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Phosphate Fertilizers Market Volume Forecast and Value Chain Analysis by 2025

Increasing population and demand for diverse food has been a key factor driving market growth. In addition, limited availability of ploughed land and increasing meat consumption all over the world is fueling the demand for phosphate fertilizers over the forecast period.

The Global Phosphate Fertilizers Market size is expected to reach USD 78.06 billion by 2025, according to a new report by Grand View Research, Inc. registering a 5.1% CAGR therein.

Phosphate Fertilizers Market

Phosphate is one of the three primary nutrients needed for plants to grow to their full potential. It is essential for normal plant growth, absorption of sun’s energy, and converting it to useful plant compounds. Several phosphate fertilizers are used to meet the phosphorous (P) requirements of plants. It helps create strong roots and stems, provides resistance to disease, and increases productivity.

Phosphate is an important fertilizer input used in agricultural production. These include different types of fertilizers such as superphosphate, monoammonium phosphate (MAP), and diammonium phosphate (DAP) products. Fluctuating energy prices are the main cause of price volatility in phosphate fertilizers. Transportation costs, policy decisions, exchange rates, and other uncontrollable factors are other key factors affecting global trading of fertilizer products.

To Know More About Phosphate Fertilizers Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/phosphate-fertilizers-market

The Phosphate Fertilizers Market is consolidated in nature and comprises few global and regional players. Major players have strong distribution networks and different brands in the global market. Several key participants are conducting research and development activities to manufacture cost-effective and organic phosphate fertilizer products to meet the needs of the market.

Top Players of Phosphate Fertilizers Market:

Key players such as 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 dominated the global market.

Market Segmentation of Phosphate Fertilizers Market:

The Global Phosphate Fertilizers Market Segmented on the basis of Product and Application.

By Product:

•    Monoammonium Phosphate (MAP)
•    Diammonium Phosphate (DAP)
•    Superphosphate

By Application:

•    Cereals & Grains
•    Oilseeds
•    Fruits & Vegetables
•    Others

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