Phosphatic Fertilizers Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Phosphatic Fertilizers Market

The global phosphatic fertilizers market size was valued at USD 62.24 billion in 2018 and is projected tgrow tUSD 83.28 billion by 2026, exhibiting a CAGR of 3.80% during the forecast period of 2024-2032.

The COVID-19 pandemic extensively impacted the Phosphatic Fertilizers Market by disrupting global supply chains, leading tuncooked fabric shortages and manufacturing delays. Lockdowns and exertions shortages affected production capabilities, while reduced agricultural sports in a few regions led ta brief decline in phosphatic fertilizers market growth.

The Phosphatic Fertilizers Market is, on the whole, driven by the developing global populace and the ensuing boom in the call for meal manufacturing. The need for more suitable crop yield tfulfill the dietary wishes of an increasing population fuels the demand for phosphatic fertilizers.

The phosphatic fertilizers marketplace is experiencing a boom pushed by the growing international demand for food and the want tdecorate crop yields. Key traits encompass improving inexperienced and sustainable manufacturing strategies, specializing in precision agriculture and nutrient control tlessen environmental results, and the growing adoption of sluggish-launch fertilizers tmaximize nutrient usage and reduce nutrient runoff, expanding phosphatic fertilizers market share globally.

Comprehensive Analysis of Phosphatic Fertilizers Market

The Phosphatic Fertilizers Market is segmented by type and crop kind. In terms of kind, diammonium phosphate (DAP) is predicted tdominate the marketplace due tits immoderate phosphate content material (46%) and awesome solubility, which makes it quite potent for crops like barley, wheat, culmination, and vegetables. The increasing call for ammonium phosphate (MAP) is pushed via its lower ammonia toxicity than DAP, enhancing plant growth. Triple superphosphate, diagnosed for its affordability and flexibility in numerous soils, is likewise gaining demand, mainly with the upward thrust of sprinkler and drip irrigation systems. By crop type, the cereals segment is anticipated tdominate, driven by the growing global population's name for staple meals, at the same time as the increasing calls for results, vegetables, and high-rate plant life in addition bolstered using phosphatic fertilizers.

The North America region led the phosphatic fertilizers market by benefitting a size of USD 7.54 billion in 2018 due tthe increasing consciousness and adoption of crop nutrients products through farmers inside the area tenhance crop satisfaction growth is expected tbe supported.

The leading players in the phosphatic fertilizers market significantly shape its growth trajectory and establish industry standards. These key players, including Yara International ASA (Norway), Israel Chemicals Ltd. (Israel), The Mosaic Company (U.S.), CF Industries Holdings, Inc. (U.S.), Coromandel International Limited (India), The OCP Group (Morocco), PhosAgrPJSC (Russia), Sociedad Química y Minera de Chile S.A. (Chile), Nutrien Ltd. (Canada), and Koch Industries, Inc. (U.S.), contribute ta competitive landscape, driving innovation and advancements in the market.

In July 2021, Fertoz Ltd., an Australian organic phosphate company, revealed three new products tenhance their existing range. These additions include Phosul LLC, Nutrient Vigour Plus 2-4-4-2, and Humic Growth Solutions. Fertoz's products are authorized for use in countries such as the USA and Canada.

Segmentation Table

ATTRIBUTE DETAILS

Study Period - 2015-2026

Base Year - 2018

Forecast Period - 2019-2026

Historical Period - 2015-2017

Unit - Value (USD Billion)

Segmentation By Type

• Diammonium Phosphate (DAP)
• Monoammonium Phosphate (MAP)
• Single Superphosphate
• Triple Superphosphate
• Others

By Crop Type

• Cereals
• Pulses & Oilseeds
• Fruits & Vegetables
• Others

By Geography

• North America (U.S., Canada, and Mexico)
• Europe (Germany, France, Italy, Spain, U.K., Russia, and Rest of Europe)
• Asia-Pacific (China, India, Japan, Australia, and Rest of Asia- Pacific)
• South America (Brazil, Argentina, and Rest of South America)
• Middle East & Africa (South Africa, UAE, and Rest of Middle East & Africa)

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