Potash Fertilizers Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Potassium Chloride (KCL), Sulfate of Potash (SOP), Potassium Nitrate, Others), By Application (Broadcasting, Foliar, Fertigation), By Crop (Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Others), By Form (Liquid, Solid) and Region Forecast 2020-2031

Potash Fertilizers Market size was valued at US$ 22.7 billion in 2024 and is expected to reach US$ 33.6 billion by 2031, growing at a significant CAGR of 5.8% from 2025-2031. The global market provides a detailed overview of the market and that can be segmented by Type, Crop, Application, Form, and Region. By type, the market has been segmented into Potassium Chloride (KCL), Sulfate of Potash (SOP), Potassium Nitrate, and Others. The Potassium Chloride (KCL) segment is likely to be the largest and fastest-growing segment in terms of type. Based on application, the market is segmented into Broadcasting, Foliar, and Fertigation.  Among these, the broadcasting segment is expected to have the fastest-growing market during the forecast period. Based on crop, the market is segmented into Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, and Others. Cereals and Grains are expected to dominate the market in the future. Based on form, the market has been segmented into Liquid and solid. The liquid segment is expected to grow at the highest CAGR over the forecast years according to Precision Business Insights.  

Key Development:

• In March 2021, ICL Fertilizers acquired Compass Minerals América do Sul SA, a leading specialty plant nutrition business in Brazil. This acquisition will help the company strengthen its liquid potash fertilizer product portfolio, especially in South America.