London, 13 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the global potash market 2015-2019, which is expected to grow at a CAGR of 0.55% by revenue during the period of 2014-2019.
The growing demand for food products is a major factor that promotes growth in this market. Asia accounts for about 60% of the total demand for potash, and this is due to the rapidly expanding population in this region. Unavailability of arable land as a result of urbanization has resulted in the increased reliance on fertilizers, which in turn augments the demand for potash globally.
“Pressure from multilateral financial agencies such as the World Bank and the IMF will force many countries to restructure potash-based fertilizer subsidies and make some structural adjustments such as tweaking import duties and encouraging investments,” says Faisal Ghaus, Vice President of Technavio.
“All the trade liberalization measures will be beneficial to the industry in the long term, enabling free trade and competition. This implies an increased cross-border trade of potash and the entry of multinationals into the state-controlled markets, particularly in India and Brazil.”
Key Market Drivers:
- Growing Demand for Biofuels.
- Subsidies on Sales of Fertilizers in Developing Nations.
- Increase in Demand for Fertilizers and Food due to Rising Populations.
Key Market Trends:
- Increase in Cross-Border Investments and Joint Ventures.
- Liberalization and Gradual Phasing Out of Subsidy Schemes.
- Increase in Surplus Capacities across the World and Shift in Bargaining Power.
Key Market Vendors:
- Agrium
- Intrepid Potash
- ICL
- K+S
- PotashCorp
- Qinghai Salt Lake
- Uralkali
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges, and trends featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
