This site uses cookies to optimize functionality and give you the best possible experience. On the downside, stringent private and government regulations in various countries are posing a challenge to industry growth. Global Phosphate Fertilizer Market Size, Outlook, Sector / Industry Report & Analysis, 2025 | Trusted Business Insights | Market Research Report info@trustedbusinessinsights.com +1-646-568-9797 (USA) | +44-330-808-0580(UK) sales@trustedbusinessinsights.com Phosphate outlook 2021: Prices expected to stay elevated From December 2020 to mid-January 2021, the US DAP price rose 7.73 percent; it is up 64 percent since January 2020. Adding fertilizers keeps the soil in optimum shape to feed the garden and also helps plant growth and development. The Global Phosphates Market report provides a holistic evaluation of the market for the forecast period. Downside price risks emanate from worsening weather conditions and the African Swine Fever outbreak (see earlier blog on food prices). The global market competition is highly intensive and relatively integrated, with the presence of limited key players capturing a major revenue share in 2016. This report has a service guarantee. In terms of volume, Asia Pacific held the largest market share in 2016, capturing 59.1% of the global market. In terms of volume, the market is estimated to expand at a CAGR of 1.8% between 2020 and 2027. In terms of revenue, the monoammonium phosphate (MAP) fertilizer segment was estimated at USD 10.3 billion in 2016 and is anticipated to register a CAGR of 4.7% from 2017 to 2025. hosts the Fertilizer Outlook Expert Group meeting, to review the medium-term supply and demand prospects for nitrogen, phosphorus and potassium fertilizers and provide world and regional forecasts. For the purpose of this study, Grand View Research has segmented the global phosphate fertilizer market report on the basis of product, application, and region: Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025), Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025), Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025), We never share your personal data. More information about the price reports we publish on Phosphate fertilizers This largely reflects an increase in MOP (potassium chloride) prices, while urea prices are forecast to remain relatively unchanged and DAP prices to fall. Farmers treat their lands with phosphorus fertilizers to increase the yield of their crops. Lastly, production decisions in the United States could be impacted by the recently announced $16 billion support program, most of which is expected to take place in the form of direct transfers. It can cause algae blooms, reduce water quality, and deplete oxygen levels, thereby stressing or killing aquatic life. Gardeners and farmers normally add supplemental phosphate fertilizers to the soil to increase crops’ ability to absorb soil phosphorus. Governments across the developing world are vying to incrementally ease restrictions on the manufacturing of fertilizers and maintain seasonal agricultural activities in order to reduce concerns regarding food security, which is a critical indicator for determining the course of a supply gap in the industry. online dashboard trial. In addition, the limited availability of arable land is likely to fuel demand over the forecast period. Phosphate rock or phosphorite is a type of sedimentary rock that contains excessive amounts of phosphate minerals. Fertilizer prices declined 5.4 percent in the first quarter of 2019 after three consecutive quarterly increases, with urea and DAP (diammonium phosphate) prices experiencing significant price drops. We stand by our report quality. MAP is a highly efficient source of nitrogen and phosphorous for plants and crops during the early stages of the growth cycle. About Phosphate Fertilizers Market In this report, the global Phosphate Fertilizers market is valued at USD XX million in 2016 and is expected to reach USD … Asia Pacific and Central & South America are providing ample opportunity to the global market for phosphate fertilizers and are expected to grow at a considerable rate over the forecast period. Rising demand for cereals and grains on account of the rapidly increasing population across the globe is anticipated to support the growth of phosphate fertilizers over the coming years. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). Further escalation of trade tensions could amplify trade diversion and crop planting patterns, and hence affect the relative demand for fertilizers. The outlook for 2017/18 is influenced by ample inventories and low prices for most crops; improving economic prospects in developed countries, Russia, Brazil and Sub-Saharan Africa; and growing political uncertainty in several large fertilizer-consuming markets. Rising population and changing dietary patterns have fueled the demand for food products in the region, which in turn, will drive the demand for phosphate fertilizers over the forecast period. On the other hand, the potash market remains hampered by production outages; supply from new facilities in Canada, Russia, and Turkmenistan have also fallen short of market expectations. But the price difference likely matters little – phosphate application was the first cost cut in spring applications for farmers concerned about commodity prices in the COVID-19 … Stringent environmental policies have led to plant closures and sharp reductions in urea and DAP exports from China—the world’s largest nitrogen and phosphates fertilizer producer. Cereals and grains formed the largest application segment in 2016 and this trend is anticipated to continue over the forecast period. However, a large amount of this resource is lost from farm fields through soil erosion and runoff and down-swirling toilets. Copyright © 2021 Grand View Research, Inc. All rights reserved. Phosphate Fertilizers Market By Active Ingredient (Diammonium Phosphate, Monoammonium Phosphate, Triple Superphosphate, Single Superphosphate, Superphosphate, Calcium Phosphate), By Crop Type Cereals & Grains, Oil Seeds, Fruits & Vegetables), By … Industry Outlook and Trend Analysis. CRU is a leader in fertilizer price assessments and we publish comprehensive phosphate prices from around the world on a weekly basis. Get your queries resolved from an industry expert. Global Phosphate Market By Type (Ammonium Phosphate, Calcium Phosphate, Phosphoric Acid, Potassium Phosphate, Others), By Application (Fertilizers, Foods & Beverages, Detergents, Water Treatment Chemicals, Others), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2019–2028 The report will account for Covid19 as a key market contributor. Key participants 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; and PJSC PhosAgro. Fertilizer prices (and hence, demand) are also subject to uncertainty around agricultural production. Upside risks include the possibility of another big harvest this year in the Southern Hemisphere, which has recorded bumper crops in recent years. All interactions are confidential. In order to meet the soaring demand for food in keeping with limited availability of arable land, crop yield can be increased with the help of phosphate fertilizers. If you continue to navigate this website beyond this page, cookies will be placed on your browser. This blog is the seventh in a series of nine blogs on commodity market developments, elaborating on themes discussed in the latest edition of the World Bank’s Commodity Markets Outlook. As garden vegetables grow, they undergo intensive processes to absorb nutrients from the soil. Although Chinese urea exports remained robust through the first four months of 2019, stricter enforcements could curtail production. After delayed ramp-ups in new capacity, phosphates production in Morocco and Saudi Arabia has risen. In the absence of renewed exemptions, the sanctions are expected to have a material impact on the urea market as Iran accounts for about 6 percent of global urea exports. Furthermore, this continual trend shall have a cascading effect on food productivity and crop yields on economies that are predominantly agrarian, during a time when demand for Agri produce shall register a spike over the medium term. It is essential to normal plant growth, especially for the absorption of the sun’s energy and converting it to useful plant compounds. Following the imposition of a 25 percent tariff in July 2018 by China on soybean imports from the United States, importers in China have turned to suppliers from Argentina and Brazil while U.S. farmers have substituted soybean plantings with corn, which is a nitrogen-intensive crop. The latest meeting of the Expert Group took place on 10-12 September 2018 in Rome, Italy, to prepare forecasts for the period 2017-2022. The global fertilizer market is expected to value at US$155.8 billion in 2019, and it is expected to register a CAGR of 3.8% during the forecast period (2019-2024). The rising population across the globe is boosting the demand for diversified food, which will eventually boost demand for phosphate fertilizers over the forecast period. This, in turn, is driving the global phosphate fertilizers market. Market outlook subscribers also have unfettered access to the analysts, for when the more complex questions arise. OUTLOOK ’20: Phosphates market ready for a difficult 2020 plagued by oversupply. This, in turn, will fuel the demand for phosphate fertilizers over the forecast period. Please fill out the form below for a free PDF report sample & The Phosphate Fertilizer Market was worth USD 49.78 billion in 2014 and is expected to reach approximately USD 60.71 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 2.23% during the forecast period. Global Phosphate Fertilizer Market Size, Outlook, Industry Report, 2025, Request discounts available for Start-Ups & Universities. Global Phosphate Fertilizers Market Outlook By Product (Monoammonium Phosphate, Diammonium Phosphate, Superphosphate), By Application (Cereals & Grains, Oilseeds, Fruits & Vegetables), And Segment Forecasts, 2018 - 2025 The market for phosphate fertilizers in Central and South America was dominated by Brazil, followed by Argentina and other countries such as Columbia and Chile. Phosphate fertilizer is a fertilizer whose main nutrient is phosphorus. Global Solid Phosphate Fertilizers Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2026 contains a detailed description of all the major market components that helps to better assess the past, current, and future market situation. Increasing global population, meat consumption, and diversified food demand are anticipated to drive this market. The global phosphate fertilizer market size was estimated at USD 51.6 billion in 2016. Grand View Research is registered in the State of California at Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105, United States. Phosphate fertilizers news and market information products from ICIS. In addition, the limited availability of arable land is likely to fuel demand over the forecast period. Fertilizer Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026) The Global Fertilizer Market is segmented By Type (Straight and Complex Fertilizers), By Crop Type (Grains and Cereals, Pulses and Oilseeds, Commercial Crops, Fruits and Vegetables, and Other Crop Types), and By Geography into North America, Europe, Asia-Pacific, South America and Africa. Improving the global economy, population growth, and better living standards have promoted the demand for more sophisticated food products, improved industrial products, and production technologies. Latest Phosphate Fertilizer Market report published by Value Market Research provides a detailed market analysis comprising of market size, share, value, growth and trends for … These expired in May 2019. The content of this field is kept private and will not be shown publicly. However, there is considerable near-term uncertainty on how prices adjust to the anticipated increase in liquefied natural gas capacity that could alter the market composition (see earlier blog on natural gas). Last year, the United States provided several large buyers of Iranian urea six-month waivers from the re-imposition of sanctions. Price directions depend on whether shippers predominantly choose to comply by installing scrubbers or by switching to blended fuels. Phosphate Fertilizers Market, Size, Share, Outlook and Growth Opportunities 2019-2025 Phosphate Fertilizers market outlook report presents key insights into global Phosphate Fertilizers markets and companies with emphasis on market size, growth factors, R&D investments, market shares and 2019 market dynamics. The rising population in countries, such as India and China, is anticipated to fuel demand for cereals and grains in order to cater to the soaring food demand in the region. The World Bank’s Fertilizer Price Index is projected to recover and gain 4.8 percent in 2019, according to the latest Commodity Markets Outlook. The global phosphate fertilizer market size was estimated at USD 51.6 billion in 2016. High concentrations of phosphorous or nitrogen in freshwater resources can lead to excessive aquatic plant and algae growth. DAP is a cost-effective source of nitrogen for crops. In 2018, Asia-Pacific was the largest geographical segment of the market studied and accounted for a share of around 60% of the overall market. This website is secure and your personal details are safe. As a critical component of the ‘green revolution’, phosphate fertilizers have contributed considerably in raising agricultural productivity and reducing hunger worldwide. Phosphate is a primary nutrient needed by plants to grow to their full potential. Phosphates Market was valued at USD 35.20 Billion in 2019 and is projected to reach USD 48.68 Billion by 2027, growing at a CAGR of 4.1% from 2020 to 2027.. Natural gas prices, a feedstock cost in the production of nitrogen fertilizers, are projected to recover from current levels. It is widely used for a range of crops in broad-acre farming, cereals, sugarcane, sowing pastures, dairy pastures, fodder crops, and horticultural crops. ... (ICIS)--The phosphates market is bracing for a challenging 2020, following a year of oversupply and lacklustre demand globally. Several phosphate fertilizers are used to meet the phosphorous (P) requirement in plants. The use of fertilizers in agriculture is one of the key land management practices that substantially increases crop yield and soil fertility. In addition, key players are manufacturing products using phosphate additives for a wide range of food applications. This report forecasts revenue growth at global, regional, and country levels and provides an analysis of industry trends in each of the sub-segments from 2014 to 2025. To learn more about cookies, click here. Senior Agriculture Economist, Development Economics Prospects Group. The World Bank’s Fertilizer Price Index is projected to recover and gain 4.8 percent in 2019, according to the latest Commodity Markets Outlook. India is the second-largest consumer and largest importer of diammonium phosphate (DAP) fertilizers. This document and its associated data outlines the projected supply and demand balance of the subject fertilizer industry for 25 years, along with its long run marginal … Phosphorous is required for root development, fruiting, and stem formation in vegetables like tomatoes, peppers, melons, squash, and cucumbers. Phosphate fertilizer consumption/demand includes H 3 PO 4-based fertilizer demand and non-H 3 PO 4 fertilizer demand. Fertilizer application in North America could also pick up in the spring season following limited application last fall due to early snow. Increasing global population, meat consumption, and diversified food demand are anticipated to drive this market. Privacy Policy. The extent of the impact depends on how buyers manage workarounds to the sanctions. Global Diammonium Phosphate Fertilizer Market By Type (Crystalline, and Granular), By Application (Cash Crops, and Grain), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2019-2028 It also facilitates plant uptake of phosphorous naturally present in the soil. Sewage discharges and fertilizer runoff containing phosphorous contribute to increased nutrient water levels. CRU’s wide-ranging expertise across fertilizers means our insights are firmly based on our team’s macroeconomic research and unrivalled market knowledge. Growth forecast on “ Biochar, Bonechar, Phosphate Fertilizers Market Size Share | Industry Segment by Applications (Agriculture andIndustrial), by Type (Biochar,Bonechar andPhosphate Fertilizers), Regional Outlook, Market Demand, Latest Trends, Biochar, Bonechar, Phosphate Fertilizers Industry Share & Revenue by Manufacturers, Company Profiles, Growth … Volume in Kilo Tons, Revenue in USD Million and CAGR from 2017 to 2025, North America, Europe, Asia Pacific, Central & South America, Middle East & Africa, U.S., Canada, Mexico, Germany, U.K., China, India, Indonesia, Brazil, Argentina, South Africa, Morocco, Volume forecast, revenue forecast, competitive landscape, growth factors and trends, 15% free customization scope (equivalent to 5 analysts working days), If you need specific market information, which is not currently within the scope of the report, we will provide it to you as a part of customization. The outlook for NOLA phosphates is soft in the short-term as the international market remains oversupplied, and it is unlikely that any significant productions cuts will be made domestically. Industry Outlook. Usage of phosphorous in chemical fertilizers and feed supplements enhances the soil’s nutrition. Recent investment into integrated low-cost capacity has put pressure on market prices since 2018, with key benchmark fob prices for DAP reducing from above $435 per tonne to … Fertilizer prices declined 5.4 percent in the first quarter of 2019 after three consecutive quarterly increases, with urea and DAP (diammonium phosphate) prices experiencing significant price drops. POTASH Its water solubility and high purity make MAP an ideal fertilizer for fertigation and foliar applications. Despite the environmental restrictions, exports from China increased in the fourth quarter of 2018. 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