Phosphate Fertilizer Market to Register CAGR of Over 5.5%


NEWARK, Del, 08 Jul. 2022 (GLOBE NEWSWIRE) — The phosphate fertilizer market is expected to witness growth at a CAGR of 5.5% and touch USD valuation 105.27 billion by 2032, while holding an income of USD 65.02 Bn in 2022.

Phosphate fertilizer helps the growth and development of the whole plant, including seed and fruit maturation. The demand for phosphate fertilizers is attributed to factors such as the shift from traditional fertilizers to smart fertilizers.

Growing agricultural producers that are used as fertilizers around the world, coupled with their use on various cereals to improve quality and improve growth while promoting root growth, are fueling sales of phosphate fertilizers in new markets.

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Other factors that trigger phosphate fertilizer sales are increasing with agricultural and irrigation technologies advancing with the latest agricultural trends. This advanced approach is there due to the decline in global agricultural production due to climate change and poor soil quality, pushing the sales of phosphate fertilizers.

Key insights from market research

  • According to the Phosphate Fertilizer Market analysis for the years 2022 to 2032, monoammonium phosphate dominates the product segment and holds more than 31.0% of the share, attributing to the low costs of MAP and its high phosphorus content , flourishing the demand for phosphate fertilizers.
  • Cereals and grains segment holds 46% of global phosphate fertilizer market revenue, owing to growing population increasingly demanding production of cereals and grains, flourishing sales of phosphate fertilizers .
  • The Asia-Pacific region holds the largest phosphate fertilizer market share, holding more than 61% of the global market, attributing to agarine countries like India and China coupled with government investments in agricultural research and development , expanding the phosphate fertilizer market size globally.

“The phosphate fertilizer market report suggests that the global market is taking a turn as new organic movements drive farmers and the agricultural industry to switch to organic methods, including organic fertilizers or methods. The agricultural strategy has more than ever included organic content” says Future Market Insights analyst.

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Competitive landscape

Leading phosphate fertilizer manufacturers focus on research and development to deliver a higher quality, more effective and more organic product. Major players are working together and developing new product lines to enter unexplored markets. New market players are also expanding research and development chains to make the product more efficient and more soil-friendly, fueling the demand for phosphate fertilizers.

  • Agrium and PotashCorp have come together to combine their talent and best practices to create a new business Nutrien Ltd. stronger and better equipped to create value for all their stakeholders, fueling phosphate fertilizer sales.
  • Proagro Group of Companies is increasing the production of its food grade phosphates and fertilizers at an expected rate of 25%, representing 11.7 million tonnes of product by 2025.
  • Recently, OCP Group presented plans to develop green ammonia as a sustainable raw material to be used in fertilizer production, pushing the demand for phosphate fertilizers.

Phosphate Fertilizer Market By Segmentation

By product:

  • Monoammonium phosphate (MAP)
  • Diammonium phosphate (DAP)
  • Single Superphosphate (SSP)
  • Triple superphosphate (TSP)

Per application:

  • Cereals & Grains
  • Oil seeds and pulses
  • Fruits and vegetables

By region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

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1. Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply-side trends

1.4. Analysis of the technology roadmap

1.5. Analysis and recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limits

3. Market Context

3.1. Market dynamics

3.2. Scenario forecast

3.2.1. Demand in the optimistic scenario

3.3. Opportunity Map Analysis

3.4. Product life cycle analysis

3.5. Supply chain analysis

4. World Phosphate Fertilizer Market Analysis 2017-2021 and forecast, 2022-2032

4.1. Historical Market Size (USD Million) and Volume (Tons) Value Analysis, 2017-2021

4.2. Current and Future Value Projections of Market Size (USD Million) and Volume (Tons), 2022-2032

Comprehensive TOC of Phosphate Fertilizer Market Click here

About Future Market Insights Chemicals and Materials Division

The Chemicals and Materials team at Future Market Insights offers expert analysis, timely research, and strategic recommendations with the aim of providing authentic information and accurate results to help customers around the world. With a repository of over 100 reports and over a million data points, the team has been insightfully analyzing the industry in over 50 countries for over a decade. The team provides a brief analysis of key trends including the competitive landscape, profit margin, and research development efforts.

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Fertilizer Applicator Market Sales – The fertilizer applicator market is expected to grow over the forecast period, owing to technological advancements and the introduction of new fertilizer application equipment in the market. agricultural machinery.

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