Potassium Fertilizers to See Increased Use in Africa/Mideast Region According to The Freedonia Group

Global Potassium Fertilizer Demand to Grow 2.2% Annually Through 2022

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Apr 18, 2019, 10:49 ET

CLEVELAND, April 18, 2019 /PRNewswire/ -- Global demand for potassium fertilizers is forecast to increase 2.2% per year to 40 million metric tons (nutrient basis) in 2022. Demand for potassium fertilizers will be supported by their inclusion in sophisticated proprietary fertilizer blends, an improved supply around the world, and better farmer education on their benefits. In addition, favorable growth in the amount of land dedicated to corn cultivation will boost potassium demand, as corn has high potassium requirements. These and other trends are presented in Global Fertilizers, a new study from The Freedonia Group, a Cleveland-based industry research firm.

More information about this study is here: https://www.freedoniagroup.com/industry-study/global-fertilizers-3657.htm

Through 2022, the Africa/Mideast region will feature one of the fastest growth rates for potassium fertilizer. Historically, the use of potassium fertilizers has been relatively low in Africa due to natural resource restrictions. However, improved distribution networks and the increasingly global nature of the fertilizer industry will offer new opportunities for farmers in rural, under-served areas to purchase potassium fertilizers.

Global demand for fertilizers is expected to rise 1.4% per year to 212.1 million metric tons (nutrient basis) in 2022. Gains will result from efforts to increase crop yields as growth in the amount of cropland in use slows. The expanding use of specialized fertilizer blends that contain multiple nutrients and additives for specific crops in particular climates will also promote rising demand in otherwise mature markets.

Global Fertilizers (published 01/2019, 334 pages) is available for $6200 from The Freedonia Group. Please link citations to https://www.freedoniagroup.com/World-Fertilizers.html

About The Freedonia Group, a division of MarketResearch.com – The Freedonia Group is a leading international industrial research company publishing more than 100 studies annually. Since 1985, we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Additional Chemicals studies can be purchased at www.freedoniagroup.com, www.marketresearch.com and www.profound.com.

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SOURCE The Freedonia Group