The phosphate fertilizer market size is USD 62.4 Bn in 2026.
The phosphate fertilizer market is projected to grow at a CAGR of 5% by 2033.
The phosphate fertilizer market growth drivers include rising food demand, increasing adoption of plant-based diets, and growing agricultural productivity needs.
Asia Pacific is the dominating region for the phosphate fertilizer market.
OCP Group, Nutrien Ltd., The Mosaic Company, Yara International ASA, and PhosAgro are some leading industry players in the phosphate fertilizer market.