Potash Fertilizer Market Size, Share, Opportunities, And Trends By Type (Sulfate of Potash, Potassium Nitrate, Potash Chloride, Others), By Form (Liquid, Solid), By Crop Type (Cereals & Grains, Fruits & Vegetables, Seeds & Pulses, Others), And By Geography - Forecasts From 2025 To 2030

Potash Fertilizer Market Size:

The Potash Fertilizer Market is expected to grow from US$27.919 billion in 2025 to US$35.991 billion in 2030, at a CAGR of 5.21%.

Potash Fertilizer Market Highlights:

• Increasing agricultural output drives potash use, especially in developing regions with expanding farmlands.
• Potassium-rich fertilizers are critical for improving crop yields and soil nutrient management globally.
• Environmental concerns push for sustainable potash mining and application practices in 2025.
• Geopolitical factors and trade policies impact potash supply chains, particularly in key markets.
• Technological advancements in fertilizer production enhance efficiency, reducing costs for farmers.

Potash Fertilizer Market Trends:

The potash fertilizer market is experiencing steady growth, driven by increasing demand for high-efficiency fertilizers for enhancing crop yield to meet the growing global demand for food. As the agricultural market is facing intensifying pressure on productivity, as the world population is rising (reaching 9.8 billion by 2050), the demand for potash fertilizer is crucial, as this is essential for water retention, nutrient transfer, and protein synthesis in crops. Potassium chloride, potassium sulphate, potassium-magnesium sulfate, potassium thiosulfate, and potassium nitrate are key products sold in the market.

With the global population projected to surpass 9.8 billion by 2050, the demand for food is expected to increase higher than current levels. To meet this growing need, agricultural productivity must rise significantly, especially under the pressure of declining arable land and climate stress. The projections by FAO show that feeding the world population in 2050 would require raising overall food production by approximately 70% between 2005/07 and 2050. With 90% of future crop production expected to come from increased yields and cropping intensity, rather than land expansion, which is forecasted to grow by less than 5% globally, potash fertilizers are becoming indispensable in driving sustainable agricultural productivity. Developing countries will see around 120 million hectares (ha) of land gains, largely offset by a 50 million ha decline in developed regions, highlighting the need to intensify yields on existing farmland through nutrient-rich solutions like potash.

This global average highlights the critical role potash plays in maximizing yield, especially under pressure from depleting arable land and erratic weather conditions. Government subsidies, precision agriculture trends, and a growing emphasis on sustainable soil fertility also fuels the increasing adoption of potash.

The use of potash fertilizers improves the overall quality of the plant and extends its shelf life. The potash fertilizer industry strongly relies on farmers' understanding of the product, technical advances in the farming industry, and even financial availability. Because a growing variety of crops, such as agricultural products and horticulture crops, are fertilized with potash fertilizers, this factor acts as a market driver.

Furthermore, increased soil deficiency, ease of use, and consistent application, together with an increasing need for higher food crop output, are expected to boost the expansion of the potassium fertilizers market. Additionally, because precision horticulture is known to reduce supplement disasters by permitting variable-rate fertilizer administration, the market for this liquid potassium fertilizer is likely to expand soon.

The development of chlorine-free potash fertilizers such as sulfate of potash (SOP) in fertigation systems, on the other hand, is expected to boost the expansion of the potash fertilizers market. Moreover, the global demand for potash fertilizers is expected to rise due to increased food consumption, population growth, and the desire to live a nutritious and clean lifestyle. Potash fertilizers are used to boost crop development by delivering critical nutrients.

The global potash fertilizer market is dominated by major producers, including Nutrien Limited, Uralkali, Belaruskali, The Mosaic Company, K+S AG, EuroChem Group AG, and ICL Group Ltd., holding around 70 to 75% of the market share. 

Nutrien is the world’s largest producer of potash fertilizers with facilities such as Allan Potash, Cory Potash, Lanigan Potash, Patience Lake Potash, Rocanville Potash, and Vanscoy Potash in Canada. It has an annual capacity of 20 million tons of potash.

The Mosaic company forecasted potash production to rise to 8.7-9.1 million metric tonnes (t) in 2025, up from 8.7 million metric tonnes in 2024.

Arab Potash Company (APC) is the eighth largest potash producer worldwide by volume of production and the sole producer of potash in the Arab World. It produced 2.780 million tons of potash in 2023.

The potash fertilizer market is facing heightened volatility due to price fluctuations, geopolitical tensions, supply chain disruptions, and limited logistics stability. For example, the Russia-Ukraine war and sanctions on Belarus, two major potash producers, have disrupted global supply and tightened market conditions.

Potash Fertilizer Market Growth Drivers:

• The rise in the need for fertilizers due to the increased demand for crop yield will boost the market

The growing interest in high-performance fertilizers increased the application of potash fertilizers, and the inclusion of potash fertilizers aids in the overall enhancement of plant quality and shelf life, which are all essential aspects influencing the potash fertilizers market growth. The increasing need for strengthening nutrients to protect plants from harmful pathogens responsible for decreasing soil fertility and crop yield, as well as the growing demand for potash fertilizers to improve crop productivity with limited crop cultivation land area, are the major factors fostering the growth of the potash fertilizers market.

• The growing number of initiatives taken by companies is anticipated to surge the market

Due to the rise of initiatives taken by the companies, the market has expanded and gained momentum for the upcoming years. For instance, in March 2021, Compass Minerals América do Sul SA, a renowned specialty plant nutrition company in Brazil, was bought by ICL Fertilizers. This acquisition benefited the company's liquid potash fertilizer product line, particularly in South America.

Furthermore, during the same time, Saskatchewan Mining and Minerals Inc. began working on a USD 220 million expansion scheduled to be finished in late 2023. Each year, the plant enables the sodium sulfate plant to generate 150,000 tonnes of sulfate potash fertilizer or SOP. This is a novel product for the corporation, combining sodium sulfate with potash from Saskatchewan. Moreover, in August 2019, Migao Corporation, a Chinese potash fertilizer manufacturer, and Belaruskali JSC opened a new production plant in Soligorsk to produce chlorine-free potash fertilizers. The facility is intended to produce both potassium chloride and ammonium nitrate.

• Supportive government policies and subsidies

Supportive government policies and subsidies will continue to be a vital growth factor in the potash fertilizer market. There are notable improvements for 2024 and 2025 in both India and the USA. In India, the Nutrient Based Subsidy (NBS) scheme, targeted by the Ministry of Chemicals and Fertilisers, has experienced some significant updates. For Rabi 2024–25, Potash Derived from Molasses (PDM) was added to the NBS at a support rate of ?345 per tonne, while also encouraging local production and reducing reliance on imports.

For Kharif 2025, the Union Cabinet approved NBS subvention releases of ?37,216.15 crore for phosphatic and potassic fertilizers, which protects affordability. In addition, freight subsidies for Single Super Phosphate (SSP), as well as competitive rates for colourful grades of P&K, are included in support during the period of 1st April-30th September 2025.

Furthermore, India is also pursuing import diversification strategies through signed Memoranda of Understanding (MOUs) with major fertiliser exporters like Russia and Israel with the intent of creating better supply chains and also mitigating vulnerabilities and dependencies. Local entities like National Fertilizers Limited (NFL) are also increasing import efforts and tendering for maximum volume of Muriate of Potash (MOP), which represents the government's push to improve soil nutrition and food security. In the United States, the United States Department of Agriculture (USDA) has also acted to expand domestic fertilizer resilience.  

In May 2024, Secretary Vilsack made an intimately available advertisement of the allocation of $83 million via the Fertilizer Production Expansion Program (FPEP), including an unknown allocation of $80 million to Michigan Potash Company to make the large-scale potash installation in Osceola County, MI. This FPEP entitlement represents the first investment into domestic force chains, which reduces political threat factors associated with geopolitical dependences, and the FPEP is also still accepting operations through 2024, providing design aqueducts that primarily prioritize systems to ameliorate toxin vacuity for the sector through domestic product exertion.

In addition, further government action in the United States that's more specific to potash was the preface and blessing as of December 2024, of H.R. 8450, the Phosphate and Potash Protection Act. The House Natural Resources Committee, at the time, approved and presented the following document for consideration, called the letter of recommendation (LtrR); this document is primarily linked to an evaluation of potash as a critical mineral. However, if passed into Law, the Phosphate and Potash Protection Act would enable policy changes that support domestic mining for phosphate and potash in the US, and aid in advancing the permitting process. Overall, the recent government actions improved subsidies and domestic production incentives in India, as well as significant federal grants and geological mineral policy changes in the United States are helpful as a collective in reducing the cost barrier to, and keeping supply chains stable, while mitigating things like potash production insecurity through sustainable production and consumption. All of these actions were also substantiated through associated documentation and other legislative support, which helps to reaffirm and legitimize that governments, when taking actions such as these, are promoting and serve as a major catalyst for the market growth of potash fertilizer.

The global concentration in supply leads to triggering dependence by multiple countries on mostly imports. Such dependence exposes countries to risks associated with geopolitical instability, sanctions, and or export restrictions. In response to a clearer recognition of this vulnerability, various governments, like India's Nutrient Based Subsidy (NBS) scheme, and the United States Fertilizer Production Expansion Program, have all adopted policies to assist countries in tackling dependence on a few major exporters, accountable for their vulnerability. These policies are not only meant to stabilise domestic supply and control fertilizer prices within countries, but governments are also concerned about further addressing food security and vulnerability in response to the relative vulnerability and exposure caused by the dominant global production.

Potash Fertilizer Market Geographical Outlook:

• Asia Pacific and North America are expected to hold a significant market share during the forecasted period

Asia Pacific is anticipated to hold a large percentage of the market share. This is due to the region's expanding population and increased need for food grains, which is fuelling the expansion of the potash fertilizers market. For example, according to the Asian Development Bank (ADB), Asia Pacific is expected to account for one-third of the estimated 2,600 million increase in global population between 2010 and 2050, necessitating additional efforts to increase crop yield to cater to the region's rising population.

According to the Canadian government, the global potash output in 2020 is expected to be around 69.2 million tonnes. Canada is the world's largest producer of potash, accounting for 32% of global output in 2020. Additionally, companies in this region have launched various products and have expanded their operations, which has contributed to the market growth.  For instance, in March 2021, Mosaic announced a collaboration with Sound Agriculture to produce and market a nutrient-efficiency solution. Mosaic supervised field development, regulatory, sales, and marketing initiatives, while Sound Agriculture focused on active ingredient production and product formulation. The product uses Sound Agriculture Bio-inspired technology to activate the soil microbiome, allowing plants to receive essential nutrients and producers to optimize fertilizer inputs. It is scheduled to be released in the United States in 2023. Furthermore, in February 2019, to expand their Retail business, Nutrien Ltd. bought Van Horn, Inc. (Van Horn), a renowned US retailer and agricultural services supplier that serves over 5,000 clients in 18 counties.

The United States potash fertilizer market is growing rapidly, mainly due to the country's large agricultural sector. As a leading global producer of crops like corn, soybeans, and wheat, U.S. farmers need significant amounts of potash to keep the soil healthy and boost crop yields. The increasing demand for food, both domestically and internationally, has led to consistent use of potash fertilizers across millions of acres of farmland. This reinforces the need for reliable nutrient sources to support large-scale farming.

To combat growing costs, including the effect of Putin's price increase on farmers, and promote competition, the U.S. Department of Agriculture (USDA) has announced that it will fund more fertilizer production for American farmers. To support independent, creative, and sustainable American fertiliser production to supply American farmers, the USDA made $250 million available through a new grant program. USDA will also conduct a public inquiry to gather data on seeds, agricultural inputs, fertilizer, and retail markets to address growing concerns about competition in the agricultural supply chain.

Moreover, according to the USGS, about 85% of potash sales in the US went to the fertilizer sector, with the remaining portion going to industrial and chemical uses. SOPM and SOP, which are needed to fertilize specific crops that are sensitive to chloride, made up around 70% of the potash produced. MOP made up the remaining production, which was applied to chemical and agricultural processes.

Another important factor is the rising concern about global supply chain vulnerabilities and the push for domestic production. The U.S. imports a large portion of its potash, making it vulnerable to geopolitical issues and price fluctuations. In response, there is a growing emphasis on developing local potash reserves, backed by federal and state initiatives. This strategy promises a more stable supply for American farmers and supports broader efforts to enhance national food security and cut reliance on foreign sources.

Additionally, the use of precision agriculture and sustainability practices is changing the way fertilizers are used on U.S. farms. Technologies like GPS-enabled applications, soil health monitoring, and data-driven nutrient management are helping farmers apply potash more effectively. At the same time, environmental regulations and sustainability goals are promoting the use of specialized potash products that reduce ecological impact. In line with this, Michigan Potash Company, LLC (Michigan Potash) received a conditional commitment for a loan guarantee of up to $1.26 billion ($1.12 billion in principal and $141 million in capitalized interest) from the Department of Energy's Loan Programs Office (LPO). The loan guarantee assists in funding the development of a potash solution mine and processing facility in Osceola County, Michigan, which will generate roughly 800,000 tonnes of fertilizer-grade muriate of potash and one million tonnes of salt annually.

Comprehensively, these factors are not only boosting productivity but also increasing the demand for higher-quality, targeted fertilizer solutions, further driving the potash fertilizer market growth.

Potash Fertilizer Market Key Developments:

• K+S AG’s Low-Carbon Potash Initiatives (2023–2024): K+S, a major European potash producer, launched initiatives to produce “green” potash at its German facilities, reducing carbon emissions through renewable energy integration and optimized mining processes. By 2024, K+S began marketing low-carbon muriate of potash (MOP) to environmentally conscious markets in Europe, responding to regulatory pressures and farmer demand for sustainable inputs.
• Nutrien’s Sustainability-Focused Potash Production Enhancements (2021–2023): Nutrien, the world’s largest potash producer, implemented upgrades at its Canadian mines, particularly in Saskatchewan, to boost production efficiency and reduce environmental impact. By 2022, Nutrien reported optimizing its potash operations to lower greenhouse gas emissions per ton produced, aligning with global sustainability goals. These improvements helped maintain a stable supply amid market disruptions, such as sanctions on Belarusian potash exports.
• ICL’s Launch of Polysulphate-Based Potash Fertilizers (2020–2022): ICL Group introduced expanded lines of polysulphate fertilizers, a multi-nutrient product combining potash, sulfur, calcium, and magnesium, mined from its Boulby operations in the UK. By 2021, ICL scaled up production to meet demand for sustainable, low-chloride fertilizers suitable for organic farming and chloride-sensitive crops like fruits and vegetables. This product gained traction in Europe and North America.
• Mosaic’s MicroEssentials® SZ Expansion (2021): The Mosaic Company expanded its MicroEssentials® product line, a premium fertilizer combining potash, phosphorus, sulfur, and zinc, with a focus on the SZ formulation for broad-acre crops. In 2021, Mosaic increased production capacity at its US facilities to meet growing demand in North and South America. The product’s patented fusion technology ensures uniform nutrient distribution, improving crop uptake and yield efficiency.

The potash fertilizer market has been analyzed through the following segments:

• By Type
  • Sulfate of Potash
  • Potassium Nitrate
  • Potash Chloride
  • Others
• By Form
  • Liquid
  • Solid
• By Crop Type
  • Cereals & Grains
  • Fruits & Vegetables
  • Seeds & Pulses
  • Others
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • South Africa
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • Indonesia
    • Thailand
    • Vietnam
    • Philippines
    • Others

1. Introduction

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key Benefits for the Stakeholders

2. Research Methodology  

2.1. Research Design

2.2. Research Process

2.3. Data Validation

3. Executive Summary

4. Market Dynamics

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. Potash Fertilizer Market By Type (2022-2030)

5.1. Introduction

5.2. Sulfate of Potash

5.3. Potassium Nitrate

5.4. Potash Chloride

5.5. Others

6. Potash Fertilizer Market By Form (2022-2030)

6.1. Introduction

6.2. Liquid

6.3. Solid

7. Potash Fertilizer Market By Crop Type (2022-2030)

7.1. Introduction

7.2. Cereals & Grains

7.3. Fruits & Vegetables

7.4. Seeds & Pulses

7.5. Others

8. Potash Fertilizer Market By Geography (2022-2030)

8.1. Introduction

8.2. North America

8.2.1. By Type

8.2.2. By Form

8.2.3. By Crop Type

8.2.4. By Country

8.2.4.1. USA

8.2.4.2. Canada

8.2.4.3. Mexico

8.3. South America

8.3.1. By Type

8.3.2. By Form

8.3.3. By Crop Type

8.3.4. By Country

8.3.4.1. Brazil

8.3.4.2. Argentina

8.3.4.3. Others

8.4. Europe

8.4.1. By Type

8.4.2. By Form

8.4.3. By Crop Type

8.4.4. By Country

8.4.4.1. Germany

8.4.4.2. United Kingdom

8.4.4.3. France

8.4.4.4. Spain

8.4.4.5. Italy

8.4.4.6. Others

8.5. Middle East and Africa

8.5.1. By Type

8.5.2. By Form

8.5.3. By Crop Type

8.5.4. By Country

8.5.4.1. Saudi Arabia

8.5.4.2. UAE

8.5.4.3. Others

8.6. Asia Pacific

8.6.1. By Type

8.6.2. By Form

8.6.3. By Crop Type

8.6.4. By Country

8.6.4.1. China

8.6.4.2. Japan

8.6.4.3. India 

8.6.4.4. South Korea 

8.6.4.5. Indonesia

8.6.4.6. Others

9. Competitive Environment and Analysis

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Competitive Dashboard

10. Company Profiles

10.1. Nutrien

10.2. Eurochem Group AG

10.3. The Mosaic Company

10.4. K+S Aktiengesellschaft 

10.5. Uralkali

10.6. Belaruskali

10.7. ICL Group Ltd.

10.8. China National Salt Industry Corporation

10.9. Yara International

10.10. SQM S.A.

10.11. Arab Potash Company

Nutrien

Eurochem Group AG

The Mosaic Company

K+S Aktiengesellschaft 

Uralkali

Belaruskali

ICL Group Ltd.

China National Salt Industry Corporation

Yara International

SQM S.A.

Arab Potash Company