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The size of the global phosphate fertilizer market was estimated at USD 61.59 billion in 2022 and is anticipated to increase by USD 101.19 billion by 2030, at a CAGR of 6.68% over the forecast period (2023-2030), from USD 65.09 billion in 2023.
The need to maximize agricultural yields on constrained arable land and the growing global population, which both increase the demand for food production, are two reasons that are driving this market. As a result of issues like runoff pollution's negative effects on the environment and the depletion of phosphate sources, more sustainable methods and creative solutions are now the norm.
The market is being shaped by trends including precision agriculture, alternate phosphorus sources, and digital tools. Due to their substantial agricultural activity, Asia-Pacific and North America are key producers and consumers regionally, whereas Europe's emphasis on environmental legislation affects fertilizer use. The market is evolving in a way that requires constant innovation and adaptation because it must strike a careful balance between satisfying agricultural needs and upholding environmental responsibility. Please be aware that this study is based on data as of September 2021, and events that have occurred since then may have had an impact on the market dynamics.
As the world's population continues to rise and requires more food to feed itself, there is an increasing demand for tools and equipment that are efficient in agricultural production. Compound phosphatic fertilizers (DAP/MAP or NPK), for example, are in great demand due to the considerable loss of arable land and agricultural production area worldwide. Growing sprinkler or drip irrigation use and expanding agricultural and irrigation technology innovation are expected to sustain the market CAGR for phosphatic fertilizers in the approaching years. Additionally, more phosphorus is lost with each harvest than the soil can replenish naturally, necessitating the input of extra phosphorus fertilizers to the soil in the proper amounts. Maintaining and replenishing soil minerals like nitrogen and phosphate is essential for increasing agricultural output and crop development. For easy plant uptake and assimilation, commercial fertilizers contain phosphorus that is exceptionally soluble. Effective phosphorous fertilizer management is crucial for growing robust yields, cultivating healthy plants, and managing a successful farm business.
The growing demand for food due to an expanding worldwide population is driving up phosphate demand on a global scale. In the upcoming years, it is anticipated that the rise in raw material prices brought on by increased expenditures in new mine capacity expansions would persist. Consequently, the cost of raw materials is affected globally by growing mining activity prices. The value of employing the product in agricultural output is increasingly being recognized by emerging economies all over the world. The use of phosphate fertilizers to increase crop yields is supported by the governments of significant agrarian economies like Brazil and India. This has prompted local business owners and farmers in these nations to expand their consumption of phosphate suitable for fertilizer.
Numerous international enterprises that deal with the agriculture industry, agricultural inputs, fertilizers, etc. have been severely hit by the COVID-19 pandemic. Since the bulk of the Asia Pacific region's nations have agrarian economies, any slowdown in their agricultural activities or brief halts in their cross-border commerce have a substantial effect on the overall operations of agricultural businesses and farmers working in the region.
The increase in population and disposable income has increased people's ability to purchase expensive goods like ornamental and cash crops. Additionally, due to their capacity to increase plant production and efficiency, phosphate fertilizer chemicals have been widely adopted by the agricultural and horticultural sectors of the economy. During the anticipated period, these elements are anticipated to boost the market's growth for phosphate fertilizer. The market's expansion is, however, constrained by the availability of specialized phosphate fertilizer replacements, such as guano, guano blends, and MAP fertilizer. Additionally, according to evidence cited by Science Daily, microorganisms from soil with a high phosphate content might have a detrimental impact on plant production in addition to causing poorer plant performance. This factor is anticipated to limit market expansion within the anticipated time frame.
Report Coverage
Global Phosphate Fertilizer research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Phosphate Fertilizer report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Phosphate Fertilizer competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Phosphate Fertilizer market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Phosphate Fertilizer market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Phosphate Fertilizer market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
icl, APEX AGRO INDUSTRIES, Nutrien Ltd., Silverline, Rama Phosphates Ltd., Gayatri Fertiplants International Pvt. Ltd, ocp, Indorama Corporation, Green Agri Solution, PhosAgro Group, Yara International - Norway, The Mosaic Company - United States, OCP Group - Morocco, EuroChem Group - Switzerland, CF Industries Holdings - United States, PhosAgro - Russia, Coromandel International - India, Agrium (Now Part of Nutrien) - Canada, K+S Group - Germany, Jordan Phosphate Mines Company - Jordan, Israel Chemicals Ltd. (ICL) - Israel, Potash Corporation of Saskatchewan (Now Part of Nutrien) - Canada, Haifa Group - Israel, J.R. Simplot Company - United States, Gujarat State Fertilizers & Chemicals - India, Saudi Arabian Mining Company (Ma'aden) - Saudi Arabia, Ballance Agri-Nutrients - New Zealand, Itafos - United States
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Phosphate Fertilizer market based on the below-mentioned segments:
Global Phosphate Fertilizer Market, By Type
Single Superphosphate SSP
Triple Superphosphate TSP
Monoammonium Phosphate MAP
Di Ammonium Phosphate DSP
Others
Global Phosphate Fertilizer market, By Application
Cereals and grains
Fruits and vegetables
Oilseeds and pulses
Global Phosphate Fertilizer market, Regional Analysis
The need to maximize agricultural yields on constrained arable land and the growing global population, which both increase the demand for food production, are two reasons that are driving this market. As a result of issues like runoff pollution's negative effects on the environment and the depletion of phosphate sources, more sustainable methods and creative solutions are now the norm.
The market is being shaped by trends including precision agriculture, alternate phosphorus sources, and digital tools. Due to their substantial agricultural activity, Asia-Pacific and North America are key producers and consumers regionally, whereas Europe's emphasis on environmental legislation affects fertilizer use. The market is evolving in a way that requires constant innovation and adaptation because it must strike a careful balance between satisfying agricultural needs and upholding environmental responsibility. Please be aware that this study is based on data as of September 2021, and events that have occurred since then may have had an impact on the market dynamics.
As the world's population continues to rise and requires more food to feed itself, there is an increasing demand for tools and equipment that are efficient in agricultural production. Compound phosphatic fertilizers (DAP/MAP or NPK), for example, are in great demand due to the considerable loss of arable land and agricultural production area worldwide. Growing sprinkler or drip irrigation use and expanding agricultural and irrigation technology innovation are expected to sustain the market CAGR for phosphatic fertilizers in the approaching years. Additionally, more phosphorus is lost with each harvest than the soil can replenish naturally, necessitating the input of extra phosphorus fertilizers to the soil in the proper amounts. Maintaining and replenishing soil minerals like nitrogen and phosphate is essential for increasing agricultural output and crop development. For easy plant uptake and assimilation, commercial fertilizers contain phosphorus that is exceptionally soluble. Effective phosphorous fertilizer management is crucial for growing robust yields, cultivating healthy plants, and managing a successful farm business.
The growing demand for food due to an expanding worldwide population is driving up phosphate demand on a global scale. In the upcoming years, it is anticipated that the rise in raw material prices brought on by increased expenditures in new mine capacity expansions would persist. Consequently, the cost of raw materials is affected globally by growing mining activity prices. The value of employing the product in agricultural output is increasingly being recognized by emerging economies all over the world. The use of phosphate fertilizers to increase crop yields is supported by the governments of significant agrarian economies like Brazil and India. This has prompted local business owners and farmers in these nations to expand their consumption of phosphate suitable for fertilizer.
Numerous international enterprises that deal with the agriculture industry, agricultural inputs, fertilizers, etc. have been severely hit by the COVID-19 pandemic. Since the bulk of the Asia Pacific region's nations have agrarian economies, any slowdown in their agricultural activities or brief halts in their cross-border commerce have a substantial effect on the overall operations of agricultural businesses and farmers working in the region.
The increase in population and disposable income has increased people's ability to purchase expensive goods like ornamental and cash crops. Additionally, due to their capacity to increase plant production and efficiency, phosphate fertilizer chemicals have been widely adopted by the agricultural and horticultural sectors of the economy. During the anticipated period, these elements are anticipated to boost the market's growth for phosphate fertilizer. The market's expansion is, however, constrained by the availability of specialized phosphate fertilizer replacements, such as guano, guano blends, and MAP fertilizer. Additionally, according to evidence cited by Science Daily, microorganisms from soil with a high phosphate content might have a detrimental impact on plant production in addition to causing poorer plant performance. This factor is anticipated to limit market expansion within the anticipated time frame.
Report Coverage
Global Phosphate Fertilizer research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Phosphate Fertilizer report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Phosphate Fertilizer competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Phosphate Fertilizer market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | icl, APEX AGRO INDUSTRIES, Nutrien Ltd., Silverline, Rama Phosphates Ltd., Gayatri Fertiplants International Pvt. Ltd, ocp, Indorama Corporation, Green Agri Solution, PhosAgro Group, Yara International - Norway, The Mosaic Company - United States, OCP Group - Morocco, EuroChem Group - Switzerland, CF Industries Holdings - United States, PhosAgro - Russia, Coromandel International - India, Agrium (Now Part of Nutrien) - Canada, K+S Group - Germany, Jordan Phosphate Mines Company - Jordan, Israel Chemicals Ltd. (ICL) - Israel, Potash Corporation of Saskatchewan (Now Part of Nutrien) - Canada, Haifa Group - Israel, J.R. Simplot Company - United States, Gujarat State Fertilizers & Chemicals - India, Saudi Arabian Mining Company (Ma'aden) - Saudi Arabia, Ballance Agri-Nutrients - New Zealand, Itafos - United States |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Phosphate Fertilizer Market from 2021 to 2030.
- Market Forecast for Phosphate Fertilizer Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Phosphate Fertilizer competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Phosphate Fertilizer
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Phosphate Fertilizer market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Phosphate Fertilizer market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
icl, APEX AGRO INDUSTRIES, Nutrien Ltd., Silverline, Rama Phosphates Ltd., Gayatri Fertiplants International Pvt. Ltd, ocp, Indorama Corporation, Green Agri Solution, PhosAgro Group, Yara International - Norway, The Mosaic Company - United States, OCP Group - Morocco, EuroChem Group - Switzerland, CF Industries Holdings - United States, PhosAgro - Russia, Coromandel International - India, Agrium (Now Part of Nutrien) - Canada, K+S Group - Germany, Jordan Phosphate Mines Company - Jordan, Israel Chemicals Ltd. (ICL) - Israel, Potash Corporation of Saskatchewan (Now Part of Nutrien) - Canada, Haifa Group - Israel, J.R. Simplot Company - United States, Gujarat State Fertilizers & Chemicals - India, Saudi Arabian Mining Company (Ma'aden) - Saudi Arabia, Ballance Agri-Nutrients - New Zealand, Itafos - United States
Primary Target Market
- Market Players of Phosphate Fertilizer
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Phosphate Fertilizer market based on the below-mentioned segments:
Global Phosphate Fertilizer Market, By Type
Single Superphosphate SSP
Triple Superphosphate TSP
Monoammonium Phosphate MAP
Di Ammonium Phosphate DSP
Others
Global Phosphate Fertilizer market, By Application
Cereals and grains
Fruits and vegetables
Oilseeds and pulses
Global Phosphate Fertilizer market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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