The global phosphate and compound fertilizer market is estimated to grow at a moderate CAGR  during the forecast period. Basic fertilizer components such as NH3, ammonium phosphate, urea, S, and K salts are used to make compound fertilizer. The specific manufacturing techniques for these fertilizers are decided by the available basic components as well as the necessary nutritional content of the end product. Each granule of compound fertilizer includes numerous nutrients. This is not the same as combining fertilizer to produce a desired average nutritional composition. This difference permits compound fertilizers to be applied in such a way that each granule distributes a blend of nutrients as it dissolves in the soil, eliminating the possibility of nutrient segregation during transportation or administration. When micronutrients are added in compound fertilizer, a uniform distribution of micronutrients throughout the root zone can be obtained. These fertilizers are particularly useful for providing an initial nutrition dose before planting.

Compound fertilizer is typically made on a regional scale to fulfil the needs of local crops. To achieve these requirements, a wide range of chemical and physical qualities can be modified. For instance, some towns have restricted the addition of Phosphate to compound fertilizers sold for turf and decorative reasons in order to reduce Phosphate in urban stormwater runoff. A compound fertilizer may be used to improve nutrient levels in soils that are generally poor in that nutrient.

Phosphate fertilisers are a consolidated market with a small number of global and regional competitors. In the global market, major companies have strong distribution networks and a variety of brands. To meet the market's needs, several key participants are conducting research and development activities to make cost-effective and organic phosphate fertiliser products that are further boosting the market growth.

Market Coverage

• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segments Covered

o By Product Type

o By Application

• Competitive Landscape: Arkema, EuroChem, PhosAgro, PotashCorp, Solvay among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominates the market in base year?
• Which segment and region will project fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from pre-COVID forecast

o Most affected region and segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Phosphate and Compound Fertilizer Market Segmentation

By Product Type 

• Low Concentration Phosphate Fertilizer
• High Concentration Phosphate Fertilizer

By Application 

• Vegetables
• Fruiter
• Cereal Crop

Global Phosphate and Compound Fertilizer Market by Region