 9.5.2. Market Share By Product Type
- 10. Middle East & Africa Potassium Fertilizer Market Outlook
- 10.1. Market Size By Nutrient Type
- 10.1.1. By Value
- 10.1.2. By Volume
- 10.2. Market Share
- 10.2.1. By Country
- 10.2.2. By Product Type
- 10.2.3. By Physical Formulation
- 10.3. UAE Potassium Fertilizer Market Outlook
- 10.3.1. Market Size By Value
- 10.3.2. Market Share By Product Type
- 10.4. Saudi Arabia Potassium Fertilizer Market Outlook
- 10.4.1. Market Size By Value
- 10.4.2. Market Share By Product Type
- 10.5. South Africa Potassium Fertilizer Market Outlook
- 10.5.1. Market Size By Value
- 10.5.2. Market Share By Product Type
- 11. Market Dynamics
- 11.1. Key Drivers
- 11.2. Key Challenges
- 12. Market Trends and Developments
- 12.1. XXXX
- 12.2. XXXX
- 12.3. XXXX
- 12.4. XXXX
- 12.5. XXXX
- 12.6. XXXX
- 13. Company Profiles
- 13.1. THE MOSAIC COMPANY
- 13.2. NUTRIEN LIMITED
- 13.3. K+S AKTIENGESELLSCHAFT
- 13.4. SOCIEDAD QUÍMICA Y MINERA DE CHILE
- 13.5. EUROCHEM GROUP
- 13.6. CHAMBAL FERTILISERS & CHEMICALS LIMITED
- 13.7. UralChem Group
- 13.8. Uralkali PJSC
- 13.9. Anglo American plc
- 13.10. Bunge Limited
- 13.11. FoxFarm Soil & Fertilizer Corporation
- 13.12. Sinofert Holdings Limited
- 13.13. AgroLiquid
- 14. Strategic Recommendations
- 15. Disclaimer
Table 1: Top 10 Counties Economic Snapshot 2020
Table 2: Economic Snapshot of Other Prominent Countries 2020
Table 3: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 4: Global Potassium Fertilizer Market Size By Product Type By Value (2016 - 2021 & 2022 - 2027F) (In USD millions)
Table 5: Global Potassium Fertilizer Market Size By Product Type By Volume (2016 - 2021 & 2022 - 2027F) (In MMT)
Table 6: Global Potassium Fertilizer Market Share By Region By Value (2016, 2021 & 2027F)
Table 7: Global Potassium Fertilizer Market Share By Country By Value (2016, 2021 & 2027F)
Table 8: North America Potassium Fertilizer Market Size By Value (2016 - 2021 & 2022 - 2027F) (In USD Billions)
Table 9: North America Potassium Fertilizer Market Size By Volume (2016 - 2021 & 2022 - 2027F) (In MMT)
Table 10: North America Potassium Fertilizer Market Share By Country By Value (2016, 2021 & 2027F)
Table 11: North America Potassium Fertilizer Market Share By Product Type By Value (2016 - 2021 & 2022 - 2027F)
Table 12: US Potassium Fertilizer Market Size By Value (2016 to 2027F) (In USD Billions)
Table 13: US Potassium Fertilizer Market Share By Product Type By Value (2016 - 2021 & 2022 - 2027F)
Table 14: Canada Potassium Fertilizer Market Size By Value (2016 to 2027F) (In USD Billions)
Table 15: Canada Potassium Fertilizer Market Share By Product Type By Value (2016 - 2021 & 2022 - 2027F)
Table 16: Mexico Potassium Fertilizer Market Size By Value (2016 to 2027F) (In USD Billions)
Table 17: Mexico Potassium Fertilizer Market Share By Product Type By Value (2016 - 2021 & 2022 - 2027F)
Table 18: Europe Potassium Fertilizer Market Size By Value (2016 - 2021 & 2022 - 2027F) (In USD Billions)
Table 19: Europe Potassium Fertilizer Market Size By Volume (2016 to 2027F) (In MMT)
Table 20:Europe Potassium Fertilizer Market Share By Country (2016, 2021 & 2027F)
Table 21: Europe Potassium Fertilizer Market Share By Product Type By Value (2016 - 2021 & 2022 - 2027F)
Table 22: UK Potassium Fertilizer Market Size By Value (2016 to 2027F) (In USD Billions)
Table 23: UK Potassium Fertilizer Market Share By Product Type By Value (2016 - 2021 & 2022 - 2027F)
Table 24: France Potassium Fertilizer Market Size By Value (2016 to 2027F) (In USD Billions)
Table 25: France Potassium Fertilizer Market Share By Product Type By Value (2016 - 2021 & 2022 - 2027F)
Table 26: Italy Potassium Fertilizer Market Size By Value (2016 to 2027F) (In USD Billions)
Table 27: Italy Potassium Fertilizer Market Share By Product Type By Value (2016 - 2021 & 2022 - 2027F)
Table 28: Spain Potassium Fertilizer Market Size By Value (2016 to 2027F) (In USD Billions)
Table 29: Spain Potassium Fertilizer Market Share By Product Type By Value (2016 - 2021 & 2022 - 2027F)
Table 30: Russia Potassium Fertilizer Market Size By Value (2016 to 2027F) (In USD Billions)
Table 31: Russia Potassium Fertilizer Market Share By Product Type By Value (2016 - 2021 & 2022 - 2027F)
Table 32: Asia-Pacific Potassium Fertilizer Market Size By Value (2016 - 2021 & 2022 - 2027F) (In USD Billions)
Table 33: Asia-Pacific Potassium Fertilizer Market Size By Volume (2016 - 2021 & 2022 - 2027F) (In MMT)
Table 34: Asia-Pacific Potassium Fertilizer Market Share By Country (2016, 2021 & 2027F)
Table 35: Asia-Pacific Potassium Fertilizer Market Share By Product Type By Value (2016 - 2021 & 2022 - 2027F)
Table 36: China Potassium Fertilizer Market Size By Value (2016 to 2027F) (In USD Billions)
Table 37: China Potassium Fertilizer Market Share By Product Type By Value (2016 - 2021 & 2022 - 2027F)
Table 38: Japan Potassium Fertilizer Market Size By Value (2016 to 2027F) (In USD Billions)
Table 39: Japan Potassium Fertilizer Market Share By Product Type By Value (2016 - 2021 & 2022 - 2027F)
Table 40: India Potassium Fertilizer Market Size By Value (2016 to 2027F) (In USD Billions)
Table 41: India Potassium Fertilizer Market Share By Product Type By Value (2016 - 2021 & 2022 - 2027F)
Table 42: Australia Potassium Fertilizer Market Size By Value (2016 to 2027F) (In USD Billions)
Table 43: Australia Potassium Fertilizer Market Share By Product Type By Value (2016 - 2021 & 2022 - 2027F)
Table 44: Latin America Potassium Fertilizer Market Size By Value (2016 - 2021 & 2022 - 2027F) (In USD Billions)
Table 45: Latin America Potassium Fertilizer Market Size By Volume (2016 - 2021 & 2022 - 2027F) (In MMT)
Table 46: Latin America Potassium Fertilizer Market Share By Country (2016, 2021 & 2027F)
Table 47: Latin America Potassium Fertilizer Market Share By Product Type By Value (2016 - 2021 & 2022 - 2027F)
Table 48: Brazil Potassium Fertilizer Market Size By Value (2016 to 2027F) (In USD Billions)
Table 49: Brazil Potassium Fertilizer Market Share By Product Type By Value (2016 - 2021 & 2022 - 2027F)
Table 50: Argentina Potassium Fertilizer Market Size By Value (2016 to 2027F) (In USD Billions)
Table 51: Argentina Potassium Fertilizer Market Share By Product Type By Value (2016 - 2021 & 2022 - 2027F)
Table 52: Colombia Potassium Fertilizer Market Size By Value (2016 to 2027F) (In USD Billions)
Table 53: Colombia Potassium Fertilizer Market Share By Product Type By Value (2016 - 2021 & 2022 - 2027F)
Table 54: Middle East & Africa Potassium Fertilizer Market Size By Value (2016 - 2021 & 2022 - 2027F) (In USD Billions)
Table 55: Middle East & Africa Potassium Fertilizer Market Size By Volume (2016 - 2021 & 2022 - 2027F) (In MMT)
Table 56: Middle East & Africa Potassium Fertilizer Market Share By Country (2016, 2021 & 2027F)
Table 57: Middle East & Africa Potassium Fertilizer Market Share By Product Type By Value (2016 - 2021 & 2022 - 2027F)
Table 58: UAE Potassium Fertilizer Market Size By Value (2016 to 2027F) (In USD Billions)
Table 59: UAE Potassium Fertilizer Market Share By Product Type By Value (2016 - 2021 & 2022 - 2027F)
Table 60: Saudi Arabia Potassium Fertilizer Market Size By Value (2016 to 2027F) (In USD Billions)
Table 61: Saudi Arabia Potassium Fertilizer Market Share By Product Type By Value (2016 - 2021 & 2022 - 2027F)
Table 62: South Africa Potassium Fertilizer Market Size By Value (2016 to 2027F) (In USD Billions)
Table 63: South Africa Potassium Fertilizer Market Share By Product Type By Value (2016 - 2021 & 2022 - 2027F)
Table 64: Key Facts of THE MOSAIC COMPANY
Table 65: Key Facts of NUTRIEN LIMITED
Table 66: Key Facts of K+S AKTIENGESELLSCHAFT
Table 67: Key Facts of SOCIEDAD QUÍMICA Y MINERA DE CHILE
Table 68: Key Facts of EUROCHEM GROUP
Table 69: Key Facts of CHAMBAL FERTILISERS & CHEMICALS LIMITED
Table 70: Key Facts of UralChem Group
Table 71: Key Facts of Uralkali PJSC
Table 72: Key Facts of Anglo American plc
Table 73: Key Facts of Bunge Limited
Table 74: Key Facts of FoxFarm Soil & Potassium Fertilizer Corporation
Table 75: Key Facts of Sinofert Holdings Limited
Table 76: Key Facts of AgroLiquid
Figure 1: Global Potassium Fertilizer Market Share By Physical Formulation By Value (2016, 2021 & 2027F)
Figure 2: North America Potassium Fertilizer Market Share By Physical Formulation By Value (2016, 2021 & 2027F)
Figure 3: Europe Potassium Fertilizer Market Share By Physical Formulation By Value (2016, 2021 & 2027F)
Figure 4: Asia-Pacific Potassium Fertilizer Market Share By Physical Formulation By Value (2016, 2021 & 2027F)
Figure 5: Latin America Potassium Fertilizer Market Share By Physical Formulation By Value (2016, 2021 & 2027F)
Figure 6: Middle East & Africa Potassium Fertilizer Market Share By Physical Formulation By Value (2016, 2021 & 2027F)
Figure 7: Market Attractiveness Index, 2021
Figure 8: Market Attractiveness Index, 2027F
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