Phosphate Market worth $219.74 billion by 2029 - Exclusive Report by MarketsandMarkets™

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=237175254

Phosphates are in great demand especially focusing much on soil health management and sustainable farming. Soil fertility has declined in many regions due to intensive farming techniques, deforestation, and industrial activities degrading the arable land. A common problem which denies efficient productivity in agriculture relates to low phosphorus in the soils. Increasingly, farmers are using phosphate fertilizers to replenish soil nutrients to correct this trend. These factors are likely to drive the phosphate market, shifting towards soil restoration and sustainable farming methodologies.

The calcium phosphate segment is the fastest growing segment, in terms of value, of the global phosphate market during the forecast period.

The calcium phosphate segment is the fastest growing segment in the phosphate market during the forecast period. The prevailing usage of the substance in the pharmaceutical and medical industries is one of the main reasons for the popularity of calcium phosphate. Tricalcium phosphate and hydroxyapatite are the most used forms of calcium phosphate in drugs, dental care products, and bone transplants because of their bioactive nature. Its efficiency in facilitating the regeneration of bones and biocompatibility have also made it a highly necessary requirement in the process of most medical operations, especially those that require implants and bone repair.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=237175254

Igneous and weathered segment is estimated to be the second-largest type of resource of phosphate market, in terms of value, during the forecast period.

The igneous and weathered segment is estimated to be the second-largest type of resource in the phosphate market, in terms of value, during the forecast period. Technological advancements have also significantly affected the formation of igneous and weathered phosphate deposits. Because of lower percentages of phosphate minerals in some volcanic deposits and harder rock underneath, it is often technically difficult to extract phosphate from volcanic deposits than to extract it from sedimentary deposits. However, extraction of phosphate from such harder rock types is easier because of the improved mining procedures that involve blasting, drilling, and crushing.

Animal feed is estimated to be the second-largest application of phosphate market, in terms of value, during the forecast period.

The animal feed segment is estimated to be the second-largest application in the phosphate market, in terms of value, during the forecast period. Phosphorus forms the basis of many biological functions-which include bone development, energy metabolism, and cellular function. It is one of the important nutrients that animals need to grow and develop well. As consumers become more informed about the origin of their food, they must be guaranteed that animals raised for consumption have been raised in humane conditions. It entails feeding the right nutrition to the animals since it directly influences both their welfare and quality of products they produce.

Request Customization:
https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=237175254

South America is projected to register the second highest CAGR, in terms of value, during the forecast period in the phosphate market.

South America is projected to register the second highest CAGR in the phosphate market, in terms of value, during forecast period due to several factors. Phosphate reserves and production capacity primarily shape the South American phosphate market. The region's huge phosphate reserves, especially in Brazil and Peru, have incrementally positioned both countries as a significant player in the supply chain of the global phosphate industry. Based on its essential phosphate rock reserves and consistent investments in mining and production capacities, Brazil has been able to minimize its dependence on importing more phosphate products for local supply.

The key players profiled in the report include OCP Group S.A. (Morocco), The Mosaic Company (US), PhosAgro Group of Companies (Russia), Ma'aden (Saudi Arabia), Nutrien Ltd. (Canada), EuroChem Group (Switzerland), Innophos Holdings, Inc. (US), Jordan Phosphate Mines Company (PLC) (Jordan), Kazphosphate LLP (Kazakhstan), ICL Group Ltd. (ICL) (Israel), Wengfu Group Co., Ltd. (China), Yara (Norway), and Yuntianhua Group Co., Ltd. (China).

Browse Adjacent Market: Mining, Minerals and Metals Market Research Reports & Consulting

Related Reports:

Rare Earth Metals Market - Global Forecast to 2029

Metal Organic Frameworks Market - Global Forecast to 2030

High Purity Gas Market - Global Forecast to 2029

Permanent Magnet Market - Global Forecast to 2029

About MarketsandMarkets^™ 

MarketsandMarkets^™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report. 

MarketsandMarkets^™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. 

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. 

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. 

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore^™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. 

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. 

Contact: Mr. Rohan Salgarkar
MarketsandMarkets^™ INC.
1615 South Congress Ave
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/phosphates-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/phosphates.asp

View original content:https://www.prnewswire.co.uk/news-releases/phosphate-market-worth-219-74-billion-by-2029--exclusive-report-by-marketsandmarkets-302303742.html