Phosphatic Fertilizers Market Share, Size, and Growth Analysis Through 2026
In 2018, the global phosphatic fertilizers market was valued at USD 62.24 billion. By 2026, it is forecasted to reach USD 83.28 billion, growing at a compound annual growth rate (CAGR) of 3.80%.
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Phosphatic Fertilizers Market Share, Size, and Growth Analysis Through 2026 In 2018, the global phosphatic fertilizers market was valued at USD 62.24 billion. By 2026, it is forecasted to reach USD 83.28 billion, growing at a compound annual growth rate (CAGR) of 3.80%. North America led the market in 2018, accounting for 12.11% of the total share. By 2032, the U.S. market alone is expected to generate nearly USD 8.47 billion, driven by the growing demand for phosphorus-rich nutrients, rising food production, and the adoption of advanced agricultural technologies to maximize crop yields. Phosphorus is essential for plant health, supporting root development, enhancing drought resistance, and aiding in seed and fruit formation. To address phosphorus-deficient soils, fertilizers such as diammonium phosphate (DAP) and monoammonium phosphate (MAP) are widely used, both rich in ammonia content. The rise of green ammonia as a sustainable raw material is expected to boost the industry further. For instance, in August 2018, OCP Group announced investments in green ammonia production to promote environmentally friendly fertilizer practices. As one of the world s largest phosphate fertilizer exporters, OCP relies significantly on ammonia for DAP and MAP production and is transitioning to cleaner sourcing options. Information Source: https://www.fortunebusinessinsights.com/phosphatic- fertilizers-market-102583 Key Market Drivers The industry outlook remains positive, supported by rising demand for eco- friendly fertilizers, expansion of agricultural economies, and ongoing product innovation. Sustainable alternatives, including slow-release and bio-based fertilizers, are reducing environmental impact while enhancing nutrient uptake. Additionally, agricultural investments in Asia-Pacific and Latin America particularly in high-value crop production are accelerating fertilizer adoption. Emerging technologies such as nano-fertilizers and controlled-release formulations are also improving nutrient efficiency and sustainability, driving market growth. Innovation as a Growth Factor
Technological advancements continue to fuel market expansion. For example, in September 2016, ICL launched its E-Max Release Technology, a controlled-release system designed to supply nutrients like phosphate and nitrogen efficiently. Such innovations are reinforcing competitive positions and supporting industry development. Market Challenges Despite growth prospects, the industry faces several hurdles. Rising phosphate rock costs are a major concern, with extraction becoming more expensive in regions such as Morocco, China, and the U.S. Environmental risks from fertilizer overuse, including runoff and water contamination, have led to stricter regulations, particularly in Europe. Moreover, supply chain disruptions, volatile pricing, and regulatory pressures continue to challenge market stability and investor confidence. Regional Insights: North America Leads, Asia-Pacific Expands The market is divided across North America, Asia-Pacific, Latin America, and the Middle East & Africa. North America has maintained a strong presence, generating USD 7.54 billion in 2018 and showing steady progress. Meanwhile, Asia-Pacific is projected to record faster growth due to extensive agricultural practices and the rapid adoption of modern farming techniques. Key Market Participants Leading players in the phosphatic fertilizers market include: Yara International ASA Israel Chemical Ltd. The Mosaic Company CF Industries Holdings, Inc. Coromandel International Limited The OCP Group PhosAgro PJSC Sociedad Qu mica y Minera de Chile S.A. Nutrien Ltd. Koch Industries, Inc. Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample- pdf/phosphatic-fertilizers-market-102583 Recent Updates
February 2019: ICL unveiled two phosphatic fertilizers, Renovator and Turf Starter, developed with Pearl Technology to improve nutrient delivery and performance.
