The North America Potash Market would witness market growth of 5.7% CAGR during the forecast period (2023-2030).In the year 2019, the North America market's volume surged to 20,367.6 kilo tonnes, showcasing a growth of 4.3% (2019-2022).
The growing population directly impacts the demand for food & agricultural products, which affects the market. To accommodate this demand, farmers boost crop yields and agricultural productivity. Potash is crucial for crops to have the nutrients they require to thrive. It improves plant growth in general, nitrogen uptake, and root development.
For the best crop development and productivity, potash is a crucial nutrient. The U.S. is in constant demand to boost the agricultural sector's output and satisfy the rising demand for food and farming products. The market has a robust and steady demand fuelled by the agricultural sector's requirements, the cultivation of important crops, the preservation of soil fertility, the adoption of precision agriculture, the cultivation of specialty crops, technical improvements, and government support. Together, these elements support the continued product demand, resulting in a stable and healthy market.
The continuous growth of technological innovation in the construction, manufacturing, and agricultural sectors is the primary driver of the market's expansion. Fertilizers, the production of animal feed products, soap, detergents, water softeners, deicers (for melting snow and ice), and the glass sector are the main potash markets.
Agriculture in North America has generally been automated with the most recent technology, especially in the United States and Canada. These technological advances necessitate using more effective and environmentally friendly fertilizers in the area. The two countries with the largest and most developed economies in North America are the United States and Canada. Potash production in Canada was anticipated at 22.5 million tonnes in 2021, up only 129,000 tonnes from the previous year. Due to these factors, the regional market is expected to experience considerable expansion during the forecast period.
The US market dominated the North America Potash Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $11.0 billion by 2030. The Mexico market is anticipated to grow at a CAGR of 6.2% during (2023 - 2030). Additionally, The Canada market would exhibit a CAGR of 6% during (2023 - 2030).
Based on Product, the market is segmented into Potassium Chloride, Potassium Nitrate, Potassium Sulphate, and Others. Based on End-use, the market is segmented into Agriculture and Non-Agriculture. Based on countries, the market is segmented into US, Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Potash Market is Projected to reach USD 82.6 Billion by 2030, at a CAGR of 5.4%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include The Mosaic Company, Rio Tinto PLC, Compass Minerals International, Inc., Nutrien Limited, western nutrients corporation, Yara International ASA, BHP Group Limited, Encanto Potash Corp., Red Metal Ltd., and Intrepid Potash Inc.
Scope of the Study
Market Segments Covered in the Report:
By Product (Volume, Kilo Tonnes, USD Million, 2019-2030)
- Potassium Chloride
- Potassium Nitrate
- Potassium Sulphate
- Others
By End User (Volume, Kilo Tonnes, USD Million, 2019-2030)
- Agriculture
- Non-Agriculture
By Country (Volume, Kilo Tonnes, USD Million, 2019-2030)
- US
- Mexico
- Canada
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- The Mosaic Company
- Rio Tinto PLC
- Compass Minerals International, Inc.
- Nutrien Limited
- Western nutrients corporation
- Yara International ASA
- BHP Group Limited
- Encanto Potash Corp.
- Red Metal Ltd.
- Intrepid Potash Inc.
TABLE 1 North America Potash Market, 2019 - 2022, USD Million
TABLE 2 North America Potash Market, 2023 - 2030, USD Million
TABLE 3 North America Potash Market, 2019 - 2022, Kilo Tonnes
TABLE 4 North America Potash Market, 2023 - 2030, Kilo Tonnes
TABLE 5 North America Potash Market by Product, 2019 - 2022, USD Million
TABLE 6 North America Potash Market by Product, 2023 - 2030, USD Million
TABLE 7 North America Potash Market by Product, 2019 - 2022, Kilo Tonnes
TABLE 8 North America Potash Market by Product, 2023 - 2030, Kilo Tonnes
TABLE 9 North America Potassium Chloride Market by Country, 2019 - 2022, USD Million
TABLE 10 North America Potassium Chloride Market by Country, 2023 - 2030, USD Million
TABLE 11 North America Potassium Chloride Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 12 North America Potassium Chloride Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 13 North America Potassium Nitrate Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Potassium Nitrate Market by Country, 2023 - 2030, USD Million
TABLE 15 North America Potassium Nitrate Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 16 North America Potassium Nitrate Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 17 North America Potassium Sulphate Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Potassium Sulphate Market by Country, 2023 - 2030, USD Million
TABLE 19 North America Potassium Sulphate Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 20 North America Potassium Sulphate Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 21 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 22 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 23 North America Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 24 North America Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 25 North America Potash Market by End-use, 2019 - 2022, USD Million
TABLE 26 North America Potash Market by End-use, 2023 - 2030, USD Million
TABLE 27 North America Potash Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 28 North America Potash Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 29 North America Agriculture Market by Country, 2019 - 2022, USD Million
TABLE 30 North America Agriculture Market by Country, 2023 - 2030, USD Million
TABLE 31 North America Agriculture Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 32 North America Agriculture Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 33 North America Non-Agriculture Market by Country, 2019 - 2022, USD Million
TABLE 34 North America Non-Agriculture Market by Country, 2023 - 2030, USD Million
TABLE 35 North America Non-Agriculture Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 36 North America Non-Agriculture Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 37 North America Potash Market by Country, 2019 - 2022, USD Million
TABLE 38 North America Potash Market by Country, 2023 - 2030, USD Million
TABLE 39 North America Potash Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 40 North America Potash Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 41 US Potash Market, 2019 - 2022, USD Million
TABLE 42 US Potash Market, 2023 - 2030, USD Million
TABLE 43 US Potash Market, 2019 - 2022, Kilo Tonnes
TABLE 44 US Potash Market, 2023 - 2030, Kilo Tonnes
TABLE 45 US Potash Market by Product, 2019 - 2022, USD Million
TABLE 46 US Potash Market by Product, 2023 - 2030, USD Million
TABLE 47 US Potash Market by Product, 2019 - 2022, Kilo Tonnes
TABLE 48 US Potash Market by Product, 2023 - 2030, Kilo Tonnes
TABLE 49 US Potash Market by End-use, 2019 - 2022, USD Million
TABLE 50 US Potash Market by End-use, 2023 - 2030, USD Million
TABLE 51 US Potash Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 52 US Potash Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 53 Mexico Potash Market, 2019 - 2022, USD Million
TABLE 54 Mexico Potash Market, 2023 - 2030, USD Million
TABLE 55 Mexico Potash Market, 2019 - 2022, Kilo Tonnes
TABLE 56 Mexico Potash Market, 2023 - 2030, Kilo Tonnes
TABLE 57 Mexico Potash Market by Product, 2019 - 2022, USD Million
TABLE 58 Mexico Potash Market by Product, 2023 - 2030, USD Million
TABLE 59 Mexico Potash Market by Product, 2019 - 2022, Kilo Tonnes
TABLE 60 Mexico Potash Market by Product, 2023 - 2030, Kilo Tonnes
TABLE 61 Mexico Potash Market by End-use, 2019 - 2022, USD Million
TABLE 62 Mexico Potash Market by End-use, 2023 - 2030, USD Million
TABLE 63 Mexico Potash Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 64 Mexico Potash Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 65 Canada Potash Market, 2019 - 2022, USD Million
TABLE 66 Canada Potash Market, 2023 - 2030, USD Million
TABLE 67 Canada Potash Market, 2019 - 2022, Kilo Tonnes
TABLE 68 Canada Potash Market, 2023 - 2030, Kilo Tonnes
TABLE 69 Canada Potash Market by Product, 2019 - 2022, USD Million
TABLE 70 Canada Potash Market by Product, 2023 - 2030, USD Million
TABLE 71 Canada Potash Market by Product, 2019 - 2022, Kilo Tonnes
TABLE 72 Canada Potash Market by Product, 2023 - 2030, Kilo Tonnes
TABLE 73 Canada Potash Market by End-use, 2019 - 2022, USD Million
TABLE 74 Canada Potash Market by End-use, 2023 - 2030, USD Million
TABLE 75 Canada Potash Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 76 Canada Potash Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 77 Rest of North America Potash Market, 2019 - 2022, USD Million
TABLE 78 Rest of North America Potash Market, 2023 - 2030, USD Million
TABLE 79 Rest of North America Potash Market, 2019 - 2022, Kilo Tonnes
TABLE 80 Rest of North America Potash Market, 2023 - 2030, Kilo Tonnes
TABLE 81 Rest of North America Potash Market by Product, 2019 - 2022, USD Million
TABLE 82 Rest of North America Potash Market by Product, 2023 - 2030, USD Million
TABLE 83 Rest of North America Potash Market by Product, 2019 - 2022, Kilo Tonnes
TABLE 84 Rest of North America Potash Market by Product, 2023 - 2030, Kilo Tonnes
TABLE 85 Rest of North America Potash Market by End-use, 2019 - 2022, USD Million
TABLE 86 Rest of North America Potash Market by End-use, 2023 - 2030, USD Million
TABLE 87 Rest of North America Potash Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 88 Rest of North America Potash Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 89 Key Information – The Mosaic Company
TABLE 90 key Information – Rio Tinto PLC
TABLE 91 Key Information – Compass Minerals International, Inc.
TABLE 92 Key Information – Nutrien Limited
TABLE 93 Key Information – Western Nutrients Corporation
TABLE 94 Key Information – Yara International ASA
TABLE 95 Key Information – BHP Group Limited
TABLE 96 Key Information – Encanto Potash Corp.
TABLE 97 Key Information – Intrepid Potash Inc,
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Potash Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting the Potash Market
FIG 4 Porter’s Five Forces Analysis – Potash Market
FIG 5 North America Potash Market share by Product, 2022
FIG 6 North America Potash Market share by Product, 2030
FIG 7 North America Potash Market by Product, 2019 - 2030, USD Million
FIG 8 North America Potash Market share by End-use, 2022
FIG 9 North America Potash Market share by End-use, 2030
FIG 10 North America Potash Market by End-use, 2019 - 2030, USD Million
FIG 11 North America Potash Market share by Country, 2022
FIG 12 North America Potash Market share by Country, 2030
FIG 13 North America Potash Market by Country, 2019 - 2030, USD Million
FIG 14 Swot Analysis: The Mosaic Company
FIG 15 Swot Analysis: Rio Tinto PLC
FIG 16 Swot Analysis: Compass Minerals International, Inc.
FIG 17 Swot Analysis: Nutrien Limited
FIG 18 Swot Analysis: Western Nutrients Corporation
FIG 19 Swot Analysis: Yara International ASA
FIG 20 Swot Analysis: BHP Group Limited
FIG 21 Swot Analysis: Encanto Potash Corp.
FIG 22 Swot Analysis: Red Metal Limited
FIG 23 Swot Analysis: Intrepid Potash Inc.