As per MRFR analysis, the Ammonium Phosphate Facilitating Crop Nutrition Market Size was estimated at 14.14 (USD Billion) in 2022. The Ammonium Phosphate Facilitating Crop Nutrition Market Industry is expected to grow from 14.58(USD Billion) in 2023 to 19.2 (USD Billion) by 2032. The Ammonium Phosphate Facilitating Crop Nutrition Market CAGR (growth rate) is expected to be around 3.11% during the forecast period (2024 - 2032).
Key market drivers in the ammonium phosphate facilitating crop nutrition market include rising crop yields amidst a growing world population, increasing demand for efficient and sustainable crop nutrition solutions, and government initiatives promoting precision agriculture practices. The market is also benefiting from the expanding use of controlled-release fertilizers and the growing adoption of advanced irrigation techniques.
Opportunities for growth in this market lie in the exploration of bio-based and organic ammonium phosphate formulations, the integration of digital technologies such as sensors and data analytics into crop management practices, and the development of customized fertilizers tailored to specific soil and crop requirements.
Recent trends in the market point towards a shift towards more targeted and environmentally sustainable crop nutrition solutions. Precision farming techniques, along with the use of controlled-release and slow-release fertilizers, are gaining popularity due to their ability to optimize nutrient use efficiency, reduce environmental impact, and improve crop yields. Additionally, research and development efforts are focusing on the development of innovative formulations and technologies to enhance the bioavailability of ammonium phosphate and reduce nutrient losses.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Ammonium Phosphate Facilitating Crop Nutrition Market Drivers
Increasing Crop Productivity
Ammonium phosphate is a key nutrient in crop production, and it was found to increase crop yields substantially. The increased yield is attributed to the fact that ammonium phosphate is a source of nitrogen and phosphorus that are essential for plant growth. Nitrogen is a constituent of proteins, nucleic acids, chlorophyll, among other important plant articles, while phosphorus is a constituent of cell walls, cell membranes, and molecules that transfer energy.Apart from that, ammonium phosphate is also known to enhance soil structure and water retention, which increases crop yields. Increased population leading to increased food demand is a key driver for the Ammonium Phosphate Facilitating Crop Nutrition Market Industry. Currently, the world's population grows every day, and hence, the demand for food crops is also growing. This will subsequently result in increased demand for Ammonium phosphate as it is essential in crop production.The Global Ammonium Phosphate Facilitating Crop Nutrition Market Industry is estimated to grow with a CAGR of 3.11% from 2024 to 2032.
Rising Fertilizer Prices
The last driver of the Ammonium Phosphate Facilitating Crop Nutrition Market Industry is the high cost of fertilizers. Over the past few years, the price of fertilizers has risen rapidly for several reasons, such as increasing prices of raw materials, the growth of costs for producing energy, and an increase in demand for fertilizers. This event has occurred as an obstacle for farmer due to the difficulty of buying fertilizers, and thus, it contributed to the growth of demand for the analyzed products, as ammonium phosphate is not a high-cost source of nitrogen and phosphorus.The Global Ammonium Phosphate Facilitating Crop Nutrition Market Industry can be estimated to have grown at a CAGR of 3.11 % over the period from 2024 to 2032.
Government Support for Agriculture
Government support for agriculture is also a major growth driver of the market industry of ammonium phosphate, which facilitates crop nutrition. Nowadays, the government is providing financial assistance to help farmers in various parts of the world increase their crop yield. This assistance could be in various forms, such as subsidies, loans, and grants, which majorly enhance the production of agriculture and also increase the employment rate.The Global Ammonium Phosphate Facilitating Crop Nutrition Market Industry is estimated to grow at a CAGR of 3.11% over the period of 2024 to 2032.
Ammonium Phosphate Facilitating Crop Nutrition Market Segment Insights
Ammonium Phosphate Facilitating Crop Nutrition Market Crop Type Insights
Market growth is primarily propelled by the increasing demand for high-quality crop nutrition products to increase crop yield and quality. The crop type segment is further divided into cereals and grains, oilseeds and pulses, fruits, and vegetables. Cereals and grains take up the most significant share of the global ammonium phosphate, facilitating the crop nutrition market. This is because cereals and grains are consumed as staple food crops in the given regions. The increasing population and people's spending power will increase the demand for cereals and grains and, hence, positively impact the growth of the market.The next most prominent crop type segment is oilseeds and pulses. This is because the demand for vegetable oils and proteinaceous food items is increasing. Oilseeds like soya, canola, and sunflower seeds are used for the extraction of oils, and pulses like lentils, beans, and peas are consumed for their protein content. Also, there is an increase in awareness about healthy living, which is expected to have a high impact on the Ammonium Phosphate Facilitating Crop Nutrition Market. Fruits and vegetables are important components of a balanced diet and are becoming more and more popular due to their nutritional value and health benefits.The demand for different types of fruits and vegetables, including natural and processed food items, is increasing, and it is expected to drive the ammonium phosphate facilitating crop nutrition market, as the proper development and yield of the fruits and vegetables require proper amounts of specific nutrients.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Ammonium Phosphate Facilitating Crop Nutrition Market Application Insights
The application segment plays a crucial role in the Global Ammonium Phosphate Facilitating Crop Nutrition Market. Base fertilizer, starter fertilizer, and foliar fertilizer are the three key application segments in this market. Base fertilizer holds the largest market share due to its extensive usage in enhancing soil fertility and providing essential nutrients for crop growth. Starter fertilizer is primarily used during the early stages of plant development to stimulate root growth and promote seedling establishment. Foliar fertilizer applied directly to the leaves of plants, offers targeted nutrient delivery and is gaining popularity due to its efficiency and ability to address specific nutrient deficiencies.The Global Ammonium Phosphate Facilitating Crop Nutrition Market is poised to witness steady growth in the coming years, driven by the increasing demand for fertilizers to meet the growing global population's food needs.
Ammonium Phosphate Facilitating Crop Nutrition Market Formulation Insights
The Ammonium Phosphate Facilitating Crop Nutrition Market is segmented by Formulation into Granular, Powder, and Liquid. The Granular segment is expected to hold the largest market share in 2023 and is projected to continue to dominate the market throughout the forecast period. The Powder segment is expected to grow at the highest CAGR during the forecast period. The Granular segment is preferred due to its ease of application and reduced dust generation. The Powder segment is gaining popularity due to its high nutrient content and ability to be applied through fertigation systems.The Liquid segment is expected to grow at a moderate pace, as it is more expensive than the other segments. In 2023, the Global Ammonium Phosphate Facilitating Crop Nutrition Market revenue for the Granular segment is estimated to be around USD 6.5 billion and is projected to reach USD 8.5 billion by 2032, exhibiting a CAGR of 3.2%. The Powder segment is expected to grow from USD 4.5 billion in 2023 to USD 6.2 billion by 2032, with a CAGR of 3.5%. The Liquid segment is projected to grow from USD 3.5 billion in 2023 to USD 4.5 billion by 2032, with a CAGR of 3.0%.
Ammonium Phosphate Facilitating Crop Nutrition Market Regional Insights
The Global Ammonium Phosphate Facilitating Crop Nutrition Market is segmented into North America, Europe, APAC, South America, and MEA. Among these regions, APAC is expected to hold the largest market share in 2023, owing to the increasing demand for ammonium phosphate fertilizers in countries such as China and India. The North American region is also expected to witness significant growth in the Ammonium Phosphate Facilitating Crop Nutrition Market due to the rising adoption of precision farming techniques and the increasing awareness about the benefits of ammonium phosphate fertilizers.The European region is expected to hold a significant market share, owing to the presence of a large number of agricultural producers and the increasing focus on sustainable farming practices. The South American region is expected to witness moderate growth in the Ammonium Phosphate Facilitating Crop Nutrition Market due to the increasing demand for fertilizers in countries such as Brazil and Argentina. The MEA region is expected to hold a small market share, owing to the limited agricultural activities and the lack of awareness about the benefits of ammonium phosphate fertilizers.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Major players in the Ammonium Phosphate Facilitating Crop Nutrition Market industry are constantly striving to gain a competitive edge by investing heavily in research and development to introduce innovative products and technologies. Leading Ammonium Phosphate Facilitating Crop Nutrition Market players are actively engaged in mergers and acquisitions to expand their global footprint and strengthen their market position. The Ammonium Phosphate Facilitating Crop Nutrition Market development is driven by factors such as increasing demand for crop nutrition solutions, rising awareness about the benefits of balanced fertilization, and government initiatives promoting sustainable agricultural practices. The competitive landscape is characterized by intense rivalry among established players and emerging entrants, leading to ongoing product innovation, strategic partnerships, and aggressive marketing campaigns to capture market share.Yara International ASA, a leading player in the Ammonium Phosphate Facilitating Crop Nutrition Market industry, is focused on providing customized crop nutrition solutions tailored to specific crop and soil requirements. The company's extensive global presence and strong distribution network enable it to cater to the diverse needs of farmers worldwide. Yara International ASA emphasizes sustainability throughout its operations, investing in eco-friendly production processes and promoting responsible nutrient management practices.Another prominent competitor in the Ammonium Phosphate Facilitating Crop Nutrition Market is Nutrien Ltd. With a focus on innovation and operational excellence, Nutrien Ltd. offers a comprehensive range of crop nutrition products, including ammonium phosphate fertilizers. The company's vast retail network and strategic partnerships with distributors ensure efficient delivery of its products to farmers. Nutrien Ltd. prioritizes sustainable farming practices and collaborates with research institutions to develop innovative solutions that enhance crop productivity while minimizing environmental impact.
PhosAgro
Maaden
Coromandel International
CF Industries
EuroChem
Yara International
PJSC Acron
Mosaic
JSC Dorogobuzh
ICL
Minsknutriprodmash
Nutrien
PJSC KuibyshevAzot
OCP
K+S
The global Ammonium Phosphate Facilitating Crop Nutrition Market is expected to grow from USD 14.58 billion in 2023 to USD 19.2 billion by 2032, at a CAGR of 3.11% over the forecast period. The market growth is attributed to the increasing demand for crop nutrition products, rising awareness about the benefits of ammonium phosphate fertilizers, and government initiatives to promote sustainable agriculture practices. The Asia-Pacific region is expected to dominate the market, followed by North America and Europe. Key industry participants include Nutrien, Yara International, and The Mosaic Company. Recent developments in the market include the launch of new products and technologies, such as controlled-release fertilizers and fertigation systems. The market is also witnessing a trend towards consolidation, with major players acquiring smaller companies to expand their market share.
Cereals and grains
Oilseeds and pulses
Fruits and vegetables
Base fertilizer
Starter fertilizer
Foliar fertilizer
Granular
Powder
Liquid
North America
Europe
South America
Asia Pacific
Middle East and Africa
| Report Attribute/Metric | Details |
| Market Size 2022 | 14.14(USD Billion) |
| Market Size 2023 | 14.58(USD Billion) |
| Market Size 2032 | 19.2(USD Billion) |
| Compound Annual Growth Rate (CAGR) | 3.11% (2024 - 2032) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2023 |
| Market Forecast Period | 2024 - 2032 |
| Historical Data | 2019 - 2023 |
| Market Forecast Units | USD Billion |
| Key Companies Profiled | PhosAgro, Maaden, Coromandel International, CF Industries, EuroChem, Yara International, PJSC Acron, Mosaic, JSC Dorogobuzh, ICL, Minsknutriprodmash, Nutrien, PJSC KuibyshevAzot, OCP, K+S |
| Segments Covered | Crop Type, Application, Formulation, Regional |
| Key Market Opportunities | Expansion into emerging markets increasing demand for organic fertilizers, technological advancements, product diversification, and government initiatives to promote sustainable agriculture |
| Key Market Dynamics | Rising demand for high-yield crops Growing population and urbanization Increasing focus on sustainable agriculture Government initiatives and subsidies Technological advancements |
| Countries Covered | North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Global Ammonium Phosphate Facilitating Crop Nutrition Market is expected to reach a valuation of 14.58 Billion USD in 2023.
The Global Ammonium Phosphate Facilitating Crop Nutrition Market is projected to grow at a CAGR of 3.11% from 2024 to 2032.
The Asia-Pacific region is expected to dominate the Global Ammonium Phosphate Facilitating Crop Nutrition Market in 2023, accounting for a significant share of the market revenue.
Ammonium Phosphate is primarily used as a fertilizer to provide nitrogen and phosphorus to crops, promoting their growth and yield.
Key players in the Global Ammonium Phosphate Facilitating Crop Nutrition Market include Yara International ASA, The Mosaic Company, Nutrien Ltd., CF Industries Holdings, Inc., and EuroChem Group AG.
The increasing demand for food production, rising awareness of the importance of crop nutrition, and government initiatives to promote sustainable agriculture practices are driving the growth of the Global Ammonium Phosphate Facilitating Crop Nutrition Market.
Challenges faced by the Global Ammonium Phosphate Facilitating Crop Nutrition Market include fluctuating raw material prices, environmental regulations, and competition from alternative fertilizers.
â—¦ Potential opportunities for growth in the Global Ammonium Phosphate Facilitating Crop Nutrition Market include the development of new technologies, expansion into emerging markets, and the increasing adoption of precision farming practices.
The COVID-19 pandemic had a moderate impact on the Global Ammonium Phosphate Facilitating Crop Nutrition Market, initially disrupting supply chains but leading to increased demand for fertilizers as agricultural activities resumed.
Key trends in the Global Ammonium Phosphate Facilitating Crop Nutrition Market include the increasing adoption of controlled-release fertilizers, the growing focus on sustainable crop nutrition practices, and the development of new application technologies.
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Senior Research Analyst With an experience of over five years in market research industry (chemicals & materials domain), i gather and analyze market data from diverse sources to produce results, which are then presented back to a client. also, provide recommendations based on the findings. as a senior research analyst, i perform quality checks (qc) for market estimations, qc for reports, and handle queries and work extensively on client customizations. also, handle the responsibilities of client proposals, report planning, report finalization, and execution
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