MRFR

  Potassium sulfate (K2SO4), often referred to as sulfate of potash, is a key potassium fertilizer that plays an essential role in agriculture, horticulture, and various industrial applications. Known for its solubility in water, potassium sulfate not only supplies potassium—a critical nutrient for plant growth—but also provides sulfur, another essential element for plant health. This dual functionality makes it highly desirable in the agricultural sector, particularly for crops sensitive to chloride, such as fruits, vegetables, and certain types of grains. Market Dynamics The  potassium sulfate market  is influenced by several factors, including demand from the agricultural sector, production processes, and global economic conditions. Here are some key dynamics: Demand from Agriculture : The global population is projected to reach approximately 9.7 billion by 2050, leading to an increasing demand for food production. The necessity for higher agricultural yields to feed t...