Phosphate Rock Market to Reach USD 43.82 Billion By 2027 | Reports and Data

Phosphate Rock Market to Reach USD 43.82 Billion By 2027 | Reports and Data

GlobeNewswire

Published

Growing demand for phosphate rock as an animal feed additive is a significant factor driving the Phosphate Rock market demand.

New York, Nov. 30, 2020 (GLOBE NEWSWIRE) -- The global phosphate rock market size is forecast to reach USD 43.82 Billion by 2027, according to a new report by Reports and Data. Phosphate rock find wide application in fertilizers, feed additives and chemical industries. The expansion of these industries and the demand for high crop yield would be driving factors for the phosphate rock market. Population across the globe is presently growing at a rate of about 1.05% per year. The existing average increase in population is anticipated to be 81 million people each year. The global population has increased from 3 billion in 1959 to 6 billion in 1999. It is projected that it will take another approximately 40 years to grow by another 50% to reach 9 billion by the year 2037. This trend indicates a growing demand for food products worldwide. Food demand is likely to increase in the range of 59.0% to 98.0% by 2050. One of the ways this demand could be met by improving productivity on existing agricultural lands by use of phosphate-based fertilizers and fungicides.

*Get FREE Sample Copy with TOC of the Report to understand the structure of the complete report@ *https://www.reportsanddata.com/sample-enquiry-form/3695

*The COVID-19 impact:*

The COVID-19 pandemic is having a significant impact on the phosphate rock industry. Demand for phosphate rock is suffering as various end-use markets and global supply chains have been upended, and the competitive order of manufacturers has witnessed a change. The shortage of demand has pushed the global chemical sector into an oversupply situation. Hindrance to free movement of the labor force required for the application of fertilizers in the agricultural fields has deterred the growth of the market during the COVID-19 pandemic. Movement restrictions are immediately affecting the industry, and once the compulsory social distancing ends, it is hoped that things would get back to normal conditions.

*Further key findings from the report suggest*

·  Large amounts of igneous phosphate rocks are produced from the deposits mined in Russia, Finland, Brazil, the Republic of South Africa, and Zimbabwe. Igneous phosphate rocks are generally low in grade with less than 5.0% phosphorous oxide but can be upgraded to around 35.0% to more than 40.0% phosphorous oxide.
· By distribution channel, the online distribution channel is projected to grow at a faster rate in the period 2020-2027, as this mode of distribution has the advantage of providing a broader exposure to the product produced by the manufacturers, especially with the proliferation of smart devices and internet connectivity.
· Phosphorus in phosphate fertilizers are absorbed primarily during the vegetative growth and, subsequently, is re-translocated into seeds and fruits during reproductive stages. Phosphorous deficient plants & crops display hindered growth and often a dark green and reddish coloration.
· The demand for phosphate rock in the North American region may be primarily attributed to the surging demand in the production of phosphate-based fertilizers. As per the Food and Agriculture Organization, the consumption of the phosphate-based fertilizer in the U.S. in the year 2012 was 40 million tons, and it grew to 42.5 million tons in the year 2016.
· Key participants include Nutrien Limited, Hubei Xingfa Chemicals Group Co. Ltd., PhosAgro, Itafos, OCP Group, Yunnan Phosphate Haikou Co. Ltd. (YPH), The Mosaic Company, Fertoz, SC Phosphate Resources Limited, and Misr Phosphate, among others.

*BUY NOW (Customized Report Delivered as per Your Specific Requirement)@ *https://www.reportsanddata.com/checkout-form/3695

For the purpose of this report, Reports and Data has segmented into the global phosphate rock market on the basis of deposits, distribution channel, application, and region:

· *Deposits Outlook (Revenue, USD Billion; 2017-2027)*

· Sedimentary Marine
· Igneous
· Metamorphic
· Biogenic
· Others

· *Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)*

· Online
· Offline

· *Application Outlook (Revenue, USD Billion; 2017-2027)*

· Fertilizers
· Animal Feed
· Water Treatment
· Others

*To identify the key trends in the industry, click on the link below:   *https://www.reportsanddata.com/report-detail/phosphate-rock-market

· *Regional Outlook (Revenue, USD Billion; 2017-2027)*

· North America

1. U.S.
2. Canada

· Europe

1. Germany
2. UK
3. France
4. BENELUX
5. Rest of Europe

· Asia Pacific

1. China
2. Japan
3. South Korea
4. Rest of APAC

· MEA

1. Saudi Arabia
2. UAE
3. Rest of MEA

· Latin America

1. Brazil
2. Rest of LATAM

*Take a Look at our Related Reports:*

*Agricultural Biostimulants Market *Analysis By Type (Acid-based, Extract-based, Others), By Application (Soil, Foliar, Seed and Others) And Segment Forecasts, 2017-2026

*Potash Fertilizers Market *Share, Size & Analysis, By Product Type (Potassium Chloride, Potassium Nitrate, Sulfate of Potash), By Mode of Application (Foliar, Broadcasting, Fertigation), By Crop Type (Cereals & Grains, Fruits & Vegetables, Oilseeds & Pulses), 2017-2027

*Seed Treatment Market *Size, Share & Demand, By Type (Chemical Seed Treatment, Biological Seed Treatment), By Crop Type, By Application Technique, By Function And By Region, Forecasts To 2027

*Biopesticides Market *Size, Share & Analysis, By Product Type (Bioherbicides, Bioinsecticides, Bionematicides), By Crop Type, By Mode of Application, By Source, By Formulation, And By Region, Forecasts To 2027

*Phosphate Fertilizer Market *Demand, Share & Outlook, By Product Type (Superphosphate, Monoammonium Phosphate, Diammonium Phosphate), By Application, By Distribution Channel And By Region, Forecasts To 2027

*About Reports and Data*

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

*Contact Us:*

John W

Head of Business Development

Reports And Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com

LinkdIn | Twitter | BlogsLinkdIn | Twitter | Blogs

*Read full Press Release: https://www.reportsanddata.com/press-release/global-phosphate-rock-market*

CONTACT: Contact Us:

John Watson

Head of Business Development

Reports And Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com

LinkdIn | Twitter | BlogsLinkdIn | Twitter | Blogs

Full Article