Phosphatic Fertilizers Market, with a 5.46% CAGR, is expected to grow to USD 97.463 billion in 2031 from USD 70.841 billion in 2025.
Phosphoric anhydride or the abbreviation P2O5 is typically used to indicate the phosphorus ingredient found in phosphate fertilisers. the amount of phosphorus that is present there. The quantity of HPO4- or H2PO4-ions that the fertiliser gives determines how much phosphorus is made accessible to the plants.
Phosphorus is a mineral that is rapidly absorbed by young plants, and water-soluble phosphatic fertilisers contain it in a form that is readily available in neutral soils. While water-soluble phosphorous is transformed into insoluble calcium phosphate in alkaline and calcareous soils, acidic soils and free iron contain aluminium hydroxy phosphates.
Application of phosphorus fertilizers
Major application areas include agricultural items including fruits, vegetables, grains, and pulses. The use of phosphorous fertilizers for different grains encourages root development, raises crop quality, and strengthens stalks. The most important phosphorus sources on the planet are phosphorus rocks. The use of phosphorous fertilizers in different grains encourages root development, raises crop quality, and strengthens stalks.
Diammonium phosphate (DAP), single superphosphate (SSP), mono ammonium phosphate (MAP), and NPKs are some of the most widely used phosphate fertilizers. Given its capacity to contribute to optimal nutrient management for both food and non-food crops, SSP is widely used throughout the nutrient sectors.
Major growth driving factors
The growing need for food due to an expanding worldwide population is driving up phosphate consumption on a global scale. In the upcoming years, it is anticipated that the rise in raw material prices brought on by increasing expenditures in new mine capacity expansions would persist. Monoammonium phosphate is the largest-growing fertilizer worldwide. The major factor is MAP's low cost and high concentration of phosphorous. Triple superphosphate(TSP) is the second largest growing fertilizer after MAP, which will impact the growth of the TSP fertilizer market.
Increasing consumer demand for meat substitutes and vegan diets, rising demand for cash crops and decorative crops, and rise in the online mode of distribution are some of the other growth driving factors.
Rising demand for cash crops and decorative crops.
The growth in population and disposable income has increased people's ability to purchase expensive goods like decorative and cash crops. Additionally, phosphate fertilizer compounds have been widely adopted by the agricultural and horticultural sectors of the economy, due to their capacity to increase plant production and efficiency.
Increasing consumer demand for meat substitutes and vegan diets
The increased consumption of vegan goods as a source of protein is significantly rising. For protein, consumers are depending more on agricultural goods like soybeans, lentils, and plant-based substitutes. According to the IARC report, eating red meat is considered carcinogenic to humans. This is expected to boost the market for agricultural goods and encourages farmers to invest in soil health and the wise use of fertilizers to promote agricultural production.
The cultivation of soil utilizing copious irrigation and greater use of fertilizers like nitrogen, phosphorous, and potassium is typical practice in intensive farming to produce better yields at reasonable pricing and is predicted to upsurge the market.
Rise in the online mode of distribution of phosphatic fertilizers
The online category is anticipated to experience substantial growth throughout the projection period, due to the quick acceptance of digitization in business practices and the development of e-commerce. Many initiatives are being implemented by governments throughout the world to make it easier to buy fertilizer online through government portals at discounted prices. For instance, the Aadhaar-enabled Fertilisers Distribution System (AeFDS) by the Indian government has declared it mandatory that retailers sell subsidized fertilizers by using Point of Sale (PoS) devices.
Asia Pacific is the largest growing market for phosphatic fertilizers
Asia Pacific is anticipated to the market, which is due to rising food output and rising demand for food items like rice and vegetables from Asia Pacific import-dependent nations. Phosphate fertiliser is used to improve plant maturity, increase crop output, and boost photosynthetic capability in plants.
Manufacturers are focusing on product innovations throughout the region. For instance, Phosphates PAC was launched by ICL Growing Solutions, for the creation of DCP and as a raw material for purification procedures, phosphoric acid (4D) is an appropriate choice. It has extremely low levels of cadmium, arsenic, fluorine, sulphate, and organic materials. appropriate as a raw material for FG Acid and for the synthesis of P feed (MCP, DCP).
India is anticipated to hold significant market share in Asia Pacific region
Among the Asia Pacific region, India is predicted to be largest growing phosphatic fertilizer market. For instance, according to an FAO article from 2023, India is the world's top producer (25 per cent of total production), user (27% of total consumption), and importer (14% of total imports) of pulses, which is anticipated to impact the usage of phosphatic fertilizers in the nation. DAP is frequently used as fertilizer for pulses when less nitrogen and more phosphorus are needed as a beginning dosage.
Additionally, many government initiatives have led to the growth of the phosphatic fertilizers market, for instance, in April 2022, to protect farmers from rising world costs, the government of India granted a subsidy for phosphatic and potash-based fertilizers totalling 609.4 billion rupees ($7.96 billion).
Phosphate Fertilizers Market Segmentation:
By Product Type
Monoammonium Phosphate (MAP)
Diammonium Phosphate (DAP)
Single Superphosphate (SSP)
Triple Superphosphate (TSP)
Others
By Form
Solid
Liquid
By Distribution Channel
Online
Offline
By Application
Cereals & Grains
Oilseeds & Pulses
Fruits & Vegetables
Others
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
UAE
Israel
Others
Asia Pacific
China
India
Japan
South Korea
Indonesia
Thailand
Taiwan
Others