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Phosphate Fertilizer Market: Global Industry Analysis and Opportunity Assessment 2020-2024 | Technavio

·6-min read

The global phosphate fertilizer market size is expected to grow by 4.36 million ton during 2020-2024, progressing at a CAGR of almost 2% during the forecast period.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201202005710/en/

Technavio has announced its latest market research report titled Global Phosphate Fertilizers Market 2020-2024 (Graphic: Business Wire)

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The shrinking of arable land is one of the major factors propelling market growth.

A rapid rise in the population, economic development, and urbanization have impacted arable land and the agriculture industry. 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. Moreover, governments and regulatory agencies have executed several strategies to achieve food self-sufficiency, provide income support to farmers, ensure food security, and endorse sustainable agricultural practices and organic farming. Additionally, fertilizers can also be used to overcome soil fertility issues, as an extensive range of macronutrients and micronutrients are used as soil supplements to increase the productivity and quality of crops. The shrinking arable land and growing demand for food will significantly influence phosphate fertilizer market growth over the forecast period.

More details: www.technavio.com/report/phosphate-fertilizer-market-industry-analysis

Global Phosphate Fertilizer Market: Application Landscape

Cereals and grains are an essential part of the traditional diet, which increases the use of phosphate fertilizers for cereal and grain crops. These are commonly referred to as edible seeds and are the critical source of calorific energy. Additionally, cereals and grains contribute a significant amount of vitamins, minerals, and protein to the diet. Therefore, the increased consumption of cereals and grains is leading to the improvement in farming methodologies and technologies to meet the market demand. Moreover, market growth in this segment will be faster than the growth of the market in the other segments.

Global Phosphate Fertilizer Market: Geographic Landscape

APAC was the largest market for phosphate fertilizers in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The presence of strong agriculture industry, large population base, growing per capita income, and reduction in arable land will significantly influence phosphate fertilizer market growth in the region. Over 55% of the market’s growth will originate from APAC during the forecast period. China, India, and Myanmar are critical markets for phosphate fertilizer in APAC. Market growth in this region will be slower than the growth of the market in MEA and South America.

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Related Reports on Materials Include:

Global Fertilizer Additives Market: The fertilizer additives market size has the potential to grow by $ 386.81 mn during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. To get extensive research insights: Click and Get FREE Sample Report in Minutes!

Global Controlled-release Fertilizer Market: The controlled-release fertilizer market size has the potential to grow by USD 828.02 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. To get extensive research insights: Click and Get FREE Sample Report in Minutes!

Companies Covered

  • Coromandel International Ltd.

  • EuroChem Group AG

  • Hubei Xingfa Chemicals Group Co. Ltd.

  • Israel Chemicals Ltd.

  • Jordan Phosphate Mines Co. PLC

  • Nutrien Ltd.

  • OCP SA

  • PJSC PhosAgro

  • Saudi Arabian Mining Co. (Ma’aden)

  • The Mosaic Co.

What our reports offer:

  • Market share assessments for the regional and country-level segments

  • Strategic recommendations for the new entrants

  • Covers market data for 2019, 2020, till 2024

  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)

  • Strategic recommendations in key business segments based on the market estimations

  • Competitive landscaping mapping the key common trends

  • Company profiling with detailed strategies, financials, and recent developments

  • Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform

Phosphate Fertilizer Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024

  • Detailed information on factors that will assist in phosphate fertilizer market growth during the next five years

  • Estimation of the phosphate fertilizer market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the phosphate fertilizer market

  • Analysis of the market’s competitive landscape and detailed information on vendors

  • Comprehensive details of factors that will challenge the growth of the phosphate fertilizer market, vendors

Table of Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface

  • 2.2 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem

  • Market characteristics

  • Value chain analysis

  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition

  • Market sizing 2019

  • Market outlook

  • Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers

  • Bargaining power of suppliers

  • Threat of new entrants

  • Threat of substitutes

  • Threat of rivalry

  • Market condition

PART 06: MARKET SEGMENTATION BY APPLICATION

  • Market segmentation by application

  • Comparison by application

  • Cereals and grains - Market size and forecast 2019-2024

  • Fruits and vegetables - Market size and forecast 2019-2024

  • Oilseeds - Market size and forecast 2019-2024

  • Others - Market size and forecast 2019-2024

  • Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation

  • Geographic comparison

  • APAC - Market size and forecast 2019-2024

  • South America - Market size and forecast 2019-2024

  • North America - Market size and forecast 2019-2024

  • Europe - Market size and forecast 2019-2024

  • MEA - Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers

  • Market challenges

PART 11: MARKET TRENDS

  • Growing awareness about organic farming

  • Increasing preference for vertical integration among vendors

  • Global initiatives to improve agricultural output

PART 12: VENDOR LANDSCAPE

  • Overview

  • Landscape disruption

  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered

  • Vendor classification

  • Market positioning of vendors

  • Coromandel International Ltd.

  • EuroChem Group AG

  • Hubei Xingfa Chemicals Group Co. Ltd.

  • Israel Chemicals Ltd.

  • Jordan Phosphate Mines Co. PLC

  • Nutrien Ltd.

  • OCP SA

  • PJSC PhosAgro

  • Saudi Arabian Mining Co. (Ma’aden)

  • The Mosaic Co.

PART 14: APPENDIX

  • Research methodology

  • List of abbreviations

  • Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201202005710/en/

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