Potash Mining Market Global Industry Analysis 2016 - 2024 oct 2016 | Page 3

Increasing demand of fertilizers in agro-dependent economies, rise in population, and advancement in mining techniques and presence in abundance, are the major drivers for the potash mining market. The legal and environmental concerns related to land acquisition and mining respectively, along with the high capital requirement for conducting mining, are the major restraints to the potash mining market. The opportunities lie with the increase in demand for the improvement in the rate of crop production and quality.
The major potash mining companies are BHP Billiton, Rio Tinto Limited, Potash Corporation of Saskatchewan Inc, The Mosaic Company, Agrium Inc., Red Metal Limited and Great Quest Metals Limited.
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