The
global phosphate fertilizers market size is expected to
reach USD 78.06 billion by 2025, according to a new report by Grand View
Research, Inc, registering a 5.1% CAGR therein. Increasing population and
demand for diverse food has been a key factor driving market growth. In
addition, limited availability of ploughed land and increasing meat consumption
all over the world is fueling the demand for phosphate fertilizers over the
forecast period.
Phosphate
is one of the three primary nutrients needed for plants to grow to their full
potential. It is essential for normal plant growth, absorption of sun’s energy,
and converting it to useful plant compounds. Several phosphate fertilizers are
used to meet the phosphorous (P) requirements of plants. It helps create strong
roots and stems, provides resistance to disease, and increases productivity.
Phosphate
is an important fertilizer input used in agricultural production. These include
different types of fertilizers such as superphosphate, monoammonium phosphate
(MAP), and diammonium phosphate (DAP) products. Fluctuating energy prices are
the main cause of price volatility in phosphate fertilizers. Transportation
costs, policy decisions, exchange rates, and other uncontrollable factors are
other key factors affecting global trading of fertilizer products.
The
phosphate fertilizers market is consolidated in nature and comprises few global
and regional players. Major players have strong distribution networks and
different brands in the global market. Several key participants are conducting
research and development activities to manufacture cost-effective and organic
phosphate fertilizer products to meet the needs of the market.
Browse full
research report on Phosphate Fertilizers Market: www.grandviewresearch.com/industry-analysis/phosphate-fertilizers-market
Further
key findings from the report suggest:
- The global phosphate fertilizers market was
valued at USD 51.6 billion in 2016 and is expected to expand at a CAGR of
5.1% from 2017 to 2025
- In terms of volume, cereals and grains emerged
as the largest application segment in 2016 and is expected to expand at a
CAGR of 3.2% between 2017 and 2025
- Revenue generated by diammonium phosphate (DAP)
fertilizer was valued at USD 15.5 billion in 2016 and is anticipated to
witness significant growth over the forecast period
- In terms of volume, the application of
phosphate fertilizers in cereals and grains in India was pegged at 2,976.7
kilo tons in 2016 and is projected to rise at CAGR of 4.6% from 2017 to
2025
- The phosphate fertilizers market in Asia
Pacific is projected to experience significant growth over the forecast
period owing to increasing population and diversified demand of food,
especially in the cereals and grains and fruits and vegetables segments.
In terms of revenue, the APAC market is expected to expand at a CAGR of
5.5% between 2017 and 2025
- Key players such as Eurochem Group AG, Agrium
Inc.; Potash Corp. of Saskatchewan Inc.; Yara International ASA; CF
Industries Holdings Inc.; Israel Chemicals Ltd.; Coromandel International
Ltd.; The Mosaic Co.; S.A OCP; and PJSC PhosAgro dominated the global
market.
Browse more
reports of this category by Grand View Research: www.grandviewresearch.com/industry/agrochemicals-and-fertilizers
Grand View Research has segmented the global phosphate fertilizers market
on the basis of product, application, and region:
Phosphate
Fertilizers Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 -
2025)
- Monoammonium
Phosphate (MAP)
- Diammonium
Phosphate (DAP)
- Superphosphate
- Others
Phosphate
Fertilizers Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014
- 2025)
- Cereals
& Grains
- Oilseeds
- Fruits
& Vegetables
- Others
Phosphate
Fertilizers Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 -
2025)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Asia
Pacific
- China
- India
- Indonesia
- Central
& South America
- Brazil
- Argentina
- Middle
East & Africa
- South
Africa
- Morocco
Access
Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-phosphate-fertilizers-market
About Grand
View Research:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.





