Commercial phosphate fertilizers are manufactured using phosphate rock. Approximately two-third of the world's phosphate resources are derived from sedimentary and marine phosphate rock deposits. Ground rock phosphate has been used as a source of phosphorous for soils in the past. This is attributed to the increased demand from agricultural producers for a fertilizer that provides necessary nutrients such as nitrogen and potassium. Agricultural products, such as fruits, vegetables, cereals, and pulses, are major application areas. The use of phosphorous fertilizers in various grains promotes root growth, improves crop quality, and enhances stalk strength.
This report contains market size and forecasts of Commercial Phosphate Fertilizer in global, including the following market information:
Global Commercial Phosphate Fertilizer Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Commercial Phosphate Fertilizer Market Sales, 2017-2022, 2023-2028, (Tons)
Global top five Commercial Phosphate Fertilizer companies in 2021 (%)
The global Commercial Phosphate Fertilizer market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Monoammonium Phosphate (MAP) Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Commercial Phosphate Fertilizer 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. and S.A OCP and etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Commercial Phosphate Fertilizer manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Commercial Phosphate Fertilizer Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Tons)
Global Commercial Phosphate Fertilizer Market Segment Percentages, by Type, 2021 (%)
Monoammonium Phosphate (MAP)
Diammonium Phosphate (DAP)
Single Superphosphate (SSP)
Triple Superphosphate (TSP)
Others
Global Commercial Phosphate Fertilizer Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Tons)
Global Commercial Phosphate Fertilizer Market Segment Percentages, by Application, 2021 (%)
Cereals & Grains
Oilseeds & Pulses
Fruits & Vegetables
Others
Global Commercial Phosphate Fertilizer Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Tons)
Global Commercial Phosphate Fertilizer Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Commercial Phosphate Fertilizer revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Commercial Phosphate Fertilizer revenues share in global market, 2021 (%)
Key companies Commercial Phosphate Fertilizer sales in global market, 2017-2022 (Estimated), (Tons)
Key companies Commercial Phosphate Fertilizer sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players 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
PJSC PhosAgro