Dublin, Jan. 31, 2024 (GLOBE NEWSWIRE) -- The "Liquid Potassium Fertilizers Global Market Report 2024" has been added to ResearchAndMarkets.com's offering.
Asia-Pacific Leads in a Burgeoning Liquid Potassium Fertilizers Industry, with Innovative Agrochemical Developments Marking Future Growth
The latest industry analysis reveals that the global liquid potassium fertilizers market is poised for substantial growth, with a projected compound annual growth rate (CAGR) of 5.0% from 2024 to 2028. This expansion sees the market climbing from a value of $1.91 billion in 2024 to an estimated $2.33 billion by 2028. Growth is anchored in the integration of precision agriculture and innovative fertilizer technologies, alongside a marked focus on sustainable farming practices.
Key drivers in this industry revolve around the escalating demand for high-value crops and the global intensification of agriculture, designed to cater to the ever-growing population. The utilization of water-soluble and foliar-applied liquid potassium fertilizers is a crucial trend, enhancing nutrient uptake efficiency and contributing significantly to the market's robust growth.
Insights from Significant Industry Movements
- Strategic investments and partnerships between major industry players are fostering innovation, as seen with recent product advancements like nano-bubble-infused fertilizers, which promise increased crop yields and improved nutrient delivery systems.
- Acquisitions by leading market contributors are shaping the competitive landscape, with significant transactions such as the recent ICL Group Ltd. acquisition broadening offerings in specialized plant nutrition and expediting growth in key sectors.
Amidst technological advancements, Asia-Pacific continues to dominate the liquid potassium fertilizers market as the largest regional contributor. The region's growth is propelled by significant agricultural developments and a surge in demand for enhanced agrochemicals.
The market research encompasses a detailed segmentation, covering a variety of nutrient types such as sulfate of potash, potassium acetate, and potassium nitrate, each integral to the nuanced needs of diverse crops like cereals, fruits and vegetables, and oilseeds. Application methods ranging from soil and foliar applications to fertigation are also thoroughly examined.
This comprehensive industry report assesses current market shares, size, and expected trends, offering a granular perspective on future market scenarios. The study serves as a crucial tool for stakeholders and decision-makers in the agricultural sector, providing insights that span across global and regional landscapes.
The findings underscore the essential nature of liquid potassium fertilizers in contemporary and future agricultural practices, opening up avenues for sustainable growth and increased productivity in the sector.
For those operating within the agriculture industry or closely monitoring agrochemical developments, this report offers a wealth of knowledge, capturing the dynamic essence of the liquid potassium fertilizers market.
Companies Profiled:
- Yara International Asa
- Agro Liquid
- Nufarm Ltd.
- Nutrien Ltd.
- EuroChem Group AG
- Sociedad Química y Minera de Chile
- The Mosaic Company
- Israel Chemical Ltd.
- Foxfarm Soil And Fertilizer Co.
- Kugler Company
- K+S Aktiengesellschaft
- Valagro S.p.A
- Compo Expert GmbH
- Adama Agricultural Solutions
- BASF SE
- CF Industries Holdings Inc.
- Agrium Inc.
- Haifa Group
- Helm AG
- Sinofert Holdings Limited
- Van Iperen International
- Plant Food Company Inc.
- Miller Chemical & Fertilizer
- Nachurs Alpine Solutions
- Agro Bio Chemicals
- Agzon Agro
- Plant Fuel Nutrients
- Nutri-Tech Solutions
- Valagro SPA
- Uralchem Holding
For more information about this report visit https://www.researchandmarkets.com/r/33vx5c
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