Potash Market Supply Chain Optimization Strategies

Minh11 Jul, 2025Business

In 2024, the global potash market was valued at USD 62.2 billion and is projected to reach approximately USD 97.5 billion by 2034, growing at a steady CAGR of 4.6%. Potash, particularly potassium chloride (KCl), plays a key role in agriculture by improving crop yields and strengthening plant resistance. Holding nearly 67.8% of the product share, KCl remains the preferred choice due to its affordability and effectiveness. The agriculture sector accounted for 84.6% of total potash consumption in 2024, driven by rising food demand and efforts to improve farming efficiency. The Asia-Pacific region led the market with a 42.6% share, largely due to high agricultural activity in countries like India and China. As farmers look to grow more food on limited land, potash continues to support sustainable farming practices and increased productivity, making it an essential input for modern agriculture worldwide.