According to the latest report by IMARC Group, titled “Silicon Fertilizer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global silicon fertilizer market growth. The report also includes competitor and regional analysis, and contemporary advancements in the market.
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.
Note-We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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.
Who are the prominent players operating in the Silicon Fertilizer Market?
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.
What segments are covered in the Global Silicon Fertilizer Market Research Report?
The report has been segmented the market into following categories:
Breakup by Type:
Breakup by Form:
Breakup by Application:
- Field Crops
- Horticultural Crops
- Asia Pacific
- North America
- Middle East and Africa
- Latin America
On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.
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