Middle-East and Africa Phosphatic Fertilizers Market was worth $5.55 billion in 2021 and estimated to be growing at a CAGR of 3.33%, to reach $6.54 billion by 2026.
Phosphatic fertilizers are formed using the phosphates reservoirs originated in a variety of rocks with the help of sulfuric acid. These fertilizers are very valuable acidic soil besides other types of soils. Phosphorous improves the production of grains as well as forage and thus constitute one of the essential components for the growth of a plant along with nitrogen and potassium. Phosphatic fertilizers are used on a diversity of crops such as vegetables, oilseeds, grains and fruits.
The phosphate fertilizers demand is growing due to the increasing world population and rising food demand. Growing milk and meat consumption has demanded large feed volume that in turn has augmented the demand for maximum forage production. Growth in poultry industry as well as pork business owing growing meat feeding and alertness of nutritious food to cattle is expected to drive phosphate fertilizers market size over the forecast period. High cost of production is the major restrain for the market growth.
Middle-East and Africa Phosphatic Fertilizers Market - By Type:
Diammonium Phosphate (DAP)
Middle-East and Africa Phosphatic Fertilizers Market - By Application:
Superphosphate type is in great demand due to its advantages over other phosphate types. Phosphates are mainly used in fruits and vegetables to mark the need of phosphates in the body.
The Market is Geographically divided into:
Middle-East and Africa:
The key consumers of fertilizers in this region are Brazil and Argentina. In fact, Brazil is one of the biggest consumers of fertilizers in the world.
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