DUBLIN, Nov. 6, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Phosphate Fertilizers Market by Active Ingredient, Crop Type & By Geography: Trends & Forecasts To 2018" report to their offering.
Ground rock phosphate has been used as a source of phosphorous for acid soils in the past. However, due to the low availability of phosphorousin rock phosphate, high transportation costs and small crop responses have reduced the usage of rock phosphate in agriculture.Alternatively, the rising diversified food demand amid rising population factors have challenged farmers to increase the crop output from the limited arable land. These factors have made farmers use chemical fertilizers,which in creased the demand for the fertilizer market.
After nitrogen, phosphorus is an essential macronutrient required for the optimum crop production with respect to fertilizer utilization. Phosphorus nutrient is a component of the complex nucleic acid structure of plants, which regulates protein synthesis. Phosphorus in plants is involved in the formation of sugars, oils, starches, etc., and it also helps with the rapid growth of plants. Various forms of phosphorous are applied to overcome the specific phosphorous nutrient deficiency in soils.
The major phosphatic fertilizers used are diammonium phosphate (DAP), monoammonium phosphate (MAP), superphosphates, and others. The Asia-Pacific region is a larger consumer of phosphatic fertilizers, which is expected to rise at a CAGR of 2.7% by volume and 3.5% by value for the forecasted period. Latin America demonstrates a strong growth potential in phosphatic fertilizer consumption after the Asia-Pacific region.
Yara International ASA (Norway), Agrium Inc., (Canada), Coromandel International Ltd. (India), Potash Corp. of Saskatchewan (Canada), CF Industries Holdings Inc. (U.S.), Eurochem(Russia), OCP (Morocco), Mosaic(U.S.), ICL (Israel), and Phosagro (Russia) are key players in the phosphatic fertilizers market and their recent development strategies have been studied. In 2012, the grain & oil seeds segment held a greater share of the phosphatic fertilizers market of 52.2% by volume, in terms of application. Asia-Pacific holds a major market share of nearly 58.3%, by volume in the grain & oil seeds segment.
Key Topics Covered:
2 Executive Summary
3 Premium Insights
4 Market Overview
5 Phosphatic Fertilizers Market, By Type
6 Phosphatic Fertilizers Market, By Application
7 Phosphatic Fertilizers Market, By Geography
8 Competitive Landscape
9 Company Profiles
- Agrium Inc.
- Cf Industries Holdings Inc.
- Coromandel International Ltd.
- Israel Chemicals Limited
- Office Cherifien Des Phosphates
- Potash Corp. Of Saskatchewan Inc.
- The Mosaic Co.
- Yara International Asa
For more information visit http://www.researchandmarkets.com/research/j5dzmd/phosphate
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SOURCE Research and Markets