Silicon is a mineral present on earth in abundance. The element makes up approximately 28% of mineral soil by weight. Silicon is classified under essential micronutrients required for growth as the plant requires it in minute quantities. Naturally, silicon occurs as silica and silicates and is utilized as a fertilizer owing to its properties that help nourish crops and resist several plant diseases. It has a great influence on the development of plant roots, it helps with resistance to drought stress as well as biotic stress, and promotes nutrient efficiency thus facilitating rapid growth of crops even in dry soils. Despite its abundant advantages in agriculture, due to lack of awareness silicon is usually not considered as a fundamental plant component. However, with the adoption of modern farming mechanisms, the demand for silicon fertilizers is expected to grow considerably in the coming years.
Silicon enhances growth and yield of all agronomic or horticultural crops, promotes upright growth, prevents lodging, promotes favorable exposure of leaves to light, provides resistance to bacterial and fungal diseases and decreases abiotic stress such as temperatures, salinity, heavy metal, and aluminum toxicity. It also enhances the plant’s ability to resist micronutrient and other metal toxicities such as aluminum, copper, iron, manganese, zinc, and others. Silicon fertilizers are also employed in different crops such as barley, wheat, corn, sugarcane, cucumber, citrus, tomato, and others for increased productivity along with sustainable production. Benefits offered by silicon fertilizer on plant growth is driving sales of silicon fertilizer products.
Increase in population and rise in economy of the developing countries have fueled the consumption of food. In addition, agricultural land is lost after it is used for other purposes, such as highways, housing, and factories. Hence, it is important to maintain the nutrient level in crops & soil to enhance the productivity and growth of crops. To produce enough food for population across the globe with available cultivable land, farmers are incorporating micronutrients with other essential ingredients for agriculture in the form of fertilizers. Factors such as the appeal for quality and uniform crop yield due to the population expansion across the globe and decrease in cultivable land fuel the demand for agricultural micronutrients. This fact is indirectly driving the demand for silicon fertilizer, as silicon fertilizers produce a maximum yield with minimum cost. However, due to lack of awareness, silicon fertilizers are not yet extensively used in agriculture. This fact restrains the growth of the silicon fertilizer market. Along with this, lack of analytical laboratories to test plant tissue for the nutrient requirement and the soil tests for gauging the amount of silicon for many agronomic or horticultural crops also restrict the market growth. Furthermore, the adoption of new methods of farming for improving productivity is expected to provide lucrative opportunities for silicon fertilizer products.
The report on the global silicon fertilizer market is segmented based on type, form, application, and geography. Based on form, the global silicon fertilizer market is bifurcated into liquid and solid silicon fertilizers. According to type, the silicon fertilizer market is segmented into calcium silicate, potassium silicate, and sodium silicate. By application, the report is segmented into field crops, horticultural crops, hydroponics, and floriculture. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Top market players in the global silicon fertilizer market include Agripower, Aries Agro Ltd, BASF SE, Compass Minerals International, Inc., Denka Co. Ltd., MaxSil, Plant Tuff Inc., Redox Pty Ltd., The Mosaic Company, and Yara International ASA.
Key Benefits for Silicon Fertilizers Market:
- The study provides an in-depth analysis of the silicon fertilizer market with current trends and future estimations to elucidate the investment pockets.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplierÃ¢â‚¬Âbuyer network
- A comprehensive analysis of factors that drive and restrict the growth of the silicon fertilizer market is provided.
- The report provides a quantitative analysis to help the stakeholders to capitalize on the prevailing market opportunities.
- The report includes a detailed analysis of the regional as well as global market, key players, market segments, application areas, and growth strategies.
- Key players are profiled, and their strategies are analyzed thoroughly, which predict the competitive outlook of the silicon fertilizer market.
Silicon Fertilizers Key Market Segments:
- Calcium Silicate
- Potassium Silicate
- Sodium Silicate
- By Application
- Field Crops
- Horticultural Crops
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South Africa
- Rest of LAMEA
Table of Contents
1.2. Key Benefits for Stakeholders
1.3.Key Market Segments
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3.Analyst Tools and Models
3.2.1.Top investment pocket
3.2.2.Top impacting factors
3.3.Porter's Five Forces analysis
3.3.1.Bargaining power of suppliers
3.3.2.Bargaining power of buyers
3.3.3.Threat of substitution
3.3.4.Threat of new entrants
3.3.5.Intensity of competitive rivalry
188.8.131.52.Benefits of using silicon fertilizer
184.108.40.206.Population growth and limited availability of arable land
220.127.116.11.Growth of per capita GDP in developing countries
18.104.22.168.Lack of awareness regarding dosage and proper application of silicon fertilizers among farmers
22.214.171.124.Poor availability of analytical laboratories for soil testing and plant tissue analysis for the nutrient requirement.
126.96.36.199.Increase in new methods of farming
188.8.131.52.Potential exploitable land
4.1.1.Market size and forecast
4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast
4.2.3.Market analysis by country
4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast
4.3.3.Market analysis by country
4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast
4.4.3.Market analysis by country
5.1.1.Market size and forecast
5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast
5.2.3.Market analysis by country
5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast
5.3.3.Market analysis by country
6.1.1.Market size and forecast
6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast
6.2.3.Market analysis by country
6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast
6.3.3.Market analysis by country
6.4.Â Â Â Hydroponics
6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast
6.4.3.Market analysis by country
6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast
6.5.3.Market analysis by country
7.1.1.Market size and forecast
7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by type
7.2.3.Market size and forecast, by form
7.2.4.Market size and forecast, by application
7.2.5.Market size and forecast, by country
184.108.40.206.1.Market size and forecast
220.127.116.11.2.Market size and forecast, by type
18.104.22.168.3.Market size and forecast, by form
22.214.171.124.4.Market size and forecast, by application
126.96.36.199.1.Market size and forecast
188.8.131.52.2.Market size and forecast, by type
184.108.40.206.3.Market size and forecast, by form
220.127.116.11.4.Market size and forecast, by application
18.104.22.168.1.Market size and forecast
22.214.171.124.2.Market size and forecast, by type
126.96.36.199.3.Market size and forecast, by form
188.8.131.52.4.Market size and forecast, by application
7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by type
7.3.3.Market size and forecast, by form
7.3.4.Market size and forecast, by application
7.3.5.Market size and forecast, by country
184.108.40.206.1.Market size and forecast
220.127.116.11.2.Market size and forecast, by type
18.104.22.168.3.Market size and forecast, by form
22.214.171.124.4.Market size and forecast, by application
126.96.36.199.1.Market size and forecast
188.8.131.52.2.Market size and forecast, by type
184.108.40.206.3.Market size and forecast, by form
220.127.116.11.4.Market size and forecast, by application
18.104.22.168.1.Market size and forecast
22.214.171.124.2.Market size and forecast, by type
126.96.36.199.3.Market size and forecast, by form
188.8.131.52.4.Market size and forecast, by application
184.108.40.206.1.Market size and forecast
220.127.116.11.2.Market size and forecast, by type
18.104.22.168.3.Market size and forecast, by form
22.214.171.124.4.Market size and forecast, by application
126.96.36.199.1.Market size and forecast
188.8.131.52.2.Market size and forecast, by type
184.108.40.206.3.Market size and forecast, by form
220.127.116.11.4.Market size and forecast, by application
18.104.22.168.Rest of Europe
22.214.171.124.1.Market size and forecast
126.96.36.199.2.Market size and forecast, by type
188.8.131.52.3.Market size and forecast, by form
184.108.40.206.4.Market size and forecast, by application
7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by type
7.4.3.Market size and forecast, by form
7.4.4.Market size and forecast, by application
7.4.5.Market size and forecast, by country
220.127.116.11.1.Market size and forecast
18.104.22.168.2.Market size and forecast, by type
22.214.171.124.3.Market size and forecast, by form
126.96.36.199.4.Market size and forecast, by application
188.8.131.52.1.Market size and forecast
184.108.40.206.2.Market size and forecast, by type
220.127.116.11.3.Market size and forecast, by form
18.104.22.168.4.Market size and forecast, by application
22.214.171.124.1.Market size and forecast
126.96.36.199.2.Market size and forecast, by type
188.8.131.52.3.Market size and forecast, by form
184.108.40.206.4.Market size and forecast, by application
220.127.116.11.1.Market size and forecast
18.104.22.168.2.Market size and forecast, by type
22.214.171.124.3.Market size and forecast, by form
126.96.36.199.4.Market size and forecast, by application
188.8.131.52.1.Market size and forecast
184.108.40.206.2.Market size and forecast, by type
220.127.116.11.3.Market size and forecast, by form
18.104.22.168.4.Market size and forecast, by application
22.214.171.124.Rest of Asia-Pacific
126.96.36.199.1.Market size and forecast
188.8.131.52.2.Market size and forecast, by type
184.108.40.206.3.Market size and forecast, by form
220.127.116.11.4.Market size and forecast, by application
7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by type
7.5.3.Market size and forecast, by form
7.5.4.Market size and forecast, by application
7.5.5.Market size and forecast, by country
18.104.22.168.1.Market size and forecast
22.214.171.124.2.Market size and forecast, by type
126.96.36.199.3.Market size and forecast, by form
188.8.131.52.4.Market size and forecast, by application
184.108.40.206.1.Market size and forecast
220.127.116.11.2.Market size and forecast, by type
18.104.22.168.3.Market size and forecast, by form
22.214.171.124.4.Market size and forecast, by application
126.96.36.199.1.Market size and forecast
188.8.131.52.2.Market size and forecast, by type
184.108.40.206.3.Market size and forecast, by form
220.127.116.11.4.Market size and forecast, by application
18.104.22.168.1.Market size and forecast
22.214.171.124.2.Market size and forecast, by type
126.96.36.199.3.Market size and forecast, by form
188.8.131.52.4.Market size and forecast, by application
184.108.40.206.Rest of LAMEA
220.127.116.11.1.Market size and forecast
18.104.22.168.2.Market size and forecast, by type
22.214.171.124.3.Market size and forecast, by form
126.96.36.199.4.Market size and forecast, by application
1.2.4.Key strategic moves and developments
1.3.Maxsil (Silicon Fertilisers Pty Ltd)
1.4.Denka Co. Ltd.
1.4.3.Operating business segments
1.5.Redox Pty Ltd.
1.5.5.Key strategic moves and developments
1.6.Aries Agro Ltd.
1.6.3.Operating business segments
1.6.6.Key strategic moves and developments
1.7.3.Operating business segments
1.7.6.Key strategic moves and developments
1.8.Compass Minerals International, Inc.
1.8.3.Operating business segments
1.8.6.Key strategic moves and developments
1.9.The Mosaic Company
1.9.3.Operating business segments
1.9.6.Key strategic moves and developments
1.10.Yara International ASA
1.10.3.Operating business segments
1.10.6.Key strategic moves and developments
Executive SummaryAccording to a new report titled, Silicon Fertilizers Market by Type, Form and Application: Global Opportunity Analysis and Industry Forecast, 2016 - 2025 the global silicon fertilizers market was valued at $87.43 million in 2016, and is projected to reach $125.84 million by 2025, registering a CAGR of 4.1% from 2017 to 2025. In 2016, the field crops application segment accounted for more than 50% share of the global silicon fertilizers market in terms of value.
Silicon is the second most abundant chemical in the earths crust after oxygen. Naturally, silicon occurs as oxides and silicates and is utilized as a fertilizer owing to nourishment of crops and resistance to several plant diseases. Silicon plays a large role in plant growth, mineral nutrition, mechanical strength, and resistance to fungal diseases, herbivory, and adverse chemical conditions. Silicon fertilizers help in the development of plant roots, prevent stalk lodging and decrease some abiotic stress, which promotes upright growth of all field or horticultural crops. Silicon fertilizers help plants in retaining other essential micronutrients such as iron, copper, and boron thus improving productivity along with sustainable production of all agronomic crops. Different applications of silicon fertilizer, for example, field crops, hydroponics, and floriculture are expected to exhibit high demand in future. Field crops and horticultural crops are projected to be the top investment pockets owing to increase in consumption of food and demand for healthy & nutritious food among the increasing population across the globe.
Silicon fertilizers are essential elements for plant growth and play an important role in balanced crop nutrition. A silicon deficiency can lead to various diseases in plants such as powdery mildew, septoria and eye-spot, insect pests and others that can reduce the quality and quantity of plants. Silicon enhances the plants ability to resist micronutrient and other metal toxicities such as aluminum, copper, iron, manganese, and zinc, which helps enhance the productivity and growth of crops. Silicon fertilizers find extensive applications in agribusiness, thereby driving the silicon fertilizer industry. The requirement of effective fertilizers is on the rise due to poor soil quality, and therefore, the effectivenessof micronutrients for enhancing the crop yield and productivity with minimum cost have fueled the popularity of silicon fertilizer indirectly among farmers in the recent years.
Calcium silicate, sodium silicate, potassium silicate, are some of the major types of silicon fertilizers that are required by crops and plants. Calcium silicate is the most commonly used silicon fertilizer, which is obtained as a by-product of steel and phosphorus production. Rise in demand for field crops owing to change in lifestyle and increase in health awareness have driven the demand for calcium silicate. Moreover, factors that boost the demand for calcium silicate include high yield per hectare and increased requirement of fruits and vegetables globally.
However, factors such as lack of awareness among farmers in developing countries regarding the application of silicon fertilizers as well as lack of analytical laboratories to test plant tissue for the nutrient requirements and to conduct soil tests for gauging the amount of silicon for many agronomic or horticultural crops are expected to restrain the global silicon fertilizers market growth during the forecast period. Furthermore, the adoption of new methods of farming for enhancing profitability fuels the demand for silicon fertilizers.
Key Findings of the Silicon Fertilizer Market Study:
The liquid silicon fertilizer segment was the highest contributor to the silicon fertilizers market in 2016 and is projected to grow at a CAGR of 4.6%.
Calcium silicate occupies more than 50% of silicon fertilizers market share and is projected to grow at a CAGR of 4.3%.
The demand for field crops is continuously increasing around the globe, especially in developing countries such as China, India, and Brazil, and is projected to grow at a CAGR of 4.3% during the forecast period.
The field crops application segment accounted for 54% share of silicon fertilizers market and is expected to grow at a CAGR of 4.3%.
Asia Pacific is projected to exhibit rapid growth in the silicon fertilizers market, owing to rise in its economy with a large population base, and is projected to grow at the most astounding CAGR of 4.5% from 2017 to 2025.
China accounted for the highest share accountingapproximately 40% in the Asia-Pacific silicon fertilizers market, in 2016.
In 2016, the horticultural crops application segment accounted for 25.4% share of the silicon fertilizers market and is expected to grow at a CAGR of 4.2%.
In terms of value, Asia-Pacific and LAMEA collectively contributed three-fifths share in the global silicon fertilizers market in 2016. The key players operating in the silicon fertilizers industry are Agripower, Aries Agro Ltd, BASF SE, Compass Minerals International, Inc., Denka Co. Ltd., MaxSil, Plant Tuff Inc., Redox Pty Ltd., The Mosaic Company, and Yara international ASA.
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