Potash Fertilizers Market: Global Industry Trends, Share, Size, Growth, Opportunity And Forecast 2019-2027

 

Cereals and grains, fruits and vegetables, cereals, rice, wheat, and corn are the main consumers of potash fertilizers. Potash is a mineral that contains potassium and is used in agriculture to improve plant growth. Potassium is an essential mineral for human health. Potash is an inorganic compound that is commonly used as a fertilizer to increase plant water retention. Potash fertilizers, on the other hand, help to increase crop yield, improve taste, and help plants avoid disease. Potash is a naturally occurring component that is abundant in nature. It is stored in the soil as salt deposits and harvested. Potash fertilizers have a number of advantages, including the prevention of pest and other microbe infection of plants, as well as the ability to adapt to changing weather conditions.

COVID-19 scenario evaluation:

The COVID-19 outbreak has hampered many industrial activities in agriculture and its supply chain. Harvesting activities have been halted due to a lack of labor, particularly in northwest India, where wheat and pulses are being harvested. Wheat, vegetables, and other crops have seen lower prices, but consumers are often paying more.

The Indian pesticide industry is heavily reliant on Chinese companies for raw materials, and the COVID-19 outbreak could have a significant impact. The global Potash Fertilizers Market is being impacted by rising raw material input costs and a significant supply gap from China.

Farmers are facing a shortage of agricultural inputs such as seed, fertilizer, and pesticides as a result of global trade disruption. China is a major producer and exporter of the Potash Fertilizers Market in the world. The Chinese lockdown has had a significant impact on the international fertilizer trade.

Market scenario analysis, trends, drivers, and impact analysis are the top influencing factors.

 The Potash Fertilizers Market is expanding at a healthy rate, owing to an increase in demand for potash fertilisers for the production of fruits and vegetables by farmers, as well as an increase in demand for high efficacy fertilisers combined with the growing applicability of potash fertilisers. Potash fertilisers are primarily used to boost plant growth by providing essential nutrients. Furthermore, potash fertilisers aid in the overall improvement of plant eminence and extend its shelf life.

Key players

Israel Chemicals Ltd., EuroChem Group A.G., Agrium Inc., Uralkali PJSC, Yara International A.S.A., Migao Corporation, Sesoda Corporation, SQM S.A., Brazil Potash Corporation, and K+S KALI GmbH are among the major players in the global potash fertilisers market.