Global Phosphate Fertilizer Market Outlook By Top Key Industry Players: Agrium, OCP S.A, Yara International, Coromandel International Limited, EuroChem, Mosaic, ICL - Performance Products LP, CF Industries

Phosphate Fertilizer Market application include in agriculture sector such as plant maturation and crop development. Presence of vast application has made the phosphate fertilizer market demand relatively stable. Large arable land coupled with growing population, particularly in countries such as India and China, is likely to positively influence demand. Indonesia, Bangladesh and Pakistan were some countries where significant rise in demand was observed, and is expected to continue over the forecast period.

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Growth in poultry industry as well as pork business owing increasing meat consumption and awareness of nutritional food to cattle is likely to drive phosphate fertilizers market size over the forecast period Adoption of modern farming which is majorly dependent on these products is also one of the reason anticipated to drive demand.

This fertilizer is a key element for the production of various crops due to its capabilities in production of seeds and roots as well as for the plants maturity. These are used in applications such as starches, sugar and oilseed. It also helps in the elimination of any kind of soil deficiency.

These fertilizers help plants to regulate protein synthesis essential for plant growth. It is an essential micronutrient for the optimal production, being an element of nucleic acid structure which helps in development of crop. Scarcity of phosphorous in rock phosphate, increasing transportation costs and less yield has discouraged its usage in agriculture.

The major challenge is the scarcity and non renewability of this resource coupled with government imposed regulations, which may affect market. Phosphate fertilizers market price trend is expected to fluctuate owing to scarcity of raw materials.

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Asia Pacific phosphate fertilizer market size was dominant and accounted for more than 55% total demand in 2015. China was major producer and is anticipated to add production capacities over the forecast period owing to rise in crop demand. North America accounted for over 25% in 2015. Latin America is likely to grow at significant rate over the forecast period.

The global phosphate fertilizer market share is fragmented and companies compete on the basis services provided to the clients. Key participants in market include Agrium, Coromandel International, Eurochem, Mosaic, OCP, ICL, Yara International, and CF Industries Holdings, Potash Corp. of Saskatchewan, and Phosagro.

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