Global Potassium Sulfate Market to Reach USD 8.3 Billion by 2034, Driven by Sustainable Agriculture Demand | Future Market Insights, Inc. [Yahoo! Finance]
Exxon Mobil Corporation (XOM)
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Source: Yahoo! Finance
NEWARK, DE / ACCESSWIRE / November 6, 2024 / The global potassium sulfate market is projected to grow steadily, with its value estimated at USD 5,194.6 million in 2024 and anticipated to reach USD 8,301.7 million by 2034, marking a CAGR of 4.8% over the forecast period. This growth is driven by the rising demand for high-quality, chloride-free fertilizers, especially in the production of fruits, vegetables, and other high-value crops. Potassium sulfate's role in improving crop yield and quality, combined with its suitability for chloride-sensitive crops, has positioned it as a preferred fertilizer option in the agriculture sector. Additionally, the trend toward sustainable agriculture and organic farming practices is boosting its appeal globally, especially in emerging markets where agricultural expansion is on the rise. The potassium sulfate market is gaining momentum due to its increasing demand as a preferred fertilizer for chlorine-sensitive crops. With its benefits in improvin
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