Phosphate market at a CAGR of 3.88% during the forecast period 2023 to 2030

Market Research Future (MRFR) has published on the “Global Phosphate Market”.

The Phosphate market is estimated to register a CAGR of 3.88% during the forecast period of 2023 to 2030.

MRFR recognizes the following companies as the key players in the global Phosphate market—The Mosaic Company, EuroChem Group AG, Nutrien Ltd, Jordan Phosphate Mines Co., ICL Group Ltd, PhosAgro, Ma’aden-Saudi Arabian Mining Company, Yara International ASA, Innophos Holding Inc, Yunnan Phosphate Haikou Co., Ltd.

Global Phosphate Market Highlights

The global Phosphate market is accounted for to register a CAGR of 3.88% during the forecast period and is estimated to reach USD 68,897.3 million by 2030.

Water availability and management are crucial for economic growth, public health, food security, and trade throughout the world. Increasing population growth, rapid urbanization, and industrial and economic growth make water challenges more urgent than ever. According to the World Wildlife Fund, clean water is essential for healthy human life, however around 1.1 billion people globally are deprived of water whereas, around 2.7 billion experience scarcity of water for least one month per year. Additionally, over 2/3rd of the population worldwide is anticipated to face shortage of water by 2025. Moreover, inadequate sanitation of over 2.4 billion people due to lack of availability of fresh water can further result into deadly diseases such as cholera, typhoid, diarrhea, and other water related illness Thus, all these factors are anticipated to driving the need for improved water treatment infrastructure which will in turn drive the demand for phosphates used in the treatment of water.

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Segment Analysis

The global Phosphate market has been segmented based on Type, Application and Region.

The global Phosphate Market segmentation, based on Type has been segmented as Ammonium/Phosphoric Acid, Calcium, Potassium, Sodium, Others. Among these, the Ammonium/Phosphoric Acid segment is anticipated to dominate the global Phosphate market revenue through the projected period as estimated by MRFR analysts. Phosphorus is a very critical component of ammonium phosphate, which is essential for the development of roots and photosynthesis in plants. Ammonium phosphate is effective in delivering phosphorus  in the form which is readily available to the plants, further improving the productivity of the crops.

In the Application segment, the market is categorized as Fertilizers, Detergents, Food & Beverages, Water Treatment Chemicals, Metal Treatment, Cosmetic & Personal Care, Pharmaceuticals, Others. Out of which the Fertilizers segment held the maximum share in the base year market and is also expected to be holding a significant share in the forecasted period as well.  To maximize food production, agricultural practices are intensifying and thus farmers are relying heavily on fertilizers to replenish the essential nutrients in the soil. Phosphate is a very crucial component of several fertilizers and is very important for root development and overall plant health.

Regional Analysis

By Region, the Phosphate market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. The Asia Pacific Phosphate market holds a considerable market share and is also forecasted to hold the largest share during the forecast period. The increasing usage of food-grade phosphate in food processing applications is likely to create a lucrative opportunity for the phosphate market in the forecast period. Moreover, the rising government initiatives such as National Mission for clean Ganga, Atal Mission, and Community Drinking Water Scheme further contribute to the growth of water and wastewater treatment infrastructure in India are likely to boost the phosphate market over the forecast period in the region.

Key Findings of the Study

• The global Phosphate market is expected to reach USD 68,897.3 million by 2030, at a CAGR of 3.88% during the forecast period.


• The Asia Pacific region accounted for the fastest-growing global market.


• Based on Type, the Ammonium/Phosphoric Acid segment was attributed to holding the largest market in 2022.


• Based on Application, the Fertilizers segment was attributed to holding the largest market in 2022.


• The Mosaic Company, EuroChem Group AG, Nutrien Ltd, Jordan Phosphate Mines Co., ICL Group Ltd, PhosAgro, Ma’aden-Saudi Arabian Mining Company, Yara International ASA, Innophos Holding Inc, Yunnan Phosphate Haikou Co., Ltd are the key market players.