Press Release

Muriate of Potash (MOP) Market Expected to Cross $14 Billion Amid Weak Consumer Demand by 2022

Growing demand from fertilizer industry, decreasing MOP prices and unfavorable weather conditions to thrive global MOP market through 2022

According to TechSci Research report, “Global Muriate of Potash (MOP) Market By Crop, By Region, Competition Forecast & Opportunities, 2012 – 2022, the global MOP market is projected to surpass $ 14.75 billion by 2022, predominantly on account of growing demand for MOP from two major developing economies, China and India, the two Asian countries are the largest consumers of MOP as they have a huge population base, owing to which demand for food supplies is relatively high as compared to other countries. Moreover, erratic weather patterns in South Asia result in floods and draughts, thereby compelling farmers to use fertilizers for improving their crop productivity, which consequently boosts MOP demand.

Browse 487 Figures spread through 285 Pages and an in-depth TOC on "Global Muriate of Potash (MOP) Market"

Fruits & vegetables segment is expected to dominate the global MOP market in the coming years, owing to growing demand for healthy and nutrient-rich food, globally. Rising population, increasing middle class income and growing consumer inclination towards vegetarian food are some of the factors expected to augment use of MOP for boosting the production of fruits & vegetables. Moreover, improving subsidy standards, decreasing average price of MOP and emergence of bio-fertilizers are few other factors anticipated to boost demand for MOP across the globe during the forecast period.  

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“Extensive use of MOP in crops and favorable government policies to boost the use of fertilizers for higher productivity is expected to contribute immensely to the growing demand for MOP, globally. Moreover, growing collaborations in MOP market and rising investments related to MOP fertilizers in various countries are anticipated to steer growth in the global MOP market over the next five years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Muriate of Potash (MOP) Market By Crop, By Region, Competition Forecast & Opportunities, 2012 – 2022” has evaluated the future growth potential of global MOP market and provides statistics and information on market size, structure and trends. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global MOP market.

About TechSci Research

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