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全球单一过磷酸钙市场 2024-2031Global Single Superphosphate Market 2024-2031 |
按形式(粉末和颗粒)、类型(锌酸盐和硼酸盐)和应用(园艺、农业、牧场等)分類的单一过磷酸钙市场规模、份额和趋势分析报告,预测期(2024-2031)
预计单一过磷酸钙 (SSP) 市场在预测期内(2024-2031 年)复合年增长率将达到 12.7%。市场成长归因于提高作物产量和品质、单一过磷酸钙的可用性以及与全球其他磷肥相比的成本效益的需求增加。磷肥的主要原料是磷矿石,磷肥对农作物的健康和高产量至关重要。根据国际肥料协会(IFA)统计,2023年6月,最受欢迎的源自磷矿的磷肥包括磷酸铵、过磷酸钙和NPK肥料。全球磷肥消耗量估计为 4900 万吨 P2O5。全球磷矿资源估计超过3000亿吨。 IFA 进一步预测,到 2050 年,全球磷肥需求将增加至 63-72 公吨 P2O5,取决于农业和养分管理情境。考虑到非化肥使用和加工损失,该研究预计 2050 年磷矿年产量需求为 78 至 100 公吨 P2O5。
Single Superphosphate Market Size, Share & Trends Analysis Report by Form (Powder and Granules), by Type (Zincate and Boronate), and by Application (Horticultural, Agriculture, Pasture and Others), Forecast Period (2024-2031)
Single superphosphate (SSP) market is anticipated to grow at a significant CAGR of 12.7% during the forecast period (2024-2031). The market growth is attributed to the increased demand to improve crop yield and quality, Single superphosphate availability, and cost-effectiveness compared to other phosphorous fertilizers globally. The primary raw material for phosphate fertilizers, which are essential for healthy and productive crops, is phosphate rock. According to the International Fertilizer Association (IFA), in June 2023, the most popular phosphate fertilizers derived from phosphate rock include ammonium phosphates, superphosphates, and NPK fertilizers. Global phosphate fertilizer consumption was estimated at 49 million tons (Mt) of P2O5. Global phosphate rock resources are assessed at over 300 billion tons. IFA further projected that global phosphate fertilizer demand would increase to 63-72 metric tons (Mt) P2O5 by 2050 depending on the agricultural and nutrient management scenarios. Accounting for non-fertilizer uses and processing losses, the study projects annual phosphate rock production requirements of between 78 and 100 Mt P2O5 in 2050.
Market Dynamics
Increasing Government Policies and Subsidies
The increasing subsidies and policies by the government related to fertilizer enhance the production and demand of single superphosphate in agriculture regions to provide farm productivity and food security top priority. According to the Fertiliser Association of India, in March 2023, with effect from May 2021, NBS rates for P-containing fertilizers were revised. The NBS rate of P increased by about 204.0% from Rs. 14.888 ($0.2) per kg to Rs. 45.323 ($0.6) per kg. With this steep increase, the subsidy rate for SSP increased by 184% from Rs. 2643 per ($35.6) MT in 2020-21 to Rs. 7513 per ($101.4) MT during 2021-22. It remained unchanged at this level until 2022-23 despite an increase in per kg nutrient rates of 'P' and NBS policy.
Increasing Demand for High-Efficiency Fertilizers
To maximize crop yields and minimize their impact on the environment, farmers are searching for fertilizers with a higher nutritional content and release. The demand for fertigation-the process of applying fertilizer through irrigation systems-specialty blends and controlled-release fertilizers is being driven by this trend. Superphosphate is a rapid-acting fertilizer that promotes robust root development to establish healthy plants and increase yields and ripening. Superphosphate is ideal for transplanting cuttings, flowers, trees, and shrubs. It can sustain fruit, root, and seed crops.
Market Segmentation
Granules is Projected to Hold the Largest Segment
The granules segment is expected to hold the largest share of the market. The primary factors supporting the growth include owing to their convenient application and higher plant nutrient uptake provided by granular SSP. Additionally, SSP in granular form helps to facilitate easy transportation by preventing powder spills in the air. The cultivation of sugarcane, oil seeds, paddy, vegetables, and fruits all frequently uses granular SSP. According to the Fertiliser Association of India (FAI), in June 2023, SSP was produced in both powder as well as granular forms. Out of 102 SSP plants, about 84 units have the facility to produce granular SSP. Out of 84 granulated SSP units, 73 units have reported the details of production and dispatch of granulated SSP for 2022-23. Based on the information received from these units, total production of granulated SSP arrived at 2.9 million metric tons (MT) and dispatch of 2.9 million MT during 2022-23.
Zincate Segment to Hold a Considerable Market Share
The zincate segment is expected to hold a considerable share of the market. Zincate single superphosphate has a significant impact on internode elongation and growth hormone synthesis that improves a plant's physiological processes. Increases the activity of enzymes, which enhances plant metabolism and stops deficiencies in plants from occurring, such as undersized leaves, chlorosis, and slowed growth. Plants need zinc for the production of their genes. In plants, zinc facilitates phosphorus transfer. For instance, Jubilant offers Zincate single superphosphate having 16.0% phosphorous, 11.0% sulfur, 21.0% Calcium with 0.5% Zinc, and various other trace elements & gypsum.
The global single superphosphate market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Growing Demand for Single Superphosphate in North America
Asia-Pacific Holds Major Market Share
Asia-Pacific holds a significant share owing to numerous prominent single superphosphate companies and providers such as Aries Agro Ltd., Krishana Phoschem Ltd., Rama Phosphates Ltd., Shree Pushkar Chemicals and Fertilizers Ltd., and Tianjin Crown Champion Industrial Co., Ltd., in the region. The regional growth is mainly attributed to the increasing demand for food across countries including India, China, Japan, and South Korea. With its efficiency and affordability, SSP is growing increasingly in demand as a phosphorus fertilizer as attention on sustainable agriculture techniques grows. Innovations and technological developments in SSP production processes are improving productivity and lessening their negative effects on the environment. According to the Fertiliser Association of India (FAI), in June 2023, Superphosphate Statistical Service, all India production of SSP at 448.7 thousand metric tons (MT) during March 2023 registered an increase of 8.9% over March 2022. All India's capacity utilization of SSP increased from 44.4% in March 2022 to 46.8% during March 2023. Total dispatches of SSP at 439.3 thousand MT during March 2023 were 6.6% higher than the level of March 2022. The total annual production capacity of SSP plants increased from 12.1 million metric tons (million MT) during 2021-22 to 12.3 million MT during 2022-23 due to the commissioning of two new SSP plants in Gujarat. In addition, some SSP plants reported modification/upgradation in their annual production capacity during the year. There are 102 SSP plants of which, 93 plants were in operation during 2022-23.
The major companies serving the single superphosphate market include Haifa Group, ICL Group, OCP Group, Ostwal Group of Industries, and SPIC Ltd., among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market.
Recent Development