The price of phosphate rock, which is used in the production of phosphate fertilizers, stood at 322 U.S. dollars per metric ton in 2023, denoting a considerable increase in recent years.

Global fertilizer prices experienced significant volatility in 2022, with diammonium phosphate (DAP) reaching a peak of *** U.S. dollars per metric ton in April before declining to *** U.S. dollars by December. In the lead up to the Russian invasion of Ukraine, urea fertilizer prices more than doubled from September to November 2021.

Di-ammonium traded flat at 755 USD/T on September 26, 2025. Over the past month, Di-ammonium's price has fallen 3.82%, but it is still 37.27% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Di-ammonium Phosphate.

Graph and download economic data for Producer Price Index by Industry: Phosphatic Fertilizer Manufacturing: Phosphoric Acid, Superphosphates, and Other Phosphatic Fertilizer Materials (PCU325312325312A) from Dec 2009 to Aug 2025 about fertilizers, materials, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

View monthly updates and historical trends for Fertilizers Price Index. Source: World Bank. Track economic data with YCharts analytics.

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The phosphate fertilizers market share is expected to increase by USD 4.76 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 1.95%.

This market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (cereals and grains, fruits and vegetables, oilseeds, and others) and geographic (APAC, South America, North America, Europe, and MEA). The market report also offers information on several market vendors, including Coromandel International Ltd., EuroChem Group AG, Hubei Xingfa Chemicals Group Co. Ltd., Israel Chemicals Ltd., Jordan Phosphate Mines Co. PLC, Maaden - Saudi Arabian Mining Co., Nutrien Ltd., OCP SA, PhosAgro AG, and The Mosaic Co. among others.

What will the Phosphate Fertilizers Market Size be During the Forecast Period?

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Phosphate Fertilizers Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growing demand for phosphate fertilizers is notably driving the market growth, although factors such as challenges associated with the procurement of key raw materials may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the phosphate fertilizers industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Phosphate Fertilizers Market Driver

The shrinking arable land due to rapid urbanization is one of the key factors driving the growth of the global market. The shrinking arable land and growing demand for food will significantly influence phosphate fertilizer market growth over the forecast period. Since then, arable land has been shrinking due to urbanization and industrialization. With the shrinking arable land and declining total factor productivity, there is an increase in the application of fertilizers to improve productivity in the available arable lands. Fertilizers can be used to overcome soil fertility issues as a large range of macronutrients and micronutrients can be used as soil supplements to increase the productivity and quality of crops. Governments and regulatory agencies have executed several strategies not only to achieve food self-sufficiency, provide income support to farmers, and ensure food security but also to endorse sustainable agricultural practices and organic farming. If countries fail to maintain their current self-sufficiency levels, it could result in global market repercussions. Therefore, the shrinking arable land and growing demand for food are crucial factors driving the global market.

Key Phosphate Fertilizers Market Trends

The increasing preference for vertical integration among vendors will fuel the global market. Vertical integration is one of the strategic moves of a company through which it owns, controls, and operates vertical businesses such as supply, distribution, retail, and other operations. Through vertical integration, a company can operate on its own terms. It significantly reduces operating cost and improves process efficiency. It increases the bargaining power of the company in the market as it reduces the high dependence on suppliers and other stakeholders. The cost associated with raw material procurement is one of the key expenses for phosphate fertilizer manufacturers. Therefore, phosphate fertilizer manufacturers are opting for backward integration and are themselves producing the required raw materials. Vertical integration reduces operating costs and improves process efficiency, which makes it one of the vital phosphate fertilizer market trends. Phosphate fertilizer manufacturers are venturing into the retail distribution of phosphate fertilizers to reach untapped markets and to increase their market share.

Key Phosphate Fertilizers Market Challenge

The issues associated with the procurement of key raw materials are a major challenge for global market growth. Constraints in terms of the availability, supply, and price of raw materials are expected to limit the growth of the global market during the forecast period. Phosphate rock is the major raw material used for the manufacturing of phosphate fertilizers. It is processed into phosphate concentrate and then used in the production of phosphoric acid. Phosphoric acid is further reacted with ammonia to produce phosphate fertilizers such as monoammonium phosphate, diammonium phosphate, and triple superphosphate. Phosphate rock is one of the key mineral sources of inorganic phosphorus. The availability of raw materials mainly dep

During the course of 2023, phosphate rock demonstrated a progressive rise, maintaining a peak of 347 U.S. dollars per metric ton in September and October, before experiencing a considerable downturn to a price of 152.5 U.S. dollars per metric ton in 2024

According to Cognitive Market Research, the global Phosphate Fertilizer market size will be USD XX million in 2023 and will expand at a compound annual growth rate (CAGR) of XX% from 2023 to 2031.

The global Phosphate Fertilizer market will expand significantly by XX% CAGR between 2023 to 2031.
North America held the major market of more than XX% of the global revenue with a market size of USD XX million in 2023 and will grow at a compound annual growth rate (CAGR) of XX% from 2023 to 2031.
Cereals & grains held the highest Phosphate Fertilizer market revenue share in 2023, fuelled by their staple food status globally and intensive cultivation practices.

Market Dynamics of the Phosphate Fertilizer Market

Key Drivers of the Phosphate Fertilizer Market

Increasing Demand for High Crop Yield Drives the Phosphate Fertilizer Market Growth

The Phosphate Fertilizer market is driven by the increasing global demand for food due to rising populations and diminishing arable land, which emphasizes the need for enhanced crop yields. Phosphate fertilizers are critical in supporting plant health and growth by facilitating root development and increasing the efficiency of water use, which is essential for maximizing crop outputs in limited spaces. Additionally, the growing trend towards more sustainable and intensive farming practices has led to an increased reliance on scientifically balanced fertilization techniques that ensure optimal nutrient availability without environmental degradation. This approach supports higher productivity per unit area of farmland, addressing food security challenges effectively. As a result, the expanding agricultural sector, particularly in emerging economies with growing food needs, continuously fuels the demand for phosphate fertilizers.

For instance, The trend towards sustainable and intensive farming increases reliance on scientifically balanced fertilization techniques, which utilize phosphate fertilizers to ensure optimal nutrient availability and higher productivity per unit area, thereby addressing food security challenges effectively (Timofeeva, Galyamova, & Sedykh, 2022). https://doi.org/10.3390/plants11162119

Key Restraints of the Phosphate Fertilizer Market

Environmental and Regulatory Challenges Restrict the Phosphate Fertilizer Market Growth

Environmental concerns and stringent regulations significantly restrict the Phosphate Fertilizer market. The excessive use of phosphate fertilizers can lead to phosphorus runoff into waterways, causing severe environmental issues such as eutrophication, which devastates aquatic ecosystems by promoting excessive algae growth that depletes oxygen and kills marine life. Governments worldwide have responded by implementing strict regulations on fertilizer application rates and timings to minimize environmental impact. These regulations, aimed at promoting sustainable agricultural practices, compel farmers to adopt more environmentally friendly fertilizers or reduced-phosphate formulations, limiting traditional phosphate fertilizer usage. The push towards organic farming, which eschews synthetic fertilizers altogether, further challenges market growth, as it encourages the use of compost and other natural fertilizing methods.

For instance, Excessive use of phosphate fertilizers leads to phosphorus runoff, causing eutrophication and significant aquatic ecosystem damage. This has prompted governments worldwide to implement strict regulations on fertilizer application, pushing the market towards more environmentally friendly or reduced-phosphate fertilizers (Gupta, Chatterjee, Datta, Veer, & Walther, 2014). https://doi.org/10.1016/j.chemosphere.2014.01.030

Impact of COVID-19 on the Phosphate Fertilizer Market

The impact of COVID-19 on the Phosphate Fertilizer market was multifaceted, initially disrupting the supply chain and distribution due to global lockdowns, which led to operational challenges and delays in fertilizer supply. However, agriculture being deemed an essential service, the sector quickly rebounded, and demand for phosphate fertilizers stabilized due to the continuous need for high agricultural productivity. The pandemic also highlighted the importance of food security, resulting in increased investment by governments worldwide in agricultural sectors to ensure a stable food supply. This investment has been channeled into enhancing sustainable agricultural pr...

The global phosphate fertilizer market is experiencing robust growth, driven by increasing food demand and the consequent need to enhance crop yields worldwide. The market, valued at approximately $50 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 4% from 2025 to 2033. This growth is fueled by several key factors, including rising global population, expanding agricultural land under cultivation, and increasing government initiatives to promote food security. Furthermore, advancements in fertilizer technology, leading to more efficient nutrient uptake by plants, are contributing to market expansion. However, the market faces challenges such as fluctuating raw material prices (particularly phosphate rock), stringent environmental regulations aimed at reducing water pollution caused by phosphate runoff, and geopolitical instability impacting fertilizer production and trade. The market is segmented by type (DAP, MAP, SSP, others), application (crops such as cereals, oilseeds, and pulses), and geography. Major players like EuroChem, Nutrien, Yara International, CF Industries, Israel Chemicals, Coromandel International, Mosaic, OCP, and PhosAgro are vying for market share through strategic expansions, acquisitions, and technological innovation. The forecast period (2025-2033) anticipates continued growth in the phosphate fertilizer market, although the rate may moderate slightly due to potential supply chain disruptions and the ongoing effects of climate change on agricultural practices. The market's performance will be influenced by the interplay of factors such as global economic conditions, agricultural policies, technological advancements, and the evolving environmental regulations. Geographic variations in growth will likely be observed, with regions experiencing rapid agricultural expansion and population growth seeing higher demand. The continued development of sustainable and efficient phosphate fertilizer production methods will be crucial to ensuring long-term market stability and environmental responsibility.

The global phosphate fertilizer market is a substantial industry, exhibiting consistent growth driven by increasing global food demand and the crucial role phosphate plays in crop production. While precise figures for market size and CAGR are unavailable, a reasonable estimation based on industry reports and the presence of major players like EuroChem, Nutrien, and Yara International ASA suggests a market value exceeding $50 billion in 2025, with a compound annual growth rate (CAGR) between 3-5% projected through 2033. This growth is fueled by several key factors: expanding agricultural land under cultivation, particularly in developing nations experiencing population booms; rising global meat consumption, increasing the demand for feed crops and thus fertilizer; and technological advancements leading to more efficient fertilizer application and improved crop yields. However, the market also faces challenges such as fluctuating raw material prices (phosphate rock), geopolitical instability affecting supply chains, and environmental concerns surrounding fertilizer runoff and its impact on water quality. Segment-wise analysis reveals strong demand across various agricultural sectors, with significant contributions from food crops like cereals and oilseeds, as well as horticulture and specialized farming. Regional variations exist, with North America and regions of Asia exhibiting particularly robust growth due to favorable agricultural conditions and government support for agricultural development. Competitive dynamics are intense, with the aforementioned major players vying for market share through strategic acquisitions, capacity expansions, and the development of innovative fertilizer formulations to enhance efficiency and reduce environmental impact. Future growth will depend on addressing environmental concerns, fostering sustainable agricultural practices, and ensuring stable and affordable access to phosphate fertilizers globally.

The global commercial phosphate fertilizer market is a significant sector within the agricultural industry, experiencing robust growth driven by the increasing global demand for food and feed. The market's expansion is fueled by rising crop yields, the intensification of agricultural practices, and the growing global population, all contributing to a heightened need for nutrient-rich fertilizers. While precise figures for market size and CAGR are not provided, a reasonable estimation based on industry trends suggests a market valued in the tens of billions of dollars, with a compound annual growth rate (CAGR) of around 3-5% over the forecast period (2025-2033). This growth is projected to be somewhat moderated by factors such as fluctuating raw material prices, environmental concerns regarding phosphate runoff, and the increasing adoption of sustainable agricultural practices. Major players like Eurochem Group AG, Agrium Inc., Potash Corp., Yara International, CF Industries, and others dominate the market, employing diverse strategies including mergers, acquisitions, and research and development to enhance their market share and product offerings. Market segmentation is likely based on fertilizer type (e.g., diammonium phosphate, monoammonium phosphate, triple superphosphate), application method, and geographic region. Regional variations in growth rates are expected, with developing economies experiencing potentially higher growth rates due to expanding agricultural sectors and increasing fertilizer usage. The market is expected to see continued innovation in fertilizer technology, focusing on improving nutrient efficiency and reducing environmental impact, further shaping the market landscape in the coming years.

The global fertilizer grade phosphate market, valued at $26.15 billion in 2025, is projected to experience steady growth, driven by a compound annual growth rate (CAGR) of 3.5% from 2025 to 2033. This growth is fueled by several key factors. Rising global food demand necessitates increased agricultural productivity, creating substantial demand for phosphate fertilizers, a crucial nutrient for plant growth. Furthermore, advancements in fertilizer technology are leading to more efficient phosphate utilization, improving crop yields and minimizing environmental impact. Government initiatives promoting sustainable agriculture and food security in developing nations also contribute positively to market expansion. However, fluctuating raw material prices, particularly phosphate rock, and environmental concerns related to phosphate runoff pose challenges to sustained growth. Competition among major players like OCP Group, Mosaic, PhosAgro, and Nutrien, along with regional variations in demand and regulatory landscapes, also influence market dynamics. The market is segmented based on various factors, including fertilizer type (e.g., DAP, MAP, SSP), application method, and geographical region. The North American and Asian markets are expected to dominate due to their significant agricultural output and fertilizer consumption. The forecast period (2025-2033) anticipates continued expansion, albeit at a moderate pace. The market will likely see increased consolidation as larger companies acquire smaller ones, enhancing their market share and operational efficiency. The focus on sustainable agriculture practices will necessitate the development and adoption of more eco-friendly phosphate fertilizers, driving innovation within the sector. Pricing strategies will continue to be influenced by global commodity markets and geopolitical factors. Emerging markets in Africa and South America present significant growth potential, albeit with challenges related to infrastructure development and agricultural practices. Addressing these challenges through targeted investments and collaborative efforts is crucial for unlocking the full potential of the global fertilizer grade phosphate market.

Ecuador Fertilizer Price: Fertilizers: Diamonic Phosphate data was reported at 44.603 USD/50 kg in Dec 2024. This records an increase from the previous number of 44.023 USD/50 kg for Nov 2024. Ecuador Fertilizer Price: Fertilizers: Diamonic Phosphate data is updated monthly, averaging 36.753 USD/50 kg from Jan 2013 (Median) to Dec 2024, with 144 observations. The data reached an all-time high of 65.510 USD/50 kg in Oct 2022 and a record low of 28.052 USD/50 kg in Sep 2017. Ecuador Fertilizer Price: Fertilizers: Diamonic Phosphate data remains active status in CEIC and is reported by Ministry of Agriculture and Livestock. The data is categorized under Global Database’s Ecuador – Table EC.RI003: Agrochemicals and Fertilizers Price.

The price of fertilizer triple superphosphate (TSP) stood at 480 U.S. dollars per metric ton in 2023. It is forecast that the price of TSP will fall to 380 U.S. dollars per metric ton by 2025.

View monthly updates and historical trends for US Diammonium Phosphate Spot Price (Gulf). from United States. Source: World Bank. Track economic data with…

Explore the dynamic factors influencing monoammonium phosphate (MAP) fertilizer prices, including raw material costs, market demand, and geopolitical impacts, and learn how these affect farming decisions and sustainable practices.

Graph and download economic data for Producer Price Index by Commodity: Chemicals and Allied Products: Phosphoric Acid, 52-54 Percent APA, Superphosphates and Other Phosphate Fertilizer Materials (WPU0652026A) from Dec 2014 to Aug 2025 about fertilizers, chemicals, materials, commodities, PPI, inflation, price index, indexes, price, and USA.

China Phosphate Fertilizer: Selling and Distribution Cost: Year to Date data was reported at 2.197 RMB bn in Oct 2015. This records an increase from the previous number of 1.972 RMB bn for Sep 2015. China Phosphate Fertilizer: Selling and Distribution Cost: Year to Date data is updated monthly, averaging 0.831 RMB bn from Dec 2004 (Median) to Oct 2015, with 96 observations. The data reached an all-time high of 2.585 RMB bn in Dec 2014 and a record low of 0.130 RMB bn in Feb 2006. China Phosphate Fertilizer: Selling and Distribution Cost: Year to Date data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Industrial Sector – Table CN.BHN: Chemical Fertilizer: Phosphate Fertilizer.

The global fertilizer grade monoammonium phosphate (MAP) market is experiencing robust growth, driven by increasing demand for food production to meet the nutritional needs of a burgeoning global population. While precise market size figures for 2025 are unavailable in the provided data, considering typical CAGR values for the fertilizer industry (let's assume a conservative 4% CAGR for illustrative purposes based on industry reports, which may vary based on regional factors and other specifics), and a base year (2019) market size of $10 billion (a reasonable assumption given the scale of the fertilizer industry), a 2025 market value of approximately $12.7 billion can be reasonably projected. This growth trajectory is further fueled by advancements in agricultural practices, promoting higher crop yields and increased MAP application rates, particularly in developing economies with significant agricultural sectors. Key segments within the MAP market include nitrogen concentrations (10% and 12% minimum) and applications to cereals, oilseeds, and fruits and vegetables. Geographic variations in market size and growth rates exist, with North America and Asia Pacific expected to be major contributors to global consumption due to their large agricultural outputs and increasing investments in fertilizer technologies. However, the market's growth is subject to certain restraints. Fluctuations in raw material prices (phosphate rock and ammonia), energy costs, and government regulations related to environmental protection and sustainable agriculture can significantly impact production and prices. Competition among major players like Mosaic Company, PhosAgro, and EuroChem Group, all vying for market share, may also influence pricing and innovation within the industry. Furthermore, the increasing focus on sustainable agricultural practices and the development of alternative fertilizers may present challenges to MAP's long-term growth prospects. While the future is bright, companies must continuously adapt to fluctuating market dynamics and focus on cost efficiencies, and sustainable production methods to remain competitive. The long-term forecast, spanning until 2033, suggests continued growth, albeit potentially at a slightly moderated CAGR as market saturation increases in certain regions.

The price of fertilizer is determined by taking a weighted average of the price of the eight most popular kinds of fertilizer used in the United States, which include anhydrous ammonia, nitrogen solutions (30.0%), urea, ammonium nitrate, sulfate of ammonia, super-phosphate (44%.0 - 46.0% phosphate), diammonium phosphate and potassium chloride. Together, these eight varieties of fertilizer account for almost 99.0% of all fertilizers used in the United States. The data is presented as an index received by producers and is sourced from the US Department of Agriculture and is presented in chained 2011 dollars. Forecasts are based on fertilizer cost projections by the Organization for Economic Co-operation and Development and the Federal Reserve Bank of St. Louis.