PUBLISHER: Persistence Market Research | PRODUCT CODE: 1408934
PUBLISHER: Persistence Market Research | PRODUCT CODE: 1408934
Phosphate Fertilizers Market by Product Type, End-Users, and Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2030
Persistence Market Research recently published a new report on the global phosphate fertilizers market. The report provides a detailed valuation of key market dynamics, such as the drivers, trends, opportunities, and restraints, along with detailed information about the market structure. This research report presents exclusive facts and figures about how the global phosphate fertilizers market will grow over the forecast period of 2023 to 2030.
The global market for phosphate fertilizers is projected to experience a Compound Annual Growth Rate (CAGR) of 5.3%, leading to a rise from US$54.6 billion in 2023 to US$78.4 billion by the year of 2030.
Key Insights
- Phosphate Fertilizers Market Size (2023E): US$54.6 billion
- Projected Market Value (2030F): US$78.4 billion
- Global Market Growth Rate (CAGR 2023 to 2030): 5.3%
- Historical Market Growth Rate (CAGR 2018 to 2022): 4.4%
Phosphate Fertilizers Market - Report Scope
Phosphate fertilizers are essential agricultural inputs that play a crucial role in enhancing crop yields and food security worldwide. They provide crops with vital phosphorus, a primary macronutrient that is essential for plant growth and development. As the global population continues to grow, the demand for phosphate fertilizers is expected to rise steadily, driven by the need to increase food production on shrinking arable land.
The market for phosphate fertilizers encompasses a diverse range of formulations, including diammonium phosphate (DAP), triple superphosphate (TSP), and single superphosphate (SSP), catering to the diverse needs of producers globally.
Several key factors impact the global phosphate fertilizer market. Population growth, escalating food demands, and the advancement of the agricultural sector are major contributors, driving the need for higher crop yields. Government initiatives advocating sustainable agricultural practices and the growing awareness of the importance of balanced fertilization further propel market expansion.
Market Growth Drivers for Phosphate Fertilizers:
The global demand for phosphate fertilizers is rising due to a growing emphasis on sustainable farming. With the need to produce more food for a growing population, sustainable agricultural practices are crucial. Phosphate fertilizers play a key role in enhancing soil fertility and boosting crop productivity, making them vital for sustainable farming.
A major reason for the increased demand for phosphate fertilizers is their ability to combat soil nutrient depletion. Regular farming depletes essential nutrients, especially phosphorous, harming soil fertility. Phosphate fertilizers replenish these nutrients, ensuring healthy soil and prolonged agricultural productivity.
Market Restraints
The phosphate fertilizer market faces challenges due to a limited supply of raw materials, mainly phosphorous obtained from politically sensitive areas with phosphate rock reserves. This vulnerability to disruptions from political instability, trade conflicts, or regulatory changes results in unpredictable prices and availability. Environmental sustainability concerns arise from traditional production methods, causing harm to the environment and aquatic ecosystems due to nutrient discharge and soil and water contamination from excessive fertilizer use. This raises doubts about the long-term sustainability of current agricultural practices and the potential for eutrophication.
Market Opportunities
The global phosphate fertilizers industry is booming due to rapid advancements in agricultural technology. Integrating digital agriculture and precision farming, using sensors and data analytics, optimizes phosphate fertilizer usage. This not only boosts harvest but also minimizes environmental impact by reducing wasted fertilizer. Furthermore, the adoption of artificial intelligence and IoT in agriculture creates new opportunities. Intelligent sensors provide real-time nutrient data, and AI algorithms offer predictive insights for proactive fertilizer adjustments, aligning with global efforts for sustainable farming practices.
Key Questions Answered in Report:
- Which region is anticipated to hold a prominent market share over the forecast period?
- What will be the key driving factors propelling the demand for phosphate fertilizers market during the forecast period?
- How will current trends impact the global phosphate fertilizers market?
- Who are the significant participants in the market?
- What are the crucial strategies of prominent players in the market to upscale their positions in this landscape?
Competitive Intelligence and Business Strategy
Key players like Yara International, Nutrien Ltd., The Mosaic Company, and OCP Group dominate the global phosphate fertilizers industry through strategies like vertical integration, expanding product portfolios, and strategic global positioning in agricultural hubs. These leaders prioritize market share through collaboration, sustainability, innovation, and international expansion, ensuring their strong foothold in the ever-evolving global market.
- Key Companies Profiled
- Eurochem Group AG
- Israel Chemicals Ltd.
- Coromandel International Ltd.
- Nutrien Ltd.
- PJSC PhosAgro.
- Yara International ASA
- The OCP Group
- JESA
- MIRA Organics and Chemicals PVT LTD
- Ma'aden
Phosphate Fertilizers Market Research Segmentation
Diammonium phosphate (DAP) is expected to lead the global phosphate fertilizer market due to its balanced nutrient composition, promoting plant growth. Monoammonium phosphate (MAP) is set for rapid growth, favored for its high phosphorous content and precision in nutrient application.
In terms of applications, cereals and grains dominate the market, driven by the constant demand for phosphate fertilizers in cultivating staple food crops. The oilseeds segment is anticipated to grow rapidly, meeting the rising demand for protein-rich seeds and vegetable oils.
Top regional markets include East Asia, with strong agricultural practices and high demand in China and India. South Asia and Oceania are poised for rapid expansion, driven by population growth, advanced agricultural practices, and government initiatives for food security and sustainability.
By Product Type:
- Monoammonium Phosphate (MAP)
- Diammonium Phosphate (DAP)
- Single Superphosphate (SSP)
- Triple Superphosphate (TSP)
- Others
By Application:
- Cereals and Grains
- Oilseeds
- Pulses and legumes
- Fruits and Vegetables
- Others
By Region:
- North America
- Europe
- East Asia
- South Asia & Oceania
- Latin America
- Middle East & Africa
Table of Contents
1. Executive Summary
1. Executive Summary
- 1.1. Global Phosphate Fertilizers Market Snapshot, 2023 and 2030
- 1.2. Market Opportunity Assessment, 2023 - 2030, US$ Mn
- 1.3. Key Market Trends
- 1.4. Future Market Projections
- 1.5. Premium Market Insights
- 1.6. Industry Developments and Key Market Events
- 1.7. PMR Analysis and Recommendations
2. Market Overview
- 2.1. Market Scope and Definition
- 2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
- 2.3. Product Type Lifecycle Analysis
- 2.4. Phosphate Fertilizers Market: Value Chain
- 2.4.1. List of Raw Material Supplier
- 2.4.2. List of Manufacturers
- 2.4.3. List of Distributors
- 2.4.4. List of Vehicle Types
- 2.4.5. Profitability Analysis
- 2.5. Porter Five Force's Analysis
- 2.6. Geopolitical Tensions: Market Impact
- 2.7. Macro-Economic Factors
- 2.7.1. Global Sectorial Outlook
- 2.7.2. Global GDP Growth Outlook
- 2.7.3. Global Parent Market Overview
- 2.8. Forecast Factors - Relevance and Impact
- 2.9. Regulatory and Technology Landscape
3. Global Phosphate Fertilizers Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)
- 3.1. Key Highlights
- 3.1.1. Market Volume (Units) Projections
- 3.1.2. Market Size and Y-o-Y Growth
- 3.1.3. Absolute $ Opportunity
- 3.2. Market Size (US$ Mn) Analysis and Forecast
- 3.2.1. Historical Market Size Analysis, 2013-2016
- 3.2.2. Current Market Size Forecast, 2018-2026
- 3.3. Global Phosphate Fertilizers Market Outlook: Product Type
- 3.3.1. Introduction / Key Findings
- 3.3.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Product Type, 2018 - 2022
- 3.3.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 3.3.3.1. Monoammonium Phosphate (MAP)
- 3.3.3.2. Diammonium Phosphate (DAP)
- 3.3.3.3. Single Superphosphate (SSP)
- 3.3.3.4. Triple Superphosphate (TSP)
- 3.3.3.5. Others
- 3.4. Market Attractiveness Analysis: Product Type
- 3.5. Global Phosphate Fertilizers Market Outlook: Application
- 3.5.1. Introduction / Key Findings
- 3.5.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Application, 2018 - 2022
- 3.5.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 3.5.3.1. Cereals and Grains
- 3.5.3.2. Oilseeds
- 3.5.3.3. Pulses and legumes
- 3.5.3.4. Fruits and Vegetables
- 3.5.3.5. Others
- 3.6. Market Attractiveness Analysis: Application
4. Global Phosphate Fertilizers Market Outlook: Region
- 4.1. Key Highlights
- 4.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Region, 2018 - 2022
- 4.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Region, 2023 - 2030
- 4.3.1. North America
- 4.3.2. Europe
- 4.3.3. East Asia
- 4.3.4. South Asia and Oceania
- 4.3.5. Latin America
- 4.3.6. Middle East & Africa (MEA)
- 4.4. Market Attractiveness Analysis: Region
5. North America Phosphate Fertilizers Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)
- 5.1. Key Highlights
- 5.2. Pricing Analysis
- 5.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 5.3.1. By Country
- 5.3.2. By Product Type
- 5.3.3. By Application
- 5.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 5.4.1. U.S.
- 5.4.2. Canada
- 5.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 5.5.1. Monoammonium Phosphate (MAP)
- 5.5.2. Diammonium Phosphate (DAP)
- 5.5.3. Single Superphosphate (SSP)
- 5.5.4. Triple Superphosphate (TSP)
- 5.5.5. Others
- 5.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 5.6.1. Cereals and Grains
- 5.6.2. Oilseeds
- 5.6.3. Pulses and legumes
- 5.6.4. Fruits and Vegetables
- 5.6.5. Others
- 5.7. Market Attractiveness Analysis
6. Europe Phosphate Fertilizers Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)
- 6.1. Key Highlights
- 6.2. Pricing Analysis
- 6.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 6.3.1. By Country
- 6.3.2. By Product Type
- 6.3.3. By Application
- 6.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 6.4.1. Germany
- 6.4.2. France
- 6.4.3. U.K.
- 6.4.4. Italy
- 6.4.5. Spain
- 6.4.6. Russia
- 6.4.7. Turkiye
- 6.4.8. Rest of Europe
- 6.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 6.5.1. Monoammonium Phosphate (MAP)
- 6.5.2. Diammonium Phosphate (DAP)
- 6.5.3. Single Superphosphate (SSP)
- 6.5.4. Triple Superphosphate (TSP)
- 6.5.5. Others
- 6.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 6.6.1. Cereals and Grains
- 6.6.2. Oilseeds
- 6.6.3. Pulses and legumes
- 6.6.4. Fruits and Vegetables
- 6.6.5. Others
- 6.7. Market Attractiveness Analysis
7. East Asia Phosphate Fertilizers Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)
- 7.1. Key Highlights
- 7.2. Pricing Analysis
- 7.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 7.3.1. By Country
- 7.3.2. By Product Type
- 7.3.3. By Application
- 7.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 7.4.1. China
- 7.4.2. Japan
- 7.4.3. South Korea
- 7.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 7.5.1. Monoammonium Phosphate (MAP)
- 7.5.2. Diammonium Phosphate (DAP)
- 7.5.3. Single Superphosphate (SSP)
- 7.5.4. Triple Superphosphate (TSP)
- 7.5.5. Others
- 7.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 7.6.1. Cereals and Grains
- 7.6.2. Oilseeds
- 7.6.3. Pulses and legumes
- 7.6.4. Fruits and Vegetables
- 7.6.5. Others
- 7.7. Market Attractiveness Analysis
8. South Asia & Oceania Phosphate Fertilizers Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)
- 8.1. Key Highlights
- 8.2. Pricing Analysis
- 8.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 8.3.1. By Country
- 8.3.2. By Product Type
- 8.3.3. By Application
- 8.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 8.4.1. India
- 8.4.2. Southeast Asia
- 8.4.3. ANZ
- 8.4.4. Rest of South Asia & Oceania
- 8.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 8.5.1. Monoammonium Phosphate (MAP)
- 8.5.2. Diammonium Phosphate (DAP)
- 8.5.3. Single Superphosphate (SSP)
- 8.5.4. Triple Superphosphate (TSP)
- 8.5.5. Others
- 8.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 8.6.1. Cereals and Grains
- 8.6.2. Oilseeds
- 8.6.3. Pulses and legumes
- 8.6.4. Fruits and Vegetables
- 8.6.5. Others
- 8.7. Market Attractiveness Analysis
9. Latin America Phosphate Fertilizers Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)
- 9.1. Key Highlights
- 9.2. Pricing Analysis
- 9.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 9.3.1. By Country
- 9.3.2. By Product Type
- 9.3.3. By Application
- 9.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
- 9.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 9.5.1. Monoammonium Phosphate (MAP)
- 9.5.2. Diammonium Phosphate (DAP)
- 9.5.3. Single Superphosphate (SSP)
- 9.5.4. Triple Superphosphate (TSP)
- 9.5.5. Others
- 9.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 9.6.1. Cereals and Grains
- 9.6.2. Oilseeds
- 9.6.3. Pulses and legumes
- 9.6.4. Fruits and Vegetables
- 9.6.5. Others
- 9.7. Market Attractiveness Analysis
10. Middle East & Africa Phosphate Fertilizers Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)
- 10.1. Key Highlights
- 10.2. Pricing Analysis
- 10.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 10.3.1. By Country
- 10.3.2. By Product Type
- 10.3.3. By Application
- 10.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 10.4.1. GCC
- 10.4.2. Egypt
- 10.4.3. South Africa
- 10.4.4. Northern Africa
- 10.4.5. Rest of Middle East & Africa
- 10.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 10.5.1. Monoammonium Phosphate (MAP)
- 10.5.2. Diammonium Phosphate (DAP)
- 10.5.3. Single Superphosphate (SSP)
- 10.5.4. Triple Superphosphate (TSP)
- 10.5.5. Others
- 10.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 10.6.1. Cereals and Grains
- 10.6.2. Oilseeds
- 10.6.3. Pulses and legumes
- 10.6.4. Fruits and Vegetables
- 10.6.5. Others
- 10.7. Market Attractiveness Analysis
11. Competition Landscape
- 11.1. Market Share Analysis, 2022
- 11.2. Market Structure
- 11.2.1. Competition Intensity Mapping By Market
- 11.2.2. Competition Analog IC
- 11.2.3. Apparent Product Capacity
- 11.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 11.3.1. Eurochem Group AG
- 11.3.1.1. Overview
- 11.3.1.2. Segments and Product
- 11.3.1.3. Key Financials
- 11.3.1.4. Market Developments
- 11.3.1.5. Market Strategy
- 11.3.2. Israel Chemicals Ltd.
- 11.3.2.1. Overview
- 11.3.2.2. Segments and Product
- 11.3.2.3. Key Financials
- 11.3.2.4. Market Developments
- 11.3.2.5. Market Strategy
- 11.3.3. Coromandel International Ltd.
- 11.3.3.1. Overview
- 11.3.3.2. Segments and Product
- 11.3.3.3. Key Financials
- 11.3.3.4. Market Developments
- 11.3.3.5. Market Strategy
- 11.3.4. Nutrien Ltd.
- 11.3.4.1. Overview
- 11.3.4.2. Segments and Product
- 11.3.4.3. Key Financials
- 11.3.4.4. Market Developments
- 11.3.4.5. Market Strategy
- 11.3.5. PJSC PhosAgro.
- 11.3.5.1. Overview
- 11.3.5.2. Segments and Product
- 11.3.5.3. Key Financials
- 11.3.5.4. Market Developments
- 11.3.5.5. Market Strategy
- 11.3.6. Yara International ASA
- 11.3.6.1. Overview
- 11.3.6.2. Segments and Product
- 11.3.6.3. Key Financials
- 11.3.6.4. Market Developments
- 11.3.6.5. Market Strategy
- 11.3.7. The OCP Group
- 11.3.7.1. Overview
- 11.3.7.2. Segments and Product
- 11.3.7.3. Key Financials
- 11.3.7.4. Market Developments
- 11.3.7.5. Market Strategy
- 11.3.8. JESA
- 11.3.8.1. Overview
- 11.3.8.2. Segments and Product
- 11.3.8.3. Key Financials
- 11.3.8.4. Market Developments
- 11.3.8.5. Market Strategy
- 11.3.9. MIRA Organics and Chemicals PVT LTD
- 11.3.9.1. Overview
- 11.3.9.2. Segments and Product
- 11.3.9.3. Key Financials
- 11.3.9.4. Market Developments
- 11.3.9.5. Market Strategy
- 11.3.10. Ma'aden
- 11.3.10.1. Overview
- 11.3.10.2. Segments and Product
- 11.3.10.3. Key Financials
- 11.3.10.4. Market Developments
- 11.3.10.5. Market Strategy
- 11.3.1. Eurochem Group AG
12. Appendix
- 12.1. Research Methodology
- 12.2. Research Assumptions
- 12.3. Acronyms and Abbreviations
