The global silicon fertilizer market was valued at US$ 1,329. 85 million in 2019 and is projected to reach US$ 1,768. 81 million by 2027; it is expected to grow at a CAGR of 3. 7% from 2020 to 2027.
New York, Nov. 20, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Silicon Fertilizer Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Type, Form, and Application" - https://www.reportlinker.com/p05988389/?utm_source=GNW
Silicon is the second most abundant element in the earth’s crust after oxygen.Naturally, silicon occurs as silicates and oxides and is exploited as a fertilizer offering resistance to several plant diseases.
Silicon fertilizer plays a vital role in plant growth, mechanical strength, mineral nutrition, and resistance to fungal diseases. It also helps develop plant roots, decrease abiotic stress, and prevent stalk lodging, which promotes upright growth of the field and horticultural crops.
Based on type, the siliconfertilizer market is bifurcated into natural and synthetic.The syntheticsegment accounted for alarger share of the market in 2019.
Synthetic silicon fertilizer are artificialfertilizer and contains chemicals and inorganic substances.They immediately supply essential nutrients to soil.
Synthetic fertilizer are known as fast acting fertilizer and can be taken up by plants immediately.Synthetic silicon fertilizer are highly water-soluble and can leach into waterways.
Synthetic silicon fertilizer must be reapplied regularly to keep the results from fading.
In terms of region, the siliconfertilizer market issegmented into North America, Europe, AsiaPacific, South America, and the Middle East &Africa.Asia Pacificheld the largest share ofthe market in 2019, followed by North America.
The major factors fueling the market are technological innovations in the silicon fertilizer market , reduction in per capita arable land, and an increase in demand for food.The population of AsiaPacific is rising dramatically.
This increasing population is stimulating the demand for food.
Agripower Australia Pty Ltd., Denka Company Limited, Jaipur Bio Fertilizer, MAXSIL (SILICON FERTILISERS PTY LTD), Vedant Agrotech, Vision Mark Biotech, Certis USA L.L.C., Nutri-Tech Solutions Pty. Ltd., AGRI nova Science, and Qingdao Re-green Biological Technology Co.,Ltd. are among the well-established players in the global siliconfertilizer market .
The siliconfertilizer market size has been derived in accordance with to both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market .
Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data as well as to gain more analytical insights into the topic. Participants typically involved in this process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants, such as valuation experts, research analysts, and key opinion leaders specializing in the siliconfertilizer market .
Read the full report: https://www.reportlinker.com/p05988389/?utm_source=GNW
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