Global Potassium Sulphate Market Statistics Tracking Industry Expansion
According to TechSci Research report, “ Potassium Sulphate Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Potassium Sulphate Market stood at USD 4185.23 million in 2022 and is anticipated to grow with a CAGR of 3.43% in the forecast period, 2024-2028. The initiatives taken by the government based on potassium sulphate have led to favourable market conditions for the Global Potassium Sulphate Market. Several factors contribute to the growth of various potassium sulphate products. The Department of Fertilizers in India has included Potash derived from Molasses (PDM) in the Nutrient-Based Subsidy (NBS) scheme. This inclusion aims to reduce import dependence on potash and promote the use of domestically produced potash fertilizers, such as potassium sulphate. India is striving to achieve self-sufficiency in potash production. The government has been implementing measures to increase domestic pro...