LONDON--(BUSINESS WIRE)--Sep 27, 2019--
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.
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Technavio has announced its latest market research report titled global potash market 2019-2023 (Graphic: Business Wire)
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:
- JSC BELARUSKALI
- K+S AKTIENGESELLSCHAFT
- The Mosaic Company
Market Segmentation by End-User:
The Potash Market can be broadly categorized into the following end-user segment:
- General industrial
Key Regions for the Potash Market:
Featuring a breakdown of region-wise market shares until 2019.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
- 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).
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE: Technavio Research
Copyright Business Wire 2019.
PUB: 09/27/2019 10:00 AM/DISC: 09/27/2019 10:00 AM