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Global Potash Market 2019-2023 | Increasing Demand for Potassium Chloride to Boost Growth | Technavio

January 8, 2019

LONDON--(BUSINESS WIRE)--Jan 7, 2019-- analysts forecast the global potash market to grow at a CAGR of over 4% during the forecast period, according to their latest market research report.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190107006123/en/

Technavio has published a new market research report on the global potash market from 2019-2023. (Graphic: Business Wire)

The adoption of precision farming is one of the major trends being witnessed in the . 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. Therefore, the growing adoption of precision farming will have a positive influence on the global agricultural industry market during the forecast period.

This report is available at a USD 1,000 discount for a limited time only:

According to Technavio analysts, one of the key factors contributing to the growth of the global potash market is the increasing demand for potassium chloride:

Global potash market: Increasing demand for potassium chloride

The global potassium chloride market is growing at an unprecedented rate and is expected to reach 83.34 million tons by 2023. 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.

According to a senior analyst at Technavio, “The growing population in APAC and increase in the per capita income are driving the demand for food and agricultural products. Several APAC governments are coming up with subsidies and incentive schemes to increase the production of food products. These initiatives will play a pivotal role in the growth of the global potash market during the forecast period.”

Global potash market: Segmentation analysis

The global potash market research report provides market segmentation by end-user (fertilizers, and general industrial), by product (muriate of potash, sulfate of potash, and potassium nitrate, and others) and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

The APAC region held the largest share of the market in 2018, followed by the Americas and EMEA respectively. The APAC region will continue to dominate the market with the highest incremental growth during the forecast period.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focus 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.

If you are interested in more information, please contact our media team at .

View source version on businesswire.com:https://www.businesswire.com/news/home/20190107006123/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS NATURAL RESOURCES AGRICULTURE

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 01/07/2019 11:37 PM/DISC: 01/07/2019 11:37 PM

http://www.businesswire.com/news/home/20190107006123/en

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