Recent Developments

Potash Company of Saskatchewan Inc. sells and produces crop nutrients globally. It involves in the mining and dealing out of potash that is used as a fertilizer; and industrial products, urea, including ammonia, nitrogen solutions, diesel emission fluid, nitric acid and ammonium nitrate; production of nitrogen fertilizers and nitrogen feed, and manufacture and sale of solid and liquid phosphate fertilizers, phosphate feed, and industrial acid.

On January 2018, Potash Company of Agrium Inc. and Saskatchewan Inc., have Club together to form a new company Nutrien to offer crop services and inputs.

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Market Overview

Phosphatic Fertilizers Market was worth $61.7 billion in 2019 and estimated to be growing at a CAGR of 3.5%, to reach $73.28 billion by 2024.

Report segmented as:

By Type:

• Diammonium Phosphate (DAP)
• Monoammonium Phosphate (MAP)
• Superphosphate

By Application:

• Grains
• Oilseeds
• Fruits
• Vegetables
• Others

A critical component of ‘green revolution,’ phosphate fertilizers have contributed suggestively in decreasing hunger worldwide and increasing agricultural productivity. Hence, farmers pleasure their lands with phosphorus fertilizers to raise the yield of their crops. All these aspects, as mentioned earlier, drive the market progress.

Geographical Segmentation:

Based on geography, the market divided under many countries like North America, Latin America, Asia-Pacific, the Middle East, and Africa and Europe. Asia-Pacific has the largest share for Phosphatic Fertilizers Market.

Key market players

• Agrium Inc
• F. Industries Holdings Inc
• Israel Chemicals Limited
• Coromandel International Ltd
• PhosAgro
• Nutrien Ltd
• OCP S.A.
• The Mosaic Company
• Yara International ASA
• EuroChem Group AG
• Eurochem(Russia)
• Potash Corp. of Saskatchewan (Canada)
• F. Industries Holdings Inc. (U.S.)
• ICL (Israel)
• OCP (Morocco)
• Mosaic (U.S.)
• Phosagro (Russia)

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The Scope of the report:

The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed, and the prospects with huge growth potential identified and debated.

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