Silicon Fertilizer Market Size, Trends and Growth Analysis by 2027

The global silicon fertilizer market was valued at approximately US$ 1,329.85 million in 2019 and is anticipated to reach around US$ 1,768.81 million by 2027, reflecting a compound annual growth rate (CAGR) of 3.7% from 2020 to 2027.

Silicon is the second most prevalent element in the earth's crust, following oxygen. It naturally exists in the form of silicates and oxides and is utilized as a fertilizer that enhances resistance to various plant diseases. Silicon fertilizers are crucial for promoting plant growth, enhancing mechanical strength, providing essential mineral nutrition, and improving resistance to fungal infections. Additionally, they contribute to root development, mitigate abiotic stress, and prevent stalk lodging, which supports the upright growth of both field and horticultural crops.

The silicon fertilizer market can be categorized based on type into natural and synthetic fertilizers. In 2019, the synthetic segment held a larger market share. Synthetic silicon fertilizers are chemically formulated and consist of inorganic substances. They provide essential nutrients to the soil rapidly, making them known as fast-acting fertilizers that plants can absorb immediately. These fertilizers are highly soluble in water, which allows them to leach into waterways, and they require regular reapplication to maintain their effectiveness.

Regionally, the silicon fertilizer market is divided into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. In 2019, the Asia Pacific region dominated the market, followed by North America. Key factors driving market growth include technological advancements in silicon fertilizers, a decrease in per capita arable land, and a rising demand for food. The rapidly growing population in the Asia Pacific region is significantly increasing the demand for food supplies.

Prominent players in the global silicon fertilizer market include 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.. These companies are well-established in the market and contribute significantly to its growth.

The size of the silicon fertilizer market has been determined through a combination of primary and secondary research methods. The research process commenced with extensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data related to the market. Furthermore, numerous primary interviews were conducted with industry participants and experts to validate the findings and gain deeper analytical insights. The participants involved in this research typically include industry professionals such as Vice Presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the silicon fertilizer sector.