Global Phosphate Fertilizers Market Outlook By Product (Monoammonium Phosphate, Diammonium Phosphate, Superphosphate), By Application (Cereals & Grains, Oilseeds, Fruits & Vegetables), And Segment Forecasts, 2014 - 2025Report

Global Phosphate Fertilizers Market Outlook By Product (Monoammonium Phosphate, Diammonium Phosphate, Superphosphate), By Application (Cereals & Grains, Oilseeds, Fruits & Vegetables), And Segment Forecasts, 2014 - 2025

  • Published Date: Jan, 2018
  • Base Year for Estimate: 2016
  • Report ID: GVR-2-68038-284-6
  • Format: Electronic (PDF)
  • Historical Data: 2014-2016
  • Number of Pages: 122

Industry Outlook

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.

China phosphate fertilizers market

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.

Product Insights

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.

Global phosphate fertilizers market

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.

Report Scope

Attribute

Details

Base year for estimation

2016

Actual estimates/Historical data

2014 - 2015

Forecast period

2017 - 2025

Market representation                                    

Volume in Kilo Tons, Revenue in USD Million and CAGR from 2017 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, Middle East & Africa

Country scope

U.S., Canada, Mexico, Germany, U.K., China, India, Indonesia, Brazil, Argentina, South Africa, Morocco

Report coverage        

Volume forecast, revenue forecast, competitive landscape, growth factors and trends

15% free customization scope (equivalent to 5 analysts working days)

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Segments covered in the report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis on industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global phosphate fertilizer market report on the basis of product, application, and region:

  • Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

    • Monoammonium Phosphate (MAP)

    • Diammonium Phosphate (DAP)

    • Superphosphate

    • Others

  • Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

    • Cereals & Grains

    • Oilseeds

    • Fruits & Vegetables

    • Others

  • Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • U.K.

    • Asia Pacific

      • China

      • India

      • Indonesia

    • Central & South America

      • Brazil

      • Argentina

    • Middle East & Africa

      • South Africa

      • Morocco

Key questions answered by the report
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