Share on

North America Phosphatic Fertilizers Market By Type (Diammonium Phosphate (DAP), Monoammonium Phosphate (MAP), Superphosphate And Others), By Application (Grains & Oilseeds, Fruits & Vegetables And Others), And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts | 2022 to 2027.

Published: January, 2022
ID: 862
Pages: 145
Formats: report pdf report excel report power bi report ppt

North America Phosphatic Fertilizers Market Size, Growth, Trends and Forecast:

North America Phosphatic Fertilizers Market was worth $14.19 billion in 2021 and estimated to be growing at a CAGR of 2.7%, to reach $16.22 billion by 2026.

The North American phosphatic fertilizer industry is estimated to grow at a sturdy rate. The factors assisting the growth are economic development, input-output prices and potential for agriculture sector. Phosphorus is the 11th richest element in the earth’s crust. Nevertheless, the soil from which plants attain phosphorus comprises of only minor amounts of it. There is no other alternate for phosphorus in agriculture. Hence, phosphatic Fertilizers are used to complete the shortages in the soil so that it can supply essential phosphates to the plants.  

North America Phosphatic Fertilizers Market Drivers:

High population progression directing to food security concern over the North America region together with growing need of enhanced field production largely drive the phosphatic fertilizers market growth. Apart from human utilization the grains are also in demand for generating animal feed for the meat industry. The augmented demand can only be met by growing the agricultural production, which can be attained by use of fertilizers for grain production. Resistance of farmers to take a shift towards costly fertilizers is a major factor hindering the growth of the market.

The North America Phosphatic Fertilizers Market is segmented and sub-segmented into following categories:

North America Phosphatic Fertilizers Market - By Type:

  • Diammonium Phosphate (DAP)

  • Monoammonium Phosphate (MAP)
  • Superphosphate
  • Others

North America Phosphatic Fertilizers Market - By Application:

  • Grains & Oilseeds
  • Fruits & Vegetables
  • Others

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:

North America:

  • USA
  • Canada

USA sustained the first position in terms of revenue for phosphatic fertilizers use followed by Canada. USA is also expected to grow at highest CAGR in the forecast period.

Key Players:

  • CF Industries Holdings Inc. (U.S.)
  • OCP (Morocco)
  • Agrium Inc., (Canada)
  • Potash Corp. of Saskatchewan (Canada)
  • Mosaic (U.S.)
  • Eurochem (Russia)
  • ICL (Israel)
  • Yara International ASA (Norway)
  • Coromandel International Ltd. (India)
  • Phosagro (Russia)

Please wait. . . . Your request is being processed

Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2000

Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM

Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!

REACH OUT TO US

Call us on: +1 888 702 9696 (U.S Toll Free)

Write to us: sales@marketdataforecast.com

Click for Request Sample