칼리 시장 예측(-2030년) : 제품별, 최종사용자별, 지역별 세계 분석

According to Stratistics MRC, the Global Potash Market is accounted for $66.23 billion in 2024 and is expected to reach $99.95 billion by 2030 growing at a CAGR of 7.1% during the forecast period. Potash refers to a variety of water-soluble potassium compounds, primarily potassium chloride (KCl), that are crucial for plant growth and agriculture. The name "potash" originally came from the process of leaching wood ashes in large pots to extract potassium carbonate. Potash is one of the three main macronutrients in fertilizers, alongside nitrogen and phosphorus, and is essential for enhancing crop yield, improving plant disease resistance, and aiding in water retention and nutrient uptake.

Market Dynamics:

Driver:

Rise of specialty potash products

The rise of specialty potash products is substantially enhancing the potash industry by catering to the growing demand for more tailored, efficient fertilizers. Traditional potash, primarily used to improve crop yield and soil health, is now being complemented by specialty forms designed for specific agricultural needs. These specialized products include enhanced efficiency potash (EEP), which is formulated to release nutrients more gradually, reducing waste and improving nutrient uptake by plants. Other innovations include granular and coated potash, which allow for more precise application, targeting specific soil conditions or crop types.

Restraint:

Mining and extraction costs

The high costs associated with mining and extraction are a significant challenge for the potash industry. Potash, primarily used in fertilizers, is found in underground deposits that are often deep or located in remote regions, requiring advanced and expensive mining techniques such as solution mining or conventional shaft mining. These methods are not only costly in terms of equipment and labor but also have environmental implications, which can lead to additional regulatory expenses. The extraction process itself is energy-intensive, contributing to high operational costs.

Opportunity:

Sustainable farming practices

Sustainable farming practices are increasingly being integrated into the production and use of potash, a vital component of fertilizers. Potash, rich in potassium, plays a key role in promoting plant growth, improving drought resistance, and enhancing nutrient uptake. Sustainable farming focuses on minimizing environmental impact while maintaining soil health and productivity. One approach is precision agriculture, which uses technology to apply potash more efficiently, reducing excess application and minimizing nutrient runoff. Additionally, integrating sustainable potash mining methods, such as reducing water consumption and improving energy efficiency, supports a more environmentally responsible supply chain.

Threat:

Currency fluctuations

Currency fluctuations are significantly impacting the potash industry, as they directly affect the cost and competitiveness of exports. Potash is a key agricultural input, and many of the leading producers, such as Canada, Russia, and Belarus, sell it to global markets in U.S. dollars. When a country's currency depreciates against the dollar, its potash becomes cheaper for foreign buyers, potentially boosting exports. However, for producers in countries with appreciating currencies, their products become more expensive for international buyers, which can reduce demand and affect profit margins. Fluctuating exchange rates create uncertainty, making it challenging for potash companies to forecast revenue and manage costs effectively.

Covid-19 Impact:

The COVID-19 pandemic significantly impacted the global potash industry, disrupting both supply chains and demand. Potash, a vital agricultural input used as a fertilizer, saw production slowdowns as factories and mines faced temporary closures or reduced workforce capacity due to health and safety measures. Transportation disruptions, including restrictions on international shipping and limited labor at ports, delayed deliveries and increased logistical costs. On the demand side, the economic uncertainty caused by the pandemic led to farmers reducing input purchases, including fertilizers, due to lower crop prices and financial strain.

The Potassium Nitrate segment is expected to be the largest during the forecast period

Potassium Nitrate segment is expected to dominate the largest share over the estimated period. Potassium nitrate (KNO3) plays a key role in enhancing the use of potash (potassium chloride, KCl) in agricultural practices by providing an additional source of essential nutrients for plants. Potash is a primary source of potassium, which is critical for plant growth, aiding in water regulation, enzyme activation, and photosynthesis. Potassium nitrate enriches the nutrient profile by adding both potassium and nitrogen another vital nutrient for plants. Nitrogen supports vigorous plant growth, strengthens stems, and promotes leaf development. By combining these two nutrients, potassium nitrate helps optimize crop yields, especially in potassium deficient soils.

The Agriculture segment is expected to have the highest CAGR during the forecast period

Agriculture segment is estimated to grow at a rapid pace during the forecast period. Potash, primarily composed of potassium chloride, is essential for improving crop yields, enhancing water retention in plants, and strengthening their resistance to diseases and environmental stress. With the growing global demand for food, efficient fertilizer application has become crucial. Potash not only boosts the efficiency of photosynthesis but also helps in the development of strong roots, making plants more resilient to drought and frost. To optimize its use, advancements in potash application techniques are being explored, such as fertigation and precision agriculture, which allow for more targeted and efficient delivery.

Region with largest share:

North America region is poised to hold the largest share of the market throughout the extrapolated period, by fostering growth, investment and sustainability. In Canada, which is home to some of the world's largest potash reserves, federal and provincial governments have implemented policies that promote resource development while ensuring environmental protection. These include tax incentives for exploration and development, regulatory frameworks that streamline permitting processes, and funding for research into more sustainable mining practices. In the U.S., policy initiatives aimed at bolstering domestic potash production have gained traction amid rising demand for fertilizers, with the government supporting infrastructure improvements and trade agreements that strengthen supply chains.

Region with highest CAGR:

Asia Pacific region is estimated to witness the highest CAGR during the projected time frame by consolidating market share, improving operational efficiencies and ensuring a steady supply of this critical resource for agricultural growth. Potash, a key component in fertilizers, is in high demand due to the region's rapidly expanding agricultural sector, driven by increasing populations and the need for food security. M&A activities allow companies to tap into new markets, secure long-term supply agreements, and access advanced mining technologies. By joining forces, firms can leverage economies of scale, reduce costs, and enhance their bargaining power with suppliers and customers. Additionally, strategic acquisitions help companies diversify their resource portfolios, reduce risks, and gain access to new reserves of potash.

Key players in the market

Some of the key players in Potash market include Agrimin Ltd, BHP Billiton Ltd, Compass Minerals Intl. Ltd, Encanto Potash Corp, Haifa Negev technologies Ltd, Intrepid Potash Inc, Mosaic Company, Nutrien Ltd, Red Metal Ltd, Rio Tinto Ltd and Sinofert Holdings Limited.

Key Developments:

In March 2024, in Serra do Salitre, State of Minas Gerais, Brazil, EuroChem celebrated the launch of its new phosphate fertilizer production facility today. The new phosphate mine and plant complex, which required a nearly $1 billion project investment, was built in record time and will be able to produce one million tonnes of advanced phosphate fertilizers annually, greatly enhancing the dependability of domestic phosphate fertilizer supplies for Brazilian farmers.

In June 2022, Nutrien Ltd announced its intention to enhance its fertilizer production capacity in reaction to the structural shifts occurring in global energy, agriculture, and the fertilizer markets.

Products Covered:

• Potassium Sulphate
• Potassium Nitrate
• Potassium Chloride
• Other Products

End Users Covered:

• Agriculture
• Industrial
• Non Agriculture
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Product Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Potash Market, By Product

• 5.1 Introduction
• 5.2 Potassium Sulphate
• 5.3 Potassium Nitrate
• 5.4 Potassium Chloride
• 5.5 Other Products

6 Global Potash Market, By End User

• 6.1 Introduction
• 6.2 Agriculture
• 6.3 Industrial
• 6.4 Non Agriculture
• 6.5 Other End Users

7 Global Potash Market, By Geography

• 7.1 Introduction
• 7.2 North America
  • 7.2.1 US
  • 7.2.2 Canada
  • 7.2.3 Mexico
• 7.3 Europe
  • 7.3.1 Germany
  • 7.3.2 UK
  • 7.3.3 Italy
  • 7.3.4 France
  • 7.3.5 Spain
  • 7.3.6 Rest of Europe
• 7.4 Asia Pacific
  • 7.4.1 Japan
  • 7.4.2 China
  • 7.4.3 India
  • 7.4.4 Australia
  • 7.4.5 New Zealand
  • 7.4.6 South Korea
  • 7.4.7 Rest of Asia Pacific
• 7.5 South America
  • 7.5.1 Argentina
  • 7.5.2 Brazil
  • 7.5.3 Chile
  • 7.5.4 Rest of South America
• 7.6 Middle East & Africa
  • 7.6.1 Saudi Arabia
  • 7.6.2 UAE
  • 7.6.3 Qatar
  • 7.6.4 South Africa
  • 7.6.5 Rest of Middle East & Africa

8 Key Developments

• 8.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 8.2 Acquisitions & Mergers
• 8.3 New Product Launch
• 8.4 Expansions
• 8.5 Other Key Strategies

9 Company Profiling

• 9.1 Agrimin Ltd
• 9.2 BHP Billiton Ltd
• 9.3 Compass Minerals Intl. Ltd
• 9.4 Encanto Potash Corp
• 9.5 Haifa Negev technologies Ltd
• 9.6 Intrepid Potash Inc
• 9.7 Mosaic Company
• 9.8 Nutrien Ltd
• 9.9 Red Metal Ltd
• 9.10 Rio Tinto Ltd
• 9.11 Sinofert Holdings Limited