Global Potash Fertilizers Market Size & Outlook, 2022-2030
Global potash fertilizers market, 2018-2030 (US$M)
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Global potash fertilizers market highlights
- The global potash fertilizers market generated a revenue of USD 17,271.7 million in 2022 and is expected to reach USD 24,966.0 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 4.7% by 2030.
- In terms of segment, muriate of potash (mop) accounted for a revenue of USD 16,307.7 million in 2022.
- Sulfate of Potash (SOP) is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Latin America was the largest revenue generating market in 2022.
- Country-wise, Australia is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 17,271.7 million |
| Market revenue in 2030 | USD 24,966.0 million |
| Growth rate | 4.7% (CAGR from 2022 to 2030) |
| Largest segment | Muriate of potash (mop) |
| Fastest growing segment | Sulfate of Potash (SOP) |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Muriate of Potash (MOP), Sulfate of Potash (SOP) |
Other key industry trends
- In terms of revenue, the North America accounted for 20.1% of the global potash fertilizers market in 2022.
- By country, the Brazil is projected to lead the global market in terms of revenue in 2030.
- By country, Australia is the fastest growing regional market and is projected to reach USD 329.6 million by 2030.
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Potash Fertilizers Market Scope
Potash Fertilizers Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global potash fertilizers market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to potash fertilizers market will help companies and investors design strategic landscapes.
Muriate of potash (mop) was the largest segment with a revenue share of 94.42% in 2022. Horizon Databook has segmented the Global potash fertilizers market based on muriate of potash (mop), sulfate of potash (sop) covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Potash Fertilizers Product Outlook (Revenue, USD Million, 2018-2030)
- Urea
- Methylene Urea
- Ammonium Nitrate
- Ammonium Sulfate
- Ammonia
- Calcium Ammonium Nitrate
- Others
- Monoammonium Phosphate (MAP)
- Diammonium Phosphate (DAP)
- Single Superphosphate (SSP)
- Triple Superphosphate (TSP)
- Muriate of Potash (MOP)
- Sulfate of Potash (SOP)
- Global Potash Fertilizers Application Outlook (Revenue, USD Million, 2018-2030)
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
- Others
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Our clientele includes a mix of potash fertilizers market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global potash fertilizers market , including forecasts for subscribers. This global databook contains high-level insights into Global potash fertilizers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global potash fertilizers market size, by region, 2018-2030 (US$M)
Top 10 countries: Potash fertilizers market size, 2022 (US$M)
Global potash fertilizers market share, by product, 2022 & 2030 (%, US$M)
Potash fertilizers market: Opportunity assessment by country
Global potash fertilizers market, by region, 2022 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latin America | 2,505.7 | 2,669.0 | 2,158.1 | 3,217.7 | 7,370.7 | 7,717.4 | 8,081.2 | 8,463.0 | 8,863.6 | 9,284.1 | 9,725.6 | 10,189.0 | 10,675.5 | 4.8% |
| Europe | 829.6 | 823.0 | 829.4 | 825.8 | 1,556.4 | 1,627.5 | 1,701.9 | 1,779.6 | 1,860.8 | 1,945.7 | 2,034.4 | 2,127.1 | 2,224.1 | 4.5% |
| North America | 1,343.6 | 1,520.1 | 1,253.9 | 1,922.6 | 3,465.8 | 3,631.6 | 3,805.8 | 3,988.9 | 4,181.4 | 4,383.8 | 4,596.6 | 4,820.4 | 5,055.8 | 4.9% |
| MEA | 211.0 | 231.7 | 244.3 | 290.9 | 683.4 | 715.8 | 749.9 | 785.6 | 823.1 | 862.5 | 903.9 | 947.3 | 993.0 | 4.7% |
| Asia Pacific | 1,985.5 | 1,887.0 | 1,933.5 | 2,225.1 | 4,195.4 | 4,392.4 | 4,597.5 | 4,811.1 | 5,033.6 | 5,265.0 | 5,506.0 | 5,756.8 | 6,017.7 | 4.9% |
| Overall | 6,875.4 | 7,130.9 | 6,419.1 | 8,482.1 | 17,271.7 | 18,084.7 | 18,936.2 | 19,828.2 | 20,762.5 | 21,741.2 | 22,766.5 | 23,840.6 | 24,966.0 | 4.7% |
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