Global Phosphate Fertilizer Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Phosphate Fertilizer Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Product (Monoammonium Phosphate (MAP), Diammonium Phosphate (DAP), Single Superphosphate (SSP), Triple Superphosphate (TSP), and Others), Application (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Others), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Phosphate Fertilizer Market was valued at USD 69,249.2 million in 2023 and is expected to reach USD 107,898.4 million by 2031 while growing at a CAGR of 5.7% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global phosphate fertilizer market growth. Phosphate fertilizer, containing essential phosphorus for plant growth, plays a crucial role in biochemical processes, including energy transfer and photosynthesis. It supports strong root systems, overall plant health, and reproductive processes.
Increasing population growth, urbanization, and declining arable land drive the phosphate fertilizer market. However, sustained growth hinges on addressing environmental concerns and fluctuating raw material prices.
Furthermore, the global phosphate fertilizer industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Product Analysis
The Global Phosphate Fertilizer Market is segmented among Monoammonium Phosphate (MAP), Diammonium Phosphate (DAP), Single Superphosphate (SSP), Triple Superphosphate (TSP), and Others, based on Product. In 2023, Monoammonium Phosphate (MAP)accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Application Analysis
The Global Phosphate Fertilizer Market is segmented among Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Others, based on Application. In 2023, Cereals & Grains accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Phosphate Fertilizer Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while is Europe expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are 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
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Phosphate Fertilizer Market Dynamics
Drivers
Restraints
Opportunity
4. Global Phosphate Fertilizer Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Phosphate Fertilizer Market Segmentation, By Product
Global Phosphate Fertilizer Market Share Analysis, By Product
Global Phosphate Fertilizer Market Growth Analysis, By Product
Global Phosphate Fertilizer Market Trends, By Product
o Monoammonium Phosphate (MAP)
o Diammonium Phosphate (DAP)
o Single Superphosphate (SSP)
o Triple Superphosphate (TSP)
o Others
6. Global Phosphate Fertilizer Market Segmentation, By Application
Global Phosphate Fertilizer Market Share Analysis, By Application
Global Phosphate Fertilizer Market Growth Analysis, By Application
Global Phosphate Fertilizer Market Trends, By Application
o Cereals & Grains
o Oilseeds & Pulses
o Fruits & Vegetables
o Others
7. Global Phosphate Fertilizer Market Segmentation, By Region
Global Phosphate Fertilizer Market Share Analysis, By Region
Global Phosphate Fertilizer Market Growth Analysis, By Region
Global Phosphate Fertilizer Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
8. Competitive Landscape
Eurochem Group AG*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
Agrium Inc.
Potash Corp. of Saskatchewan Inc.
Yara International ASA
CF Industries Holdings Inc.
Israel Chemicals Ltd.
Coromandel International Ltd.
The Mosaic Co.
OCP
PJSC PhosAgro
*Similar analysis will be provided for each company listed above.
