Market Forecast By Type (Muriate of Potash, Sulfate of Potash, Other Types), By Application (Grains and Cereals, Pulses and Oilseeds, Commercial Crops, Fruits and Vegetables, Other Applications) And Competitive Landscape
Product Code: ETC211051 | Publication Date: Sep 2022 | Updated Date: May 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 | |
Hungary Potash Fertilizers market currently, in 2023, has witnessed an HHI of 6854, Which has increased substantially as compared to the HHI of 2990 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Hungary potash fertilizers market is expected to grow during the upcoming years. Hungary is one of the major producers and consumers of potash in Central and Eastern Europe. The country has a well-developed mining industry, which provides a significant amount of raw materials for the production of potash fertilizers.
According to 6Wresearch, the Hungary Potash Fertilizers market size is expected to grow during 2022-2028. The demand for potash fertilizers in Hungary is driven by the growing agricultural sector. The country has a large agricultural area, and the government is investing steadily forein the development of this sector. Which is leading to the growing use of potash fertilizers in Hungary. Additionally, the rising population and income levels are also driving the demand for potash fertilizers in the country.
The Hungary potash fertilizers market is expected to grow during the estimated period of 2022-2028. The country has a large agricultural sector, which is the major driver for the growth of the potash fertilizers market in Hungary. The Hungarian government is providing subsidies and incentives to farmers to encourage them to use potash fertilizers. This is anticipated to drive the demand for potash fertilizers in the country.
The Hungary potash fertilizers market is driven by the growing demand for potash fertilizers from the agricultural sector. Potash fertilizer is an important nutrient for crops, and it helps to improve crop yield.
The growing population and the growing demand for food are also fuelling the demand for potash fertilizers in Hungary. The country has a significant presence in the agricultural sector, and potash fertilizer is used extensively in this sector. The government support for the agricultural sector and the increasing use of organic fertilizers are some of the major trends observed in the Hungary potash fertilizers market.Β
However, the high cost of potash fertilizers and the lack of awareness about their benefits are some of the major challenges faced by the market players in Hungary.
The Hungary potash fertilizers market is segmented by type into muriate of potash (MOP), sulfate of potash (SOP), and others. Muriate of potash is the most popular type of potash fertilizer in Hungary and is made up of potassium chloride. Sulfate of potash is made up of potassium sulfate and is ideal for crops that are sensitive to chloride. Other types of potash fertilizers include potassium carbonate and potassium magnesium sulfate.
The market for muriate of potash is the largest in Hungary. This is due to the fact that MOP is the most frequently used type of potash fertilizer. It is relatively cheap and easy to find, making it a popular choice among Hungarian farmers.
The market for sulfate of potash is the second largest in Hungary. This type of fertilizer is increasingly being used by Hungarian farmers as it has many benefits over other types of fertilizers. It is more expensive than MOP, but it is more effective and causes less damage to crops.
The major players in the market include Yara International, EuroChem Group, and PotashCorp.
Yara International is one of the largest manufacturers of potash fertilizers in the world. The company has a strong presence in Europe Potash Fertilizer Market.
EuroChem Group is another leading manufacturer of potash fertilizers. The company enjoys a robust presence in Russian and European market.
PotashCorp is the largest producer of potash in the world. The company has a robust presence in North American and South American market.
Hungary Potash Fertilizers Market growth suffered a disruption in supply chain due to the pandemic. Nationwide restrictions led to closure of manufacturing units that further declined the growth of the industry.Β
The report offers a broad study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Hungary Potash Fertilizers Market Overview |
3.1 Hungary Country Macro Economic Indicators |
3.2 Hungary Potash Fertilizers Market Revenues & Volume, 2021 & 2028F |
3.3 Hungary Potash Fertilizers Market - Industry Life Cycle |
3.4 Hungary Potash Fertilizers Market - Porter's Five Forces |
3.5 Hungary Potash Fertilizers Market Revenues & Volume Share, By Type, 2021 & 2028F |
3.6 Hungary Potash Fertilizers Market Revenues & Volume Share, By Application, 2021 & 2028F |
4 Hungary Potash Fertilizers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Hungary Potash Fertilizers Market Trends |
6 Hungary Potash Fertilizers Market, By Types |
6.1 Hungary Potash Fertilizers Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Hungary Potash Fertilizers Market Revenues & Volume, By Type, 2018 - 2028F |
6.1.3 Hungary Potash Fertilizers Market Revenues & Volume, By Muriate of Potash, 2018 - 2028F |
6.1.4 Hungary Potash Fertilizers Market Revenues & Volume, By Sulfate of Potash, 2018 - 2028F |
6.1.5 Hungary Potash Fertilizers Market Revenues & Volume, By Other Types, 2018 - 2028F |
6.2 Hungary Potash Fertilizers Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Hungary Potash Fertilizers Market Revenues & Volume, By Grains and Cereals, 2018 - 2028F |
6.2.3 Hungary Potash Fertilizers Market Revenues & Volume, By Pulses and Oilseeds, 2018 - 2028F |
6.2.4 Hungary Potash Fertilizers Market Revenues & Volume, By Commercial Crops, 2018 - 2028F |
6.2.5 Hungary Potash Fertilizers Market Revenues & Volume, By Fruits and Vegetables, 2018 - 2028F |
6.2.6 Hungary Potash Fertilizers Market Revenues & Volume, By Other Applications, 2018 - 2028F |
7 Hungary Potash Fertilizers Market Import-Export Trade Statistics |
7.1 Hungary Potash Fertilizers Market Export to Major Countries |
7.2 Hungary Potash Fertilizers Market Imports from Major Countries |
8 Hungary Potash Fertilizers Market Key Performance Indicators |
9 Hungary Potash Fertilizers Market - Opportunity Assessment |
9.1 Hungary Potash Fertilizers Market Opportunity Assessment, By Type, 2021 & 2028F |
9.2 Hungary Potash Fertilizers Market Opportunity Assessment, By Application, 2021 & 2028F |
10 Hungary Potash Fertilizers Market - Competitive Landscape |
10.1 Hungary Potash Fertilizers Market Revenue Share, By Companies, 2021 |
10.2 Hungary Potash Fertilizers Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |