Published Date : May 08, 2017
ALBANY, New York, May 8, 2017 - MarketResearchReports.biz has announced the addition of a new report, titled, “Global Potash Market: Industry Analysis & Outlook (2017-2021),” to its offering. The in-depth study on the global potash market provides comprehensive insights into the current drivers and restraints, production processes, market shares and sizes of various segments, prominent trends and emerging opportunities, and competitive dynamics in major regions. The research report analyzes the factors affecting the demand for potash across key application areas.
The research reports highlights the pricing strategies adopted by leading suppliers of potash in developed markets. The study takes a closer look at the investments by top players in new mining activities and evaluates their warehouse building initiatives.. The research report also assesses the key strategies adopted by prominent fertilizer companies to boost their earnings.
Rapidly rising demand for food worldwide, the growing agriculture industry, and accelerating economic growth in developing and developed regions are the key factors driving the market. Soaring demand for biofuels and growing demand for palm oil and rice are expected to boost the global potash market. Spiraling agronomic need in emerging nations and a burgeoning palm oil industry in Asian countries are anticipated to catalyze growth in the potash market. In addition, advances made in the fertilizer industry across North America and continuous efforts by players to optimize fertilizer application in the agriculture sector are expected to fuel the demand for potash.
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Countering the growth in the market, on the other hand, is the falling prices of corn and wheat in some regions and the global potash glut which have brought down prices substantially, especially in developed markets. However, introduction of new potash projects and a number of warehouses built strategically across different advanced countries to facilitate distribution to farmers will likely help overcome the impediments and open up exciting opportunities for market players.
Lower retail prices of nutrients and reduced inventory levels in China will also bode well for potash manufacturers. Moreover, recent initiatives undertaken by leading players to consolidate their supply chains are likely to accentuate the potash market growth too. The emergence of favorable crop economics in Latin America is another factor likely to unlock abundant opportunities for several potash producers.
The major regional markets for potash are East Asia, Latin America, West Europe, and North America. Fertilizer is expected to present an attractive value proposition to harvesters across North America, thereby stimulating the demand for potash in various developed countries of the region. Leading potash producers are entering into contracts with buyers in emerging markets such as China and India to gain a competitive edge over others. Some of the key players vying for a sustained share in the potash market include the Potash Corporation of Saskatchewan, the Mosaic Company, Uralkali, and K+S AG.
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