Phosphate Fertilizer Market Size, Share, Demand and Trends by 2022-2032
The phosphate fertilizers market is expected to observe growth at a CAGR of 5.5% and touch valuation of USD 105.27 bn by 2032, while it holds a revenue of USD 65.02 Bn in 2022.
Phosphate fertilizer helps the whole plant growth and
development including the ripening of seed and fruit. Demand for phosphate
fertilizer is attributed to factors like factors shifting from traditional
fertilizers to smart fertilizers.
Growing agriculture producers that are used as
fertilizers around the world coupled with their use on various grains to
enhance the quality and improve the growth while promoting the root growth are
fueling the sales of phosphate fertilizer in new markets.
Other factors that trigger the sales of phosphate
fertilizer are rising with the farming and irrigation technologies getting
advanced with the latest farming trends. This advanced approach is there
because of the decline in global crop production due to the changing climate
and poor soil quality., pushing the sales of phosphate fertilizer.
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Key Takeaways from Market Study
- According
to the phosphate fertilizer market analysis for the years 2022 to 2032,
monoammonium phosphate is dominating the product segment and holds more
than 31.0% of the share, attributing to the low costs of MAP and the high
level of phosphorus content in it, flourishing the demand for phosphate
fertilizers.
- The
cereal & grains segment holds 46% of the global revenue in the
phosphate fertilizer market, owing to the growth of population demanding
more and more crop production for cereal & grains, thriving the sales
of phosphate fertilizer.
- Asia
Pacific region holds the biggest share in phosphate fertilizer market,
holding the more than 61% share of the global market, attributing to the
agarin countries like India and China coupled with government investments
into agricultural research and development, expanding the phosphate
fertilizer market size globally.
“Phosphate fertilizer market report
suggests that the global market is taking a turn as new organic movements are
pushing the farmers and agricultural industry to opt for organic methods
including organic fertilizers or methods. Agricultural strategy has been
including organic content more than ever” says a
Future Market Insights analyst.
Competitive Landscape
Key manufacturers of phosphate fertilizers are
emphasizing research & development to offer better, effecting and more
organic content holding product. Key players are working together and
developing new product lines to enter unapproached market places. New market
players also expand the research and development chains to make the product
more effective and soil friendly, fueling the demand for phosphate fertilizers.
- Agrium
and PotashCorp came together to combine their talent and best practices to
build a new company Nutrien Ltd. that is stronger and better equipped to
create value for all their stakeholders, fuelling the sales of phosphate
fertilizers.
- Proagro
Group of Companies are expanding the production of its feed phosphates and
fertilizers by forecast rate of 25%, accounting for 11.7 million tonnes of
the product by 2025.
- Recently,
The OCP Group introduced the plans to develop green ammonia as sustainable
raw material for use in fertilizers production, pushing the demand or
phosphate fertilizers.
Phosphate Fertilizer Market by
Segmentation
By Product:
- Monoammonium
Phosphate (MAP)
- Diammonium
Phosphate (DAP)
- Single
Superphosphate (SSP)
- Triple
Superphosphate (TSP)
By Application:
- Cereals
& Grains
- Oilseeds
& Pulses
- Fruits
& Vegetables
By Region:
- North
America
- Latin
America
- Europe
- East
Asia
- South
Asia
- Oceania
- Middle
East and Africa
Table
of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope /
Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in
Optimistic Scenario
3.2.2. Demand in Likely
Scenario
3.2.3. Demand in
Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side
Participants and their Roles
3.5.1.1.
Producers
3.5.1.2.
Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3.
Wholesalers and Distributors
3.5.2. Value Added and
Value Created at Node in the Supply Chain
3.5.3. List of Raw
Material Suppliers
3.5.4. List of Existing
and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin
Analysis
3.7.2. Wholesalers and
Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption
Statistics
3.12. Import and Export Statistics
4. Global Phosphate Fertilizer Market
Analysis 2017-2021 and Forecast, 2022-2032
To be continued…!
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