Global Silicon Fertilizer Market – Global Industry Analysis and Forecast (2018-2026)
Global Silicon Fertilizer Market was valued US$ 88.34 Mn in 2017 and is expected to reach US$ 130.23 Bn by 2026, at a CAGR of 4.97% during a forecast period.
The global silicon fertilizer market based on the type, form, application, and region. In terms of type, the global silicon fertilizer market is classified into calcium silicate, potassium silicate, and sodium silicate. Based on form, the global silicon fertilizer market is categorized into liquid and solid. On the basis of application, the global silicon fertilizer market is divided into field crops, horticultural crops, hydroponics, and floriculture. Region wise into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
A rise in population and rise in an economy of the developing countries have fueled the consumption of food. Moreover, agricultural land is lost after it is used for other purposes, such as highways, housing, and factories. So that, it is significant to maintain the nutrient level in crops & soil to enhance the productivity and growth of crops. Silicon fertilizer market factors are the appeal for quality and uniform crop yield due to the population expansion across the globe and reduce in cultivable land fuel the demand for agricultural micronutrients. This fact is indirectly driving the demand for silicon fertilizer, as silicon fertilizers produce a maximum yield with minimum cost. Furthermore, as a result of lack of awareness, silicon fertilizers are not yet extensively used in agriculture. This fact restrains the growth of the silicon fertilizer market. Along with this, lack of analytical laboratories to test plant tissue for the nutrient requirement and the soil tests for gauging the amount of silicon for many agronomic or horticultural crops also hamper the market growth. Moreover, the adoption of new methods of farming for improving productivity is anticipated to provide lucrative opportunities for silicon fertilizer products.
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Global Silicon Fertilizer Market
Based on form, Liquid silicon plays a significant role in the uptake and vascular transport of mineral nutrients and can develop the mechanical strength of the plant. These are mainly used for foliar application, as plants can only absorb silicon in silica acid form. It helps plants to fight diseases such as powdery mildew, septoria and eye-spot, insect pests, and others.
In terms of application, Field crops and horticultural crops segments are estimated to be the top investment pockets owing to rise in consumption of food and increase in demand for healthy & nutritious food among the population across the globe. Silicon fertilizers help in the improvement of plant roots, prevent stalk lodging, resist bacterial and fungal diseases, and reduction some abiotic stress, which promotes healthy growth of all field or horticultural crops.
Asia-Pacific was the largest market for silicon fertilizers in 2017. High demand for rice and wheat crops that are mandatory on a large scale in different regions drive the growth of silicon fertilizers in this region. Several factors that fuel the demand for the staple food include a rise in per capita consumption owing to surge in global population and increase in demand for high-quality foods.
Some of the key players in the global silicon fertilizers market are Agripower, Aries Agro Ltd, BASF SE, Compass Minerals International, Inc., Denka Co. Ltd., MaxSil, Plant Tuff Inc., Redox Pty Ltd., The Mosaic Company, and Yara International ASA.
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Scope of the Global Silicon Fertilizers Market
Global Silicon Fertilizers Market by Type
• Calcium Silicate
• Potassium Silicate
• Sodium Silicate
Global Silicon Fertilizers Market by Form
• Liquid
• Solid
Global Silicon Fertilizers Market by Application
• Field Crops
• Horticultural Crops
• Hydroponics
• Floriculture
Global Silicon Fertilizers Market by Geography
• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• Latin America
Key Players operating in the Global Silicon Fertilizers Market
• Agripower
• Aries Agro Ltd
• BASF SE
• Compass Minerals International, Inc.
• Denka Co. Ltd.
• MaxSil
• Plant Tuff Inc.
• Redox Pty Ltd.
• The Mosaic Company
• Yara International ASA
• Plant Tuff
• Fuji Silysia Chem
• Denka
MAJOR TOC OF THE REPORT
Chapter One: Silicon Fertilizer Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Silicon Fertilizer Market Competition, by Players
Chapter Four: Global Silicon Fertilizer Market Size by Regions
Chapter Five: North America Silicon Fertilizer Revenue by Countries
Chapter Six: Europe Silicon Fertilizer Revenue by Countries
Chapter Seven: Asia-Pacific Silicon Fertilizer Revenue by Countries
Chapter Eight: South America Silicon Fertilizer Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Silicon Fertilizer by Countries
Chapter Ten: Global Silicon Fertilizer Market Segment by Type
Chapter Eleven: Global Silicon Fertilizer Market Segment by Application
Chapter Twelve: Global Silicon Fertilizer Market Size Forecast (2019-2026)
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