The silicon fertilizer market is expected to grow at a CAGR of 4.02% from an initial value of US$1,027.405 million in 2019 and is estimated to reach a market size of US$1,353.837 million in 2026. Silicon Fertilizers facilitate plant growth when they are under stress of diseases and nutrition. Silicon is clinically proven to improve drought tolerance in plants and withstand irregular irrigation patterns.
Further, silicon fertilizers help in dealing with harmful microorganisms and in the prevention of diseases in plants. The prime growth factor driving the demand in this market is the growing impact of diseases and pathogens attack on plants that reduce their yield. Human impacted environment changes have increased the prevalence of diseases in plants and attacks by pathogens, which drastically depleting the yield. With the growing population, food safety and security have become a necessity, and loss of yield raises concerns. Furthermore, rising urbanization has led to a decrease in land available for cultivation, hence encouraging farmers to adopt external means to increase yield, significantly supporting the silicon fertilizer market. However, the presence of chemicals in the fertilizer and emerging bio-fertilizers will constrain the market growth during the forecasted period.
Population growth will drive the market demand for silicon fertilizers
One of the prime reasons supporting the growth in the silicon fertilizer market is the booming population growth which has increased the demand for food products. Data from the United Nation states that the global population stood at 7.8 billion in the year 2019 and it is anticipated to increase to 9.8 billion by the mid-2050s. Skyrocketing growth in population is unmatched with the slow growth in the production of food which will result in instances of food insecurity, undernourishment, hunger, and scarcity. Further, with the growing prevalence of plant diseases and drastic climatic changes, food insecurity is expected to widen in the coming years. Growing concerns by the international and government organizations over food security have favored the market growth of silicon fertilizers as a means to deal with rising plant disease prevalence. Growing urbanization and industrialization has led to excessive pressure on existing arable lands and on farmers to increase yield to meet surging demand. Hence, farmers turn towards greater adoption of silicon fertilizers for better stem strength and prevention of diseases and attacks by pathogens and microorganisms.
Field Crops will have a significant application of silicon fertilizers
By crop type, the silicon fertilizer market is segmented into turf grasses, horticultural crops, and field crops. Field crops can be defined as any of the herbaceous plants grown on a large scale in cultivated fields: primarily a grain, forage, sugar, oil, or a fiber crop such as corn, cotton, rice, sorghum, soybeans, winter wheat, durum wheat, and spring wheat. The demand for silicon fertilizers for the field crops segment is expected to grow significantly in the upcoming years due to the increasing demand for food products around the world, especially in developing countries like India and Nigeria, where population, according to the United Nations, is expected to grow by 17% and 60% respectively by 2030. The increase in demand for silicon fertilizers for the field crops segment is also expected to increase on account of the increasing insect and pest attacks. For instance, in May-June 2020, the Government of Rajasthan, India reported crop damage of about 33% due to locust attacks in the state leading to widespread losses for the already suffering Indian farmers. Now, to curb such food wastage and ensure an uninterrupted supply of food for a growing global population, the demand for silicon fertilizers is expected to grow exponentially as time progresses, according to some scientific researches, silicon increases plant’s resistance to diseases such as powdery mildew, Septoria, eye-spot and also to many insect pests, thus ensuring proper yield and reduced agricultural losses.
Constraints Facing the market
The prime constraints facing the silicon fertilizer market are the emerging bio and natural fertilizer markets. Silicon fertilizers are chemical-based and are harmful to the environment and the users. If they enter the internal organs of humans and animals, they damage their bodies, causing illness and death. Further, silicon fertilizers are also linked with pollution and adulteration of the yield. Moreover, the growing use of biofertilizers as chemical-free substitutes hinders the market scope.
North American region will have a noteworthy share of the market
Geographically, the silicon fertilizer market has been classified into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. The North American market is estimated to have a significant share because of the rising investment in agriculture, to increase crop productivity. Europe is also expected to have a major share due to the rise in organic farming in the region. The Asia Pacific is also expected to have a major share because of the substantial presence of silicon in the region, the increasing usage of advanced fertilizers for crop protection, and other related factors.
Covid Pandemic Insights
The coronavirus pandemic negatively impacted the silicon fertilizers market. Supply chain gain during the pandemic resulted in a reduction in the silicon fertilizer market size and an increase in food insecurity, globally. Production of silicon fertilizers was also hampered with restrictions on international trade and lockdown imposed within countries. The global fertilizer industry has been resilient against the COVID-19 pandemic shock, with some of the benefits getting trickled down to the silicon fertilizer segment. However, the severe supply-chain disruption did result in a net contraction in this market in 2020. Governments worldwide have been forthcoming in shielding the fertilizer industry, mainly to ensure food security to their populations and control inflation. As a result, there has been some help when it comes to the distribution of raw materials and the produce, mainly from government agencies. The combined effect of the above factors has reduced some of the adverse impacts that the silicon fertilizer market faced in 2020, however, the net growth was still negative.
|Market size value in 2019||US$1,027.405 million|
|Market size value in 2026||US$1,353.837 million|
|Growth Rate||CAGR of 4.02% from 2019 to 2026|
|Forecast Unit (Value)||USD Million|
|Segments covered||Product Type, Crop Type, Form, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Nippon Denko Co Ltd, AGRI nova Science S.A., MetteQ holdings, VanBaerle AG, Diatom, AgriPower Australia Limited, Privi Life Sciences Pvt. Ltd|
|Customization scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What is the size of silicon fertilizer market?
A1. Silicon Fertilizer Market was valued at US$1,027.405 million in the year 2019.
Q2. What will be the silicon fertilizer market size by 2026?
A2. The global silicon fertilizer market is expected to reach a market size of US$1,353.837 million by 2026.
Q3. What are the growth prospects for the silicon fertilizer market?
A3. The silicon fertilizer market is expected to grow at a CAGR of 4.02% over the forecast period.
Q4. Which region holds the largest market share in the silicon fertilizer market?
A4. The North American market is estimated to have a significant share in the silicon fertilizer market because of the rising investment in agriculture, to increase crop productivity.
Q5. What factors are anticipated to drive the silicon fertilizer market growth?
A5. The prime growth factor driving the demand in the silicon fertilizer market is the growing impact of diseases and pathogens attack on plants that reduce their yield.
4.5.Porters Five Forces Analysis
4.5.1.Bargaining Power of Suppliers
4.5.2.Bargaining Powers of Buyers
4.5.3.Threat of Substitutes
4.5.4.The threat of New Entrants
4.5.5.Competitive Rivalry in Industry
4.6.Industry Value Chain Analysis
5.SILICON FERTILIZER MARKET, BY PRODUCT TYPE
6.SILICON FERTILIZER MARKET, BY CROP TYPE
7.SILICON FERTILIZERS MARKEY, BY FORM
8.SILICON FERTILIZER MARKET, BY GEOGRAPHY
8.2.1.North America Silicon Fertilizer Market, By Product Type, 2019 to 2026
8.2.2.North America Silicon Fertilizer Market, By Crop Type, 2019 to 2026
8.2.3.North America Silicon Fertilizer Market, By Form, 2019 to 2026
8.3.1.South America Silicon Fertilizer Market, By Product Type, 2019 to 2026
8.3.2.South America Silicon Fertilizer Market, By Crop Type, 2019 to 2026
8.3.3.South America Silicon Fertilizer Market, By Form, 2019 to 2026
8.4.1.Europe Silicon Fertilizer Market, By Product Type, 2019 to 2026
8.4.2.Europe Silicon Fertilizer Market, By Crop Type, 2019 to 2026
8.4.3.Europe Silicon Fertilizer Market, By Form, 2019 to 2026
8.5.The Middle East and Africa
8.5.1.The Middle East and Africa Silicon Fertilizer Market, By Product Type, 2019 to 2026
8.5.2.The Middle East and Africa Silicon Fertilizer Market, By Crop Type, 2019 to 2026
8.5.3.The Middle East and Africa Silicon Fertilizer Market, By Form, 2019 to 2026
8.6.1.Asia Pacific Silicon Fertilizer Market, By Product Type, 2019 to 2026
8.6.2.Asia Pacific Silicon Fertilizer Market, By Crop Type, 2019 to 2026
8.6.3.Asia Pacific Silicon Fertilizer Market, By Form, 2019 to 2026
9.COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1.Major Players and Strategy Analysis
9.2.Emerging Players and Market Lucrative
9.3.Mergers, Acquisition, Agreements, and Collaborations
9.4.Vendor Competitiveness Matrix
10.1.Nippon Denko Co Ltd
10.2.AGRI nova Science S.A.
10.6.AgriPower Australia Limited
10.7.Privi Life Sciences Pvt. Ltd
Nippon Denko Co Ltd
AgriPower Australia Limited
Privi Life Sciences Pvt. Ltd
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