Silicon Fertilizer Market is Expected to Reach USD 178 million by 2034, as Organic Silicon Fertilizers Witness Large-scale Use | Future Market Insights, Inc.

The demand for silicon fertilizers in the United States is projected to rise at a 3% CAGR over the forecast period, Silicon fertilizer is a current agricultural technique that is utilized for a variety of crops including wheat, sugarcane, tomato, broccoli, garlic, carrot, corn, brussels sprouts, barley, cucumber, citrus, and green peas. As silicon fertilizers are excellent for ground crop, floriculture, and aquaculture, sales are expected to increase.

/EIN News/ -- NEWARK, Del, June 25, 2024 (GLOBE NEWSWIRE) -- The silicon fertilizer market is slated to reach USD 131 million in 2024. Over the forecast period, the market is projected to expand at 3.1% CAGR, to reach USD 178 million by 2034.

The silicon fertilizer market is driven by the surge in the agriculture sector. The latter is fueled by the growing population expansion, particularly in nations with advancing economies. Further, governments across the globe are taking significant initiatives to improve the availability of cultivable land. This is expected to generate more profitable prospects for the silicon fertilizer players.

The primary use of these fertilizers in boosting crop yield and reducing crop failure is fueling the market growth. Under certain circumstances, like common plant diseases, silicon fertilizers show significant results, which is also spurring the industry’s growth.

Demand for organic silicon fertilizers among discerning farmers is generating waves in the industry. Large-scale use of these fertilizers as farmers shift toward organic farming practices is expected to fuel the market growth.

Participants are also considering the ethical implications associated with the development and use of silicon fertilizers. For this, they are ensuring responsible sourcing of raw materials to reduce their environmental impact. They are also exhibiting responsible pricing to improve the accessibility of the product among small-scale farmers.

Request a Sample Report! https://www.futuremarketinsights.com/reports/sample/rep-gb-15016

How is High Focus on Food Security Driving Sales of Silicon Fertilizer Market?

Increasing demand for processed food products across the globe is one of the key factors spurring demand for silicon fertilizers. Food insecurity, undernourishment, hunger, and shortage emerge when population expansion outpaces food supply, resulting in food insecurity, undernourishment, hunger, and scarcity.

In addition to this, rapid urbanization also contributes significantly to the demand for sustainable farming methods. As more people move to cities, arable land is shrinking, reducing the amount of land required for crop cultivation. On the other side, the world's population is growing, which is expected to increase global food demand. Thus, increasing demand for food is boosting preference for sustainable farming methods which is expected to propel growth in the global silicon fertilizer market.

Furthermore, food insecurity is likely to escalate in the coming years due to the rising frequency of plant diseases and extreme weather changes. Growing concerns about food security by international and government organizations have boosted the demand for silicon fertilizers as a way to combat rising plant disease prevalence. Growing urbanization and industrialization have put undue strain on existing arable lands, forcing farmers to boost productivity in order to meet rising demand.

Key Takeaways from the Silicon Fertilizer Market Report

• The silicon fertilizer market registered a CAGR of 3.1% during the historical period, which is expected to continue over the forecast period as well.
• Potassium silicate is a prominently used silicon fertilizer, which is projected to obtain a share of 22.4% in 2024.
• The powder form is anticipated to obtain a market monopoly by achieving 78.5% in 2024.
• The silicon fertilizer sector in Canada is estimated to expand at 3.1% CAGR over the forecast period.
• In Italy, the sales of silicon fertilizers are surging at 3.6% CAGR.
  

“Players are also investing in research to support the use of silicon fertilizers. As more studies surface that exhibits the benefits of silicon in enhancing crop and soil health, the adoption of silicon fertilizers is projected to rise. More focus is projected to be given to the development of organic-compatible fertilizers,” says Nandini Roy Choudhury, Client Partner at Future Market Insights.

Purchase the Report for Key Insights: https://www.futuremarketinsights.com/checkout/15016

Competitive Landscape

Players are formulating customized solutions to meet varied requirements for crops. This allows them to develop highly effective and target-oriented silicon fertilizers. Participants are focusing on the creation of organic-compatible fertilizers to reach farmers who are practicing organic farming.

Stakeholders are also going beyond their market base to penetrate emerging markets by focusing on long-term value propositions like improved yields and reduced losses from agricultural activities. Players are further introducing a value-based pricing strategy so that more customers are open to purchasing these fertilizers.

Participants are collaborating with agricultural organizations to improve their product reach. These companies are also using effective marketing strategies to boost their sales.

Latest Developments in the Silicon Fertilizer Market

• Agriloops, a sustainable aquaculture company, disclosed in February 2024, that it has gained USD 13.95 million in funding, apart from various grants and debts.
• THE ASTANA TIMES, which is Kazakhstan’s famous newspaper, published in August 2023 that EuroChem-Karatau is prepared to launch a chemical complex for the manufacturing of mineral fertilizer. The capacity of this unit will be at least 1 million tons of products annually.

Scope of the Report

Attribute	Details
Estimated Market Size (2024)	USD 131 million
Projected Market Valuation (2034)	USD 178 million
Value-based CAGR (2024 to 2034)	3.1	%
Market Analysis	US$ Million for Value and MT for Volume
Key Regions Covered	North America; Latin America; Europe; East Asia; South Asia; Oceania; and the Middle East & Africa
Key Countries Covered	The USA, Canada, Brazil, Mexico, Chile, Peru, Argentina, Germany, Italy, France, the UK, Spain, BENELUX, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Singapore, Australia, New Zealand, GCC Countries, Turkey, South Africa, North Africa, and Central Africa
Key Segments Covered	Form, Type, Application and Region
Key Companies Profiled	Plant Tuff Inc.; Maxsil; Redox Pty Ltd.; BASF SE; The Mosaic Company; Agripower; Denka Co. Ltd.; Aries Agro Ltd.; Compass Minerals International, Inc.; Yara International ASA
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Report Preview in details: https://www.futuremarketinsights.com/reports/silicon-fertilizers-market

Get More Valuable Insights

Future Market Insights (FMI), in its new offering, provides a thorough, detailed, and unbiased analysis of the global silicon fertilizer market, presenting historical demand data for the years 2019 to 2023 and forecast statistics for the years 2024 to 2034.

The study provides compelling industry insights based on the product type (potassium silicate, calcium silicate, and sodium silicate), form (solid, powder, and liquid), and application (field crops, hydroponics, horticultural crops, and floriculture) across several regions.

Authored by:

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

Explore FMI’s related ongoing Coverage in Food and Beverage Domain:

The biochar fertilizer market is expected to increase from US$ 3,848 million in 2023 to US$ 7,969.50 million by 2033 and is likely to record a CAGR of 8% during the forecast period.

The global NPK fertilizers market is valued at US$ 3.03 billion in 2023. The market is progressing at an annual expansion rate (CAGR) of 3.9%, reaching a value of US$ 4.44 Billion by 2033.

The global silicon fertilizer market size stands at USD 131 million in 2024. The industry is expected to pace at a 3.1% CAGR over the forecast period, to reach USD 178 million by 2034.

Over the assessment period from 2023 to 2033, the demand for microalgae in fertilizers sector is forecasted to surge at a 10% CAGR.

The global natural distillate market size is expected to be valued at USD 2,767 million in 2024. Expanding at an 8.4% CAGR, the sector is projected to reach USD 6,207 million by 2034.

The agricultural enzyme market size is expected to reach USD 430 million in 2024. The market is pegged to achieve USD 1,112 million by 2034, expanding at 10% CAGR.

The worldwide macadamia milk market size is projected to reach USD 42 million in 2024. Hereon, the sector is assessed to expand at a steady 5% CAGR through 2034.

The worldwide seed polymer market size is predicted to surge at a CAGR of 3.3% during the forecast period. Starting at USD 3,143.1 million in 2024, the market is expected to expand significantly, reaching USD 4,335.8 million by 2034.

The magnesium stearate market size is slated to achieve USD 36.3 million in 2024. Growth predictions of the magnesium stearate industry indicate a surge of 5.5% CAGR over the forecast period.

The worldwide egg yolk oil market size presently stands at USD 308 million in 2024 and is set to experience a continuous growth of 5.2% CAGR during the assessment period. 

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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact FMI:
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