Global Phosphate Fertilizer Market Size & Outlook
Global phosphate fertilizer market, 2018-2030 (US$M)
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Global phosphate fertilizer market highlights
- The global phosphate fertilizer market generated a revenue of USD 42,434.6 million in 2022 and is expected to reach USD 67,616.0 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 6% by 2030.
- In terms of segment, monoammonium phosphate (map) accounted for a revenue of USD 16,201.8 million in 2022.
- Triple Superphosphate (TSP) is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, China is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 42,434.6 million |
| Market revenue in 2030 | USD 67,616.0 million |
| Growth rate | 6% (CAGR from 2022 to 2030) |
| Largest segment | Monoammonium phosphate (map) |
| Fastest growing segment | Triple Superphosphate (TSP) |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Monoammonium Phosphate (MAP), Diammonium Phosphate (DAP), Single Superphosphate (SSP), Triple Superphosphate (TSP) |
Other key industry trends
- In terms of revenue, the North America accounted for 9.9% of the global phosphate fertilizer market in 2022.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, China is the fastest growing regional market and is projected to reach USD 27,296.2 million by 2030.
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Phosphate Fertilizer Market Scope
Phosphate Fertilizer Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global phosphate fertilizer market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to phosphate fertilizer market will help companies and investors design strategic landscapes.
Monoammonium phosphate (map) was the largest segment with a revenue share of 38.18% in 2022. Horizon Databook has segmented the Global phosphate fertilizer market based on monoammonium phosphate (map), diammonium phosphate (dap), single superphosphate (ssp), triple superphosphate (tsp) covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Phosphate Fertilizer Product Outlook (Revenue, USD Million, 2018-2030)
- Urea
- Methylene Urea
- Ammonium Nitrate
- Ammonium Sulfate
- Ammonia
- Calcium Ammonium Nitrate
- Others
- Monoammonium Phosphate (MAP)
- Diammonium Phosphate (DAP)
- Single Superphosphate (SSP)
- Triple Superphosphate (TSP)
- Muriate of Potash (MOP)
- Sulfate of Potash (SOP)
- Global Phosphate Fertilizer Application Outlook (Revenue, USD Million, 2018-2030)
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
- Others
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Target buyers of Global phosphate fertilizer market databook
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Our clientele includes a mix of phosphate fertilizer market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global phosphate fertilizer market , including forecasts for subscribers. This global databook contains high-level insights into Global phosphate fertilizer market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global phosphate fertilizer market size, by region, 2018-2030 (US$M)
Top 10 countries: Phosphate fertilizer market size, 2022 (US$M)
Global phosphate fertilizer market share, by product, 2022 & 2030 (%, US$M)
Phosphate fertilizer market: Opportunity assessment by country
Global phosphate fertilizer market, by region, 2022 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latin America | 2,007.0 | 1,886.4 | 2,456.3 | 3,611.4 | 6,608.3 | 7,023.7 | 7,464.7 | 7,932.9 | 8,429.9 | 8,957.5 | 9,517.5 | 10,111.9 | 10,742.7 | 6.2% |
| Europe | 1,116.2 | 1,156.5 | 1,362.3 | 1,618.0 | 2,706.1 | 2,869.3 | 3,043.1 | 3,228.2 | 3,425.4 | 3,635.5 | 3,859.5 | 4,098.3 | 4,352.9 | 6.4% |
| North America | 1,592.9 | 1,756.8 | 1,632.8 | 2,594.1 | 4,214.9 | 4,474.1 | 4,749.9 | 5,043.4 | 5,355.8 | 5,688.4 | 6,042.4 | 6,419.4 | 6,820.9 | 7.0% |
| MEA | 483.9 | 490.4 | 483.9 | 839.1 | 1,505.4 | 1,595.1 | 1,690.5 | 1,792.0 | 1,900.0 | 2,014.8 | 2,137.0 | 2,267.1 | 2,405.6 | 6.1% |
| Asia Pacific | 7,172.7 | 8,034.2 | 23,533.4 | 25,697.3 | 27,399.9 | 28,988.3 | 30,676.0 | 32,469.7 | 34,376.4 | 36,403.8 | 38,559.9 | 40,853.5 | 43,293.9 | 6.9% |
| Overall | 12,372.7 | 13,324.3 | 29,468.8 | 34,359.9 | 42,434.6 | 44,950.5 | 47,624.2 | 50,466.2 | 53,487.5 | 56,700.0 | 60,116.4 | 63,750.2 | 67,616.0 | 6.0% |
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