Knowledge Sourcing Intelligence announces the publication of a new report on “Silicon Fertilizer Market - Forecasts from2020 to 2025" to their offering.
Silicon fertilizers are considered as an essential ingredient for the enhanced growth of plants. These types of fertilizers are not very common. However, the constantly changing climate throughout the globe is expected to be a key factor in driving the market growth in the coming years.
According to the report, the Silicon Fertilizer Market is projected to increase at a CAGR of 4.37% in the coming years.
Globally Growing Population
The market for silicon fertilizer is anticipated to witness a nominal growth over the course of the next five years. The major factor supplementing the demand for silica as a fertilizer is that it is considered as one of the essential ingredients for the enhancement of crop growth as it assists in the improvement of resistance of plants from the abiotic stress conditions. Therefore, the globally changing climatic conditions play a significant role in shaping up the silicon fertilizer market growth throughout the forecast period. However, the constantly growing global population is a prime factor that is driving the demand for food, thus, the inclination of many countries towards sustainable agriculture coupled with the growing food demand is considered to be the prime factor that is amplifying the adoption of silicon fertilizers. Thereby propelling the business growth opportunities for the manufacturers of over the next five years. According to the statistics by the United Nations, by the year 2050, the global population is expected to reach 9.8 billion. This, in turn, is augmented to increase the pressure on limited available natural resources such as land and water in terms of rapid urbanization and growing food demand. Also, the FAO projects that by the year 2050 agricultural production is anticipated to be 60% higher than that of the year 2007. Moreover, the growth in organic agriculture especially in developed regions such as North America and Europe are also some of the additional factors bolstering the growth of the silicon fertilizer market in the next five years. For instance, in 2018, around 2.8 million organic producers were reported in the year 2018 along with this, a total of 71.5 million hectares of land was managed organically during the same year (Source: IFOAM Organics International Statistics).
The silicon fertilizer market has been segmented on the basis of product type, crop type, form, and geography. By product type, the market has been segmented on the basis of calcium silicate, potassium silicate, sodium silicate, and precipitated silica. By the crop type, the market has been classified into turf grass, horticultural crops, and field crops. On the basis of form, the classification of the market has been done into solid and liquid. Geographically, the market has been distributed into North America, South America, Europe, Middle East and Africa, and Asia Pacific.
Geographically, the Asia Pacific region is anticipated to hold a substantial market share throughout the forecast period on account of the high consumption of food due to the presence of a considerably larger population base. Furthermore, growing focus on sustainable farming practices in countries like Japan and China among others further provides an impetus for the market to grow in the next five years.
The major players covered as part of the report are Calcium Silicate Corporation, Nippon Denko Co., Ltd., MetteQ Holdings, Diatom, and Agripower Australia Limited among others.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/silicon-fertilizer-market
This report has segmented the silicon fertilizer market on the basis following terms: