The Business Research Company’s Phosphate Fertilizer Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Phosphate Fertilizer Global Market Report 2023 evaluates phosphate fertilizer market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global phosphate fertilizer market is expected to grow from $66,163.9 million in 2027 at a rate of 3.9%. The market is then expected to grow at a CAGR of 11.3% from 2027 and reach $113,173.3 million in 2032.
The rapid increase in the exports of phosphates is expected to drive the growth of the phosphate fertilizer market going forward. The most commonly used phosphatic fertilizers are Diammonium Phosphate (DAP), Monoammonium Phosphate (MAP), NPKs (Nitrogen, Phosphorus, and Potassium), and SSP (Single Super Phosphate). For example, in October 2022, according to Morocco World News, a US-based English language e-newspaper, Morocco’s phosphate exports saw a significant increase in 2022, reaching MAD 78 billion ($7 billion), a 68% increase from last year’s MAD 46.4 billion ($4.2 billion). Therefore, the rapid increase in the exports of phosphates is driving the growth of the phosphate fertilizer market.
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The phosphate fertilizer market segments in the report are:
1) By Type: Monoammonium Phosphate (MAP); Diammonium Phosphate (DAP); Superphosphate; Other Types
2) By Application: Cereals And Grains; Oilseeds; Fruits & Vegetables; Other Applications
3) By Distribution Channel: Online; Offline
The table of contents in TBRC’s phosphate fertilizer market report includes:
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