Global Silicon Fertilizer Market - 2024-2031

Overview

Global Silicon Fertilizer Market reached US$ 120.12 million in 2023 and is expected to reach US$ 171.48 million by 2031, growing with a CAGR of 4.55% during the forecast period 2024-2031.

Fertilizers help in plant growth enhancement by providing them with proper nutrients. Silicon strengthens plant cell walls, making them more resistant to various environmental stresses, and can help farmers increase yields. According to NIH, silicon is the second most abundant element in the earth's crust with a mean share of 28.8% mostly ranging between 50 and 400 g Si kg-1 of soil. It is a bioactive beneficial element and a versatile player in plant growth.

The use of silicon fertilizers for the sustainable approach to higher yields along with its ability to improve stress tolerance and enhance the quality of crops are positively impacting the market expansion. Growing research and development activities and investigation studies that show the beneficiary effects of silicon fertilizer on the agricultural yield are improving the market penetration in various regions.

Asia-Pacific dominated the market with government support in the region by providing sufficient funds for fertilizer subsidies for developing countries. For instance, according to the Fertilizer Association of India, the government had budgeted Rs.1,05,222 crores for fertilizer subsidies during the year 2022-23. The Budget allocation for fertilizer subsidy is Rs.1,75,103 crore for the year 2023-24. The high support from the government agencies is improving fertilizer use in India.

Dynamics

Increasing Demand For Fertilizers To Improve The Productivity

With the increasing world population and food demand, there is a growing demand for approaches to improve the production and yield of agricultural produce. Food and Agriculture Organization estimated that the world's agricultural land accounted for about 47,812,049 million sq. km in 2021. Farmers widely use fertilizers are producers around the globe to improve the output of farming.

According to FAO, the world fertilizer consumption reached 139.8 kilograms per hectare of arable land in 2021. 91.1 % of fertilizer is consumed to the total fertilizer produced in the world. Overuse of synthetic fertilizers can contribute to soil degradation and environmental pollution. Silicon fertilizers offer a more sustainable approach to improving crop yields. They can help plants utilize water and nutrients more efficiently, leading to higher yields without harming the environment, and driving the market growth.

Sustainable Approach of Silicon Fertilizers

Silicon fertilizers offer a more eco-friendly way to boost yields compared to traditional fertilizers. They have a lower environmental footprint by less leaching, promoting soil health, and potential for reduced overall fertilizer use. They can help plants utilize water and nutrients more efficiently, leading to higher production without harming the environment. By strengthening plant cell walls, silicon enhances a crop's resilience to various environmental stresses like drought and high temperatures.

Silicon can improve the physical properties of fruits and vegetables, making them more resistant to damage during transport and storage, leading to reduced post-harvest losses and higher profits. They improve plant health and resilience, enhance stress tolerance and improve water use efficiency. The sustainable yield improvement of silicon fertilizers drives market growth.

Lack of Awareness About Silicon Fertilizers

Many farmers, especially those with small-scale operations, rely on traditional practices and established fertilizer routines. Most regional farmers are habituated to the use of some nitrogen, phosphorus, and potassium fertilizers and are hesitant to adopt a new product. In addition, there is a gap between the scientific understanding of silicon's benefits and its practical application on farms. Research on silicon fertilizers might not be reaching farmers effectively.

The benefits of silicon fertilizers like improved stress tolerance and disease resistance might not be immediately noticeable or easily quantifiable. This can make it challenging for farmers to connect the use of silicon fertilizer to a direct improvement in yield or profit. Lack of awareness and cost-conscious among farmers is hindering the market expansion in various regions.

Segment Analysis

The global silicon fertilizer market is segmented based on type, product, form, nature, distribution channel, application, and region.

Ease of Application and Uniform Distribution of Liquid Silicon Fertilizers

The global silicon fertilizer market is segmented based on form into liquid and solid. The liquid silicon fertilizer segment accounted for the largest share. Liquid fertilizers are much easier to apply compared to solid forms. They can be directly sprayed onto crops or injected into irrigation systems, ensuring a more even distribution of silicon throughout the field. This is crucial for maximizing the fertilizer's effectiveness.

Liquid silicon fertilizers are typically water-soluble, making the silicon readily available for plant uptake. This is particularly beneficial for crops with a short growing season or those that require silicon early in their development. These forms of fertilizers can often be mixed with other liquid fertilizers and pesticides in a single application, saving farmers time and resources. This convenience is a major advantage for large-scale farming operations.

Geographical Penetration

Rising Agriculture Sector in Asia-Pacific

Asia-Pacific dominated the market growth with a booming agriculture sector. The rapidly growing population in developing countries including India and China is highly increasing the demand for the high agricultural sector in the region. According to the World Bank Organization, India's population reached 1.42 billion in 2022. World Data info indicates that this is a growth of 216.5 percent in 63 years, increasing the demand for various resources rapidly.

Population growth and rising food needs, are driving demand for high-performance fertilizers to boost crop yields to meet the increasing demand. The Fertiliser Association of India, the production of total fertilizer products at 48.68 million MT during 2022-23 showed an increase of 11.3% over 2021-22. Total consumption of all fertilizer products is at 63.76 million MT during 2022-23.

Further, consumption of fertilizer nutrients is estimated at 29.84 million MT during 2022-23. As more farmers become aware of the benefits of silicon fertilizers, they are more likely to integrate them into their crop management practices. The high use of fertilizers in this region along with the developing agricultural sector with the incorporation of new and effective fertilizers use is positively shaping the regional market growth.

Competitive Landscape

The major global players in the market include Deepak Fertilisers and Petrochemicals Corporation Limited, Denka Company Limited, Edw. C. Levy Co., Redox Bio-Nutrient, Agripower Australia Ltd, MaxSil Pty Ltd., GREENCHEM BIOTECH, Jaipur Bio Fertilizers, Nousbo Co., Ltd. and Peptech Biosciences Ltd.

COVID-19 Impact Analysis

The COVID-19 pandemic had a mixed impact on the global silicon fertilizer market. The pandemic has disrupted the global supply chain, including transporting fertilizers and raw materials. Lockdowns and travel restrictions caused disruptions in the production and transportation of silicon fertilizers leading to temporary shortages and price fluctuations. The pandemic's economic slowdown reduced demand for agricultural products in some regions and decreased fertilizer use, including silicon fertilizers.

With the increased need for the need for sustainable practices. There was a high focus on food security. In some regions, the pandemic heightened concerns about food security. This led to an increased focus on agricultural production, which in turn drove up the demand for fertilizers, to produce the required yield of various agricultural products.

By Type

• Water-Soluble Type
• Citrate-Soluble Type

By Product

• Calcium Silicate
• Potassium Silicate
• Sodium Silicate

By Form

• Liquid
• Solid

By Nature

• Natural
• Synthetic

By Distribution Channel

• Fertilizer Shops
• Online Retail
• Others

By Application

• Field Crops
• Horticultural Crops
• Hydroponics
• Floriculture

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• In December 2023, Rallis India, a Tata enterprise, introduced NAYAZINC, a patented zinc fertilizer designed for soil application. It will provide an alternative to zinc sulfate.
• In October 2022, PM Modi launched Pradhan Mantri Bharatiya Jan Urvarak Pariyojana. This new scheme, One Nation One Fertiliser is for farmers under which companies must market all subsidised fertilisers under a single brand Bharat.
• In January 2020, RCF added a new product to its portfolio by launching a new product Soluble Silicon Fertilizer. The newly launched product is developed by RCF's R&D-BioAgro Division and it significantly boosts crop immunity and strength, leading to substantial yield increases.

Why Purchase the Report?

• To visualize the global silicon fertilizer market segmentation based on type, product, form, nature, distribution channel, application, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of silicon fertilizer market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global silicon fertilizer market report would provide approximately 86 tables, 80 figures, and 225 pages.

Target Audience 2024

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies