Potash Market with Analysis of New Business Opportunities after Covid-19 Impact
Potash Market |
Potassium is an important soil element and a
member of the NPK fertilizer family. Natural potassium does not exist in the
environment because it reacts violently to water. Potassium fertilizer is
sometimes referred to as "potash," a term derived from an early
manufacturing procedure in which potassium was filtered from wood ashes and
concentrated by dissipating the leachate in massive iron pots.
Because
a greater number of crops, such as plantation crops and horticulture crops, are
fertilized with a potash market, this factor acts as a driver for market growth.
The rise in food consumption, along with increased population and the need to
maintain a healthy lifestyle, is another determinant factor driving
the Potash Market.
In the
production of food, potassium is removed from the soil in the harvested crops
and should be replaced with the end goal of maintaining crop growth in the
future in mind. It also increases crop yield, improves flavor, and helps plants
resist disease. Potash fertilizers are used on a variety of crops, including
cereals and grains, oilseeds and pulses, and fruits and vegetables. Potash fertilizers
are available in both liquid and solid forms.
Yara
International ASA (Norway), Agrium Inc. (Canada), Potash Corporation of
Saskatchewan Inc. (Canada), EuroChem Group AG (Switzerland), The Mosaic Company
(United States), JSC Belaruskali (Belarus), HELM AG (Germany), Israel Chemicals
Ltd. (Israel), Sociedad Qumica y Minera de Chile (Chile) S.A, Borealis AG
(Austria), Sinofert Holdings Limited ( (Germany).
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