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Phosphate Fertilizer Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Mar 2021
  • Pages: 120
  • SKU: IRTNTR40718
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The phosphate fertilizers market share is expected to increase by USD 4.76 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 1.95%.

This phosphate fertilizers market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers phosphate fertilizers market segmentation by application (cereals and grains, fruits and vegetables, oilseeds, and others) and geographic (APAC, South America, North America, Europe, and MEA). The phosphate fertilizers market report also offers information on several market vendors, including Coromandel International Ltd., EuroChem Group AG, Hubei Xingfa Chemicals Group Co. Ltd., Israel Chemicals Ltd., Jordan Phosphate Mines Co. PLC, Maaden - Saudi Arabian Mining Co., Nutrien Ltd., OCP SA, PhosAgro AG, and The Mosaic Co. among others.

What will the Phosphate Fertilizers Market Size be During the Forecast Period?

 

Download the Free Report Sample to Unlock the Phosphate Fertilizers Market Size for the Forecast Period and Other Important Statistics

 

Phosphate Fertilizers Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growing demand for phosphate fertilizers is notably driving the phosphate fertilizers market growth, although factors such as challenges associated with procurement of key raw materials may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the phosphate fertilizers industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Phosphate Fertilizers Market Driver

The shrinking arable land due to rapid urbanization is one of the key factors driving the growth of the global phosphate fertilizers market. The shrinking arable land and growing demand for food will significantly influence phosphate fertilizer market growth over the forecast period. Since then, arable land has been shrinking due to urbanization and industrialization. With the shrinking arable land and declining total factor productivity, there is an increase in the application of fertilizers to improve productivity in the available arable lands. Fertilizers can be used to overcome soil fertility issues as a large range of macronutrients and micronutrients can be used as soil supplements to increase the productivity and quality of crops. Governments and regulatory agencies have executed several strategies not only to achieve food self-sufficiency, provide income support to farmers, and ensure food security but also to endorse sustainable agricultural practices and organic farming. If countries fail to maintain their current self-sufficiency levels, it could result in global market repercussions. Therefore, the shrinking arable land and growing demand for food are crucial factors driving the global phosphate fertilizers market.

Key Phosphate Fertilizers Market Trends

The increasing preference for vertical integration among vendors will fuel the global phosphate fertilizers market. Vertical integration is one of the strategic moves of a company through which it owns, controls, and operates vertical businesses such as supply, distribution, retail, and other operations. Through vertical integration, a company can operate on its own terms. It significantly reduces the operating cost and improves process efficiency. It increases the bargaining power of the company in the market as it reduces the high dependence on suppliers and other stakeholders. The cost associated with raw material procurement is one of the key expenses for phosphate fertilizer manufacturers. Therefore, phosphate fertilizer manufacturers are opting for backward integration and are themselves producing the required raw materials. Vertical integration reduces operating costs and improves process efficiency, which makes it one of the vital phosphate fertilizer market trends. Phosphate fertilizer manufacturers are venturing into the retail distribution of phosphate fertilizers to reach untapped markets and to increase their market share.

Key Phosphate Fertilizers Market Challenge

The issues associated with the procurement of key raw materials are a major challenge for the global phosphate fertilizers market growth. Constraints in terms of the availability, supply, and price of raw materials are expected to limit the growth of the global phosphate fertilizers market during the forecast period. Phosphate rock is the major raw material used for the manufacturing of phosphate fertilizers. It is processed into phosphate concentrate and then used in the production of phosphoric acid. Phosphoric acid is further reacted with ammonia to produce phosphate fertilizers such as monoammonium phosphate, diammonium phosphate, and triple superphosphate. Phosphate rock is one of the key mineral sources of inorganic phosphorus. The availability of raw materials mainly depends on supply constraints and mining. The raw materials of phosphate fertilizers are unevenly distributed around the world, and hence, raw material-producing countries have a significant influence on the market. Supply-related constraints and high competition in procurement are expected to hinder the growth of the global phosphate fertilizers market during the forecast period.

This phosphate fertilizers market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

The global phosphate fertilizers market is a part of the global fertilizers and agricultural chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the phosphate fertilizers market during the forecast period.

Who are the Major Phosphate Fertilizers Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Coromandel International Ltd.
  • EuroChem Group AG
  • Hubei Xingfa Chemicals Group Co. Ltd.
  • Israel Chemicals Ltd.
  • Jordan Phosphate Mines Co. PLC
  • Maaden - Saudi Arabian Mining Co.
  • Nutrien Ltd.
  • OCP SA
  • PhosAgro AG
  • The Mosaic Co.

 

This statistical study of the phosphate fertilizers market encompasses successful business strategies deployed by the key vendors. The phosphate fertilizers market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The phosphate fertilizers market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Phosphate Fertilizers Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the phosphate fertilizers market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global fertilizers and agricultural chemicals market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Phosphate Fertilizers Market?

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53% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for the phosphate fertilizers market in APAC. Market growth in this region will be faster than the growth of the market in regions.

The growing demand for phosphate fertilizers will facilitate the phosphate fertilizers market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The phosphate fertilizer market APAC witnessed a slump in 2020 due to the COVID-19 pandemic. Labor shortages and logistics-related restrictions became top concerns for manufacturers of phosphate fertilizers. Many producers, especially small and medium-sized enterprises (SMEs), had to cut or halt production. In order to ensure that cultivation and spring plowing were carried out as normally as possible, countries such as India, and China have started implementing countermeasures. For instance, in mid-2020, the Chinese government issued an emergency notification to ensure the continued transportation and circulation of agricultural products. In addition, the Chinese market has been led by Hubei in terms of the production of phosphate fertilizer in the past five years. Since COVID-19, various manufacturing units were shut down in 2020. However, in 2021, vendors operating in the phosphate fertilizers market in the region are frequently cleaning and sanitizing their manufacturing facilities to prevent the transmission of COVID-19 infection.

What are the Revenue-generating Application Segments in the Phosphate Fertilizers Market?

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The phosphate fertilizers market share growth in the cereals and grains segment will be significant during the forecast period. Cereals and grains are an essential part of traditional diets, which is one of the major factors for the increased use of phosphate fertilizers for cereal and grain crops. There is an increased consumption of cereals and grains in APAC, and the region has to improve farming methodologies and technologies to meet the market demand. Hence, the adoption of phosphate fertilizers in the cultivation of cereal and grain crops is expected to witness a significant growth rate during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the phosphate fertilizers market size and actionable market insights on post COVID-19 impact on each segment.

 

Phosphate Fertilizers Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 1.95%

Market growth 2021-2025

$ 4.76 million

Market structure

Fragmented

YoY growth (%)

1.85

Regional analysis

APAC, South America, North America, Europe, and MEA

Performing market contribution

APAC at 53%

Key consumer countries

China, India, Brazil, US, France, and Russian Federation

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Coromandel International Ltd., EuroChem Group AG, Hubei Xingfa Chemicals Group Co. Ltd., Israel Chemicals Ltd., Jordan Phosphate Mines Co. PLC, Maaden - Saudi Arabian Mining Co., Nutrien Ltd., OCP SA, PhosAgro AG, and The Mosaic Co.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Phosphate Fertilizers Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive phosphate fertilizers market growth during the next five years
  • Precise estimation of the phosphate fertilizers market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the phosphate fertilizers industry across APAC, South America, North America, Europe, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of phosphate fertilizers market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis- Fertilizers and agricultural chemicals

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 (thousand tons)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five force summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 15: Application - Market share 2020-2025 (%)
    • 5.2 Comparison by Application
      • Exhibit 16: Comparison by Application
    • 5.3 Cereals and grains - Market size and forecast 2020-2025
      • Exhibit 17: Cereals and grains - Market size and forecast 2020-2025 (thousand tons)
      • Exhibit 18: Cereals and grains - Year-over-year growth 2020-2025 (%)
    • 5.4 Fruits and vegetables - Market size and forecast 2020-2025
      • Exhibit 19: Fruits and vegetables - Market size and forecast 2020-2025 (thousand tons)
      • Exhibit 20: Fruits and vegetables - Year-over-year growth 2020-2025 (%)
    • 5.5 Oilseeds - Market size and forecast 2020-2025
      • Exhibit 21: Oilseeds - Market size and forecast 2020-2025 (thousand tons)
      • Exhibit 22: Oilseeds - Year-over-year growth 2020-2025 (%)
    • 5.6 Others - Market size and forecast 2020-2025
      • Exhibit 23: Others - Market size and forecast 2020-2025 (thousand tons)
      • Exhibit 24: Others - Year-over-year growth 2020-2025 (%)
    • 5.7 Market opportunity by Application
      • Exhibit 25: Market opportunity by Application

    6 Customer landscape

    • 6.1 Overview
      • Exhibit 26: Customer landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 27: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 28: Geographic comparison
    • 7.3 APAC - Market size and forecast 2020-2025
      • Exhibit 29: APAC - Market size and forecast 2020-2025 (thousand tons)
      • Exhibit 30: APAC - Year-over-year growth 2020-2025 (%)
    • 7.4 South America - Market size and forecast 2020-2025
      • Exhibit 31: South America - Market size and forecast 2020-2025 (thousand tons)
      • Exhibit 32: South America - Year-over-year growth 2020-2025 (%)
    • 7.5 North America - Market size and forecast 2020-2025
      • Exhibit 33: North America - Market size and forecast 2020-2025 (thousand tons)
      • Exhibit 34: North America - Year-over-year growth 2020-2025 (%)
    • 7.6 Europe - Market size and forecast 2020-2025
      • Exhibit 35: Europe - Market size and forecast 2020-2025 (thousand tons)
      • Exhibit 36: Europe - Year-over-year growth 2020-2025 (%)
    • 7.7 MEA - Market size and forecast 2020-2025
      • Exhibit 37: MEA - Market size and forecast 2020-2025 (thousand tons)
      • Exhibit 38: MEA - Year-over-year growth 2020-2025 (%)
    • 7.8 Key leading countries
      • Exhibit 39: Key leading countries
    • 7.9 Market opportunity by geography
      • Exhibit 40: Market opportunity by geography (thousand tons)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • Exhibit 41: Impact of drivers and challenges
      • 8.3 Market trends

        9 Vendor Landscape

        • 9.1 Overview
          • Exhibit 42: Vendor landscape
        • 9.2 Landscape disruption
          • 9.3 Competitive scenario

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 45: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 46: Market positioning of vendors
            • 10.3 Coromandel International Ltd.
              • Exhibit 47: Coromandel International Ltd. - Overview
              • Exhibit 48: Coromandel International Ltd. - Business segments
              • Exhibit 49: Coromandel International Ltd. - Key offerings
              • Exhibit 50: Coromandel International Ltd. - Segment focus
            • 10.4 EuroChem Group AG
              • Exhibit 51: EuroChem Group AG - Overview
              • Exhibit 52: EuroChem Group AG - Product and service
              • Exhibit 53: EuroChem Group AG - Key offerings
            • 10.5 Hubei Xingfa Chemicals Group Co. Ltd.
              • Exhibit 54: Hubei Xingfa Chemicals Group Co. Ltd. - Overview
              • Exhibit 55: Hubei Xingfa Chemicals Group Co. Ltd. - Product and service
              • Exhibit 56: Hubei Xingfa Chemicals Group Co. Ltd. - Key offerings
            • 10.6 Israel Chemicals Ltd.
              • Exhibit 57: Israel Chemicals Ltd. - Overview
              • Exhibit 58: Israel Chemicals Ltd. - Business segments
              • Exhibit 59: Israel Chemicals Ltd. - Key offerings
              • Exhibit 60: Israel Chemicals Ltd. - Segment focus
            • 10.7 Jordan Phosphate Mines Co. PLC
              • Exhibit 61: Jordan Phosphate Mines Co. PLC - Overview
              • Exhibit 62: Jordan Phosphate Mines Co. PLC - Product and service
              • Exhibit 63: Jordan Phosphate Mines Co. PLC - Key offerings
            • 10.8 Maaden - Saudi Arabian Mining Co.
              • Exhibit 64: Maaden - Saudi Arabian Mining Co. - Overview
              • Exhibit 65: Maaden - Saudi Arabian Mining Co. - Product and service
              • Exhibit 66: Maaden - Saudi Arabian Mining Co. - Key offerings
            • 10.9 Nutrien Ltd.
              • Exhibit 67: Nutrien Ltd. - Overview
              • Exhibit 68: Nutrien Ltd. - Business segments
              • Exhibit 69: Nutrien Ltd. - Key offerings
              • Exhibit 70: Nutrien Ltd. - Segment focus
            • 10.10 OCP SA
              • Exhibit 71: OCP SA - Overview
              • Exhibit 72: OCP SA - Product and service
              • Exhibit 73: OCP SA - Key offerings
            • 10.11 PhosAgro AG
              • Exhibit 74: PhosAgro AG - Overview
              • Exhibit 75: PhosAgro AG - Product and service
              • Exhibit 76: PhosAgro AG - Key offerings
            • 10.12 The Mosaic Co.
              • Exhibit 77: The Mosaic Co. - Overview
              • Exhibit 78: The Mosaic Co. - Business segments
              • Exhibit 79: The Mosaic Co. - Key offerings
              • Exhibit 80: The Mosaic Co. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Currency conversion rates for US$
                • Exhibit 81: Currency conversion rates for US$
              • 11.3 Research methodology
                • Exhibit 82: Research Methodology
                • Exhibit 83: Validation techniques employed for market sizing
                • Exhibit 84: Information sources
              • 11.4 List of abbreviations
                • Exhibit 85: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              The phosphate fertilizers market market growth will increase by $$ 4.76 mn during 2022-2025.
              The phosphate fertilizers market market is expected to grow at a CAGR of 1.95% during 2022-2025.
              Technavio has segmented the phosphate fertilizers market market by application (cereals and grains, fruits and vegetables, oilseeds, and others) and geographic (APAC, South America, North America, Europe, MEA, APAC, South America, North America, Europe, and MEA).
              Coromandel International Ltd., EuroChem Group AG, Hubei Xingfa Chemicals Group Co. Ltd., Israel Chemicals Ltd., Jordan Phosphate Mines Co. PLC, Maaden - Saudi Arabian Mining Co., Nutrien Ltd., OCP SA, PhosAgro AG, The Mosaic Co. are a few of the key vendors in the phosphate fertilizers market market.
              APAC will register the highest growth rate of 53% among the other regions. Therefore, the phosphate fertilizers market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              • China
              • India
              • Brazil
              • US
              • France
              • Russian Federation
              The key factors driving the phosphate fertilizers market market growth are:
              • Growing demand for phosphate fertilizers
              • Growing awareness about organic farming
              The phosphate fertilizers market market vendors should focus on grabbing business opportunities from the cereals and grains segment as it accounted for the largest market share in the base year.
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