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Global phosphatic fertilizers market trends and forecasts 2016–2021 examined in new market research report

According to the report, The Global Phosphatic Fertilizers Market was worth USD 57.6 billion in 2016 and estimated to be growing at a CAGR of 3.5% to reach USD 68.41 billion by 2021.

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According to the report, The Global Phosphatic Fertilizers Market was worth USD 57.6 billion in 2016 and estimated to be growing at a CAGR of 3.5% to reach USD 68.41 billion by 2021.

The phosphate fertilizers are commercially mass produced with the help of phosphate rock. Hence the demand for phosphate rock is also predicted to witness a very high growth in coming years

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Phosphate is a crucial element for the progression of various crops owed to its capabilities in growth of seeds and roots as well as for the whole development of plants. The nature of modern farming is such that it is extremely reliant on the phosphate fertilizers on account of its aptitude to maximize grain and forage manufacture.

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The global demand for phosphate fertilizers is anticipated to observe a speedy growth on account of increasing demand for food as well as the forever growing world population. Increasing consumption of meat and milk has directed towards an upsurge in demand for forage production which has contributed to the growth in the phosphate fertilizers market.

Regulations executed by governments on account of phosphate rock being a non renewable resource and so there can be a few barriers on account of its accessibility acting as a restrain for this market.

Market Segmentation                                         

  1. By Type                    
  • 1 Diammonium Phosphate (DAP)   
  • 2 Monoammonium Phosphate (MAP)         
  • 3 Superphosphate 
  • 4 Other Type of phosphates            
  1. By Application                       
  • 1 Grains & Oilseeds
  • 2 Fruits & Vegetables          
  • 3 Other Applications            

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  • Global, regional and country-level analysisand forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
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  • Identification of key drivers, restraints, opportunities, and challenges (DROC)in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysisfor analysing the level of competition and business strategy development
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  • Expertly devised analyst overview along with Investment opportunitiesto provide both individuals and organizations a strong financial foothold in the market

The key players covered in this report are CF Industries Holdings Inc. (U.S.) OCP (Morocco) Agrium Inc. (Canada) Potash Corp. of Saskatchewan (Canada) Mosaic (U.S.) Eurochem (Russia) ICL (Israel) Yara International ASA (Norway) Coromandel International Ltd. (India) and Phosagro (Russia).

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