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.The global silicon fertilizer market in North America is expected to grow at the highest CAGR of 4.5% during 2020–2027.
The COVID-19 pandemic was first reportedin Wuhan, China,in December 2019.As of October 2020, the US, Russia, India, China, Italy, France, and Germany are amongthe worst-affected countries in terms of the positive cases and reported deaths. According to the WHO figures updated in October 2020, ~44.5 Mn confirmed cases and ~1.17 Mn deaths have been reported globally.The outbreak has affected economies and industries due to lockdowns, travel bans, and business shutdowns. Food &beveragesis one the world’smajor industries suffering serious disruptions in the form of supply chain breaks, technology events cancellations, and office shutdowns.Although China is the global manufacturing hub and the largest raw material supplier for various industriesin the world,it is also one of the worst
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Silicon Fertilizer Market: Strategic Insights
Silicon fertilizers help resist insects, diseases, and unfavorable climatic conditions.Moreover, they enhance chemical and physical properties of soil as well as maintain nutrients in plants. Silicon helps prevent or reduce attacks of several insects including Pyrilla, Wooly Aphids, and Stem borer. Silicon also reduces infection of diseases, such as Ring spot, Rust, and Leaf freckling. Use of silicon aids in strengthening cell walls, thereby making leaves hard and stiff. Sucking insects find it difficult to penetrate their trunk in the leaf and their mandibles can get injured. Thus, silicon reduces attacks of many insects. Also, the leaf's hard surface does not allow easy germination of spores of many diseases and prevents the diseases mentioned above.
Based on type, thesilicon fertilizer market isfurtherbifurcatedinto synthetic and natural.The synthetic segment accounted for alargershare of the market in 2019.Synthetic silicon fertilizers are artificial fertilizers and contain chemicals and inorganic substances. They immediately supply essential nutrients to soil. Synthetic fertilizers are known as fast acting fertilizers and can be taken up by plants immediately. Synthetic silicon fertilizers are highly watersoluble and can leach into waterways. Synthetic silicon fertilizers must be reapplied regularly to keep the results from fading.
Based on application, thesiliconfertilizermarketissegmented intofield crops, horticultural crops, hydroponics, and floriculture. The field crops segment accounted for the largest share ofthe market in 2019. On a global scale, field crop yields and fertilizer silicon consumption have increased widely during the past four decades and are positively correlated with one another. However, substantial differences exist in historical trends of silicon fertilizer usage among regions and crops. The reasons for the differences need to be understood to estimate the future of silicon fertilizer requirements. Silicon helps in limiting the effects of biotic and abiotic stresses in field crops.
The regional trends and factors influencing the Silicon Fertilizer Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Silicon Fertilizer Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 1.33 Billion |
| Market Size by 2027 | US$ 1.77 Billion |
| Global CAGR (2019 - 2027) | 3.7% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Silicon Fertilizer Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Silicon Fertilizer Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The List of Companies - Global Silicon Fertilizer Market
Synthetic silicon fertilizers are man-made fertilizers and contains chemicals and inorganic substances. It immediately supplies essential nutrients to soil. Synthetic fertilizers are known as fast acting fertilizers and can be taken up by plants immediately. Synthetic silicon fertilizers are highly water-soluble and can leach into waterways. Synthetic silicon fertilizers must be reapplied regularly to keep the results from fading.
Denka Company Limited, Jaipur Bio Fertilizers, MAXSIL (SILICON FERTILISERS PTY LTD), Vedant Agrotech, Vision Mark Biotech, Certis USA L.L.C., Nutri-Tech Solutions Pty. Ltd., AGRI nova Science, Qingdao Re-green Biological Technology Co.,Ltdare among the well-established players in the global silicone Fertilizers market.
In 2019,the silicone fertilizersmarket was predominantinAsia Pacificat theglobal level.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 in the Asia-Pacific region is rising dramatically. This increasing population is stimulating food demand.