Potassium Dihydrogen Phosphate Market Share

  • Report ID: 5772
  • Published Date: Apr 29, 2024
  • Report Format: PDF, PPT

Potassium Dihydrogen Phosphate Market Share

APAC Market Statistics

The potassium dihydrogen phosphate market in the Asia Pacific region is projected to hold the largest market share of 42% by the end of 2036. The main factor boosting the market revenue share in the Asia Pacific region is the expansion and intensification of agriculture. The Asia Pacific region is home to some of the world's most populous countries with substantial agricultural sectors like China, and India. As of 2021, the total arable land in Asia reached over 580 million hectares, reflecting the vast scope for agricultural activities.

Potassium dihydrogen phosphate is extensively used as a fertilizer in agriculture, contributing to improved crop yields and quality. The expansion of arable land and the adoption of intensive farming practices to meet the increasing food demand in the region drive the demand for potassium dihydrogen phosphate as a crucial component in modern agricultural practices.

North American Market Analysis

The potassium dihydrogen phosphate market in the North American region is projected to hold the second-largest share during the projected period with a hold of around 24% of the market share. This advancement will be noticed due to the region’s inclination towards specialty crops.  North America has witnessed a surge in the demand for specialty crops, including fruits, vegetables, and nuts.

Over the past ten years, specialty crop sales in the United States have increased by 18%, and it is anticipated that soilless substrate use will rise by more than 400% globally. Specialty crops often require specific nutrient management for optimal growth and quality. Potassium dihydrogen phosphate, with its role in providing essential phosphorus and potassium, becomes instrumental in supporting the cultivation of specialty crops. The expanding market for specialty crops contributes to the increased demand for potassium dihydrogen phosphate in North America.

Research Nester
Potassium Dihydrogen Phosphate Market Size
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Author Credits:  Rajrani Baghel


  • Report ID: 5772
  • Published Date: Apr 29, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The robust expansion of the agriculture sector will majorly drive the market growth of the potassium dihydrogen phosphate market.

The market size of the cationic reagents market is expected to get a CAGR of approximately 14% over the forecast period, i.e., 2024-2036.

The major players in the market are Israel Chemicals Ltd., Haifa Group, Nutrien Ltd., Yara International ASA, The Mosaic Company, Agrium Inc., K+S Aktiengesellschaft, Jost Chemical Co., Protex International, PhosAgro AG, Sumitomo Chemical Company, Limited, ICL Japan Co., Ltd., Nippon Potash Co., Ltd., Nissan Chemical Corporation, Chugoku Kogyo Co., Ltd.

The food-grade segment is anticipated to reap the largest market size with almost 70% by the end of 2036 and demonstrate substantial growth scopes.

The market in the APAC region is expected to have the largest market share by the end of 2036 and provide more business opportunities in the future.
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