The global silicon fertilizer market is projected to be valued at US$ 114.9 Million in 2022 and it is expected to grow with CAGR of 4.1% from 2022 to 2032. Liquid form of silicon fertilizers will account for 63.7% of the total market share., with sales growing at a CAGR of 3.1% over the forecast period.
Silicon fertilizers assist to control dangerous microbes and avoiding plant illnesses. The increased impact of diseases and pathogens on plants, which diminish production, is the primary factor driving demand in the market. Climatic changes, along with high incidence for crop malnutrition will augment sales in the market.
Food safety and security have become a requirement as the world’s population grows, and yield loss is a matter of concern. Furthermore, increased urbanization has reduced the amount of land accessible for agriculture, forcing farmers to use external ways to boost production. Increasing demand for ways to improve crop yield will fuel sales of silicon fertilizer.
Moreover, the utilization of silicon fertilizer by farmers to accelerate crop development, produce vegetable crops more organically, and protect plants from bacterial and fungal diseases is increasing. Such developments are expected to bode well for the market over the assessment period.
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Key Takeaways:
- The silicon fertilizer market is expected to grow with CAGRs of 6.6% and 8.2% in Latin America and the Middle East & Africa respectively.
- Market share of East Asia and South Asia is 16.3% and 12.9%, respectively in 2022.
- In form segment, liquid form is dominating the silicon fertilizer market holding 63.7% share in 2022 and it is expected to grow with CAGR of 3.1% over the forecast period.
- Among the type segment, Field crops is dominating the silicon fertilizer market holding around 45.6% share in 2022 and it is expected to grow with CAGR of 2.9% over the forecast period.
- North America is dominating the global silicon fertilizer market holding around 28.7% share in 2022 and it is expected to grow at a CAGR of 3.1% over the forecast period.
Competitive Landscape
Key players operating in the global silicon fertilizer market are investing in mergers and acquisitions. With the help of merger and acquisitions players are able to increase their existing product portfolio and improve their regional presence.
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Silicon Fertilizer Market by Category
By Form:
- Solid
- Liquid
By Type:
- Potassium Silicate
- Calcium Silicate
- Sodium Silicate
By Application:
- Field Crops
- Hydroponics
- Horticultural Crops
- Floriculture
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle east and Africa
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Author 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.
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