The Phosphatic Fertilizer Market Research Report published by DecisionDatabases.com provides industry analysis and evaluation of the current and prospective market size, share, trend, growth and forecast during the study period (2014–2021).
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Phosphatic fertilizers are produced using the phosphates reservoirs found in a variety of rocks with the help of sulfuric acid. These fertilizers are very useful acidic soil apart from other types of soils. Phosphorous is an essential element for root and seed development as well as the maturation of plants, hence their fertilizers are a very essential component of the modern agricultural practices. Phosphorous enhances the production of grains as well as forage and thus constitute one of the important elements for the growth of a plant along with nitrogen and potassium.
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Phosphatic fertilizers are used on a variety of crops such as grains, oilseeds, fruits and vegetables. They arecan be of different types such as di-ammonium phosphate, mono-ammonium phosphate, super phosphate, etc. However, on the basis of their solubility in different solvents they can be classified as water-soluble phosphatic fertilizers, citric acid-soluble phosphatic fertilizers, water & citrate insoluble phosphatic fertilizers, kotka phosphate fertilizers, rhenania phosphate fertilizers, thermophos fertilizers, pelophos fertilizers, and coronat phosphate fertilizers. In the global phosphatic fertilizers market, DAP (di-ammonium phosphates) and superphosphates are the key products with their demand as well as production being the maximum, followed by the other varieties.
Asia-Pacific leads the Phosphatic Fertilizers market followed by Latin America and the Rest of the World (RoW).
Major player assessed in the report is :
- Yara International ASA
- Agrium Inc
- Coromandel International Ltd
- Potash Corp. of Saskatchewan
- CF Industries Holdings Inc
With the exponentially increasing world population, the pressure to get the maximum yield out of the available arable land is increasing tremendously. This demands use of modern agricultural techniques on the arable land such as the usage of fertilizers. This ideology is promoting the production and usage of varied fertilizers, phosphatic fertilizers in particular. However, production costs of these fertilizers are a possible constraint to the growth of this market. However, new techniques are coming up which can make the production process much more economical.
SEGMENTATION IN THE REPORT :
1. Phosphatic Fertilizers By Types :
- Diammonium Phosphate
- Monoammonium Phosphate
2. Phosphatic Fertilizers By Crops :
- Grain & Oilseed
- Fruit & Vegetable
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Nitrogenous fertilizers serve as an important source of nitrogen to the agricultural crops. Nitrogen is very essential for development and growth of plants and therefore, its fertilizer market is ever growing. It is used in a variety of crops such as cereals & grains, oil seeds, fruits and vegetables, etc.
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