Potash Fertilizers Market: Outlook for USD 28.00 Billion by 2030 with 4.56% CAGR
Potash fertilizers Market Forecast Potash fertilizers market is projected to reach USD 28.00 billion by 2030 at a CAGR of 4.56%. Potassium is essential for plant health and there must be a sufficient supply in the soil to maintain good crop growth. When the potassium supply is limited, soil yield is reduced with poor crop quality, inefficient utilization of water, and susceptibility to pest and disease damage increases. Therefore, potash fertilizers are necessary to be used in the soil with potassium deficiency. The most commonly used potash fertilizers include muriate of potash, potassium magnesium sulfate, sulfate of potash, potassium nitrate, and others. Potash fertilizers enhance the plant growth and productivity of potassium deficient soil. Increasing population and growing demand for food have led to the need for high agricultural productivity which is driving the growth of the potash fertilizers market . Moreover, increasing inclination towards fertilizers globally, is pr