Phosphate Alternatives Market

Phosphate Alternatives Market Outlook (2023 to 2033)

The global phosphate alternatives market, as reported by Fact.MR, reached a value of US$ 231.54 billion in 2022, expanding at a CAGR of 7.1% from 2018. Over the forecast period (2023 to 2033), worldwide sales of phosphate alternatives are projected to exhibit a CAGR of 6.7%, ultimately reaching a market size of US$ 472.53 billion by 2033.

The global crisis of dwindling phosphate fertilizers is generating pressure on different means of production with the increasing population around the world. Phosphorous and nitrogen are some essential nutrients that are required for farming operations for optimal growth of plants and increased productivity.

It is comparatively easy to get nitrogen due to its ample resources on the planet. However, phosphorous is obtained by plants in phosphate form and thus forcing farmers to look for alternative options due to its limited availability. Humans are highly dependent on phosphate for food and therefore the rising demand for food supply is considered a matter of concern. Therefore, various governments, as well as private organizations, are taking initiatives to develop phosphate alternatives.

• Sales of phosphate alternatives in India are forecasted to grow at a CAGR of 11.1% and reach US$ 41.58 billion by 2033.
• Demand for phosphate alternatives from the agriculture sector is predicted to accelerate at a CAGR of 8% and reach a value of US$ 188.54 billion by 2033.

Importance of phosphate in the production of global food makes it a very important fertilizer. However, scientists around the world have warned about a shortage of phosphorous. The looming shortage of phosphate is stimulating innovators to look for new alternatives for farming purposes.

Various energy companies are investing to develop certain new sources of crop nutrients in organic bio-fertilizer forms. Moreover, the adoption of organic fertilizer alternatives is leading to the growth of the bio-fertilizer sector.

Fact.MR, a provider of market research and competitive intelligence, in its newly published report offers a detailed insight into numerous dynamics of the phosphate alternatives landscape. Readers can decode detailed information about various market facets that include growth opportunities, a regional overview, key limitations, key product ranges, new developments, etc.

Report Attributes	Details
Phosphate Alternatives Market Size (2022)	US$ 231.54 Billion
Estimated Market Value (2023)	US$ 247.05 Billion
Forecasted Market Value (2033)	US$ 472.53 Billion
Global Market Growth Rate (2023 to 2033)	6.7% CAGR
Ammonium Sulfate Segment Growth Rate (2023 to 2033)	8% CAGR
China Market Value (2033)	131.84 Billion
Germany Market Growth Rate (2023 to 2033)	6.6% CAGR
United States Market Growth Rate (2023 to 2033)	8.3% CAGR
Key Companies Profiled	BASF SE Evonik Industries Advance Inorganics Gadot Biochemical Industries, Ltd. Honeywell International Giles Chemical K+S Aktiengesellschaft Lanxess Corporation Mani Agro Chem Pvt. Ltd. Laizhou City Laiyu Chemical Co. Ltd. Nitta Gelatin Inc. Raymon Patel Gelatine Pvt Ltd. Novus International Royal DSM Timab Fosfitalia SpA Sigma-Aldrich Co. LLC

Why is the Utilization of Phosphate Alternatives Increasing Significantly?

“Growing Demand for Sustainable Alternatives in Farming Practices”

Increasing use of phosphate as a fertilizer in numerous modern farming practices is significantly restraining the supply of phosphorus. Therefore, increased demand for phosphate alternatives is created to offer the required nutrients that are pivotal to feeding the rising global population.

Overuse of phosphorous can threaten global water systems, thus leading to the rising demand for sustainable phosphate alternatives for future farming practices.

Nitrogen plays a significant role in reproduction and plant growth. Crop and pasture growth respond to the easy availability of soil nitrogen. Improved efficiency of nitrogen has a significant impact on reducing the loss of nitrogen oxide and ammonia volatilization of the atmosphere. Improved efficiency of nitrogen has various profitability and productivity benefits. Farmers can boost crop and pasture production, save money, and reduce nitrous oxide losses with careful planning and implementation of best management practices.

What are the Potential Barriers to the Growth of Phosphate Alternatives Market?

“High Product Prices and Adverse Atmospheric Impacts”

Prices of phosphate alternatives are comparatively higher so it is not possible for everyone to afford them. In addition, the excessive use of phosphate alternatives, including nitrogen, etc., can produce pollutants, including ozone, ammonia, etc. These are further predicted to impact visibility, ability to breathe, and later growth of the plants.

How are Start-ups Shaping the Future of the Phosphate Alternatives Space?

“Development of Sustainable and Environment-friendly Organic Alternatives”

Growing requirements for various sustainable farming practices and rising costs of phosphate alternatives are some pivotal factors, which are stimulating farmers to make a move from chemical fertilizers to more sustainable and environment-friendly organic alternatives. These changes are prompting start-ups to invest in the production of eco-friendly phosphate alternatives. In addition, the growing popularity of biofertilizers across the globe is also widening opportunities for market players.

Country-wise Insights

What is Prominently Driving the Demand for Phosphate Alternatives in the United States?

“High Demand for Phosphate Alternatives from Agriculture Sector”

The phosphate alternatives landscape in the United States is projected to progress at a CAGR of 8.3% and reach US$ 86 billion by 2033.

Significant growth in the agriculture sector in the United States is predicted to boost the demand for phosphate alternatives. The agriculture sector in the country extends beyond the farm business and further includes other industries that are related to farms. In addition, various programs are also conducted by the government to support the growth of the agriculture sector.

What is Paving the Way for Suppliers of Phosphate Alternatives in the United Kingdom and Germany?

“Rising Use of Personal Care Products Fueling Sales of Phosphate Alternatives”

Sales of phosphate alternatives in the United Kingdom market are projected to advance at a CAGR of 9.3% and reach a value of US$ 35.44 billion by the end of the forecast period. The German market is forecasted to expand at a CAGR of 6.6% and reach US$ 43.47 billion by 2033. Increasing demand for beauty and personal care products from different age groups in these countries is projected to have a positive impact on the consumption of phosphate alternatives over the coming 10 years.

Why is Demand for Phosphate Alternatives Increasing in India?

“Growing Population Leading to Increased Demand for Food”

Demand for phosphate alternatives in India is predicted to increase at 11.1% CAGR and is expected to reach a valuation of US$ 41.58 billion by 2033. In the past few years, there has been a significant increase in the population of India. It leads to the growing requirement for different types of food products to match their dietary needs, which is predicted to have a direct impact on sales of phosphate alternatives.

Significant growth of the food processing industry in India is also projected to lead to rising demand for phosphate alternatives. The adoption of automated technologies along with rising investments in R&D activities are contributing to the growing demand for processed food, which is further predicted to lead to the rising adoption of phosphate alternatives.

Category-wise Insights

Which Phosphate Alternative Accounts for a Significant Share of Global Market Revenue?

“Rising Use of Ammonium Sulfate for Commercial Purposes”

Sales of ammonium sulfate are forecasted to expand at a CAGR of 8% and reach US$ 213.11 billion by 2033. It is used widely as a sulfur (S) fertilizer and it constitutes about 50% of the global use of sulfur. Ammonium sulfate ((NH4)2SO4), an inorganic salt, is commonly used for commercial purposes. It is commonly used as soil fertilizer due to the presence of sulfur and nitrogen.

Which Sector Utilizes Phosphate Alternatives on a Large Scale?

“Rising Use of Phosphate Alternatives in Agricultural Sector”

Demand for phosphate alternatives from the agriculture sector is projected to accelerate at a CAGR of 8% and reach US$ 188.54 billion by 2033. Nitrogen (N) is one of the popular distributed elements in nature due to its abundance in the atmosphere. Unlike phosphorous, it is not present in mineral forms. It can easily be found in organic compounds. A significant amount of the food produced around the world is supported by the utilization of nitrogen fertilizers.

Key Market Players

Maintaining product standards, quality control, strengthening supply chain management systems, and some other initiatives are commonly incorporated by prominent companies to expand their reach to global consumers.

BASF SE, Evonik Industries, Advance Inorganics, Gadot Biochemical Industries, Ltd., Honeywell International, Giles Chemical, K+S Aktiengesellschaft, Lanxess Corporation, Mani Agro Chem Pvt. Ltd., Laizhou City Laiyu Chemical Co. Ltd., Nitta Gelatin Inc., Raymon Patel Gelatine Pvt Ltd., Novus International, Royal DSM, Timab, Fosfitalia SpA, and Sigma-Aldrich Co. LLC are prominent suppliers of phosphate alternatives.

Segmentation of Phosphate Alternatives Industry Research

• By Alternative :

  • Ammonium Sulfate
  • Magnesium sulfate
  • Potassium Phosphate
  • Magnesium Phosphate
  • Calcium Phosphate
  • Citric Acid
  • Sodium sulfate

• By Application :

  • Agriculture
  • Food Processing
  • Personal Care Products
  • Industrial

• By Region :

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa