Phosphate Fertilizer Market Size, Share & Trends Analysis Report By Product (Monoammonium Phosphate, Diammonium Phosphate), By Application, By Region, And Segment Forecasts, 2022 - 2040
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Phosphate Fertilizer Market Growth & Trends
The global phosphate fertilizer market size is estimated to reach USD 176.06 billion by 2040, registering a CAGR of 5.7% from 2022 to 2040, according to a new report by Grand View Research, Inc. Growth can be attributed to increasing demand for fertilizers for usage in agricultural applications and is expected to drive the growth of the market during the forecast period.
Phosphorus rocks are the key raw materials used to manufacture phosphate fertilizers. Globally, the U.S. is the leading producer and consumer of phosphate rocks, which are primarily used for the manufacturing of the product. Rising global demand for food is a significant factor driving the growth of phosphate fertilizer market.
Governments of major agrarian economies such as Brazil and India support the use of the product to improve crop yields. This has encouraged farmers and local entrepreneurs in these countries to increase the consumption of phosphate grades. In 2020, amid the COVID-19 pandemic, the prices of primary raw materials such as ammonia and sulfur increased sharply owing to supply restrictions and refinery curtailments.
The Asia Pacific is expected to register significant growth in the coming years owing to the agriculture, food, and horticulture industries as they are the key sectors for economic development, accounting for a substantial GDP share.
Phosphate Fertilizer Market Report Highlights
Phosphate Fertilizer Market Growth & Trends
The global phosphate fertilizer market size is estimated to reach USD 176.06 billion by 2040, registering a CAGR of 5.7% from 2022 to 2040, according to a new report by Grand View Research, Inc. Growth can be attributed to increasing demand for fertilizers for usage in agricultural applications and is expected to drive the growth of the market during the forecast period.
Phosphorus rocks are the key raw materials used to manufacture phosphate fertilizers. Globally, the U.S. is the leading producer and consumer of phosphate rocks, which are primarily used for the manufacturing of the product. Rising global demand for food is a significant factor driving the growth of phosphate fertilizer market.
Governments of major agrarian economies such as Brazil and India support the use of the product to improve crop yields. This has encouraged farmers and local entrepreneurs in these countries to increase the consumption of phosphate grades. In 2020, amid the COVID-19 pandemic, the prices of primary raw materials such as ammonia and sulfur increased sharply owing to supply restrictions and refinery curtailments.
The Asia Pacific is expected to register significant growth in the coming years owing to the agriculture, food, and horticulture industries as they are the key sectors for economic development, accounting for a substantial GDP share.
Phosphate Fertilizer Market Report Highlights
- The Asia Pacific is projected to have growth over the forecast period due to increasing agricultural production. In revenue terms, the APAC market is expected to expand at a CAGR of 5.8% between 2022 and 2040
- The global market will grow significantly owing to the factors such as increased demand from agricultural producers for a fertilizer that provides necessary nutrients such as nitrogen and potassium
- Cereals and grains appeared as the largest application segment in 2022 and is anticipated to grow at a CAGR of 5.8% between 2022 and 2040. The use of phosphoric fertilizer in cereals and grains is majorly increasing in the production of wheat owing to its increased demand
CHAPTER 1 EXECUTIVE SUMMARY
CHAPTER 2 PHOSPHATE FERTILIZERS MARKET: PRODUCT ESTIMATES & TREND ANALYSIS
2.1 Phosphate Fertilizers Market: Product Movement Analysis & Market Share, 2022 & 2040
2.2 Phosphate Fertilizers Market Size & Forecasts And Trend Analysis, By Product, 2010 - 2040 (Kilotons) (USD Thousand)
2.2.1 Monoammonium Phosphate (Map)
2.2.1.1 Market Estimates & Forecasts, 2010 - 2040 (Kilotons) (USD Thousand)
2.2.2 Diammonium Phosphate (Dap)
2.2.2.1 Market Size & Forecasts And Trend Analysis, 2010 - 2040 (Kilotons) (USD Thousand)
2.2.1 Single Superphosphate (Ssp)
2.2.1.1 Market Size & Forecasts And Trend Analysis, 2010 - 2040 (Kilotons) (USD Thousand)
2.2.2 Triple Superphosphate (Tsp)
2.2.2.1 Market Size & Forecasts And Trend Analysis, 2010 - 2040 (Kilotons) (USD Thousand)
CHAPTER 3 PHOSPHATE FERTILIZERS MARKET: APPLICATION ESTIMATES & TREND ANALYSIS
3.1 Phosphate Fertilizers Market: Application Movement Analysis & Market Share, 2020 & 2040
3.2 Phosphate Fertilizers Market Size & Forecasts And Trend Analysis By Application, 2010 - 2040 (Kilotons) (USD Thousand)
3.2.1 Cereals & Grains
3.2.1.1 Market Estimates & Forecasts And Trend Analysis By Cereal & Grains, 2010 - 2040 (Kilotons) (USD Thousand)
3.2.2 Oilseeds & Pulses
3.2.2.1 Market Estimates & Forecasts And Trend Analysis By Oilseeds & Pulses, 2010 - 2040 (Kilotons) (USD Thousand)
3.2.3 Fruits & Vegetables
3.2.3.1 Market Estimates & Forecasts And Trend Analysis By Fruits & Vegetables, 2010 - 2040 (Kilotons) (USD Thousand)
CHAPTER 4 PHOSPHATE FERTILIZERS MARKET: REGIONAL ESTIMATES & TREND ANALYSIS
4.1 Regional Movement Analysis & Market Share, 2022 & 2040 (Kilotons) (USD Thousand)
4.2 Market Estimates & Forecasts And Trend Analysis By Region, 2010 - 2040 (Kilotons) (USD Thousand)
4.2.1 North America
4.2.1.1 U.S.
4.2.1.1.1 U.S. Phosphate Fertilizers Market Size & Forecast And Trend Analysis, 2010 - 2040 (Kilotons) (USD Thousand)
4.2.1.2 Canada
4.2.1.2.1 Canada Phosphate Fertilizers Market Size & Forecast And Trend Analysis, 2010 - 2040 (Kilotons) (USD Thousand)
4.2.1.3 Mexico
4.2.1.3.1 Mexico Phosphate Fertilizers Market Size & Forecast And Trend Analysis, 2010 - 2040 (Kilotons) (USD Thousand)
4.2.2 Europe
4.2.2.1 U.K.
4.2.2.1.1 U.K. Phosphate Fertilizers Market Size & Forecast And Trend Analysis, 2010 - 2040 (Kilotons) (USD Thousand)
4.2.2.2 Germany
4.2.2.2.1 Germany Phosphate Fertilizers Market Size & Forecast And Trend Analysis, 2010 - 2040 (Kilotons) (USD Thousand)
4.2.2.3 France
4.2.2.3.1 France Phosphate Fertilizers Market Size & Forecast And Trend Analysis, 2010 - 2040 (Kilotons) (USD Thousand)
4.2.2.4 Italy
4.2.2.4.1 Italy Phosphate Fertilizers Market Size & Forecast And Trend Analysis, 2010 - 2040 (Kilotons) (USD Thousand)
4.2.2.5 Russia
4.2.2.5.1 Russia Phosphate Fertilizers Market Size & Forecast And Trend Analysis, 2010 - 2040 (Kilotons) (USD Thousand)
4.2.2.6 Finland
4.2.2.6.1 Finland Phosphate Fertilizers Market Size & Forecast And Trend Analysis, 2010 - 2040 (Kilotons) (USD Thousand)
4.2.3 Asia Pacific
4.2.3.1 China
4.2.3.1.1 China Phosphate Fertilizers Market Size & Forecast And Trend Analysis, 2010 - 2040 (Kilotons) (USD Thousand)
4.2.3.2 Japan
4.2.3.2.1 Japan Phosphate Fertilizers Market Size & Forecast And Trend Analysis, 2010 - 2040 (Kilotons) (USD Thousand)
4.2.3.3 India
4.2.3.3.1 India Phosphate Fertilizers Market Size & Forecast And Trend Analysis, 2010 - 2040 (Kilotons) (USD Thousand)
4.2.3.4 Australia
4.2.3.4.1 Australia Phosphate Fertilizers Market Size & Forecast And Trend Analysis, 2010 - 2040 (Kilotons) (USD Thousand)
4.2.3.5 Southeast Asia
4.2.3.5.1 South - East Asia Phosphate Fertilizers Market Size & Forecast And Trend Analysis, 2010 - 2040 (Kilotons) (USD Thousand)
4.2.4 Central & South America
4.2.4.1 Brazil
4.2.4.1.1 Brazil Phosphate Fertilizers Market Size & Forecast And Trend Analysis, 2010 - 2040 (Kilotons) (USD Thousand)
4.2.4.2 Argentina
4.2.4.2.1 Argentina Phosphate Fertilizers Market Size & Forecast And Trend Analysis, 2010 - 2040 (Kilotons) (USD Thousand)
4.2.5 Middle East & Africa
4.2.5.1 Saudi Arabia
4.2.5.1.1 Saudi Arabia Phosphate Fertilizers Market Size & Forecast And Trend Analysis, 2010 - 2040 (Kilotons) (USD Thousand)
4.2.5.2 Morocco
4.2.5.2.1 Morocco Phosphate Fertilizers Market Size & Forecast And Trend Analysis, 2010 - 2040 (Kilotons) (USD Thousand)
4.2.5.3 Senegal
4.2.5.3.1 Senegal Phosphate Fertilizers Market Size & Forecast And Trend Analysis, 2010 - 2040 (Kilotons) (USD Thousand)
4.2.5.4 Tunisia
4.2.5.4.1 Tunisia Phosphate Fertilizers Market Size & Forecast And Trend Analysis, 2010 - 2040 (Kilotons) (USD Thousand)
4.2.5.5 Egypt
4.2.5.5.1 Egypt Phosphate Fertilizers Market Size & Forecast And Trend Analysis, 2010 - 2040 (Kilotons) (USD Thousand)
CHAPTER 5 PHOSPHATE FERTILIZERS MARKET: TRADE ANALYSIS
5.1.1 Phosphate Fertilizer Imports, By Region And Key Country, 2010 - 2020
5.1.2 Phosphate Fertilizer Exports, By Region And Key Country, 2010 - 2020
CHAPTER 6 PHOSPHATE FERTILIZER MARKET: PRODUCTION ANALYSIS
6.1 Production, By Region, 2010 -2020, (USD Thousand)
6.2 Production Capacity Analysis Of Key Players
6.3 Operating Rates Of Key Players
6.4 Upcoming And Planned Capacity Additions Or Planned Plant Shutdowns Of Companies
CHAPTER 7 PHOSPHATE FERTILIZERS MARKET: PRICE TREND ANALYSIS
7.1.1 Key Raw Material Price Analysis, 2010 -2040
7.1.2 Product Price Analysis, 2010 -2040
7.1.2.1 Fertilizer Grade
7.1.2.2 Feed/Technical Grade
7.1.3 Factors Influencing Prices
CHAPTER 8 PHOSPHATE FERTILIZERS MARKET: PRODUCTION COST ANALYSIS
8.1.1 Production Cost Analysis
8.1.2 Profit Margin Analysis
CHAPTER 9 PHOSPHATE FERTILIZERS MARKET: VARIABLES, TRENDS, AND SCOPE
9.1 Regulatory Framework
9.2 Market Dynamics
9.2.1 Market Driver Analysis
9.2.1.1 Growth Of Fertilizer Industry
9.2.1.2 High Growth Of Agriculture Sector In Developing Countries
9.2.2 Market Restraint Analysis
9.2.2.1 Stringent Government Policies Concerning The Usage Of Phosphate-Based Fertilizers
9.2.3 Industry Challenge
9.2.4 Industry Opportunity Analysis
9.3 Impact Of Covid-19 Across Value Chain
CHAPTER 2 PHOSPHATE FERTILIZERS MARKET: PRODUCT ESTIMATES & TREND ANALYSIS
2.1 Phosphate Fertilizers Market: Product Movement Analysis & Market Share, 2022 & 2040
2.2 Phosphate Fertilizers Market Size & Forecasts And Trend Analysis, By Product, 2010 - 2040 (Kilotons) (USD Thousand)
2.2.1 Monoammonium Phosphate (Map)
2.2.1.1 Market Estimates & Forecasts, 2010 - 2040 (Kilotons) (USD Thousand)
2.2.2 Diammonium Phosphate (Dap)
2.2.2.1 Market Size & Forecasts And Trend Analysis, 2010 - 2040 (Kilotons) (USD Thousand)
2.2.1 Single Superphosphate (Ssp)
2.2.1.1 Market Size & Forecasts And Trend Analysis, 2010 - 2040 (Kilotons) (USD Thousand)
2.2.2 Triple Superphosphate (Tsp)
2.2.2.1 Market Size & Forecasts And Trend Analysis, 2010 - 2040 (Kilotons) (USD Thousand)
CHAPTER 3 PHOSPHATE FERTILIZERS MARKET: APPLICATION ESTIMATES & TREND ANALYSIS
3.1 Phosphate Fertilizers Market: Application Movement Analysis & Market Share, 2020 & 2040
3.2 Phosphate Fertilizers Market Size & Forecasts And Trend Analysis By Application, 2010 - 2040 (Kilotons) (USD Thousand)
3.2.1 Cereals & Grains
3.2.1.1 Market Estimates & Forecasts And Trend Analysis By Cereal & Grains, 2010 - 2040 (Kilotons) (USD Thousand)
3.2.2 Oilseeds & Pulses
3.2.2.1 Market Estimates & Forecasts And Trend Analysis By Oilseeds & Pulses, 2010 - 2040 (Kilotons) (USD Thousand)
3.2.3 Fruits & Vegetables
3.2.3.1 Market Estimates & Forecasts And Trend Analysis By Fruits & Vegetables, 2010 - 2040 (Kilotons) (USD Thousand)
CHAPTER 4 PHOSPHATE FERTILIZERS MARKET: REGIONAL ESTIMATES & TREND ANALYSIS
4.1 Regional Movement Analysis & Market Share, 2022 & 2040 (Kilotons) (USD Thousand)
4.2 Market Estimates & Forecasts And Trend Analysis By Region, 2010 - 2040 (Kilotons) (USD Thousand)
4.2.1 North America
4.2.1.1 U.S.
4.2.1.1.1 U.S. Phosphate Fertilizers Market Size & Forecast And Trend Analysis, 2010 - 2040 (Kilotons) (USD Thousand)
4.2.1.2 Canada
4.2.1.2.1 Canada Phosphate Fertilizers Market Size & Forecast And Trend Analysis, 2010 - 2040 (Kilotons) (USD Thousand)
4.2.1.3 Mexico
4.2.1.3.1 Mexico Phosphate Fertilizers Market Size & Forecast And Trend Analysis, 2010 - 2040 (Kilotons) (USD Thousand)
4.2.2 Europe
4.2.2.1 U.K.
4.2.2.1.1 U.K. Phosphate Fertilizers Market Size & Forecast And Trend Analysis, 2010 - 2040 (Kilotons) (USD Thousand)
4.2.2.2 Germany
4.2.2.2.1 Germany Phosphate Fertilizers Market Size & Forecast And Trend Analysis, 2010 - 2040 (Kilotons) (USD Thousand)
4.2.2.3 France
4.2.2.3.1 France Phosphate Fertilizers Market Size & Forecast And Trend Analysis, 2010 - 2040 (Kilotons) (USD Thousand)
4.2.2.4 Italy
4.2.2.4.1 Italy Phosphate Fertilizers Market Size & Forecast And Trend Analysis, 2010 - 2040 (Kilotons) (USD Thousand)
4.2.2.5 Russia
4.2.2.5.1 Russia Phosphate Fertilizers Market Size & Forecast And Trend Analysis, 2010 - 2040 (Kilotons) (USD Thousand)
4.2.2.6 Finland
4.2.2.6.1 Finland Phosphate Fertilizers Market Size & Forecast And Trend Analysis, 2010 - 2040 (Kilotons) (USD Thousand)
4.2.3 Asia Pacific
4.2.3.1 China
4.2.3.1.1 China Phosphate Fertilizers Market Size & Forecast And Trend Analysis, 2010 - 2040 (Kilotons) (USD Thousand)
4.2.3.2 Japan
4.2.3.2.1 Japan Phosphate Fertilizers Market Size & Forecast And Trend Analysis, 2010 - 2040 (Kilotons) (USD Thousand)
4.2.3.3 India
4.2.3.3.1 India Phosphate Fertilizers Market Size & Forecast And Trend Analysis, 2010 - 2040 (Kilotons) (USD Thousand)
4.2.3.4 Australia
4.2.3.4.1 Australia Phosphate Fertilizers Market Size & Forecast And Trend Analysis, 2010 - 2040 (Kilotons) (USD Thousand)
4.2.3.5 Southeast Asia
4.2.3.5.1 South - East Asia Phosphate Fertilizers Market Size & Forecast And Trend Analysis, 2010 - 2040 (Kilotons) (USD Thousand)
4.2.4 Central & South America
4.2.4.1 Brazil
4.2.4.1.1 Brazil Phosphate Fertilizers Market Size & Forecast And Trend Analysis, 2010 - 2040 (Kilotons) (USD Thousand)
4.2.4.2 Argentina
4.2.4.2.1 Argentina Phosphate Fertilizers Market Size & Forecast And Trend Analysis, 2010 - 2040 (Kilotons) (USD Thousand)
4.2.5 Middle East & Africa
4.2.5.1 Saudi Arabia
4.2.5.1.1 Saudi Arabia Phosphate Fertilizers Market Size & Forecast And Trend Analysis, 2010 - 2040 (Kilotons) (USD Thousand)
4.2.5.2 Morocco
4.2.5.2.1 Morocco Phosphate Fertilizers Market Size & Forecast And Trend Analysis, 2010 - 2040 (Kilotons) (USD Thousand)
4.2.5.3 Senegal
4.2.5.3.1 Senegal Phosphate Fertilizers Market Size & Forecast And Trend Analysis, 2010 - 2040 (Kilotons) (USD Thousand)
4.2.5.4 Tunisia
4.2.5.4.1 Tunisia Phosphate Fertilizers Market Size & Forecast And Trend Analysis, 2010 - 2040 (Kilotons) (USD Thousand)
4.2.5.5 Egypt
4.2.5.5.1 Egypt Phosphate Fertilizers Market Size & Forecast And Trend Analysis, 2010 - 2040 (Kilotons) (USD Thousand)
CHAPTER 5 PHOSPHATE FERTILIZERS MARKET: TRADE ANALYSIS
5.1.1 Phosphate Fertilizer Imports, By Region And Key Country, 2010 - 2020
5.1.2 Phosphate Fertilizer Exports, By Region And Key Country, 2010 - 2020
CHAPTER 6 PHOSPHATE FERTILIZER MARKET: PRODUCTION ANALYSIS
6.1 Production, By Region, 2010 -2020, (USD Thousand)
6.2 Production Capacity Analysis Of Key Players
6.3 Operating Rates Of Key Players
6.4 Upcoming And Planned Capacity Additions Or Planned Plant Shutdowns Of Companies
CHAPTER 7 PHOSPHATE FERTILIZERS MARKET: PRICE TREND ANALYSIS
7.1.1 Key Raw Material Price Analysis, 2010 -2040
7.1.2 Product Price Analysis, 2010 -2040
7.1.2.1 Fertilizer Grade
7.1.2.2 Feed/Technical Grade
7.1.3 Factors Influencing Prices
CHAPTER 8 PHOSPHATE FERTILIZERS MARKET: PRODUCTION COST ANALYSIS
8.1.1 Production Cost Analysis
8.1.2 Profit Margin Analysis
CHAPTER 9 PHOSPHATE FERTILIZERS MARKET: VARIABLES, TRENDS, AND SCOPE
9.1 Regulatory Framework
9.2 Market Dynamics
9.2.1 Market Driver Analysis
9.2.1.1 Growth Of Fertilizer Industry
9.2.1.2 High Growth Of Agriculture Sector In Developing Countries
9.2.2 Market Restraint Analysis
9.2.2.1 Stringent Government Policies Concerning The Usage Of Phosphate-Based Fertilizers
9.2.3 Industry Challenge
9.2.4 Industry Opportunity Analysis
9.3 Impact Of Covid-19 Across Value Chain
LIST OF TABLES
Table 1 Phosphate Fertilizer Import Statistics, 2020 - 2030 (Kilotons)
Table 2 Phosphate Fertilizer Import Statistics, 2020 - 2030 (USD Thousand)
Table 3 Phosphate Fertilizer Export Statistics, 2020 - 2030 (Kilotons)
Table 4 Phosphate Fertilizer Export Statistics, 2020 - 2030 (USD Thousand)
Table 5 Mono-ammonium Phosphate (MAP) Production, by Region, 2020 -2030 (Thousand Tonnes)
Table 6 Di-ammonium Phosphate (DAP) Production, by Region, 2020 - 2030 (Thousand Tonnes)
Table 7 Triple Superphosphate (TSP) Production, by Region, 2020 - 2030 (Thousand Tonnes)
Table 8 Key Cost Components
Table 1 Phosphate Fertilizer Import Statistics, 2020 - 2030 (Kilotons)
Table 2 Phosphate Fertilizer Import Statistics, 2020 - 2030 (USD Thousand)
Table 3 Phosphate Fertilizer Export Statistics, 2020 - 2030 (Kilotons)
Table 4 Phosphate Fertilizer Export Statistics, 2020 - 2030 (USD Thousand)
Table 5 Mono-ammonium Phosphate (MAP) Production, by Region, 2020 -2030 (Thousand Tonnes)
Table 6 Di-ammonium Phosphate (DAP) Production, by Region, 2020 - 2030 (Thousand Tonnes)
Table 7 Triple Superphosphate (TSP) Production, by Region, 2020 - 2030 (Thousand Tonnes)
Table 8 Key Cost Components
LIST OF FIGURES
List of Figures
Fig. 1 Phosphate Fertilizers Market Volume Share, by Product, 2022 & 2040 (%)
Fig. 2 Phosphate Fertilizers Market Volume Share, by Application, 2022 & 2040 (%)
Fig. 3 Phosphate Fertilizers market revenue share, by region, 2022 & 2040 (%)
Fig. 4 Diammonium phosphate price trend, 2020 - 2040 (USD/Metric Ton)
Fig. 5 Market Dynamics
Fig. 6 Fertilizer consumption (kg per hectare of arable land), 2018 to 2021
Fig. 7 Agriculture and allied activities market in India (USD Billion)
List of Figures
Fig. 1 Phosphate Fertilizers Market Volume Share, by Product, 2022 & 2040 (%)
Fig. 2 Phosphate Fertilizers Market Volume Share, by Application, 2022 & 2040 (%)
Fig. 3 Phosphate Fertilizers market revenue share, by region, 2022 & 2040 (%)
Fig. 4 Diammonium phosphate price trend, 2020 - 2040 (USD/Metric Ton)
Fig. 5 Market Dynamics
Fig. 6 Fertilizer consumption (kg per hectare of arable land), 2018 to 2021
Fig. 7 Agriculture and allied activities market in India (USD Billion)
