Global Phosphate Rock Market Size, Share, Growth Analysis, By Application(Fertilizers, Food & Feed Additives), By Grade(Fertilizer, Feed) - Industry Forecast 2024-2031

PUBLISHED: March 7, 2024

PAGES: 184 Pages

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Description

Global Phosphate Rock Market size was valued at USD 23.30 billion in 2022 and is poised to grow from USD 24.12 billion in 2023 to USD 31.76 billion by 2031, growing at a CAGR of 3.5% in the forecast period (2024- 2031).

In the future, we expect a higher demand for phosphate rock because more fertilizers will be needed due to increased demand for food. The world's population is growing, and there's a bigger need for grains and cereals. To feed everyone by 2050, food production needs to go up by 70%, according to the Food and Agriculture Organization. This means more fertilizer will be needed, which will help the phosphate rock market grow. The demand for phosphate fertilizers will also go up because there's a greater need for food and feed to meet the needs of both people and animals. In the U.S., where a lot of grains, cereals, and oilseeds are produced, this will be a big factor driving the market. In the U.S., the amount of poultry and red meat people eat has gone up slightly. This means there's a growing demand for high-quality meat, which will lead to a greater need for nutritious animal feed. This, in turn, will boost the phosphate rock market in the coming years.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Phosphate Rock Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Phosphate Rock Market Segmental Analysis

The global phosphate rock market is segmented on the basis of application, grade, region. By application, the market is segmented into fertilizers, food & feed additives, industrial, others. By grade, the market is segmented into fertilizer, feed, industrial. By region, the market is segmented into North America, Europe, Latin America, Asia- Pacific, Middle East and Africa.

Drivers of the Global Phosphate Rock Market

More and more people are moving to cities, and the population is growing fast. This means we need more food, which makes farmers need to produce more crops. To do that, they need more phosphate rock, which helps crops grow better.

Restraints in the Global Phosphate Rock Market

Phosphate rock is limited in supply, and how easy it is to get to and how good it is can affect how the market works and how much phosphate rock is available.

Market Trends of the Global Phosphate Rock Market

Using hydroponic and controlled environment agriculture methods means we're not relying as much on traditional farming with soil. This is changing how much regular fertilizers are needed.

Product Code: SQMIG15A2249

Executive Summary

Market Overview
Wheel of Fortune

Research Methodology

Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges

Key Market Insights

Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition

Market Dynamics & Outlook

Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Regulatory Landscape
Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact

Global Phosphate Rock Market by Application

Market Overview
Fertilizers
Food & Feed Additives
Industrial
Others

Global Phosphate Rock Market by Grade

Market Overview
Fertilizer
Feed
Industrial

Global Phosphate Rock Market Size by Region

Market Overview
North America
- USA
- Canada
Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

Competitive Landscape

Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
- By Development
- By Company
- By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021

Key Company Profiles

OCP Group (Morocco)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Mosaic Company (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Nutrien Ltd. (Canada)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
PhosAgro (Russia)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Yara International ASA (Norway)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Agrium Inc. (Canada)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
ICL Group (Israel)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
EuroChem Group (Switzerland)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Jordan Phosphate Mines Co. (Jordan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Ma'aden - Saudi Arabian Mining Company (Saudi Arabia)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Itafos (Canada)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Wengfu Group (China)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
PotashCorp (Canada)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Phosphate Resources Limited (Australia)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Wengfu (Group) Co., Ltd. (China)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
The Mosaic Company (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Arianne Phosphate Inc. (Canada)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Vale S.A. (Brazil)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
J.R. Simplot Company (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Solikamsk Magnesium Works (Russia)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments