Global Liquid Potassium Fertilizers Market, By Category (Organic, Synthetic), Crop Type (Cereals and Grains, Fruits and Vegetables, Oilseeds and Pulses, Others), Mode of Application (Soil, Foliar, Fertigation, Others) - Industry Trends and Forecast to 2030.
Liquid Potassium Fertilizers Market Analysis and Size
Liquid fertilisers are the most technologically advanced crop nutrients. Over the years, enhanced and improved food security factors have significantly impacted global demand for high-efficiency fertilisers. Along with market expansion, major liquid fertilizer players are competing not only on product quality and promotion, but also on expanding their reach into new regions. Soil potassium deficiency is a prevalent issue in many agricultural regions.
Data Bridge Market Research analyses that the global liquid potassium fertilizers market which was valued at USD 1.39 billion in 2022 is expected to reach the value of USD 1.94 billion by 2030, at a CAGR of 4.30% during the forecast period of 2023-2030. In 2023, organic segment will dominate the market as global trend toward organic farming practices driven by consumer demand for pesticide-free, non-GMO, and environmentally friendly products. Organic farming relies on organic fertilizers, including liquid potassium fertilizers, to meet these stringent standards. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Liquid Potassium Fertilizers Market Scope and Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2023 to 2030
|
|
Base Year
|
2022
|
|
Historic Years
|
2021 (Customizable to 2015-2020)
|
|
Quantitative Units
|
Revenue in USD Million, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Category (Organic, Synthetic), Crop Type (Cereals and Grains, Fruits and Vegetables, Oilseeds and Pulses, Others), Mode of Application (Soil, Foliar, Fertigation, Others)
|
|
Countries Covered
|
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
|
|
Market Players Covered
|
Bayer AG (Germany), BASF SE (Germany), Compass Minerals (U.S.), Syngenta Crop Protection AG (Switzerland), ADAMA (Israel), Sumitomo Chemicals Co. Ltd. (Japan), Nufarm (Australia), Nutrien, Ltd. (Canada), EuroChem Group (Switzerland), Yara (Norway), Sociedad Química y Minera de Chile (SQM) (Chile), The Mosaic Company (U.S.), Israel Chemical Ltd. (Israel), K+S Aktiengesellschaft (Germany)
|
|
Market Opportunities
|
|
Market Definition
Liquid potassium fertilizers are specially designed to provide plants with the nutrients they require during the early stages of growth. These fertilizers are commonly used when seeding or transplanting new plants and can aid in their development and overall health. While there are many different types of liquid potassium fertilizers on the market, they all have one goal in common: to help plants get off to a good start.
Global Liquid Potassium Fertilizers Market Dynamics
Drivers
- Growing Penetration of Commercial Farming
The global liquid potassium fertilizers market is anticipated to experience growth due to factors such as an increasing awareness among farmers about soil profiles and nutrient balance, the global expansion of commercial agriculture, cost-effective fertilizer production, and rising agrochemical demand. Moreover, there is a growing imperative to boost productivity and narrow the gap in fertilizer usage and yield levels among different countries.
- Soil Health and Long-Term Sustainability
Organic liquid potassium fertilizers, often sourced from natural minerals or organic matter, promote soil health by enhancing microbial activity and maintaining soil structure. They support long-term soil sustainability and reduce the risk of nutrient imbalances.
Opportunity
- Advancements in Organic Formulations
Ongoing research and development efforts are leading to innovations in organic liquid potassium fertilizer formulations. These new formulations offer improved nutrient release, plant availability, and efficacy, making them more attractive to organic farmers. Many agricultural companies and organizations have set sustainability goals, including reducing the environmental impact of farming. Organic liquid potassium fertilizers are seen as a more sustainable choice in achieving these goals.
Restraints/ Challenges
- High Production Costs
The Liquid potassium fertilizers can be more expensive to produce and transport compared to traditional dry or granular forms. This cost factor can deter some farmers from adopting these fertilizers, especially in regions with limited financial resources.
- Regulatory Compliance and Supply Chain Disruption
Meeting regulatory requirements and Compliance with regulations related to the handling, storage, and application of liquid fertilizers can be complex and costly for farmers and distributors. Stringent regulations may discourage their use. The bulkier nature of liquid fertilizers can pose transportation challenges, particularly in remote or geographically challenging areas. This can limit their availability to certain regions.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Liquid Potassium Fertilizers Market Scope
The global liquid potassium fertilizers market is segmented on the basis of category, crop type and mode of application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Category
- Organic
- Synthetic
Crop type
- Cereals and Grains
- Fruits and Vegetables
- Oilseeds and Pulses
- Others
Mode of Application
- Soil
- Fertigation
- Foliar
- Other Methods
Global Liquid Potassium Fertilizers Market Regional Analysis/Insights
Global liquid potassium fertilizers market is analysed and market size insights and trends are provided category, crop type and mode of application as referenced above.
The countries covered in the global liquid potassium fertilizers market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa
North America dominates the global liquid potassium fertilizers market due to the increasing expansion of numerous agriculture-based product manufacturing companies benefiting from improved R & D mechanisms and a better availability of technologically advanced agricultural machineries for cultivation of its vast arable lands in this region. Due to the region’s growing population and rising food consumption. Asia-Pacific is expected to be the fastest growing region in terms of the global liquid potassium fertilizers market.
The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Liquid Potassium Fertilizers Market Share Analysis
The global liquid potassium fertilizers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the global liquid potassium fertilizers market.
Some of the major players operating in the global liquid potassium fertilizers market are:
- Bayer AG (Germany)
- BASF SE (Germany)
- Compass Minerals (U.S.)
- Syngenta Crop Protection AG (Switzerland)
- ADAMA (Israel)
- Sumitomo Chemicals Co. Ltd. (Japan)
- Nufarm (Australia)
- Nutrien, Ltd. (Canada)
- EuroChem Group (Switzerland)
- Yara (Norway)
- Sociedad Química y Minera de Chile (SQM) (Chile)
- The Mosaic Company (U.S.)
- Israel Chemical Ltd. (Israel)
- K+S Aktiengesellschaft (Germany)
SKU-