Global Phosphate Fertilizer Market Size, Outlook, Sector / Industry Report & Analysis, 2025 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Phosphate Fertilizer Market


The global phosphate fertilizer market size was estimated at USD 51.6 billion in 2016. Increasing global population, meat consumption, and diversified food demand is anticipated to drive this market. In addition, limited availability of arable land is likely to fuel demand over the forecast period.
Rising demand for cereals and grains on account of rapidly increasing population across the globe is anticipated to support the growth of phosphate fertilizers over the coming years. In order to meet the soaring demand for food in keeping with limited availability of arable land, crop yield can be increased with help of phosphate fertilizers.
 
Phosphate is a primary nutrient needed by plants to grow to their full potential. It is essential to normal plant growth, especially for the absorption of the sun’s energy and converting it to useful plant compounds. Several phosphate fertilizers are used to meet the phosphorous (P) requirement in plants. It helps create strong roots, stems, resistance to disease, and a productive plant.
Usage of phosphorous in chemical fertilizers and feed supplements enhances the soil’s nutrition. Use of fertilizers in agriculture is one of the key land management practices that substantially increases crop yield and soil fertility. As a critical component of ‘green revolution’, phosphate fertilizers have contributed considerably in raising agricultural productivity and reducing hunger worldwide. Farmers treat their lands with phosphorus fertilizers to increase the yield of their crops. However, a large amount of this resource is lost from farm fields through soil erosion and runoff and down-swirling toilets.
On the down side, stringent private and government regulations in various countries is posing a challenge to industry growth. Nutrients such as nitrogen and phosphorous are naturally occurring elements for plant growth; however, increased levels of these nutrients can impact freshwater resources such as lakes, rivers, and streams. Sewage discharges and fertilizer runoff containing phosphorous contribute to increased nutrient water levels. High concentrations of phosphorous or nitrogen in freshwater resources can lead to excessive aquatic plant and algae growth. It can cause algae blooms, reduce water quality, and deplete oxygen levels, thereby stressing or killing aquatic life.

Market Segmentation, Outlook & Viewpoint: Global Phosphate Fertilizer Market


Product Market Segmentation & Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

Monoammonium Phosphate (MAP)

Diammonium Phosphate (DAP)

Superphosphate

Others


Application Market Segmentation & Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

Cereals & Grains

Oilseeds

Fruits & Vegetables

Others


Key Players, Recent Developments & Regional Insights: Global Phosphate Fertilizer Market


Diammonium phosphate (DAP) fertilizers is a major cropping fertilizer as it is a key source of nitrogen and phosphorus. It is widely used for a range of crops in broad-acre farming, cereals, sugarcane, sowing pastures, dairy pastures, fodder crops, and horticultural crops. DAP is a cost-effective source of nitrogen for crops.
In terms of revenue, the monoammonium phosphate (MAP) fertilizer segment was estimated at USD 10.3 billion in 2016 and is anticipated to register a CAGR of 4.7% from 2017 to 2025. MAP is a water-soluble phosphate fertilizer, extensively used as a source of nitrogen (N) and phosphorous (P).
MAP is a highly efficient source of nitrogen and phosphorous for plants and crops during early stages of the growth cycle. Its water solubility and high purity make MAP an ideal fertilizer for fertigation and foliar applications. It also facilitates plant uptake of phosphorous naturally present in the soil.
Application Insights
Cereals and grains formed the largest application segment in 2016 and this trend is anticipated to continue over the forecast period. Presence of large population in countries such as India and China is anticipated to fuel demand for cereals and grains in order to cater to the soaring food demand in the region. This, in turn, will fuel the demand for phosphate fertilizers over the forecast period.
Gardeners and farmers normally add supplemental phosphate fertilizers to the soil to increase crops’ ability to absorb soil phosphorus. Phosphorous is required for root development, fruiting, and stem formation in vegetables like tomatoes, peppers, melons, squash, and cucumbers. As garden vegetables grow, they undergo intensive processes to absorb nutrients from the soil. Adding fertilizers keeps the soil in optimum shape to feed the garden and also helps plant growth and development.

Regional Insights
Asia Pacific and Central & South America are providing ample opportunity to the global market for phosphate fertilizers and are expected to grow at a considerable rate over the forecast period. In terms of volume, Asia Pacific held the largest market share in 2016, capturing 59.1% of the global market. Presence of large population in countries such as China and India is increasing demand for diversified food, which will eventually boost demand for phosphate fertilizers over the forecast period. India is the second largest consumer and largest importer of diammonium phosphate (DAP) fertilizers.
 
The market for phosphate fertilizers in Central and South America was dominated by Brazil, followed by Argentina and other countries such as Columbia and Chile. Rising population and changing dietary patterns have fueled the demand for food products in the region, which in turn, will drive the demand for phosphate fertilizers over the forecast period.
Phosphate Fertilizers Market Share Insights 
The global market competition is highly intensive and relatively integrated, with the presence of limited key players capturing a major revenue share in 2016. Key participants include 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.
Improving global economy, population growth, and better living standards have promoted the demand for more sophisticated food products, improved industrial products, and production technologies. This, in turn, is driving the global phosphate fertilizers market. In addition, key players are manufacturing products using phosphate additives for a wide range of food applications.

Key Insights Covered: Global Phosphate Fertilizer Market
1.  North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Phosphate Fertilizer industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Phosphate Fertilizer industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Phosphate Fertilizer industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Phosphate Fertilizer industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Phosphate Fertilizer industry.

Research Methodology: Global Phosphate Fertilizer Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
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