The potash market size has grown strongly in recent years. It will grow from $24.33 billion in 2024 to $25.81 billion in 2025 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to global agriculture demand, population growth, nutrient management, soil quality improvement, cyclical nature of agriculture.
The potash market size is expected to see steady growth in the next few years. It will grow to $31.12 billion in 2029 at a compound annual growth rate (CAGR) of 4.8%. The growth in the forecast period can be attributed to global food security concerns, technological agriculture adoption, biofuel production, changing dietary patterns, climate change adaptation. Major trends in the forecast period include bio-based potash solutions, digital agriculture integration, strategic alliances and mergers, government initiatives and subsidies, potash in water-soluble fertilizers.
The expansion of the potash market can be attributed to the growing demand for mining activities in North America. A report from Glacier Media Group in February 2023 indicated that mines in the United States produced non-fuel mineral products valued at approximately $98.2 billion in 2022, showing an increase of about $3.6 billion compared to the revised total of $94.6 billion in 2021.
The anticipated growth in the potash market is also driven by the rising demand for pesticides. The rising demand for pesticides is anticipated to drive the growth of the potash market in the coming years. Pesticides are chemical substances or mixtures formulated to control, repel, or eradicate pests. Potash (potassium compounds) plays a crucial role in fertilizer production, as it supports plant health, strengthens cell structure, aids in water absorption and regulation, boosts crop yields, enhances crop quality, and builds resistance to environmental stressors, including pest infestations. For example, in July 2024, the Food and Agriculture Organization (a specialized agency of the United Nations based in Italy) reported that pesticide usage in agriculture in the Americas increased by 10%, from 1.71 million metric tons (Mt) in 2021 to 1.89 Mt in 2022. Overall, total pesticide usage in agriculture reached 3.7 million metric tons of active ingredients in 2022, a 4% increase from 2021. Consequently, the rising demand for pesticides is fueling the growth of the potash market.
Potash solution mining techniques are being increasingly employed to enhance extraction efficiency and boost profitability. This method involves drilling injection and recovery wells into the ground, injecting a heated brine solution to dissolve potash salts, and then extracting the dissolved salts to the surface, where potash is separated and conditioned. This represents a significant trend in the potash market.
Leading companies in the potash market are establishing partnerships to create new products and bolster their market positions. Collaborations and partnerships within the potash industry encourage innovation, harness complementary expertise, and expedite the development and commercialization of advanced solutions by pooling resources and capabilities. For example, in April 2023, Uralkali, a Russia-based potash fertilizer producer, entered a long-term supply agreement with Indian Potash Limited (IPL), an India-based chemical company. This agreement aims to improve IPL's supply chain stability and meet the rising demand for potash in India's agricultural sector.
Major companies operating in the potash market include Vale SA, Nutrien Ltd., PotashCorp, The Mosaic Company, Sociedad Quimica y Minera de Chile S.A., Eurochem Group AG, ICL Israel Chemicals Ltd., K+S AG, Highfield Resources Ltd., Uralkali PJSC, Qinghai Salt Lake Potash Company Limited, Compass Minerals International Inc., Intrepid Potash (IPI) Inc., Gensource Potash Corporation, Karnalyte Resources Inc., Encanto Potash Corp, Michigan Potash & Salt Company LLC, Western Potash Corp., Petrokemija, BHP Group Limited, Asia-Potash International Investment (Guangzhou) Co. Ltd., Asia Pacific Potash Corporation, Passport Potash Inc., Potash Minerals Limited, SOPerior Fertilizer Corp, Potash West, Prospect Global Ltd., Crystal Peak Minerals Inc.
South America was the largest region in the potash market in 2024. The regions covered in the potash market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the potash market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
The potash market includes revenues earned by entities by providing mining services for potash mines such as Sylvite, Polyhalite, Langbeinite, and Carnallite. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
Potash is obtained through conventional and solution mining methods, and these processes are utilized for extracting potash.
The primary categories of potash are potash-agriculture and potash-industrial. Potash, specifically potassium chloride (KCl), serves predominantly as an agricultural fertilizer due to its efficacy as a soluble potassium source - one of the essential plant macronutrients, along with nitrogen and phosphorus. Its applications span various sectors, including grains and cereals, pulses and oilseeds, commercial crops, fruits and vegetables, as well as other diverse applications. Anthracite mining involves standard-grade anthracite, high-grade anthracite, and ultra-high-grade anthracite. Standard-grade anthracite is utilized for domestic fuel and in the generation of industrial power. The mining methods encompass underground mining and surface mining.
The potash market research report is one of a series of new reports that provides potash market statistics, including potash global industry, regional shares, competitors with a potash market share, detailed potash market segments, market trends and opportunities, and any further data you may need to thrive in the potash industry. This potash market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The potash market size is expected to see steady growth in the next few years. It will grow to $31.12 billion in 2029 at a compound annual growth rate (CAGR) of 4.8%. The growth in the forecast period can be attributed to global food security concerns, technological agriculture adoption, biofuel production, changing dietary patterns, climate change adaptation. Major trends in the forecast period include bio-based potash solutions, digital agriculture integration, strategic alliances and mergers, government initiatives and subsidies, potash in water-soluble fertilizers.
The expansion of the potash market can be attributed to the growing demand for mining activities in North America. A report from Glacier Media Group in February 2023 indicated that mines in the United States produced non-fuel mineral products valued at approximately $98.2 billion in 2022, showing an increase of about $3.6 billion compared to the revised total of $94.6 billion in 2021.
The anticipated growth in the potash market is also driven by the rising demand for pesticides. The rising demand for pesticides is anticipated to drive the growth of the potash market in the coming years. Pesticides are chemical substances or mixtures formulated to control, repel, or eradicate pests. Potash (potassium compounds) plays a crucial role in fertilizer production, as it supports plant health, strengthens cell structure, aids in water absorption and regulation, boosts crop yields, enhances crop quality, and builds resistance to environmental stressors, including pest infestations. For example, in July 2024, the Food and Agriculture Organization (a specialized agency of the United Nations based in Italy) reported that pesticide usage in agriculture in the Americas increased by 10%, from 1.71 million metric tons (Mt) in 2021 to 1.89 Mt in 2022. Overall, total pesticide usage in agriculture reached 3.7 million metric tons of active ingredients in 2022, a 4% increase from 2021. Consequently, the rising demand for pesticides is fueling the growth of the potash market.
Potash solution mining techniques are being increasingly employed to enhance extraction efficiency and boost profitability. This method involves drilling injection and recovery wells into the ground, injecting a heated brine solution to dissolve potash salts, and then extracting the dissolved salts to the surface, where potash is separated and conditioned. This represents a significant trend in the potash market.
Leading companies in the potash market are establishing partnerships to create new products and bolster their market positions. Collaborations and partnerships within the potash industry encourage innovation, harness complementary expertise, and expedite the development and commercialization of advanced solutions by pooling resources and capabilities. For example, in April 2023, Uralkali, a Russia-based potash fertilizer producer, entered a long-term supply agreement with Indian Potash Limited (IPL), an India-based chemical company. This agreement aims to improve IPL's supply chain stability and meet the rising demand for potash in India's agricultural sector.
Major companies operating in the potash market include Vale SA, Nutrien Ltd., PotashCorp, The Mosaic Company, Sociedad Quimica y Minera de Chile S.A., Eurochem Group AG, ICL Israel Chemicals Ltd., K+S AG, Highfield Resources Ltd., Uralkali PJSC, Qinghai Salt Lake Potash Company Limited, Compass Minerals International Inc., Intrepid Potash (IPI) Inc., Gensource Potash Corporation, Karnalyte Resources Inc., Encanto Potash Corp, Michigan Potash & Salt Company LLC, Western Potash Corp., Petrokemija, BHP Group Limited, Asia-Potash International Investment (Guangzhou) Co. Ltd., Asia Pacific Potash Corporation, Passport Potash Inc., Potash Minerals Limited, SOPerior Fertilizer Corp, Potash West, Prospect Global Ltd., Crystal Peak Minerals Inc.
South America was the largest region in the potash market in 2024. The regions covered in the potash market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the potash market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
The potash market includes revenues earned by entities by providing mining services for potash mines such as Sylvite, Polyhalite, Langbeinite, and Carnallite. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
Potash is obtained through conventional and solution mining methods, and these processes are utilized for extracting potash.
The primary categories of potash are potash-agriculture and potash-industrial. Potash, specifically potassium chloride (KCl), serves predominantly as an agricultural fertilizer due to its efficacy as a soluble potassium source - one of the essential plant macronutrients, along with nitrogen and phosphorus. Its applications span various sectors, including grains and cereals, pulses and oilseeds, commercial crops, fruits and vegetables, as well as other diverse applications. Anthracite mining involves standard-grade anthracite, high-grade anthracite, and ultra-high-grade anthracite. Standard-grade anthracite is utilized for domestic fuel and in the generation of industrial power. The mining methods encompass underground mining and surface mining.
The potash market research report is one of a series of new reports that provides potash market statistics, including potash global industry, regional shares, competitors with a potash market share, detailed potash market segments, market trends and opportunities, and any further data you may need to thrive in the potash industry. This potash market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Potash Market Characteristics3. Potash Market Trends and Strategies4. Potash Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics and Covid and Recovery on the Market68. Global Potash Market Competitive Benchmarking and Dashboard69. Key Mergers and Acquisitions in the Potash Market70. Recent Developments in the Potash Market
5. Global Potash Growth Analysis and Strategic Analysis Framework
6. Potash Market Segmentation
7. Potash Market Regional and Country Analysis
8. Asia-Pacific Potash Market
9. China Potash Market
10. India Potash Market
11. Japan Potash Market
12. Australia Potash Market
13. Indonesia Potash Market
14. South Korea Potash Market
15. Bangladesh Potash Market
16. Thailand Potash Market
17. Vietnam Potash Market
18. Malaysia Potash Market
19. Singapore Potash Market
20. Philippines Potash Market
21. Hong Kong Potash Market
22. New Zealand Potash Market
23. Western Europe Potash Market
24. UK Potash Market
25. Germany Potash Market
26. France Potash Market
27. Italy Potash Market
28. Spain Potash Market
29. Spain Potash Market
30. Austria Potash Market
31. Belgium Potash Market
32. Denmark Potash Market
33. Finland Potash Market
34. Ireland Potash Market
35. Netherlands Potash Market
36. Norway Potash Market
37. Portugal Potash Market
38. Sweden Potash Market
39. Switzerland Potash Market
40. Eastern Europe Potash Market
41. Russia Potash Market
42. Czech Republic Potash Market
43. Poland Potash Market
44. Romania Potash Market
45. Ukraine Potash Market
46. North America Potash Market
47. USA Potash Market
48. Canada Potash Market
50. South America Potash Market
51. Brazil Potash Market
52. Chile Potash Market
53. Argentina Potash Market
54. Colombia Potash Market
55. Peru Potash Market
56. Middle East Potash Market
57. Saudi Arabia Potash Market
58. Israel Potash Market
59. Iran Potash Market
60. Turkey Potash Market
61. United Arab Emirates Potash Market
62. Africa Potash Market
63. Egypt Potash Market
64. Nigeria Potash Market
65. South Africa Potash Market
66. Potash Market Competitive Landscape and Company Profiles
67. Potash Market Other Major and Innovative Companies
71. Potash Market High Potential Countries, Segments and Strategies
72. Appendix
Executive Summary
Potash Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on potash market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for potash? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The potash market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Potash-Agriculture; and Potash-Industrial2) By Mining Type: Underground Mining; Surface Mining
Subsegments:
1) By Potash-Agriculture: Muriate of Potash (MOP); Sulfate of Potash (SOP)2) By Potash-Industrial: Potash For Glass Production; Potash For Chemical Manufacturing; Potash For Food Processing; Potash For Pharmaceutical Applications
Key Companies Mentioned: Vale SA; Nutrien Ltd.; PotashCorp; the Mosaic Company; Sociedad Quimica y Minera de Chile S.A.
Countries: Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Vale SA
- Nutrien Ltd.
- PotashCorp
- The Mosaic Company
- Sociedad Quimica y Minera de Chile S.A.
- Eurochem Group AG
- ICL Israel Chemicals Ltd.
- K+S AG
- Highfield Resources Ltd.
- Uralkali PJSC
- Qinghai Salt Lake Potash Company Limited
- Compass Minerals International Inc.
- Intrepid Potash (IPI) Inc.
- Gensource Potash Corporation
- Karnalyte Resources Inc.
- Encanto Potash Corp
- Michigan Potash & Salt Company LLC
- Western Potash Corp.
- Petrokemija
- BHP Group Limited
- Asia-Potash International Investment (Guangzhou) Co. Ltd.
- Asia Pacific Potash Corporation
- Passport Potash Inc.
- Potash Minerals Limited
- SOPerior Fertilizer Corp
- Potash West
- Prospect Global Ltd.
- Crystal Peak Minerals Inc.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 250 |
Published | March 2025 |
Forecast Period | 2025 - 2029 |
Estimated Market Value ( USD | $ 25.81 Billion |
Forecasted Market Value ( USD | $ 31.12 Billion |
Compound Annual Growth Rate | 4.8% |
Regions Covered | Global |
No. of Companies Mentioned | 28 |