The monoammonium phosphate market will register a CAGR of over 2% by 2023
NEW YORK, April 29, 2019 /PRNewswire/ -- About this market
The growth in fertilizer industry will drive the growth of the monoammonium phosphate market. Monoammonium phosphate enriches the soil with phosphorous and nitrogen and increases yield. Factors such as high alkaline nature of monoammonium phosphate, its pH regulation capacity, and its ability to create acidic soil composition make it suitable for fertilizer applications. It is expected to increase capacity constraints on food production Analysts have predicted that the monoammonium phosphate market will register a CAGR of over 2% by 2023.
Download the full report: https://www.reportbuyer.com/product/5772580/?utm_source=PRN
Market Overview
Growing demand from APAC
The global monoammonium phosphate market is witnessing the growing demand from APAC. Factors such as increasing population and rising per capita income in APAC will drive the demand for food and agricultural products. Owing to availability of arable lands, the efficient supply of raw materials have prompted vendors to shift their manufacturing base to China.
Increase in demand for organic fertilizers
The increased demand for organic fertilizers to increase nutrient uptake in crops, including cereals, pulses, and fruits and vegetables, can adversely affect the growth of the global monoammonium phosphate market. Organic food have attracted consumers owing to their health benefits and environmental sustainability.
For the detailed list of factors that will drive and challenge the growth of the monoammonium phosphate market during the 2019-2023, view our report.
Competitive Landscape
The market appears to be fragmented and with the presence of several companies. Factors such as the growing demand from APAC and growth in fertilizer industry, will provide considerable growth opportunities monoammonium phosphate manufactures. EuroChem Group AG, Ma'aden, OCP SA, PhosAgro, and The Mosaic Company are some of the major companies covered in this report.
Download the full report: https://www.reportbuyer.com/product/5772580/?utm_source=PRN
About Reportbuyer
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers
For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: [email protected]
Tel: +1 (718) 213 4904
Website: www.reportbuyer.com
SOURCE ReportBuyer
Related Links
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article