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The main driver for phosphorous fertilizer market is the agriculture industry. Plants need phosphorous for cell division, growth, photosynthesis, and nuclear formation. Phosphorous compounds transfer and store energy in plants. Hence most crops require significant amount of phosphorous during early stages of growth as deficiency of phosphorous leads to stunting, purpling, or browning on lower leaves or base stem of plants. However heavy doses of phosphorus fertilizer have no considerable result on roots, as most of the phosphorus utilized ends up getting washed away by rain before the plants can benefit from it.
Excess use of phosphorus fertilizer is a serious threat to water quality because it enters waterways through the storm drains. Phosphorus can also flourish unwanted aquatic plants and green algae that exhaust oxygen in water. Low water oxygen levels kills fish and other aquatic animals. Low oxygen levels in water also increases the cost of drinking water purification. Hence, U.S. has banned the use of phosphor in fertilizers.
Asia Pacific is leading consumer of phosphorous fertilizer followed by Europe and North America. Some of the leading manufacturers in phosphoric fertilizer market are Foskor, Yara International ASA, Omnia, Sasol Nitro, Ma'aden Phosphate Company and others.
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This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
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This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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