Phosphate Fertilizers Market Is Expected To Record A CAGR Of 5.1% From 2017 To 2025: Grand View Research, Inc.

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According to report published by Grand View Research, 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 market over the forecast period.

According to a report, “Global Phosphate Fertilizers Market Outlook By Product (Monoammonium Phosphate, Diammonium Phosphate, Superphosphate), By Application (Cereals & Grains, Oilseeds, Fruits & Vegetables), And Segment Forecasts, 2018 – 2025”, published by Grand View Research, Inc.; The global phosphate fertilizers market size is expected to reach USD 78.06 billion by 2025, registering a 5.1% CAGR therein. 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.

Key Takeaways from the report:

  • 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

  • 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.

China phosphate fertilizers market revenue, by application, 2014 - 2025 (USD Million)

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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.

Global phosphate fertilizers market, by region, 2016 (%)

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. 

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

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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