Phosphate Fertilizer Global Market To Reach Value Of About $40 Billion In 2025

The phosphate fertilizers market consists of sales of phosphate fertilizers. Phosphate fertilizer manufacturers produce phosphatic fertilizer materials and other phosphatic materials and mix them into fertilizers. Ammonium phosphate, defluorinated phosphate, and di-ammonium phosphate are examples of the phosphate fertilizer segment.

Global Phosphate Fertilizer Market Size And Drivers:

The global phosphate fertilizer market is expected to grow from $33.77 billion in 2020 to $36.48 billion in 2021 at a compound annual growth rate (CAGR) of 8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $39.6 billion in 2025 at a CAGR of 2%. World population is growing and is expected to reach 10 billion by 2050 and is expected to significantly boost the insecticides market. Thus, the increase in demand for food for the growing population will promote the growth of insecticides market.

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Trends In The Global Phosphate Fertilizer Market

In August 2019, Ma'aden, a Saudi Arabia-based mining and metallurgical company that specializes in gold mining, refining, phosphate mining and aluminum mining acquired Meridian Group for $140 million. The acquisition is expected to help Ma'aden in strengthening its position as the world's largest producer and exporter of phosphate fertilizers and enhance its contribution in the global food security. The acquisition also helps Ma'aden with logistics asset in Southeast Africa through Meridian’s operations in Malawi, Mozambique, Zambia and Zimbabwe. Meridian Group is a Mauritius-based fertilizer company that specializes in fertilizer manufacturing and distribution such as ammonium phosphate.

Global Phosphate Fertilizer Market Segments:
The global phosphate fertilizer market is further segmented –
By Type: Monoammonium Phosphate (MAP), Diammonium Phosphate (DAP), Superphosphate, Others
By Application: Cereals & Grains, Oilseeds, Fruits & Vegetables, Others
By Distribution Channel: Online, Offline
By Geography: The global phosphate fertilizer market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Phosphate Fertilizer Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides phosphate fertilizer market overviews, analyzes and forecasts market size and growth for the global phosphate fertilizer market, phosphate fertilizer market share, phosphate fertilizer market players, phosphate fertilizer market segments and geographies, phosphate fertilizer market’s leading competitors’ revenues, profiles and market shares. The phosphate fertilizer market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.