(Food-Beverage-News.Com, March 19, 2018 ) The report " Phosphatic Fertilizers Market by Type (Diammonium Phosphate (DAP), Monoammonium Phosphate (MAP), Superphosphate and Others), by Application (Grains & Oilseeds, Fruits & Vegetables and Others), and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)". The Phosphatic Fertilizers market is expected to reach USD 68.41 Billion by 2021 from an estimated USD 57.6 Billion in 2016, at a CAGR of 3.5%. The key factors such as such as increasing demand for food with the growing population, the rise in demand for forage production with increased consumption of meat & milk are driving the growth of this market.
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By type, the Superphosphate type fertilizer accounted for the largest share of the market in 2016
On the basis of products and services, the Phosphatic Fertilizers market has been segmented into Diammonium Phosphate (DAP), Monoammonium Phosphate (MAP), Superphosphate and Others. In 2016, the Superphosphate fertilizer dominated the global Phosphatic Fertilizers market. This is due to many advantages of superphosphate fertilizers compared to other phosphates.
By application, the fruits & vegetable segment accounted for the largest share of the market in 2016
On the basis of application, the Phosphatic Fertilizers market has been segmented into Grains & Oilseeds, Fruits & Vegetables and Others. In 2016, the fruits & vegetables accounted for the largest share of the global Phosphatic Fertilizers market followed by grains market as our body needs phosphate as a component of food compared to the nitrogenous fertilizers.
Asia Pacific accounted for the largest share of the Phosphatic Fertilizers market in 2016, followed by North America, and is likely to increase due to growing population. The largest share of the Asia Pacific Phosphatic Fertilizers market is mainly because of China as it is the largest manufacturer of phosphate fertilizers.
The various players in the Phosphatic Fertilizers market include CF Industries Holdings Inc. (U.S.), Agrium Inc., OCP (Morocco), Potash Corp. of Saskatchewan (Canada), (Canada), Eurochem (Russia), Mosaic (U.S.), Yara International ASA (Norway), ICL (Israel), and Phosagro (Russia), Coromandel International Ltd. (India).
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