A recently published market study by Future Market Insights (FMI) on the potassium sulphate market integrates the global industry analysis for 2014-2018 and market opportunity assessment for the forecast period of 2019-2029.

The market study divulges fundamental insights and provides an in-depth market analysis for the historical as well as forecast period. As per the market valuation in the report, the global potassium sulphate market is estimated to witness noteworthy growth due to growing demand from the agricultural sector.

The global potassium sulfate market was valued at ~US$ 4.0 Bn in 2018 and is anticipated to grow with ~5% CAGR throughout the forecast period of 2019-2029.

Consumption of fertilizers is directly related to agricultural production and indirectly to the increasing global population; the higher the population more will be the requirement for food. On the other side, the loss of crops due to unforeseen seasonal changes and calamities will further deepen the food supply on a global scale.

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Potassium Sulphate Market: Manufacturer Insights

According to the FMI analysis, the global potassium sulphate market is moderately consolidated with some of the global players holding prominent shares in the global potassium sulphate market.

The global potassium sulphate market report sheds light on a few of the prominent players in the global potassium sulphate market. Some key players operating in the market are SDIC Luobupo, K+S Kali GmbH, Tessenderlo Group, Ching Shiang Chemical Corporation, and Compass Minerals, among others.

Lucrative Growth Opportunities in Asia Pacific and Middle East & Africa

Developing regions, such as Asia Pacific, Middle East & Africa, and Latin America are slated to witness strong growth during the forecast period. Agriculture-based economies focus on boosting agricultural output, and countries with low percent of arable land to total land make the regions of the Asia Pacific and the Middle East & Africa prominent markets for potassium sulphate.

Countries in North Africa & Central Africa present a wide opportunity for the usage of potassium sulphate as a fertilizer to boost agricultural production and reduce dependability on food imports in the region.

In developed regions such as North America and Europe, potassium sulphate is gaining traction for its exceptional performance and less toxic effects, especially in dry conditions. Owing to the growing preference for high-value fertilizers, North America and Europe are expected to be potential markets for potassium sulphate.