IMARC Group has recently released a new research study “Silicon Fertilizer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
What are the growth prospects of the Silicon Fertilizer Market Industry?
The global silicon fertilizer market size reached US$ 99.3 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 124.56 Million by 2027, exhibiting a growth rate (CAGR) of 3.72% during 2022-2027.
What is a Silicon Fertilizer?
Silicon fertilizer refers to a natural or chemical substance that involves silicon deposition in land, soil, or plant epidermal tissue to enhance crop growth and production. Some commonly available silicon fertilizer variants include calcium, sodium, and potassium silicate. They are widely used in fields, hydroponics, floriculture, and horticulture crops, such as wheat, cereals, soybean, and vegetable sugarcane. They help to increase cell wall strength, offer resistance to bacterial and fungal infections, prevent lodging and reduce biotic and abiotic stress. As a result, silicon fertilizers are gaining immense traction across the globe for enhancing the growth and yield of all annual and vegetable crops.
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What are the major market drivers in the Silicon Fertilizer Market?
The global silicon fertilizer market is primarily driven by the rising demand for food due to rapid population expansion. Silicon fertilizers are used to produce numerous crops, including sugarcane, corn, cucumber, wheat, barley, and tomato. In line with this, rising incidences of plant diseases such as leaf freckling, rust, and ring spots have escalated product demand. Additionally, the rising popularity of silicon fertilizers among farmworkers to provide resistance against unfavorable climatic conditions and plant insects is positively influencing the market growth.
Furthermore, numerous product innovations, including large-scale use of organic silicon fertilizers in organic farming practices as they are more sustainable and environmentally friendly, are contributing to the market growth. Other factors, including favorable government initiatives for food security, rising availability of cultivable land, and rapid expansion in the agriculture sector, are also anticipated to drive the market further.
| Silicon Fertilizer Market Report Scope | |
| Report Coverage | Details |
| Market size value in 2021 | US$ 99.3 Million |
| Market forecast in 2027 | US$ 124.56 Million |
| Growth Rate | CAGR of 3.72% from 2022 to 2027 |
| Base year for estimation | 2021 |
| Historical data | 2016-2021 |
| Forecast period | 2022-2027 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Type, Form And Application |
| Regional scope | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Key companies profiled | 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. |
| Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
| Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Type:
- Synthetic
- Natural
Breakup by Form:
- Liquid
- Solid
Breakup by Application:
- Field Crops
- Horticultural Crops
- Hydroponics
- Floriculture
By Geography:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom,
Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia,
Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
List of Major Key Players:
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.
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