The Potassium Sulphate Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Potassium Sulphate Global Market Report 2024, The potassium sulphate market size has grown strongly in recent years. It will grow from $5.06 billion in 2023 to $5.5 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to agricultural demand, global population growth, shift in crop patterns, environmental regulations.
The potassium sulphate market size is expected to see strong growth in the next few years. It will grow to $7.89 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to continued agricultural expansion, increasing awareness of soil health, demand for high-quality crops, global economic development, water scarcity concerns. Major trends in the forecast period include focus on sustainable agriculture, technological advancements in production, challenges in raw material supply, regulatory landscape, market consolidation and strategic alliances.
An increase in demand for food crops is boosting the demand for the potassium sulphate market. Potassium sulphates are used in various applications in the agricultural industry, including the application of potassium sulfate for optimal growth as the soil accumulates chloride from the irrigation water. Potassium sulphate is becoming more popular in the agricultural sector due to the low presence of chloride can be harmful to the crops. According to the Agriculture Ministry of India, the production of food grains in the country was estimated at a record 314.51 million tons, which was higher by 23.80 million tons than the average grain production during the preceding five years. Furthermore, according to the Food and Agriculture Organization (FAO), global crop production is expected to increase by almost 15% by 2029. Thus, increasing agricultural production will require more potassium sulphates, driving the market during the forecast period.
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The potassium sulphate market covered in this report is segmented –
1) By Form: Solid, Liquid
2) By Grade: Food, Agricultural, Technical, Pharmaceutical
3) By Process: Mannheim Process, Sulphate Salts Reaction, Brine Processing, Other Processes
4) By End-Use Industry: Agriculture, Industrial, Pharmaceuticals, Cosmetics, Food and Beverages
Major companies operating in the potassium sulphate market are focused on adopting strategic partnerships to gain a competitive edge in the market. Strategic partnership refers to a mutually beneficial collaboration between two or more independent entities who work together to achieve shared goals aligned with their individual strategic objectives. For instance, in October 2021, Van Iperen International, a Dutch-based company that produces specialty fertilizers and biostimulants, partnered with Cinis Fertilizer, a Sweden-based green tech company. With this partnership, Van Iperen International aims to innovate in the agricultural sector with new technologies and to produce and market sustainable and circular, high-quality potassium sulfate fertilizer.
The potassium sulphate market report table of contents includes:
1. Executive Summary
2.Potassium Sulphate Market Characteristics
3.Potassium Sulphate Market Trends And Strategies
4Potassium Sulphate. Market analysis
5.Potassium Sulphate Market Size And Growth
6.Potassium Sulphate Segmentation
7.Potassium Sulphate Regional And Country Analysis
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27.Potassium Sulphate Competitive Landscape And Company Profiles
28.Potassium Sulphate Key Mergers And Acquisitions
29.Potassium Sulphate Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- BASF SE
- Yara International ASA
- Evonik Industries AG
- Sociedad Química y Minera SA
- EuroChem Group AG,
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This white glasslike salt is dissolvable in water, and has wide applications in the medication field.
Among other things, potassium sulfate is typically used as manure for fragile crops in the agribusiness business, including blooms, fruits, and vegetables, tobacco, turf, and ornamentals.
It is also a source of potassium sans nitrogen, as it is thought to be difficult to improve yields by providing nitrogen.
Increasing interest in food has resulted in successful advancement of the agricultural industry, which in turn stimulates interest in excrement as a means to give nature a green edge.
Creating the use of potassium sulfate as a feedstock for securing macronutrients, trimmings, activators, and supplement salt across various organizations is fueling the advancement of the potassium sulfate market.
The potassium sulfate things offered by the producers are following the most recent thing of uses of the things, for instance, in strength manures, lubes for wire drawing, formation of insulin, and extraction of significant metals, for instance, biobleaching.
The Global Potassium Sulphate Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the COVID-19 Impact and Recovery on this industry.Browse the complete Global Potassium Sulphate Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 @ https://www.decisiondatabases.com/ip/1596-potassium-sulphate-market-reportThe report also covers the complete competitive landscape of the global Potassium Sulphate market with company profiles of key players such as: Compass Minerals(US)K+S Group(DE)SQM(CL)Tessenderlo Group(BE)Rusal(RU)Sesoda(TW)Qing Shang Chemical(CN)Migao Group(CN)The detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By TypeAgriculture GradeIndustrial GradeOtherBy ApplicationTree NutsVegetablesFruitTobaccoOtherBy Geography:North America (NA) – US, Canada, and MexicoEurope (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of EuropeAsia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APACLatin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin AmericaMiddle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South AfricaDownload Free Sample Report of Global Potassium Sulphate Market @ https://www.decisiondatabases.com/contact/download-sample-1596The Global Potassium Sulphate Market has been exhibited in detail in the following chapters –Chapter 1 Potassium Sulphate Market PrefaceChapter 2 Executive SummaryChapter 3 Potassium Sulphate Industry AnalysisChapter 4 Potassium Sulphate Market Value Chain AnalysisChapter 5 Potassium Sulphate Market Analysis By TypeChapter 6 Potassium Sulphate Market Analysis By ApplicationChapter 7 Potassium Sulphate Market Analysis By GeographyChapter 8 Competitive Landscape Of Potassium Sulphate CompaniesChapter 9 Company Profiles Of Potassium Sulphate IndustryPurchase the complete Global Potassium Sulphate Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-1596Other Reports by DecisionDatabases.com:Global Potassium Nitrate Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Potassium Sorbate (CAS 24634-61-5) Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027Global Potassium Chloride Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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