The Silicon Fertilizers Market is experiencing significant growth due to the rising demand for sustainable and eco-friendly agricultural practices. Silicon is an essential element that enhances plant health, improves nutrient absorption, and strengthens the plant’s resistance to abiotic stresses such as drought and disease. Farmers are increasingly adopting silicon-based fertilizers to achieve higher crop yields and improve overall crop quality.
The silicon fertilizer market is anticipated to reach a value of US$ 114.9 million in 2022 and to expand at a CAGR of 4.1% from 2022 to 2032. With sales increasing at a CAGR of 3.1% over the projection period, liquid silicon fertilizers will hold a 63.7% share of the market.
Download the Sample today and unlock valuable insights of our comprehensive Silicon Fertilizers Market report! https://www.futuremarketinsights.com/reports/sample/rep-gb-15016
Silicon fertilizers assist in controlling dangerous microbes and avoiding plant illnesses. The increased impact of diseases and pathogens on plants, which diminish production, is the primary factor driving demand in the market. Climatic changes, along with a high incidence of crop malnutrition will augment sales in the market.
Food safety and security have become a requirement as the world’s population grows, and yield loss is a matter of concern. Furthermore, increased urbanization has reduced the amount of land accessible for agriculture, forcing farmers to use external ways to boost production. Increasing demand for ways to improve crop yield will fuel sales of silicon fertilizer.
Moreover, the utilization of silicon fertilizer by farmers to accelerate crop development, produce vegetable crops more organically, and protect plants from bacterial and fungal diseases is increasing. Such developments are expected to bode well for the market over the assessment period.
“Rapid adoption of innovative farming techniques to improve productivity, as well as the growing demand for horticultural crops and field crops in emerging nations will boost sales of silicon fertilizers,” says an FMI analyst.
Key Takeaways:
- The silicon fertilizer market is expected to grow with CAGRs of 6.6% and 8.2% in Latin America and the Middle East & Africa respectively.
- Market share of East Asia and South Asia is 16.3% and 12.9%, respectively in 2022.
- In form segment, liquid form is dominating the silicon fertilizer market holding 63.7% share in 2022 and it is expected to grow with CAGR of 3.1% over the forecast period.
- Among the type segment, Field crops is dominating the silicon fertilizer market holding around 45.6% share in 2022 and it is expected to grow with CAGR of 2.9% over the forecast period.
- North America is dominating the global silicon fertilizer market holding around 28.7% share in 2022 and it is expected to grow at a CAGR of 3.1% over the forecast period.
Competitive Landscape
Key players operating in the global silicon fertilizer market are investing in mergers and acquisitions. With the help of merger and acquisitions players are able to increase their existing product portfolio and improve their regional presence.
Explore More Valuable Insights
Future Market Insights, in its new report, offers an impartial analysis of the global silicon fertilizers market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
The study offers compelling insights based on form (solid, liquid), type (calcium silicate, sodium silicate, potassium silicate,), application (hydroponics, horticultural crops, field crops, floriculture) across seven major regions of the world.
About Food & Beverage Division at Future Market Insights
The Food and beverage team at Future Market Insights provides all the necessary insights and consulting analysis to fulfill the unique business intelligence needs of clients worldwide. With a catalog of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.
Unlock the secrets of the Silicon Fertilizers Market! Purchase now and delve into the intricacies of each segment. https://www.futuremarketinsights.com/checkout/15016
Frequently Asked Questions
- What is the valuation of the global silicon fertilizer market?
- Why is the demand for silicon fertilizers rising?
- How is the North America silicon fertilizers market faring?
- Who are the key players involved in the global silicon fertilizers market?
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
