Potash Fertilizer Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030

The Potash Fertilizer Market is segmented by Type (Straight), by Application Mode (Fertigation, Foliar, Soil), by Crop Type (Field Crops, Horticultural Crops, Turf & Ornamental) and by Region (Asia-Pacific, Europe, Middle East & Africa, North America, South America). The report offers market size in both market value in USD and market volume in metric ton. Further, the report includes a market split by Type, Form, Application Mode and Crop Type.

Potash Fertilizer Market Size

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Potash Fertilizer Market Summary
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Icons Lable Value
https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2030
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 20.35 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2030) USD 28.45 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Product MoP
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2030) 5.74 %
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Region Asia-Pacific

Major Players

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*Disclaimer: Major Players sorted in no particular order

Key Players

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Potash Fertilizer Market Analysis

The Potash Fertilizer Market size is estimated at 20.35 billion USD in 2024, and is expected to reach 28.45 billion USD by 2030, growing at a CAGR of 5.74% during the forecast period (2024-2030).

20.35 Billion

Market Size in 2024 (USD)

28.45 Billion

Market Size in 2030 (USD)

5.61 %

CAGR (2017-2023)

5.74 %

CAGR (2024-2030)

Fastest Growing Type

5.94 %

Projected CAGR, SoP, 2024-2030

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The demand for Sulfate of potash has been growing, driven by its compatibility with chloride-sensitive crops and its perceived benefits in certain agricultural practices.

Largest Segment by Crop Type

87.43 %

value share, Field Crops, 2023

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The demand for potash fertilizer in the field crop segment remains high, particularly to address potassium deficiency to enhance the yield and quality of field crops.

Largest Segment by Application Mode

91.43 %

value share, Soil, 2023

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Soil application is widely practiced in agriculture as it is an inexpensive method of applying fertilizers, making it the largest segment in the market by application mode.

Largest segment by Country

14.55 %

value share, Brazil, 2023

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The growing demand for potash fertilizers for plant growth with increased extensive cultivation of various crops contributes significantly to the demand for potash fertilizers

Leading Market Player

17.63 %

market share, The Mosaic Company, 2022

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Mosaic is a well-known producer and marketer of concentrated phosphate and potash crop nutrients. The company has a strong presence in the North America region.

Despite its superior quality, SoP fertilizer has struggled to gain market share over MoP, primarily due to its higher price

  • Muriate of potash (MoP), a potassic fertilizer boasting the highest potash content at 60.0%, commanded a global market valuation of USD 22.44 billion in 2022. Concurrently, its consumption reached 37.3 million metric tons, representing a dominant 86.5% of the global potassium fertilizer consumption.
  • Sulphate of potash (SoP), with a potassium content of 50.0%, emerged as the second most favored potassium fertilizer worldwide. The global SoP fertilizer market, in 2022, was valued at USD 2.41 billion, with a consumption volume of 2.8 million metric tons.
  • South America, with a 28.6% market share in 2022, stands as the second-largest potassic fertilizer market, trailing the Asia-Pacific's 30.0% share. This is primarily due to South American countries, notably Brazil, boasting significant potassic fertilizer production, coupled with a robust demand from their crops.
  • Other notable potassic fertilizers, such as langbeinite and carnallite, collectively account for 4.1% of the global potassic fertilizer consumption. In 2022, this segment was valued at USD 1.06 billion, with a consumption volume of 1.7 million metric tons.
  • The price of SoP consistently surpasses that of MoP and other potassic fertilizers. For instance, since 2017, the price of SoP has nearly doubled that of MoP, and by 2021, it had more than doubled. Despite its superior quality, the higher price of SoP has limited its market share compared to MoP.
  • The potassic fertilizer market is poised for growth during 2023-2030, driven by factors like the escalating demand for enhanced crop productivity.
Global Potash Fertilizer Market

Asia-Pacific dominates the global potash fertilizers market

  • Asia-Pacific dominates the global potash fertilizers market, accounting for 40.0% of the market value in 2022. According to the analysis, the Asia-Pacific potash fertilizer market was valued at USD 10.37 billion in 2022. By fertilizer type, conventional potash fertilizers dominate the fertilizer market, accounting for about 71.1%, followed by specialty potash fertilizers contributing to 28.8% in 2022.
  • The Asia-Pacific, driven by its robust crop demand, notably relies on potash fertilizers, making it the largest consumer. Between 2017 and 2018, the region imported a substantial 7.0 million metric tons of potash fertilizers.
  • South America secured the global market share of 18.5% slice in 2022. Notably, the potassic fertilizer segment is witnessing rapid growth, primarily fueled by the expanding soybean cultivation in Brazil. Given its suitability for Brazil's low-fertility and acidic tropical soils, potassic fertilizers are aiding in boosting soybean yields. In 2017, Brazil alone accounted for the highest potash fertilizer usage in South America, reaching 6.3 million metric tons.
  • Europe, with an 9.4% market share in 2022, stood as the third-largest potash fertilizer market. Notably, countries like Poland, Belgium, and those in Southeastern Europe are the major consumers, collectively representing 70.5% of Europe's fertilizer market value. This segment is projected to register a CAGR of 5.0% from 2023 to 2030.
  • Across developing markets, potassium deficiency is a common issue in soils. Farmers are increasingly turning to potash fertilizers, not only to rectify potassium deficiencies but also to enhance their overall productivity. This trend is a significant driver for the market's growth.

Global Potash Fertilizer Market Trends

The rising pressure on the agriculture industry to meet the growing demand for food is expected to increase the area under field crop cultivation

  • The global agricultural sector is currently facing many challenges. According to the UN, the world population will likely exceed nine billion by 2050. This population growth may overburden the agricultural industry, which is already experiencing an output loss due to a lack of laborers and the shrinkage of agricultural fields caused by rising urbanization. According to the Food and Agriculture Organization, 70% of the global population is expected to live in cities by 2050. Due to the global loss of arable land, farmers now need to utilize more fertilizers to increase crop yields.
  • Asia-Pacific is the world's largest producer of agricultural products. Agriculture is critical to the region's economy, as it employs about 20% of the total available workforce. Field crop cultivation dominates the region, accounting for about more than 95% of the total crop area in the region. Rice, wheat, and corn are the major field crops produced in the region, together accounting for about 24.3% of the total crop area in 2022.
  • North America ranks as the second-largest arable region globally. Its farms cultivate a diverse range of crops, with a focus on field crops. Notably, corn, cotton, rice, soybean, and wheat are the prominent field crops, as highlighted by the USDA. In 2022, the United States commanded 46.2% of North America's crop cultivation area. However, the country witnessed a significant drop in crop acreage between 2017 and 2019, primarily due to adverse environmental conditions, leading to severe flooding in regions like Texas and Houston.
Global Potash Fertilizer Market

Potassium activates the enzymes needed for plant growth and development

  • Corn, rapeseed, cotton, sorghum, rice, wheat, and soybean are prominent crops globally, known for their high nutrient requirements. The average potassium application rates for these crops in 2022 were as follows: corn (196.8 kg/ha), rapeseed (248.6 kg/ha), cotton (164.3 kg/ha), sorghum (185.3 kg/ha), rice (67.9 kg/ha), wheat (96.4 kg/ha), and soybean (181.7 kg/ha). Potassium plays a major role in achieving the maximum economic yield, as part of a balanced approach to crop nutrition, as well as influencing crop quality.
  • The average application rate for potassium in field crops stood at 150.3 kg/ha in 2022. The rapeseed had the highest potassium application rate recorded at 248.6 kg/ha. In the case of acute potassium deficiency, the leaves of rapeseed show marginal or interveinal chlorosis followed by patches of necrosis. It will also lead to greater drought susceptibility, increased lodging, reduced photosynthesis, and restricted movement of water and nutrients around the plant.
  • According to University College London, The researchers reported that globally, about 20% of agricultural soils face severe potassium deficiency, with particular regions likely to experience more critical shortages, including 44% of agricultural soils in Southeast Asia, 30% in Sub-Saharan Africa, and 20% in East Asia which will further drive the potash fertilizers usage.  
  • The cultivation area for field crops is expanding globally, with notable growth in South America and Asia-Pacific. These regions are emerging as key markets for fertilizers. Developed regions like Europe and North America and areas grappling with nutrient deficiencies are increasingly adopting specialty fertilizers for their efficacy. These trends are expected to fuel the potash fertilizers market during 2023-2030.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • The expansion of horticulture crop cultivation is driven by higher economic returns and increasing demand for fruits and vegetables
  • Tomatoes, cauliflower, garlic, and onions are the leading vegetable crops globally, with the highest consumption of potash fertilizers per hectare
  • Potassium activates the enzymes needed for plant growth and development
  • Asia-Pacific occupied the majority of the irrigation area globally, accounting for 66.8% in 2022

Potash Fertilizer Industry Overview

The Potash Fertilizer Market is moderately consolidated, with the top five companies occupying 46.81%. The major players in this market are EuroChem Group, K+S Aktiengesellschaft, Nutrien Ltd., Sinofert Holdings Limited and The Mosaic Company (sorted alphabetically).

Potash Fertilizer Market Leaders

  1. EuroChem Group

  2. K+S Aktiengesellschaft

  3. Nutrien Ltd.

  4. Sinofert Holdings Limited

  5. The Mosaic Company

Potash Fertilizer Market Concentration

Other important companies include Coromandel International Ltd., Intrepid Potash Inc., Sociedad Quimica y Minera de Chile SA.

*Disclaimer: Major Players sorted in alphabetical order.

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Potash Fertilizer Market News

  • April 2023: K+S acquired a 75% share of the fertilizer business of a South African trading company, Industrial Commodities Holdings (Pty) Ltd (ICH). In addition to expanding the core business, K+S is strengthening its operations in southern and eastern Africa as a result of this acquisition. The newly acquired fertilizer business in the future is to be operated in a joint venture under the name of FertivPty Ltd.
  • March 2022: EuroChem Group has purchased 51.48% of the shares of the Brazilian distributor Fertilizantes Heringer SA, this purchase will further strengthen its production and distribution capacity in Brazil.
  • February 2022: Sinochem Fertilizer Macao Limited and Arab Potash Company PLC (“APC”) signed their Memorandum of Understanding (“MOU”). By the Memorandum of Understanding, from 2023 to 2025 Sinochem Fertilizer will still be China's exclusive marketing company for APC potash.

Free with this Report

Along with the report, We also offer a comprehensive and exhaustive data pack with 25+ graphs on area under cultivation and average application rate per hectare. The data pack includes Globe, North America, Europe, Asia-Pacific, South America, and Africa.

Global Potash Fertilizer Market
Global Potash Fertilizer Market
Global Potash Fertilizer Market
Global Potash Fertilizer Market

Potash Fertilizer Market Report - Table of Contents

1. EXECUTIVE SUMMARY & KEY FINDINGS

2. REPORT OFFERS

3. INTRODUCTION

  • 3.1 Study Assumptions & Market Definition
  • 3.2 Scope of the Study​
  • 3.3 Research Methodology

4. KEY INDUSTRY TRENDS

  • 4.1 Acreage Of Major Crop Types
    • 4.1.1 Field Crops
    • 4.1.2 Horticultural Crops
  • 4.2 Average Nutrient Application Rates
    • 4.2.1 Primary Nutrients
    • 4.2.1.1 Field Crops
    • 4.2.1.2 Horticultural Crops
  • 4.3 Agricultural Land Equipped For Irrigation
  • 4.4 Regulatory Framework
  • 4.5 Value Chain & Distribution Channel Analysis

5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)

  • 5.1 Type
    • 5.1.1 Straight
    • 5.1.1.1 Potassic
    • 5.1.1.1.1 MoP
    • 5.1.1.1.2 SoP
    • 5.1.1.1.3 Others
  • 5.2 Application Mode
    • 5.2.1 Fertigation
    • 5.2.2 Foliar
    • 5.2.3 Soil
  • 5.3 Crop Type
    • 5.3.1 Field Crops
    • 5.3.2 Horticultural Crops
    • 5.3.3 Turf & Ornamental
  • 5.4 Region
    • 5.4.1 Asia-Pacific
    • 5.4.1.1 Australia
    • 5.4.1.2 Bangladesh
    • 5.4.1.3 China
    • 5.4.1.4 India
    • 5.4.1.5 Indonesia
    • 5.4.1.6 Japan
    • 5.4.1.7 Pakistan
    • 5.4.1.8 Philippines
    • 5.4.1.9 Thailand
    • 5.4.1.10 Vietnam
    • 5.4.1.11 Rest of Asia-Pacific
    • 5.4.2 Europe
    • 5.4.2.1 France
    • 5.4.2.2 Germany
    • 5.4.2.3 Italy
    • 5.4.2.4 Netherlands
    • 5.4.2.5 Russia
    • 5.4.2.6 Spain
    • 5.4.2.7 Ukraine
    • 5.4.2.8 United Kingdom
    • 5.4.2.9 Rest of Europe
    • 5.4.3 Middle East & Africa
    • 5.4.3.1 Nigeria
    • 5.4.3.2 Saudi Arabia
    • 5.4.3.3 South Africa
    • 5.4.3.4 Turkey
    • 5.4.3.5 Rest of Middle East & Africa
    • 5.4.4 North America
    • 5.4.4.1 Canada
    • 5.4.4.2 Mexico
    • 5.4.4.3 United States
    • 5.4.4.4 Rest of North America
    • 5.4.5 South America
    • 5.4.5.1 Argentina
    • 5.4.5.2 Brazil
    • 5.4.5.3 Rest of South America

6. COMPETITIVE LANDSCAPE

  • 6.1 Key Strategic Moves
  • 6.2 Market Share Analysis
  • 6.3 Company Landscape
  • 6.4 Company Profiles
    • 6.4.1 Coromandel International Ltd.
    • 6.4.2 EuroChem Group
    • 6.4.3 Intrepid Potash Inc.
    • 6.4.4 K+S Aktiengesellschaft
    • 6.4.5 Nutrien Ltd.
    • 6.4.6 Sinofert Holdings Limited
    • 6.4.7 Sociedad Quimica y Minera de Chile SA
    • 6.4.8 The Mosaic Company
  • *List Not Exhaustive

7. KEY STRATEGIC QUESTIONS FOR FERTILIZER CEOS

8. APPENDIX

  • 8.1 Global Overview
    • 8.1.1 Overview
    • 8.1.2 Porter’s Five Forces Framework
    • 8.1.3 Global Value Chain Analysis
    • 8.1.4 Market Dynamics (DROs)
  • 8.2 Sources & References
  • 8.3 List of Tables & Figures
  • 8.4 Primary Insights
  • 8.5 Data Pack
  • 8.6 Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. CULTIVATION OF FIELD CROPS IN HECTARE, GLOBAL, 2017 - 2022
  1. Figure 2:  
  2. CULTIVATION OF HORTICULTURAL CROPS IN HECTARE, GLOBAL, 2017 - 2022
  1. Figure 3:  
  2. CONSUMPTION OF PRIMARY NUTRIENTS BY FIELD CROPS IN KG/HECTARE, GLOBAL, 2022
  1. Figure 4:  
  2. CONSUMPTION OF PRIMARY NUTRIENTS BY HORTICULTURAL CROPS IN KG/HECTARE, GLOBAL, 2022
  1. Figure 5:  
  2. AGRICULTURAL LAND EQUIPPED FOR IRRIGATION IN HECTARE, GLOBAL, 2022
  1. Figure 6:  
  2. POTASSIC FERTILIZER CONSUMPTION IN METRIC TON, GLOBAL, 2017 - 2030
  1. Figure 7:  
  2. POTASSIC FERTILIZER CONSUMPTION IN USD, GLOBAL, 2017 - 2030
  1. Figure 8:  
  2. POTASSIC FERTILIZER CONSUMPTION BY PRODUCT IN METRIC TON, GLOBAL, 2017 - 2030
  1. Figure 9:  
  2. POTASSIC FERTILIZER CONSUMPTION BY PRODUCT IN USD, GLOBAL, 2017 - 2030
  1. Figure 10:  
  2. POTASSIC FERTILIZER CONSUMPTION VOLUME BY PRODUCT IN %, GLOBAL, 2017 VS 2023 VS 2030
  1. Figure 11:  
  2. POTASSIC FERTILIZER CONSUMPTION VALUE BY PRODUCT IN %, GLOBAL, 2017 VS 2023 VS 2030
  1. Figure 12:  
  2. MOP FERTILIZER CONSUMPTION IN METRIC TON, GLOBAL, 2017 - 2030
  1. Figure 13:  
  2. MOP FERTILIZER CONSUMPTION IN USD, GLOBAL, 2017 - 2030
  1. Figure 14:  
  2. MOP FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, GLOBAL, 2023 VS 2030
  1. Figure 15:  
  2. SOP FERTILIZER CONSUMPTION IN METRIC TON, GLOBAL, 2017 - 2030
  1. Figure 16:  
  2. SOP FERTILIZER CONSUMPTION IN USD, GLOBAL, 2017 - 2030
  1. Figure 17:  
  2. SOP FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, GLOBAL, 2023 VS 2030
  1. Figure 18:  
  2. OTHERS FERTILIZER CONSUMPTION IN METRIC TON, GLOBAL, 2017 - 2030
  1. Figure 19:  
  2. OTHERS FERTILIZER CONSUMPTION IN USD, GLOBAL, 2017 - 2030
  1. Figure 20:  
  2. OTHERS FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, GLOBAL, 2023 VS 2030
  1. Figure 21:  
  2. POTASSIC FERTILIZER CONSUMPTION BY APPLICATION MODE IN METRIC TON, GLOBAL, 2017 - 2030
  1. Figure 22:  
  2. POTASSIC FERTILIZER CONSUMPTION BY APPLICATION MODE IN USD, GLOBAL, 2017 - 2030
  1. Figure 23:  
  2. POTASSIC FERTILIZER CONSUMPTION VOLUME BY APPLICATION MODE IN %, GLOBAL, 2017 VS 2023 VS 2030
  1. Figure 24:  
  2. POTASSIC FERTILIZER CONSUMPTION VALUE BY APPLICATION MODE IN %, GLOBAL, 2017 VS 2023 VS 2030
  1. Figure 25:  
  2. FERTIGATION APPLICATION OF POTASSIC FERTILIZER IN METRIC TON, GLOBAL, 2017 - 2030
  1. Figure 26:  
  2. FERTIGATION APPLICATION OF POTASSIC FERTILIZER IN USD, GLOBAL, 2017 - 2030
  1. Figure 27:  
  2. FERTIGATION APPLICATION OF POTASSIC FERTILIZER IN VALUE BY CROP TYPE IN %, GLOBAL, 2023 VS 2030
  1. Figure 28:  
  2. FOLIAR APPLICATION OF POTASSIC FERTILIZER IN METRIC TON, GLOBAL, 2017 - 2030
  1. Figure 29:  
  2. FOLIAR APPLICATION OF POTASSIC FERTILIZER IN USD, GLOBAL, 2017 - 2030
  1. Figure 30:  
  2. FOLIAR APPLICATION OF POTASSIC FERTILIZER IN VALUE BY CROP TYPE IN %, GLOBAL, 2023 VS 2030
  1. Figure 31:  
  2. SOIL APPLICATION OF POTASSIC FERTILIZER IN METRIC TON, GLOBAL, 2017 - 2030
  1. Figure 32:  
  2. SOIL APPLICATION OF POTASSIC FERTILIZER IN USD, GLOBAL, 2017 - 2030
  1. Figure 33:  
  2. SOIL APPLICATION OF POTASSIC FERTILIZER IN VALUE BY CROP TYPE IN %, GLOBAL, 2023 VS 2030
  1. Figure 34:  
  2. POTASSIC FERTILIZER CONSUMPTION BY CROP TYPE IN METRIC TON, GLOBAL, 2017 - 2030
  1. Figure 35:  
  2. POTASSIC FERTILIZER CONSUMPTION BY CROP TYPE IN USD, GLOBAL, 2017 - 2030
  1. Figure 36:  
  2. POTASSIC FERTILIZER CONSUMPTION VOLUME BY CROP TYPE IN %, GLOBAL, 2017 VS 2023 VS 2030
  1. Figure 37:  
  2. POTASSIC FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, GLOBAL, 2017 VS 2023 VS 2030
  1. Figure 38:  
  2. POTASSIC FERTILIZER CONSUMPTION BY FIELD CROPS IN METRIC TON, GLOBAL, 2017 - 2030
  1. Figure 39:  
  2. POTASSIC FERTILIZER CONSUMPTION BY FIELD CROPS IN USD, GLOBAL, 2017 - 2030
  1. Figure 40:  
  2. POTASSIC FERTILIZER CONSUMPTION VALUE BY SPECIALITY TYPE IN %, GLOBAL, 2023 VS 2030
  1. Figure 41:  
  2. POTASSIC FERTILIZER CONSUMPTION BY HORTICULTURAL CROPS IN METRIC TON, GLOBAL, 2017 - 2030
  1. Figure 42:  
  2. POTASSIC FERTILIZER CONSUMPTION BY HORTICULTURAL CROPS IN USD, GLOBAL, 2017 - 2030
  1. Figure 43:  
  2. POTASSIC FERTILIZER CONSUMPTION VALUE BY SPECIALITY TYPE IN %, GLOBAL, 2023 VS 2030
  1. Figure 44:  
  2. POTASSIC FERTILIZER CONSUMPTION BY TURF & ORNAMENTAL IN METRIC TON, GLOBAL, 2017 - 2030
  1. Figure 45:  
  2. POTASSIC FERTILIZER CONSUMPTION BY TURF & ORNAMENTAL IN USD, GLOBAL, 2017 - 2030
  1. Figure 46:  
  2. POTASSIC FERTILIZER CONSUMPTION VALUE BY SPECIALITY TYPE IN %, GLOBAL, 2023 VS 2030
  1. Figure 47:  
  2. POTASSIC FERTILIZER CONSUMPTION BY REGION IN METRIC TON, GLOBAL, 2017 - 2030
  1. Figure 48:  
  2. POTASSIC FERTILIZER CONSUMPTION BY REGION IN USD, GLOBAL, 2017 - 2030
  1. Figure 49:  
  2. POTASSIC FERTILIZER CONSUMPTION VOLUME BY REGION IN %, GLOBAL, 2017 VS 2023 VS 2030
  1. Figure 50:  
  2. POTASSIC FERTILIZER CONSUMPTION VALUE BY REGION IN %, GLOBAL, 2017 VS 2023 VS 2030
  1. Figure 51:  
  2. POTASSIC FERTILIZER CONSUMPTION BY COUNTRY IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
  1. Figure 52:  
  2. POTASSIC FERTILIZER CONSUMPTION BY COUNTRY IN USD, ASIA-PACIFIC, 2017 - 2030
  1. Figure 53:  
  2. POTASSIC FERTILIZER CONSUMPTION VOLUME BY COUNTRY IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
  1. Figure 54:  
  2. POTASSIC FERTILIZER CONSUMPTION VALUE BY COUNTRY IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
  1. Figure 55:  
  2. POTASSIC FERTILIZER CONSUMPTION IN METRIC TON, AUSTRALIA, 2017 - 2030
  1. Figure 56:  
  2. POTASSIC FERTILIZER CONSUMPTION IN USD, AUSTRALIA, 2017 - 2030
  1. Figure 57:  
  2. POTASSIC FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, AUSTRALIA, 2023 VS 2030
  1. Figure 58:  
  2. POTASSIC FERTILIZER CONSUMPTION IN METRIC TON, BANGLADESH, 2017 - 2030
  1. Figure 59:  
  2. POTASSIC FERTILIZER CONSUMPTION IN USD, BANGLADESH, 2017 - 2030
  1. Figure 60:  
  2. POTASSIC FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, BANGLADESH, 2023 VS 2030
  1. Figure 61:  
  2. POTASSIC FERTILIZER CONSUMPTION IN METRIC TON, CHINA, 2017 - 2030
  1. Figure 62:  
  2. POTASSIC FERTILIZER CONSUMPTION IN USD, CHINA, 2017 - 2030
  1. Figure 63:  
  2. POTASSIC FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, CHINA, 2023 VS 2030
  1. Figure 64:  
  2. POTASSIC FERTILIZER CONSUMPTION IN METRIC TON, INDIA, 2017 - 2030
  1. Figure 65:  
  2. POTASSIC FERTILIZER CONSUMPTION IN USD, INDIA, 2017 - 2030
  1. Figure 66:  
  2. POTASSIC FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, INDIA, 2023 VS 2030
  1. Figure 67:  
  2. POTASSIC FERTILIZER CONSUMPTION IN METRIC TON, INDONESIA, 2017 - 2030
  1. Figure 68:  
  2. POTASSIC FERTILIZER CONSUMPTION IN USD, INDONESIA, 2017 - 2030
  1. Figure 69:  
  2. POTASSIC FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, INDONESIA, 2023 VS 2030
  1. Figure 70:  
  2. POTASSIC FERTILIZER CONSUMPTION IN METRIC TON, JAPAN, 2017 - 2030
  1. Figure 71:  
  2. POTASSIC FERTILIZER CONSUMPTION IN USD, JAPAN, 2017 - 2030
  1. Figure 72:  
  2. POTASSIC FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, JAPAN, 2023 VS 2030
  1. Figure 73:  
  2. POTASSIC FERTILIZER CONSUMPTION IN METRIC TON, PAKISTAN, 2017 - 2030
  1. Figure 74:  
  2. POTASSIC FERTILIZER CONSUMPTION IN USD, PAKISTAN, 2017 - 2030
  1. Figure 75:  
  2. POTASSIC FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, PAKISTAN, 2023 VS 2030
  1. Figure 76:  
  2. POTASSIC FERTILIZER CONSUMPTION IN METRIC TON, PHILIPPINES, 2017 - 2030
  1. Figure 77:  
  2. POTASSIC FERTILIZER CONSUMPTION IN USD, PHILIPPINES, 2017 - 2030
  1. Figure 78:  
  2. POTASSIC FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, PHILIPPINES, 2023 VS 2030
  1. Figure 79:  
  2. POTASSIC FERTILIZER CONSUMPTION IN METRIC TON, THAILAND, 2017 - 2030
  1. Figure 80:  
  2. POTASSIC FERTILIZER CONSUMPTION IN USD, THAILAND, 2017 - 2030
  1. Figure 81:  
  2. POTASSIC FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, THAILAND, 2023 VS 2030
  1. Figure 82:  
  2. POTASSIC FERTILIZER CONSUMPTION IN METRIC TON, VIETNAM, 2017 - 2030
  1. Figure 83:  
  2. POTASSIC FERTILIZER CONSUMPTION IN USD, VIETNAM, 2017 - 2030
  1. Figure 84:  
  2. POTASSIC FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, VIETNAM, 2023 VS 2030
  1. Figure 85:  
  2. POTASSIC FERTILIZER CONSUMPTION IN METRIC TON, REST OF ASIA-PACIFIC, 2017 - 2030
  1. Figure 86:  
  2. POTASSIC FERTILIZER CONSUMPTION IN USD, REST OF ASIA-PACIFIC, 2017 - 2030
  1. Figure 87:  
  2. POTASSIC FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, REST OF ASIA-PACIFIC, 2023 VS 2030
  1. Figure 88:  
  2. POTASSIC FERTILIZER CONSUMPTION BY COUNTRY IN METRIC TON, EUROPE, 2017 - 2030
  1. Figure 89:  
  2. POTASSIC FERTILIZER CONSUMPTION BY COUNTRY IN USD, EUROPE, 2017 - 2030
  1. Figure 90:  
  2. POTASSIC FERTILIZER CONSUMPTION VOLUME BY COUNTRY IN %, EUROPE, 2017 VS 2023 VS 2030
  1. Figure 91:  
  2. POTASSIC FERTILIZER CONSUMPTION VALUE BY COUNTRY IN %, EUROPE, 2017 VS 2023 VS 2030
  1. Figure 92:  
  2. POTASSIC FERTILIZER CONSUMPTION IN METRIC TON, FRANCE, 2017 - 2030
  1. Figure 93:  
  2. POTASSIC FERTILIZER CONSUMPTION IN USD, FRANCE, 2017 - 2030
  1. Figure 94:  
  2. POTASSIC FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, FRANCE, 2023 VS 2030
  1. Figure 95:  
  2. POTASSIC FERTILIZER CONSUMPTION IN METRIC TON, GERMANY, 2017 - 2030
  1. Figure 96:  
  2. POTASSIC FERTILIZER CONSUMPTION IN USD, GERMANY, 2017 - 2030
  1. Figure 97:  
  2. POTASSIC FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, GERMANY, 2023 VS 2030
  1. Figure 98:  
  2. POTASSIC FERTILIZER CONSUMPTION IN METRIC TON, ITALY, 2017 - 2030
  1. Figure 99:  
  2. POTASSIC FERTILIZER CONSUMPTION IN USD, ITALY, 2017 - 2030
  1. Figure 100:  
  2. POTASSIC FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ITALY, 2023 VS 2030
  1. Figure 101:  
  2. POTASSIC FERTILIZER CONSUMPTION IN METRIC TON, NETHERLANDS, 2017 - 2030
  1. Figure 102:  
  2. POTASSIC FERTILIZER CONSUMPTION IN USD, NETHERLANDS, 2017 - 2030
  1. Figure 103:  
  2. POTASSIC FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, NETHERLANDS, 2023 VS 2030
  1. Figure 104:  
  2. POTASSIC FERTILIZER CONSUMPTION IN METRIC TON, RUSSIA, 2017 - 2030
  1. Figure 105:  
  2. POTASSIC FERTILIZER CONSUMPTION IN USD, RUSSIA, 2017 - 2030
  1. Figure 106:  
  2. POTASSIC FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, RUSSIA, 2023 VS 2030
  1. Figure 107:  
  2. POTASSIC FERTILIZER CONSUMPTION IN METRIC TON, SPAIN, 2017 - 2030
  1. Figure 108:  
  2. POTASSIC FERTILIZER CONSUMPTION IN USD, SPAIN, 2017 - 2030
  1. Figure 109:  
  2. POTASSIC FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, SPAIN, 2023 VS 2030
  1. Figure 110:  
  2. POTASSIC FERTILIZER CONSUMPTION IN METRIC TON, UKRAINE, 2017 - 2030
  1. Figure 111:  
  2. POTASSIC FERTILIZER CONSUMPTION IN USD, UKRAINE, 2017 - 2030
  1. Figure 112:  
  2. POTASSIC FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, UKRAINE, 2023 VS 2030
  1. Figure 113:  
  2. POTASSIC FERTILIZER CONSUMPTION IN METRIC TON, UNITED KINGDOM, 2017 - 2030
  1. Figure 114:  
  2. POTASSIC FERTILIZER CONSUMPTION IN USD, UNITED KINGDOM, 2017 - 2030
  1. Figure 115:  
  2. POTASSIC FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, UNITED KINGDOM, 2023 VS 2030
  1. Figure 116:  
  2. POTASSIC FERTILIZER CONSUMPTION IN METRIC TON, REST OF EUROPE, 2017 - 2030
  1. Figure 117:  
  2. POTASSIC FERTILIZER CONSUMPTION IN USD, REST OF EUROPE, 2017 - 2030
  1. Figure 118:  
  2. POTASSIC FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, REST OF EUROPE, 2023 VS 2030
  1. Figure 119:  
  2. POTASSIC FERTILIZER CONSUMPTION BY COUNTRY IN METRIC TON, MIDDLE EAST & AFRICA, 2017 - 2030
  1. Figure 120:  
  2. POTASSIC FERTILIZER CONSUMPTION BY COUNTRY IN USD, MIDDLE EAST & AFRICA, 2017 - 2030
  1. Figure 121:  
  2. POTASSIC FERTILIZER CONSUMPTION VOLUME BY COUNTRY IN %, MIDDLE EAST & AFRICA, 2017 VS 2023 VS 2030
  1. Figure 122:  
  2. POTASSIC FERTILIZER CONSUMPTION VALUE BY COUNTRY IN %, MIDDLE EAST & AFRICA, 2017 VS 2023 VS 2030
  1. Figure 123:  
  2. POTASSIC FERTILIZER CONSUMPTION IN METRIC TON, NIGERIA, 2017 - 2030
  1. Figure 124:  
  2. POTASSIC FERTILIZER CONSUMPTION IN USD, NIGERIA, 2017 - 2030
  1. Figure 125:  
  2. POTASSIC FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, NIGERIA, 2023 VS 2030
  1. Figure 126:  
  2. POTASSIC FERTILIZER CONSUMPTION IN METRIC TON, SAUDI ARABIA, 2017 - 2030
  1. Figure 127:  
  2. POTASSIC FERTILIZER CONSUMPTION IN USD, SAUDI ARABIA, 2017 - 2030
  1. Figure 128:  
  2. POTASSIC FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, SAUDI ARABIA, 2023 VS 2030
  1. Figure 129:  
  2. POTASSIC FERTILIZER CONSUMPTION IN METRIC TON, SOUTH AFRICA, 2017 - 2030
  1. Figure 130:  
  2. POTASSIC FERTILIZER CONSUMPTION IN USD, SOUTH AFRICA, 2017 - 2030
  1. Figure 131:  
  2. POTASSIC FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, SOUTH AFRICA, 2023 VS 2030
  1. Figure 132:  
  2. POTASSIC FERTILIZER CONSUMPTION IN METRIC TON, TURKEY, 2017 - 2030
  1. Figure 133:  
  2. POTASSIC FERTILIZER CONSUMPTION IN USD, TURKEY, 2017 - 2030
  1. Figure 134:  
  2. POTASSIC FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, TURKEY, 2023 VS 2030
  1. Figure 135:  
  2. POTASSIC FERTILIZER CONSUMPTION IN METRIC TON, REST OF MIDDLE EAST & AFRICA, 2017 - 2030
  1. Figure 136:  
  2. POTASSIC FERTILIZER CONSUMPTION IN USD, REST OF MIDDLE EAST & AFRICA, 2017 - 2030
  1. Figure 137:  
  2. POTASSIC FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, REST OF MIDDLE EAST & AFRICA, 2023 VS 2030
  1. Figure 138:  
  2. POTASSIC FERTILIZER CONSUMPTION BY COUNTRY IN METRIC TON, NORTH AMERICA, 2017 - 2030
  1. Figure 139:  
  2. POTASSIC FERTILIZER CONSUMPTION BY COUNTRY IN USD, NORTH AMERICA, 2017 - 2030
  1. Figure 140:  
  2. POTASSIC FERTILIZER CONSUMPTION VOLUME BY COUNTRY IN %, NORTH AMERICA, 2017 VS 2023 VS 2030
  1. Figure 141:  
  2. POTASSIC FERTILIZER CONSUMPTION VALUE BY COUNTRY IN %, NORTH AMERICA, 2017 VS 2023 VS 2030
  1. Figure 142:  
  2. POTASSIC FERTILIZER CONSUMPTION IN METRIC TON, CANADA, 2017 - 2030
  1. Figure 143:  
  2. POTASSIC FERTILIZER CONSUMPTION IN USD, CANADA, 2017 - 2030
  1. Figure 144:  
  2. POTASSIC FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, CANADA, 2023 VS 2030
  1. Figure 145:  
  2. POTASSIC FERTILIZER CONSUMPTION IN METRIC TON, MEXICO, 2017 - 2030
  1. Figure 146:  
  2. POTASSIC FERTILIZER CONSUMPTION IN USD, MEXICO, 2017 - 2030
  1. Figure 147:  
  2. POTASSIC FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, MEXICO, 2023 VS 2030
  1. Figure 148:  
  2. POTASSIC FERTILIZER CONSUMPTION IN METRIC TON, UNITED STATES, 2017 - 2030
  1. Figure 149:  
  2. POTASSIC FERTILIZER CONSUMPTION IN USD, UNITED STATES, 2017 - 2030
  1. Figure 150:  
  2. POTASSIC FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, UNITED STATES, 2023 VS 2030
  1. Figure 151:  
  2. POTASSIC FERTILIZER CONSUMPTION IN METRIC TON, REST OF NORTH AMERICA, 2017 - 2030
  1. Figure 152:  
  2. POTASSIC FERTILIZER CONSUMPTION IN USD, REST OF NORTH AMERICA, 2017 - 2030
  1. Figure 153:  
  2. POTASSIC FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, REST OF NORTH AMERICA, 2023 VS 2030
  1. Figure 154:  
  2. POTASSIC FERTILIZER CONSUMPTION BY COUNTRY IN METRIC TON, SOUTH AMERICA, 2017 - 2030
  1. Figure 155:  
  2. POTASSIC FERTILIZER CONSUMPTION BY COUNTRY IN USD, SOUTH AMERICA, 2017 - 2030
  1. Figure 156:  
  2. POTASSIC FERTILIZER CONSUMPTION VOLUME BY COUNTRY IN %, SOUTH AMERICA, 2017 VS 2023 VS 2030
  1. Figure 157:  
  2. POTASSIC FERTILIZER CONSUMPTION VALUE BY COUNTRY IN %, SOUTH AMERICA, 2017 VS 2023 VS 2030
  1. Figure 158:  
  2. POTASSIC FERTILIZER CONSUMPTION IN METRIC TON, ARGENTINA, 2017 - 2030
  1. Figure 159:  
  2. POTASSIC FERTILIZER CONSUMPTION IN USD, ARGENTINA, 2017 - 2030
  1. Figure 160:  
  2. POTASSIC FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ARGENTINA, 2023 VS 2030
  1. Figure 161:  
  2. POTASSIC FERTILIZER CONSUMPTION IN METRIC TON, BRAZIL, 2017 - 2030
  1. Figure 162:  
  2. POTASSIC FERTILIZER CONSUMPTION IN USD, BRAZIL, 2017 - 2030
  1. Figure 163:  
  2. POTASSIC FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, BRAZIL, 2023 VS 2030
  1. Figure 164:  
  2. POTASSIC FERTILIZER CONSUMPTION IN METRIC TON, REST OF SOUTH AMERICA, 2017 - 2030
  1. Figure 165:  
  2. POTASSIC FERTILIZER CONSUMPTION IN USD, REST OF SOUTH AMERICA, 2017 - 2030
  1. Figure 166:  
  2. POTASSIC FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, REST OF SOUTH AMERICA, 2023 VS 2030
  1. Figure 167:  
  2. MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, GLOBAL, 2017 - 2030
  1. Figure 168:  
  2. GLOBAL POTASH FERTILIZER MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
  1. Figure 169:  
  2. MARKET SHARE OF MAJOR PLAYERS IN %, GLOBAL, 2022

Potash Fertilizer Industry Segmentation

Straight are covered as segments by Type. Fertigation, Foliar, Soil are covered as segments by Application Mode. Field Crops, Horticultural Crops, Turf & Ornamental are covered as segments by Crop Type. Asia-Pacific, Europe, Middle East & Africa, North America, South America are covered as segments by Region.

  • Muriate of potash (MoP), a potassic fertilizer boasting the highest potash content at 60.0%, commanded a global market valuation of USD 22.44 billion in 2022. Concurrently, its consumption reached 37.3 million metric tons, representing a dominant 86.5% of the global potassium fertilizer consumption.
  • Sulphate of potash (SoP), with a potassium content of 50.0%, emerged as the second most favored potassium fertilizer worldwide. The global SoP fertilizer market, in 2022, was valued at USD 2.41 billion, with a consumption volume of 2.8 million metric tons.
  • South America, with a 28.6% market share in 2022, stands as the second-largest potassic fertilizer market, trailing the Asia-Pacific's 30.0% share. This is primarily due to South American countries, notably Brazil, boasting significant potassic fertilizer production, coupled with a robust demand from their crops.
  • Other notable potassic fertilizers, such as langbeinite and carnallite, collectively account for 4.1% of the global potassic fertilizer consumption. In 2022, this segment was valued at USD 1.06 billion, with a consumption volume of 1.7 million metric tons.
  • The price of SoP consistently surpasses that of MoP and other potassic fertilizers. For instance, since 2017, the price of SoP has nearly doubled that of MoP, and by 2021, it had more than doubled. Despite its superior quality, the higher price of SoP has limited its market share compared to MoP.
  • The potassic fertilizer market is poised for growth during 2023-2030, driven by factors like the escalating demand for enhanced crop productivity.
Type Straight Potassic MoP
SoP
Others
Application Mode Fertigation
Foliar
Soil
Crop Type Field Crops
Horticultural Crops
Turf & Ornamental
Region Asia-Pacific Australia
Bangladesh
China
India
Indonesia
Japan
Pakistan
Philippines
Thailand
Vietnam
Rest of Asia-Pacific
Region Europe France
Germany
Italy
Netherlands
Russia
Spain
Ukraine
United Kingdom
Rest of Europe
Region Middle East & Africa Nigeria
Saudi Arabia
South Africa
Turkey
Rest of Middle East & Africa
Region North America Canada
Mexico
United States
Rest of North America
Region South America Argentina
Brazil
Rest of South America
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Market Definition

  • MARKET ESTIMATION LEVEL - Market Estimations for various types of fertilizers has been done at the product-level and not at the nutrient-level.
  • NUTRIENT TYPES COVERED - All Potassic Fertilizers
  • AVERAGE NUTRIENT APPLICATION RATE - This refers to the average volume of nutrient consumed per hectare of farmland in each country.
  • CROP TYPES COVERED - Field Crops: Cereals, Pulses, Oilseeds, and Fiber Crops Horticulture: Fruits, Vegetables, Plantation Crops and Spices, Turf Grass and Ornamentals
Keyword Definition
Fertilizer Chemical substance applied to crops to ensure nutritional requirements, available in various forms such as granules, powders, liquid, water soluble, etc.
Specialty Fertilizer Used for enhanced efficiency and nutrient availability applied through soil, foliar, and fertigation. Includes CRF, SRF, liquid fertilizer, and water soluble fertilizers.
Controlled-Release Fertilizers (CRF) Coated with materials such as polymer, polymer-sulfur, and other materials such as resins to ensure nutrient availability to the crop for its entire life cycle.
Slow-Release Fertilizers (SRF) Coated with materials such as sulfur, neem, etc., to ensure nutrient availability to the crop for a longer period.
Foliar Fertilizers Consist of both liquid and water soluble fertilizers applied through foliar application.
Water-Soluble Fertilizers Available in various forms including liquid, powder, etc., used in foliar and fertigation mode of fertilizer application.
Fertigation Fertilizers applied through different irrigation systems such as drip irrigation, micro irrigation, sprinkler irrigation, etc.
Anhydrous Ammonia Used as fertilizer, directly injected into the soil, available in gaseous liquid form.
Single Super Phosphate (SSP) Phosphorus fertilizer containing only phosphorus which has lesser than or equal to 35%.
Triple Super Phosphate (TSP) Phosphorus fertilizer containing only phosphorus greater than 35%.
Enhanced Efficiency Fertilizers Fertilizers coated or treated with additional layers of various ingredients to make it more efficient compared to other fertilizers.
Conventional Fertilizer Fertilizers applied to crops through traditional methods including broadcasting, row placement, ploughing soil placement, etc.
Chelated Micronutrients Micronutrient fertilizers coated with chelating agents such as EDTA, EDDHA, DTPA, HEDTA, etc.
Liquid Fertilizers Available in liquid form, majorly used for application of fertilizers to crops through foliar and fertigation.
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Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: IDENTIFY KEY VARIABLES: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period for each country.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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Potash Fertilizer Market Research FAQs

The Global Potash Fertilizer Market size is expected to reach USD 20.35 billion in 2024 and grow at a CAGR of 5.74% to reach USD 28.45 billion by 2030.

In 2024, the Global Potash Fertilizer Market size is expected to reach USD 20.35 billion.

EuroChem Group, K+S Aktiengesellschaft, Nutrien Ltd., Sinofert Holdings Limited and The Mosaic Company are the major companies operating in the Global Potash Fertilizer Market.

In the Global Potash Fertilizer Market, the MoP segment accounts for the largest share by product.

In 2024, Asia-Pacific accounts for the largest share by region in the Global Potash Fertilizer Market.

In 2023, the Global Potash Fertilizer Market size was estimated at 20.35 billion. The report covers the Global Potash Fertilizer Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Potash Fertilizer Market size for years: 2024, 2025, 2026, 2027, 2028, 2029 and 2030.

Potash Fertilizer Industry Report

Statistics for the 2023 Potash Fertilizer market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Potash Fertilizer analysis includes a market forecast outlook to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Potash Fertilizer Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030