Canada Potash Fertilizers Market Report and Forecast 2025-2034

Canada Potash Fertilizers Market Size

The Canada potash fertilizers market is projected to grow at a CAGR of 5.76% between 2025 and 2034.

Canada Potash Fertilizers Market Outlook

• As of 2024, Canada is the largest producer and exporter of potash across the globe. The country has the largest reserves of around 1.1 billion tonnes of potash.

• Canada supplies around 12% of the world’s fertilizers.

• As per industry reports, around 95% of the potash produced in Canada is used to manufacture fertilizers.

• Potash in Canada is second to gold in export value and contributes around USD 5.52 billion to the Canadian GDP annually.

• Potash in Canada potash is produced with approximately 50% lower GHG intensity than potash produced globally.

Canada Potash Fertilizers Market Growth

Potash fertilizers are crucial to support plant growth. About 1/3rd of Manitoba soils need additional potassium to produce special crops such as corn, potatoes, and fruits or vegetables. Further, around 6% of arable Manitoba soils require potassium to grow annual crops such as cereals, canola, and flax. Potash fertilizers can increase crop yield, quality, frost and disease resistance, and other characteristics, thus aiding the market growth.

In 2022, potash mines in Saskatchewan produced around 24.6 million tonnes of potash, an increase of 1.3 million tonnes from 2021. Three companies, namely Nutrien Ltd., The Mosaic Company, and K+S Potash Canada, are Canada’s prominent potash producers. Further, BHP Group Limited, an Australian mining and metals producer is developing the Jansen Stage 1 (S1) potash project in Saskatchewan. The project is expected to start production in 2026 with an anticipated production capacity of around 4.35 million tonnes of potash per year.

In 2022, the global potash production was around 64.6 million tonnes. Canada accounted for around 38% of this capacity. The world’s population is expected to grow by around 2 billion people by 2050. To meet the needs of the growing population, global agricultural production will have to increase by about 60-70%. According to the Canada potash fertilizers market analysis, Canada holds the potential to supply the needs of farmers across the globe. In 2022, Canada exported around 21.3 million tonnes of potash, accounting for around 46% of the world’s total exports.

Canada Potash Fertilizers Industry Segmentation

Canada Potash Fertilisers Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments.

Market Breakup by Form

• Solid

• Liquid

Market Breakup by Type

• Potassium Chloride

• Sulphate of Potash (SOP)

• Potassium Nitrate

• Others

Market Breakup by Crop Type

• Pulses and Oilseeds

• Cereals and Grains

• Fruits and Vegetables

• Others

Market Breakup by Application

• Broadcasting

• Foliar

• Fertigation

Market Breakup by Region

• Northern Canada

• British Columbia

• Alberta

• The Prairies

• Central Canada

• Atlantic Canada

Canada Potash Fertilizers Market Share

During the forecast period, the potassium chloride segment is anticipated to dominate the market. Potassium chloride is primarily used by plants as a source of potassium. Potassium is necessary in order to increase protein, vitamin C, solid soluble sugars in fruits, and starch in grains and tubers. Additionally, it increases fruit size, reduces the number of pests and diseases, enhances the quality of storage and transportation, and increases the nutritional value of fruit flavor and color.

Moreover, the demand for sulphate of potash (SOP) is increasing, primarily because of its key properties that make it ideal for certain soil types and crops. The market for this fertilizer has expanded significantly, particularly for high-value crops like fruits, vegetables, and specialty crops.

Leading Companies in Canada Potash Fertilizers Market

The key players in the market are improving their market position by sustainably producing potash fertilisers.

• Nutrien Ltd. 

• Mosaic Co. 

• Haifa Group 

• Everris International B.V. (ICL Fertilizers) 

• KSM Inc. 

• Wilbur-Ellis Holdings, Inc. 

• Yara International ASA 

• EuroChem Group 

• Others

Key Highlights of the Report