What's driving the Phosphatic Fertilizers Market Growth? Prominent Players: Yara International ASA, Israel Chemical Ltd, The Mosaic Company and more

The global phosphatic fertilizers market size is projected to reach USD 83.28 billion by the end of 2026. The ability of phosphate to enhance the overall nutrient value of the crop will lead to a wider product adoption across the world. According to a report published by Fortune Business Insights, titled “Phosphatic Fertilizers Market Size, Share & Industry Analysis, By Type (Diammonium Phosphate, Monoammonium Phosphate, Single Superphosphate, Triple Superphosphate, and Others), By Crop Type (Cereals, Pulses & Oilseeds, Fruits & Vegetables, and Others), and Regional Forecast, 2019-2026,” the market was worth USD 62.24 billion and will exhibit a CAGR of 3.8% during the forecast period, 2019-2026.

List of top companies that operate in the global 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 Química y Minera de Chile S.A.
Nutrien Ltd.
Koch Industries, Inc.

Get Detailed Analysis on Phosphatic Fertilizers Market Research Report

https://www.fortunebusinessinsights.com/phosphatic-fertilizers-market-102583

Phosphatic fertilizers are substances that are inclusive of phosphate, a material that is essential for the health of the root of the plant. The use of phosphatic fertilizers will lead to an increase in the overall efficiency of the root as well as the plant. The increasing demand for crops and crop production across the world will create several growth opportunities for companies operating in the market. The massive investments made in the research and development of newer phosphatic fertilizes will bode well for the market in the coming years. The presence of several large scale companies will constitute an increase in the overall market size in the foreseeable future.

Increasing Number of Product Launches Will Aid Growth

The report encompasses several factors that have contributed to the growth of the market in recent years. The increasing number of product launches has made a huge impact on the growth of the market in recent years. In September 2016, ICL announced the launch of a new technology that will be used for the production of controlled release fertilizers. The company introduced ‘E-Max Release Technology’, a system that will release nutrients such as phosphate and nitrogen in a controlled manner. This product will help the company generate3 substantial phosphatic fertilizers market revenue in the coming years and will subsequently have a massive impact on the growth of the market.

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. Some industries are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

Request a Sample Research Report:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/phosphatic-fertilizers-market-102583

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

North America Holds the Highest Market Share; Increasing Demand for Sustainable Crop Produce Will Aid Growth

The report analyses the ongoing phosphatic fertilizers market trends across North America, Latin America, Asia Pacific, and the Middle East and Africa. Among these regions, the market in North America currently holds the highest market share, driven by the massive demand for crop and agricultural produce in several countries across this region. As of 2018, the market in North America was worth USD 7.54 billion and this value is projected to increase further in the coming years. Besides North America, the market Asia Pacific will witness considerable growth in the coming years, owing to the huge volume of area under cultivation.

Detailed Table of Content:

Introduction
Research Scope
Market Segmentation
Research Methodology
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Overview of the Parent Market
Regulatory Analysis
Supply Chain Analysis
Recent Industry Developments - Policies, Partnerships, Production Capacity Expansions, New Product Launches, and Mergers & Acquisitions
TOC Continued…!

Quick Buy - Phosphatic Fertilizers Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/102583

Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US :+1 424 253 0390
UK : +44 2071 939123ac
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Linkedin | Twitter | Blogs

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

This release was published on openPR.