Potash Fertilizers Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026
Fertilizers are used to maintain soil fertility and enhance crop yield. In addition to phosphorus and nitrogen, potassium is an important element responsible for plant growth. Lack of potassium lowers resistance of plants against several diseases and draught, bringing down the overall quality of the crops. These factors have led to an increase in the demand for potash fertilizers globally. Furthermore, there are three major grades of potash fertilizers available, which includes potassium chloride, potassium sulfate, and potassium nitrate among others. Request For Sample Copy of this Research Report : https://www.coherentmarketinsights.com/insight/request-sample/1398 Key factors increasing the demand for potash fertilizers include rising demand for increased crop productivity on limited landscape and the growing acceptance of potash fertilizers, owing to its high nutrient content. Potash fertilizers help to improve the flavor and color of fruits, and also has the ability to increase their size. Low chloride content in potassium chloride fertilizers helps in improving the yield by providing disease resistance to crops. Furthermore, the potassium sulfate fertilizers provide both sulfur and potassium in soluble form, and is the most preferred grade of potash fertilizers, where the irrigation water have high chloride content. Wide availability of various grades of potash fertilizers is another major factor that is boosting growth of the market. Potash Fertilizers Market Outlook Asia Pacific is expected to be the fastest-growing market, witnessing the highest CAGR during the forecast period. Major factors contributing to the growth of potash fertilizers market include rising awareness among the farmers regarding the efficient usage of their land for better crop yield by using fertilizers, and the steadily growing demand for food grains, owing to the rising population. For instance, according to the United Nations ESCAP (Economic and Social Commission for Asia and the Pacific), in 2014, the population of Asia Pacific was recorded as 4.3 Billion, which accounted for more than 60% of the world’s total population. Moreover, the growing demand for potash fertilizers in economies such as China, India, and Indonesia is another factor pushing the growth of this market in Asia Pacific.