October 30, 2020

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Analysis on the Recovery of Potassium Chloride Market from COVID-19 | Increasing Demand From Fertilizer Industry to Boost Growth  | Technavio

LONDON--(BUSINESS WIRE)--#GlobalPotassiumChlorideMarket--The potassium chloride market is expected to grow by 11 million MT during 2020-2024, expanding at a CAGR of almost 3%. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. We expect the impact to be significant in the first quarter but gradually lessen in subsequent quarters – with a limited impact on the full-year economic growth. For Right Perspective & Competitive Insights on the Potassium Chloride Market - Request a Free Sample Report with COVID-19 Impact Potassium Chloride Market: Increasing demand from fertilizer industry to drive growth The land available for cultivation has decreased steadily over the past few decades due to urbanization and increasing construction activities. For instance, globally the total available arable land in 2018 was about 46% lesser when compared with 1961. Besides, the rise in per capita income in developing countries such as China, India, and Brazil has increased the demand for food and beverages. In addition, the global population is anticipated to reach 9.7 billion by 2020. These factors have led to a surge in the use of fertilizers such as potassium chloride to increase crop yield. This is one of the key factors driving the growth of the global potassium chloride market. Is there any relief during this COVID-19 pandemic? Click to know As per Technavio, the high demand from APAC will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024. Potassium Chloride Market: High Demand from APAC The consumption of fertilizers in Asia is more than 50% of the total global consumption. Countries such as China and India are exhibiting higher demand for potassium chlorides owing to the growing population, rise in per capita income, and the growth of various end-user industries. Besides, in 2018, Asia accounted for about 19% of the total global agriculture and food exports. In addition, many governments across APAC are offering subsidies and incentives to encourage agriculture and increase the production of food. All these factors are contributing to the growth of the global potassium chloride market. “Demand for feedstock in biofuels and the increasing use of potassium chloride in de-icing applications will further boost market growth during the forecast period”, says a senior analyst at Technavio. Register for a free trial today and gain instant access to 17,000+ market research reports Technavio's SUBSCRIPTION platform Potassium Chloride Market: Segmentation Analysis This market research report segments the potassium chloride market by Application (Fertilizer, Industrial, Pharmaceutical, and Others) and Geography (APAC, North America, South America, Europe, and MEA). The APAC region led the potassium chloride market in 2019, followed by North America, South America, Europe, and MEA respectively. During the forecast period, APAC is expected to register the highest incremental growth due to rapid industrialization and urbanization in the region. Are you a start-up willing to make it big in the business? Grab an exclusive Report Some of the key topics covered in the report include: Market Drivers Market Challenges Market Trends Vendor Landscape Vendors covered Vendor classification Market positioning of vendors Competitive scenario About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.comWebsite: www.technavio.com/

LONDON–(BUSINESS WIRE)–#GlobalPotassiumChlorideMarket–The potassium chloride market is expected to grow by 11 million MT during 2020-2024, expanding at a CAGR of almost 3%. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. We expect the impact to be significant in the first quarter but gradually lessen in subsequent quarters – with a limited impact on the full-year economic growth.


For Right Perspective & Competitive Insights on the Potassium Chloride Market – Request a Free Sample Report with COVID-19 Impact

Potassium Chloride Market: Increasing demand from fertilizer industry to drive growth

The land available for cultivation has decreased steadily over the past few decades due to urbanization and increasing construction activities. For instance, globally the total available arable land in 2018 was about 46% lesser when compared with 1961. Besides, the rise in per capita income in developing countries such as China, India, and Brazil has increased the demand for food and beverages. In addition, the global population is anticipated to reach 9.7 billion by 2020. These factors have led to a surge in the use of fertilizers such as potassium chloride to increase crop yield. This is one of the key factors driving the growth of the global potassium chloride market.

Is there any relief during this COVID-19 pandemic? Click to know

As per Technavio, the high demand from APAC will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.

Potassium Chloride Market: High Demand from APAC

The consumption of fertilizers in Asia is more than 50% of the total global consumption. Countries such as China and India are exhibiting higher demand for potassium chlorides owing to the growing population, rise in per capita income, and the growth of various end-user industries. Besides, in 2018, Asia accounted for about 19% of the total global agriculture and food exports. In addition, many governments across APAC are offering subsidies and incentives to encourage agriculture and increase the production of food. All these factors are contributing to the growth of the global potassium chloride market.

“Demand for feedstock in biofuels and the increasing use of potassium chloride in de-icing applications will further boost market growth during the forecast period”, says a senior analyst at Technavio.

Register for a free trial today and gain instant access to 17,000+ market research reports

Technavio's SUBSCRIPTION platform

Potassium Chloride Market: Segmentation Analysis

This market research report segments the potassium chloride market by Application (Fertilizer, Industrial, Pharmaceutical, and Others) and Geography (APAC, North America, South America, Europe, and MEA).

The APAC region led the potassium chloride market in 2019, followed by North America, South America, Europe, and MEA respectively. During the forecast period, APAC is expected to register the highest incremental growth due to rapid industrialization and urbanization in the region.

Are you a start-up willing to make it big in the business? Grab an exclusive Report

Some of the key topics covered in the report include:

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: media@technavio.com
Website: www.technavio.com/

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