Global Mono Ammonium Phosphate Fertilizers Market, By Application (Cereals and Grains, Oilseeds, Fruits and Vegetables, Others), Distribution Channel (Online, Offline), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The mono ammonium phosphate fertilizers market is expand at a compound annual growth rate of 6.9% over the forecast period of 2021 to 2028 and is likely to reach a value of USD 0.51 billion by 2028. The rapid growth in greenhouse vegetable production and the rise in environmental concerns are the factor for the mono ammonium phosphate fertilizers market in the forecast period of 2021 to 2028.
Phosphorus is a vital nutrient required for plant growth. Mono ammonium phosphate fertilizers are a water-soluble phosphate fertilizer, widely used as a source of nitrogen and phosphorous. It is a highly effectual source of nitrogen and phosphorous for plants and crops during the early stages of the growth cycle. The water solubility and high purity make mono ammonium an ideal fertilizer for fertigation and foliar applications. It also eases plant uptake of phosphorous naturally present in the soil.
The high demand for cereals and grains on account of the rapidly growing population across the world is projected to support the growth of mono ammonium phosphate fertilizers over the forecast period of 2021 to 2028. Likewise, the increase in awareness regarding soil fertility management will also expected to accelerate the demand for mono ammonium phosphate fertilizers market. The rise in the demand of food across the world, high effectiveness of water-soluble fertilizers, positive outlook for horticultural sector and ease of application along with inadequate availability of arable land are also some of the key determinants expected to fuel the mono ammonium phosphate fertilizers market growth. Furthermore, the increase in the global population and diversified food demand are also anticipated to drive the growth of mono ammonium phosphate fertilizers market.
In addition, high demand for water-soluble phosphate fertilizer and rise in awareness in new and emerging markets are further expected to produce various new growth opportunities which will heighten the growth of the mono ammonium phosphate fertilizers market in the above mentioned forecast period.
However, the high growth of organic fertilizers industry and lack of awareness are projected to restrict the growth of mono ammonium phosphate fertilizers market in the above mentioned forecast period, whereas the increase in the number of players with similar product formulations can challenge the growth of the mono ammonium phosphate fertilizers market.
This mono ammonium phosphate fertilizers market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the mono ammonium phosphate fertilizers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Mono Ammonium Phosphate Fertilizers Market Scope and Market Size
The mono ammonium phosphate fertilizers market is segmented on the basis of application and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- .On the basis of application, the mono ammonium phosphate fertilizers market is segmented into cereals and grains, oilseeds, fruits and vegetables and others.
- The mono ammonium phosphate fertilizers market is also segmented on the basis of distribution channel. The distribution channel segment is segmented into online and offline.
Mono Ammonium Phosphate Fertilizers Market Country Level Analysis
The mono ammonium phosphate fertilizers market is analyses and market size, volume information is provided by country, application and distribution channel as referenced above.
The countries covered in the mono ammonium phosphate fertilizers market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific(APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America leads the mono ammonium phosphate fertilizers market because of the rise in awareness along with high adoption of crop nutrition products. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 owing to the high demand and strong presence of major producer of phosphate fertilizers such as China.
The country section of the mono ammonium phosphate fertilizers market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Mono Ammonium Phosphate Fertilizers Market Share Analysis
The mono ammonium phosphate fertilizers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to mono ammonium phosphate fertilizers market.
The major players covered in the mono ammonium phosphate fertilizers report are The Mosaic Company, CF Industries Holdings Inc., ICL, Yara, OCP, PhosAgro Group of Companies, Hubei Xingfa Chemicals Group Co.,Ltd., Agrium Inc., Vaki Chim Ltd., Nutrien Ltd. Ramaphosphates, SINOCHEM GROUP CO. LTD., K+S AKTiengesellschaft, EuroChem Group, Agafert Srl., Koch Fertilizer, LLC., Coromandel International Limited, Qatar Petroleum, Haifa Group, and Hebei Monband Water Soluble Fertilizer Co. Ltd, among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Mono Ammonium Phosphate Fertilizers Market
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