Silicon Fertilizer Market to Grow at a CAGR of 3.7% to reach US$1,768.81 Million from 2020 to 2027

The 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.

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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hit countries by the COVID-19 pandemic. The lockdown of various plants and factories in China is adversely affecting the global supply chains, and manufacturing and sales of variousfood &beverage products. The overall market collapse due to this outbreakis also restraining thegrowth of thesiliconfertilizer market due to shutdown of factories, obstacle in supply chains, and downturn in world economy.

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Silicon Fertilizer Market: Strategic Insights

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Market Insights

Various Benefits Offered by Silicon Fertilizersto Drive Market Growth

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.

Type Insights

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.

Applications Insights

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.

Report Spotlights

• ends in the global siliconfertilizer market that help players develop effective long-term strategies
• Business growth strategies adopted by developed and developing markets
• Quantitative analysis of the silicon fertilizer market from 2017 to 2027
• Estimation of silicon fertilizer demand across various industries globally
• PEST analysis to illustrate the efficacy of buyers and suppliers operating in the market
• Recent developments to understand the competitive market scenarioand the demand forsilicon fertilizer
• Market trends and outlook,and factors driving and restraining the growth of the market
• Understanding on strategies that underpin the global siliconfertilizer market growth, which assists stakeholders in decisionmaking
• Silicon fertilizer market size at various nodes of market
• Detailed overview and segmentation of the market and industry dynamics
• Global silicon fertilizer market size in various regions with promising growth opportunities in these regions

Silicon Fertilizer Market Regional Insights

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.

Silicon Fertilizer Market Report Scope

Silicon Fertilizer Market Players Density: Understanding Its Impact on Business Dynamics

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:

1. Agripower Australia Pty Ltd.
2. Denka Company Limited
3. Jaipur Bio Fertilizers
4. MAXSIL (SILICON FERTILISERS PTY LTD)
5. VedantAgrotech

Disclaimer: The companies listed above are not ranked in any particular order.

Silicon Fertilizer Market, by Type

• Synthetic
• Natural

Silicon Fertilizer Market, by Form

• Liquid
• Solid

Silicon Fertilizer Market, by Application

• Field Crops
• Horticultural Crops
• Hydroponics
• Floriculture

Company Profiles

• Agripower Australia Pty Ltd.
• 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.,Ltd.