Global Phosphorus Fertilizers Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Diammonium Phosphate (DAP) , Monoammonium Phosphate (MAP) , Superphosphate and Others.

By Application;

Grains & Oilseeds , Fruits & Vegetables and Cereals.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn885948784 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Phosphorus Fertilizers Market (USD Million), 2021 - 2031

In the year 2024, the Global Phosphorus Fertilizers Market was valued at USD 69,228.71 million. The size of this market is expected to increase to USD 98,063.01 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.1%.

The surge in demand for phosphorus fertilizers is closely tied to the agricultural sector's increasing need for fertilizers providing essential nutrients like nitrogen and potassium. Key application areas include various agricultural products such as fruits, vegetables, cereals, and pulses. The utilization of phosphorus fertilizers in diverse grains plays a pivotal role in promoting robust root growth, enhancing crop quality, and fortifying stalk strength. Globally, phosphorus rocks stand out as the primary sources of phosphorus, with the United States leading in both production and consumption of phosphate rocks crucial for fertilizer manufacturing.

The market's growth is significantly propelled by the escalating global demand for food, driven by the ever-growing world population. This rising demand for food is prompting an increased global demand for phosphates. However, the market faces challenges in terms of surging raw material costs, particularly due to heightened investments in expanding mine capacities. This trend is anticipated to persist, impacting global raw material costs for the foreseeable future.

Emerging economies, notably Brazil and India, are recognizing the importance of phosphorus fertilizers in agricultural production. Government support in these agrarian economies is encouraging farmers and local entrepreneurs to escalate the consumption of fertilizer-grade phosphate, further boosting market growth. Despite the positive trajectory, the industry witnessed disruptions during the COVID-19 pandemic. Given that many countries in the Asia Pacific heavily rely on agriculture, any slowdown or temporary halts in cross-border trade have substantial repercussions on agricultural operations and companies.

The pandemic led to supply restrictions and refinery curtailments, causing sharp increases in the prices of primary raw materials like ammonia and sulfur in 2020. In summary, while the Global Phosphorus Fertilizers Market experiences robust growth driven by agricultural demands and government support, it remains susceptible to external disruptions, as highlighted by the challenges posed by the COVID-19 pandemic and fluctuating raw material prices.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Phosphorus Fertilizers Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Essential Nutrient for Plant Growth
        2. Increased Global Food Demand
        3. Balanced Plant Nutrition (NPK Fertilizers)
        4. Government Support and Subsidies
        5. Awareness of Soil Health and Fertility
      2. Restraints
        1. Volatility in Phosphorus Prices
        2. Overuse and Mismanagement
        3. Regulatory Challenges and Compliance
        4. Dependency on Agriculture Sector
        5. Limited Global Phosphorus Reserves
      3. Opportunities
        1. Precision Agriculture Technologies
        2. Recycling and Resource Recovery
        3. Customized Fertilizer Solutions
        4. Digital Platforms for Market Access
        5. Bio-Based and Organic Phosphorus Fertilizers
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Phosphorus Fertilizers Market, By Type, 2021 - 2031 (USD Million)
      1. Diammonium Phosphate (DAP)
      2. Monoammonium Phosphate (MAP)
      3. Superphosphate
      4. Others
    2. Global Phosphorus Fertilizers Market, By Application, 2021 - 2031 (USD Million)
      1. Grains & Oilseeds
      2. Fruits & Vegetables
      3. Cereals
    3. Global Phosphorus Fertilizers Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. CF industries Holdings Inc
      2. Coromandel International Ltd
      3. Eurochem Group AG
      4. Guizhou Wengfu Group Co. Ltd
      5. Israel Chemicals Ltd
  7. Analyst Views
  8. Future Outlook of the Market