Potassium Chloride Procurement Report– Procurement Best Practices and Sustainability Practices by SpendEdge

LONDON–(BUSINESS WIRE)–#chemicalsindustrySpendEdge,
a global procurement intelligence advisory firm, has announced the
release of their ‘Potassium
Chloride Market Procurement Research Report.
’ The insights and
data in this report provide a strategic analysis of the supply markets,
factors influencing purchasing decisions, procurement best practices,
pricing models, supplier landscape, and an analysis of the supplier
capability matrix for the chemicals
industry
. This report breaks down the data and analysis behind
the procurement of potassium chloride and acts as an all-inclusive guide
for making smart purchasing decisions.


“The growing demand for fertilizers from the agricultural industry is
one of the major factors driving the growth of the global potassium
chloride market,” says SpendEdge procurement analyst Anil Seth.
“However, the growing demand for food crops from rapidly rising
populations will exert pressure on the agricultural industry to produce
a better yield,” added Anil.

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Procurement analysts at SpendEdge highlight the following top three
market trends that are contributing to the growth of the Global
Potassium Chloride Market:

  • Use of potassium chloride in hydroponics
  • Substituting salt with potassium chloride
  • M&A within potash industry

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the report snapshot before purchasing

Use of potassium chloride in hydroponics

Hydroponics refers to the culture of plants without soil. This method
reduces the space required for plant cultivation as compared to the
traditional method. The plant cultivators can leverage the use of
hydroponics to grow more crops, where there is a limited availability of
arable land.

Substituting salt with potassium chloride

In recent years, the intake of salt can lead to health issues such as
hypertension and related cardiovascular diseases. Hence, food
manufacturers are substituting the use of salt with potassium chloride
to retain the qualities, such as taste. This will also help food
manufacturers reduce the sodium content in their products.

M&A within potash industry

Globally, major potash producers are engaging in M&A to strengthen their
product portfolios. M&A will help the suppliers reduce the cost of
operation while achieving economies of scale in their operations. Also,
the limited supplier base will help the buyers procure products in an
agile and seamless manner.

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to gain detailed insights into the
current market trends.

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SpendEdge shares your passion for driving sourcing and procurement
excellence. We are a preferred procurement market intelligence partner
for Fortune 500 firms and other leading companies across numerous
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procurement market intelligence that helps sourcing and procurement
professionals make informed decisions. These innovative procurement
solutions help enterprises transform structural capabilities, improve
execution efficiency, and fast-track time to savings.

Contacts

SpendEdge
Anirban Choudhury
Marketing Consultant
US: +1
630 984 7340
[email protected]