| A02444 | Pages: 222 | Sep 2018 | 14263 Views | ||
| Author(s) : Kiran Sable | Tables: 115 | Charts: 53 |
| |
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The global silicon fertilizer market was valued at $87.43 million in 2016 and is projected to reach $125.84 million by 2025, registering a CAGR of 4.1% from 2017 to 2025. Silicon fertilizers help resist diseases and insect attack, unfavorable climatic conditions, and improve physical & chemical soil properties as well as maintain nutrients in plants. These are used in different crops such as barley, wheat, corn, sugarcane, cucumber, citrus, tomato, and others for increased productivity along with sustainable production. Increasing applications of silicon fertilizers in field crops, hydroponics, and floriculture are expected to experience high demand in future.
Silicon-based fertilizer helps reduce PH and increases adsorption of essential minerals from the soil. It helps the plant overcome deficiency that mainly arises due to lack of proper nutrients in the soil. In addition, it improves the mechanical properties of a plant by improving elasticity and rigidity, and thus, protects plants against infection. This further increases the demand for silicon fertilizers. Large-scale requirement and high demand for field crops & horticultural crops in different regions further drive the demand for silicon fertilizers.
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The report on the global silicon fertilizer market is segmented based on type, form, application, and geography. Based on form, the global silicon fertilizer market is bifurcated into liquid and solid silicon fertilizers. According to type, the silicon fertilizer market is segmented into calcium silicate, potassium silicate, and sodium silicate. By application, the report is classified into field crops, horticultural crops, hydroponics, and floriculture. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA
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Field crops and horticultural crops segments are projected to be the top investment pockets owing to increase in consumption of food and rise in demand for healthy & nutritious food among the population across the globe. Silicon fertilizers help in the development of plant roots, prevent stalk lodging, resist bacterial and fungal diseases, and decrease some abiotic stress, which promote healthy growth of all field or horticultural crops. These help plants retain other essential micronutrients such as iron, copper, and boron, and thus, improves the productivity of all agronomic crops. The production of field crops and horticultural crops provides high returns to farmers & growers and thus, helps increase their profitability.
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Liquid silicon fertilizers consist of products such as silicon acid or silicic acid, silicon conditioners, and other products. Liquid silicon plays an important role in the uptake and vascular transport of mineral nutrients and can improve 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. New farming technologies such as hydroponics and floriculture, provide new opportunities for the growth of liquid silicon fertilizers in the market.
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Asia-Pacific was the largest market for silicon fertilizers in terms of value in 2017. High demand for rice and wheat crops that are required 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 an increase in per capita consumption owing to surge in global population and rise in demand for high-quality foods. All these factors contribute to an increase in demand for silicon fertilizers by growers, providing new opportunities for the silicon fertilizers market.
Top market players in the global silicon fertilizer market include 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.
Key Market Segments
Key Market Players
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Silicon fertilizers are increasingly deployed in agricultural production to enhance the nutrient level in soil and promote growth of crops. Increase in the global population along with rapid urbanization has consistently fueled the demand for nutritious & protein-rich food. Therefore, to produce high quality and uniform crop yield as well as cater to the increase in global demands, food growers are focusing on the use of effective & efficient micronutrients fertilizers, which indirectly supports the growth of the silicon fertilizers market. In addition, growth of the agriculture industry and expansion of planted areas across the globe have resulted in an increase in demand for silicon fertilizers, and thus, fueling the growth of the global silicon fertilizer market.
Silicon fertilizers have gained popularity among farmers in the recent years owing to increase in awareness regarding the benefits of these fertilizers, rise in farm expenditure, ease of application, and effectiveness for crop yield & productivity. In addition, growing popularity of hydroponic system field areas and easy availability of fertilizers at low and subsidized rates encourage farmers to use them effectively.
The Asia-Pacific silicon fertilizers market offers lucrative opportunities for market players owing to the growth of the agriculture industry. This helps cater to the substantial rise in the global demand for food. In addition, the field crop segment is expected to exhibit high potential due to continuous technological advancements and increased demands. Furthermore, investment initiatives by government and private manufacturers fuel the activities pertaining to new product developments, which in turn boosts the market growth.
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