Global Potash Fertilizers Market to Reach $34.4 Billion by 2030
The global market for Potash Fertilizers estimated at US$26 Billion in the year 2023, is expected to reach US$34.4 Billion by 2030, growing at a CAGR of 4.1% over the analysis period 2023-2030. Potassium Chloride, one of the segments analyzed in the report, is expected to record a 4.3% CAGR and reach US$15.6 Billion by the end of the analysis period. Growth in the Sulfate of Potash segment is estimated at 4.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $7 Billion, While China is Forecast to Grow at 6.8% CAGR
The Potash Fertilizers market in the U.S. is estimated at US$7 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.1 Billion by the year 2030 trailing a CAGR of 6.8% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.1% and 3.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 2.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4.6 Billion by the year 2030.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook