Market Size of global phosphatic fertilizer Industry
| Icons | Lable | Value |
|---|---|---|
|
Study Period | 2016 - 2030 |
|
Market Size (2024) | USD 54.03 Billion |
|
|
Market Size (2030) | USD 81.73 Billion |
|
Largest Share by Product | DAP |
|
|
CAGR (2024 - 2030) | 7.14 % |
|
Largest Share by Region | Asia-Pacific |
Major Players |
||
|
||
|
*Disclaimer: Major Players sorted in no particular order |
Phosphatic Fertilizers Market Analysis
The Global Phosphatic Fertilizer Market size is estimated at USD 54.03 billion in 2024, and is expected to reach USD 81.73 billion by 2030, growing at a CAGR of 7.14% during the forecast period (2024-2030).
- Fastest growing segment by Type - SSP : SSP fertilizer has a higher agronomic advantage due to the presence of both Ca and S in addition to phosphorous. The P in it reacts similarly to the water-soluble fertilizer.
- Largest Segment by Crop Type - Field Crops : Field crops are widely cultivated worldwide and are a staple food in many parts of the world. They account for a maximum share by area in most agricultural countries.
- Largest Segment by Application Mode - Soil : Soil application is a convenient way of applying fertilizers without any equipment. This method of application helps in improving both plant health and soil fertility.
- Largest segment by Country - France : France is the world's largest consumer of phosphatic fertilizers, by value, due to the higher price of fertilizers. However, its fertilizer consumption by volume is low.
