IMARC Group, a leading market research company, has recently releases report titled Silicon Fertilizer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028. The study provides a detailed analysis of the industry, including the global silicon fertilizer market share, growth, size, size, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
What is Silicon Fertilizer?
Silicon fertilizer is a specialized agricultural product manufactured to enhance crop growth and yield by providing essential silicon nutrients to plants. It is widely available in various forms, such as liquid solutions and granular formulations. It plays a significant role in strengthening plant cell walls, making them more resilient to environmental stressors, such as pests, diseases, and adverse weather conditions. It acts as a natural defense mechanism and reduces the need for chemical pesticides. It contributes to more sustainable and eco-friendly agriculture practices. It facilitates the uptake of essential nutrients, such as phosphorus and potassium, by plants. It exhibits increased resistance to abiotic stressors like drought, salinity, and extreme temperatures. As it assists in improving structural integrity of the plant, the demand for silicon fertilizer is rising across the globe.
How Big Is The Silicon Fertilizer Market?
The global silicon fertilizer market size reached US$ 103.8 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 128.7 Million by 2028, exhibiting a growth rate (CAGR) of 3.5% during 2023-2028.
What Are The Growth Prospects And Trends In The Silicon Fertilizer Market?
At present, increasing preferences for high-quality crops due to changing dietary choices of individuals represents one of the key factors impelling the growth of the market. In line with this, the rising focus on sustainable farming practices that reduce chemical inputs and environmental impact is strengthening the market growth. Moreover, the escalating demand for silicon fertilizers, as they allow plants to withstand the effects of drought and extreme weather conditions, is offering a favorable market outlook. In addition, increasing food security concerns among the masses is providing lucrative growth opportunities to industry investors. Apart from this, the rising utilization of silicon fertilizers in various crops, such as cereals, fruits, vegetables, and ornamental plants, is supporting the market growth. Furthermore, the increasing adoption of silicon fertilizers among farmers to improve productivity and gain profits is contributing to the growth of the market. Additionally, governing agencies of numerous countries are encouraging the adoption of eco-friendly agricultural products by offering various subsidies and incentives. Besides this, the wide availability of silicon fertilizers via online and offline distribution channels worldwide is bolstering the market growth.
What Is Included In Market Segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Synthetic
- Natural
Breakup by Form:
- Liquid
- Solid
Breakup by Application:
- Field Crops
- Horticultural Crops
- Hydroponics
- Floriculture
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Who Are The Key Players Operating In The Industry?
Agripower Australia Ltd., Jaipur Bio Fertilizers, Khandelwal Biofertilizer, MaxSil Pty Ltd., Plant Tuff, Redox Pty Ltd., Satpura Bio Fertiliser India Private Limited, Sigma AgriScience LLC and Vedant Agrotech.
Key highlights of the Report:
- Market Performance (2018 – 2023)
- Market Outlook (2023-2028)
- COVID-19 Impact on the Market
- Porters Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
TOC for the Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
