The global potassium salt market is anticipated to register a value of US$ 16.5 Bn by 2030, most of the demand being generated from the agriculture sector. With the world population slated to reach 8.5 billion by the end of the forecast period, availability of healthy and nutritious food has become a top priority of the international community. To accommodate the food requirements of this growing population, there would be more mouths to feed. The production of cereals, for instance, is anticipated to reach more than 10 billion tons in 2030. To ensure adequate yield, provision of essential nutrients such as potassium is absolutely essential, pushing up demand for potassium salt based fertilizers and supplements.
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