Phosphorus is vital for adequate root development and helps the plant resist drought weather conditions. The aforementioned nutrient is essential for plant growth and development, such as the ripening of seed and fruit. Phosphate is a primary nutrient needed by plants to grow to their full potential. It is essential to normal plant growth, especially for the absorption of the sun’s energy and converting it to useful plant compounds.

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By geography, Asia Pacific is going to have high growth during the forecast period owing to the rising population across the globe is boosting the demand for diversified food, growing adoption of phosphate fertilizers in agricultural applications, rising awareness, and adoption of crop nutrition products by farmers within the region to produce quality crops.

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Some of the key players profiled in the Phosphatic Fertilizers Market include Yara International ASA, Potash Corp. of Saskatchewan, Coromandel International Ltd., OCP, Mosaic, ICL , Eurochem, CF Industries Holdings Inc., Agrium Inc. and Phosagro.

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