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Global Phosphatic Fertilizers Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report - Segmented By Type (Diammonium Phosphate (DAP), Monoammonium Phosphate (MAP), Superphosphate And Others), Application (Grains & Oil seeds, Fruits & Vegetables And Others), And Region (North America, Europe, APAC, Latin America, Middle East And Africa) – Industry Analysis From 2024 To 2029

Published: March, 2023
ID: 861
Pages: 175
Formats: report pdf report excel report power bi report ppt

Global Phosphatic Fertilizers Market Size (2024 to 2029)

The global phosphatic fertilizers market is estimated to grow from USD 68.41 billion in 2024 to USD 81.25 billion by 2029, growing at a CAGR of 3.5% from 2024 to 2029. The phosphate fertilizers are commercially mass-produced with the help of phosphate rock. Hence, the demand for phosphate rock is also predicted to witness significantly high growth in the coming years. Phosphate is a crucial element for the progression of various crops due to its capabilities in the growth of seeds and roots and for the development of plants. Modern farming is such that it relies highly on phosphate fertilizers because of its aptitude to maximize grain and forage manufacture.

The global demand for phosphate fertilizers is anticipated to observe a speedy growth due to the increasing demand for food and the ever-growing world population. Increasing consumption of meat and milk has directed towards an upsurge in demand for forage production, which has contributed to the growth in the phosphate fertilizer market. Governments execute regulations on account of phosphate rock being a non-renewable resource. So there can be a few barriers because of its accessibility acting as a restraint for this market.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

CAGR

3.5%

Segments Covered

By Type, Application, And Region

Various Analyses Covered

Global, Regional and Country Level Analysis; Segment-Level Analysis; DROC; PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

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)

  

This research report on the global phosphatic fertilizer market has been segmented and sub-segmented based on type, application, and region. 

Global Phosphatic Fertilizer Market - By Type:

  • Diammonium Phosphate (DAP)
  • Monoammonium Phosphate (MAP)
  • Superphosphate and Others

Global Phosphatic Fertilizer Market - By Application:

  • Grains & Oilseeds
  • Fruits & Vegetables and Others

The 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 for phosphates in the body.

Global Phosphatic Fertilizer Market – By Region:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle-East and Africa

The Asia Pacific is the fastest-growing market for phosphate fertilizers, with China being the largest producer. The manufacturer is likely to grow further over the next few years due to the increasing population in the region and the growing demand for food. North America remains to be one of the largest providers of phosphate fertilizers.

KEY MARKET PLAYERS:

Major Key Players in the global phosphatic fertilizer market are 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). 

 

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FAQ's

1. What are the benefits of using phosphatic fertilizers?

Phosphatic fertilizers provide essential phosphorus to plants, which is crucial for healthy root growth, energy transfer, and flower and fruit development. They can help increase crop yields and improve overall plant health.

2. What are the key trends in the phosphatic fertilizers market?

Some key trends in the phosphatic fertilizers market include increasing demand for high-analysis phosphatic fertilizers, growing adoption of precision agriculture techniques, and developing innovative phosphatic fertilizer products.

3. What are some challenges facing the phosphatic fertilizers market?

Some challenges facing the phosphatic fertilizers market include environmental concerns related to phosphorus runoff and water pollution, volatility in raw material prices, and regulatory restrictions on fertilizer use.

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