Global Phosphate Rock Market Report 2022: Increasing Food and Feed Production to Support Sector Growth – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)– “Phosphate Rock Global Market Report 2022” the report has been added ResearchAndMarkets.com by offering.
The global phosphate rock market is expected to grow from USD 22.52 billion in 2021 to USD 23.86 billion in 2022 at a compound annual growth rate (CAGR) of 6.0%. The phosphate rock market is expected to grow to USD 30.31 billion by 2026 at a CAGR of 6.2%.
Asia Pacific was the largest region for the phosphate rock market in 2021. The regions of the phosphate rock market report include Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The increase in food and feed production is expected to promote the growth of the phosphate rock market in the future. Feed production is a process in which unprocessed agricultural products are made into feed. The food manufacturing process helps the phosphate rock market by turning edible raw materials into consumable food products that require more frequent use of fertilizers to increase food production.
For example, according to the India Brand Equity Foundation, the Indian government’s export promotion agency, The Economic Survey of India 2020-21 report stated that in 2020, the country’s total food grain production was recorded at nearly 296.65 million tonnes, an increase of 11.44 million tonnes compared to 285.21 million to tons in 19. Therefore, the increase in food and feed production is expected to contribute to the growth of the phosphate rock market.
The development of innovative recycling methods for phosphorus is a key trend that is increasing popularity in the phosphate rock market. Large companies operating in the phosphate rock market are looking for innovative ways to strengthen their position in the market.
For example, in November 2021, the Moroccan phosphate rock-based OCP Group joined the European Sustainable Phosphorus Platform (ESPP) to promote and develop sustainable phosphorus management. The collaboration develops innovative ways to recycle phosphorus that promote a long-term vision of phosphorus sustainability.
In September 2021, Yara Suomi Oy, a Norwegian plant nutrition solutions and precision farming company, bought Ecolan Oy for an undisclosed price. With this acquisition, Yara strengthens its position in the organic fertilizer segment and plays an even greater role in organic farming and promoting the circular economy. Ecolan Oy is a Finnish manufacturer of agricultural fertilizers and earth construction products operating in the phosphate rock market.
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Scope
Markets covered:
1) By type: marine phosphate deposits; Magmatic phosphate deposits; Other types
2) Purpose: Fertilizers; Food and feed additives; Industrial; Other applications
3) By distribution channel: Online; In offline mode
Mentioned companies: Yara International ASA; OCP group; Misr phosphate; Hubei Xingfa Chemicals Group Co Ltd; Wengfu Group Co. Ltd.
Lands: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; United Kingdom; U.S.
Areas: Asia Pacific; West Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five-year historical and ten-year forecast.
Information: Ratios of market size and growth to neighboring markets, GDP shares, expenditures per capita.
Data segmentations: country and regional historical data and forecasts, competitors’ market shares, market segments.
Acquisition and referral: The information and analyzes of the report are obtained using endnotes.
Main topics covered:
1. Summary
2. Characteristics of Phosphate Rock Market
3. Phosphate Stone Market Trends and Strategies
4. The impact of COVID-19 on phosphate rock
5. Phosphate Rock Market Size and Growth
6. Segmentation of the Phosphate Stone Market
7. Regional and Country Analysis of Phosphate Rock Market
8. Asia-Pacific Phosphate Stone Market
9. China phosphate rock market
10. Indian Phosphate Rock Market
11. Japanese phosphate rock market
12. Australian phosphate rock market
13. Indonesia phosphate rock market
14. South Korean phosphate rock market
15. Western European phosphate rock market
16. UK Phosphate Rock Market
17. German phosphate rock market
18. French phosphate rock market
19. Eastern European phosphate rock market
20. Russian phosphate rock market
21. North American Phosphate Rock Market
22. US phosphate rock market
23. South American phosphate rock market
24. Brazilian phosphate rock market
25. Middle East Phosphate Stone Market
26. African Phosphate Rock Market
27. Phosphate Rock Market Competitive Landscape and Company Profiles
28. Major mergers and acquisitions in the phosphate rock market
29. Future outlook and potential analysis of the phosphate rock market
30. Appendix
Mentioned companies
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Yara International ASA
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OCP group
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Mr. Phosphate
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Hubei Xingfa Chemicals Group Co. Ltd.
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Wengfu Group Co. Ltd.
For more information on this report, visit https://www.researchandmarkets.com/r/ycqgo2
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