DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/6lzs3d/global_phosphate) has announced the addition of the "Global Phosphate Fertilizer Industry 2012-2017: Trends, Profits and Forecast Analysis" report to their offering.
The global phosphate fertilizer industry witnessed double-digit growth during last five years (2006-2011). Industry revenue is forecast to reach an estimated $44.97 billion in 2017 with a CAGR of 5.9% over the next five years (2012-2017). Growing income and change in personal dietary habits, as well as limited arable lands available for agriculture in developed countries such as US will drive the demand for phosphate fertilizer.
The industry is fragmented and is highly dependent upon crop yield, farmer awareness, and availability of credit. North America dominates the industry.
Consumption of phosphates largely depends on seasonal weather patterns and regulations governing their usage. Phosphate fertilizers will be primarily driven by high consumption levels in developing and large populous countries such as India, China, Brazil, Indonesia, Mexico, and Argentina due to greater food requirements. China is the world's largest phosphate rock producer followed by the US as the next largest producing country; this region will drive phosphate fertilizer industry in coming years.
As indicated in the study, India and China are major drivers of the phosphate fertilizer trade. With a limited indigenous supply of phosphate fertilizer rock, India relies primarily on imports to meet its rising requirements for phosphate fertilizer, that drives demand and improves sales. Rising global food demand and domestic biofuel mandates have created competition among the players to supply phosphate fertilizer for limited farmland.
This segment report provides an overview of the global phosphate fertilizer industry and tracks industry performance in four geographic regions. Thus, four segments of the global phosphate fertilizer industry are tracked. The report studies manufacturers serving this segment, providing a five-year annual trend analysis that highlights market size, profit, and cost structure for North America, Europe, Asia Pacific, and Rest of the World. The report also provides forecasts, addressing market opportunities for the next five years for each of these regions.
For more information visit http://www.researchandmarkets.com/research/6lzs3d/global_phosphate
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