New York, NY -- (SBWIRE) -- 09/30/2020 -- The global potash fertilizers market is expected to reach USD 31.81 Billion by 2027, according to a new report by Reports and Data. Growing demand for potash fertilizers for high crop yield is one of the significant factors influencing the market growth. Fertilizers allow farmers to increase their crop yield by boosting the productivity of the agricultural land, as well as can make an otherwise less productive land produce substantial yields. Fertilizers are formulated to support the yield of certain plants by allowing the plants to absorb the essential macro and micronutrient easily. 

The growing global population trend indicates an increasing demand for food, which is likely to increase in the range of 59.0% to 98.0% by 2050, and in turn, would drive the demand for potash for the production of fertilizers. Potash comprises of soluble potassium, which is a vital constituent in agricultural fertilizer. 

The report is further furnished with the latest market scenario pertaining to the global COVID-19 crisis. The pandemic has changed the market dynamics with disruption in the supply chain, changes in demands and trends, and economic scenario. The report analyses the initial and future impact of the COVID-19 pandemic on the growth of the market and offers insights into prospects and remuneration outlook in a post-COVID-19 scenario.

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The market is heavily consolidated owing to a large number of global, regional, and local key contenders having already established a significant footing. The key participants dominate the operations in the industry with their extensive geographical coverage and huge production facilities. Players operating in this market are in intense competition in terms of technological innovations, product development, and product pricing. To gain a competitive edge over the other competitors in the industry, the leading players are focusing more on ways to offer products at attractive prices.

Prominent players analyzed in the report are HELM AG and HELM Fertilizer Corp (North American subsidiary of HELM AG) as its Tugaske Project's offtake partner.

The report covers the profiles of the key contenders and offers an all-inclusive analysis of their business overview, market share, market size, production and manufacturing capacity, value chain analysis, and strategic initiatives such as mergers and acquisitions, collaborations, joint ventures, partnerships, and brand promotions and product launches among others. It also covers their sales channel and distribution network, along with import/export activities, market presence, product portfolio, and other key factors to offer a comprehensive overview of the competitive landscape.

Moreover, the report covers a thorough regional analysis to offer a better understanding of production and consumption patterns, supply and demand ratio, revenue contribution, market share and size, presence of prominent players, and import/export ratio.

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For the purpose of this report, Reports and Data have segmented the global potash fertilizers market on the basis of product type, mode of application, crop type, and region:

Product Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)

Potassium Chloride
Potassium Nitrate
Sulfate of Potash

Mode of Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)

Foliar
Broadcasting
Fertigation

Crop Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)

Cereals & Grains
Fruits & Vegetables
Oilseeds & Pulses
Others

 The key geographical regions analyzed in the report are:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Key Objectives of the Potash Fertilizers Market Report:

Analysis and forecast of the Global Potash Fertilizers Market by segmentation of the market.
Analysis of various macro and micro-economic factors influencing the growth of the market.
Extensive SWOT analysis and Porter's Five Forces analysis to offer a detailed view of the competitive landscape.
Insights into drivers, restraints, opportunities, limitations, threats, and challenges.
Analysis of the key players operating in the industry.
Strategic recommendations to the new entrants pertaining to entry-level barriers and to established players for formulating fruitful business plans.

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