The Global Monopotassium Phosphate (MKP) Market was valued at USD 450.2 Million in 2023 and is projected to reach USD 620.8 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 4.7% during the forecast period (2024โ2030). This growth is driven by increasing demand for high-efficiency fertilizers, expanding pharmaceutical applications, and the rising adoption of MKP in food processing and water treatment solutions.
As agriculture faces the dual challenge of maximizing yields while minimizing environmental impact, MKP has emerged as a critical component in precision farming and sustainable agriculture practices. This water-soluble fertilizer provides essential phosphorus and potassium nutrients while maintaining optimal soil pH levels. In this blog, we profile the Top 10 Companies in the Monopotassium Phosphate Industryโglobal chemical producers and specialty manufacturers shaping MKP production and innovation across multiple sectors.
๐ 1. Haifa Group
Headquarters: Haifa, Israel
Key Offering: NutriNetโข MKP, Water-Soluble Fertilizers
Haifa Group is a global leader in specialty plant nutrition, producing high-purity MKP for agricultural and hydroponic applications. Their advanced production facilities supply MKP to over 100 countries, with formulations optimized for foliar feeding and fertigation systems.
Innovation Highlights:
- Pioneer in controlled-release MKP formulations
- Sustainable production processes with minimal environmental impact
- Custom nutrient solutions for high-value crops
Download FREE Sample Report: Global Monopotassium Phospahte (MKP) Market – View in Detailed Research Report
9๏ธโฃ 2. ICL Specialty Fertilizers
