Global Phosphate Fertilizers Market Analysis, 2024-2030

A fertilizer is any kind of material made of natural or syndetic origin which does not use liming materials. These are artificial phosphate fertilizers, which are used along with manure or compost to revitalize severely depleted the soil. They come under four basic categories namely, rock phosphates, superphosphates, ammonium phosphates and poly-phosphates. Uses of phosphate fertilizers are very vast. They are great for the plants as they are rich in phosphorous, and plants need phosphorous for their growth, so phosphate fertilizers are very effectively used for fast and proper growth of the plants and crops. They are used as fertilizers on soils with a pH level of 6 or less than that.

The report on global phosphate fertilizers market represent insight on current market scenario by conducting more than 340 hours of secondary and primary research. As per the report, the global phosphate fertilizers market has been pegged at US $ xxx billion for 2018; the said share is estimated to show a growth rate of xxx% CAGR. Thus, reaching the market value of US $ xxx billion by 2023.

These phosphate fertilizers could be used for long periods of time without affecting the quality of the soil. Thus, they are considered reliable and farmers could convincingly depend on the use of phosphate fertilizers. The phosphate fertilizers are 90 % soluble in water which makes it easy to apply them over the desired area or region. There are a few drawbacks of these fertilizers too which affect their growth prospects in the long run. Some gardeners and farmers apply these fertilizers in more than the required amount, and this leads to the death of plants or improper growth of the plants in some cases. It can even make conditions worse by leading to leaf chlorosis and harming the beneficial microorganisms present and living in the soil which is needed and is good for proper growth of the plants.

The market for phosphate fertilizers is expected to perform strongly all over the world as the population is increasing and this is going to increase the demand for food products significantly. Asia Pacific region, with its fast-growing population, is expected to lead the demand for phosphate fertilizers globally, followed by Europe and the US.

Agrium, Haifa Chemicals, ICL, Rural Liquid Fertilizers (RLF) and Yara International are some of the key companies in the global market for phosphate fertilizers.

Our Approach

The research process begins with the bifurcation of different market segments of global phosphate fertilizers market, followed by identification of factors affecting the growth each segment. Then, the market forecasts were built based on the input shared by the business leaders across phosphate fertilizers industry value chain. Market Krystal have conducted more than 40 interviews for this study, details of which are mentioned below:

By company type:

Manufacturers (35%), Suppliers (25%), Consumers (25%), Researchers (10%), Independent industry consultant (5%)

By geography:

North America (30%), Asia (45%), Europe (25%)

By designation:

Top level (40%), Operation level (35%), Mid-level (25%)

Contents of the report:

• Insight on the phosphate fertilizers industry dynamics
• Estimation of the current global phosphate fertilizers market size in terms of value and volume
• Global phosphate fertilizers market breakup based on type (monoammonium phosphate, diammonium phosphate, superphosphate), application (fruits & vegetables, oilseeds, cereals & grains) and geography (North America, Europe, Asia-Pacific, Middle-East, Africa, Latin America)
• Substantiated global phosphate fertilizers market forecast for the next five years
• Detailed analysis of the key companies operating across different nodes of phosphate fertilizers industry value chain