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2020-07-03
660
Global
Global phosphatic fertilizers market is growing rapidly on the back of rising population and significantly increased demand for food. Feeding a population of 9 billion in 2050 will put pressure on the limited farm lands and will rely upon the availability of plant nutrients corresponding with the necessary increase in productivity and the deployment of new plant and farming technologies. Global demand for total fertilizer nutrients is expected to grow at 1.8% per annum from 2017 to 2030. Global phosphate rock supply would grow by 10% compared with 2017 in 2030. Large expansion will majorly occur in Africa and West Asia, collectively accounting for more than 70% of the net increase. Modern farming method to increase the productivity and crop yield are majorly dependent on inorganic fertilizers. Rising demand for fertilizers to meet increased demand for food across the globe has significantly fueled the growth of phosphatic fertilizers market.
Global phosphatic fertilizers market is segmented on the following basis:
Geographically, strongest growth is predicted to occur in present largest potash fertilizers markets of Brazil, India and China. Asia Pacific region accounted for the largest market share of more than 45% in global phosphatic fertilizers market. China is the major producer of the phosphatic fertilizers in the region and the production is expected to grow significantly owing to rise in food crop demand in the region. Global phosphatic fertilizers capacity would grow by 8.2 Mt to 56.4 Mt in 2030. Large capacity additions are expected in Morocco and Saudi Arabia.
The global balance between grain supply-demand has improved in 2017-2018 marketing season as compared to early 2015. The global cereal production in 2016 has reached 2,499,000,000 tonnes as per the reports of Food and Agriculture Organization of UN (FAO). World fertilizer nutrient consumption has reached 187,900,000 tonnes in 2016, up by 2.0% over 2015. Rising demand for animal protein and dairy products in developing countries has also resulted in corresponding increase in demand for phosphatic fertilizers, as added demand for protein has effect on grain demand which is a primary feed for livestock. Depending on the meat type, between 2 kg of grain (for poultry) and more than 10 kg of grain (for beef) is required to produce 1 Kg of protein rich meat. Further, increased demand for dairy products and eggs, which requires intensive feeding of the animals, has also raised the demand for phosphatic fertilizers to increase the yield grains for livestock.
However, stringent government environmental regulations regarding the usage of inorganic fertilizers as they impact air, water and soil quality which contribute to greenhouse gases and adversely impact biodiversity. For instance, between 2010 and 2013 many states in U.S. banned the use of phosphorous fertilizers in order to prevent high level of phosphorous in water bodies which can lead to high excessive algae and aquatic plant growth which can harm aquatic life.
Market Synopsis
Market Segmentation
The Global Phosphatic Fertilizers Market is segmented as follows:
By Region
Market Dynamics: Growth Drivers, Restraints and Opportunities
Key Market Players
Porter’s Five Force Model
Market Landscape: Competition and Beyond
Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem
Expert Analysis
Concluding Remarks
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