Global Phosphatic Fertilizers Market is projected to reach worth 73.28 Billion by 2023.
Phosphatic Fertilizers Market By Type (Diammonium Phosphate (DAP), Monoammonium Phosphate (MAP), Superphosphate And Others), By Application (Grains & Oilseeds, Fruits & Vegetables And Others)
(EMAILWIRE.COM, October 24, 2018 ) In the year 2018, Global Phosphatic Fertilizers Market was valued at USD 61.7 Billion. By the year 2023, it is expected to reach USD 73.28 Billion at pace of 3.5% CAGR.
Phosphorus is an important nutrient which is required in the plant growth. It helps in developing of root, seed development and plant maturation. Nitrogen and potassium are important elements in the plant life, besides phosphorus is also considered as the major element for the plant growth. To maintain healthy growth, farmers and gardeners apply phosphate-based fertilizer in the young plants and soils which leads to increase the phosphorus levels. Modern farming is dependent on the use of inorganic fertilizers that contain phosphorus to increase the production of grains and forage.
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Underlying Causes
The growth for Phosphatic Fertilizers market is driven due to factors like increasing population across the globe, growing usage of phosphorous in chemical fertilizers and feed supplements, increasing use of phosphorous fertilizers in agriculture to enhance the crop yield and soil fertility. In addition, rising demand for food, growing consumption of meat and milk, advancement of technologies in agriculture sector, and introduction of new farming techniques are driving the market growth. However, stringent government policies, high price related to phosphate-based fertilizers are some of the factors restraining the growth for global phosphate fertilizers market during the forecast period.
To know more read: https://www.marketdataforecast.com/market-reports/phosphatic-fertilizers-market-922/
Geographic Segmentation:
Based on geography the Phosphatic Fertilizers market has been primarily divided into Asia Pacific, Middle East and Africa, North America and Latin America. Asia-Pacific regions like India and China are rapidly growing due to increasing population, rising demand for diversified food such as fruits and vegetables, cereals and grains, and oilseeds, and improving farming techniques are expected to contribute high growth rate for phosphate fertilizers market during the forecast period.
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Key Players:
Leading companies for Global Phosphatic Fertilizers market are Agrium Inc., (Canada), Potash Corp. of Saskatchewan (Canada), Mosaic (U.S.), CF Industries Holdings Inc. (U.S.), OCP (Morocco), Eurochem (Russia), Coromandel International Ltd. (India), Phosagro (Russia), ICL (Israel), and Yara International ASA (Norway).
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Market Data Forecast is a market research firm offering syndicated research, consults and industry newsletters across various domains & verticals. With a well-established in-house team of experts from diverse fields and outsource research network across 100+ countries, we are the sole research providers for the majority of Fortune 500 companies. Along with the standards of reports being on par excellence, our unique services like free customization, analyst support for the period of six months post to the purchase will be the flag bearers and differentiates us from the rest. Our experience and in-depth understanding of various business environments will be a support to you and your organization in making well-informed decisions.
Contact Information:
Name: Mr. Abhishek Shukla
Email: abhishek@marketdataforecast.com
Organization: MarketDataForecast™
Address: 2nd Floor, Lakeview Plaza, Kavuri Hills, Hyderabad, Telangana 500033, India.
Phone: +1-888-702-9626
Phosphorus is an important nutrient which is required in the plant growth. It helps in developing of root, seed development and plant maturation. Nitrogen and potassium are important elements in the plant life, besides phosphorus is also considered as the major element for the plant growth. To maintain healthy growth, farmers and gardeners apply phosphate-based fertilizer in the young plants and soils which leads to increase the phosphorus levels. Modern farming is dependent on the use of inorganic fertilizers that contain phosphorus to increase the production of grains and forage.
View sample and decide: https://www.marketdataforecast.com/market-reports/phosphatic-fertilizers-market-922/request-sample
Underlying Causes
The growth for Phosphatic Fertilizers market is driven due to factors like increasing population across the globe, growing usage of phosphorous in chemical fertilizers and feed supplements, increasing use of phosphorous fertilizers in agriculture to enhance the crop yield and soil fertility. In addition, rising demand for food, growing consumption of meat and milk, advancement of technologies in agriculture sector, and introduction of new farming techniques are driving the market growth. However, stringent government policies, high price related to phosphate-based fertilizers are some of the factors restraining the growth for global phosphate fertilizers market during the forecast period.
To know more read: https://www.marketdataforecast.com/market-reports/phosphatic-fertilizers-market-922/
Geographic Segmentation:
Based on geography the Phosphatic Fertilizers market has been primarily divided into Asia Pacific, Middle East and Africa, North America and Latin America. Asia-Pacific regions like India and China are rapidly growing due to increasing population, rising demand for diversified food such as fruits and vegetables, cereals and grains, and oilseeds, and improving farming techniques are expected to contribute high growth rate for phosphate fertilizers market during the forecast period.
Get your customized report: https://www.marketdataforecast.com/market-reports/phosphatic-fertilizers-market-922/customize-report
Key Players:
Leading companies for Global Phosphatic Fertilizers market are Agrium Inc., (Canada), Potash Corp. of Saskatchewan (Canada), Mosaic (U.S.), CF Industries Holdings Inc. (U.S.), OCP (Morocco), Eurochem (Russia), Coromandel International Ltd. (India), Phosagro (Russia), ICL (Israel), and Yara International ASA (Norway).
About MarketDataForecast™
Market Data Forecast is a market research firm offering syndicated research, consults and industry newsletters across various domains & verticals. With a well-established in-house team of experts from diverse fields and outsource research network across 100+ countries, we are the sole research providers for the majority of Fortune 500 companies. Along with the standards of reports being on par excellence, our unique services like free customization, analyst support for the period of six months post to the purchase will be the flag bearers and differentiates us from the rest. Our experience and in-depth understanding of various business environments will be a support to you and your organization in making well-informed decisions.
Contact Information:
Name: Mr. Abhishek Shukla
Email: abhishek@marketdataforecast.com
Organization: MarketDataForecast™
Address: 2nd Floor, Lakeview Plaza, Kavuri Hills, Hyderabad, Telangana 500033, India.
Phone: +1-888-702-9626
Contact Information:
Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
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Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results