The global silicon fertilizer market was valued at USD 131 million in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 3.1% over the forecast period, reaching USD 178 million by 2034.
The primary factor driving this market is the rapid expansion of the agriculture sector, fueled by a significant rise in the global population, especially in emerging economies. As populations increase, so does the demand for food, which in turn drives the need for greater agricultural productivity and efficiency. Silicon fertilizers are essential in meeting this demand, as they significantly enhance the yield and quality of a variety of crops, including wheat, cucumber, barley, corn, sugarcane, and tomatoes.
The rising incidence of plant diseases such as ring spots and leaf freckling rust is significantly driving the adoption of silicon fertilizers. These diseases can severely impact crop health and yield, leading farmers to seek effective remedies.
Silicon fertilizers have demonstrated their effectiveness in bolstering plants’ resistance to these diseases, as well as to adverse weather conditions and pests. By strengthening plant cell walls, silicon enhances crops’ ability to endure heat, drought, and cold stress, thereby reducing crop losses and boosting overall yields.
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.
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Competitive Landscape
Key players in the silicon fertilizer industry are developing tailored formulations designed for specific soil types, crops, and regional conditions, enhancing effectiveness and providing targeted solutions.
Additionally, these companies are focusing on ensuring that their fertilizers are compatible with organic farming practices, catering to the growing demand from organic farmers. As they expand into new markets, they are also emphasizing long-term benefits, such as reduced crop losses and improved yields, to highlight the value of their products.
The market is anticipated to see a rise in adoption in the region. Key players are investing in field trials and educational programs to demonstrate the benefits of silicon fertilizers to farmers and encourage their use.
In addition, companies are collaborating with agricultural organizations and extension services to enhance product visibility and credibility. They are also implementing targeted marketing strategies to engage directly with farmers and address their concerns.
Industry Updates
- In February 2024, Agriloops, which is a Rennes-based sustainable aquaculture firm, revealed that it has gained USD 13.95 million in funding, alongside grants and debts. The crowdfunding campaign that took place in the Sowefund platform, helped in the completion of the funding round.
- In August 2023, EuroChem-Karatau introduced a chemical complex for the production of mineral fertilizer. The production capacity was a minimum of 1 million tons of products per year.
Key Players of the Silicon Fertilizer Industry
- 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
- Others
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Key Segments of the Silicon Fertilizer Market
By Product Type:
Various product types segmented in the report are potassium silicate, calcium silicate, and sodium silicate.
By Form:
Different forms of the product are solid, powder, and liquid.
By Application:
Multiple applications of the product are field crops, hydroponics, horticultural crops, and floriculture.
By Region:
The product is traded across regions like North America, Latin America, Europe, East Asia, South Asia, the Middle East and Africa (MEA), and Oceania
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