Is the phosphate fertilizers market growing?
Yes, the global phosphate fertilizers market is expected to grow at a CAGR of 5.5% from 2024 to 2031, reaching $103.1 billion by 2030. Factors like rising population and demand for increased crop yields are driving this growth.
What are the biggest trends in the phosphate fertilizers market?
Some key trends include the shift towards smart fertilizers, increasing interest in vertical integration by producers, and stricter government regulations.
What region dominates the phosphate fertilizers market?
North America currently holds the largest share due to its advanced agricultural sector, high demand, and focus on sustainable farming practices.
Who are the Key Players of phosphate fertilizers market?
The major global players in the market include Israel Chemicals Ltd., Coromandel International Ltd., The Mosaic Co., S.A OCP, PJSC PhosAgro., Eurochem Group AG, Agrium In, Potash Corp. of Saskatchewan Inc., Yara International ASA, and CF Industries Holdings Inc.